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RESOLUTION NO. 1500 A RESOLUTION ACCEPTING PROPOSAL AND ORDERING. SALE OF REAL PROPERTY, DIRECTING PAYMENT OF REAL ESTATE COMMISSION, AUTHORIZING EXECUTION AND. DELIVERY OF. DEED, AND ACCEPTING DEED OF TRUST .AND AUTHORIZING RECORDATION THEREOF CONCERNING LOT 2, TRACT NO. ."7187,. MATADERO CREEK SUBDIVISION RESOLVED, by the City Council"" of the City of the Town of Los Altos Hills , County of Santa Clara, State of California, that WHEREAS , the City of the Town of Los Altos Hills (herein called "CITY" ) is the owner- of certain real property described as Mataderd Creek, Subdivision, namely: TRACT NO. 7187 ,: being a portion of Lots" 1 and 2 of.- thatpart of the Rancho Purissima . Concepcion, partitioned for Juana Briones ,: W. Matthews , R. F. 'Budges 'and T. B. Bishop, recorded in Book "A" of Maps, at Page 21, _ Santa Clara County Records ,. and consisting of Lots 1 to 20, inclusive; 'and WHEREAS, Raymond Soloman and Marilyn Soloman°= have __submitted a proposal to purchase Lot 2-Nand topaythe amount of $205 ,000 therefor subject to the City Council approving the proposed financing of payment of the unpaid balance of the purchase price prior to the close of escrow, NOW', THEREFORE, IT IS FOUND, ORDERED AND DETERMINED as follows: 1. The City Council hereby accepts the proposal described above and orders the sale of Lot 2 toRaymondSoloman and Marilyn Soloman = for the purchase price stated in the proposal. 2. The City Council further orders that the, land title company with whom an escrow concerning the sale of Lot 2 is opened shall be instructed to pay out of the funds of Raymond Soloman and Marilyn Soloman deposited in escrow a real estate commission in an amount equal to six (6) percent of the selling price in accordance with the Agree- ment dated September 1, 1982, between the City of the Town of -Los Altos Hills and Fox & Carskadon, Inc. , a corporation.