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• <br /> RESOLUTION NO. 1495 <br /> A RESOLUTION ACCEPTING PROPOSAL AND ORDERING SALE OF <br /> REAL PROPERTY, DIRECTING PAYMENT OF REAL ESTATE COMMISSION, <br /> • AUTHORIZING EXECUTION AND DELIVERY OF DEED, AND ACCEPTING <br /> DEED OF TRUST AND AUTHORIZING RECORDATION THEREOF CONCERNING <br /> LOT 20, TRACT NO. 7187, MATADERO CREEK SUBDIVISION <br /> RESOLVED, by the City Council of the City of the Town of Los Altos <br /> Hills , County of Santa Clara, State of California, that <br /> WHEREAS , the City of the Town of Los Altos Hills (herein called <br /> "CITY") is the ,owner .of certain real property described as Matadero <br /> Creek Subdivision, namely: <br /> TRACT NO. 7187 , being a portion of Lots . <br /> 1 and 2 of that pert of the Rancho Purissima <br /> Concepcion, partitioned for Juana Briones , <br /> W. Matthews, R. F. Budges and T. B. Bishop, <br /> recorded in Book "A" of Maps , at Page 21, <br /> Santa Clara County Records , <br /> and consisting of Lots 1 to 20 , inclusive;. and <br /> WHEREAS, Michael Del Castello has submitted a proposal to purchase <br /> Lot 20 and to pay the amount of $250,000 therefor subject to the terms <br /> and conditions contained in that certain "Real Estate Purchase Contract <br /> and Receipt for Deposit" dated October 28 , 1982, <br /> NOW, THEREFORE, IT IS FOUND, ORDERED. AND DETERMINED as follows: <br /> 1. The City Council hereby accepts the proposal described above <br /> and orders the sale of Lot 20 to Michael Del Castello for the purchase <br /> price stated in the proposal; provided, however , that the "Covenants, <br /> Conditions and Restrictions , as amended to date" shall be included in <br /> Paragraph 6 entitled "Addenda" ; and provided, further , that the City <br /> Council approves of the proposed financing ofpaymentof the unpaid <br /> balance of the purchase price prior to the close of escrow.' <br />