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RESOLUTION NO. 1438 <br /> A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY <br /> OF DEED, AND ACCEPTING DEED OF TRUST AND <br /> AUTHORIZING RECORDATION THEREOF CONCERNING LOT 17 , <br /> 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 realro ert described as Matadero <br /> P P Y <br /> Creek Subdivision, namely: <br /> TRACT NO. 7187 , being a portion of Lots <br /> 1 and 2 of that part 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 , pursuant to a Notice inviting sealed bids for the pur- <br /> chase of Lots 1 to 20 , or any of them, which was duly posted and pub- <br /> lished, the sealed bids received for said lots were opened and exam- <br /> ined and declared before the City Council at its meeting held on Wed- <br /> nesday, <br /> nesday, April 21, 1982, following which oral bids were solicited for <br /> said lots; and <br /> WHEREAS , the highest written bid received for Lot 17, no oral <br /> bids for said Lot having been made , was the bid of RAMCHAND NAGPAL <br /> and SHAKU NAGPAL, his wife, in the amount of Three Hundred Seven <br /> Thousand and Seven Hundred Dollars ($307 ,700 . 00) , said bidder having <br /> elected to paythepurchaseprice in and <br /> installments; <br />