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4 . <br /> } <br /> RESOLUTION NO. 1389 <br /> RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF AN <br /> AGREEMENT BETWEEN THE CITY OF THE TOWN OF LOS ALTOS <br /> HILLS AND ALAN G. LAMBERT <br /> RESOLVED, by the City Council of the City of the Town of Los <br /> Altos Hills, County of Santa Clara, State of California, that <br /> WHEREAS, the City Council of the City of the Town of Los Altos <br /> Hills has read and considered that certain Agreement between the <br /> City of the Town of Los Altos Hills and Alan G. Lambert, wherein <br /> the Town agrees to purchase certain real property described in the <br /> Agreement and pay to Alan G. Lambert as the purchase price therefor <br /> the sum of Two Hundred and Sixty Thousand Dollars ($260,000.00) , <br /> NOW, THEREFORE, IT IS HEREBY FOUND, ORDERED AND DETERMINED as <br /> follows: <br /> 1. Public interest and convenience require the purchase and <br /> acquisition of the real property described in the Agreement for <br /> open space purposes and to add the property to the existing Byrne <br /> Park Open Space Reserve. <br /> 2. Based upon an appraisal of the property, the proposed <br /> purchase price of Two Hundred and Sixty Thousdnd Dollars ($260,000.00) is <br /> the reasonable market value of the real property described in the <br /> Agreement. <br /> 3 . Public interest and convenience require that the Town enter <br /> into the Agreement described above, and the City of the Town of Los <br /> Altos Hills hereby approves the Agreement and the purchase of the <br /> real property described therein. <br />