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• <br /> RESOLUTION NO. 897 <br /> RESOLUTION AUTHORIZING EXERCISE OF OPTION TO <br /> PURCHASE REAL PROPERTY .FROM AND ORDERING PAY- <br /> MENT OF MONEY TO THE NATURE CONSERVANCY <br /> - RESOLVED, by •the. City Council of the Town of Los Altos Hills, <br /> County of Santa Clara, State of California, that <br /> WHEREAS, the City Council of the Town of Los :Altos Hills entered <br /> into an Agreement of Sale dated January 29, 1968 :with THE NATURE <br /> .CONSERVANCY, wherein the Town of Los Altos Hills purchased two parcels <br /> of land and was given the right to lease the remaining eight parcels <br /> comprising.:the Byrne Preserve, together with the option to purchase <br /> such additional parcels1on an annual basis; and <br /> WHEREAS,. the City Council desires to exercise- the option of <br /> the Town of Los Altos Hills to purchase Parcels Seven and Eight <br /> for a purchase price of $14,500, <br /> . NOW, THEREFORE,IT IS HEREBY FOUND, ORDERED. AND DETERMINED as <br /> follows: <br /> 1. Public interest and convenience require, and the Town of <br /> Los Altos Hills acting by and through its City Council hereby exercises . <br /> its option to purchase Parcels Seven and Eight of the Byrne Preserve <br /> for a purchase price of $14";500. 00. <br /> 2. The appropriate officer of the Town is. authorized and <br /> directed to cause the sum of $14,500 to be deposited in escrow with <br /> Title Insurance and Trust Company., Los Altos, California (together <br /> insurance <br /> the costs of escrow and premium for a policy oftitle insu e <br /> required to be paid by the Town under the Agreement of Sale) and to <br /> be paid to THE NATURE CONSERVANCY upon appropriate instructions and <br />