Laserfiche WebLink
411 <br /> I <br /> RESOLUTION NO. 682 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS <br /> HILLS APPROVING PURCHASE OF A PARCEL OF REAL PROPERTY. <br /> RESOLVED, by the City Council of the Town of Los Altos Hills, <br /> that the Town purchase that certain 8 :124 .acre parcel of land on <br /> O'Keefe Lane •in Los Altos Hills presently owned by the State. of <br /> California for the purchase price of $20,100. 00, with a down <br /> payment of $6, 030 ..00,. and with the balance tobe payable by the <br /> Town to the State over a period of ten (10) years,- said obligation <br /> to bear interest on unpaid principal at the rate. of seven per cent <br /> -(-7.o) per annum,- and to besecured by a Deed of Trust- on the subject <br /> property, and said obligation to provide that there shall be no <br /> penalty in the event of prepayment.. <br /> RESOLVED FURTHER that the Mayor and the City Manager be <br /> and they are hereby authorized to. execute- all necessary documents <br /> on behalf of the Town in order to effectuate said purchase. <br /> * * * * * * * <br /> I HEREBY CERTIFY that the foregoing Resolution was adopted <br /> at a regular meeting of the City Council of the. Town of Los Altos <br /> Hills held on the 21st day of -August, .1972,. by :the following roll <br /> call- vote: . <br /> AYES.: Councilmen Davey, Grabowski and Mayor Helgesson - <br /> NOES.: Councilmen Kubby and Miller <br /> ABSENT: None <br /> ATTEST: <br /> • <br /> City. Cl.er / <br /> APPROVED: <br /> ROBIN D. FAISANT . <br /> ATTORNEY.AT LAW <br /> 750 WELCH ROAD a or <br /> PALO ALTO, CALIF. 94304 <br /> (415) 329-9333 . <br />