HomeMy WebLinkAbout39-92 • • •
RESOLUTION NO. 39-92
A RESOLUTION OF THE TOWN OF LOS ALTOS HILLS
APPROVING AND AUTHORIZING EXECUTION OF A REIMBURSEMENT
AGREEMENT BETWEEN THE TOWN OF LOS ALTOS HILLS AND
MACAR LAND COMPANY INC.
WHEREAS, the City Council of the Town of Los Altos Hills has
read and considered that certain Reimbursement Agreement between
the Town and Macar Land Company, Inc. ("Developer") , concerning
the reimbursement from future users to Developer of the
difference between the cost of constructing a sanitary sewer
system to benefit only the lands of Developer and the cost of
constructing such sanitary sewer system to benefit both the lands
of Developer and other lands which may be served by such sanitary
sewer system at a future date;
NOW, THEREFORE, the Town of Los Altos Hills does RESOLVE as
follows:
Section 1. Public interest and convenience require the Town
of Los Altos Hills to enter into the Reimbursement Agreement
described above.
Section 2 . The Town of Los Altos Hills hereby approves the
Reimbursement Agreement and the Mayor is hereby authorized on
behalf of the Town of Los Altos Hills to execute the
Reimbursement Agreement between the Town of Los Altos Hills and
Developer.
REGULARLY PASSED AND ADOPTED this 16th day of
September , 1992 .
Mayor
ATTEST:
City rk
PB\TDM\149490B3.W50
05/05/92