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HomeMy WebLinkAbout89-88 S RESOLUTION NO. 89-88 A RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF AN IMPROVEMENT SECURITY AGREEMENT BETWEEN THE TOWN OF LOS ALTOS HILLS AND CARY B. JONES II AND VICKI JONES, TRUSTEES OF THE JONES FAMILY TRUST, DATED JULY 5, 1972, AND ORDERING RECORDATION THEREOF RESOLVED, by the City Council of the Town of Los Altos Hills, County of Santa Clara, State of California, that WHEREAS, the City Council of the Town of Los Altos Hills has read and considered that certain Improvement Security Agreeement (herein called the "Agreement") between the Town of Los Altos Hills and Cary B. Jones II and Vicki Jones, Trustees of the Jones Family Trust dated July 5, 1972, wherein Cary B. Jones II and Vicki Jones agree to furnish as improvement security to guarantee performance of the undergrounding of public utility systems and service facilities therefor within the land shown within the proposed Final Parcel Map entitled "PARCEL MAP LANDS OF JONES Consisting of Two (2) Sheets being all of that 5.09 acre Parcel shown on the Record of Survey recorded in Book 9 of Maps, Page 43, Official Records of Santa Clara County lying within the Town of Los Altos Hills, California," a lien upon the real property described in the Agreement, NOW, THEREFORE, IT IS FOUND, ORDERED AND DETERMINED as follows: 1. Public interest and convenience require the entering into of the • • • ' s Agreement and the Town of Los Altos Hills hereby approves this Agreement. 2. The Town of Los Altos Hills shall enter into, and the Mayor and City Clerk of the Town of Los Altos Hills be, and they and each of them hereby is authorized and directed on behalf of said Town respectively, to execute and attest the Agreement described above. 3. The Agreement be, and it hereby is accepted and the City Clerk of the Town of Los Altos Hills be, and she hereby is directed and ordered to cause the Agreement to be recorded in the Office of the Recorder of the County of Santa Clara, State of California. REGULARLY passed and adopted this 7th day of September, 1988. B � MAYOR ATTEST: CITY CLERK 82988 -2-