HomeMy WebLinkAbout03/02/1983CITY COUNCIL
TagN OF LOS ALTOS HELTC
26379 Fremont POad
Los Altos Hills, California
MINUTES OF A REGULAR MEETING*
Wednesday, March 2, 1983
Mayor Perkins called the Regular Meeting of the City Council to order at 7:30 p.m.
in the Council Chambers at To.•mn Hall.
Present: Mayor Perkins and Councilmembers Allison, Hillestad, Pmft and vanTamelen
(Hillestad arrived at 7:40 p.m. and Mayor Perkins left the meeting at
7:50 p.m. due to illness)
Absent: Mayor Perkins after approximately 7:50 p.m.
Staff: City Manager Ann Hinshaw, City Engineer John Carlson, City Attorney
Frank Gillio, Planning Cannission Representative Richard Rydell and
City Clerk Pat Dowd
Press: Florence Pallakoff, Los Altos Town Crier; Fd Hering, San Jose Mercury;
Mary Duenwald, Peninsula Times Tribune
1. Matadem Creek Subdivision - Offers on lots and Related Matters
Council noted that item B.4a) on the Consent Calendar pertained to Matadero
Creek and agreed to remove that item frau the Consent Calendar and consider it
at this time during the meeting.
MOTION SECONDED AMID CARRIED: Moved by Proft, seconded by Allison and passed
unanimously by all muenbers present (Hillestad not present) to adopt Resolution
#1526 rescinding Resolution #1516 concerning Lot 1, Tract 7187, Matadero Creek
Subdivision.
a) Lot #1
Jackye Welfe, Fox & Carskadon, reported that she had received two offers on lot
first o er was m all cash offer of $211,500 with a closing date in
45 days. The second offer was an all cash offer of $211,500 with a close of escrow
ninety days or sooner. A discussion follaed concerning the contingencies of
both offers.
Mayor Perkins left the Council meeting due to illness.
MOTIOtN SECONDED AMID WITHDRAWN: Moved by Allison, seconded by Proft and withdrawn
to adopt the next resolution in order accepting the second offer on lot #1.
Council reconsidered the offers before then. The potential purchaser of lot #1
who made the first offer agreed to increase his offered price by $5,000. Since
both potential purchasers were not present, Council agreed to give an additional
48 hours for resubmission of offers and to consider these offers at the next
.i1. Council meeting.
*Due to a power failure, there is no tape recording of the Council Meeting of 3/2/83.
CITY COUNCIL MINUTES - March 2, 1983
1. Matadero Creek Subdivision - Offers on Lots and Related Matters (continued)
,ter a) Lot #1 (continued)
t✓i71'ION SECONDED AND CARRIED: Moved by Allison, seconded by Hillestad and passed
unanimously by all members present to give the prospective purchasers of lot #1
48 hours to modify offers.
b) Lot #8
Jackye Wolfe, Fox & Carskadon, reported that she had received an offer on lot #8
of $216,000 (all cash offer) with no contingencies and a close of escrow of 3/16/83.
M3TION SECONDED AIM CARRIED: Moved by Proft, seconded by Hillestad and passed
unanimously by all members present to adopt Resolution #1529 accepting proposal
and ordering sale of real property, directing payment of real estate wnnission,
authorizing execution and delivery of deed, and accepting deed of trust and
authorizing recordation thereof concerning Lot #8, Tract No. 7187, Mata ero Creek
Subdivision.
C) Lot #7
Jackye Wolfe, Fox & Carskadon, reported that she had received two offers on lot
7. The first offer was an all cash offer of $180,000 with a close of escrow in
60 days. A discussion followed of the contingencies of this offer as stated in
the addendum to purchase agreement dated 2/26/83. The second offer for lot #7
was an all cash offer of $180,500 with no contingencies and a close of escrow to
be decided by Council.
MOTION SECONDED AMID WITBDRAWN: Moved by Allison, seconded by Proft and withdrawn
to present a counter-offer to the potential purchaser of lot #7 (second offer)
of a closing date of March 15, 1983.
Council discussed the situation of having multiple offers on the same lot and
again noted that both potential purchasers of lot #7 were not present at the
meeting. It was agreed to follow the same procedure as earlier in the meeting
regarding lot #1, i.e. to alloy the prospective purchasers an additional 48 hours
to resuhmi.t their offers.
MOTION SECONDED AMID CARRIED: Moved by Allison, seconded by Proft and passed unani-
mously by all members present to give the prospective purchasers of lot #7 48
hours to modify their offers.
d) Lot #5
MOTION SECONDED AND CARRIED: Moved by Allison, seconded by Proft and passed unani-
mously by all members present to grant a three-day extension to the buyers of lot
#5 for the increase of deposit.
MOTION SECONDED AND CARRIED: Moved by Allison, seconded by van Tamelen area passed
unanimously by all members present to accept the buyer's request (lot #5) for
a partial discount of 2.25% for an additional $50,000 payment by 12/31/83.
-2-
%w
CITY ODUNCIL MINUIES - March 2, 1983
1. Matadero Creek Subdivision - Offers on Lots and Related Matters
e) Multiple Offers on Lots
Counc>>+Tembers, the City Attorney and Jackye Wolfe of Fox & Carskadon discussed
the procedures involved when more than one offer was received on a lot. The
possibility of an auction was reviewed; however, it was suggested this may not
be the most productive manner in which to consider multiple offers. The City
Attorney noted that prospective purchasers of the lots and their agents should
be present at the next Council meeting when these offers are reviewed. It was
futher noted that at that time Council would decide which, if any, of the offers
would be accepted.
B. ADJOURla'=:
Due to the paver failure and the absence of the Mayor, the City Council adjourned
at 8:30 p.m. to an adjourned regular meeting at 7:30 p.m. on Monday, March 7,
1983.
-3-
Respectfully sutraitted,
Patricia Da d
City Clerk