HomeMy WebLinkAbout04/14/1983CITY COUNCIL
TOM OF IAS ALTOS HILLS
26379 Freront Road
Los Altos Hills, California
MINUTFS OF A SPECIAL MEETING
Thursday, April 14, 1983
ce: Reel 142, Tr. II, Side II, 285-480
Mayor Perkins called the Special Meeting of the City Council to order at 3:45 p.m.
in the Council Chambers of Town Hall.
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Present: Mayor Perkins and CouncihTenbers Allison, Hillestad, Proft and van Tamelen
Absent: None
Staff: City Manager Ann Hinshaw, City Attorney Frank Gillio, City Planner John
Carlson and City Clerk Pat Dowd
Press: Ed Hering, San Jose Mercury
B. MATADERO CREEK SUBDIVISION - RnATED MAPPERS
1. Lot #11
Jackye Wolfe, Fox and Carskadcn, noted that lot #11 had been sold for $207,000
r acted a 10$ discount for an all cash transaction and the close of escrow
was scheduled for April 18, 1983. The buyer now wished to change the terms as
follows: $207,000 purchase price, dowapayment of $109,250, seller to carry the
balance of $97,750 for 6 months at 14% interest. Ms. Wolfe also noted that since
the buyer was involved in refinancing negotiations for the do copayment, he was
also requesting a later close of escrow, i.e. April 29, 1983. Additionally, the
financial statawnts of the buyer needed to be certified by an accountant. Since
it was tax time it was being requested that a five working day extension be granted
to caoplete this certification. Council discussed these proposed changes, including
the ramifications to the Town of interest charges.
M%7TION SEODNDED AMID CAPJUM: Moved by Hillestad, seconded by van Tamelen and
passed by the following roll call vote to present a counter offer on Lot #11 of
$209,700.
AYES: Mayor Perkins and CouncihTimbers Hillestad, Proft and van Tamelen
NOES: Councilman Allison
INION SECONDED AMID CARRIED: Moved by Allison, seconded by van Tamelen and passed
unanimously to include in the counter offer certain language stating escrow shall
close no later than May 18, 1983 with all funds due to the Town to include 148
interest (computed on $209,700) from April 18, 1983.
MOTION SD9DIDED AND CARRIED: Moved by Proft, seconded by Allison and passed unani-
mously to include in the counter offer an extension of five working days for appli-
cant to submit a financial statement certified by an accountant and four working
days for the Town to approve.
CITY COU CIL MINUTES - April 14, 1983
C.
MOTION SEIXxIDID AND CARRIED: Moved by Allison, seconded by Hillestad and
passed unanimously to adopt Resolution #1547 approving and authorizing execu-
tion of agreement for engineering services between Harris and Associates and
the City of the Tom of Los Altos Hills.
D. CLOSED SESSION - PERSONNEL AND LITIGATION
The City Council then adjourned to Closed Session for Perscnncl and Litigation
at 4:20 p.m. and reconvened at 5:00 p.m.
E. ALUOORZ=:
There being no further new or old business to discuss, the City Council adjourned
at 5:00 p.m.
1WZ
Respectfully submitted,
Patricia Dad, City Clerk