HomeMy WebLinkAbout78-08 •
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RESOLUTION NO. 78-08
RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS
APPROVING A PURCHASE AND SALE AGREEMENT BETWEEN THE TOWN
OF LOS ALTOS HILLS AND STEVE AND KARLA JURVETSON FOR THE SALE
OF APN 182.21-003
WHEREAS, the Town of Los Altos Hills is the owner of APN 182-21-003, which is an
approximately 8,712 square foot parcel located on the north side of Altamont Road near Black Mountain
Road (the"Property"); and
WHEREAS, on November 13, 2008, following a public hearing and consideration of comments
received therein, by Resolution No.76-08 the City Council ordered that the Property be abandoned and sold
pursuant to the Municipal Park Abandonment Law of 1939 (the "Act"); and
WHEREAS, pursuant to the Act the City Council is authorized to sell the Property on such terms as
it deems most advantageous; and
WHEREAS, Steve and Karla Jurvetson, owners of residential property adjacent to the Property,
(the "Proposed Buyers") desire to purchase the Property for$139,218 in cash (the"Purchase Price") and to
enter into a purchase and sale agreement(the "Purchase and Sale Agreement") with the Town setting forth
the terms and conditions for their acquisition of the Property; and
WHEREAS, the City Council has duly considered the Purchase Price and its supporting appraisal
data, and all of the terms and conditions of the Purchase and Sale Agreement, and believes that the sale of
the Property to the Proposed Buyers for the Purchase Price pursuant to the Purchase and Sale Agreement
is most advantageous to the Town of Los Altos Hills;
NOW, THEREFORE, the City Council for the Town of Los Altos Hills, does hereby RESOLVE as
follows:
1. The City Council hereby finds and determines that the above recitals are true and correct.
2. The City Council hereby authorizes the Mayor to execute the Purchase and Sale
Agreement between the Proposed Buyers and the Town of Los Altos Hill, in substantially the form on file
with the City Clerk, with such changes therein as shall be approved by the City Attorney.
3. The City Council hereby authorizes the Mayor and the City Clerk, upon receipt of the
Purchase Price, to sign, acknowledge and deliver a grant deed for the Property to the Proposed Buyers
and to take such other and further related actions as are reasonably necessary to consummate the sale of
the Property to the Proposed Buyers.
4. The City Council hereby directs that upon receipt of the Purchase Price, the full amount
shall be deposited in the Town of Los Altos Hills Open Space/Public Recreation Preservation Fund to be
used for open space/public recreation uses as approved by the City Council.
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PASSED AND ADOPTED this /3 - day of Nei/(2414-- iV , 2008.
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Jean Mordo, Mayor
ATT ST:
Karen Jost, (ity Clerk
1162773.3