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RESOLUTION NO. 1531
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF. DEED,
AND ACCEPTING DEED OF TRUST AND AUTHORIZING RECORDATION
THEREOF CONCERNING LOTS 4 AND 7 , TRACT NO. 7187 ,
MATADERO CREEK SUBDIVISION
RESOLVED, by the City Council of the City of the Town of Los
Altos Hills , County of Santa Clara, State of California, that
WHEREAS, the City of the Town of Los Altos Hills (herein called
"CITY") is the owner of certain real property described as Matadero
Creek Subdivision, namely:
TRACT NO. 7187, being a portion of Lots land 2 of
that part of the Rancho Purissima Concepcion, parti-
tioned for Juana Briones, W. Matthews, R. F. Budges
and T. B. Bishop, recorded in Book "A" of Maps, at
Page 21, Santa Clara County Records,
and consisting of Lots 1 to 20, inclusive; and
WHEREAS, James J. Viso submitted a proposal to purchase Lots 4
and 7 and to pay the amount of $400, 000. 00 therefor subject to the
terms and conditions contained in that certain "Real Estate Purchase
Contract and Receipt for Deposit" , dated March 7 , 1983,
NOW, THEREFORE, IT IS FOUND, ORDERED AND DETERMINED as follows:
1. The City Council hereby accepts the proposal described above
and orders the sale of Lots 4 and 7 to James J. Viso for the purchase
price stated in the proposal .
2 . The City Council further orders that the land title company
with whom an escrow concerning the sale of Lots 4 and 7 is opened
shall be instructed to pay out of the funds of James J. Viso deposited
in escrow a real estate commission in an amount equal to six (6)
percent of the selling price in accordance with the Agreement dated
411
September 1, 1982, between the City of the Town of Los Altos Hills
and Fox & Carskadon, Inc. , a corporation.
3. The City of the Town of Los Altos Hills shall enter into
and the Mayor and City Clerk thereof be, and they and each of them
hereby is authorized and directed on behalf of said City, respectively,
to execute and attest a Deed wherein Lots 4 and 7 are conveyed to
James J. Viso, and to deliver the Deed in accordance with the terms
and provisions of the proposal.
REGULARLY passed and adopted this 7th day of March, 1983 .
By '
Mayor
ATTEST:
City Clerk
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