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RESOLUTION NO. 1530
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF DEED,
AND ACCEPTING DEED OF TRUST AND AUTHORIZING RECORDATION
THEREOF CONCERNING LOT 1, 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 1 and 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 , Ramchandra S. Bhamre and Dolores V. Bhamre submitted a
proposal to purchase Lot 1 and to pay the amount of $216 ,500. 00 therefor
subject to the terms and conditions contained in that certain "Real
Estate Purchase Contract and Receipt for Deposit" dated March 4 , 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 Lot 1 to Ramchandra S. Bhamre and Dolores V.
Bhamre 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 Lot 1 is opened shall be
instructed to pay out of the funds of Ramchandra S. Bhamre and Dolores
V. Bhamre deposited in escrow a real estate commission in an amount
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equal to six (6) percent of the selling price in accordance with the
Agreement dated 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 Lot 1 is conveyed to Ramchandra S.
Bhamre and . Dolores V. Bhamre, 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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