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RESOLUTION NO. 1526
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF DEED,
AND ACCEPTING DEED OF TRUST AND AUTHORIZING RECORDATION
THEREOF CONCERNING LOT 11, 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,
partitioned 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, Vijay Kapoor and Pamela Kapoor submitted a proposal to
purchase Lot 11 and to pay the amount of $207 , 000. 00 therefor subject
to the terms and conditions contained in that certain "Real Estate
Purchase Contract and Receipt for Deposit" , dated February 1, 1983 ,
as modified by the Counter Offer and response to Counter Offer accepted
on February 9 , 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 11 to Vijay Kapoor and Pamela Kapoor 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 11 is opened shall be
instructed to pay out of the funds of Vijay Kapoor and Pamela Kapoor
• •
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 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 11 is conveyed to Vijay Kapoor
and Pamela Kapoor, and to deliver the Deed in accordance with the terms
and provisions of the proposal .
REGULARLY passed and adopted this 9th day of February, 1983.
BY
Mayor ,f
ATTEST:
City Clerk
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