HomeMy WebLinkAbout1522 411RESOLUTION NO. 1522
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF
A DEED CONCERNING LOT 15, 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 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 , Claudio S. Nicolosi, a married man, submitted a proposal
to purchase Lot 1 and to pay the amount of $284 , 000 . 00 therefor subject
to the terms and conditions contained in that certain "Real Estate
Purchase Contract and Receipt for Deposit" dated January 11, 1983 , as
modified by the Counter Offer dated and accepted on January 13 , 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 15 to Claudio S. Nicolosi 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 15 is opened shall be
instructed to pay out of the funds of Claudio S. Nicolosi 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, respec-
tively, to execute and attest a Deed wherin Lot 15 is conveyed to
Claudio S. Nicolosi, and to deliver the Deed in accordance with
the terms and provisions of the proposal.
REGULARLY passed and adopted this 25th day of January, 1983 .
By
Mayor
ATTEST:
City Clerk
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