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RESOLUTION NO. 1521
A RESOLUTION ACCEPTING PROPOSAL AND ORDERING SALE OF
REAL PROPERTY, DIRECTING PAYMENT OF REAL ESTATE COMMISSION,
AUTHORIZING EXECUTION AND DELIVERY OF DEED, AND ACCEPTING
DEED OF TRUST AND AUTHORIZING RECORDATION THEREOF CONCERNING
LOT 14 , 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, Norvil L. Dunwoody and Donna B. Dunwoody have submitted
a proposal to purchase Lot 14 and to pay the amount of $290 , 000 . 00
therefor subject to the City Council approving the proposed financing
of payment of the unpaid balance of the purchase price prior to the
close of escrow, and subject to the terms and conditions contained in
that certain "Real Estate Purchase Contract and Receipt for Deposit"
and Addendum, dated January 19 , 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 14 to Norvil L. Dunwoody and Donna B.
Dunwoody 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 14 is opened shall be
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instructed to pay out of the funds of Norvil L. Dunwoody and Donna
B. Dunwoody 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 Hill's 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 14 is conveyed to Norvil L.
Dunwoody and Donna B. Dunwoody, and to deliver the Deed in accordance
with the terms and provisions of the proposal.
4 . The Note for the unpaid balance of the purchase price of Lot
14 executed by Norvil L. Dunwoody and Donna B. Dunwoody, together with
the Deed of Trust in which the above-named buyers are named as Trustor
and the City is named as Beneficiary, be and each of them is hereby
accepted, and the City Clerk of the City be, and she hereby is directed
and ordered to cause said Deed of Trust to be recorded in the Office
of the Recorder of the County of Santa Clara, State of California.
REGULARLY passed and adopted this 25th day of January, 1983 .
By
ATTEST: Mayor
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City Clerk
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