HomeMy WebLinkAbout1500 RESOLUTION NO. 1500
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 2, 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 Mataderd
Creek, Subdivision, namely:
TRACT NO. 7187 ,: being a portion of Lots"
1 and 2 of.- thatpart 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, Raymond Soloman and Marilyn Soloman°= have __submitted a
proposal to purchase Lot 2-Nand topaythe amount of $205 ,000 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,
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 2 toRaymondSoloman and Marilyn Soloman
= 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 2 is opened shall be
instructed to pay out of the funds of Raymond Soloman and Marilyn
Soloman deposited in escrow a real estate commission in an amount equal
to six (6) percent of the selling price in accordance with the Agree-
ment dated September 1, 1982, between the City of the Town of -Los Altos
Hills and Fox & Carskadon, Inc. , a corporation.
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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 2 is conveyed to Raymond Soloman
and Marilyn Soloman, 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
2 executed by Raymond Soloman and Marilyn Soloman, together with the
Deed of Trust in which the abovenamed buyer is 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 22nd day of November , 1982.
By :
Mayor
ATTEST:
City Clerk
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