HomeMy WebLinkAbout1498 RESOLUTION NO. 1498
A RESOLUTION ACCEPTING PROPOSAL AND ORDERING SALE OF
REAL PROPERTY, DIRECTING PAYMENT OF REAL ESTATE COMMISSION,
AUTHORIZING EXECUTION AND .DELIVERY, OF DEED CONCERNING
LOT 19 , 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, Stan M. Davis and Bonnie M. Davis have submitted a pro-
posal to purchase Lot 19 and to pay theamount of $256,500:-in. cash
therefor subject to the Town Site Development Committee approving the
site plan of Stan M. Davis and Bonnie M. Davis within twelve (12).
business days, the time for submission of which wasextended to
November 8 , 1982,:
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 19 to Stan M. Davis and Bonnie M. Davis '
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 19 is opened shall be.
instructed to pay out of the funds of Stan M. Davis and Bonnie M. Davis
0F.... ..
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 19 is conveyed to Stan M. Davis
and Bonnie M. Davis, and to deliver the Deed in accordance with the
terms and provisions of the proposal.
REGULARLY passed and adopted this 15th day of November , 1982.
BY .
Mayor -.
ATTEST:
City Clerk
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