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1520 a
Renamed as there are 2 resos with same number
RESOLUTION NO. 1520
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY
OF. DEED, AND ACCEPTING DEED OF TRUST AND
AUTHORIZING RECORDATION THEREOF CONCERNING. LOT 16,
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, YOAB Y. and NAJIBA S. GEORGE have submitted a proposal
to purchase Lot 16 and to pay the amount of $295,000.00 therefor sub-
ject to the terms and conditions contained in that certain "Real
Estate Purchase Contract and Receipt for Deposit" , dated January 5,
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 16 to YOAB Y. and NAJIBA S. GEORGE for the
purchase price stated in the proposal.
2. The City Council further orders that the land title company
with whom an escrow concerning thesale of Lot 16 is opened shall be
instructed to pay out of the funds of YOAB Y. and NAJIBA S GEORGE
deposited in escrow a real estate commission in an amount equal to
411
All
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 16 is conveyed to YOAB Y. and
NAJIBA S. GEORGE, 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
16 executed by YOAB Y. and NAJIBA S. GEORGE, together with the Deed
of Trust in which the above:-named 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 11th day of January, 1983.
By
ATTEST: Mayor
City Clerk
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