HomeMy WebLinkAbout1438 RESOLUTION NO. 1438
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY
OF DEED, AND ACCEPTING DEED OF TRUST AND
AUTHORIZING RECORDATION THEREOF CONCERNING LOT 17 ,
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 realro ert described as Matadero
P P Y
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 , pursuant to a Notice inviting sealed bids for the pur-
chase of Lots 1 to 20 , or any of them, which was duly posted and pub-
lished, the sealed bids received for said lots were opened and exam-
ined and declared before the City Council at its meeting held on Wed-
nesday,
nesday, April 21, 1982, following which oral bids were solicited for
said lots; and
WHEREAS , the highest written bid received for Lot 17, no oral
bids for said Lot having been made , was the bid of RAMCHAND NAGPAL
and SHAKU NAGPAL, his wife, in the amount of Three Hundred Seven
Thousand and Seven Hundred Dollars ($307 ,700 . 00) , said bidder having
elected to paythepurchaseprice in and
installments;
y • •
WHEREAS , the City Council on April 21 , 1982 accepted the bid
described above and ordered the sale of Lot 17 to the above-named
bidder ,
NOW, THEREFORE, IT IS FOUND, ORDERED AND DETERMINED as follows :
1. The City of the Town of Los Altos Hills shall enter into and
the Mayor and the 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 17 is conveyed to RAMCHAND
NAGPAL and SHAKU NAGPAL, his wife, and to deliver the Deed in accord-
ance with the terms and provisions of the bid of the above-named bidder
and Resolution No. 1428 , adopted by the City Council on March 18 , 1982,
respectively.
2. The Note for the unpaid balance of the purchase price of Lot
1.7 executed by the above-named bidder , together with the Deed of Trust
in which the above-named bidder 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 he 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 19th day of May , 1982.
BY '
Mayor
ATTEST:
City Clerk
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