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RESOLUTION NO. 897
RESOLUTION AUTHORIZING EXERCISE OF OPTION TO
PURCHASE REAL PROPERTY .FROM AND ORDERING PAY-
MENT OF MONEY TO THE NATURE CONSERVANCY
- RESOLVED, by •the. City Council of the Town of Los Altos Hills,
County of Santa Clara, State of California, that
WHEREAS, the City Council of the Town of Los :Altos Hills entered
into an Agreement of Sale dated January 29, 1968 :with THE NATURE
.CONSERVANCY, wherein the Town of Los Altos Hills purchased two parcels
of land and was given the right to lease the remaining eight parcels
comprising.:the Byrne Preserve, together with the option to purchase
such additional parcels1on an annual basis; and
WHEREAS,. the City Council desires to exercise- the option of
the Town of Los Altos Hills to purchase Parcels Seven and Eight
for a purchase price of $14,500,
. NOW, THEREFORE,IT IS HEREBY FOUND, ORDERED. AND DETERMINED as
follows:
1. Public interest and convenience require, and the Town of
Los Altos Hills acting by and through its City Council hereby exercises .
its option to purchase Parcels Seven and Eight of the Byrne Preserve
for a purchase price of $14";500. 00.
2. The appropriate officer of the Town is. authorized and
directed to cause the sum of $14,500 to be deposited in escrow with
Title Insurance and Trust Company., Los Altos, California (together
insurance
the costs of escrow and premium for a policy oftitle insu e
required to be paid by the Town under the Agreement of Sale) and to
be paid to THE NATURE CONSERVANCY upon appropriate instructions and
upon execution and delivery of a Corporation Grant Deed conveying
Parcels Seven and Eight.
I HEREBY CERTIFY that the foregoing Resolution was passed and
adopted at a regular meeting of the City Council of the Town of Los
Altos Hills held on the 20th day of August, 1975.
City Clerk
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