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HomeMy WebLinkAbout853 Iwo 40 RESOLUTION NO. 853 RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF LEASE OF REAL PROPERTY BETWEEN THE TOWN OF LOS ALTOS HILLS AND 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 parcels on an annual basis; and WHEREAS, heretofore the Town of Los Altos Hills has entered into an Addendum to the above described Agreement extending the date on which the option to purchase parcel No. 7 described in the Agreement of Sale may be exercised from December 1, 1974 to and including March 31, 1975; and WHEREAS, public interest and convenience require the entering into of a further Lease of the remaining two parcels, namely Parcels Seven and Eight comprising the Byrne Preserve for an additional term of three (3) calendar months commencing January 1, 1975 at a rental of Two Dollars because although the Town of Los Altos Hills has applied for and received approval of the use of State Park Bond Funds to purchase parcel no. 7 , the Town has not yet executed an Agreement with the State of California relating to payment of such funds, and the exercise of the option to purchase parcel no. 7 prior to execution of such an agreement would make the Town ineligible to use the State Park Bond Funds to pay the purchase price of parcel no. 7 , NOW, THEREFORE, IT IS HEREBY ORDERED AND DETERMINED as follows: The Town of Los Altos Hills hereby approves and shall enter into, and the Mayor and City Clerk be, and they and each of them hereby is authorized and directed on behalf of the Town, respectively, to execute and attest a Lease between the Town of Los Altos Hills and THE NATURE CONSERVANCY, a non-profit corporation, of Parcels Seven and Eight for three (3) calendar months. The appropriate officer of the Town is authorized and directed to cause the sum of Two Dollars to be paid as rental. 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 15th day of January, 1975. City Clerk -2-