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RESOLUTION NO. 734
RESOLUTION. AUTHORIZING EXERCISE OF OPTION TO PURCHASE REAL
PROPERTY AND ORDERING PAYMENT OF MONEY; AND 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, the City Council desires to exercise the option of
the Town of Los Altos Hills to purchase Parcel Six for a purchase
price of $10, 000, and to enter into a Lease of Parcels Seven and
Eight,
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 Parcel Six of the Byrne Preserve for a purchase
price of $10,000.
2. The Mayor be and he hereby is authorized and directed on
behalf of the Town to execute and cause to be delivered a Notice of
Intention to Exercise Option. The appropriate officer of the Town is
authorized and directed to cause the sum of $10,000 to be deposited in
4110
escrow with Title Insurance and Trust Company, Los Altos, California
(together with the costs of escrow 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 Parcel Six to the Town.
3. Publicinterest and convenience require the entering into of
a Lease of the remaining two parcels comprising the Byrne Preserve for
a term of one year commencing on January 1, 1974 at an annual rental
of Two Dollars, and the. Town of Los Altos Hills approves said Lease.
4. The Town. of Los Altos Hills 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 THENATURECONSERVNCY,
a non-profit corporation. The appropriate officer of the Town is
authorized and directed to cause the sum of Two Dollars to be paid
as rental for the calendar year of 1974.
* *
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 day of December, 1973.
City Clerk
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