HomeMy WebLinkAbout682 411
I
RESOLUTION NO. 682
A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS
HILLS APPROVING PURCHASE OF A PARCEL OF REAL PROPERTY.
RESOLVED, by the City Council of the Town of Los Altos Hills,
that the Town purchase that certain 8 :124 .acre parcel of land on
O'Keefe Lane •in Los Altos Hills presently owned by the State. of
California for the purchase price of $20,100. 00, with a down
payment of $6, 030 ..00,. and with the balance tobe payable by the
Town to the State over a period of ten (10) years,- said obligation
to bear interest on unpaid principal at the rate. of seven per cent
-(-7.o) per annum,- and to besecured by a Deed of Trust- on the subject
property, and said obligation to provide that there shall be no
penalty in the event of prepayment..
RESOLVED FURTHER that the Mayor and the City Manager be
and they are hereby authorized to. execute- all necessary documents
on behalf of the Town in order to effectuate said purchase.
* * * * * * *
I HEREBY CERTIFY that the foregoing Resolution was adopted
at a regular meeting of the City Council of the. Town of Los Altos
Hills held on the 21st day of -August, .1972,. by :the following roll
call- vote: .
AYES.: Councilmen Davey, Grabowski and Mayor Helgesson -
NOES.: Councilmen Kubby and Miller
ABSENT: None
ATTEST:
•
City. Cl.er /
APPROVED:
ROBIN D. FAISANT .
ATTORNEY.AT LAW
750 WELCH ROAD a or
PALO ALTO, CALIF. 94304
(415) 329-9333 .