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HomeMy WebLinkAbout486 RESOLUTION NO. 486 A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS, DECLARING TOWN POLICY WITH REGARD TO IN LIEU PAYMENTS AND SUBSTITUTE CONSTRUCTION WHEREAS , under some of the ordinances of the Town of Los Altos Hills builders and developers of land within the Town are permitted to make payments or perform alternate construc- tion in lieu of construction of specific required improvements ; and WHEREAS, it is deemed in the public interest that the policy heretofore stated in Resolution No. 358 of this Council, adopted July 18, 1966, be amended, as hereafter stated: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS that it is the policy of the Town that, unless applied for by the builder or developer and approved by the Town in accordance with applicable ordinances, no in lieu payments or substitute construction shall be permitted; and BE IT FURTHER RESOLVED that in every case where in lieu payment or substitute construction is permitted, no proposal for such payment or construction shall be acceptable unless such payment or construction shall be of such an amount or magnitude that the Engineer ' s estimate of the cost thereof shall be at least 110% of the Engineer 's estimate of the cost of the originally required construction; and BE IT FURTHER RESOLVED that Resolution No. 298 adopted by the City Council of the Town of Los Altos Hills, California, on March 15, 1965 and Resolution No. 358 adopted by said Council on July 18, 1966, be and the same are hereby rescinded. LAGORIO & FAISANT ATTORNEYS AT LAW 300 THIRD STREET LOS ALTOS, CALIF. 948-0200 A t 4 I HEREBY CERTIFY that the foregoing is a full, true and correct copy of a_ resolution duly passed and: adopted by the City Council of the Town. of LosAltosHills., California, at regular a meeting thereof held on the 7th day of October 1968 , by the following roll call vote: AYES: Councilmen Davey, Helgesson, Deputy Mayor Benson. NOES: None. ABSENT: Councilman Fowle, Mayor Aiken. ATTEST: City C er APPRO D Depu T "ar ." A®ORIO& FAIBANT ATTORNEYS AT LAW ROO THIRD ■TK[LT LOB ALTOS, CALIF. 94■-®2 op