CC Resolution No. 6505 RESOLUTION N0. 6505
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF A AOLDING AGREEMr.NT WITH
CALIFORNIA LAND TITLE COMPANY AND MODIF3ING THE AGREEMENT
BETWEEN THE CUPERTINO UNION SCHOOL DISTRICT AND THE CiTY
OF CUPERTINO
WAEREAS, the Cupertino Union School District and the City of
Cupertino have entered into an Agreement to develop Sollyman and
Hoover School sites; and
WHEREAS, the Agreement called for California Land Title Company
to act as trustees and hold five lots in escrow as financial security;
and
WHEREAS, California Land Title Company requires a designated City
and School District officer to receive escrow instructions from; and
WHEREAS, an Aolding Agreement with California Land Title Company
must be executed;
NOW, THEREFORE, BE IT RESOLVED that the Mayor and the City Clerk
are hereby authorized to sign, in behalf of the City of Cupertino, the
Holding Agreement with California Land Title Company;
BE IT FURTHER RESOLVED that City Manager Robert W. Quinlan is designated
to be the City Officer from whom California Land Title will accept joint
instructions, and that California Land Title Company no longer must be a
trustee.
PASSED AND ADOPTED at a regular meeting of the City Council of the
City of Cupertino this 19th day of Februar~+ 1985, by the followiag
vote:
Vote ~Sembers of the City Council
AYES: Gatto, Plungy, Rogers, Sparks, Johnson
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: APPROVED:
/s/ Allison Villaraate /s/ Pnil N. Johr.son
City Clerk Mayor, City of Cupertino