CC Resolution No. 3864 RESOLUTION N0. 3864
A RESOLUTION OF THE CITY COUNCIL OF THE CITY 0~' CUPERTTNO
EXERCISING OPTION TO PURCHASE PARCEL B OF REAL PROPERTY
FROM GINA, INC., A CORPORATION; SAID PROk'ERTY LOCATED AT
THE NORTHEAST CORNER OF TORRE AVENUE AND PACIFZCA DRIVE
WHEREAS, the City Council through i.ts Resolution No. 3630 has a~proved
the acquisition of real property located at the northeast corner of Tprre Avenue
and Pacifica Drive commonly referred to as the ~~Musolino Property"; and
WHEREAS, the agreement entered into between the City and Gina, Inc., ~
grants to the City options to purchase parcels of land therein described;
and
WHEREAS, the City desires to avail itself of the option to purchase Par-
cel B at the stated price of $109,000 which option expires March 31, 1975;
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby exercises
its option to purchase said Parcel B and authorizes the City Treasurer to
issue a warrant for said price.
NOW, THEREFORE, BE IT FURTHER RESOLVED that the City Clerk is hereby
authorized to record said Grant of Deed.
PASSED AND ADOPTED at a regular meeting of the City Council of the City
of Cupertino on the 3rd day of March , 1975, by the following
vote:
Vote Members of the Cit Council
AYES: Frolich, Jackson, Meyers, Nellis, Sparks
NOES: None
ABSENT: None
ABSTAIN: None
APPROVED:
/s/ Reed Sparks
Mayor, City of Cupertino
ATTEST:
/s/ Wm. E. Ryder
City Clerk