CC Resolution No. 4120 ~ RESOLUTION N0. 4120
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPIItTINO
EXERCISING OPTION TO PURCHASE PARCEL C OF REAL PROPERTY
FROM GINA, INC.~ A CORPORATION: SAID PROPERTY LOCATED AT
THE NORTHEAST CORNER OF TORRE AVENUE AND PACIFIGA DRIVE
WHEREAS, the City Council through its Resolution No. 3630 has approved
the acquisition of real property located at the northeast corner of Torre
~ Avenue and Pacifica Drive commonly referred to as the "Musolinb 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
Parcel C at the stated price of $103,000 which option expires MArch 31, 1976;
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby exercises its
optioh~to purchase said Parcel C and suthorizes t~e 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.
PASSID AND ADOPTED at a regular meeting of the City Council of the City
of Cupertino on the 18th day o~ February, 1976, by the following vote:
Vote Members of the City Council ~
AYES: ~ Frolich~ Meyers~ Nellis, Jackson
NOES: ~ None
ABSENT: Sparks . .
ABSTAIN: None
APPROVID :
/s/ James~E. Jackson
Mayor, City of Cupertino
ATTEST:
/s/ Wm. E. Ryder
City Clerk ~
. ~ .