CC Resolution No. 4382 RESOLUTION N0. 4382
~ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
EXERCISING OPTION TO PURCHASE PARCEL D OF REAL PROPERTY
FROM GINA, INC., A CORPORATION: SAID PROPERTY LOCATED AT
THE NORTHEAST CORNER OF TORRE AVENUE AND PACIFICA DRIVE
WHEREAS, the City Council through its Resolution No. 3630 has approved r
the acquisition of real property located at the northeast corner of Torre Avenue I
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 Parcel
D at the stated price of $96,000 which option expires March 31, 1977;
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby exercises
its option to purchase said Parcel D and authorizes the City Treasurer to issue
a warrant for said price.
PASSED AND ADOPTED at a regular meeting of the City Council of the City
of Cupertino this 22nd day of Febru~-~ , 1977, by the following vote:
Vote Members of the City Council
AYES: Frolich, Jackson, Nellis, 0'Keefe, Meyers
NOES: None
ABSENT: None
ABSTAIN: None
APPROVED:
/s/ Robert W. Meyers
Mayor, City of Cupertino
ATTEST:
/s/ [Jm. E. Ryder
City Clerk