CC Resolution No. 6389
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i RESOLUTION NO. 6389
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A RE50LUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING THE ACQUISITION OF REAL PROPERTY CONSISTIN6
OF A RESIDENTIAL UNIT LOCATED AT 19803 PORTAL PLAZA
IN THE CITY OF CUPERTINO.
~ WHEREAS, the City, as required by the BeloH Market Rate
~ Program, has established a proper price~ in the amount of
~ 577,046, for the purchase of an existing Below Market Rate
residential dwelling unit being resold. Said unit being located
at 19803 Portal Plaza and legally described as Lot 43, Tract
il 7039, and
j WHEREAS, due to time limitations, it is in the best
! interest of the City to acquire said Below Market Rate dwelling
~I unit so that it may, in a timely manner, be resold to a qualified
Below Market Rate purchaser;
' NOW, THEREFORE, BE IT RESOLVED:
That Robert W. ~uinlan, City Manager, is hereby authorized
to open an e~crow with the appropriate title company and
: accomplish the acquistion of the above-described residential
unit;
BE IT ~URTHER RESOLVED:
That Robert W. Quinlan is hereby authorized to file
appropriate instructions with any amendments deemed appropriate
and take any steps necessary to close said escrow.
PASSED AND ADOPTED at a special meetinq of the City Council
of the City of Cupertino this 25th day of July, 1984, by the
following vote:
Vote Members_of_the_City_Council
AYES: Rogers, Sparks, Plungy
NOES: None
ABSENT: Gatto, Johngon
ABSTAIN: None
APPROVED:
or, i ty of Cu r
ATTEST:,
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~~tcr~.Y~ v'~re_
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City Clerk~f