CC Resolution No. 6772 • FtFS0I1JPI0N Np. 677~
A RF50LITIZON OF 2I~ GTPY OOUNQL OF Zi~ QTY OF QJPF~iTalp
AUI4i~RIZING 2i~ AOQUISITION OF RFAL PRDPEELPY OONSISTING
OF A RFSIO~I~IAL UNIT IACATID AT 19803 PDKI7~L PLAZA
IN ~ CITY OF RJPff~'a10, AND AI~PFiAPRIAT'a1G
$81, 600 FOR SAID PUi2~~SE
td~2F1~s, ths CitY, as required b5' the Helow Market Rata Proc~ram, has
established a proper prioe, in tha amo~mt of $80,793, for the putrha_sa of
an existir~q Helow r~irxet Rate r~esiaential awellirg unit bei~g resola.
Said unit is located at 19803 Fbrtal Plaza ar~d legally d~scribed as Iot
43, Tr~sCt 7039, aixi
WF~EtFAS, due to time limitations, it is in the best interest of the City
to aoquire said Halow Market Rate dwellir~g ~it so that it may, in a
timely nanner, be resold to a clualified Helaw Market Rate purrhaser, ard
Fh~RFAS, said aoquisitioal could total $81,600, including the puxr,hase
prioe at~d haneowr~er's dues.
NOP1~ ~ TT RFSOLUE~ that FObeLt W. Quinlan, CitY ~9~'~ ~
her~by authorized to apan an escirow with the apprc~priate title oasq~ariy and
aooa~g~lish the aoquisitiozs o! the above-described residential unit;
AND H~ IT FLI~ RFSOLVED tl~at Rcbert W. Quinlan is hereby authorized
to Eile appropriate instrvctio~s with aay amesrbnents de~~ad appropriate
ar~d talce anY SteP'e r~ssaLY to close said escttyw.
AND HE IT FCTKI~It RFSOLUEU that $81, 600 is herFl~y appropriatsd fma the
ges~eral f~d for said purchase.
PASSID AND ADOFTID at a re~qular meeting oP the City ~uticil of the City
of CUpertino this 18th day of February~ 1986~ by the follow371r3 vote:
~i ~ OF 2HE QTY (bUNCIL
A~~ Ga[[o, Johnson, Plungy, Rogera •
~ None
None
Sparka
APPRCIVE~:
~
JG " d~
~R
QTY OF QJPF~tPa10
A2'PFSP:
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CTTY CLFI2IC
CC19803RF5(B-2)lvm