CC Resolution No. 14-125 Approving the sale of surplus real property to Karkada and Vijay VasanhtaramResolution No. 14 -125
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RESOLUTION NO. 14 -125
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
APPROVING THE SALE OF SURPLUS REAL PROPERTY
TO KARKADA AND VIJAYA VASANTHARAM
LOCATED ON GREENLEAF DRIVE NEAR CASTINE AVENUE (APN 326 -41 -114)
AND AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY
DOCUMENTS TO COMPLETE THE SALE OF THE PROPERTY
WHEREAS, the City Council, in.a closed session meeting on November
4t'', 2014, had directed staff to negotiate the sale of City -owned surplus real
property located on Greenleaf Drive near Castine. Avenue (APN 326 -41 -114)
( "Property ") to Karkada and Vijaya Vasantharam; and
WHEREAS, in February of 2014, staff completed negotiations and the
property owners have signed a sale agreement for the Property, by and between
the City of Cupertino and Karkada and Vijaya Vasantharam ( "Agreement "),
subject to the approval of the City Council.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City
of Cupertino hereby approves the sale of the Property, to Karkada and Vijaya.
Vasantharam in the amount of $38,000, as set forth in the Agreement; and further
authorizes the City Manager to execute all of the necessary documents to
complete the sale of the Property.
PASSED AND ADOPTED at a regular adjourned meeting of the City
Council of the City of Cupertino on the 4th day of March 2014, by the following
vote:
Vote Members of the City Council.
AYES: Wong, Sinks, Chang, Mahoney, Santoro
NOES: None
ABSENT: None
ABSTAIN: None
,3
ATTEST: 3 APWWo'ng,
Grace Schmidt, City Clerk 3 �f 3 —C� Gillor, City of Cupertin