1976-139-Authorizing The Execution Of An Option Agreement For The Sale Of Town PropertyM
i
h
m
O
z
z
0
H
H
a
O
a
z
00
H
E W
za
W U)
x
ww
x
W E
H tx
O
z
H H
Nz
O W
pq
p Cal
�i
z z E
OE 0 f4
PW
H ,
D 0z
Oz w
w
awo
rcoE
q
k7
z
0
H
m
w
E
H
�p
�
>
rt
0
to
LW
0
V
O
m
C7
4O
.Q
a)
O
i4
O
ul
O
a)
0
O
L
O
a
a
E
o
E
LH
0
'H
.41
O
E
PZ
4J
m
O
m
m
C
3
a)
a)
a)
4-I
o
O
0
4a
0
4-)
5
is
u
O
°
s
0
4J
•H
o
a
m
Q)
-P
44
a)
3
4J
a)
+)
O
w
a)
a)
�
U
a)
U
O
U
N
b7)
r
O
O
4a
m
z
m
L
m
c
z
c
z
o
Q
>1
x
r�
U
�
U
+
m
Q
is
�
0
0
-P
10
J
o
-J
ro
N
rl
E
o
-P
+)
F
o
W
W
Q
o
W
5i
w
W
bi
q
-li
�4<
m
w
>
s
O
>1
,Sj
61
E
a
H
U
m
a
H
U
s
H
U
H
O
N
0
4J
q
�
+)
0
cn
a
m
>r
s:1
O
E
O
m
0
O
O
m
a
sQ
E
q
�
x
�
v
E
a)
q
U
o
a
.0
4-)
z
m
Q
ro
z
<
W
-P
o
w
N
w
4p
L
a
O
ro
4)
E
H
U)
o
44
Q
U)
ro
U)
Q
U]
U)
N
(Z
O
W
W
m
W
Z
.�
4
a)
o
W
m
+)
d
(d
4
a
+)
O
�a
°z
wa
4J
o
s4
Rf
i)
p.
N
U]
0
m
0
-P
O
a
4
O
q
k7
z
0
H
m
w
E
H
q PT I ( -IN � JW �RZFK-d 14 -71
By this option agreement, made. t4ovenber I 1�476,
WMW OF LOS GATOS, Optionor, and DAVIS Os CUR LEY, optio nib ,
agree:
1. Optionor is the owner of the land shown as Lot 5 on
the map of Tract No, 5867 recorded July 13, 1976 in Book 374,
pages 43 and 44, in the office of the Santa Clara County Recorder,
and referred to in this agreement as the lan&
2. Optionor grants to Optionee the right to purchase the
land on the terms provided in the agreement attached, marked
Exhibit I from 8030 a.m� an November 5. 1976 to 000 p=� on
February 6, 197.
3. Optionoe may not assign this agreement or his rights
under it.
4. As consideration for this option. Option has doliverod
to optionor a cashier's or certified check payable to optionor
receipt of which is acknowledged, for $175,00. Whether or not
the purchase described In this agreement occurs the sum shall be
retained by Optionor as consideration for the grant of this optivn
The sum shall not be applied to the purchase price,
5. Optionee may exercise this option by delivering to the
Town Manager of the Option or an agreement in the form shown in
Exhibit 1� properly executed by him as buyer, with the cash leposit
provided therein. optionor shall then execute that agreement, in
the manner and within the time provided therein and deliver it
to the escrow holder.
-I-
6. if option ee fails to exercise the option as provided in
this agreement the option shall automatically terminate without
notice to the optionee and all r gbts of the optione-e ara—sineq-
out of this option shall immediately cease.
ddte,dg-.--- 70AW OF LOS GATOS
5Y
Mlaror
M