The Woodside Town Council has approved an agreement detailing how an angel investor will dismantle and rebuild Apple CEO Steve Jobs' Woodside home.

Jobs has long wished to demolish the 14-bedroom "Jackling House" he bought in 1984 and replace it with a smaller, modern home. After years of searching for someone to take the building off his hands and legal fights with preservationists, Jobs' attorney announced three weeks ago they had reached an agreement with Gordon Smythe, of Palo Alto-based Propel Partners.

On Tuesday, the council approved a three-way agreement between Jobs, Smythe and the town. The agreement says that Jobs will pay $604,800 to deconstruct the mansion, and Smythe will store the pieces of the home and put forward a "good faith effort" to find a new property and rebuild it. If he has not found a site within five years, parts of the home could be given back to the town.

The council voted 6-1 to approve the agreement, with Mayor Peter Mason dissenting. Council members said little about the agreement, asking a few questions mostly centered on the fate of the home's historic pipe organ. Smythe said he likely won't keep the organ, and city staff said the agreement would put property like that under the town's authority.

After the meeting, Smythe said his plans for the home will focus on preserving the original 10,000 square feet of the home built by architect George Washington Smith in 1925. A large addition to the home was built in 1931. He has said he wants the house because he is a fan of its architect, and plans to live there with his wife and three children.

Smythe said he originally began talking to Jobs' representatives about the house in October 2006, and spent about a year looking for a site for it. Smythe said he is waiting for agreements to be finalized before he renews the search.

While Tuesday's agreement is essentially the last approval the town needs to give, the debate will likely continue. A judge has given the preservation group Uphold Our Heritage until Aug. 3 to submit their objections to the agreement.