HomeMy WebLinkAbout92-022 - Resolutions RESOLUTION NO. 92-022
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RAN~O
W]~LTAM R. AND DONA C. BARNES AND AUI~ORIZING THE MAYOR
AND CITY c~,FRK TO SIGN SAME
WHEREAS, a Real Property Improvement Contract and Lien Agreement for
the installation of off-site improvements, including curb, gutter, street
trees, street lights, sidewalk and asphalt pavement, was approved by City
Council on May 16, 1984 and recorded in San Bernardino County on May 31, 1984,
Instrument No. 84-127730; and
WHEREAS, for the property owners to secure financing for personal
reasons, the lender requires that the above-mentioned lien agreement be
subordinated to the lien in favor of the lender; and
WHEREAS, the property owners have suhnitted a Subordination Agreement
to that effect for the City's approval and execution.
NOW, THEREFORE, the City Council of the City of Rancho Cucamonga does
hereby resolve that said Subordination Agreement be and the same are hereby
approved and the Mayor is hereby authorized to sign said Subordination A~3ree-
ment on behalf of the City of Rancho Cucamonga, and the City Clerk attest
thereto.
PASS~D, APPROVED, and ADO~ this 5th day of F~h~uary, 1992.
AYES: Alexander, Buquet, Stout, Williams
NOES: None
ABS~T: Wright
Dennis L. Stout, Mayor
'D~br~ J. Ad~, City Clerk-
I, D~RA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga,
California, do hereby certify that the foregoing Resolution was duly passed,
approved, and adopted by the City Council of the City of Rancho Cucamonga,
California, at a regular meeting of said City Council held on the 5th day of
Fe~]~ry, 1992.
Resolution No. 92-022
Page 2
Executed this 6th day of February, 1992, at Rancho Cucamonga,
California.
'De~ra J. Ad__~s~, City Clerk