HomeMy WebLinkAbout16-158 - Resolutions RESOLUTION NO. 16-158
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, APPROVAL OF A
SUBORDINATION AGREEMENT FOR KEITH M. ARNOLD AND
YOLANDA M. ARNOLD, HUSBAND AND WIFE AS JOINT
TENANTS, FOR THE REFINANCING OF THE PROPERTY
LOCATED AT 6772 JASPER, APN: 0202-021-46-0-000
WHEREAS, the City Council of the City of Rancho Cucamonga, adopted Resolution
No. 16-020 accepting a real property improvement contract and a lien agreement for Keith M.
Arnold and Yolanda M. Arnold; and
WHEREAS, the real property improvement contract and lien agreement is required to be
subordinated prior to the owner's deed of trust note in favor of Home Bridge Financial Services,
Inc. be executed.
NOW,THEREFORE, be it resolved that the City Council of the City of Rancho Cucamonga
does hereby enter into a subordination agreement for the real property improvement contract and
lien agreement from Keith M. Arnold and Yolanda M. Arnold, and the Mayor is authorized to sign
this resolution and the City Clerk is hereby authorized and directed to cause Subordination
Agreement to be recorded in the office of the County Recorder of the County of San Bernardino,
State of California.
Resolution No. 16-158 — Page 1 of 2
PASSED, APPROVED, AND ADOPTED this 2151 day of September 2016.
AYES: Alexander, Kennedy, Michael, Spagnolo, Williams
NOES: None
ABSENT: None
ABSTAINED: None
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Michaelt
ATTEST:
4ce C. Reynolds, City • erk
I, JANICE C. REYNOLDS, 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 21St day of September 2016.
Executed this 22nd day of September 2016, at Rancho Cucamonga, California.
46142642
1 ice C. Reynolds, City Verk
Resolution No. 16-158 — Page 2 of 2