HomeMy WebLinkAbout83-119 - ResolutionsRESOLUTION NO. 83-119
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, APPROVING A SUBORDINATION AGREEMENT FROM
ROLAND TAYLOR AND AUTHORIZING THE MAYOR AND CITY CLERK TO
SIGN SAME
WHEREAS, a Real Property Improvement Cont:.~ct and Lien Agreement for
the installation of a sidewalk along 8406 Orchard was approved by City Council
on May 12, 1981 and recorded in San Bernardino County on May 12, 1981,
Instrument No. 81-104021; and
WHEREAS, for the developer to secure financing for the project, the
lender requires that the above-mentioned lien be subordinate to the lien in
favor of the lender; and
WHEREAS, the developer has submitted a Subordinate Agreement to that
effect for the City's approval and execution.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Rancho Cucamonga, California, that said Subordinate Agreement be and the same
are hereby approved and the Mayor is hereby authorized to sign said
Subordination Agreement on behalf of the City of Rancho Cucamonga, and the
City Clerk attest thereto.
PASSED, APPROVED, and ADOPTED this 20th day of July, 1983.
AYES:
Dahl, Schlosser, Buquet
NOES: None
ABSENT: Frost, Mikels
Mayor Pro Tem ~
ATTEST: