HomeMy WebLinkAbout89-273 - Resolutions RESOLUTION NO. 89-273
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, APPROVING A SUBORDINATION
AGREEMENT FROM WEN-DA HSU AND CHANG LI-HUA HSU AND
AUTHORIZING THE MAYOR AND CITY CLERK TO SIGN SAME
WHEREAS, a Real Property Improvement Contract and Lien Agreement for
the installation of off-site improvements, including curb, gutter and pavement
was approved by City Council on August 19, 1981, and recorded in San
Bernardino County on October 29, 1981, Instrument No. 81-239269; 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 Subordination Agreement to
that effect for the City's approval and execution.
NOW, THEREFORE, the City Council of the City of Rancho Cucamonga,
California, does hereby resolve that said Subordination Agreement be and the
same are approved and the Mayor is 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 21st day of June, 1989.
AYES: Alexander, Brown, Stout, Wright
NOES: None
ABSENT: Buquet
Dennis L. Stout, Mayor
ATTEST:
Be,verly A. Authe,.~t,~City Clerk
I, BEVERLY A. AUTHELET, 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
June, 1989.
Resolution No. 89-273
Page 2
Executed this 22nd day of June, 1989 at Rancho Cucamonga, California.
- ,uever/y A. Au~let, City clerk