HomeMy WebLinkAbout89-450 - Resolutions RESOLUTION NO. 89-450
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, APPROVING A SUBORDINATION
AGREEMENT FROM HENRY ALLEN AND DEBRA JUNE TAYLOR ALLEN
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 and recorded in San Bernardino County
on August 17, 1981, Instrument No. 81-182271; 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 4th day of October, 1989.
AYES: Alexander, Buquet, Brown, Stout, Wright
NOES: None
ABSENT: None
~~u t,~~or
ATT E ST:
I, DEBRA 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 4th day of
October, 1989.
Resolution No. 89-450
Page 2
Executed this 5th day of October, 1989 at Rancho Cucamonga,
California.
'{Debra J. A~s, City Cle~rk