HomeMy WebLinkAbout85-24 - ResolutionsRESOLUTION NO. 85-24
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, APPROVING A SUBORDINATION AGREEMENT FROM FRED
JANZ AND AUTHORIZING THE MAYOR AND CITY CLERK TO SIGN
SAME
WHEREAS, a Real Property Improvement Contract and Lien AgPeement for
the installation of Street Improvements along 9942 Almond Street was approved
by City Council on October 17, 1984 and recorded in San Bernardtno County on
October 25, 1984, Instrument No. 84-256175; 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 Counoil 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 Cuoamonga, and the
City Clerk attest thereto.
PASSED, APPROVED, and ADOPTED this 6th day of February, 1985.
AYES:
Wright, Buquet, Mikeis, Dahl, King
NOES: None
ABSENT: None
ATTEST: