HomeMy WebLinkAbout85-06 - ResolutionsRESOLUTION NO. 85-06
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, APPROVING A SUBORDINATION AGREEMENT FROM
ALEXANDER AND JOYCE FRAZIN AND AUTHORIZING THE MAYOR AND
CITY CLERK TO SIGN SAME
WHEREAS, a Real Property improvement Contract and Lien Agreement for
the installation of curb, gutter, asphalt paving and appurtentant work along
Strang Lane was approved by City Council on March 7, 1984 and recorded in San
Bernardino County on March 27, 1984, Instrument No. 84-670438; 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 Raneho Cueamonga, and the
City Clerk attest thereto.
PASSED, APPROVED, and ADOPTED this End day of January, 1985.
AYES:
Wright, Buquet, Mikels, Dahl, King
NOES: None
ABSENT: None
ATTEST:
Beverly A~Auth~let, City Cler~'