HomeMy WebLinkAbout82-201 - Resolutions RESOLUTION NO. 82-201
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, APPROVING A SUBORDINATION FROM MR. BONNEVILLE
AND AUTHORIZING THE MAYOR AND CITY CLERK TO SIGN SAME
WHEREAS, a Real Property Improvement Contract and Lien Agreement for
the installation of Street Improvements adjacent to Parcel 1 of Parcel Map
3213 was approved by City Council on February 1, 1982 and recorded in San
Bernardino County on March 19, 1982, Instrument No. 82-054480; 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 Subordination 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 1st day of December, 1982.
AYES: Dahl, Buquet, Schlosser, Frost, Mikeis
NOES: None
ABSENT: None
/~. Mikels, Mayor
ATTEST:
Lauren M. Wasserman, City Clerk