HomeMy WebLinkAbout89-017 - Resolutions RE~DLUTIC~NO. 89-017
A RESOLUI~ON OF ~HE CiTf COL~CIL OF THE C±TY OF RANCHO
FRC~ I~0IAND L. AND CARDLYN A. TAYLOR AND AUTHORIZING THE
MAYOR AND c±'~'~ ~.k-~KTO SIGN SAME
WHfREAS, a Real Property Improvement Contract and Lien Agreement for
the installation of sidewalk along Orchard Street was approved by City Council
on May 7, 1981, and recorded in San Bernard/no County on May 12, 1981 Instrument
No. 81-104021; 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
WHfREAS, 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 does
hereby resolve that said Subordination Ac~ is approved and the Mayor is
authorized te sign said Subordination Agreement on behalf of the City of Rancho
Cucamonga, and the City Clerk to attest thereto.
PASSIm3, APPROVED, and ADOFI'~3 this 18th day of Jar,,~y, 1989.
AYES: Alexander, Brown, Buquet, Stout, Wright
NOES: None
Dennis L. Stout, Mayor
B~Verly A/Alfcb~let, City Clerk
I, BEVf~{LY A. AUT~.k~, ClTf CL~qK of the City of P~Tcho 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 18th day of
JaD~ ~y, 1989.
Resolution No. 89-017
Page 2
Executed this 19th day of Ja~!a~y, 1989 at Rancho O~camong~, California.
Beverl~A~ Authelet, City Clerk