HomeMy WebLinkAbout86-41 - ResolutionsRESOLUTION NO. 86-41
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONCA, CALIFORBIA, APPROVlNC A SUBORDINATION AGREEMENT
FROM ERIC AND DENISE DUMONT, AND AUTHORIZINC TNE MAYOR AND
CITY CLERK TO SICN SAMg
WHEREAS, a Real Property Improvement Contract and Lien Agreement for
the installation of off-site improvesents along the frontage of property
located 12720 Amber Lane was approved by CitT Council on FebruaxT 19th,
and recorded in San Bernardlno County on March 3, 1986, Instrument No,
8~-05~90; and
HNEREAS, 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 A~reement to that
effect for the City's approval and execution.
NOH, THEREFORE, BE IT RESOLVED by the City Council of the City of
Rancho CucmmonSa, California, that said Subordinate A~reement be and the same
are hereby approved and the Mayor is hereby authorized to sign said
Subordination A~reement on behalf of the City of Rancbo Cucamonga, and the City
Clerk attent thereto.
PASSED, APPROVRD, and ADOPTED this 19th day of February, 1986.
AYES: Hright, Buquet, King
NOES: None
ABSENT: MikeIs, Dabl
ATTEST:
Beverly A. Autbelet, City Clerk.
Debra Adam, Deputy
I, BEVERLY A. AUTRELET, CITY CLERK of the City of Rancbo 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 19tb day of
February, 1986.