HomeMy WebLinkAbout86-35 - ResolutionsRESOLUTION NO. 86-35
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, APPROVING A SUBORDINATION AGREEMENT FROM HILLAND
AND DONA BARNES 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, A. C. pavement, drive approach and street
lights along the frontage of 12715 Summit Avenue was approved by City Council
on May 16, 198~, and recorded in San Bernardino County on May 31,198~,
Instrument No. 84-127730; 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 ~be lender; and
W!tER~Ag, the developer has submitted a Subordinate ASreement Co that
effect for the City's approval and execution.
NOW, THEREFORE, BE IT RESCLVRD by the City Council of the City of
Rancho Cucamenga, California, chat said SubordinaCe Aareement 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, APPROVRD, and ADOPTED this 13th day of February, 1986.
AYES: Buquet, Mikels, Dahl, King
NOES: None
ABSEI~T: Wright
~Jon'Mikels, Mayor
ATTED T:
Authelet, City Clerk
I, BEVERLY A. AUTHKLET, CITY CLERK of the City of Rancbo Cucamonga,
California, do hereby certify that ~he foregoing Resolution was duly passed,
approved, and adopted by ~be City Council of ~be City of Rancbo Cucamonga,
California, a~ a special meeting of said City Council held on the 13th day of
FebruarT, 1986.
Executed this 14th day of February, 19~ at Rancho Cucamonga,
California.
Beverly AFAu~hele~, City Clerk