HomeMy WebLinkAbout03-038 - Resolutions Recorded In official Records, County of San Bernardino 11123 PM
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RECORDING REQUESTED BY:
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CITY OF RANCHO CUCAMONGA poc#: 2003-0163439 Fees 0.eo
Titles: 1 Pages: 4
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WHEN RECORDED MAIL TO: IIIIIIIIIIIIIIIIIIIIIII
City Clerk
City of Rancho Cucamonga
P.O. Box 807
Rancho Cucamonga, CA 91729
RESOLUTION NO. 03-038
RESOLUTION OF RELEASE
(DR 85-08)
Title of Document
r;
RESOLUTION NO. 03-038
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, RELEASING AN
AGREEMENT FOR REIMBURSEMENT OF PUBLIC
IMPROVEMENTS (UNDERGROUNDING OF UTILITIES URA-
003) FOR DR 85-48, GOLDEN WEST EQUITIES PROPERTIES,
INC.
WHEREAS, the City Council of the City of Rancho Cucamonga adopted
Resolution No. 89-451 approving an Agreement for Reimbursement of Public Improvements
(Undergrounding of Utilities URA-003) for the project DR 85-48 by Golden West Equity
Properties, Inc.; and
WHEREAS, said agreement for Reimbursement of Public Improvements was
recorded in Official Records of San Bernardino County, California, on November 20, 1989, as
Document No. 89-439169; and
WHEREAS, said Agreement of Reimbursement for Public Improvements for
Undergrounding Utilities is no longer needed, as a request for release has been received and
statement of full payment being made for the benefiting parcels, APN's (209-151-28 thru 32),
(see attached Exhibit "A").
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Rancho Cucamonga does hereby release said Agreement for Reimbursement of Public
Improvements for (Undergrounding of Utilities URA-003) for the Project DR 85-48 by Golden
West Equity Properties, Inc., and that the City Clerk shall cause this Resolution of Release to be
recorded in the office of the County Recorder of San Bernardino County, California.
Please see the following page
for formal adoption,certification and signatures
Resolution No. 03-038
Page 2 of 3
PASSED, APPROVED, AND ADOPTED this 19'h day of February 2003.
AYES: Alexander, Gutierrez, Howdyshell, Kurth, Williams
NOES: None
ABSENT: None
ABSTAINED: None
l.�
William J. Ales nder, Mayor
ATTEST:
L.
Debra J. Adams, CM , City Clerk
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho 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 19`h day of February 2003.
Executed this 201h day of February 2003, at Rancho Cucamonga, California.
Debrh J. Adams,.GW, City Clerk
Resolution No. 03-038
Page 3 of 3
Golden West Equity Properties, Inc.
c/o Master Development Corporation
1401 Quail Street,Suite 100
Newport Beach,CA 92660
February 3,2003
City of Rancho Cucamonga
Engineering Division
10500 Civic Center Drive
Rancho Cucamonga,CA 91730
Attn: Ms. Vickie Chilicki
Re: Full Satisfaction of Payment
Agreement for Reimbursement of Public Improvements
(Underground Utilities)—NEC Hellman&7`s Street
Project: DR 8548;Document No.89439169
This letter is written to notify the City of Rancho Cucamonga that the undersigned Developer,
Golden West Equity Properties,Inc.,has received payment in full under the terms of the above
referenced agreement. All Benefit Parcels(APN 209-151-28,29,30,31,&32),which were due to
reimburse Developer at the time said adjacent parcels themselves are subdivided or developed,
have made payment directly to Developer from Hellman Industrial Park,a limited partnership.
Therefore,the City's obligation to collect any monies due Developer under the referenced
agreement are no longer required.
Please process and issue a City Release of this Reimbursement Agreement and forward a copy to
me as soon as possible. Should you have any questions,please call me at(949)724-8886 ext.
227.
Very truly yours,
Golden West Equity Properties, Inc.
Bruce McDonald
President
cc: Mr. Terry Antonnelli, L'Opera Restaurant
Mr. Russ Romero,First American Title Insurance Company
(Re: Escrow No.ADAM 1133)
Exhibit"A"
H: RK*bl 001 West Epitffd uary3