HomeMy WebLinkAbout87-094 - Resolutions ~SOLUTION NO. 87-94
A RESOLUTION OF T~E CITY COUNCIL OF T~E CITY OF RANCHO
CUCAMONGA, CALIFOHNIA, APPROVING A SUBORDINATION AGREEMENT
FROM DAVID AND DENISE M. MILLER AND AUTHORIZING T~E MAYOR
AND CITY CLESX TO SIGN SAME
WHEREAS, a Real Property Improvement Contract and Lien Agreement for
the installation of 1/2 the landscape median island on Archibald and the
landscaping of the existing island on Foothill Boulevard was approved by City
Council on November 16, 1983, and recorded in San Bernardino County on
February 8, 1984, Instrument No. 84-026936; and
WHEREAS, for the developer to secure financing for the project,
lender requires that the above-mentioned lien be subordinate to the lien
favor of the lender; and
WHEREAS, the developer has submitted a Subordinate Agreement to that
effect for the City's approval and execution.
NOM, T~EREFORE, BE IT RESOLVED by the City Council of the City of
Rancho Cucamonga, California, that said Subordinate 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 4th day of March, 1987.
AYES: Brown, Buquet, Stout, Wright
NOES: None
ABSl~T: King
Dennis L. Stout, Mayor
ATTEST:
Beverly A/. Authelet, City Clerk
I, BEVERLY A. ADTHELET, 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 4th day of
March, 1987.
Executed this 5th day of March, 1987 at Rancho Cucamonga, California.
Beverly A[ Authelet, City Clerk