HomeMy WebLinkAbout87-075 - Resolutions RF. S0~UTIOR NO, 87-75
A RF~S~UTION OF TIlE CITY COUNCIL OF TIlE CITY OF RANCHO
CUCAI4ONGA, CiLIFOUlA, APPROVING A SUBORDINATION ACREI~4~iT
FROM M~r. VIN B. IKORNBLATT AND AUTHORIZING THE NAYOR AND CITY
CL~.RK TO SIGN SAI4R
I~HER~, a Real Property Improvement Contract and Lien Agreement for
the installation of off-si~e i~r~ents, includin~ curb, ~u~er and p~ent
was appr~ed by City ~uncil ~ Au~us~ 19, 1981, and recorded ~i San Bernardino
~y on October 29, 1981, InsUrgent No. 81-239169; and
~R~, for the d~eloper to secure financing for ~he project, ~he
lender requires tha~ the ab~e~en~ioned lien ~ subordinate ~o ~he lien in
f~or of the lender; and
~H~, the d~eloper has su~itted a Subordinate ~re~en~ ~o ~ha~
effec~ for the Ci~y*s appr~al and execution.
N~, ~E~RE, B~ IT R~VED by ~he City Council of ~he City of
~ncho Cucamonga, ~lifornia, ~h~t said Su~rdinate ~re~en~ be and the same
are hereby appr~ed and ~he ~yor is hereby authorized ~o si~ said
Subordination ~re~ent on behalf of ~he City of ~ncho Cucamonga, and the City
Clerk a~est thereto.
P~SED, ~OVED, and A~D ~his 18th ~y of February, 1987.
A~S: Bra, Buque~, S~out, King, ~rilht
NO~: None
~S~T: None
~nnis L, ~ou~, ~yor
A~ST:
B~erly ~ Authelet, City Clerk
I, B~Y A. ~T, CI~ ~E~ of the City of ~ncho Cucamonga,
~liforuia, do hereby certify ~hat the foregoing Resolution vas duly passed,
appr~ed, and adopted by the City ~cil of ~he City of ~ncho Cuca~onta,
~lifornia, at a regular meetln~ of s~id City ~uncil held on the 18th day of
Febr~ry, 1987.
~xecu~ed this l~th ~y of Febr~ry, 1987 at ~ncho Cucamon~a,
~lifornia.
B~erly ~. AutheleC, City Clerk