HomeMy WebLinkAbout83-46 - Resolutions RESOLUTION NO. 83-46
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, APPROVING A SUBORDINATION AGREEMENT FROM
MELVIN B. KORNBLATT AND AUTHORIZING THE MAYOR AND CITY
CLERK TO SIGN SAME
WHEREAS, a Real Property Improvement Contract and Lien Agreement for
the installation of off-site improvements along 10010 Almond was approved by
City Council on August 19', 1981 and recorded in San Bernardino County on
October 29, 1981, Instrument No. 81-239269; 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 the lender; and
WHEREAS, the developer has submitted a Subordinate Agreement to that
effect for the City's approval and execution.
NOW, THEREFORE, 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 20th day of April, 1983.
AYES: Dahl, Buquet, Schlosser, Frost, Mikels
NOES: None
ABSENT: None
I~ D. Mikels, Mayor
ATTEST: