HomeMy WebLinkAbout83-41 - ResolutionsRESOLUTION NO. 83-41
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, APPROVING A SUBORDINATION AGREEMENT FROM
MR. & MRS. MCINTURF AND AUTHORIZING THE MAYOR AND CITY
CLERK TO SIGN SAME
WHEREAS, a Real Property Improvement Contract and Lien Agreement for
th~ ~nstallation of curb, gutter, sidewalk, pavement and street lights along
Mulberry Avenue was approved by City Council on October 6, 1982 and recorded
in San Bernardino County on October 28, 1982, Instrument No. 82-215677; 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 6th day of April, 1983.
AYES:
Dahl, Buquet, Schlosser, Frost, Mikels
NOES: None
ABSENT: None
ATTEST:
Lauren M. Wasserman, City Clerk
Mayor