HomeMy WebLinkAbout85-09 - ResolutionsRESOLUTION NO. 85-09
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, APPROVING A SUBORDINATION
AGREEMENT FROM JOHN OLSEN JR AND AUTHORIZING THE MAYOR
AND CITY CLERK TO SIGN SAME
WHEREAS, a Real Property Improvement Contract and Lien Agreement for
the installation of curb, gutter, asphalt paving and appurtenant work along
Bella Vista Drive was approved by City Council on February 17, 1984 and
recorded in San Bernardino County on February 23, 1984, Instrument No. 84-
042177 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
Ranoho 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 Ranoho Cucamonga, and the
City Clerk attest thereto.
PASSED, APPROVED, and ADOPTED this 16th day of January, 1985.
AYES:
Wright, Buquet, Mikels, Dahl, King
NOES: None
ABSENT: None
ATTEST:
lS, Mayor
Authelet, City Clerk