HomeMy WebLinkAbout85-151 - ResolutionsRESOLUTION NO. 85-151
A RESOLUTION OF TaE CIrf COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, APPROVlNG A SUBORDINATION AGREEMENT FROM
ROBERT SMITH AND AUTHORIZING THE MAYOR AND CITY CLERK TO
SIGN SAME (12972 VICTORIA AVENUE)
WHEREAS, a Real Property Improvement Contract and Lien Agreement for
the installation of curb, gutter, drive approach, street trees and street
lights along Victoria Avenue was approved by City Council on November 7, 1984
and recorded in San Bernardino County on November 16, 1984, Instrument No.
84-276313; 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 Cueamonga, 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 15th day of May, 1985.
AYES:
Wright, Buquet, Mikels, Dahl, King
NOES: None
ABSENT: None
ATTEST:
/ ~
Beverly At Authelet, City Clerk
I, BEVERLY A. AUTHELET, 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 Counoil of the City of Raneho Cucamonga, at
a regular meeting of said City Council held on the 15th day of May, 1985.
Executed this 16th day of May, 1985 at Rancho Cucamonga, California.
Beverly ~. Authelet, City Clerk