HomeMy WebLinkAboutAgenda Statement 1975/02/18 Item 11• .
' AGENDA ITEM N0. [ 11
CHULA VISTA CITY COUNCIL MEETING OF: February 18, 1975
ITEM TITLE: Resolution - Releasing Lien in the Amount of $3,161
Against Property Owned by George W. Trusty at 722
Hilltop Drive in said City
INITIATED BY: City Attorney
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The Bank of America has requested that a lien be released
in order to clear title to permit the closing of escrow for
property located at 722 Hilltop Drive.
This office has explained, first of all, that the so-called
lien is not in fact a lien, but rather a reimbursement agree-
ment for the construction of sewer facilities in the 700 block
of Hilltop Drive and, secondly, that reimbursement has been made
so that there are no monies owing from any residents in that
block on Hilltop Drive.
However, the title company does not find this satisfactory and
in order to facilitate the transfer of the sale of this property,
a lien release has been prepared, which when recorded will allow
the escrow to close.
ATTACHED: Resolution [X]
Financial Statement: N/A
Ordinance [ ]
Agreement [ ] Plat [ ]
See EXHIBITS ~C] No. 1
Commission-Board Recommendation
Department Head Recommendation:
N/A
Approval of Resolution
City Manager Recommendation: Concur
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