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HomeMy WebLinkAboutAgenda Statement 1975/04/01 Item 07. - • AGENDA TTEM N0. [ 7 CHULA VISTA CITY COUNCIL MEETING OF: April 1, 1975 ITEM TITLE: Resolution - Approving Agreement for the Deferral of the Installation of Public Improvements for Property Located at 33 Third Avenue INITIATED BY: u n rYr_~ni TrTn City Attorney The Director of Planning is prepared to approve a tentative parcel map for property located at 33 Third Avenue. In order to exercise approval, it is necessary that all public improvements either be installed or that there is adequate security to insure the installation of said improvements. The property owner has executed the attached agreement guaranteeing the installation of the improvements and has posted a faithful performance bond in the amount of $5,000 to secure their installa- tion within six months. ATTACHED: Resolution [X] Financial Statement: N/A Commission-Board Recommendation Department Head Recommendation Ordinance [ ] N/A Agreement [X] Plat [ ] See EXHIBITS ~X~ No. 1 Approval of Resolution City Manager Recommendation: Concur ~~ ~~ NOTICE OF COMMENCEMENT SAFECO TITLE INSURANCE COMPANY OF TRUSTEE'S SALE (~ `'''~ J PROCEEDINGS `"" ~ ~. ~.~ Date November 8, 1976 T. S. No. 76-297 Chula Vista, CA. 92012 Re: Your Record Interest in an agreement between the City of Chula Vista and Hart & Sons for the deferral of the installatio n of public improvements on said land as recorded April 7, 1975 as File No. 75-078596. Reference is hereby made to said document for full particulars. Enclosed is a copy of the Notice of Default and Election to Sell under Deed of Trust. As a courtesy this company is notifying interested parties of an impending trustees sale. Three months after the recordation of the Notice of Default and Election to Sell under Deed cf Trust in the office of the County Recorder the property described therein may be advertised for sale. .~ SAFECO TITLE INSURANCE COMPANY a corporation Trustee ~ C,:7 ~ ~ ....~ ~ , ~ B n ~ o t.~ y Sally R Clark r.~, ~ '~ t '"'~' Trustee's Sale Officer %=~` w . . ~t. o ~'' -_- a ~ ~ N ~.. C'1-i -- Cn 2a ,~- , ~ ~ - / RECORDING F;EQUEST,ED BY SAFECO TITLE INSURANCE COMPANY 1549 AND WIZEN RECORDED MAIL TO E ~SAFECO TITLE INSURANCE COME'ANY P .O . Box 1590 R~83 San Diego, CA 92112 ~Attn :.Sally R. Clark ~. ~~ ~ '76-X36166 QOOK ~ ~~ O C T 13 8:00 AM'76 oFFIaA1 I~os SAN DIE60 COUNlY, CALIF. lf1AULEY F. eL00N ~ooAO~ s4.0o ~~ _~_ ~ S~J ~ I SPACE ABOVE THIS LINE FOR RECORDER'S USE _ NOTICE OF DEFAULT AND ELECTION TO SELL UNDER DEED OF TRUST NOTICE IS HEREBY GIVEN: That SAFECO TITLE INSURANCE COMPANY, a corporation, is Trustee under a Deed of Trust dated February 8, 1974 executed by SOUTH BAY COURT CLUB, a limited partpership as Trustor, to secure obligations in favor of see Exhibit "A" attached as beneficiary recorded June 20, 1974 as document no. 74-165140 in book 1974 Paget of Official Records in the office of the Recorder of San Diego County, California, describing land therein as: per Deed of Trust including one note for the sum of $ 15,000.00 said obligations That the beneficial interest under such deed and the obligations secured thereby are owned by the undersigned; That a breach of, and default in, the obligations for which such deed is security has occurred in that payment has not been made of: The monthly installment of principal and interest due May 20, 1976 and subsequent installments due thereafter; any and all sums advanced by Beneficiary under the terms and provisions o>~ said Deed of Trust; any delinquent taxes, assessments or insurance premiums; any delinquent payments accruing under a prior encumbrance. That by reason thereof, the undersigned, present beneficiary under such deed, has executed and delivered to said Trustee a written Declaration of Default and Demand for Sale, and has deposited with said Trustee such deed and all documents evidencing obligations secured thereby, and has declared and does hereby declare all suns secured thereby immediately due and payable and has elected and does hereby elect to cause the trust property to be sold to satisfy the obligations secured thereby. NOTICE You may have the right to cure the default described herein and reinstate the mortgage or deed c}F trust. Section 2924c of the Civil Code permits certain defaults to be cured upon the payment cf the amounts required by ttrat section without requiring payment of that portion of principal anti interest which would not be due had no default occurred. Where reinstatement is possible, if the default is not cured within three months following the recording of this notice, the right of reinstatement wil! terminate and the property may be sold. To determ~r~;; if reinstatement is possible and the amount, if any, necessary to curs the d,~fa+alt, c~~nrai:: the beneficiary or mortgagee or their successors, in interest, whose name and address as of the date of this notice- is Name Lee P . Hart 33 Third Avenue Address Chula Vista, CA 92010 Dateds 0 tober 5, Zeonard tt~ggins ~,-~ Title Order No. _ __ - f v~ /~ TS-5 AaCB IG.S.) 7-7q T.S. No. 76-29 7 __ - '~~ ~''1 ~, i t~IT111ilNC • ^ .,~ ~a Vice F'RC.ic:ent J~l__ -- --------- arles Whitehe~ _r _ ---= ----~/y~- ir.n wO~~r--~==~3crQ 'y.~d- /sue -':.~ i l`_ ..I 1i , i~ 155U EXEIIBIT "A" WILLIAM WHITEHEAD, a married man, undivided 1/4 interest, CHARLES WHITEHEAD, a married man, an undivided 1/4 interest, LEONARD HIGGINS, a married man, undivided 1/4 interest and HART & SONS, undivided 1/4 interest. _~ , r I /