HomeMy WebLinkAboutAgenda Statement 1973/07/03 Item 07r ~ f
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Staff Commentary on Agenda Item No, 7
CHL7LA VISTA CITY COUNCIL MEETING OF July 3, 1973
Item Title: Resolution - Releasing that Certain Lien Recorded Against
Property Previously Owned by Marjorie Miles, Located at the Northeast
Corner of Center Street
Initiated by: City Attorney
Attached is a copy of Resolution ~ Xj Ord.~nance ~ '' ~° ~•
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BackgrQUnd:
On March 1, 1973, Mrs. Marjorie Miles sold the vacant property at the
northeast corner of Center Street and Fourth Avenue to Richard G. Zogob.
The installation of the public improvements on Center Street fronting
this property was required under the 1911 Block Act, Phase XII, approved
by the City Council on June 6, 1967. Robert I~4iles, now deceased, requested
a deferral of the installation of the improvements and entered into an
agreement to guarantee the installation. Richard Zogob, the new owner
of the property, has signed an agreement to replace the Miles' agreement,
and has posted a pledge of monies in the amount of $1900 to guarantee
the installation of improvements. The Zogob agreement was accepted by
Resolution 6816 on April 10, 1973.
Mr. Zogob has encountered a problem in effectuating construction loans
for said property due to the prior recordation of the Miles' agreement.
Therefore, it is necessary to release the lien recorded in the name
of Marjorie Miles.
Financial
Statement: n/a
Commission-Board
Recommendation: n/a
Department Head
Recommendation: Approval.
See EXHIBITS ~X ] No, 1
City Manager
Recommendation : Concur with Department Head
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