HomeMy WebLinkAboutAgenda Statement 1973/03/13 Item 06AGENDA ITEM N0. [ 6 ]
CHULA VISTA CITY COUNCIL MEETING OF: MARCH 13, 1973
ITEM T1TLE: Resolution - Releasing Liens on Certain Property Owned by
The Bonita Village Corporation in The Bonita
Valley Shopping Center
INITIATED BY
BACKGROUND
Director of Public Works/City Engineer
Council Resolutions 4861 and 5988 approved an agreement for the deferral
of improvements in public right-of-way and the deferral of the instal-
lation of ornamental street lights respectively on the subject pro ert
Both resolutions established a lien to secure future installation of said
improvements.
Both agreements contain in paragraph (3) the following statement:
"If this agreement has been recorded and thus a cash deposit is made, the
City may release said lien of record and hold this agreement or any new
agreement unrecorded as long as said cash deposit is left with the City".
Bonita Village Corporation made a cash deposit in the amount of $9535 on
March 6, 1973 (Engineering Fee Receipt No. 2648) with the City of Chula
Vista. This deposit fulfills the requirements of the agreements approved
by Council Resolutions 4861 and 5988 and thus the liens may be released
by the City upon the property owned by Bonita Village Corporation in the
Bonita Village Shopping Center. 3onita Village Corporation has requested
that said liens be released so that they may record their parcel map.
ATTACHED: Resolution [XJ Ordinance [ ] Agreement [ ] Plat [ ]
See EXHIBITS [X] No. ~
Financial Statement:
Cash deposit in the amount of $9535 (Engineering Fee Receipt No. 2648)
Commission-Board Recommendation:
N.A.
D~artment Head Recommendation:
That the liens be released upon those properties contained in the agree-
ments approved by Council Resolutions 4861 and 5988.
City Manager Recommendation: Concur
~CO ~~Sv