HomeMy WebLinkAboutReso 2000-473 RESOLUTION NO. 2000-473
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING WAIVER OF THE LIEN PLUS
INDEBTEDNESS TO VALUATION RATIO PORTION OF
COUNCIL POLICY 505-03, APPROVING THE DEFERRAL
AND LIEN AGREEMENT, AND AUTHORIZING THE CITY
ENGiNEER TO EXECUTE THE LIEN AND DEFERRAL
AGREEMENT FOR 48 WALNUT DRIVE
WHEREAS, Property owners, Mario and Socorro Zugasti, have requested a deferral for
the installation of public improvements along their property at 48 Walnut Drive in Chula Vista in
the form of a lien deferral agreement; and
WHEREAS, Council Policy 505-03 requires property owners to meet a certain limit of
indebtedness to property value ratio in order to obtain deferrals in the form of lien deferral
agreements; and
WHEREAS, Mr. and Mrs. Zugasti do not meet these limits and have requested Council
to approve a waiver of the application of said policy to enable them to obtain a lien dcferral
agreement.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
does hereby waive the lien plus indebtedness to valuation ratio portion of Council Policy 505-03.
BE IT FURTHER RESOLVED that the City Council does hereby approve an Agreement
for the Deferral of the Installation of Certain Public Improvements in the City of Chula Vista and
lien securing the future installation of said improvements on the property owned by Mano
Zugasti, Socorro Zugasti and Mario E. Zugasti and Located at 48 Walnut Drive in the City of
Chula Vista, a copy of which shall be kept on file in the Office of the City Clerk.
BE IT FURTHER RESOLVED that the City Engineer is hereby authorized and directed
to execute the Lien and Deferral Agreement for 48 Walnut Drive.
Presented by Approved as to form by
J L M. Kaheny ~/~
Public Works Director
Resolution 2000-473
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
Califomia, this 19th day of December, 2000, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, and Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: Horton
Patt~yD~ayor
ATTEST:
Susan Bigelow, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2000-473 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 19th day of December, 2000.
Executed this 19th day of December, 2000.
Susan Bigelow, City Clerl~