HomeMy WebLinkAboutReso 1968-4836RESOLUTION T•d0. 4836
RESOLUTIOTtiT OF THE CITY COt'NCIL OF THE CITY OF CIiULA VISTA
ACCEPTING SUBORDII~'A.TION AGREEMENTS IN CONNECTION WITii THE
GRANTING OF CER'I`AIrI DRAINAGE EASEMFIv'1'S ILA EyCHANGE FOR TiiE
IMPROVEMENT OF A PORTIOTv OF i',ONITA ROAD
The City Council of the City of Chula Vista noes hereby
resolve as fellows:
LViiEF.EAS, by Resolution Tdo, 4818 acopted on the 2nd day of
July, 1968, the City Council of the City of Chula Vista approved. that
certain agreement between tiie City a.rd Richard R. and r~arian B. TN'ilson
anal Gordon and Elsa Marston Pettit, Owners, for the improvement of a
portion of Bonita F.oac: in exchange .f_ or the ctrarting of certain drainage
easements to the City of Chula Vista., ar-id
'v~HEREAS, Ste~~art Z'itle Compan~~ of Southern Califcr.nia. and
Phoenix Mutual Life Insurance Com~a.ny, holders of cbiigations secured
by deeds of trust on the r..,r.operty ~~r_anted by said. easements, have
executed agreements suborc'.i.r_ati.ng s~:~id interests to the easements
granted to the City cf Chula Vista.
rIOW, THEREFORE, BE IT RESOLVED that the City Council herehy
accepts the subordination agreements executed by Stewart Title Company
of Southern California ar_d Phoersix 1!4utual Life Insurance Company .
Bra IT FURTHER RESOLVED that the City Clerk of the City of
Chula Vista be, anc he is hereby authorized and directec to record
said subordination agreements in the office o.f. the County Recorder
of the County of San Diego.
Pr_esentec: by
i
L ne F. Director o~ Public
'f'orks
form t'Y
~'_",~.
ADOPTED AND APPROVED b;~ tT'ic CITY COUNCIL of_ the
VISTA, CALIFORTIIA, this 16th day of_ July ,
following vote, to-~,~it ;
AYES-
LIAYE S ~.
AL'SL;TTT
ATTEST
CITY OF CHULA
1968 e 1=`~ the
Councilmen. Sylvester, Hamilton, McCorquodale McAllister Scott
COLlY? C 1lznen NnnP
STATE OF CALIFOI~I~7IA
couNTY of sA*~ DIEGO ) ss .
CITY OF CFU.LA VISTA )
I - City Clerk_ of. the City
Vista, California, DO HEREBY CERTIFY that the above is a. full,
correct copy cf.. Resolution T]o. , anc? that the same hhas
amended or .r_epealed.. DATED
o.f Chula
true and
not been
City Clerk
Approved as to