HomeMy WebLinkAboutAgenda Statement 1980/08/05 Item 10
COUNCIL AGENDA STATEMENT
I tern" ;ro
Meeting Date 8/5/80
ITEM TITLE: Resolution/~~/~ Approving agreement for substitution of Parcels
2 and 3 for Parcel 4 at 178 First Avenue as security for the in-
stallation of certain public improvements
SUBMITTED BY: City Attorney
(4/5ths Vote: Yes
No~)
BACKGROUND:
This would substitute Parcels 2 and 3 at 178 First Avenue for Parcel 4
at the same address to carry a lien to secure the installation of public
improvements.
RECOMMENDATION: That the City Council approve the agreement.
BOARD/COMMISSSION RECOMMENDATION: N/A
DISCUSSION:
C. Calvin Jeter and John G. Winner, through Kathy McKeever of Central
Federal Bank, desire that Parcel 2 and 3 at 178 First Avenue be sub-
stituted for Parcel 4 at the same address to carry a lien to secure
public improvements. This would allow Mr. Winner to more easily borrow
money for the development of Parcel 4. C. Calvin Jeter, his wife, son
and daughter-in-law, all of whom have an interest in Parcels 2 and 3
have urged that this substitution take place.
This would in no way impair the security of the City or its ability
to require that the necessary improvements be installed. Since the
City is adequately secured, it would seem to be only reasonable to
accommodate all of the property owners in this case.
FISCAL IMPACT: N/A
~
by the City Council of
Chula Vista, CJlifornia
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Dated
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Form A-113 (Rev. 11/79)
EXHIBITS
Agreement~ Resolution~ Ordinance____ Plat____ Notification List
Other
ENVIRONMENTAL DOCUMENT: Attached
Submitted on
Office of
JENNIE M. FULASZ, CITY CLERK
City Ob ChuQa q;~ta
CALIFORNIA
Date:
To:
Subject:
( ) Resolution No.
( ) Ordinance No.
You will find enclosed a certified copy of the City Council
document approved at the meeting of
~~
JENNIE M. FULASZ, CMC
City Clerk
Enclosures
STAR NEWS: P.ie.ct6e. pubwh :t1U-o doc.ume.n.:t 011
al1d ~e.l1d ~ a c.opy 6o~ o~ O~dil1al1c.e. BOOQ.
RECORVER: P.ie.ct6e. ~e.c.o~d ~o.id doc.ume.n.:t Md ~e.:t~11 a :to ~ aX yo~
e.an.ti~:t C.Ol1ve.I1ie.I1C.e..
A.t6o el1ci..o~ed --L6 :the ORIGINAL c.OPY 06 :the ag~ee.me.VL:t. Ple.ct6e. have a
e.xe.c.ute.d Md ~e.:tMl1 :to :tIU-6 06 Mc.e..
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276 Fourth Avenue, Chula Vista, CA 92010 (714)575-5041
CC-685(Rev.10/77)