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RESOLUTION NO. 95-22a:
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH
APPROVING SUBORDINATION AGREEMENT AND
AUTHORIZING SIGNATORY TO AGREEMENT
FOR ESPERANZA FORD, 244 CARLTON, UKIAH
WHEREAS, on February 25, 1988 the City of Ukiah agreed to loan Esperanza and
Randy Ford $8,000 for rehabilitation of their property at 244 Carlton, Ukiah, CA; and
WHEREAS, said loan was completed under the City of Ukiah Community
Development Block Grant Iow and moderate income housing program; and
WHEREAS, Esperanza Ford, now a single woman, is refinancing the subject property
and has requested the City's loan remain in the second position, and such action
is consistent with the CDBG program guidelines; and
WHEREAS, the City of Ukiah desires to continue meeting the goals and objectives of
the General Plan Housing Element by assisting Iow and moderate income housing.
NOW THEREFORE, BE IT RESOLVED that the City of Ukiah City Council does
hereby approve the Subordination Agreement to Esperanza Ford, for property at 244 Carlton
(Mendocino County Assessor Parcel Number 001-392-20), in the amount of $8,000, Exhibit
A to this resolution, and authorizes the City of Ukiah Director of Finance to execute same
agreement.
PASSED AND ADOPTED this 5th day of October, 1994 by the following roll call vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
C~hy I~a'Y, City ~/(~erk
rr~h:admin
RESOLUTION SUBORDINATION AGREEMENT
Councilmembers Malone, Mastin, Wattenburger, and Mayor Schneiter
None
Councilmember Shoemaker
,on
I~rc~d Schn~er, Mayor t