HomeMy WebLinkAboutReso 099-97 Sub Security PM7109RESOLUTION NO. 99 - 97
A RESOLUTION OF ~ CITY COUNCIL
OF THE CITY OF DUBLIN
APPROVING SUBSTITUTION OF SECURITY FOR TRACT 6644
(PARCEL MAP 7109) ~ DOUGHERTY ROAD
WHEREAS, in February of 1994, the City Council approved the Final Map for Tract 6644 and
accepted a promissory note and deed of trust in the mount of $371,000 against Lot 3 of Tract 6644 as
security for construction ofimprovemems; and
WHEREAS, a portion of Tract 6644 was resubdivided as Parcel Map 7109; and
WHEREAS, the subdivider, J. Patrick Land, is requesting to substitute promissory notes and deeds
of trust totaling $259,000 against Parcels 2 and 4 of Parcel Map 7109; and
WHEREAS, the engineer's estimate of improvement cost has been reviewed by the City, and the
reduced amount is acceptable;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin hereby
approves the substitution of security related to Tract 6644.
PASSED, APPROVED AND ADOPTED this 5th day of Angust, 1997.
AYES:
NOES: None
ABSENT: Councilmember Howard
ABSTAIN: None
Councilmembers Barnes, Burton, LocMmrt and Mayor Houston
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Mayor
K2/G/8-5-97/reso6644. doc
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