HomeMy WebLinkAboutCC RESO 91-166RESOLUTION NO. 91-166
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NATIONAL CITY AUTHORIZING THE MAYOR TO EXECUTE A
SUBORDINATION, ATTORNMENT AND NON -DISTURBANCE
AGREEMENT AND AN ESTOPPEL CERTIFICATE
PERTAINING TO THE POLICE DEPARTMENT ANNEX
WHEREAS, on March 8, 1991, the City of National City
entered into a lease of premises located in the Southport
Office Park for a police department annex; and
WHEREAS, Section 23 of said Lease provides that the
City will execute subordination agreements and similar
documents when requested by the landlord; and
WHEREAS, Southport Office Park, Ltd., the City's
landlord, has requested that the City execute a subordination
agreement and estoppel certificate, to facilitate the
refinancing of the property.
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of National City that the Mayor is hereby
authorized to execute a Subordination, Attornment, and Non -
Disturbance Agreement, as modified by the City Attorney,
between the City of National City, Southport Office Park,
Ltd., and Life and Casualty Insurance Company of Tennessee,
and an Estoppel Certificate. Said documents are file in the
Office of the City Clerk.
PASSED and ADOPTED this 13th day of August, 1991.
George H. Waters, Mayor
ATTEST:
Lo+i Anne Peoples, Cy Clerk
APPROVED AS TO FORM:
George H. Eiser, III
City Attorney