HomeMy WebLinkAboutCC RESO 10,147RESOLUTION NO,. 10.147
RESOLUT ON AUTHORIZING EXECUTION OF A RECONVEYANCE
OF A PROMISSORY NOTE AND TRUST DEED. SECURING REAL
PROPERTY ON THE:EAST SIDE 'OF "A" AVENUE: BETWEEN.
28TH .AND. 29TH. STREETS.
BE IT :RESOLVED. by thq � ..ty eCouncil of the City
Citof National City that the Mayor/and the Director of Finance
are authorized and directed toexecute a reconveyance of a
promissory note in the amount of $21,4,28.64 and a trust
deed securing the same, ,cot=er.ing property commonly known as
"unimproved property on East side of "A" Avenue between 2.8th
and 29.th Streets", which trust deed is recorded in Book 1968,
File No. 154005, of official recordsof the .County Recorder
of San Diego County filed September 6, 1968,,said note and
trust deed running in favor of the City of National City.
Said reconveyance may be recorded if, on or before August
24, 1970,.,the Southland Savings .and Loan Association collects
and orders for the account of .the City of National City the
sum of $21,428..64,. wi.th..interest thereon at the rate of 6 per-
cent per annum from September: 13, 1.970.until the date of the
issuance of a check payable to the order of the City of National
City, drawn by said Southland Savings and Loan Association.
PASSED AND ADOPTED this 28th day of July,.1970.
ATTEST
a f°
CITY CLERK