HomeMy WebLinkAboutCC RESO 9574RESOLUTION NG.
9574
RESOLUTION AUTHORIZING THE EXECUTION OF A
BENEFICIARY'S DEMAND AND ORDER FOR RECONVEYANCE
WHEREAS, the City of National City has sold to
Dale Building Company, a California corporation, certain
real property in the City of National City which is encum-
bered by a trust deed in favor of the City of National
City; and,
WHEREAS, the buyer, Dale Building Company, desires
to pay the balance remaining on the mortgage and deed of trust
and hold title free and clear of any rights of the City of
National City;
NOW, THEREFORE, BE IT RESOLVED that the Mayor and
the City Clerk are authorized to execute the beneficiary's
demand to the Title Insurance and Trust Company together with
an order for reconveyance of the note and deed of trust secur-
ing the note made by the Dale Building Company in favor of the
City of National City. The Mayor and City Clerk are further
authorized to execute any and all further and other documents
necessary to conclude the sale of city land by the City of
National City to Dale Building Company, a California corporation.
PASSED AND ADOPTED this 2nd day of April, 1968.
ATTEST: