File #: 14-1670    Version: 1 Name:
Type: Report Status: Agenda Ready
File created: 8/11/2016 In control: City Council
On agenda: 8/16/2016 Final action:
Title: Agreement with J.R. Olsen Bonds & Insurance Brokers, Inc. to provide a bond required for a Deed of Trust in connection with the Purchase and Sale Agreement entered into between the Successor Agency and Gatwick, LLC
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.

Title

Agreement with J.R. Olsen Bonds & Insurance Brokers, Inc. to provide a bond required for a Deed of Trust  in connection with the Purchase and Sale Agreement entered into between the Successor Agency and Gatwick, LLC

Recommendation

The Successor Agency will consider the approval of an agreement with J.R. Olsen Bonds & Insurance Brokers, Inc. to provide a bond required by Civil Code Section 2941.7 because of the lack of a re-conveyance for a Deed of Trust encumbering title in connection with the Purchase and Sale Agreement entered into between the Successor Agency and Gatwick, LLC for the properties located at 4957 Sheila Street and 4800 Washington Blvd., in the City of Commerce.