File #: 14-2253    Version: 1 Name:
Type: Report Status: Agenda Ready
File created: 7/12/2017 In control: City Council
On agenda: 7/18/2017 Final action:
Title: Termination and Release of the Covenant Running with the Land and Grant Lien Agreement Entered Between the Former Redevelopment Agency and Rebecca Villanueva and Fernando Villanueva for Property Located at 2311 Ayers Avenue
Attachments: 1. SR_Lien Release_Villanueva, 2. Resolution, 3. Executed Covenant

Title

Termination and Release of the Covenant Running with the Land and Grant Lien Agreement Entered Between the Former Redevelopment Agency and Rebecca Villanueva and Fernando Villanueva for Property Located at 2311 Ayers Avenue

Recommendation

The Successor Agency will consider for adoption a Resolution approving the termination and release the Covenant Running with the Land and Grant of Lien Agreement entered between the former Redevelopment Agency and Rebecca and Fernando Villanueva upon their repayment of ten percent of the current grant payoff amount for the property located at 2311 Ayers Avenue in the City of Commerce.