01-29-1992 - SpecialWednesday
January 29, 1992
SPECIAL MEETING
WEST COVINA CITY COUNCIL
AGENDA.'
5:30 pm
Council Chambers
Agenda material is available at the City Clerk's Office for review, Room 317 at
City Hall, 1444 W. Garvey Avenue. For sign language interpreter services at Council
meetings, please call (818) 814-8433 (voice) or (818) 960-4422 (TTY) between 8,am
and 5 pm Monday through Friday. Four working days notice is required.
ROLL CALL Jennings, Herfert, Manners, McFadden
I. ORAL COMMUNICATIONS
II. TRACT 32323, 32324, 42169 - SOUTH HILLS HOMES PARTNERSHIP -
SUBORDINATION AGREEMENTS
III
IV
Due to modification of the loan agreement between South Hills Homes
Partnership and the existing lender, Union Federal Bank, a revised
Deed of Trust was executed. In order to maintain the lunder'a priority
with respect to the City's Second Trust Deed, a Subordination Agree-
ment between the City and the developer is needed, including a revised
set -aside letter issued by the lender. Recommendation is to authorize
the Mayor and City Clerk to execute a subordination agreement with
South Hills Homes Partnership, and accept a new set -aside agreement
from Union Federal Bank, subject to provision of security for incomplete
improvements satisfactory to the City Engineer and City Attorney.
ACTION; Motion by 2nd by
to approve disapprove hold over
REVIEW OF WOODSIDE VILLAGE AREA FLOODING WATER QUALITY TEST RESULTS
This is an informational item requested by the City Council for the
opportunity to.meet with a representative of the Regional Water
Quality Control Board to review the results of the analysis of water
samples taken after the December 29, 1991, flooding incident in the
area of Amar Road and Azusa Avenue. No action is recommended on this
informational item.
CLOSED SESSION FOR PERSONNEL MATTERS COV. CODE SECTION 54957.6.
ADJOURNMENT Motion by 2nd by
to adjourn the meeting at
pm. I certify that copies of the
Council Agenda for the meeting
of / a9�9 were 7posted
Brown
in
accor'.an.a with the 1/87 Brown
Act Amendments.
Dated:�//a'
Office of the City Q ark