HomeMy WebLinkAboutResolution - 2179 - Subordination Agreement- Richard & Gailyn Palmer- Rental Rehabilitation Project - 10/24/1985Resolution #2179
October 24, 1985
Agenda Item #27
MH:da
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized and
directed to execute for and on behalf of the City of Lubbock a Subordina-
tion Agreement subordinating the City's Deed of Trust lien on property
owned by Richard and Gailyn Palmer so that they may obtain refinancing and
further participate in the City's Rental Rehabilitation Program, which
shall be spread upon the minutes of the Council and as spread upon the
minutes of this Council shall constitute and be a part of this Resolution
as if fully copied herein in detail.
Passed by the City Council this 24th day of
ATTEST:
Rane to Boyd, City Secretar
APPROVED AS TO CONTENT:
Sandy Ogl�*tree,� ommunity Development
Administrator
APPROVED AS TO FORM:
/ `� Michele Hart, Assist Fit City Attorney
October 1985.
AL ENRY, AYOR