HomeMy WebLinkAboutMINUTES - 07131993 - 1.113 TO: BOARD OF SUPERVISORS ontra
FROM: Barton J. Gilbert, Director of General Services
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DATE: July 13, 1993
SUBJECT: SUBORDINATION, NON-DISTURBANCE, RECOGNITION, AND ATTORNMENT
AGREEMENT FOR 1220 MORELLO AVENUE, MARTINEZ
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
I . Recommended Action: AUTHORIZE the Director of General
Services to execute a Subordination, Non-Disturbance,
Recognition, and Attornment Agreement with Lamorinda National
Bank, Arthur K. Baca, and Earl W. Baca for the premises at
1220 Morello Avenue, Martinez, California.
II . Financial Impact: The agreement does not have a financial
impact on the County.
III . Reasons for Recommendations/Background: This agreement
subordinates the County' s lease to a new mortgage in exchange
for the Lender' s acceptance of the obligations imposed on the
Lessor by the lease. The lease includes an Option to Purchase
the premises at a fixed price which will be protected by this
Subordination, Non-Disturbance, Recognition, and Attornment
Agreement.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S): Af
ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER
IV
VOTE OF SUPERVISORS
�\ 1 HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS(ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON T E DATE SHOWN.
Contact: Barton J. Gilbert (313-7100)
CC: County Administrator (via L/M) ATTESTED t .3 �� �/ 3
Clerk of the .Board (via L/M) PHIL BATC LOR,CLE OF THE BOARD OF
Lessor (Via L/M) SUPERVISORS AND COUNTY ADMINISTRATOR
County Counsel (via L/M)
Lamorinda National Bank (via L/M)
Mgr O/Teneral Services-L/M BY WAP:d DEPUTY
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Buildings and Grounds (via L/M) BacaAI .793