HomeMy WebLinkAbout1991-03-05; City Council; Resolution 91-744 * .-
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RESOLUTION NO. 9 1 - 7 4
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA APPROVING AND ACCEPTING THE PROMISSORY NOTE ANC
DEED OF TRUSTBETWEEN THE CITYOF CARLSBADAND PGP CARLSBAL
Sf NIORS. LTD.
WHEREAS, in 1986 a Senior Housing Project was approved and
constructed which allowed for a density bonus and reduced parking; and
WHEREAS, the applicant as conditioned, submitted a conversion plar;
and a agreed to name the City of Carlsbad as the holder of the second trust deed,
and
WHEREAS, Jefferson House, A General Partnership is selling thc
propem to PGP Carlsbad Seniors, LTD; and
WHEREAS, pursuant to the Senior Housing Ordinance, Section
21.18.0045, security required by the ordinance is transferrable upon sale so long
as the buyer agrees to abide by the terms of this ordinance and the conditional
use permit; 1
WHEREAS, the buyer has agreed to the terms of the ordinance.
NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council
of the City of Carlsbad as follows:
A) That the foregoing recitations are true and correct.
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B) That the City Council approves and accepts the Promissory Note and Deed
of Trust between the City of Carlsbad and PGP Carlsbad Seniors, LTD.
PASSED, APPROVED AND ADOPTED at a regular meeting of
the Carlsbad City Council held on the 5th day of arch I 7993 by the
following vote, to wit:
AYES: Council Members Lewis, Kulchin, Larson, Stanton and N~
NOES: None
ABSENT: None
CLAUDE A. LEWIS, MAYOR
ATTEST:
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ALETHA L. w\U
(SEAL)
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