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1988 AGN SEP 06 AGN I14
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1988 September 06 Agenda Packet
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1988 AGN SEP 06 AGN I14
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of Tract No. 12637 abuttingthe San <br />Bernardino ardino F <br />wildflowers. reeway (I -10y, with <br />2. Notwithstanding any requirement to the contrary in the <br />original Agreement between City and Subdivider, Subdivider need not <br />complete the installation of the remaining landscaping improvements <br />required by City in said original Agreement prior to building <br />occupancy in said Tract No. 12637 and then only along that lot upon <br />which the occupied building is located and along that portion of any <br />public right-of-way abutting and adjacent to such lot. <br />I <br />3. City hereby consents to a $200,000 reduction of the <br />set-aside letter from Subdivider's lender and a modification o the <br />terms .of the set-aside letter so that it no longer secures the <br />installation of the landscaping portion of the Improvementork. <br />4. The date upon which Subdivider shall be obligat d to <br />complete all. Improvement Work other than landscaping �shal be <br />extended by one (1) year to the first anniversary of the deadline for <br />the completion of such work set forth in said original Agreement <br />5. Except as modified by this Amendment of Agreement ,the <br />original Agreement between City and Subdivider shall remain in full <br />force and effect and is hereby ratified and confirmed. <br />IN WITNESS WHEREOF,, the parties hereto have execiuted this <br />Amendment the day and year in this instrument first above written. <br />CITY OF COLTON, a California <br />municipal corporation <br />By <br />Y <br />Ma or <br />Attest: 4&")a <br />City Clerk <br />CROSSROADS TRADE CENTRE LTD., <br />a California limited partnership <br />By: COMMUNITY NATIONAL CORPORATION, <br />a California corporation <br />Its General Partner <br />By °U_ <br />12us <br />s E. HLate, Prside t <br />SIL <br />ill <br />I, <br />2 <br />SUBAGMT.AMD - 83088 _ <br />
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