City Council

2. Substitution of Trustee and Deed of Reconveyance, and Cancellation and Release\nof Covenants, Conditions and Restrictions for Residential Compliance Program\nCase No. 17-09-13 (15660 Yates Rd., Victorville, CA 92395); as well as acceptance\nand reallocation of associated Program Income Funds\nThat Honorable City Council take the following actions regarding Residential\nCompliance Program Case No. 17-09-13:\n(1) Approve the Substitution of Trustee and Deed of Reconveyance;\n(2) Confirm the required Cancellation and Release of the original Covenants,\nConditions and Restrictions;\n(3) Authorize the execution of the Substitution of Trustee and Deed of\nReconveyance as well as the Cancellation and Release of the original Covenants,\nConditions and Restrictions by the Deputy City Manager;\n(4) Accept the payoff of the loan receivable to the Residential Rehabilitation\nProgram Income Account; and\n(5) Adopt Resolution No. 25-060, amending the annual budget for fiscal year 20252026 by reallocating the subject $3,700 Residential Rehabilitation Program Income\nfunds to the Residential Rehabilitation Program.