HomeMy WebLinkAboutReso. 1983 - 050 - Resolution concerning foreclosures of delinquent assessment liens victor avenue and other streets sewer assessment district no. 1982-5 A, II/ 4IP
RESOLUTION NO. g:)-Jr-0
RESOLUTION CONCERNING FORECLOSURE OF
DELINQUENT ASSESSMENT LIENS
VICTOR AVENUE AND OTHER STREETS SEWER ASSESSMENT DISTRICT NO. 1982-5
The City Council of the City of Redding resolves:
1. If any installment of the principal or interest of
any assessment levied in Victor Avenue and Other Streets Sewer
Assessment District No. 1982-5 becomes delinquent, the City
Council shall cause the filing of an action in the Superior
Court of the County of Shasta to foreclose the lien of the
delinquent assessment pursuant to the authority given in Section
8830 and following of the Streets and Highways Code of the State
of California. This action shall be filed not later than one
hundred twenty (120) days following the date of delinquency.
2. This resolution is adopted as an inducement to the
purchase of improvement bonds to be issued in Victor Avenue and
Other Streets Sewer Assessment District No. 1982-5 and Paragraph
1 hereof shall constitute a covenant to the bondholders.
ITOGNAL
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I HEREBY CERTIFY that the foregoing resolution was
duly and regularly adopted by the City Council of the City of
Redding , Shasta County, California, at a regular meeting
thereof, held on the 7th day of March, 1983.
AYES: Councilmembers Fulton, Kirkpatrick, Pugh, and Gard
NOES: Councilmembers None
ABSENT: Councilmembers Demsher
ETHEL A. NICHOLS, City Clerk, City of
Redding, Shasta County, California
By r i�
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