HomeMy WebLinkAboutReso. 1983 - 159 - Resolution concerning foreclosure of delinquint assessment liens a.3101NA,.
RESOLUTION NO. F� 7
RESOLUTION CONCERNING FORECLOSURE OF
DELINQUENT ASSESSMENT LIENS
Sunset West Assessment District No. 1981-4
The City Council of the City of Redding resolves:
1 . If any installment of the principal or interest of
any assessment levied in Sunset West Assessment District
No . 1981-4 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 fifty (150)
days following the date of delinquency.
2. This resolution is adopted as an inducement to the
purchase of improvement bonds to be issued in Sunset West
Assessment District No. 1981-4, and Paragraph 1 hereof shall
constitute a covenant to the bondholders.
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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 15th day of August 15, 1983.
AYES : Councilmembers Demsher. Fulton, Kirkpatrick, and Gard
NOES : Councilmembers None
ABSENT: Councilmembers None
ABSTAIN: Councilmembers Pugh
ETHEL A. NICHOLS, City Clerk, City of
Redding , Shasta County, California
By
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