HomeMy WebLinkAboutReso. 1980 - 058 - Concerning foreclosure of delinquent assessment liens - Castle Court Assessment District no. 1979-5 •
RESOLUTION NO. .J/O j f{
RESOLUTION CONCERNING FORECLOSURE OF
DELINQUENT ASSESSMENT LIENS
CASTLE COURT ASSESSMENT DISTRICT NO. 1979-5
The City Council of the City of Redding resolves :
1. If any installments of the principal or interest of any
assessment levied in Castle Court Assessment District No. 1979-5,
City of Redding, Shasta County, California, becomes delinquent, the
City Council shall cause the filing of an action in the Superior Court
of Shasta County 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 ninety (90) days following the date of
delinquency.
2. This resolution is adopted as an inducement to the
purchase of improvement bonds to be issued in Castle Court Assessment
District No. 1979-5, and Paragraph 1 hereof shall constitute a
covenant to the bondholders.
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 17th day
of March, 1980, by the following vote, to wit:
AYES: Councilmembers Kirkpatrick, Pugh, and Fulton
NOES: Councilmembers None
ABSENT: Councilmembers Gard and Demsher
MILDRED L. BRAYTON, City Clerk
City of Redding, Shasta County
California
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