HomeMy WebLinkAboutReso. 1980 - 127 - Concerning foreclosure of delinquent assessment liens - Wilsey-Willowbrae Assessment District no. 1979-2 410
RESOLUTION NO. ) _ y 7
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RESOLUTION CONCERNING FORECLOSURE OF DELINQUENT
ASSESSMENT LIENS
Wilsey-Willowbrae Assessment District No. 1979-2
The City Council of the City of Redding resolves:
1. If any installment of the principal or interest of
any assessment levied in Wilsey-Willowbrae Assessment District
No. 1979-2, 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 Wilsey-Willowbrae
Assessment District No. 1979-2 and Paragraph 1 hereof shall consti-
tute 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 2nd day
of June, 1980 .
AYES : Councilmembers Demsher, Fulton, Kirkpatrick, and Pugh
NOES : Councilmembers None
ABSENT: Councilmembers Gard
MILDRED L . BRAYTON, City Clerk,
City of Redding, Shasta County,
Cal ' ornia
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