HomeMy WebLinkAboutReso. 1980 - 200 - Concerning foreclosure of delinquent assessment liens - Mountain Lakes Industrial Park Unit no. 3 Assessment District no. 1980-2/1! 111
RESOLUTION NO. .6"o-1/0
RESOLUTION CONCERNING FORECLOSURE OF DELINQUENT
ASSESSMENT LIENS
Mountain Lakes Industrial Park Unit No. 3
Assessment District No. 1980-2
The City Council of the City of Redding resolves :
1. If any installment of the principal or interest of
any assessment levied in Mountain Lakes Industrial Park Unit No. 3
Assessment District No. 1980-2, City of Redding, Shasta County,
California, 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 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 Mountain Lakes Industrial Park
Unit No. 3 Assessment District No. 1980-2, 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 2nd day
of September, 1980.
AYES : Councilmembers Demsher, Fulton, Gard, Kirkpatrick, and Pugh
NOES : Councilmembers None
ABSENT: Councilmembers None
MILDRED L. BRAYTON, City Clerk, City of
Rhe ing, Shasta County, California
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