HomeMy WebLinkAboutReso. 1980 - 295 - Concerning foreclosure of delinquent assessment liens - Lake Blvd Subdivision Unit 5 Assessment District no. 1980-5PF
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RESOLUTION NO. 8U- -5
RESOLUTION CONCERNING FORECLOSURE OF DELINQUENT ASSESSMENT LIENS
Lake Boulevard Subdivision Unit 5 Assessment
District No. 1980-5
The City Council of the City of Redding resolves:
1. If any installment of the principal or interest of
any assessment levied in Lake Boulevard Subdivision Unit 5 Assessment
District No. 1980-5, City of Redding, Shasta County, California, be-
comes 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 Sec-
tion 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 pur-
chase of improvement bonds to be issued in Lake Boulevard Subdivision
Unit 5 Assessment District No. 1980-5 , 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 1st day of December, 1980.
AYES : Councilmembers Fulton, Gard, Kirkpatrick, and Pugh
NOES: Councilmembers None
ABSENT: Councilmembers Demsher
MILDRED L. BRAYTON, City Clerk,
City of Redding, Shasta County,
California
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