HomeMy WebLinkAboutReso. 1979-146 Concerning Foreclosure of Delinquent Assessment Liens - Chestnut Street Assessment District No. 1979-1 • s
RESOLUTION N0. '�g -/�G
RESOLUTION CONCERNING FORECLOSURE OF
DELINQUENT ASSESSMENT LIENS
CHESTNUT STREET ASSESSMENT DISTRICT NO. 1979-1
The City Council of the City of Redding resolves:
1. If any installment of the principal or. interest of
any assessment ledied in Chestnut Street Assessment District No.
1979-1, 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 assess-
ment 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 September 1 following the date
of delinquency.
2. This resolution is adopted as an inducement to the purchase
of improvement bonds to be issued in Chestnut Street Assessment District
No. 1979-1, and Paragraph l 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 20th day
of August, 1979, by the following vote, to wit:
AYES: Councilmembers Gard, Kirkpatrick, Pugh, and Demsher
NOES : Councilmembers None
ABSENT: Councilmembers Fulton
MILDRED L. SRAYTON, City Clerk
City of Redding, Shasta County,
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By: ���/.f 7�-�1i:� /, DeputY �0
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