HomeMy WebLinkAboutReso. 1981 - 194 - Concerning foreclosure of delinquent assessment liens - Patterson Tract Unit 2 Assessment District No. 1980-6RESOLUTION NO. c - 91
RESOLUTION CONCERNING FORECLOSURE OF DELINQUENT
ASSESSMENT LIENS
Patterson Tract Unit 2 Assessment District No. 1980-6
The City Council of the City of Redding resolves:
1. If any installment of the principal or interest of
any assessment levied in Patterson Tract Unit 2 Assessment District
No. 1980-6, 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 follow-
ing 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 Patterson Tract Unit 2
Assessment District No. 1980-6, 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 8th
day of September, 1981.
AYES: Councilmembers Demsher, Fulton, Gard, Kirkpatrick, and Pugh
NOES: Councilmembers None
ABSENT: Councilmembers None
ETHEL A. RICHTER, City Clerk,
City of Redding, Shasta County,
California