HomeMy WebLinkAboutReso. 1981 - 215 - Concerning foreclosure of delinquent assessment liens - Western Oaks Estates Unit No. 1 Assessment District No. 1979-4RESOLUTION NO. S / ^ -Z /.5
RESOLUTION CONCERNING FORECLOSURE OF DELINQUENT
ASSESSMENT LIENS
WESTERN OAKS ESTATES UNIT NO. 1 ASSESSMENT DISTRICT NO.
.1979-4
The City Council of the City of Redding resolves:
1. If any installment of the principal or interest
of any assessment levied in Western Oaks Estates Unit No. 1
Assessment District No. 1979-4, 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 Western
Oaks Estates Unit No. 1 Assessment District No. 1979-4, City
of Redding, Shasta County, California, 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
21st day of September, 1981.
AYES: Councilmembers Demsher, Fulton, Gard, Kirkpatrick, and
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NOES: Councilmembers None
ABSENT: Councilmembers None
ETHEL A. RICHTER, City Clerk,
City of Redding, Shasta County,
California
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