HomeMy WebLinkAboutReso. 1981 - 257 - Concerning foreclosure of delinquent assessment liens - Henderson Road Assessment District 1981-1a • •
RESOLUTION NO, S/ 1
RESOLUTION CONCERNING FORECLOSURE OF
DELINQUENT ASSESSMENT LIENS
HENDERSON ROAD ASSESSMENT DISTRICT 1981-1
The City Council of the City of Redding resolves:
1. If any installment of the principal or
interest of any assessment levied in Henderson Road
Assessment District 1981-1 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
Henderson Road Assessment District 1981-1, City of Redding,
Shasta County, Calfiornia, and Paragraph 1 hereof shall
constitute a covenant to the bondholders.
Cn.q, p'n n'n,
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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 2nd day of November, 1981.
AYES: Councilmembers Dpmchpr, Fulton. Card, Kirkpatrick, and-2Lgh
NOES: Councilmembers
ABSENT: Councilmembers
ETHEL A. RICHTER, City Clerk, City of
Redding, Shasta County, California
By�� Yom. Qom_ --
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