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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, 1 .14 • 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_ -- 2