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HomeMy WebLinkAboutReso 82-191 - Concerning forclosure of delinquent assessment liens upper Churn Creek Sewer Assessment District No. 180-7RESOLUTION NO. RESOLUTION CONCERNING FORECLOSURE OF DELINQUENT ASSESSMENT LIENS UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT NO. 1980-7 The City Council of the City of Redding resolves: 1. If any installment of the principal or interest of any assessment levied in Upper Churn Creek Sewer Assessment District No. 1980-7, 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 one hundred twenty (120) days following the date of delinquency. 2. This resolution is adopted as an inducement to the purchase of improvement bonds to be issued in Upper Churn Creek Sewer Assessment District No. 1980-7, City of Redding, Shasta County, California, and Paragraph 1 hereof shall constitute.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 1st day of November, 1982. AYES: Councilmembers Demsher, Kirkpatrick, Pugh, and Gard NOES: Councilmembers Fulton ABSENT: Councilmembers None ETHEL A. NICHOLS, City Clerk, City of Redding, Shasta Coudty,iCalifornia By F,