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HomeMy WebLinkAbout1981-027 , .' . < San Bernardino 60,009-2;I.-3 . RESOLUTION NO. PJ-d?7 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO CONCERNING FORECLOSURE OF DELINQUENT ASSESSMENT LIENS ASSESSMENT DISTRICT NO. 5861 THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO DO HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: section 1. If any installment of the principal or interest of any assessment levied in Assessment District No. 5861, City of San Bernardino, California, becomes delinquent, the Mayor and Common council shall cause the filing of an action in the superior Court of the County of San Bernardino to foreclose the lien of the delinquent assessment pursuant to the authority . given in section 8830, et seq., of the Streets and Highways Code of the State of California. This action shall be filed not later than sixty (60) days following the date .of delin- quency. section 2. This resolution is adopted as an inducement to the purchase of improvement bonds to be issued in Assessment District No. 5861, and Paragraph 1 hereof shall constitute a covenant to the Bondholders. U50 (ab) 1/15/81 , f _ , ' r , ,~ San Bernardino 60,009-21-1 . I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Mayor and Common Council of the City of )f!! day of ~ San Bernard" wit: AYES: NAYS: ABSENT: ~ meeting thereof, held on the , 1981, by the following vote, to Councilmen: ~~~~ fl;Lt4 ;fb"7 ,W~~ ~(~JI/i,J ~/UW~ /' City Clerk Th oregoing Resolution is hereby approved this ~I day of APPROVED AS TO FORM: , 1981. n Bernardino ~~~ P21 (ap) 1/15/81 -2-