HomeMy WebLinkAbout81-182RESOLUTION NO. 81-182
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA ANA COVENANTING DILIGENT
PROSECUTION OF FORECLOSURE
WHEREAS, the City Council of the City of Santa Ana, by
Resolution No. 81-119 adopted July 20, 1981, declared its
intention to order certain work, acquisitions and improve-
ments to be made and to issue improvement bonds to represent
unpaid assessments in Assessment District No. 246, all
pursuant to the Municipal Improvement Act of 1913 and the
Improvement Bond Act of 1915, as described in the resolu-
tion;
WHEREAS, Section 8830(b) of the California Streets and
Highways Code authorizes a legislative body issuing bonds
under the Improvement Bond Act of 1915 to covenant, by
resolution, to commence and diligently prosecute to comple-
tion any foreclosure action regarding delinquent install-
ments of any assessment which secure the bonds, and to
specify, by resolution, a deadline for commencement of such
foreclosures and such other terms and conditions regarding
it as the legislative body may determine to be reasonable;
WHEREAS, the City Council, by the above resolution,
also declared its intention to covenant, pursuant to such
provision, for such diligent foreclosure;
NOW, THEREFORE, BE IT RESOLVED AND ORDERED by the City
Council of the City of Santa Ana, State of California as
follows:
1. It is hereby covenanted by and between the City of
Santa Ana and the holders of the bonds to be issued by it
for Assessment District No. 246, that in the event of
delinquency in the payment of any installment of an assess-
ment then due and payable, the City Council shall cause
court foreclosure proceedings, pursuant to Section 8330 et
seq. of the Streets and Highways Code, to be commenced
within either 60 days of such delinquency, or within 60
days of receipt of a written demand by any bondholder whose
interest might be adversely affected by any delinquency, and
shall cause such action to be diligently prosecuted to
judgment and sale.
PASSED AND ADOPTED this
by the following vote:
2nd day of November ., 1981,
AYES:
NOES:
COUNCILMEMBERS:
COUNCILMEMBERS:
Acosta, Bricken, Griset, Luxembourger,
McGuigan, Serrato
Markel
ABSENT OR NOT VOTING:
COUNCILMEMBERS: None
Gora%~n"Br icken
Mayor, City of Santa Ana
ATTE ST:
APPROVED AS TO FORM:
CITY ATTORNEY