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HomeMy WebLinkAbout1986 070 CC RESO1986 070 CC RESO;¢fìøÀRESOLUTION NO. 86-70 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK COVENANTING DILIGENT PROSECUTION OF FORECLOSURE OF DELINQUENT ASSESSMENTS WITHIN ASSESSMENT DISTRICT NO. 86-1 WHEREAS, the City Council of the City of Baldwin Park, by Resolution No. 86-38 adopted June 4, 1986, declared its intention to order certain work, acquisitions and improvements to be made and to issue improvement bonds to represent unpaid assessments in Assessment District No. 86-1, all pursuant to the Municipal Improvement Act of 1913 and the Improvement Bond Act of 1915, as described in the resolution; and WHEREAS, Section 8830 b) of the California Streets and Highways Code authorized a legislative body issuing bonds under the Improvement Bond Act of 1915 to covenant, by resolution, to commence and diligently prosecute to completion and fore- closure action regarding delinquent installments 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; and WHEREAS, the Council, by the above resolution, also declared its intention to covenant, pursuant to such provision, for such diligent foreclosure; and NOW, THEREFORE IT IS HEREBY RESOLVED by the City Council of the City of Baldwin Park, California, as follows: SECTION 1. It is hereby covenanted by and between the City of Baldwin Park and the holders of the bonds to be issued by it for Assessment District No. 86-1 that in the event of delinquency in payment of any installment of an assessment then due and payable, the City Council shall cause court foreclosure proceedings, pursuant to Section 8830, et., seq./ of the Streets and Highways Code, to be commenced within 150 days of such delinquency and shall cause such action to be diligently prosecuted to judgment and sal©. APPROVED AND ADOPTED this 6th/day of August, 1986. /^ /^ c}^ ATTEST: /^^________ INDA L. GAIR, CITY CLERK BIB] 37847-U01 1986-U02 070-U02 CC-U02 RESO-U02 LI3-U03 FO2126-U03 FO20545-U03 DO20607-U03 C6-U03 RESO-U03 8/12/2003-U04 ROBIN-U04 1986 070 CC RESO;¢fìøÀResolution No. 86-70 Page Two STATE OF CALIFORNIA COUNTY OF LOS ANGELES SS: CITY OF BALDWIN PARK I, LINDA L. GAIR, City Clerk for the City of Baldwin Park, do hereby certify that the foregoing Resolution was duly and regularly approved and adopted by the City Council of the City of Baldwin Park at its regular meeting of the City Council on the 6th day of August, 1986 by the following vote: AYES: COUNCILMEN KING,GIBSON,I2ELL, MCNEILL AND MAYOR WHITE NOES: COUNCILMEN NONE_______________________________________ ABSENT: COUNCILMEN NONE ITINDA L. GAI^/ CITY CLERK BIB] 37847-U01 1986-U02 070-U02 CC-U02 RESO-U02 LI3-U03 FO2126-U03 FO20545-U03 DO20607-U03 C6-U03 RESO-U03 8/12/2003-U04 ROBIN-U04