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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br />ALAMEDA COUNTY, CALIFORNIA <br /> <br />RESOLUTION NO. 90-223 <br /> <br />RESOLUTION ORDERING JUDICIAL FORECLOSURE OF <br />DELINQUENT ASSESSMENTS PURSUANT TO THE <br />IMPROVEMENT BOND ACT OF 1915, AND ORDERING <br />THAT THE TAX COLLRCTOR BE CREDITED WITH THOSE <br />ASSESSMENTS <br /> <br />WHEREAS, <br /> <br />the City of Pleasanton ("City") has conducted special <br />assessment, reassessment and refunding proceedings from <br />time to time resulting in the issuance and sale of <br />improvement bonds ("Bonds") pursuant to the provisions of <br />the Improvement Bond Act of 1915 and the Refunding Action <br />of 1984 for 1915 Improvement Act Bonds (California <br />Streets and Highways Code Section 8500 et seq., and 950 <br />et seq.; collectively "1915 Act"); and <br /> <br />WHEREAS, <br /> <br />pursuant to the 1915 Act, the city has duly and regularly <br />issued and recorded the unpaid assessments and <br />reassessments (collectively "assessments"), which <br />assessments and each installment thereof and interest and <br />penalties thereon constitute liens against the lots and <br />parcels of land against which they were made, until the <br />same are paid; and <br /> <br />WHEREAS, <br /> <br />certain assessments and installments thereof have not <br />been paid when due, and certain installments of these <br />assessments may not be paid in the future; and <br /> <br />WHEREAS, <br /> <br />pursuant to resolution adopted prior to the issuance of <br />the Bonds, under the provisions of Section 8830(b) of the <br />California Streets and Highways Code, this City Council <br />has covenanted for the benefit of bondholders to commence <br />foreclosure actions in the Superior Court regarding <br />delinquent installments of any assessments which secure <br />the Bonds and to diligently prosecute such actions; and <br /> <br />WHEREAS, <br /> <br />under the provisions of Section 8833 of the 1915 Act, <br />when such foreclosure action is ordered, the county tax <br />collector is to be credited upon the assessment roll then <br />in his hands with the amount charged against him on <br />account of the assessments to be sued on and to be <br />relieved of further duty in regard thereto; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br /> <br />