RES 88524 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 88-524 RESOLUTION ORDERING JUDICIAL FORECLOSURE OF DELINQUENT ASSESSMENTS PURSUE TO THE IMPROVEMENT BOND ACT OF 1915, AND ORDERING THAT THE TAX COI.I~CTOR BE CREDITED WITH THOSE ASSESSMENTS WHEREAS, the City of Pleasanton ("City") has conducted special assessment, reassessment and refunding proceedings from time to time resulting in the issuance and sale of improvement bonds ("Bonds") pursuant to the provisions of the Improvement Bond Act of 1915 and the Refunding Action of 1984 for 1915 Improvement Act Bonds (California Streets and Highways Code Section 8500 et seq., and 950 et seq.; collectively "1915 Act"); and WHEREAS, pursuant to the 1915 Act, the City has duly and regularly issued and recorded the unpaid assessments and reassessments (collectively "assessments"), which assessments and each installment thereof and interest and penalties thereon constitute liens against the lots and parcels of land against which they were made, until the same are paid; and WHEREAS, certain assessments and installments thereof have not been paid when due, and certain installments of those assessments may not be paid in the future; and WHEREAS, pursuant to resolution adopted prior to the issuance of the Bonds, under the provisions of Section 8830(b) of the California Streets and Highways Code, this City Council has covenanted for the benefit of bondholders to commence foreclosure actions in the Superior Court regarding delinquent installments of any assessments which secure the Bonds and to diligently prosecute such actions; and WHEREAS, under the provisions of Section 8833 of the 1915 Act, when such foreclosure action is ordered, the county tax collector is to be credited upon the assessment roll then in his hands with the amount charged against him on account of the assessments to be sued on and to be relieved of further duty in regard thereto; ~