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RESOLUTION NO. 81-372 <br /> <br />resolves: <br /> <br />RESOLUTION CONCERNING FORECLOSURE OF <br /> DELINQUENT ASSESSMENT LIENS <br /> <br />ASSESSMENT DISTRICT NO. 1981-1 <br /> PLEASANTON PARK <br /> <br />The City Council of the City of Pleasanton <br /> <br /> 1. If any installment of the principal or <br />interest of any assessment levied in Assessment District <br />No. 1981-1, Pleasanton Park, becomes delinquent, the City <br />Council shall cause the filing of an action in the Superior <br />Court of the County of Alameda to foreclose the lien of the <br />delinquent assessment pursuant to the authority given in <br />Section 8830 and following of the Streets and Highways Code <br />of the State of California. This action shall be filed not <br />later than ninety (90) days following the date of <br />delinquency. <br /> <br /> 2. This resolution is adopted as an inducement <br />to the purchase of improvement bonds to be issued in <br />Assessment District No. 1981-1, Pleasanton Park, City of <br />Pleasanton, Alameda County, California, and Paragraph 1 <br />hereof shall constitute a covenant to the bondholders. <br /> <br /> , * <br /> <br /> <br />