HomeMy WebLinkAboutCC RES 92-07RESOLUTION NO. 92-7
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUSTIN ORDERING FORECLOSURE ACTIONS AND APPROVING
SPECIAL COUNSEL AGREEMENT.
The City Council of The City of Tustin does hereby resolve as
follows:
WHEREAS, the CITY COUNCIL of THE CITY OF TUSTIN, CALIFORNIA
("City"), has heretofore undertaken proceedings pursuant to the
Municipal Improvement Act of 1913, being Division 12 of the Streets
and Highways Code of the State of California, and has confirmed
assessments upon lands within Special Assessment Districts
described in Resolutions of Intention adopted for said
improvements, (hereinafter "Assessments Districts"); and,
WHEREAS, said proceedings provide for the issuance of bonds
pursuant to the Improvement Bond Act of 1915, being Division 10 of
the Streets and Highways Code of the State of California, and said
bonds were previously issued; and,
WHEREAS, collection of all assessments levied pursuant to said
Assessment District proceedings was and is intended to provide for
~3 the timely payment of all amounts of principal and interest due and
payable pursuant to the terms of the above referenced bonds; and,
WHEREAS, certain owners of property within the Assessment
~5 Districts have become delinquent and from time to time in the
future may become delinquent in the payment of said assessments,
~6 thereby necessitating the institution of foreclosure actions with
respect to such parcels.
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NOW, THEREFORE, it is hereby resolved as follows:
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Section 1. That the above recitals are all true and correct.
Section 2. That it is hereby ordered that the city Finance
20 Director is authorized to cause all currently delinquent
assessments within the Assessment Districts to be collected by an
2] action or actions brought in the Superior Court to foreclose the
liens thereof in accordance with Part 14 of Division 10 of the
22 California Streets and Highways Code Section 8830(a).
Section 3. That the City Council hereby orders the city
Finance Director to review the delinquencies in each Assessment
District from time to time and said Finance Director is hereby
authorized to request and cause the City's special counsel to
foreclose, from time to time, on the delinquent assessments which
the Finance Director determines should or must be foreclosed upon
in order to comply with the covenants relating to the bonds.
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Section 4. That the Special Counsel Agreement relating to such
actions submitted herewith and to be dated the date hereof is
hereby approved and the appropriate officers of the City of Tustin
are hereby authorized to execute the same on behalf of the City of
Tustin.
PASSED AND ADOPTED at a regular meeting of the City Council of
the City of Tustin held on the 20th. day of January , 1992
l~.]~'ar]es E. Puckett , Mayor
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF TUSTIN )
CERTIFICATION FOR RESOLUTION NO.
92-07
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Mary E. Wynn , City Clerk and ex-officio Clerk of the city
Council of the City of Tustin, California, does hereby certify that
the whole number of the members of the City Council is five ;
that the above and foregoing Resolution was duly and regularly
passed and adopted at a regular meeting of the City Council held on
the 20 day of January , 199 2 by the following vote:
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Councilmember Ayes:
Councilmember Noes:
Councilmember Abstained:
Councilmember Absent:
Puckett, Pontious, Edgar, Potts, Prescott
None
None
None
Mary E. %~n ,C City Clerk
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