HomeMy WebLinkAboutCC Resolution 9442 (Civic Center-Northgate Assessment District Foreclosure)RESOLUTION NO. 9442
Resolution of the City Council of City of San Rafael
Ordering Foreclosure Action in the Civic Center -
Northgate Refunding Assessment District and the East
Francisco Boulevard Assessment District
WHEREAS, the City Council of City of San Rafael has
heretofore undertaken proceedings pursuant to the "Improvement
Bond Act of 1915" (ACTS), being Division 10 of the Streets and
Highway Code of the State of California, commencing with Section
8500, and has levied special assessments known as the Civic Center
- Northgate Refunding Assessment District and the East Francisco
Boulevard Assessment District ("DISTRICTS") described in
Resolutions of Intention previously adopted for said Districts; and
WHEREAS, said proceedings provided for the issuance of limited
obligation improvement bonds ("BONDS") pursuant to the ACTS and
said BONDS were previously issued; and
WHEREAS, collection of all special assessments levied pursuant
to said DISTRICT proceedings were and are intended to provide
timely payment of all amounts of principal and interest due and
payable pursuant to the terms of the above referenced BONDS; and
WHEREAS, certain properties within the DISTRICTS have become
delinquent due to the nonpayment of said levied special assessment
installments, said installments now being in default, thereby
necessitating the timely institution of judicial foreclosure
actions with respect to such parcels in order to comply with City
of San Rafael's covenant to the bondholders.
NOW, THEREFORE, it is hereby resolved as follows:
correct.
Section 1. That the above recitals are true and
Section 2. That is hereby ordered that the delinquent
special assessments with the above DISTRICTS be collected by an
action brought in the Superior Court of Marin to foreclose the lien
thereof in accordance with the ACTS; this order is made pursuant to
California Streets and Highways Code 8830, et seq. with respect to
the assessment districts.
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Section 3. That is hereby further ordered that in the
event that any special assessments levied in the future within any
of the DISTRICTS become delinquent, such delinquencies may be
collected in the same manner and the Finance Director of City of
San Rafael shall notify the City of San Rafael's Special Counsel
for that purpose.
I, JEANNE M. LEONCINI, Clerk of the City of San Rafael, hereby
certify that the foregoing resolution was duly and regularly
introduced and adopted at a REGULAR meeting of the City
Council of said City held on TUESDAY, the 5th_
day of SEPTEMBER , 1995 , by the following vote, to wit:
AYES: COUNCILMEMBERS:Cohen, Heller, Phillips, Zappetini & Mayor Boro
NOES: COUNCILMEMBERS:None
ABSENT: COUNCILMEMBERS:None
JEANNE M. LEONCINI, City Clerk
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