Reso 0428-07/1976 RESOLUTION NO. 428
RESOLUTION OF THE BOARD OF DIRECTORS OF
SAN MARCOS COUNTY WATER DISTRICT DECLAR-
ING ITS INTENTION TO FORECLOSE BY JUDICIAL
ACTION IN THE EVENT OF DELINQUENCIES IN
CONNECTION WITH ASSESSMENT DISTRICT N0.
75-1 - North Twin Oaks
WHEREAS, this Board of Directors has by its Resolution No. 402,
declared its intention to order the acquisition and construction of
certain water works system improvements and appurtenances, and all
appurtenant work; and to form Assessment District No. 75-1 [North
Twin Oaks] under the provisions of the Municipal Improvement Act of
1913; and to levy an assessment upon all property in the said Assessment
District No. 75-1 subject to assessments under said Act to pay the costs
and expenses of the aforesaid improvements; and to issue bonds under
and as provided in the Improvement Bond Act of 1915 to represent each
assessment remaining unpaid after thirty (30) days from the date of re-
cording the assessment in the office of the Superintendent of Streets;
and
WHEREAS, pursuant to the intention expressed in said Resolution
No. 402, the San Marcos County Water District has taken certain steps
in furtherance of the intentions set forth therein, and may, in the
near future, issue bonds as described therein; and
WHEREAS, in the event such bonds are issued, it will be beneficial
to both the holders thereof and to the District to take immediate steps
to foreclose property delinquent in payment of any installment of prin-
cipal or interest on an assessment,
NOW, THEREFORE, the Board of Directors of the San Marcos County
Water District does hereby resolve;
1. That it is the intention of said Board of Directors to fore-
close through Superior Court action, pursuant to the provisions of
Part 14 (commencing with Section 8830) of Division 10 of the Streets
& Highways Code, any and all properties delinquent in payment of any
installment of principal or interest on an assessment levied in connec-
tion with the aforesaid proceedings, and that such remedy shall be a
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Resolution No. 428
cumulative remedy, the exercise of which shall not preclude the pursuit
of any other remedy available to the District and/or the bond holders.
ADOPTED, SIGNED AND APPROVED this 19th day of July, 1976.
District Board of Directors
ATTEST:
Srcos County
STATE OF CALIFORNIA)
) Ss
County of San Diego)
I, JAMES F. McKAY, Secretary of the Board of Directors of San Marcos
County Water District, do hereby certify that the foregoing Resolution
was duly adopted by the Board of Directors of said District at a regu-
lar meeting of said Board duly held on the 19th day of July, 1976,
and that it was so adopted by the following vote:
AYES: Directors: Michel, Vanderbeck, Dow, Mahr, Blanchard
NOES: Directors: None
ABSTAIN: Directors: None
ABSENT: Directors: None
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