HomeMy WebLinkAboutReso 1994-17770 RESOLUTION NO. 17770
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AWARDING A 3-YEAR CONTRACT, FOR JUDICIAL
FORECLOSURE SERVICES TO THE LAW OFFICES OF ROBERT A.
OWEN, AUTHORIZING THE MAYOR TO EXECUTE SAID
AGREEMENT, AND AUTHORIZING THE CITY ATTORNEY OR HIS
DESIGNEE TO INITIATE FORECLOSURE PROCEEDINGS ON
DELINQUENT PARCELS IN CITY ASSESSMENT DISTRICTS
WHEREAS, the City has formed ten assessment districts to provide financing of
infrastructure for new developments; and,
WHEREAS, the bonds that were used to finance the improvements were issued
pursuant to the Improvement Bond Act of 1915; and,
WHEREAS, one of the provisions of issuing 1915 Act limited obligation bonds is that
the City must monitor the collection process and cause judicial foreclosure proceedings to
commence in as little as 150 days of an installment becoming delinquent; and,
WHEREAS, this action will ensure that the City's fiduciary responsibility to the bond
holders is fulfilled by providing required delinquency monitoring and collection services; and,
WHEREAS, all costs associated with the collection of delinquent assessments are
recovered from the delinquent property owners at no expense to the City; and,
WHEREAS, the consultant, the Law Offices of Robert A. Owen, was selected through
the formal selection process,
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby award a 3-year contract, renewable every November for judicial foreclosure services
to the Law offices of Robert A. Owen, known as document number CO94-275, a copy of
which is on file in the office of the City Clerk.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized and directed to execute said Agreement for and on behalf of the City of Chula
Vista.
BE IT FURTHER RESOLVED that the City Attorney or his designee is hereby authorized
to initiate foreclosure proceedings on delinquent parcels in City assessment districts.
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Resolution No. 17770
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BE IT FURTHER RESOLVED that the City Council does hereby authorize expenditure
of funds, from assessment district fees, for the monitoring and possible judicial foreclosure
of parcels that are delinquent on their assessment installments.
Presented by A a f
ohn P. Bruce M. Boogaard ~
r of Public Works City Attorney