A. As a cumulative remedy, if Debt is outstanding for a District, the Council or the legislative body of the District may, not later than four years after the due date of the last installment of principal, order that any delinquent special taxes levied in whole or in part for payment of the Debt, together with any penalties, interest, and costs, be collected by any action brought in the Superior Court to foreclose the lien of special tax.
B. The Council or the legislative body of the District may covenant for the benefit of Debt owners to commence and diligently pursue to completion any foreclosure action regarding delinquent installments of any amount levied as a special tax for the payment of interest or principal of any Debt issued.
SECTION HISTORY
Added by Ord. No. 177,051, Eff. 11-20-05.