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In the event that after having anticipated delinquencies in the amount of 10 percent of the amount of an annual assessment levy there is still a shortage in the funds raised in the amount of 10 percent or more, as a cumulative remedy, the City, of its own volition, or a bondholder, may bring an action to foreclose the lien of the assessment installments so delinquent, and the provisions of Sections 250.311 through 250.318 of Subdivision 4 of this Subarticle shall apply.
(Added by Ord. 225-81, App. 5/5/81)