Chico Municipal Code Art. IV Adaptation of Improvement Bond Act of 1915

Chico Municipal Code · 2026-10 edition · updated 2026-10-04 · Chico

Cite as: Chico Municipal Code Article IV · Text as of 2026-10-04

3.80.260 Application.¶

When proceedings are or have been taken pursuant to the Improvement Bond Act of 1915 in which assessments are or were confirmed after June 6, 1978, such proceedings may be modified as hereinafter provided by this chapter.

(Ord. 1586 §11 (part))

Exceptions & meaning →

3.80.270 Obligations of city.¶

Any provisions of the general law notwithstanding, the city need undertake no efforts to cure delinquent assessments. The city must honor any commitment to initiate foreclosure proceedings and any obligation to administer the reserve fund for the benefit of bondholders, but if it becomes the purchaser, the city need expend no sums to pay or cure delinquent assessments, interest, or penalties.

(Ord. 1586 §11 (part))

Exceptions & meaning →

3.80.280 Tax levy.¶

The city need not levy a special tax, the provisions of Streets and Highways Code Section 8809 notwithstanding.

(Ord. 1586 §11 (part))

Exceptions & meaning →

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Chico Municipal Code

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