San Diego Municipal Code § 61.1915 Supervision of Assessment Deferrals by the City Manager

The City Manager shall provide continuing supervision of all finally approved applications for assessment deferral, all securities furnished to the City pursuant to such applications, the payment to the City of all amounts due thereunder, the financial transactions of owners affecting the securities, and owner’s continuing eligibility as a qualified low–income owner. (“Supervision of Assessment Deferrals by the City Manager” added 10–26–1977 by O–12196 N.S.)

Ch. Art. Div.
6 1 19 11

San Diego Municipal Code Chapter 6: Public Works and Property, Public Improvement and Assessment Proceedings (6-2000)

Upon final approval of any application providing for the delivery of a note and mortgage to the City, the City Manager shall immediately record the mortgage with the County Recorder of San Diego County. (“Same — Recordation of Mortgages” added 10–26–1977 by O–12196 N.S.)

The City Manager shall keep and maintain records showing all finally approved applications for assessment deferral, all bonds purchased by the City, all bond agreements, notes and mortgages delivered to the City, all payments made to the City, and all defaults in payment of amounts due and payable to the City. All payments received by the City Manager shall be deposited in the Assessment Deferral Fund.

The City Manager shall establish and maintain a system for supervision of all payments due the City. Insofar as practicable, the system shall disclose all proposed, pending, or completed transfers or refinancing of any real property in which the City has a security interest. (“Same — Financial Records” added 10–26–1977 by O–12196 N.S.)

Not less than once a year, the City Manager shall review all finally approved applications, the security furnished the City pursuant thereto, and the financial transactions and condition of applicant. For that purpose, the City Manager may require the applicant, either orally or in writing, to furnish information given under penalty of perjury concerning:

(a) Any proposed, pending, or completed transfers or refinancing affecting the
real property in which the City has a security interest.

(b) Applicant’s continuing eligibility as a qualified low–income owner.

The failure or refusal of applicant to furnish such information shall be deemed an
event of default, upon the occurrence of which the City may enforce its security
interest.
(“Same — Annual Review of Status of Securities and Applicants” added 10–26–1977
by O–12196 N.S.)

Ch. Art. Div. 6 1 19 12

San Diego Municipal Code Chapter 6: Public Works and Property, Public Improvement and Assessment Proceedings (6-2000)

If an applicant ceases to be a qualified low–income owner or fails or refuses to make payments to the City when due, or if, in the opinion of the City Manager, it appears probable that such payments will not be made when due, the City Manager shall report such matters to the Council, together with his recommendations. Thereupon the Council may instruct the City Manager to make further efforts to collect amounts due, authorize the City Manager to compromise or write–off all or any part of the amounts due, or order the City Manager to refer the matters to the City Attorney for enforcement of the City’s security. (“Same — Default by Owners” added 10–26–1977 by O–12196 N.S.)