Santa Clara Municipal Code Art. IV Contributions and Advances

Contributions or partial payments from the United States or the State or any agency of either or from the County may be accepted and the same or any available City money applied to any part of the costs of a project at any time during or after the proceedings and applied in reduction of the amount assessed or to be assessed therefor.

(Ord. 859 § 80; Formerly § 16-32)

In any proceeding had under this title, the City may declare in the resolution of intention that it intends to purchase the assessment, warrant or bonds to be issued therein.

The City shall, upon the issuance of such assessment, warrant or bonds, pay to the contractor, who shall have been awarded the contract to do the work in such proceeding, in case of public improvements or into court, in case of acquisition proceedings, the principal amount thereof.

Such bonds, when issued, shall be made payable to bearer.

The City shall succeed to all rights under such assessment, warrant and bonds.

(Ord. 859 §§ 81 – 84; Formerly § 16-33)

The City shall have like power to subsequently acquire and own any bonds or assessments or contracts issued or levied or made under this title or now issued and outstanding, for any improvement or acquisition of the City.

(Ord. 859 § 85; Formerly § 16-34)

The City may bid and purchase any real or personal property offered for sale for the nonpayment of any improvement assessment levied and assessed under any of the provisions of this title or of any installment thereof or penalties, costs or interest thereon or any suit brought to foreclose such assessment.

(Ord. 859 § 86; Formerly § 16-35)

Whenever any property shall have been acquired by the City at any such sale, then such property or any lien thereon or interest therein created by such assessment may be released, assigned, sold or otherwise disposed of by the City as it shall determine. No such release, assignment, sale or other disposition of any such lien or interest or of any such property shall be made unless there shall be first paid to the City a sum of money equal to and not less than the amount paid therefor by the City, together with all accrued penalties, costs, interest and necessary expenses incurred. If any lien, interest or property cannot, as determined by the City Council, be sold for the amounts or charges computed as provided in this section, then the City Council may, by four-fifths vote of all its members, sell any such lien or interest or property for the best price obtainable according to its judgment.

(Ord. 859 § 87; Formerly § 16-36)