Resolution No. 86-67 CITY OF TIGARD, OREGON
RESOLUTION NO. 86—
A RESOLUTION IDENTIFYING THE. BANCROFT INSTALLMENT ACCOUNTS THAT ARE IN DEFAULT
GIVING THE NAME OF THE OWNER IN DEFAULT IN THE PAYMENT OF THE SUMS DUE, EIT14ER
PRINCIPAL AND/OR INTEREST, TOGETHER WITH A DESCRIPTION OF THE PROPERTY UPON
WHICH THE SUMS ARE OWING AND DECLARING THE WHOLE SUM, BOTH PRINCIPAL_ AND
INTEREST, DUE AND PAYABLE AT ONCE.
WHEREAS, the City Council of the City of Tigard, has defined when a Bancroft
account is in d.-,fault; and
WHEREAS, this definition requires the passage of a resolution.
NOW, 1-11EREFORE, BE IT RESOLVED by the Tigard City Council that:
Section 1. The installment accounts listed in Exhibit A are in default.
Section 2. The whole sum, both principal and interest, is declared due and
payable at once.
Section 3. The City Council directs the Finance Director and the City
Attorney to proceed at once to collect all unpaid installments and to enforce
collection thereof, with all penalties added thereto.
PASSED: This o25 r day of _yd_v_wl- _ 1986.
�Mpry City of 'Tigard
ATTEST:
eput� Recorder — City of Tigard
(cn/38)
i
RESOLUTION NO. 86—_L_j
Page 1
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LIST OF INSTALLMENT BA IT A
ACCOUNTS IN DEFAULT
PROPERTY DELINQUENT DELINQUENT ASSESS-- LAST
DESCRIPTION NAME 4UENT MENT DATE
PRIAICIPAL INTEREST --BALANCE PAID
1317) Summer Hill/Summerc rest
IS134CB 300 John Sutton — 7% Int `hru 03/15/86
1S134CB 1700 Gervis S Dor•tha Terrill 262.20 293.67 2.796.80 08/31/84
349.60 406.86 2,884.20 09/10/84
15 22 Ham ton Sewer/Street 9.6% Int, thru 03/15/86
2S11AC 1100 Charles S Joyce Hagel 1,273.10 1,514.08 10,254.80 01/02/85
ZSilAD 400 Hampton Oaks/Office Park Assoc. 10,123.05 7,926.47 53,989.60 02/25/85
1506) McKenzie Street 9
2S128D 500 lames Funk C/O Floyd Ber man vp —ru /15/85
9 J 1,18 5.124 VJ873.18 8,888.40 03/18/85
S 12 72nd Avenue 13% Int, thru 12/15/86
2S412AC 1800 Beaver Solt Inc.
2Si12AC 1801 Beaver Bolt Inc. 6,171.01 -0-
4,554.47 -0-
I
Agreement with Council in default - has called to bring account agreement current
WKMaking monthly payments
'JL4J:cn/39)