LOS ANGELES - Foster City, Calif., took possession Wednesday of delinquent property that helps secure an assessment district fi- nancing, and the city plans to keep debt service payments current, a city official said.

The foreclosed property represents about 47.8% of the total annual assessment levied in the Vintage Park Assessment District, which was formed by Foster City in 1984. The city is located between San Francisco and Palo Alto.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.