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.

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