LOS ANGELES -- A California court has awarded a judgment in favor of Sacramento in connection with a foreclosure action over property in the Bell Avenue Assessment District, the city said in a press release this week.

Sacramento initiated the judicial foreclosure proceedings after the major property owner in the district, I-80 Industrial Associates, became delinquent on assessment payments in April 1992. Those assessments help secure $3.57 million of limited obligation bonds that the city issued on behalf of the Bell Avenue district in June 1990.

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