LOS ANGELES - Sacramento, Calif.. will initiate foreclosure proceedings next month unless certain property owners cure delinquent assessments that secure bonds in North Natomas Assessment District No. 88-03, the city's treasurer said yesterday.
Thomas P. Friery, the treasurer, said in a news release that $809,630, or 44.5%, of the assessment installments billed on Nov. 1 remain unpaid. The unpaid assessments became delinquent Dec. I 1.