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Proceedings for the foreclosure of delinquent local improvement district assessments or delinquent installments thereof shall be commenced on or before July 1st of that year in which on the first day of January, two installments of any local improvement assessment are delinquent, or if the final installment thereof has been delinquent for more than one year. [Ord. 2652 § 1, 1987; Ord. 2500 § 1, 1984; Ord. 2491 § 1, 1984; Code 1970 § 3.08.080.]