(1) That proceedings to foreclose liens for delinquent taxes on the property have been instituted under ORS 312.050, to be provided on the date on which the proceedings are instituted; and
(2) That one year remains before the period of redemption for the property expires under ORS 312.120, to be provided not less than one year prior to the expiration of the period of redemption. [2025 c.475 §4]