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In the opinion of this Council, the public interest will <br />not be served by allowing owners of assessable lands to enter into <br />a contract for the work of improvement, as otherwise permitted in <br />Section 10502.2 of the Streets and Highways Code. <br /> <br /> The amount of any surplus remaining in th~ improvement <br />fund after completion of the improvement and payment of all claims <br />shall be transferred to the general fund if the surplus does not' <br />exceed the lesser of one thousand dollars ($1000) or five per cent <br />(5%) of the total amount expended from the fund. Otherwise the <br />entire surplus shall be applied as a credit on the assessment as <br />provided in Section 10427.1 of the Streets and Highways Code." <br /> <br /> , , , <br /> <br /> I HEREBY CERTIFY that the foregoing resolution was duly <br />and regularly adopted by the City Council of the City of Pl~asanton, <br />Alameda County, California, at a regular meeting thereof, held on <br />the 25th day of April, 1978, by the following vote, to wit: <br /> <br /> Brandes. Butler. Kephart. Wood. and Mayor Mercer <br /> <br />Councilmembers <br /> <br />Councilmembers None <br /> <br />Councilmembers None <br /> <br />AYES: <br /> <br />NOES: <br /> <br />ABSENT: <br /> <br />CLAYTON E. BROWN, City Clerk, <br />City of Pleasanton, Alameda <br />County, California <br /> <br />-3- <br /> <br /> <br />