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RESOLUTION NO. 92-118 <br /> <br />RESOLUTION AUTHORIZING ISSUANCE OF SERIES B BONDS <br /> <br /> ASSESSMENT DISTRICT NO. 1986-7, SERIES B <br /> NORTH PLEASANTON IMPROVEMENT DISTRICT NO. 2 <br /> <br />The City Council of the City of Pleasanton resolves: <br />Section 1. RECITALS. On June 3, 1986, the City Council of <br />the City of Pleasanton adopted its resolution of intention, as <br />later amended, to order improvements in Assessment District No. <br />1986-7, North Pleasanton Improvement District No. 2, City of <br />Pleasanton, Alameda County, California, under the provisions of <br />the Municipal Improvement Act of 1913 (the "Act"), as amended. <br />Proceedings taken under the Act led to the levy of a special <br />assessment by the City Council against parcels of land within the <br />assessment district in the total amount of $116,350,379.00. <br />These assessments were recorded in the office of the County <br />Recorder of the County of Alameda on October 16, 1986, under <br />Recorder's Serial No. 86-255134 and thereupon became a lien on <br />each parcel assessed. On November 24, 1986, a Notice of Amended <br />Assessment was recorded under Recorder's Serial No. 86-295651 <br />reducing the total amount to $116,297,176.23. On December 2, <br />1986, Series A of bonds was issued in the amount of <br />$105,996,679.00. <br /> <br /> Section 2. ISSUANCE OF BONDS. The City Council hereby <br />authorizes the issuance of Series B improvement bonds under the <br />provisions of the Improvement Bond Act of 1915 to represent <br />unpaid Series B assessments in the amount of $5,575,000.00. The <br />bonds shall be designated, "Limited Obligation Improvement Bond, <br /> <br /> <br />