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RESOLUTION NO. 90-58 <br /> <br /> RESOLUTION APPROVING REASSESSMENT REPORT AND <br /> ORDERING REASSESSMENTS <br /> <br /> DUBLIN CANYON ROAD REASSESSMENT DISTRICT NO. 1990-1 <br /> <br /> The City Council of the City of Pleasanton resolves: <br /> <br /> The Engineer of Work filed the written report prescribed by <br />Section 9523 of the Streets and Highways Code. On the basis of the <br />information set forth in the Report, this City Council hereby finds <br />and determines that the three conditions specified by Section 9525 <br />of the Streets and Highways Code are satisfied. <br /> <br /> Accordingly, this City Council is authorized to proceed with <br />approval and confirmation of the report and with authorized issuance <br />and sale of the proposed refunding bonds without notice to the <br />affected landowners or hearing on the report. <br /> <br /> This Council hereby approves and confirms the Reassessment <br />Report, including Exhibits A through H thereof. <br /> <br /> All assessments originally levied in Assessment District No. <br />1982-1, Dublin Canyon Road Improvements shall be deemed supplanted <br />and superseded by the reassessments proposed hereby, except for <br />unpaid installments of principal and interest due and payable during <br />or before fiscal year 1989-90. <br /> <br /> Serial bonds representing unpaid reassessments, and bearing <br />interest at a rate not to exceed twelve percent (12%) per annum, <br />shall be issued in accordance with the terms and conditions of the <br />Refunding Act of 1984 for 1915 Improvement Act Bonds (the "Act"), <br />and the last installment of the bonds shall mature seven (7) years <br />from the 2nd day of September next succeeding twelve (12) months <br /> <br /> <br />