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RESOLUTION NO. 90-60 <br /> <br />RESOLUTION AUTHORIZING ISSUANCE OF REFUNDING BONDS <br /> <br /> DUBLIN CANYON ROAD REASSESSMENT DISTRICT NO. 1990-1 <br /> <br />The city Council of the City of Pleasanton resolves: <br />Section 1. RECITALS. On March 20, 1990, the City <br />Council of the city of Pleasanton adopted its resolution of <br />intention to conduct reassessment proceedings and issue refunding <br />bonds in Dublin Canyon Road Reassessment District No. 1990-1, City <br />of Pleasanton, Alameda County, California, under the provisions of <br />the Refunding Act of 1984 for 1915 Improvement Act Bonds (the <br />"Act"). Proceedings taken under the Act led to the levy of <br />reassessments by the city Council against parcels of land within <br />the reassessment district in the total amount of $1,560,000.00. <br /> <br /> These reassessments will be recorded in the office <br />of the County Recorder of Alameda County, and thereupon will become <br />a lien on each of the reassessment parcels. The refunding bonds <br />are being issued in the amount of the total reassessment. <br /> <br /> Section 2. ISSUANCE OF BONDS. The City Council <br />hereby authorizes the issuance of refunding bonds under the <br />provisions of the Act to be secured by the reassessments. Each <br />bond shall be designated, "Limited Obligation Refunding Bond, City <br />of Pleasanton, Dublin Canyon Road Reassessment District No. 1990-1, <br />Series No. 1990-1". In all respects not specified in this <br />resolution, the bonds shall be issued in the manner prescribed by <br />the Act. Bonds shall be issued in denominations of $5000 or <br />integral multiples thereof, and shall be dated April 5, 1990. <br /> <br /> <br />