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RESOLUTION NO. 88 - 470 <br /> <br /> RESOLUTION MODIFYING ASSESSMENT ROLL <br /> <br /> ASSESSMENT DISTRICT NO. 1986-9, <br /> NORTH PLEASANTON IMPROVEMENT DISTRICT NO. 3 <br /> <br /> The City Council of the City of Pleasanton resolves: <br /> <br /> 1. On April 21, 1987, the City Council confirmed and levied <br />an assessment on land within Assessment District No. 1986-9, North <br />Pleasanton Improvement District No. 3, City of Pleasanton, Alameda <br />County, California, including five parcels of land (23D, 23E, 23F, <br />23G, and 23L), a portion of which had been purchased by the Bay Area <br />Rapid Transit District, a public agency. On the advice of bond <br />counsel, these five assessments were not included as security for <br />the issuance of Series A of improvement bonds in the improvement <br />district. Subsequently, the City has entered into an agreement with <br />the Bay Area Rapid Transit District, pursuant to which the District <br />will pay to the City in cash in lieu of assessment, the sum of <br />$498,650.00. <br /> <br /> 2. A portion of the land excluded from the Series A bond <br />issue remains under the ownership of Stoneridge Corporate Center I <br />and should bear a pro-rata share of the Series A assessment. <br /> <br />3. The assessment roll for Assessment District No. 1986-9, <br />North Pleasanton Improvement District No. 3 is modified as follows: <br /> <br /> (a) Original Assessments 23D, 23E, 23F, 23G, 23H, 23I, 23J, <br />23K and 23L are resubdivided as follows: <br /> <br /> <br />