RES 86127 - Laserfiche WebLink

RESOLUTION NO. 86-127 RESOLUTION OF INTENTION TO CONDUCT REASSESSMENT PROCEEDINGS IN NORTH PLEASANTON FIRE PROTECTION REFUNDING DISTRICT NO. 1986-4 The City Council of the City of Pleasanton resolves: Section 1: This City Council hereby determines that the public interest or necessity requires the refunding of all outstanding bonds previously issued as Series No. 1982-6 dated January 21, 1985, North Pleasanton Fire Protection Assessment District No. 1982-6. This City Council hereby declares its intention to refund said outstanding bonds and to levy reassessments pursuant to the Refunding Act of 1984 for 1915 Improvement Act Bonds (the "Act") as security for said refunding bonds. This City Council hereby directs Mark Thomas & Company, Inc., to prepare and file with the City Clerk of the City of Pleasanton a written report containing each of the items specified by Section 9523 of the Act. Serial bonds representing unpaid reassessments, and bearing interest at a rate not to exceed twelve percent (12%) per annum, will be issued in the manner provided ~y the Act, and the last installment of the bonds shall mature September 2, 2005. The procedure for the collection of reassessments and advance retirement of bonds under the Act shall be as provided in Part 11.1, Division 10, of the Streets and Highways Code of the State of California. The amount of any surplus remaining after completion ORIGINAL.