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RESOLUTION NO. 86-135 <br /> <br /> RESOLUTION AUTHORIZING ISSUANCE OF REFUNDING BONDS <br /> <br /> STONERIDGE BUSINESS CENTER REFUNDING DISTRICT NO. 1986-3 <br /> <br />The City Council of the City of Pleasanton resolves: <br />Section 1. RECITALS. On April 1, 1986, the City <br />Council of the City of Pleasanton adopted its resolution of <br />intention to conduct reassessment proceedings and issue <br />refunding bonds under the provisions of the Refunding Act of <br />1984 for 1915 Improvement Act Bonds (the "Act"). Proceedings <br />taken under the Act led to the levy of reassessments by the City <br />Council against parcels of land within the reassessment district <br />in the total amount of $4,775,000.00. These reassessments will <br />be recorded in the office of the County Recorder of the County <br />of Alameda and thereupon will become a lien upon each of the <br />reassessment parcels. The refunding bonds are being issued in <br />the amount of the total reassessment. <br /> <br /> Section 2. ISSUANCE OF BONDS. The City Council <br /> <br />hereby authorizes the issuance of refunding bonds under the <br />provisions of the Act to be secured by the reassessments. The <br />bonds shall be designated, "Refunding Bonds, Stoneridge Business <br />Center Refunding District No. 1986-3, City of Pleasanton, <br />Alameda County, California, Series No. 1986-3." In all respects <br />not specified in this resolution, the bonds shall be issued in <br />the manner prescribed by the Act. Bonds shall be issued in <br />denominations of $5000 or integral multiples thereof, and shall <br />be dated April 17, 1986. Bonds shall mature and shall bear <br />interest at the rates set forth in the table attached as Exhibit <br /> <br /> ORIGINAL <br /> <br /> <br />