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RESOLUTION NO. 86-163 <br /> <br /> RESOLUTION APPROVING REASSESSMENT REPORT <br /> AND CONFIRMING REASSESSMENTS <br /> <br /> MEYER CENTER REFUNDING DISTRICT NO. 1988-5 <br /> <br /> The City Council of the City of Pleasanton resolves: <br /> <br /> The Engineer of Work filed the written report prescribed <br />by Section 9525 of the Streets and Highways Code'. On the basis of <br />the information set forth in the report, this City Council hereby <br />finds and determines that the three conditions specified by <br />Section 9525 of the Streets and Highways Code are satisfied. <br />Accordingly, this City Council is authorized to proceed with <br />approval and confirmation of the report and with authorized <br />issuance and sale of the proposed refundin~ bonds without notice <br />to the affected landowners or hearin~ on the report. <br /> <br /> This City Council hereby approves and confirms ~he <br />Reassessment Report, inoludin~ Exhibits A through F thereof. <br /> <br /> Serial bonds representin~ unpaid reassessments, and <br />bearinE interest at a rate not to exceed twelve percent (12%) per <br />annum, shall be issued in accordance with the terms and conditions <br />of the Refundin~ Act of 198~ for 1910 Improvement Act Bonds (the <br />"Act"), and the last installment of the bonds shall mature on <br />September 2, 2008. The reassessments and interest thereon shall <br />be collected in the manner prescribed by the Act and are subject <br />to reassessment, amendment, and prepayment, all in accordance with <br />the provisions of the Act and the related provisions of the <br />Improvement Bond Act of 1910 which are incorporated therein. <br /> <br /> ORIGINAL <br /> <br /> <br />