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RESOLUTION NO. 86-179 <br /> <br /> RESOLUTION OF INTENTION TO CONDUCT REASSESSMENT PROCEEDINGS <br /> IN KOLL CENTER REFUNDING DISTRICT NO. 1988-8 <br /> <br /> The City Council of the'City of Pleasanton resolves: <br /> <br /> This City Council hereby determines that the public <br />interest or necessity requires the refunding of all outstanding <br />bonds previously issued as Series No. 1982-5 dated May 2, 1983, <br />Assessment District No. 1982-5, Fromm Business Park. This City <br />Council hereby declares its intention to refund said outstanding <br />bonds and to levy reassessments pursuant to the Refunding Act of <br />1984 for 1915 Improvement Act Bonds (the "Act") as security for <br />said refunding bonds. <br /> <br /> This City Council hereby directs MacKay ~ Somps to <br />prepare and file with the City Clerk of the City of Pleasanton a <br />written report containing each of the items specified by Section <br />9523 of the Act. <br /> <br /> Serial bonds representing unpaid reassessments, and <br />hearing interest at a rate not to exceed twelve percent <br />per annum, will be issued in the manner provided by the Act, and <br />the last installment of the bonds shall mature September <br />1998. <br /> <br /> The procedure for the collection of reassessments and <br />advance retirement of bonds under the Act shall be as provided <br />in Part ll.1, Division 10, of the Streets and Highways Code of <br />the State of California. <br /> <br /> The amount of any surplus remaining after completion <br /> <br /> ORIGINAL <br /> <br /> <br />