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RESOLUTION NO. 86-186 <br /> <br /> RESOLUTION AUTHORIZING ISSUANCE OF BONDS <br /> <br /> ASSESSMENT DISTRICT NO. 1986-2, VALLEY BUSINESS PARK NO. 2 <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 order improvements in Assessment District <br /> <br />No. 1986-2, Valley Business Park No. 2, City of Pleasanton, <br />Alameda County, California, under the provisions of the <br />Municipal Improvement Act of 1913 (the "Act"). Proceedings <br />taken under the Act led to the levy of a special assessment by <br />the City Council against parcels of land within the assessment <br />district in the total amount of $6,120,000.00. These <br />assessments will be recorded in the office of the County <br />Recorder of the County of Alameda, and will thereupon become a <br />lien on each parcel assessed. The period within which parcel <br />owners might pay their assessments in cash without interest has <br />been waived. <br /> <br /> Section 2. ISSUANCE OF BONDS. The City Council <br />hereby authorizes the issuance of improvement bonds under the <br />provisions of the Improvement Bond Act of 1915 to represent <br />unpaid assessments. The bonds shall be designated, "Improvement <br />Bonds, Assessment District No. 1986-2, Valley Business Park <br />No. 2, City of Pleasanton, Alameda County, California, Series <br />No. 1986-2." Bonds shall be issued in denominations of $5,000.00 <br />or integral multiples thereof, and shall be dated May 15, 1986. <br />Bonds shall mature and shall bear interest at the rates set <br /> <br /> ORIGINAL <br /> <br /> <br />