Laserfiche WebLink
RESOLUTION NO. 86-330 <br /> <br /> RESOLUTION AUTHORIZING ISSUANCE OF BONDS <br /> <br /> VALLEY AVENUE EXTENSION ASSESSMENT DISTRICT NO. 1988-1 <br /> <br />The City Counoil of the City of Pleasanton resolves: <br />S_~QJLi~L~i. RECITALS. On aune 3, 1988, the City <br />Counoil of the City of Pleasanton adopted its =esolution of <br />intention to order improvements in Valley Avenue Extension <br />Assessment Distriot No. 1988-1 under the provisions of the <br />Munioipal Improvement Aot of 1913 (the "Aot"). Prooeedings <br />taken under the Aot led to the levy of a speolal assessment by <br />the City Counoil against paroels of land within the assessment <br />distriot in the total amount of ~3~371~022.00. These assessments <br />will be reoorded in the offioe of the County Reoorder of the <br />County of Alameda on auly 18, 1988, and thereupon will ~eoome a <br />lien on eaoh paroel assessed. There will be a period within <br />whioh paroel owners may pay their assessments in oash without <br />interest. <br /> <br /> ~O_T~_0~. ISSUANCE OF BONDS. The City Counoil <br />hereby authorizes the issuanoe of improvement bonds under the <br />provisions of the Improvement Bond Aot of 1918 to represent <br />unpaid assessments. The bonds shall be designated, "Improvement <br />Bonds, Valley Avenue Extension Assessment Distriot No. 1988-1, <br />City of Pleasanton, Alameda County, California, Series <br /> <br />No. 1986-1." Bonds shall be issued in denominations of $9000 or <br />integral multiples thereof, exoept for Bond No. I whioh may be <br />an odd amount, and shall be dated August 27, 1986. Bonds shall <br />matu=e and shall bear interest at the rates set forth in the <br /> <br /> ORIGINAL <br /> <br /> <br />