Laserfiche WebLink
RESOLUTION NO. 86-533 <br /> <br /> RESOLUTION AUTHORIZING ISSUANCE OF SERIES A BONDS <br /> <br /> ASSESSMENT DISTRICT NO. 1986-7, <br /> 'NORTH PLEASANTON IMPROVEMENT DISTRICT NO. 2 <br /> <br />The City Council of the City of Pleasanton resolves: <br />S~I~D~i. RECITALS. On June 3, 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. 1988-T, North Pleasanton Improvement District No. 2, under <br />the provisions of the Municipal Improvement Act of 1913 (the <br />"Act"), as later amended. Proceedings taken under the Act led <br />to the levy of a special assessment by the City Council a~ainst <br />parcels of land within the assessment district in the total <br />amount of $116,350,379.00. These assessments were recorded in <br />the office of the County Recorder of the County of Alameda under <br />Recorder's Serial No. 255134, and thereupon become a lien on <br />each parcel assessed. The period within which parcel owners <br />might pay their assessments in cash without interest has <br />expired, and there remain unpaid assessments in the total amount <br />of $113,016,466.63. <br /> <br /> Section 2. ISSUANCE OF BONDS. The City Council <br />hereby authorizes the issuance of Series A improvement bonds in <br />the amount of $108,996,8T9.00 under the provisions of the <br />Improvement Bond Act of 1915 to represent unpaid assessments. <br />The bonds shall be designated, "Improvement Bonds, City of <br />Pleasanton, Assessment District No. 1986-T, North Pleasanton <br />Improvement District No. 2, Series A, Series No. 1986-7A." Bonds <br /> <br /> <br />