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RESOLUTION NO <br />86-558 <br />RESOLUTION AUTHORIZING ISSUANCE OF BONDS <br />ASSESSMENT DISTRICT N0. 1986-8, <br />HACIENDA BUSINESS PARK - PHASE TI <br />The City Council of the City of Pleasanton resolves: <br />Section 1. RECITALS. On October 7, 1986, the City <br />Council of the City of Pleasanton adopted its resolution of <br />intention to order improvements in Assessment District <br />No. 1986-8, Hacienda Business Park - Phase II under the <br />provisions of the Municipal Improvement Act of 1913 (the <br />"Act").. Proceedings taken under the Act led to the levy of a <br />special assessment by the City Council against parcels of land <br />within the assessment district in the total amount of <br />$25,670,000.00. These assessments were recorded in the office <br />of the County Recorder of the County of Alameda, and thereupon <br />became a lien on each parcel assessed. The period within which <br />parcel owners might pay their assessments in cash without <br />interest was waived by the property owners. <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 />Bond, City of Pleasanton, Assessment District No. 1986-8, <br />Hacienda Business Park - Phase II, Series No. 1986-8." Bonds <br />shall be issued in denominations of $5000 or integral multiples <br />thereof, except for Bond No. 1 which may be an odd amount, and <br />shall be dated December 2, 1986. Bonds shall mature and shall <br /> <br />