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RESOLUTION N0. 85-200 <br /> <br /> RESOLUTION AUTHORIZING ISSUANCE OF BONDS <br /> <br /> ASSESSMENT DISTRICT NO. 1985-1, CHABOT DRIVE <br /> EXTENSION, EAST AMADOR RELIEF SEWER AND SANTA RITA ROAD <br /> <br />The City Council of the City of Pleasanton resolves: <br />Section 1. RECITALS. On February 26, 1985, the City <br />Council of the City of Pleasanton adopted its resolution of <br />intention to order improvements in Assessment District <br /> <br />No. 1985-1, Chabot Drive Extension, East Amador Relief Sewer and <br />Santa Rita Road, under the provisions of the Municipal <br />Improvement Act of 1913 (the "Act"). Proceedings taken under <br />the Act led to the levy of a special assessment by the City <br />Council against parcels of land within the assessment district <br />in the total amount of $13,861,000. These assessments will be <br />recorded in the office of the County Recorder of the County of <br />Alameda, and thereupon become a lien on each parcel assessed. <br />The period within which parcel owners might pay their <br />assessments in cash without interest was waived, and there <br />remain unpaid assessments in the total amount of $13,479,102.00. <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. 1985-1, Chabot Drive Extension, <br />East Amador Relief Sewer, City of Pleasanton, Alameda County, <br />California, Series No. 1985-1." Bonds shall be issued in <br />denominations of $5,000 or integral multiples thereof, and shall <br /> <br /> ORIGINAL <br /> <br /> <br />