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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br />ALAMEDA COUNTY, CALIFORNIA <br />RESOLUTION NO. 99-134 <br /> <br />RESOLUTION DETERMINING THAT THE PUBLIC <br />INTEREST AND NECESSITY DEMAND THE ACQUISITION <br />OF MUNICIPAL IMPROVEMENTS AND THEIR <br />FINANCING THROUGH THE ISSUANCE OF GENERAL <br />OBLIGATION BONDS <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />Section 43607 of the Government Code of the State of Califomia authorizes a City <br />legislative body to initiate proceedings for issuing general obligation bonds to pay <br />for municipal improvements by passing a resolution determining that the public <br />interest or necessity demands the acquisition, construction or completion of such <br />municipal capital improvements; and <br /> <br />this Council has determined that it is necessary, essential and a public purpose for <br />the City of Pleasanton (the "City") to acquire certain real property located at the <br />intersection of Bernal Avenue and Interstate 680, commonly known as the San <br />Francisco Bemal Avenue Property (the "Improvements"), which Improvements <br />constitute a single purpose under Section 43609 of the California Government <br />Code; and <br /> <br />this Council desires to initiate proceedings for the issuance of general obligation <br />bonds, the proceeds of which will be used to finance the Improvements. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: This Council hereby finds and declares that the above recitals are true and correct. <br /> <br /> <br />