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AYES: <br /> <br />NOES: <br /> <br />ABSENT: <br /> <br /> Serial bonds representing unpaid assessments, and bearing <br />interest at a rate not to exceed twelve percent (12%) per annum, <br />will be issued in the manner providedby the Improvement Bond Act of <br />1915 (Division 10, Streets and Highways Code), and the last <br />installment of the bonds shall mature not to exceed twenty-four (24) <br />years from the second day of July next succeeding ten (10) months <br />from their date. <br /> <br /> This Council appoints Bissell & Karn, Inc., as Engineer of <br />Work for this project, and directs the preparation of the report <br />required by Section 10204 of the Streets and Highways Code. <br /> <br /> The amount of any surplus remaining in the improvement <br />fund after completion of the improvement and payment of all claims <br />shall be transferred to the general fund if the surplus does not <br />exceed the lesser of one thousand dollars ($1000) or five percent <br />(5%) of the total amount expended from the fund. Otherwise the <br />entire surplus shall be applied as a credit on the assessment as <br />provided in Section 10427.1 of the Streets and Highways Code. <br /> <br /> , , , <br /> <br /> I HEREBY CERTIFY that the foregoing resolution was duly <br />and regularly adopted by the City Council of the City of Pleasanton, <br />Alameda County, California, at a regular meeting thereof, held on <br />the 28th day of February, 1984. <br /> <br /> Councilmembers BPandes, MePceP~ MohP~ Wood~ and Mayor Butler <br /> <br />Councilmembers None <br /> <br />Councilmembers None <br /> <br />JAMES R. WALKER, City Clerk, <br />City of Pleasanton, Alameda <br />County, California <br />By <br /> <br />2 <br /> <br /> <br />