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the County of Alameda and this City now in use in the <br />performance of a public function. <br /> <br /> Serial bonds representing unpaid assessments, and <br />bearing interest at a rate not to exceed twelve percent (12%) <br />per annum, will be issued in the manner provided by the <br />Improvement Bond Act of 1915 (Division 10, Streets and Highways <br /> <br />Code), and the last <br />exceed twenty-four <br />succeeding ten <br /> <br /> This <br />Investigation, <br /> <br />(commencing with Section 2800, Streets and Highways Code) <br />not apply to these proceedings. <br /> <br /> installment of the bonds shall mature not to <br /> (24) years from the second day of July next <br /> (10) months from their date. <br /> <br />Council finds that the Special Assessment <br />Limitation and Majority Protest Act of 1931 <br /> <br /> does <br /> <br />of Work <br /> <br /> This Council appoints Bissell& Karn, Inc., as Engineer <br />for this project, and directs the preparation of the <br />report required by Section 10204 of the Streets and Highways <br />Code. <br /> <br />fund <br /> <br /> The amount of any surplus remaining in the improvement <br />after completion of the improvement and payment of all <br /> <br />claims shall be transferred to the general fund if <br />does ~ot exceed the lesser of one thousand dollars <br />five percent (5%) of the total amount <br /> <br />Otherwise the entire surplus shall be <br /> <br />assessment as provided in <br /> <br />Highways Code. <br /> <br /> the surplus <br /> ($1000) or <br /> expended from the fund. <br /> <br /> applied as a credit on the <br />Section 10427.1 of the Streets and <br /> <br />2 <br /> <br /> <br />