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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br />ALAmeDA COUNTY, CALIFOP~IA <br /> <br />RESOLUTION NO. 82-319 <br /> <br />RESOLUTION APPROVING AGREE}~NT WITH PRUDENTIAL <br />INSURANCE COMPANY PERTAINING TO PRE-FO~TION <br />EXPENSES FOR THE NORTH PLEASANTON I~POVE}~NT <br />DISTRICT, PROJECT AD 1982-~ <br /> <br />WHEP~AS, <br /> <br />the Prudential Insurance Company is willing to <br />finance the costs of engineering services and <br />other costs reasonably incurred by City directly <br />relating to the formation of the proposed North <br />Pleasanton Improverent District, Project AD 1982-4 <br />prior to the formation of the district and the <br />sale of Bonds; and <br /> <br />%~IEKEAS, <br /> <br />it is in the public interest that the proposed <br />assessment district proceed as soon as possible <br />in order to provide necessary roadway improvements <br />in a timely fashion, an interest that is furthered by <br />having the pre-formation assessment district expenses <br />be borne by a major beneficiary of the improvements <br />who is financially able to incur such expenses at <br />the present time; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF TIlE CITY OF PLEASANTON <br />P~SOLVES AS FOLLOWS: <br /> <br />Section 1: Approves the attached agreement with The Prudential <br /> Insurance Company of America pertaining to financing <br /> pre-formation expenses for the proposed North <br /> Pleasanton Improvement District, Project AD 1982-4. <br /> <br />Section 2: Authorizes the Mayor to execute the above-described <br /> agreement. <br /> <br />Section 3: This resolution shall become effective immediately <br /> upon its passage and adoption. <br /> <br />TttIS RESOLUTION ADOPTED AUGUST 24, 1982 BY THE FOLLOWING VOTE: <br /> <br />AYES: Councilmembers - Brandes, I!ercer, Mohr, Wood and <br /> Mayor Butler <br />NOES: None <br />ABSEr]T: None <br /> · BE~. BUTLER ~AYOR <br />By Doris George, Deputy City ClerF ,~ d, <br /> Peter D. ~acDonal City orney <br /> <br /> <br />