HomeMy WebLinkAboutRESOLUTIONS - 08051986 - 86-477 RESOLUTION NO. 86/477
RESOLUTION OF INTENTION TO CONDUCT REASSESSMENT PROCEEDINGS
IN REFUNDING ASSESSMENT DISTRICT NO. 1986-2
The Board of Supervisors of the County of Contra Costa
resolves:
This Board hereby determines that the public interest
or necessity requires the refunding of all outstanding bonds
previously issued as Series No. 1980-4, dated June 2, 1982,
Assessment District No. 1980-4, San Ramon Valley Blvd. at Crow
Canyon Road, Contra Costa County, California. This Board hereby
declares its intention to refund said outstanding bonds and to
levy reassessments pursuant to the Refunding Act of 1984 for
1915 Improvement Act Bonds (the "Act" ) as security for said
refunding bonds.
This Board hereby directs RICHARD NYSTROM to prepare
and file with the Clerk of the Board of the County of Contra
Costa a written report containing each of the items specified by
Section 9523 of the Act.
Serial bonds representing unpaid reassessments, and
bearing interest at a rate not to exceed twelve percent (12%)
per annum, will be issued in the manner provided by the Act, and
the last installment of the bonds shall mature September 2,
2001.
The procedure for the collection of reassessments and
advance retirement of bonds under the Act shall be as provided
in Part 11. 1, Division 10, of the Streets and Highways Code of
the State of California.
The amount of any surplus remaining after completion
of the refunding shall be transferred to the reserve fund for
the refunding bonds.
RESOLUTION NO. 86/477
I HEREBY CERTIFY that the foregoing resolution was
duly and regularly adopted by the Board of Supervisors of the
County of Contra. Costa, State of California, at a regular
meeting thereof, held on the 5th day of August, 1986
ATTEST:
PHIL BATCHELOR, Clerk of the
Board of Supervisors and
County Administrator
By
I
cc: Public Works Director
Community Development
County Counsel
County Auditor-Controller
Bond Counsel
Engineer of Work
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