HomeMy WebLinkAboutRESOLUTIONS - 01011993 - 1993-338 fl
RESOLUTION NO; 93/338
RESOLUTION OF INTENTION
TO CONDUCT REASSESSMENT PROCEEDINGS
REASSESSMENT DISTRICT NO. 1993-3,
SAN RAMON VALLEY BLVD. AT CROW CANYON RD.
The Board of Supervisors of the County of Contra Costa resolves:
This 'Board of Supervisors hereby determines that the public interest or
necessity requires the refunding of all outstanding bonds previously issued as Series
No. 1986-2, Refunding Assessment District No 1986-2, dated August 26, 1986. This
Board of Supervisors 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 „Acct") as security for said refunding bands.
This Board of Supervisors hereby directs NYSTROM ENGINEERING to
prepare and file with the Clerk of the Board of Supervisors of the County of Contra
Costa, a written report containing each of the items specified by Section 9523 of the
Act.
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 shallmature seven (7)
years from the 2nd day of September next succeeding twelve (12) months from their
date.
The County will not obligate itself to advance available funds from, the
County Treasury to cure any deficiency which may occur in the bond redemption
fond. A determination'not to obligate itself shall not prevent the County from, in its
sole discretion, so advancing funds.
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.
RESOLTUION NO. 93/33$
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 regular meeting thereof, held on the 15th day of June, 1993.
ATTEST;
PHIL BATCHELOR, Clerk of the
Board of Supervisors and
County Administrator
BY92i4
2
RESOLUTION NO. 93/338