HomeMy WebLinkAboutRESOLUTIONS - 03311987 - 87-186 RESOLUTION NO. 87/186
RESOLUTION APPROVING REASSESSMENT REPORT
AND CONFIRMING REASSESSMENTS
ASSESSMENT DISTRICT 1987-1, PLEASANT HILL
BART STATION AREA REFUNDING
BE IT RESOLVED by the Board of Supervisors of the
County of Contra Costa, California, as follows:
The Engineer of Work filed the written report
prescribed by Section 9523 of the Streets and Highways Code.
The Board of Supervisors hereby determines that no hearing on
this proposed reassessment is required, in that the owners of
all land subject to reassessment have signed and filed with the
Board a written consent and waiver of any requirement of notice
or hearing and further have waived the right to contest the
reassessment by litigation. Accordingly, this Board of
Supervisors is authorized to proceed with approval and
confirmation of the report and with authorized issuance and sale
of the proposed refunding bonds without notice to the affected
landowners or hearing on the report.
This Board hereby approves and confirms the
Reassessment Report, including Exhibits A through T thereof.
All assessments originally levied in Assessment
District 1983-1, Pleasant Hill BART Station Area Refunding shall
be deemed supplanted and superseded by the reassessments
proposed hereby, except for any installments of principal and
interest on the original assessments which are delinquent on the
date of this resolution. Installments of principal and interest
on the original assessments which are now posted to the County
tax roll, but do not become delinquent until April 10, 1987, are
not superseded and supplanted by the proposed reassessments.
RESOLUTION NO. 87/186
Those installments shall be deposited in the refunding fund and
applied as a credit against installments of principal and
interest due on the refunded bonds during fiscal year 1986-87.
Serial bonds representing reassessments, and bearing
interest at a rate not to exceed twelve percent (12%) per annum,
shall be issued in accordance with the terms and conditions of
the Refunding Act of 1984 for 1915 Improvement Act Bonds (the
"Act") , and the last installment of the bonds shall mature on
September 2, 2004. The reassessments and interest thereon shall
be collected in the manner prescribed by the Act and are subject
to reassessment, amendment, and prepayment, all in accordance
with the provisions of the Act and the related provisions of the -
Improvement Bond Act of 1915 which are incorporated therein.
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 31st day of March, 1987.
ATTEST: March 31 , 1987
PHIL BATCHELOR, Clerk of the
Board of Supervisors and
County Administrator
By
De ty
2
RESOLUTION NO. 87/186