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CITY OF PLEASANTON
<br />
<br /> INFORMATION FOP. BIDDERS CONCERNING
<br /> $535,000 GENERAL OBLIGATION '1967 MUNICIPAL IMPROVEMENT BONDS, SERIES B
<br /> fer Park and Fire Protection Improvements.
<br />
<br /> Sale of these bonds will be in otl respects in accordance with the published Ofllcksl Notice'of Sale. Principal
<br />terms contained therein are synopMzed in this Official Statement.
<br />
<br /> BID OPENING
<br /> Bids will be opened at 8:00 p.m., C.~ifornia Daylight
<br /> Saving Time, October 8, 1968, at the City Council Meerin~
<br /> Multi-Purpose Room, Valley View School, 480 Adams Way,
<br /> Pleasanton, California.
<br />
<br /> MAILED BIDS
<br /> Bids may be band-delivered up m the time of opening.
<br /> Mailed bids should, be ~ck,~'ssed m ~ City Council of the
<br /> City of Pleasanton in care of City Cierk, City Hall, 603
<br /> Main Street, Plearanmn, California 94566. Timely dellvety
<br /> will be the responsibility of the bidder.
<br />
<br /> EXPECTED BOND DELIVERY DATE
<br /> The bonds will be delivered ~o the successful bidder
<br /> on or aboor October 31, 1968.
<br />
<br /> BOND AUTHORIZA?ION
<br /> The bonds hereby offered have been authorized pursu-
<br /> ant to SecdOn 43600 et seq. of the Government Code of
<br /> the State of California (Monicip~l Bond Act of 1901), by
<br /> the results of a bond election conducted for two different
<br /> purposes, i
<br /> The two bond pmpossls authorized the incm'tx~ce of:
<br /> (1) a bonded debt of ~I,070,000 for the acquisition
<br /> of park sites and construction of appropriate park improve.
<br /> meats;
<br /> (2) a bonded debt of ~5,000 for the construction of
<br /> a new fire station, remodelin8 mad expansion of the existing
<br /> main fire station, and furnishings and fixtures for the facil-
<br /> ities.
<br /> The proposals were voted November 28, 1967. A ma-
<br />j6rity of 985 to 419 authorized the park bonds nmi a
<br />majority of 1,202 to 204 approved the fire protection bonds.
<br /> Proceeds of the Series B bonds will be used approxi-
<br />mately ns follows:
<br /> Park acquisition and improvement $320,000
<br /> Remodeling, expansion and furnishing of
<br /> the main fire station 215,000
<br />
<br /> Total $535,000
<br />NO ADDITIONAL BONDS
<br /> The $535,000 in bonds hereby offered will s~tisfy all
<br />project requirements. No other general obligation bonds
<br />are currently authorized.
<br />
<br />DESCRIPTION OF BONDS
<br />Data ~
<br /> AU bonds of this offering wili be dated October 1, 1968.
<br />Denomination
<br /> The bonds of this isle will be in the denornln~tion of
<br />
<br />Mmurity .egheduin
<br /> · Principal on the total &335,000 par value hereby offered
<br />w~ be p~yable on October 1 of each year, in accordance
<br />with the following schedule:
<br />
<br /> Pdndp~d Ihlnclpal
<br />Year
<br /> 1970 $5,~ 1985 $20,~
<br /> 1971 ~,~ 1~ 20~
<br /> 1972 5.~ 1~7 2~
<br /> 1973 10,~ 19~ 20~
<br /> 1974 10~ 19~ 20,~
<br /> 1975 I0,~
<br /> 1976 15,~ 1~1
<br /> 1977 15,~ 1~2
<br /> 1978
<br /> 1979 15,~ 1~ ~ ~,~
<br /> 1980 15~ ' 1~5 30,~
<br /> 1981 15,~ 1~ 30~
<br /> 1982 15~ 1~7 ~,~
<br /> 1983 15,~ 1~ 35,~
<br /> 19~ 15,~
<br />
<br /> The first interest l~tyment will be due October 1, 1969,
<br />one year from the date of the bond,t Imesest will be pay-
<br />able semi-annually thereafter, each April 1 and October
<br />L Interest rates, to he fixed upon the sale of the bonds,
<br />~t n,ot ~ 6%,per annurm--lhch rate bid must be a
<br /> ipte of ~ or 1/20 of I%. No bond shall beat more
<br />than one interest rate, all bonds of the same maturity shall
<br />bear the same rate, and each bond shall bear interest from
<br />its date m its fixed maturity date. The difference between
<br />the highest and lowest rates included in a single bid shah
<br />not exceed
<br />Paying Agent
<br /> The bonds and the interest thereon will be peyable in
<br />iaw~ ~o~f the United States of America at the o~ce
<br />of the America N. T. & S. A. in San Fnmc/soo,
<br />_.C~fomJa, or at holder's option, at the principal o~iee of
<br />First Narion~l City ]~nk in New York, or at the ottlee of
<br />the First National Bink of Chicago.
<br />
<br />
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