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EXHIBIT B2 <br /> <br /> OPINION OF COUNSEL <br /> to <br /> CITY OF PLEASANTON <br /> <br /> [Closing Date] <br /> <br />Califomia Statewide Communities Development Authority <br />Sacramento, California <br /> <br />Wells Fargo Bank, National Association <br />Los Angeles, California <br /> <br /> Re: Sale of VLF Receivable (Bringdown Opinion) <br /> <br />Ladies & Gentlemen: <br /> <br /> Pursuant to that certain Purchase and Sale Agreement dated March 2, 2005 (the <br />"Sale Agreement") between the City of Pleasanton (the "Seller") and the California Statewide <br />Communities Development Authority (the "Purchaser"), this Office delivered an opinion (the <br />"Opinion") dated the Pricing Date (as defined in the Sale Agreement) as counsel for the Seller in <br />connection with the sale of the Seller's VLF Receivable (as defined in the Sale Agreement), the <br />execution of documents related thereto and certain other related matters. <br /> <br /> I confirm that you may continue to rely upon the Opinion as if it were dated as of <br />the date hereof. Each Credit Enhancer, the underwriters of the Notes and Transaction Counsel <br />may rely upon this legal opinion as if it were addressed to them. This letter is delivered to you <br />pursuant to Section 2(b)(ii)(1) of the Sale Agreement. <br /> <br /> Very truly yours, <br /> <br /> By: <br /> Seller's Counsel <br /> <br />Taxable <br />DOCSSF1:7953973 B2- I <br /> <br /> <br />