RES 90022 - Laserfiche WebLink

CITY OF PLEASANTON Assessment District No. 1986-9, Series C North Pleasanton Improvement District No. 3 Umited Obligation Improvement Bonds PURCHASE CONTRACT City Council City of Pleasanton, California Ladies and Gentlemen: Prudential-Bache Capital Funding (hereinafter referred to as the "Underwriter") offers to enter into this purchase contract (the "Purchase Contract") with the City of Pleasanton (herein referred to as the "City"), which, upon the City's acceptance hereof, will be binding upon the City and the Underwriter. This offer is made subject to the City's acceptance by resolution of the City Council approving this Purchase Contract on the date hereof, and, if not so accepted, will be subject to withdrawal by the Underwriter upon notice delivered to the City at any time prior to the acceptance hereof by the City. 1. Purchase and Sale. Upon the terms and conditions and upon the basis of the representations, warranties and agreements hereinafter set forth, the Underwriter hereby agrees to purchase from the City for offering to the public, and the City hereby agrees to sell to the Underwriter for such purpose, all (but not less than all) of the Limited Obligation Improvement Bonds, City of Pleasanton, Assessment District No. 1986-9, Series C, North Pleasanton Improvement District No. 3, (hereinafter referred to as the "Bonds"), dated , in an aggregate principal amount not to exceed , the Bonds having the maturities and bearing interest at the rates set forth in Exhibit A hereto, such interest being payable commencing March 2, 1991 and semiannually thereafter on September 2 and March 2. The purchase price of the Bonds shall be . , which is the aggregate principal amount of the Bonds, less an underwriting discount of 2. The Official Statement and Authorizing Instruments. The Bonds shall be otherwise as described in the Official Statement of the Underwriter, attached hereto as Exhibit B and dated the date hereof, relating to the Bonds (which, together with all reports contained therein, and with such changes therein and supplements thereto which are consented to in writing by the City, is herein called the "Official Statement"), and shall be issued and secured under the provisions of the Improvement Bond Act of 1915 (California Streets and Highways Code Section 8500 et seq.) (the "Bond Law") and (the "Resolution of Issuance") and are secured by assessments levied under the provisions of the -1-