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REGISTERED <br />Number <br /> <br />United States of America <br />State of California <br />County of Alameda <br /> <br />REGISTERED <br /> <br /> LIMITED OBLIGATION REFUNDING BOND <br /> CITY OF PLEASANTON <br />DUBLIN CANYON ROAD REASSESSMENT DISTRICT NO. 1990-1 <br />SERIES NO. 1990-1 <br /> <br />INTEREST RATE <br /> <br />REGISTERED OWNER: <br /> <br />MATURITY DATE <br /> <br />BOND DATE <br /> <br />CUSIP NUMBER <br /> <br />PRINCIPAL SUM: <br /> <br /> Under and by virtue of the Refunding Act of 1984 <br />for 1915 Improvement Act Bonds, Division 11.5 of the Streets and <br />Highways Code, (the "Act"), the City of Pleasanton, County of <br />Alameda, State of California, (the "City"), will, out of the <br />redemption fund for the payment of the bonds issued upon the <br />unpaid portion of reassessments made for the refunding of all <br />outstanding 1915 Act bonds in Dublin Canyon Road Reassessment <br />District No. 1990-1 more fully described in the Resolution of <br />Intention adopted by the City Council of the City of Pleasanton <br />on the 20th day of March, 1990, pay to the registered owner <br />stated above or registered assigns, on the maturity date stated <br />above, the principal sum stated above, in lawful money of the <br />United States of America and in like manner will pay interest <br />from the interest payment date next preceding the date on which <br />this Bond is authenticated, unless this Bond is authenticated and <br />registered as of an interest payment date, in which event it <br />shall bear interest from such interest payment date, or unless <br />this Bond is authenticated and registered prior to March 2, 1991, <br />in which event it shall bear interest from its date, until <br />payment of such principal sum shall have been discharged, at the <br />rate per annum stated above, payable semiannually on March 2 and <br />September 2 in each year commencing on March 2, 1991. Both the <br />principal hereof and redemption premium hereon are payable at the <br />principal corporate trust office of Bank of America National <br />Trust and Savings Association-Corporate Agency Division, or its <br />successor, as Transfer Agent, Registrar and Paying Agent, in San <br />Francisco, California, and the interest hereon is payable by <br /> <br />EXHIBIT B <br /> <br /> <br />