RES 90061 - Laserfiche WebLink

$1,560,000 LIMITED OBLIGATION REFUNDING BONDS CITY OF PLEASANTON DUBLIN C~tNYON ROAD REASSESSMENT DISTRICT NO. 1990-1 PURCHASE CONTRACT March 22, 1990 Honorable City Council City of Pleasanton Pleasanton, California Dear city Council Members: Miller & Schroeder Financial, Inc. (the "Underwriter"), acting not as fiduciary or agent for you, but on behalf of itself, offers to enter into this Purchase Contract with the City of Pleasanton (the "City"), which upon acceptance will be binding upon the City and upon the Underwriter. This offer is made subject to the City's acceptance by the execution of this Purchase Contract and its delivery to the Underwriter at or before 11:59 p.m., local time, on the date set forth hereinabove, 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, Sale and Delivery of the Bonds. (a) Subject to the terms and conditions and in reliance upon the representation, warranties and agreements herein set forth, the Underwriter hereby agrees to purchase from the City, and the City hereby agrees to sell to the Underwriter, all (but not less than all) of the Limited Obligation Refunding Bonds, City of Pleasanton, Dublin Canyon Road Reassessment District No. 1990-1 (the "Bonds"), in an aggregate principal amount of $1,560,000, dated April 5, 1990, bearing interest from said date (payable on March 2 and September 2 in each year commencing March 2, 1991) at the rates per annum and maturing on the dates in the amounts set forth in Exhibit A hereto. The purchase price for the Bonds shall be ninety-eight percent (98%) of the principal amount thereof plus accrued interest, if any, on the Bonds from the date thereof through the Closing Date (hereinafter defined). The Bonds shall 2277\pc