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United States of America <br /> State of California <br /> County of Alameda <br /> <br />REGISTERED REGISTERED <br />Number <br /> <br /> LIMITED OBLIGATION IMPROVEMENT BOND <br /> CITY OF PLEASANTON <br /> ASSESSMENT DISTRICT NO.1988-1 <br /> OLD SANTA RITA ROAD <br /> SERIES NO. 1988-1 <br /> <br />INTEREST RATE MATURITY DATE BOND DATE CUSIP NUMBER <br /> <br />REGISTERED OWNER: <br />PRINCIPAL SUM: DOLLARS <br /> <br /> Under and by virtue of the Improvement Bond Act of 1915, <br />Division 10 (commencing with Section 8500), 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 unpaid <br />portion of assessments made for the acquisition, work and <br />improvements more fully described in proceedings taken pursuant to <br />Resolution of Intention No. 88-345, adopted by the City Council of <br />the City of Pleasanton on the 19th day of July, 1988, pay to the <br />registered owner stated above or registered assigns, on the maturity <br />date stated above, the principal sum stated above, in lawful money <br />of the United States of America and in like manner will pay interest <br />from the interest payment date next preceding the date on which this <br />Bond is authenticated, unless this Bond is authenticated and <br />registered as of an interest payment date, in which event it shall <br />bear interest from such interest payment date, or unless this Bond <br />is authenticated and registered prior to March 2, 1990, in which <br /> <br /> EXHIBIT B <br /> <br /> <br />