RES 88015 - Laserfiche WebLink

CITY OF PLEASANTON LIMITED OBLIGATION IMPROVEMENT BONDS ASSESSMENT DISTRICT NO. 1987-1, KOH- CENTER PLEASANTON ALAMEDA COUNTY, CALIFORNIA (1915 Act Bonds Secured Only - No Issuer Liability) PURCHASE CONTRACT January5,1988 Honorable City Council City of Pleasanton 200 Bernal Avenue Pleasanton, California 94566 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 u on the Underwriter. This offer is made sub'ect to the City's acce tance by the execution oFthis Purchase Contract and its delivery to t~e Underwriter at or gefore 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 City of Pleasanton, 1915 Act Limited Obligation Improvement Bonds for Assessment District No. 1987-1, Koll Center Pleasanton (the "Bonds"), in an aggregate principal amount not to exceed $6,200,000, dated as of January 19, 1988, bearing interest from sa~d date ( ayable on March 2 and September 2 in each year commencing on September 2, 1988) at t~ea rates per annum and maturing on the dates in the amounts set forth in Exhibit A hereto. The urchase price for the Bonds shall be ninety-seven percent (97%) of the principal amount ~ereof plus accrued interest, if any, on the Bonds from the date thereof throu h the Closing Date (hereinafter defined). The Bonds shall be substantially in the ~rm described herein, shall be issued and secured under the provisions of, and shall be p. ayable and subject to redemption as provided in, a Resolution adopted by the City Council of the City on January 5, 1988, (as amended from time to time, the "Resolution"), the Preliminary Official Statement relating to the Bonds attached hereto as Exhibit "B" (the "Preliminary Official Statement") and the Improvement Bond Act of 1915, constituting Division 10 of the Streets and Highways Code of the State of California (the "Act").