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BID FORN FOR 1915 ACT BONDS
<br />
<br /> CITY OF ~LEASANTON
<br /> C/O STOI~E & YOUNGBERG
<br /> One California Street, Suite 2800
<br /> San Francisco, CA 9411i ·
<br />
<br /> FOR: Bid for City of Pleasanton
<br /> Limited Obligation Improvement Bonds
<br /> Assessment District No. 1986-9 Series A
<br /> North Pleasanton Improvement District No. 3
<br /> $22,126,599.24
<br />
<br />In accordance with all terms and conditions of your Notice of Sale of
<br />Improvement Bonds, Improvement Bond Act of 1915, Assessment District
<br />No. 1986-9 dated July 29, 1987, we submit the following bid for the City of
<br />Pleasanton Limited 01igation Improvement Bonds (Improvement Bond Act of 19151
<br />to be dated August 28, 1987, with interest payable March 2, 1988 and
<br />thereafter semiannually on September 2 and March 2:
<br />
<br /> Interest Interest
<br />September 2 Amount Rate September 2 Amount Rate
<br />
<br /> 1988 $ 6,599.24 5.00 % 1998 $1,195,000.00 7_70 l
<br /> 1.989 5,000.00 5.50 l 1999 1,285,000.00 7.75 l
<br /> 1990 5,000.00 6.0Q l 2000 ],390,000.00 7.75 !
<br /> 199l 5,000.00 6.25l 2001 1~500,000.00 7.75 I
<br /> 1992 5,000.00 6.50 I 2002 1,620,000.0G 7.75 %
<br /> 1993 845,000.00 6,50 I 2003 1,750,000.00 7.75 %
<br /> 1994 900,000.00 6.75 l 2004 1,885,000.00 7_75 %
<br /> 1995 965,000.00 7.00 I 2005 2,040,000.00 7.75 ~
<br /> 1996 1,035,000.00 7.25% 2006 2,200,000.00 7_75 %
<br /> 1997 __l,llO,O00.O0 7.25l 2007 2~380,000.00 7_75 %
<br />
<br />We will pay 98.003 l for a total of $21,684,731.05 which is a discount of
<br />$441,868.19 from the $22,126,599.24 par value, plus accrued interest to date
<br />of delivery. As a matter of information, the interest cost, in accordance
<br />with the above bid, is:
<br />
<br /> Gross Interest Cost
<br /> Discount $ 441.868.19
<br /> TOTAL NET INTEREST COST $24.768.611.75
<br /> Effective Net Interest Rate 7.7963
<br />
<br />This offer is subject to a satisfactory legal opinion by Sturgis, Ness,
<br />Brunsell & Sperry, a professional corporation of Emeryville, California,
<br />approving the validity of the Bonds, at your expense.
<br />
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