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October 1, 2007 <br />CONTINUING MARKET DISCLOSURE <br />for <br />PLEASANTON JOINT POWERS FINANCING AUTHORITY <br />City of Pleasanton, CA <br />$6,000,000 <br />Reassessment Revenue Refunding Bonds <br />Series 2004A <br />$70,485,000 <br />Reassessment Revenue Refunding Bonds <br />Series 2004B <br />Pursuant to Section 4 of the Continuing Disclosure Agreement, the City of Pleasanton is providing the <br />following continuing market disclosure. <br />FUNDS AND ACCOUNTS <br />The balances for all accounts held by the City, the Authority or Trustee on September 30, 2007 are: <br />Payment Fund $ 3,735,183 <br />Reserve Fund: 141 <br />Redemption Fund (Series A) 0 <br />Delivery Costs Fund: 0 <br />Principal Fund: 0 <br />Interest Fund: 0 <br />Rebate Fund: 0 <br />On September 4, 2007 the Authority made an interest payment of $4,806 for the Series A bonds and <br />principal and interest payments totaling $12,519,131 for the Series B bonds. In addition, during the past <br />year the Authority made an extraordinary call of $55,000 on the Series A bonds due to prepayments <br />prior to September 2007. The Series A outstanding principal after September 4, 2007 is $115,000. The <br />Series B outstanding principal balance is $35,950,000. <br />On September 4, 2007 the Authority replaced the $3,824,250 cash component of the Reserve Fund with <br />a surety bond. The Reserve Fund obligation is now met with two surety bonds, both with Financial <br />Security Assurance (FSA), totaling $7.6 million. <br />DEVELOPMENT <br />Construction is in progress on a second Bay Area Rapid Transit (BART) Pleasanton station off of <br />Stoneridge Mall Road near the intersections of I-580 and I-680. The station will be named "West <br />