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$6,395,000 <br /> <br /> CITY OF PLEASANTON IMPROVEMENT BONDS <br /> ASSESSMENT DISTRICT 1986-4 <br /> NORTH PLEASANTON FIRE PROTECTION REFUNDING DISTRICT <br /> (A,LAMEDA COUNTY, CALIFORNIA) <br /> <br /> PURCHASE CONTRACT <br /> <br /> April 1, 1986 <br /> <br />City Council <br />City of Pleasanton <br />200 Bernal Avenue <br />Pleasanton, California 94566 <br /> <br />Dear Members of the City Council: <br /> <br /> The undersigned, Imperial Securities Corporation <br />(heroinafter called the "Underwriter") offers to enter into <br /> ! <br />the following agreement with the City of Pteasan~on <br />(heroinafter sometimes called the "City"), which, upon the <br />City's acceptance of this offer, will be binding upon the <br />City and upon the Underwriters. This offer is made subject <br />to the City's acceptance of this Purchase Contract on or <br />before 10:00 p.m. P.S.T., or as soon thereafter as possible, <br />on April 1, 1986, and, if not so accepted, will be subject <br />te withdrawal by the UndeF~Triter upon written notice <br />delivered to the City at any time prior to-the acceptanc~ <br />hereof by the City. <br /> <br /> 1. Upon the terms and conditions, and upon the basis <br />of representations set forth heroin, the Underwriter hereby <br />agrees to purchase from the City, and the City hereby agrees <br />to sell and deliver to the Underwriter, $6,395,000 aggregate <br />principal amount of the City of Pleasanton Improvement <br />Bonds, Assessment District 1986-4, North Pleasanton Fire <br />Protection District Refunding District (heroinafter called <br />the "Bonds"). The Bonds shall be dated May 1, 1986, and <br />shall have the maturities and bear interest at the rates per <br />annum shown on Exhibit A attached hereto, such interest <br />being payable semiannually on Septenter 2 and March 2, <br />commencing March 2, 1987. The purchase price for the Bonds <br />shall be $6,139,200 plus accrued interest accrued on the <br /> <br /> <br />