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$4,775,000 <br /> <br /> CITY OF PLEAS~2qTON IMPROVEMENT BONDS <br /> ASSESSMENT DISTRICT 1986-3 <br /> STONERIDGE BUSINESS CENTER REFUNDING DISTRICT <br /> (ALD~MEDA COUNTY, CALIFORNIA) <br /> <br /> PURC?LASE 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 />(hereinafter called the "Underwriter"), offers to enter into <br />the following agreement with the City of Pleasanton <br />(hereinafter 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 />to withdrawal by the Underwriter upon written notj. ce <br />delivered to the City at any time prior to -the acceptance <br />hereof by the City. <br /> <br /> I. Upon the terms and conditions, and upon the basis <br />of representations set forth herein, the Underwriter hereby <br />agrees to purchase from the City, and the City hereby agrees <br />to sell and deliver to the Underwriter, $4,775,000 aggregate <br />principal amount of the City of Pleasantcn Improvement <br />Bonds, Assessment District 1986-3, Stoneridge Business <br />Center Refunding District (hereinafter called the "Bonds"). <br />The Bonds shall be dated April 17, 1986, and shall have the <br />maturities and bear interest at the rates per annum shown on <br />Exhibit A attached hereto, such interest being payable <br />semiannually on September 2 and March 2, commencing March 2, <br />1987. The purchase price for the Bonds shall be $4,631,750, <br /> <br /> <br />