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$9,500,000 <br /> <br /> CITY OF PLEASANTON IMPROVEMENT BONDS <br /> ASSESSMENT DISTRICT 1986-5 <br /> MEYER CENTER REFUNDING DISTRICT <br /> (ALAMEDA COUNTY, CALIFORNIA) <br /> <br /> PURCHASE CONTRACT <br /> <br /> April 15, 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 15, 1986, and, if not so accepted, will be subject <br />to withdrawal by the Underwriter upon written notice <br />delivered to the City at any time prior to the acceptance <br />hereof by the City. <br /> <br /> 1. 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, $9,500,000 aggregate <br />principal amount of the City of Pleasanton Improvement <br />Bonds, Assessment District No. 1986-5, Meyer Center <br />Refunding District (hereinafter called the "Bonds"). The <br />Bonds shall be dated May 1, 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 $9,215,000, <br /> <br /> <br />