RES 86187 - Laserfiche WebLink

$6,120,000 CITY OF PLEASANTON IMPROVEMENT BONDS ASSESSMENT DISTRICT 1986-4 VALLEY BUSINESS PARK NO. 2 (ALAMEDA COUNTY, CALIFORNIA) PURCHASE CONTRACT May 1, 1986 City Council City of Pleasanton 200 Bernal Avenue Pleasanton, California 94566 Dear Members of the City Council: The undersigned, A. R. Altura & Company, Inc. (hereinafter called the "Underwriter"), offers to enter into the following agreement with the City of Pleasanton (hereinafter sometimes called the "City"), which, upon the City's acceptance of this offer, will be binding upon the City and upon the Underwriters. This offer is made subject to the City's acceptance of this Purchase Contract on or before 10:00 p.m.P.S.T., or as soon thereafter as possible, on May 1, 1986, and, if not so accepted, will be subject to withdrawal by the Underwriter upon written notice delivered to the City at any time prior to the acceptance hereof by the City. 1. Upon the terms and conditions, and upon the basis of representations set forth herein, the Underwriter hereby agrees to purchase from the City, and the City hereby agrees to sell and deliver to the Underwriter, $6,120,000 aggregate principal amount of the City of Pleasanton Improvement Bonds, Assessment District 1986-4, Valley Business Park No. 2 (hereinafter called the "Bonds"). The Bonds shall be dated May 15, 1986, and shall have the maturities and bear interest at the rates per annum shown on Exhibit A attached hereto, such interest being payable semiannually on September 2 and March 2, commencing March 2, 1987. The purchase price for the Bonds shall be $5,875,200 for payment for and delivery of the Bonds pursuant to paragraph 9 hereof (such payment for and delivery of the Bonds, and the other EXHIBIT A