RES 85457 - Laserfiche WebLink

26031-4 JHHW:ACH:ea 09/13/85 5023H :cmw 09/23/85 :clb 09/30/85 $24,305,642 CITY OF PLEASANTON IMPROVEMENT BONDS ASSESSMENT DISTRICT No. 1982-4 NORTH PLEASANTON IMPROVEMENT DISTRICT (ALAMEDA COUNTY, CALIFORNIA) PURCHASE CONTRACT October 1, 1985 City Council City of Pleasanton 200 Bernal Avenue Pleasanton, California 94566 Honorable Members of the Council: The undersigned, Stone & Youngberg (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 Underwriter. This offer is made subject to the City's acceptance of this Purchase Contract on or before October 1, 1985, 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, $24,305,642 aggregate principal amount of the City of Pleasanton Improvement Bonds, Assessment District No. 1982-4, North Pleasanton Improvement District (hereinafter called the "Bonds"). The Bonds shall be dated October 15, 1985, and shall have the maturities and bear interest at the rates per annum shown on Exhibit A hereto, such interest being payable semiannually on March 2 and September 2, commencing March 2, 1986. The purchase price for the Bonds shall be $23,503,555.81, plus interest, if any, accrued on the Bonds from October 15, 1985, to the date of the payment for and delivery of the Bonds pursuant to paragraph 9 hereof (such payment for and delivery of the Bonds, and the other actions contemplated hereby to take place at the time of such payment and delivery, is herein sometimes called the "Closing").