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THE BONDS
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<br />Authority for Issuance
<br />
<br /> The improvement proceedings for the City of Pleasanton Assessment District
<br />No. 1984-1, Hopyard Road, are being conducted pursuant to the Municipal
<br />Improvement Act of 1913 ("the 1913 Act") and Resolution of Intention No.
<br />84-92, adopted by the City Council on February 28, 1984. The Bonds, which
<br />represent the unpaid assessments levied against property in the District are
<br />issued pursuant to the provisions of the Improvement Bond Act of 1915 ("the
<br />Bond Law") and Resolution No. adopted by the City Council on April 10,
<br />1984, ("the Bond Resolution").'
<br />
<br />Description of the Bonds
<br />
<br />The $18,488,000 principal amount of Bonds are dated May 2, 1984.
<br />
<br /> The Bonds are serial Bonds and mature in various amounts on each July 2
<br />commencing July 2, 1985 and ending July 2, 2004. Interest is payable
<br />commencing on January 2, 1985, and semi-annually thereafter on July 2 and
<br />January 2 of each fiscal year until maturity. The Bonds are issued only as
<br />fully registered Bonds in denominations of $5,000 or any integral multiple
<br />thereof except for one Bond in an odd amount due in 1985. Principal of,
<br />interest at maturity or upon earlier redemption, as applicable, and premiums,
<br />if any, on the Bonds are payable at the Bank of America N.T. & S.A., Corporate
<br />Agency Division, San Francisco, California Paying Agent, Registrar and
<br />Transfer Agent. Interest (other than at maturity or upon earlier redemption)
<br />shall be paid by check or draft of the Paying Agent mailed to the registered
<br />owners (as shown on the registration books kept by the Paying Agent) as of the
<br />preceeding June 15 or December 15, as applicable. The Bonds mature in the
<br />amounts and on the dates as shown in the following maturity schedule.
<br />
<br /> Due Amount Due Amount
<br />July 2 Maturing* July 2 Maturing*
<br />
<br />1985 $ 158,000 1995 $ 835,000
<br />1986 385,000 1996 920,000
<br />1987 415,000 1997 1,010,000
<br />1988 450,000 1998 1,115,000
<br />1989 485,000 1999 1,225,000
<br />1990 530,000 2000 1,350,000
<br />1991 580,000 2001 1,490,000
<br />1992 630,000 2002 1,645,000
<br />1993 695,000 2003 1,810,000
<br />1994 760,000 2004 2,000,000
<br />
<br />*Preliminary. Subject to change.
<br />
<br />Redemption of Bonds
<br />
<br /> Any Bond may be called for redemption prior to maturity on any January 2
<br />or July 2 upon payment of 105 percent of par value, plus accrued interest to
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