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Attachment 1 REVOLVING LINE OF CREDIT AGREEMENT This Revolving Line of Credit Agreement (the "LOAN AGREEMENT") is made and entered into in this day of , 2009, by and between the City of Pleasanton, a municipal corporation ("LENDER"), and Pleasanton Unified School District, a public entity ("BORROW GR"). In consideration of the mutual covenants and agreements contained herein, the parties agree as ft>llows: L LINE OF CREDIT. Lender hereby establishes for a period extending to Junc 30, 2013 (the "MATURITY DATE") a revolving line of credit (the "CREDIT LINE") for Borrower in the principal amount of One Million Two Hundred Thousand Dollars ($1,200,000.00) (the "CREDIT LIMCf"). In connection herewith, Borrower shall execute and deliver to [.ender a Promissory Notc in the amount of the Credit Limit and in form and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "ADVANCE") shall become part of the principal of said Promissory Note. 2. ADVANCES. Any rcqucst for an Advance may be made from time to time and in such amounts as Borrower may choose; provided, however, any requested Advance will not, when added to the outstanding principal balance of all previous Advances, exceed the Credit Limit. Requests for Advances must be made in writing by such officer of Borrower authorized by it to request such Advances. Until such time as Lender may be notified otherwise, Borrower hereby authorizes its School Superintendent or Assistant School Superintendent of Business Services to rcqucst Advances. Lender may deposit or credit the amount of any requested Advance to Bon~ower's checking account as designated herein by Borrower. Any change in the checking account must be provided in writing to Lender. Lender may refuse to make any requested Advanec if an event of default has occurred and is continuing hereunder either at the time the rcqucst is given or the date the Advance is to be made, or iC an event has occurred or condition exists which, with the giving of notice or passing of time or both, would constitute an event of default hereunder as of such dates. The funds from the Advances will be used by the Borrower for making a portion of the semi-annual lease payments on the Borrower's outstanding 2003 Financing Project Certificates of Participation ($43.7M) and the Capital Improvement Financing Projects, Series K ($15.7M) Certificates of Participation (collectively, the °COPs") in connection with the operations of the Borrower. 3. INTEREST. All sums advanced pursuant to this Agreement shall bear interest from the date each Advance is made until paid in full at the Bank of America prime rate per annum, simple interest (the "EFFECTCVE RATF,"). 4. REPAYMENT. Borrower shall pay aca~ued interest on the outstanding principal balance of the Advanec commencing on the date that the Advance is drawn and recorded and continuing until fully repaid. The entire unpaid principal balance, together with any accrued