RES 83172 - Laserfiche WebLink

0289H JHHW:ACH:ea Uqll~t~3 $45,775,000 CITY OF PLEASANTON IMPROVEMENT BONDS ASSESSMENT DISTRICT 1983-2 HACIENDA BUSINESS PARK (Alameda County, California) PURCHASE CONTRACT April 26, 1983 City Council City of Pleasanton 200 Bernal Avenue Pleasanton, California 94566 Dear Members of the City Council: The undersigned, Stone & Youngberg (hereinafter called the "Underwriter'l), 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 7:30 p.m.P.D.S.T., or as soon thereafter as possible, on April 26, 1983, and, if not so accepted, will be subject to withdrawal by the Underwriters 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, $45,775,000 aggregate principal amount of the City of Pleasanton Improvement Bonds, Assessment District 1983-2 Hacienda Business Park (hereinafter called the "Bonds"). The Bonds shall be dated May 15, 1983, and shall have the maturities and bear interest at the rates per annum shown on Exhibit A hereto, such interest being payable commencing on January 2, 1984, and semiannually thereafter on July 2 and January 2 in each year. The purchase price for the Bonds shall be $43,944,000, plus interest, if any, accrued on the Bonds from May 15, 1983, 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").