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MUNICIPAL BONDS
<br />
<br />April 26, 1983
<br />
<br />City Council
<br />City of Pleasanton
<br />City Hall
<br />200 BernalAvenue
<br />Pleasanton, California 94566
<br />
<br />.Gentlemen:
<br />
<br />For not to exceed $2,310,443.00 par value legally issued Improvenent
<br />Bonds, City of Pleasant~n, Dublin Canyon Road Improverents, Assess-
<br />ment District 1982-1, dated on or about May 28, 1983, maturing
<br />serially frcm July 2, 1984 to July 2, 1998, subject to all of the
<br />terms and conditions following, we will pay
<br /> 96.75% of the par value thereof, with accrued
<br />interest to the date of delivery, for bonds bearing interest at the
<br />rates and maturing in the approximate amounts shown below:
<br />
<br /> INTEREST PRINCIPAL INTEREST PRINCIPAL
<br />YEAR RATE AMOUNT YEAR RATE AMOUNT
<br />
<br />1984 6.00 % $10,443.00 1992 8.75 % $ 160,000.00
<br />1985 6.50 90,000.00 1993 8.90 175,000.00
<br />1986 7.00 95,000.00 1994 9.00 190,000.00
<br />1987 7.5O 105,000.00 1995 9.10 210,000.00
<br />1988 7.75 115,000.00 1996 9.20 230,000.00
<br />1989 8.00 125,000.00 1997 9.30 250,000.00
<br />1990 8.25 135,000.00 1998 9.30 270,000.00
<br />1991 8.50 150,000.00
<br />
<br />Said bends shall be in the denomination of $5,000 each, except there
<br />may be one bond, due July 2, 1984, in an odd dea~mination.
<br />
<br />This bid is made for acceptance by the City Council on
<br />and is subject to the unqualified approving legal opinion of Sturgis,
<br />Hess, Brunsell & Sperrf, to be furnished to us at yottr expense. Said
<br />legal opinion is to be printed on the bonds at your expense.
<br />
<br />Delivery of these bonds is to be made to us on or about June 15, 1983,
<br />but in no eveat, later than June 30, 1983. If the bonds are not ~en-
<br />dered for delivery to us acc~eanied by said approving legal opinion
<br />within the time stated in this proposal, we shall have the right, at
<br />our option, to cancel the contract of purchase. However, by mutual
<br />agreement, the time for delivery maybe extended.
<br />
<br />This bid is also made subject to the following terms and conditions:
<br />
<br /> A) The bonds to be sold will be secured by unpaid assessments
<br />levied upon private property within said Assessment DiStrict, and
<br />authorized by proceedings taken pursuant to "Municipal Improvement Act
<br />of 1913", being Division 12 of the Streets and Highways Cede of the State
<br />of California, and are to'be issued pursuant to the provisions of the
<br />
<br /> (cont.)
<br />8350 Wilshire Boulevard, Beverly Hills, CA 90211 (213) 650-4001
<br />Branch Oftices: Ca~rnel. San Diego Member: NASD, SIPC
<br />
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