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'WULFF, HANSEN & <br /> <br /> INVESTMENT SECURITIES <br /> ;aOI SANSOME STREET, 7TM FLOOR <br /> SAN FRANCISCO 94104 <br /> <br />July 14, 1982 <br /> <br />Municipal Financing <br /> <br />Special Assessment <br />and Revenue Bonds <br /> <br />County <br />City <br />Special district <br /> <br />industrial <br />Residential <br />Hospital <br />Public <br /> <br />Street opening <br />Sewer <br />Water <br />Landscaping <br />Sidewafks <br />Curbs <br />Gutters <br />Llghtlng <br />Drainage <br />Traffic control <br />Parking <br />Meters <br />Pedestrial mails <br />Parks <br />Playground <br />Recreation <br />Refinancing <br />Renovation <br />Dredging <br />Reclamation <br /> <br />City Council <br />City of Pleasanton <br />City Hall <br />Pleasanton, California <br /> <br />Re: Valley Business Park Assessment District <br /> <br />Dear Council 14embers: <br /> <br /> This letter will serve as an agreement between the <br />City of Pleasanton (the "City") and Wulff, Hansen& Co. <br />(the "Managing Underwriters") to serve as Managing <br />Underwriters to the City until the parties enter into an <br />actual Purchase Contract regarding the negotiated sale of <br />the City's Improvement Bonds for the above-named project, <br />to be issued by the City pursuant to the Improvement Bond <br />Act of 1915 and the Procedural Act of 1913 (the "Bonds"). <br /> <br /> You have informed us that the City intends to issue <br />Bonds providing funds to a~Juire various public improve- <br />ments and for this purpose requires the services of <br />Managing Underwriters to structure the financing and to <br />enter into a Purchase Contract that is agreeable to both <br />parties. <br /> <br /> As Managing Underwriters, we will use our utmost <br />efforts to raise funds at the most reasonable rates <br />attainable in the market under then existing conditions. <br />In amplification of the understanding between the City <br />and the Managing Underwriters, we agree to undertake the <br />below listed services and functions. <br /> <br />A. Structuring the Financing: <br /> <br />Work with your staff and property owners <br />in developing the scope of the financial <br />feasibility and assessing the marketability <br />of the project. <br /> <br />NEARLY HALF A CENTURY HELPING CALIFORNIANS <br /> <br /> <br />