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PRELIMINARY OFFICIAL STATEMENT
<br />NEW ISSUE
<br /> In the opi.ion of Bond Connsel, under existing laws, regulations, rulin s and judicial decisions, interest on the
<br />Bonds is exempt from State of California perso.al income taxes, is excluded~om gross income Jbr purposes of i.come
<br />taxation by the United States o. f America, and is not an item of tax preference for purposes of the alternative minimum
<br />tax imposed by the United States on individuols and corporation& subject to certain qualifications more particulorly
<br />described uncler th.e heading "TAX EXEMPTION" herein.
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<br />County of Alameda State of California
<br /> $6,200,000*
<br /> CITY OF PLEASANTON
<br /> LIMITED OBLIGATION IMPROVEMENT BONDS
<br /> Assessment District No. 1987-1, Koll Center Pleasanton
<br /> Alameda County, California
<br /> (Property Secured Only-No lssuer Liability)
<br />
<br />Dated: Due: September 2. as shown below
<br />The Bonds are issued by the City of Pleasanton, California ~;rsuant to the Improvement Bond Act of 1915 and are
<br />secured by unpaid assessments cried in proceedir~s conducted the City pursuant to the Municipal Improvement Act
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<br />of 1913 for Assessment District No. 1987-1, Koll enter Pleasanton.
<br /> The Bonds are issued only as fully registered Bonds in the denomination of $5,000 each or any integral multiple
<br />thereof. Interest is payable on September 2, 1988. and semiannually thereafter on March 2 and September 2 in each year.
<br />The rincipal of and premium, if any, on the Bonds are payable at the Co orate Trust Office of Bank of America,
<br />N.T.J~S.A., San Francisco, California, Re 'strar, Transfer and Paying Agent.rl~noterest on the Bonds is payable by check
<br />or draft mailed to the registered owners :t~2reof. The Bonds will mature on September 2 of each of the years and in the
<br />amounts, and will bear interest at the rates, as set forth in the following schedule.
<br />
<br /> MATURITY SCHEDULE
<br />Due Interest Due Interest
<br />Sept, 2 Amount Rate Prie~ Sept. 2 Amount Rate Price
<br />1989 ................... $145,000 % % 1999 ................... $285.000 % %
<br />1990 ................... 155,000 2000 ................... 310 000
<br />1991 ................... 165,000 2001 ................... 335 000
<br />1992 ................... 175,000 2002 ................... 365 000
<br />1993 ................... 185,000 2003 ................... 395 000
<br />1994 ................... 200,000 2004 ................... 425 000
<br />1995 ................... 215,000 2005 ................... 465 000
<br />1996 ................... 230,000 2006 ................... 505 000
<br />1997 ................... 245,000 2007 ................... 545 000
<br />1998 ................... 265,000 2008 ................... 590 000
<br />
<br /> The maturity of any Bond may be advanced to any March 2 or September 2 and the Bond redeemed prior to its stated
<br />maturity date by the City Finance Director if there are sufficient surplus funds available for that purpose in the
<br />Redemption Fund. Such surplus funds may be derived from prepaid assessments or the proceeds of refunding bonds
<br />issued by the City at its option. Notice of advance maturity must be given at least 60 days riot to the date of advance
<br />maturity. Upon surrender and cancellation of any such Bond, the Paying Agent will pay t~ principal thereof and the
<br />interest accrued thereon to the date of the advance maturity (unless the Bond has been sooner surrendered), together
<br />with a premium of three percent (3%) of the principal amount thereof.
<br /> The Bonds are not secured by the general taxing power of the City of Pleasanton, the State of California or any of
<br />its political subdivisions, nor is the full faith and credit of the City, the State of California or any of its olitical
<br />subdivisions pied ed to the payment of the Bonds. The City shall not be obligated to use available funds (inclufing any
<br />surplus funds), o~er than the Reserve Fund, to purchase delin uent parcels or pay the delinquent installment and future
<br />installments on the assessments on delinquent parcels. The h~o{~ders of the Bonds must assume, therefore, that the sole
<br />source of funds for the purchase of such parcels and the payment of such assessments will be the Reserve Fund. Such
<br />utilization of the Reserve Fund could result in the City not having sufficient funds available to pay the full amount of the
<br />principal of and interest on the Bonds. (See "SECURITY FOR THE BONDS, No Pledge of City Funds" herein).
<br /> See the section of this Official Statement entitled "SPECIAL RISK FACTORS"for a discussion of special factors
<br />which should be considered, in addition to the other matters set forth herein, in evaluating the investment quality of the
<br />Bonds.
<br /> The Bonds are offered when, as and if issued, subject to approval of Sturgis, Ness, Brunsell & Sperry, a rofessional
<br />corporation, Emeryville, California, Bond Counsel, and the approval of certain le al matters by Howell & ~-F~llgrimson,
<br />a Professional Corporation, Pleasanton, California, Counsel to the Underwriter. ~l~e Bonds are expected to be available
<br />for delivery on or about January 19, 1988, in San Francisco, California.
<br />
<br /> Miller & Schroeder Financial, Inc.
<br /> The date of this Official Statement is
<br />December lo, 987
<br />~ Subject to change-
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