JOINT POWERS FINANCING AUTHORITY AGENDA PACKET 9-15-26

1 __________________________________ OFFICIAL STATEMENT __________________________________ $15,000,000* PLEASANTON JOINT POWERS FINANCING AUTHORITY 2026 WATER REVENUE BONDS INTRODUCTION This introduction is not a summary of this Official Statement. It is only a brief description of and guide to, and is qualified by, more complete and detailed information contained in the entire Official Statement, including the cover page and appendices hereto, and the documents summarized or described herein. A full review should be made of the entire Official Statement. Capitalized terms used but not defined in this Official Statement have the meanings given in the Indenture (as defined below). See “APPENDIX A – SUMMARY OF CERTAIN PROVISIONS OF THE PRINCIPAL LEGAL DOCUMENTS.” The Authority and the City. The Pleasanton Joint Powers Financing Authority (the “Authority”) is a joint exercise of powers authority established by the City of Pleasanton (the “City”) and the City of Pleasanton Housing Authority pursuant to a Joint Exercise of Powers Agreement, dated as of June 29, 1993, for the purpose, among others, of having the Authority issue its bonds to finance the acquisition, construction and improvement of certain public capital improvements in the City. The City is a general law city located in the County of Alameda (the “County”) in the San Francisco Bay Area. For background, demographic and economic information regarding the City and the County, see APPENDIX D – “GENERAL INFORMATION ABOUT THE CITY OF PLEASANTON AND THE COUNTY OF ALAMEDA.” Authority for Issuance. The bonds captioned above (the “2026 Bonds”) are being issued by the Authority under a resolution adopted by the governing body of the Authority, the provisions of Article 4 of Chapter 5, Division 7, Title 1 of the Government Code of the State of California (the “Bond Law”), and an Indenture of Trust dated as of October 1, 2026 (the “Indenture”), by and between the Authority and U.S. Bank Trust Company, National Association, as trustee. See “THE 2026 BONDS – Authority for Issuance.” Purpose of the 2026 Bonds. The 2026 Bonds are being issued to provide funds to (i) assist the City with financing certain improvements to the City’s water system (as further defined herein, the “Water System”), and (ii) pay the costs of issuing the 2026 Bonds. See “FINANCING PLAN.” Security for the 2026 Bonds. The 2026 Bonds are special obligations of the Authority, payable from the “Revenues” pledged under the Indenture, which consist primarily of installment payments (the “Installment Payments”) payable by the City to the Authority under an Installment Sale Agreement, dated as of October 1, 2026 (the “Installment Sale Agreement”) * Preliminary, subject to change. Page 129 of 205