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9/3/2026 <br />2 <br />Financing Team <br />City Staff <br />PFM – Municipal Advisor <br />Jones Hall – Bond and Disclosure Counsel <br />Siebert Williams Shank – Underwriter <br />U.S. Bank – Trustee <br />3 <br />Background <br />•On August 11, 2026, the City Council adopted a resolution declaring the <br />City’s intention to reimburse expenditures relating to capital improvement <br />projects <br />•Replace aging infrastructure to maintain or improve system reliability <br />and operability <br />•Improve water system capacity <br />•Comply with regulatory requirements <br />•Align with ONE Pleasanton strategic plan goal of Investing in Our <br />Environment <br />•The costs are estimated at $15.0M <br />4 <br />3 <br />4 <br />Page 283 of 318