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Brown & Wood <br /> Draft of 9/8/87 <br /> <br /> 1987 CERTIFICATES OF PARTICIPATION <br /> <br /> For <br /> Capital Projects I and II <br /> Evidencing the Fractional Undivided Interests of the <br /> Owners thereof in Rental Payments to be made by the <br /> <br /> CITY OF PLEASANTON <br /> CONTRACT OF PURCHASE <br /> <br /> September _, 1987 <br /> <br />City of Pleasanton <br />200 Old Bernal Road <br />Pleasanton, California 94566-0802 <br /> <br />City of Pleasanton Public Facilities Corporation <br />200 Old Bernal Road <br />Pleasanton, California 94566-0802 <br /> <br />Ladies and Gentlemen: <br /> <br /> Rauscher Pierce Refsnes, Inc., as underwriter (the <br />"Underwriter"), does hereby offer to enter into this Contract <br />of Purchase with you, City of Pleasanton, a municipal <br />corporation organized under the laws of the State of California <br />(the "City"), and with you, City of Pleasanton Public <br />Facilities Corporation, a nonprofit public benefit corporation, <br />as lessor (the "Lessor") under a Lease (as hereinafter defined) <br />with the City, for the purchase by the Underwriter and the <br />execution and delivery to be caused by the City, the Lessor and <br />Bank of America, National Trust and Savings Association, as <br />trustee (the "Trustee"), of the 1987 Certificates of <br />Participation For Capital Projects I and II, specified below. <br />This offer is made subject to acceptance by the City and the <br />Lessor prior to 11:59 P.M., San Francisco time, on the date <br />hereof, and, upon such acceptance, this Contract of Purchase <br />shall be in full force and effect in accordance with its terms <br /> <br /> 1 <br />1739030/2 <br /> <br /> <br />