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• • EXHIBIT A CITY OF THE TOWN OF LOS ALTOS HILLS . 1982 TAX AND REVENUE ANTICIPATION NOTE $400,000 Date: July , 1982 FOR VALUE RECEIVED, the City of the Town of Los Altos Hills (the "City") , State of California, acknowledges itself indebted to and promises to pay to University National Bank & Trust Company, at the office of the City Treasurer, the principal sum of FOUR HUNDRED THOUSAND DOLLARS ($400,000) in lawful money of the United States of America, on June 30, 1983, (subject to the right of prepayment hereinafter referred to) together with interest thereon at the rate of 10% per annum in like lawful money from the date hereof until payment in full of said principal sum. Both the principal of and interest on this Note shall be payable only upon surrender of this Note as the same shall fall due; provided, however, no interest shall be payable for any period after maturity during which the holder hereof fails properly to present this Note for payment. This Note is subject to prepayment at the option of the City at any time, in whole or in part, at a prepayment price equal to the principal amount to be prepaid plus accrued interest on such principal amount. It is hereby certified, recited and declared that this Note has been issued pursuant to the provisions of Resolution No. of the Council of the City duly passed and adopted on July 7, 1982, and pursuant to Article 7.6 (commencing with Section 53850) of Chapter 4, Part 1, Division 2, Title 5, of the California Government Code, and that all things, conditions and acts required to exist, happen and be performed precedent to and in the issuance of this Note have existed, happened and been performed in regular and due time, form and manner as required by law, and that this Note, together with all other indebtedness and obligations of the City, does not exceed any limit prescribed by the Constitution or statutes of the State of California. The principal amount of this Note, together with the interest thereon, shall be payable from taxes, revenue and other moneys which are received by the City for the General Fund of the City for the Fiscal Year 1982-1983 and lawfully available for the payment of this Note. As provided in Section 53857 of the California Government Code, this Note shall be a general obligation of the City payable from any moneys of the City lawfully available therefor. A-1