Laserfiche WebLink
�"� 9 <br /> generated within its jurisdictional boundaries, as well as to create and issue Franchise agreements <br /> for such activities; and <br /> S. VV�IEREAS the Agencies have issued Revenue Bonds to pay for the purchase of <br /> these Facilities in Mazch 2000 <br /> NOW, THEREFORE BE IT RESOLVED that the Agencies do hereby establish the <br /> South Bayside Waste Management Authority for the purpose of owning, financing, <br /> administering, and operating regional Facilities and for administering rates for Solid Waste and <br /> diversion programs and do hereby agree as follows: <br /> �IRTICLE 1. DEFINITIONS <br /> 1.1 DefiniNons. Unless the context otherwise requires, capitalized terms used in this <br /> Agreement will have the meanings specified in Exhibit C to this Agreement, which is attached <br /> hereto and incorporated by reference. <br /> ARTICLE 2. PURPOSE <br /> 2.1 Purpose. This Agreement is entered into pursuant to the Act to provide for the <br /> exercise of powers as provided therein, and to provide for the joint exercise of certain powers <br /> common to the Agencies. The purpose of this Agreement is to provide for the joint ownership, <br /> financing, administration, and operation of the Facilities, and for the joint planning, adoption, <br /> financing, administration, management, review, monitoring, enforcement, and reporting of Solid <br /> Waste, Recyclable Material, and Plant Material Collection activities in the Service Area. By <br /> entering this joint powers authority, the Agencies earn economic benefits not realized when using <br /> alternate means of Transferring and Transportation Processing of Solid Waste, Recyclable <br /> Material and Plant Materials and Disposal of Solid Waste. Further, the establishment of this joint <br /> powers authority provides for the economic viability and utilization requirement of the Facilities. <br /> ARTICLE 3. CREATION OF AUTflORITY <br /> 3.1 Creation. Pursuant to the Act, the Agencies hereby create and establish a public <br /> entity to be known as the "South Bayside Waste Management Authority" (SBWMA). <br /> 3.2 Separate Entity. The SBWMA shall be a public entity separate from the <br /> Agencies, and separate from the SBTSA. <br /> 3.3 Assets, Rights, and Liabilities. The assets, rights, debts, liabilities, and <br /> obligations of the SB WMA shall not constitute assets, rights, debts, liabilities, or obligations of <br /> any of the Agencies or the SBWMA. However, nothing in this Agreement shall prevent any <br /> Agency from separately contracting for, or assuming responsibility for, specific debts, liabilities, <br /> or obligations of the SBWMA, provided that both the Boazd and that Agency approve such <br /> contract or assumption. <br /> ARTICLE 4. TERM <br /> 4.1 Effective Date. This First Amended Agreement shall be dated as of, and become <br /> effective on, the date of its execution by the last of the Founding Members (Effective Date). <br /> Page 3 <br />