AgdaPkt 2005-12-19 - Laserfiche WebLink

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�,6 io 4.2 Term. This Agreement sha11 continue at least until December 31, 2019, or such further period of time necessar ty o repav anv revenue bonds issued by the SBWMA, and thereafter shall continue until terminated or dissolved by a vote taken in accordance with Section 10.8 of this Agreement. However, in no event shall the Members vote to terminate or dissolve the SBWMA if its termination or dissolution would conflict with or violate the terms or conditions of any bonds, financial instruments, or related documentation by or on behalf of the SB WMA, including, without limitation, indentures, resolutions, and letter of credit agreements. ARTICLE 5. BOUNDARIES 5.1 Service Area. The SBWMA shall exercise its powers within its Service Area boundaries, as they may change from time to time. T'he Service Area sha11 be the consolidated boundaries of the Agencies as defined in Exhibit C. If an Agency withdraws from the SBWMA, the boundary of the SBWMA shall be modified to exclude the area of the withdrawing Agency. Such withdrawal and redrawing of boundaries sha11 not prevent any Facilities from being located outside of the boundary of the SBWMA. ARTICLE G. MEMBERSHIP REQUIREMENTS OF SBWMA 6.1 Required Powers. Each Member of the SBWMA must at a11 times have the following powers: a. The authority to grant Solid Waste Collection Franchises. b. The authority, commihnent, and agreement to direct the flow of Solid Waste, Recycling and Plant Material generated within the Member's respective jurisdiction to those Facilities specified by the SBWMA, except as provided in Sections 2.08 and 2.09 of the Uniform Franchise Agreement, Exhibit D hereto, for a period of time which shall minimally be until December 31, 2019, or such further period of time necessary to repay � revenue bonds issued by the SBWMA . c. The authority to set rates sufficient to provide for the financing and operation of the SBWMA Facilities. d. The authority, by law, to enter into this Joint Powers Agreement (JPA). 6.2 Founding Members. A Founding Member of the SBWMA shall be one who has 'oi� ned on the formation of the SBWMA December 9, 1999. Founding Members are listed as such in E�chibit A and B hereto. 6.3 Membership. A Member shall, on joining the SBWMA, elect whether to be an Equity Member or a Non Equity Member. a. An Equity Member shall have all of the rights and liabilities of a Member of the SBWMA. An Equity Member shall be a Founding Member who, on joining, elects to be an Equity Member, and shall include a New Member who agrees to pay the equity equalizing fees and payments imposed as a condition of inembership. Only an Equity Member shall have the right to vote on any matter before the Board and on any matter to be voted on by a Member except as provided in Section 63(b). Page 4