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AgdaPkt 2019-05-20 Joint SA PFA
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AgdaPkt 2019-05-20 Joint SA PFA
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Last modified
10/1/2020 3:47:20 PM
Creation date
5/16/2019 5:27:10 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
5/20/2019
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8.A. - Page 14 of 73 <br />Attachment B <br />NOW, THEREFORE, in consideration of the mutual covenants hereinafter <br />contained, the Parties hereto agree as follows: <br />Section 1.1. Definitions. Except as otherwise defined herein or unless the <br />context otherwise requires, the capitalized terms used herein shall have the meanings <br />ascribed to such terms in the Joint Powers Agreement. <br />Section 1.2. Amendment to Section 1.2 of the Joint Powers Agreement. <br />Section 1.2 of the Joint Powers Agreement is hereby amended and restated in its <br />entirety to read as follows: <br />"Section 1.2. Act. "Act" means the Joint Exercise of Powers Act, constituting <br />Articles 1 (commencing with Section 6500), 2 and 4 of Chapter 5, Division 7, Title 1 of <br />the Government Code of the State, as the Joint Exercise of Powers Act may hereafter <br />be amended or supplemented from time to time." <br />Section 1.3. Amendment to Section 4.2 of Joint Powers Agreement. Section <br />4.2 of the Joint Powers Agreement is hereby amended and restated in its entirety to <br />read as follows: <br />"4.2 Power to Issue Revenue Bonds. The Authority, as a local agency under <br />Section 54307.1 of the Bond Law, shall have the power to issue revenue bonds under <br />the Bond Law, as the same now reads or may be hereafter amended, and to provide for <br />the repayment of all bonds so issued. The Authority shall also have all of the powers <br />provided for in the Act including the power to issue revenue bonds under the Act, <br />provided, however, that revenue bonds may only be issued by the Authority to finance <br />or refinance the costs of the Joint Facilities, the Project or other facilities authorized for <br />construction under this Agreement that transmit, treat, or dispose of wastewater <br />generated by the wastewater collection systems operated by the Members." <br />Section 1.4. Amendment. This Ninth Supplement has been authorized, <br />executed and delivered by the Parties in accordance with Section 9.5 of the Joint <br />Powers Agreement. <br />2 <br />528 <br />
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