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Res18 15690
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Res18 15690
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Entry Properties
Last modified
10/11/2019 7:59:52 AM
Creation date
10/11/2019 7:59:50 AM
Metadata
Fields
Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
7/23/2018
Description
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY PROPOSING AMENDMENTS TO SECTIONS 1.16, 1.36, 3.2, 3.3, 6.5, 6.6, AND 6.7 OF JOINT EXERCISE OF POWERS AGREEMENT ESTABLISHING SOUTH BAYSIDE SYSTEM AUTHORITY, NOW KNOWN AS SILICON VALLEY CLEAN WATER, RELATING TO THE DESIGNATIONS AND ASSIGNMENTS OF TREASURER AND CONTROLLER OF THE AUTHORITY
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ATTY/RESO.0070/CC RESO SILICON VALLEY CLEAN WATER JPA AMENDMENTS – EXHIBIT A <br />REV: 07-11-18 DZ <br /> Page 4 of 5 <br /> 7. Section 6.7 of the Agreement is hereby amended to read as follows: <br />“Section 6.7 Allocation of Capital Reserve Expenses <br /> The annual capital reserve expenses of the Authority for each component of Stage <br />1 of the Project shall be allocated by the Authority to the Agencies on the basis of the <br />percentages set forth in Exhibit A hereto. All monies received from any Agency in <br />payment of capital reserve expenses shall be paid out by the Treasurer as directed by <br />the Commission and upon approval of demands for payment by the Manager or the <br />Commission as provided in this Agreement and in accordance with Section 6505.5 of the <br />Act.” <br />8. Except as amended hereinabove and heretofore amended by Supplemental <br />Agreements I – VII, all other terms, conditions, agreements and provisions of the <br />Agreement shall remain in full force and effect and are unchanged. <br />IN WITNESS WHEREOF, the parties hereto have caused this agreement to be <br />executed and attested by their proper officers thereunto duly authorized and their official <br />seals to be hereto affixed, on the day and year set opposite the name of each of the parties. <br /> <br />Dated: _______________________ CITY OF BELMONT, a general law city <br /> <br /> By: __________________________ <br /> Mayor <br /> <br />ATTEST: <br /> By: __________________ <br /> City Clerk <br />(Seal) <br /> <br /> <br /> <br />Dated: ______________________ CITY OF REDWOOD CITY, a <br /> chartered city, <br />
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