AgdaPkt 2020-10-26 Joint SA PFA - Laserfiche WebLink

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6.C. - Page 1 of 57 /<�ik Redwood CitylCallifornia Faunded 1867 A,&/ DATE: October 26, 2020 SUBJECT STAFF REPORT To the Honorable Mayor and City Council From the City Manager Approval of Town of Atherton's withdrawal from membership in the South Bayside Waste Management Authority RECOMMENDATION Adopt a resolution approving the Town of Atherton's withdrawal from the South Bayside Waste Management Authority (SBWMA), provided Atherton satisfies its obligation to liquidate its proportional share of debt as determined by the SBWMA Board of Directors on August 20, 2020 and this liquidation occurs prior to December 31, 2020. STRATEGIC PLAN GUIDING PRINCIPLE Excellence in Government Operations BACKGROUND The original Joint Powers Agreement (JPA) for SBWMA was adopted effective December 9, 1999. It was established by the following twelve San Mateo County entities to provide a regional approach to the collection and disposition of solid waste, recyclable materials, and organic materials: Town of Atherton, City of Belmont, City of Burlingame, City of East Palo Alto, City of Foster City, Town of Hillsborough, City of Menlo Park, City of Redwood City, City of San Carlos, City of San Mateo, County of San Mateo, and West Bay Sanitary District. Under the JPA, these twelve entities are identified as "Equity Members." In 2000, SBWMA issued bonds to acquire and reconstruct the Shoreway Environmental Center Facility, which is operated pursuant to a contract between SBWMA and South Bay Recycling, LLC., and processes solid waste and recyclables for SBWMA's twelve Member Agencies. The 2000 bonds, defined in the JPA as the Revenue Bonds, were defeased and new bonds issued in 2009. In 2019, the SBWMA Board Page 1 of 5 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 32