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6.C. - Page 40 of 57 <br />June 29, 2020 <br />VIA E-MAIL — ORIGINAL BY U.S. MAIL <br />Joe La Mariana, Executive Director <br />South Bay Waste Management Authority <br />610 Elm Street, Ste. 102 <br />San Carlos, California 94070 <br />Email: jlamariana@rethink-wastc.org <br />Town of Atherton <br />Town Administrative Ortices <br />150 Watkins Avenue <br />Atherton, Calirernia 94027 <br />650-752-0500 <br />Fax 650-688-6528 <br />RE: Town of Atherton's Notice of Intent to Withdraw from SBWMA Effective <br />December 31, 2024 <br />Director La Mariana, <br />This letter is in response to your letter dated April 27, 2020, sent on behalf of the South <br />Bay Waste Management Authority, a joint powers authority formed and organized pursuant to <br />the Joint Powers Act, Government Code section 6500 et seq. ("SBWMA") and regarding the <br />Town ofAtherton's Notice of Intent to Withdraw from SBWMA. <br />This letter is to inform you that the Town of Atherton ("Town" or "Atherton") intends to <br />withdraw from SBWMA effective December 31, 2024. Pursuant to the "Second Amended and <br />Restated Joint Exercise of Powers Agreement [of SB WMA]" dated June 19, 2013, a member <br />seeking to withdraw from SBWMA must provide "written notice to withdraw from SBWMA at <br />least six (6) months prior to the end of the current Rate Year, specifying the date on which the <br />Member intends to withdraw_" (Art. 15.1(b)) The current Rate Year will end on December 31, <br />2020. By way of this correspondence, the Town is notifying you of the date of withdrawal prior <br />to six months of the end of the current Rate Year and. therefore, meets the requirements of <br />Article 15.1(b). <br />In a further effort to aid SBWMA in separating its assets from the Town's, the Town has <br />cngaged a consultant, NHA Advisors, to determine an estimated cost of withdrawal from <br />SBWMA. NHA Advisors has experience in public financing, especially related to a range of <br />bond obligations held and managed by public entities. With this background and particular <br />71 <br />