Loading...
93-096 RESOLUTION NO. 93R-96 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM AUTHORIZING FORMATION OF A JOINT POWERS AUTHORITY AND EXECUTION AND DELIVERY OF A JOINT POWERS AGREEMENT WHEREAS, the City of Anaheim ("City") and other public agencies propose to form a joint powers authority pursuant to Article 1 of Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California, to be known as the Financing Authority for Resource Efficiency of California, in order that such Authority may, in connection with resource efficiency programs and facilities, exercise the powers provided to such an authority under the Government Code of the State of California; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANAHEIM AS FOLLOWS; 1. The city Council of the City of Anaheim hereby authorizes and directs the officers and officials of the City, jointly and severally, to assist in the organization of a joint powers authority, to be known as the Financing Authority for Resource Efficiency of California. The city Council of the City of Anaheim hereby approves and authorizes the Public Utilities General Manager to execute and the City Clerk to attest the Joint Powers Agreement forming said joint powers authority, in substantially the form on file with the city Clerk. 2. The Mayor, the City Manager, Public Utilities General Manager, the Financial Services Manager of the Public Utilities Department, the Director of Finance, the city Clerk, city Attorney and City Treasurer and any other officers and officials of the City are hereby authorized and directed, jointly and severally, to take all actions and do all things necessary or desirable hereunder with respect to the formation of said joint powers authority, including without limitation the execution and delivery of any and all agreements, certificates, instruments and other documents which they, or any of them, may deem necessary or desirable and not inconsistent with the purposes of this Resolution. 3. This Resolution shall take effect from and after the date of its passage and adoption. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim this 8th day of June 1993. MAY R~OF~E~E C~EIM ATTES~ THE CITY OF ANAHEIM 1695.1\LMOSE$\Ma¥ 25~ 1993 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss, CITY OF ANAHEIM ) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing Resolution No. 93R-96 was introduced and adopted at a regular meeting provided by law, of the Anaheim City Council held on the 8th day of June, 6993, by the following vote of the members thereof: AYES: COUNCIL MEMBERS: Feldhaus, Hunter, Pickler, Simpson, Daly NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None AND I FURTHER CERTIFY that the Mayor of the City of Anaheiim signed said Resolution No. 93R-96 on the 9th day of June, 1993. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 9th day of June, 1993. CITY CLERK OF THE CITY OF ANAHEIM (SEAL) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original of Resolution No. 93R-96 was duly passed and adopted by the City Council of the City of Anaheim on June 8, 1993. CITY CLERK OF THE CITY OF ANAHEIM EXHIBIT "A" [ EXECL'T. i ZN 7Z ~':' JOINT POWE~t~ AGP. EEMENT CP. EATING FINANCIN~ Au'~-uORITY POR P. ESOU~CE EFFICIENCY OF CALIFOP. NIA LAO1 \6190\2495.8 9~4:54.1 TABLE CF ARTICLE I--PURPOSE OF AGREEMENT ............... 2 ARTICLE if--DEFINITIONS ................... 2 ARTICLE III--ORGANIZATION .................. 9 3.1 Creation of Authority .............. 9 3.2 Governing Body .................. 10 3.3 Members Entitled to Be Represented by Directors 10 3.4 Regular Meetings ................. 12 3.5 Special Meetings ......... 12 3.6 Legal Notice for Meetings ............ 12 3.7 Minutes of Meetings ......... 13 3.8 Quorum ....... 13 3.9 Voting Generally ................ 13 3.10 Voting on Project Matters ......... 14 3.11 Other Voting Arrangements ............ 14 3.12 Officers ............... 14 ARTICLE IV--POWERS AND FUNCTIONS; FINANCIAL MATTERS 17 4.1 Powers ............. 17 4.2 Indebtedness ............ 19 4.3 Liability and Contribution 19 4.4 Contributions; Payments; Advances, Etc. 21 4.5 Accounts and Reports ........... 22 4.6 Termination of Powers; Liquidation; Distribution 23 24 4.7 Insurance .......... \61~\~&~.8 ARTICLE V--P~ERSHIP .................... 24 5.1 Original Members ................. 2~ 5,2 Additional Members; Procedures ...... , .... 24 5.3 Effectiveness of Additional Memberships ...... 26 5.4 withdrawal or Exclusion of Member ......... 26 ARTICLE VI--GENER3%L PROVISIONS ............... 27 6.1 Breach ...................... 27 6.2 Severability ................... 28 6.3 Successors and Assigns; Amendments ........ 28 6.4 Notices ...................... 29 6.5 Effectiveness; Term Of the Agreement ..... 30 6.6 Execution of CounterlDarts ............ 30 JOINT POWERS AGREE/6ENT CP~EAT ING FINA/~CING AU'r~ORITY FOR RESOURCE EFFICIENCY OF CALIFORNIA THIS AGREEMENT, dated as of July 1, 1993, is made and entered into by and among the Members. RECITALS WHERe, each Member is a Public Agency and is empowered by law to acquire, construct, maintain and operate facilities, and rights, properties and improvements necessary therefor, for the generation, distribution and transmission of electrical or other energy or natural gas for public or private use or for the treatment, distribution, transmission and storage of water, waste water or recycled water for public or private use; W~L~R~%S, each Member desires to promote, advance, encourage and participate in conservation, reclan%ation and other programs which are designed to utilize ener~Ff or water resources more efficiently; and W~, each Member desires to enter into an agreement to create a separate public entity and agency pursuant to the provisions of the Joint Powers Act for the purpose set forth herein and desires that such separate public entity and agency have the powers provided for herein in connection with such purpose; LA01 \6190\2&95.8 1 95&3~. 1 NOW, THEP. EpOP~E, the Members, for and in considera%icn the muuual covenants and condiuions set foruh herein, do agree as follows: ARTICLE I--PURPOSE OF AGREEMENT This Agreement is made pursuant to the provisions of Chapter 5, Division 7, Title 1, of the Goverrunent Code of the State of California, as amended from time to time, to create a separate public entity and agency with the power to exercise, in its own name, the powers referred to herein. Such powers include the planning, development, financing, purchase, lease, construction, operation and maintenance of Resource Efficiency Programs and Facilities. ARTICLE II- -DEFINITIONS In addition to the other terms defined herein, the following terms, whether in the singular or in the plural, when used herein and initially capitalized shall have the meanings specified. Authori~v. The term "Authority" shall mean the separate public entity and agency created by this Agreement. Board o£ Directors, The term "Board of Directors" shall mean the governing body of the Authority es=ablished pursuant to Sections 3.2 and 3.3 hereof. Char=mr M,-,her. The term "Charter Member" shall refer to each of the following Public Agencies which '~xecutes a L~01 \6190\2~.8 2 9S~3~,.~ counte-'-par~ of this Agreement and delivers california Municipal Utilities Association on cr befrre September 1, 1993: 5he City of Anaheim, The City of Los Angeles, the City of Palo Alto, the North Marin Water District, 5he City of Riverside, the City of San Francisco and the San Diego County Water Authority. Fiscal Year. The term "Fiscal Year" shall mean the fiscal year of the Authority as established from time to time by the Board of Directors, being at the date of this Agreement the period from July i through June 30 of the following year. Indebtedness. The term "Indebtedness" shall mean bonds, notes or other evidences of indebtedness, and all other obligations, instruments and agreements constituting "Bonds" under the Joint Powers Act. Joint P~w~rs A¢~. The term "Joint Powers Act" shall mean the provisions of Chapter 5, Division 7, Title 1, of the Government Code of the State of California, as amended and supplemented from time to time. Liab~l~tv Share. The term "Liability Share" shall mean, with respect to any Member, the amount of the judpT~ent or settlement divided by the number of Members at the time the act or omission or alleged act or omission occurred, unless any portion of the judgment or settlement arises from an act or omission or alleged act or omission directly related to the studying, planning, financing, developing, acquiring, purchasing, construction, reconstructing, implementing, LA01 \61~\24~.8 3 improving, enlarging, enhancmng, operating, selling, disposing cf~ or deco~issioning cf any Project, Pooled Financing, Study Project or Service as to. which there shall be one or more Project Contracts, Pooled Projecn Contracts, Study Project Contracts or Service Contracts, in which case, with respect to such portion, the term "Liability Share" shall mean, with respect to any Member, the amount of such portion multiplied by a fraction equal to (i) such Member's entitlement or right, if any, to participate in such Project, Pooled Financing, Study Project or Service at the time the act or omission or alleged act or omission occurred divided by (ii) the aggregate amount of all Members' entitlements or rights to participate in such Project, Pooled Financing, Study Project or Service at ~he time the act or omission or alleged act or omission occurred. M-~her. The term "Member" shall mean (i) each Original Member, (ii) any Public Agency which shall have met the conditions of Section 5.2 hereof, and (iii) any successor of a Public Agency referred to in clause (i) or clause (ii) of this definition; ~rovided, however, that the term "Member" shall not include any entity which shall have withdrawn or been excluded from the Authority pursuant to Section 5.4 hereof. Ori~al Me=her. The term "Original Member" shall have the meaning ascribed thereto in Section 5.1 hereof. LA01 \61~\Z4~.8 4 Pool The ~= ~' · ~_rm, "Pocl" sha±~ mean the proceeds frsm ~ Pooled Financing which are available for withdrawal by ~=~=~- or other entities for Projecns which have received a -o._~ Project Approval and for which a Pooled Project Contract has been executed. Pooled Financin~. The term "Pooled Financing" shall mean a financing of one or more Projects that may or may not be defined in advance of the Pooled Financing, with security for the financing including Pooled Project Contracts entered into with one or more Members or other entities before funds are withdrawn from the Pool by such Members or entities. Pooled Project APProval. The term "Pooled Project App=oval" means a formal approval by a Pooled Project Approval Committee. Each such approval shall be in accordance with criteria to be established from time to time by the Pooled Project Approval Committee and any applicable covenants of the Pooled Financing resolution or indenture. Pooled Project Contract. The term "Pooled Project Contract" shall mean a contract between the Authority and a Member or other entity, providing the Member or other entity an entitlement to withdraw a specified amount of funds from a Pool and which establishes the Member's or other entity's obligations to make payments which will serve as security for a Pooled Financing. Pooled Project A~roval Committee. The term "Pooled Project Approval Committee" shall mean a committee~ which may include one or more Direc:ors, appoin%ed by ~he Bcard Directors to (i) review and recom~,end for approval by Board of Directors one or more Projects f~r a Pooled Financing, (ii) provide Pooled Project Approvals and (iii) perform such other functions as shall be detemined by the Board of Directors. Pro4ect. The term "Project" shall mean any program, activity or other undertaking of the Authority which the Board of Directors designates as a "Project" under this Agreement. Projects, among other activities, may include: Resource Efficiency Programs and Facilities; advertising, education, grants, rebates, discounts, prizes, awards; the construction or acquisition of facilities for public or private use, land and all rights associated with land, properties and improvements necessary or convenient for providing Utility Services; installations or providing of equipment or services on customer premises; and contracts for Utility Services from others. Pro4ec~ Con~r&¢~. The term "Project Contract" shall mean a contract between the Authority and a Member or other entity providing to such Member or other entity an entitlement to participate in a Project which will be financed with a Project Financing and which establishes the Member's or other entity's obligations to make payments which will serve as security for the Project Financing. LA01 \6190\2~9~5.~ 6 95&:]/*.1 Pro~ect Financing. The te_~m "Project FinancLn~" skall mean a financing of one or more defined Projecns, wLsk security for the financing being payments to be made under one or more Project Contracts. Pro~ect Matter. The term "Project Matter" shall mean a matter for decision by the Board of Directors involving a question pertinent to the undertaking, studying, planning, financing, developing, acquiring, constructing, reconstruc- tion, replacement, implementing, improving, enlarging, enhancing, operating, maintaining, repairing, selling or disposing of a Project, Study Project or Service as to which there are one or more Project Contracts, Pooled Project Contracts, Study Project Contracts or Service Contracts then in effect. Pro~ect Vote. The term "Project Vote" shall mean a vote or other determination with respect to a Project Matter, taken or made by the entities which are parties to a Project Contract, Pooled Project Contract, Study Project Contract or Service Contract, in accordance with the procedures for such ~W~ vote or other determination specified in such Contract. To the extent permitted by law, a Project Vote need not be taken or made during a meeting of the Board of Directors. ~,hlic A~131c~. The term "Public Agency" shall have the meaning ascribed to the term "public agency" in Article 1 of the Joint Powers Act. LA01 \61~\Z4~.~ 7 954~.1 Resource Efficiency Pro.rains and Facilities. Uke 5er~_~ "Resource Efficiency Pregr~ms an~ Facilities', shall mean ~ activities, programs and equipment which are ,designed ~3 conseL-re, change usage patterns of or reduce the demand for electrical or other energy or capacity, natural gas or water; (ii) activities, programs and equipment which are designed to utilize electrical or other energy or capacity, natural gas or water facilities more efficiently; (iii) programs, equipment or facilities which are designed to transport, distribute or treat water, waste water or recycled water for purposes of reuse; and (iv) any other programs, equipment or facilities which meet resource efficiency or management needs or requirements, established or approved from time to time by the Board of Directors. Service. The term "Sea-vice" shall mean any program, activity or other undertaking of the Authority which the Board of Directors designates as a "Service" under this Agreement. Services can include, among other activities, Resource Efficiency Programs and Facilities, the development or implementation thereof, and the purchase of supplies, material or equipment therefor. ~ervice C~t~&c~. The term "Service Contract" shall mean a contract between the Authority and a Member or other entity providing such Member or other entity an entitlement to participate in a Service and which establishes the cost LAO'~ \6190\249~.8 8 95&]4.~ sharlnr or payrnen~ obligations of each Such Member or s:her enzity to reimburse the Authority. Study Pro,oct. The zerm "Study Project" shall mean any program, activity or other undertaking of the Authority which the Board of Directors designates as a "Study Project" under this Agreement. A Study Project can include, among other activities, making studies, performing research, acquiring options or permits, or incurring other preliminary costs prior to the undertaking of a Project. Study Pro,oct Contrack. The term "Study Project Con- tract" shall mean a contract between the Authority and a Member or other entity providing to such Member or other entity an entitlement to participate in a Study Project and which establishes the cost sharing or payment obligations of such Member or other entity. Utility Services. The term "Utility Services" shall mean generation, production, treatment, delivery and support services required or useful for providing electric or other energy or capacity, natural gas, water, waste water or recycled water services. ARTICLE III- - ORGANIZATION 3.1 Creation of Authority. Pursuant to the Joint Powers Act, there is hereby created a public entity and agency to be known as the "Financing Authority for Resource Efficiency of California" which shall be a public entity separate and apart from r_he Members. LAG1 \619~\24~.8 9 ~434.1 3.2 Governin~ Bcdy. The ~v ..... ng ~ ~ody the A ........ ., sha~ be the Board of ' =~- ~ .... ~ · -- Dlr___o~s. -~= Board of Directors sha_= kave %he ~=sponsibiliEy for the general management of the af= ~- property and business of ~he Authority and may, from time ~o ~ime, adopt and modify such By-Laws and other rules and regulations for that purpose and for the conduct of its meetings as i= may deem proper. The Board of Directors may exercise and shall be vested with all powers of the Authority insofar as consistent wi~h applicable law and this Agreement. 3.3 Members En=itled ~0 Be Represented by Directors. The Board of Directors shall consist, at any time, of the Directors then holding such position in accordance with the following provisions: 3.3.1 Charter Member D~re¢~ors. Each Member which is a Charter Member shall at all times be entitled to be represented on the Board of Directors by its own Director. 3.3.2 Par=ici9ation-Based Directors. If, on the first day of any calendar year after calendar year 1993, there are Members other than Charter Members, (a) the President shall cause to be prepared a computation of all payments made by each Member to or for the benefit of the Authority in the immediately preceding Fiscal Year, and (b) each of the five (5) Members (other than Charter Members) which have made the greatest amounts ~f payments as shcwm,, by such .... c~mpu-a~-~n shall be represented on ~he Boar~ of ~"= .... cto~s by i~s own D.rec~ throughou~ the nhen currenu calendar year. 3.3.3 Voting-Based Directors. If, on September 1 calendar year 1993 or on the firs~ day of any subsequent calendar year, there shall be (a) Members other than Charter Members and Members entitled to their own Directors in such calendar year pursuant to Section 3.3.2 hereof, and (b) fewer ~han three (3) Voting-Based Directors whose terms include such calendar year, the Presiden~ shall cause each Member to be notified that, at the first regular meeting of the Board of Directors in such calendar year, there will be a selection of Members entitled to be represented by their own Directors. At such meeting, by the majority vote of authorized representatives of Members voting (in person, on a one-Member, one-vote basis), other Members shall be selected as Members entitled to their own Directors. The maximum number of Members entitled to be represented by their own Directors pursuant to this Section 3.3.3 at any ~ime shall be three (3). Each Director represen~ing a Member selected pursuan~ to this Section 3.3.3 shall serve for such calendar year (or such greater number of calendar years as shall be determined unanimously by the Board of Directors voting on the mat~er at the time of such selection). 3.3.4 !~en~if!ca:icn of Directors. Each Direc:cr ~hali be the chief u~i!z~y executive responsible for Ut~lz:y Services of the Member represented, or the designee of such chief utility executive. If the Member shall have two or more utility operations and two or more chief utility executives responsible for utility Services, the Director shall be the designee of such chief utility executives (acting in concert). 3.3.5 Relinquishin~ Entitlement to Director. Any Member, at any time, and for such number of calendar years as it shall designate, may relinquish its entitlement to be represented by its own Director, any such relinquishment to be effective at or after such Member shall deliver to the Authority an instrument to that effect. 3.4 Recrular Meetings. The Board of Directors shall hold a regular meeting not less than once each calendar year. The date, hour and place of regular meetings shall be fixed by resolution of the Board of Directors. 3.5 Sgecial Meetings. Special meetings of the Board of Directors may be called in accordance with the provisions of the Government Code of the State of California, as amended from time to time. 3.6 Legal Notice for Meetings. All meetings of the Board of Directors shall be held subject to the provisions of ~he laws of bodies to be given in nhe manner provided in such laws. 3.7 Minutes of MeetinGs. The Secretary of the Authority shall cause ~o be kept minutes of the meetings of the Board of Direc=ors, both regular and special, and shall, within 15 working days after each meeting, cause a copy of the draft minutes to be forwarded to each Director for review and commen~. The final minutes with respect to each meeting of the Board of Directors shall be forwarded to each Member within 5 working days after the approval thereof by the Board of Directors. 3.8 Ouorum. At all meetings of the Board of Directors, a majority of the Board of Directors shall constitute a quorum for the transaction of business; 9rovided, tha~, if less than a majority of the Board of Directors is present at a meeting, a majority of those Directors present may adjourn the meeting. 3.9 Voting Generally. Each Director shall have one vote. Subject to Sections 3.3.3, 3.10, 3.11, 5.2.2 and 5.4.3 hereof, the vote of the majority of the Directors voting a~ a meeting at which a quorum is presen= shall decide any question brought before such meeting, and such decision shall be deemed to be the action of the Board. LAO 1 %6190\2495,8 13 95434.1 ..a .... s Each Pro]~c' ~ Pooled Project Contract s~udy Projec~ Con~rac~ and Con~rac~ shall establish a method by which the participating therein shall conduct Project Votes wi~h respect to any Project Matter arising thereunder. With respect to any Project Matter: (a) no vote shall be taken thereon by the Board of Directors unless and until a Project Vote shall have been made or taken thereon and the result of the mos~ recent Project Vote thereon shall have been presented to the Board of Directors; and (b) no action of the Board of Directors thereon shall be effective unless the action conforms to the most recent Project Vote made or taken thereon; provided, that, the limitations and requirements of clause (a) and clause (b) of this paragraph, or any portion thereof, may be eliminated with respect to any Project Matter vote or action by the favorable vote of not less than 80% of the Directors present at the meeting. 3.11 Other Voting Arrangements. No provision of this Agreement shall in any way restrict the ability of the Authority to make and enter into contracts providing for its representation and voting on management or other committees with respect to a Project. 3.12 Officers. 3.12.1 At its first meeting in each calendar year, the Board of Directors shall elect or re-elect a President and a Vice President (each of whom shall be selected fro~among the LA01 \61~\2&~.~ 14 954~&. I Pzrec~ors) and shall also appoint or re-appoint a Secrenar>' and a Treasurer/Auditor ~each of whom may, but need non, be selected from among the Directors). In the event that the President, Vice President, Secretary or Treasurer/Auditor so elected or appointed ceases (in the case of the President or Vice President) to be a Director, resigns from such office or is otherwise unable to perform the duties of such office, the resulting vacancy shall be filled at the next regular or special meeting of the Board of Directors held after such vacancy occurs. In the absence or inability of the President to act, the Vice President shall act as President. The President, or in the President's absence the Vice President, shall preside at and conduct all meetings of the Board of Directors. 3.12.2 The Treasurer/Auditor is designated as the treasurer and the auditor of the Authority and as such (i) shall be the depositary of the Authority to have custody of all the money of the Authority, from whatever source, (ii) shall draw warrants to pay demands against the Authority when the demands have been approved by the President or the Vice President of the Authority, and (iii) shall have the other powers, duties and responsibilities of such officers as specified in Section 6505.5 of the Government Code of the State of California, as amended from time to time, except insofar as such powers, duties and responsibilities are assigned to a trustee appointed, as is provided for and LA01 \6190\249~.8 15 authorlzed by the Goveru~,ent Code of the State of Caltfzrn~a, as amended from ~ime to ~ime, pursuant to any resolu~Lcn, indenture or other instrument providing for the'issuance of bonds or notes of the Authority pursuant to Article IV of this Agreement. 3.12.3 The President, the Vice President and the Treasurer/Auditor, to the extent such officers' duties and responsibilities pursuant to the Joint Powers Act require, are designated as the public officers or persons who have charge of, handle, or have access to any property of the Authority, and each such officer shall file an official bond with the Secretary of the Authority in the amount of $100,000. 3.12.4 In addition to the powers, duties and responsibilities provided herein or by law, the President, the Vice President and the Secretary shall have such powers, duties and responsibilities as are provided in the By-Laws of the Authority. The Treasurer/Auditor shall have such powers, duties and responsibilities as are provided herein or by the laws of the State of California. 3.12.5 The Board of Directors shall have the power to appoint, or contract to employ, a General Manager, who may be an employee of a Member and who shall have such powers, duties and responsibilities as are determined by the Board of Directors. 3.12.6 The Board of Directors shall have the power to appoint, or contract to employ, such other o~ficers and LA01 \6190\2/,95.~ 16 95~3~.1 employees of the Au%hori~y as it may deem necessary, any sf whom may, but need no~, be employees of a Member, and whs shall have such powers, duties and responsibilities as are determined by the Board of Directors. ARTICLE IV--POWERS AND FUNCTIONS: FINANCIAL MATTERS 4.1 Powers. The Authority shall have, in its own name, any and all powers authorized by law to two or more of the Members relating to the planning, development, undertaking, purchase, lease, acquisition, construction, financing, disposition, use, operation, repair, replacement or maintenance of (a) facilities for the generation, production, transmission, conservation, reuse, recycling, storage, treatment or distribution of electrical or other energy or capacity, natural gas, water, waste water or recycled water, or (b) Resource Efficiency Programs and Facilities, or (c) any combination thereof. The Authority shall also have, in its own name, any additional powers provided to it by California law (including Section 6588 of the California Goverr~aent Code), as amended from time to time. The Authority shall have, in its own name, the power to do all acts necessary, appropriate or incidental to the exercise of the foregoing powers, including, but not limited to, the following: (a) to make and enter into contracts; (b) to employ agents and employees; (c) to plan, develop, acquire, construct, manage, maintain, repair, replace or operate a~.y LA01 \6190\2&9~.~ 17 9~434.1 buildlnps, facllitzes, works, roads or improvements or interests therein; to acquire (by the exercise of the power of eminent domain or otherwise), hold, lease, sell or otherwise dispose of any real or personal property, tangible or intangible, and any interests therein, wherever located; to incur debts, liabilities or obligations which do not constitute a debt, liability or obligation of any Member; (f) to sue and be sued in its own name; (g) to establish a budget and authorize expenditures therefrom; (h) to apply for or receive grants from either public or private sources for Resource Efficiency Programs and Facilities; (i) to enter into agreements for the creation of separate public entities and agencies pursuant to the Joint Powers Act; and (J) to exercise any other power permitted by the laws of the State of California to carry out the purpose of the Authority. Such powers shall be exercised in the manner provided in Section 6509 of the Government Code of the State of California, as amended from time to time, subject only to the restrictions upon the manner of exercising such powers as are imposed uRon the City LAB1 \6190\~&<~. 8 18 ~= ?alo Alno or the City of Riverside ias dete~mined by -'"= ~n-r"2 of Directors) in the exercise cf similar powers. 4.2 Indebtedness. The Authority shall also have the power to issue or incur, sell and deliver, in accordance with the provisions of the Joint Powers Act, Indebtedness (i) to provide funds for the acquisition, construction and financing of one or more Projects (whether through Project Financing, Pooled Financing or otherwise); (ii) for the purpose of financing one or more Study Projects and for the purpose of providing temporary financing of costs of construction or acquisition of one or more Projects; and (iii) for the purpose of refinancing previous Indebtedness of the Au:hority, any Member or Public Agency. The terms and conditions of the issuance of any such Indebtedness of the Authority shall be set forth in a resolution, indenture or other instrument, shall include such security provisions and shall specify such source or sources of payment, as shall be determined by the Board of Directors. 4.3 Liability and Contribution. 4.3.1 Indebtedness of the Authority, and contracts or obligations which are entered into or incurred by the Authority to carry out the purposes of such Indebtedness, and which are payable from the proceeds of such Indebtedness, shall not constitute a debt, liability or obligation of any Member. Pursuant to the Government Code of the State of California, no debt, liability or obligation of th~ Authority LA01 \6190\24~ .~ 19 954~, 1 shall be a debn, liability or obligation of any Member exzes~ as provided by Section 895.2 of the Goverr~en~ Code cf the Stale of California, as amended from time to time, in the case cf injury caused by a negligent or wrongful act or omission occurring in the performance of this Agreement. 4.3.2 In the event any Member is held liable upon any judgTnent for damages caused by a negligent or wrongful act or omission occurring in the performance of this Agreement, and pays in excess of its Liability Share of such judgment, such Member shall be entitled to contribution from each other Member and may require each other Member to pay an amount towards the jud97nent for damages, but in no event shall any such other Member be required to pay in excess of its Liability Share of such judgment. 4.3.3 In the event any Member shall become liable upon any settlement of any action, suit or proceeding with respect to damages caused by a negligent or wrongful act or omission or alleged negligent wrongful act or omission occurring in the performance of this Agreement, and pays in excess of its Liability Share of such settlement, such Member shall be entitled to contribution from each other Member and may require each other Member to pay an amount towards the settlement, but in no event shall any such other Member be required to pay in excess of its Liability Share of such settlement. Notwithstanding the foregoing, in no event shall any such other Member be required to pay any a~ount with · LAO~ \6190\2495.8 20 respec~ to any such settlement entered into wi5hou% its pri2r written consent. 4.3.4 Any Member entitled to contribution pursuant ~o Section 4.3.2 or Section 4.3.3 hereof shall, promptly after receipt of notice of commencement of any action, suit or proceeding against such Member in respect of which a claim for contribution may be made against another Member or Members under Section 4.3.2 or Section 4.3.3 hereof, notify such other Member or Members from whom contribution may be sought. 4.3.5 Nothing contained in this Agreement shall in any way diminish the liability of any Member or other party with respect to any contract between such Member or other party and the Authority. 4.4 Contributions: Payments: Advances. Etc. In accordance with the Government Code of the State of California, the Members shall make such contributions, payments and advances to the Authority as are approved from time to time by the Board of Directors. The Authority may make such arrangements relative to the repayment or return to the Members of such contributions, payments and advances as are approved from time to time by the Board of Directors. Any Member which fails to make or pay when due any required contribution, payment or advance to the Authority, may have its rights under this Agreement terminated and may be excluded from participation in the Authority as provided in Section ~.4.3 of this ~AO~ \6~\2~.S 21 ~.~ Agreemenn. Any such Member shall continue to be !fable f~r ob!i~ations under any connracu winh the Authority and for any unpatd contr±bution, payment or advance approved by the Board of DirectOrs prior to such Member's exclusion and not objected to by such Member by written notice to the Authority within thirty days after such approval. 4.5 Accounts and Reports. There shall be strict account- ability of all funds and reporting of all receipts and disbursements of the Authority. The Authority shall establish and maintain such funds and accounts as may be required by good accounting practice or by any provision of any resolution, indenture or other instrument of the Authority securing its Indebtedness, except insofar as such powers, duties and responsi- bilities are assigned to a trustee appointed pursuant to such resolution, indenture or instrument. The books and records of the Authority shall be open to inspection at all reasonable times to each Member and its representatives. The Authority, within 120 days after the close of each Fiscal Year, shall give a complete written report of all financial activities for such Fiscal Year to the Members~ The Treasurer/Auditor shall cause an annual audit of the accounts and records of the Authority to be made by an independent certified public accountant or independent public accountant, all in accordance with, and at the time or times required by, law. LAO! \6190\2495.8 22 95&3(,. 1 All the books, recargs ...... and ~ ~ -=~-~on 4.5, shall be open ~D inspection by 5he holders of indebtedness of the Authority to the extent and in 5he manner provided in the resolution, indenture or other instrumen~ providing for the issuance of such Indebtedness. 4.6 Termination of Powers; Liquidation; Distribution. This Agreement shall continue in full force and effect, and the Authority shall continue to possess ~he powers herein conferred upon it, until the expiration of the term of this Agreement pursuant to Section 6.5 of this Agreement or until the Members shall have rescinded this Agreement. Rescission of this Agreement may only be accomplished by a writing executed by each Member and approved by resolution of each Member's governing body. In no event shall this Agreement or the powers herein granted to the Authority be rescinded until (a) all Indebtedness of the Authority and the interest thereon shall have been paid or adequate provisions for such paymen~ shall have been made in accordance with the instruments governin~ such Indebtedness, and (b) all other obligations and liabilities of the Authority shall have been met or adequately provided for, as determined by the Board of Directors and in accordance with the laws of the State of California. Upon any such expiration or rescission, the Board of Directors shall liquidate the business and assets and property of the Authority as expeditiously as practicable, and distribute any net proceeds to any Members in such manner as shall be determined by LA01 \61~\Z4~.~ 23 95&~.1 5he Boari of ~,-=- rianc= ,~-h this Agreemen[ anl -~= D---~sors In acco - -.._ laws of the State of California. 4.7 Insurance. The Authority shall obtain and cause to be maintained in effect public liability insurance and directors and officers insurance, each such insurance to afford coverage to a limit of not less than $5,000,000 with deductibles not to exceed 10% of the face amount; provided, that the Authority shall not be required to obtain or maintain such insurance to the extent (i) the same is not available from reputable insurers in the open market as standard policies of insurance, or (ii) the Authority is unable to pay the premiums therefor from funds available to it, or (iii) determined from time to time by the Board of Directors. ARTICLE V--MEMB~RSHIP 5.1 Original Members. Each Public Agency authorized to engage in activities described in this Agreement, eligible for membership in the California Municipal Utilities A~sociation, and located in California which executes a counterpart of this Agreement and delivers it to the California Municipal Utilities Association. on or before September 1, 1993 shall be an "Original Member." 5.2 Additional Members: Procedures. After September l, 1993, any Public Agency, authorized to engage in activities described in this Agreement, eligible for membership in the Californ~ Municipal ~'-~ ~'=s Association, and located in California may ueccm= a ~=~' ~ upon meeting the ~ ' ..... wing additional conditions: 5.2.1 The Public Agency shall apply 5o the Board of Directors for membership and file with the Board of Directors an instrument in form and substance satisfactory to the Board of Directors, together with a certified copy of a resolution of its governing body, whereby the Public Agency (i) agrees to the provisions of this Agreement and (ii) requests to become a Member. In reviewing an application for membership, the Board of Directors may reject said application based on the creditworthiness of the applicant or on any other matter which has affected or may affect the creditworthiness of the applicant and whichmay thereby affect the creditworthiness of the Authority. The Board of Directors also reserves the right to reject an applicant if the Board of Directors determines that the membership of such applicant would be detrimental to the effectiveness of the Authority or would interfere with the realization of the Authority's goals and purposes. 5.2.2 No such Public Agency shall become a Member until (i) its admission is approved by a vote of two-thirds of the Directors voting on the matter and (ii) such Public Agency deposits or agrees to deposit with the Authority an amount equal to such share of the costs and expenses incurred by the Authority prior to ~he date of admission of such Public Agency as a Member as shall be determined by the Board of Directors. LA01 \6190\2.~9~. 8 2~ 95~.3~,. 1 5.3 Effectiveness of Add!zlonal Memberships. Upon mes~zn~ the conditions of Section 5,2 hereof, the applicant shall become a Me~er for all purposes of nhis Agreement, and the instrument provided pursuant to Section 5.2.1 shall become a part of the official records of the Authority. Neither the effectiveness of such membership nor such instrument shall constitute an amendment or modification of this Agreement for purposes of Section 6.3 hereof. 5.4 Withdrawal or Exclusion of Member. 5.4.1 Any Member may withdraw from the Authority upon the following conditions: (i) the Member shall have filed with the Board of Directors a certified copy of a resolution of its governing body expressing its desire to so withdraw and (ii) if the Authority, prior to the filing Of such resolution, shall have incurred any obligation payable from contributions, payments or advances in accordance with Section 4.4, which obligation matures after the date of such filing, the withdrawing Member shall have paid, or made arrangements satisfactory to the Board of Directors to pay, to the Authority its pro rata portion of such obligation. 5.4.2 Upon compliance with the conditions specified in Section 5.4.1, the withdrawing Member shall no longer be considered a Member for any reason or purpose under ~his Agreement and its rights and obligations under this Agreement shall terminate. The withdrawal of a Member shall~not affect any obligations of such Member under any con~rac~ Decween zhe wizhdrawing Member and the Authority. 5.4.3 Any Member which has {i) defaulted under a contract with the Authority, or (ii) failed to pay any required contributions, payments or advances in accordance with Section 4.4 hereof, may have its rights under this Agreement terminated and may be excluded from participating in the Authority by a vote of two-thirds of the Directors voting on the matter (excluding from voting the Director, if any, representing the defaulting Member). Any excluded Member shall continue to be liable for its obligations under any contract with the Authority and for any unpaid contribution, payment or advance approved by the Board of Directors prior to such Member's exclusion and not objected to by such Member by written notice to the Authority within thirty (30) days after such approval. No withdrawal from membership pursuant to Sections 5.4.1 and 5.4.2 hereof or exclusion from participation pursuant to Section 5.4.3 hereof shall constitute an amendment or modification of this Agreement for purposes of Section 6.3 hereof. ARTICLE VI--GEN~P~AT, PROVISIONS 6.1 Breach. If default shall be made by any Member in any undertaking contained in this Agreement, such default shall not excuse such Member or any other Member from fulfilling its obligations under this Agreement and each Member shall ~ontinue to L~01 \~I~\Z&~.8 27 9~&34.1 be liable for the payment of its Liability Share, pursuan: :c Seezion 4.3, and its contributions, payments and advances pursuant to Section 4.4, and the perfo~-mance of all condizions herein contained. Each Member hereby declares that this Agreement is entered into for the benefit of the Authority created hereby and each Member hereby grants to the Authority the right to enforce, by whatever lawful means the Authority deems appropriate, all of the obligations of such Member hereunder. Each and all of the remedies given to the Authority hereunder, including those provisions contained in Section 5.4.3, or by any law now or hereafter enacted are cumulative and the exercise of one right or remedy shall not impair the right of the Authority to any or all other remedies. 6.2 Severability. In the event that any term, covenant or condition of this Agreement or the application of such term, covenant or condition, shall be held invalid as to any person or circumstance by any court having jurisdiction in the premises, all other terms, covenants or conditions of this Agreement and their application shall not be affected thereby, but shall remain in force and effect unless a court holds that the provisions are not separable f~om all other provisions of this Agreement. 6.3 Successors and Assigns: Amendments. This Agreement shall be binding upon and shall inure to the benefit of the successors and permitted assigns of the Members. No Member may assign any right or obligation hereunder without the consent o{ all other LA01 \61~\24~.8 28 95&34.1 MemDers. The immediately preceding sentence shall not affect, zn any respect, any right of assi3r~ent under any contracu between any Member and the Authority. Subject to any requirements of law, including Section 6573 of the Government Code of the State cf California, as amended from time to time, this Agreement may be amended at any time and from time to time by a writing or writings executed by each Member and approved by resolution of each Member's governing body. 6.4 Notices. 6.4.1 Any notice, demand or request to any Member provided for in this Agreement shall be in writing and shall be deemed properly served, given, or made if delivered in person or sent by registered or certified mail, postage prepaid, to the person and at the address designated by such Member upon the commencement of its membership in the Authority. 6.4.2 A Member may, at any time, by written notice to each other Member and the Authority, designate different persons or different addresses for the giving of notices, demands or requests to it hereunder. 6.4.3 Any notice, demand or request to the Authority provided for in this Agreement shall be in wri:ing and shall be deemed properly sel-ved, given, or made if delivered in person or sent by registered or certified mail, postage prepaid, to FARECal, c/o California Municipal%~.Utilities LA01 \61~1\2~,~.8 2 9 954],~.1 Associauion, 1225 Eighth S~ree~, Suite 440, Sacramen~, California 95814. 6.4.4 The Auuhori~y may, at any time, by written notice to each Member, designate a different or additional person or a different address for the giving of notices, demands or req~/ests to it hereunder. 6.5 Effectiveness: Term of ~he Aqreement. This Agreemenu shall become effective on the later of (a) July 1, 1993, or (b} the first date on which there shall be two or more Charter Members. Subject to the right to rescind provided by Section 4.6 hereof, this Agreement shall continue in full force and effect for a period of 50 years from its effective date or until such time as all Indebtedness of the Authority and the interest thereon shall have been paid in full or until adequate provision for such payment shall have been made in accordance with the instruments governing such Indebtedness. 6.6 Execution of Counterparts. This Agreement may be executed in any number of counterparts. All such counterparts shall be deemed to be originals and shall together constitute but one and the same instrument. LA01 \6190\:'~,9~.~ 3 0 ~543J,.1 iN WITNESS W-HEREOF, the Original Members have caused Agreement to be duly executed and attested by their proper off:ser~ thereunto duly authorized. CITY OF ANAHEIM Date: By Its ATTEST: By t THE CITY OF LOS ANGELES Date: By Its ATTEST: By CITY OF PALO ALTO Date: By Its ATTEST: By · LA01 \6190\Z4~.8 3 1 9~&34.1 NORTH MkRIN WATER DiSTRiiT Dace: By its ATTEST: By CITY OF RIVERSIDE Date: By Its ATTEST: By CITY OF SAN FP~%NCISCO Date: By Its ATTEST: By SANDIEGO COUNTYWATER AUTHORITY Date: By Its ATTEST: By ~ L~ol \61~\Z~.~.8 32 9~434.1 By ~TTEST: By LA01 \619~\~49~.8 3 ] 95/,34.1