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HomeMy WebLinkAbout436 RDA.pdf RESOLUTION NO. 436 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS AUTHORIZING THE CREATION OF THE REDLANDS UTILITY AUTHORITY AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH WHEREAS, the City of Redlands (the "City") has determined that significant benefits will result from the lease of the City's municipal water system and wastewater system (collectively, the"Enterprise"); and WHEREAS, in order to assist the City in the leasing of the Enterprise, the City and the Redevelopment Agency of the City of Redlands (the "Agency") intend to form a joint exercise of powers agency designated as the "Redlands Utility Authority" (the "Authority") pursuant to a Joint Exercise of Powers Agreement (the "Joint Powers Agreement"), which Authority will be duly created, established and authorized to transact business and exercise its powers, all under and pursuant to the Joint Powers Law (Articles I through 4 of Chapter 5, Division 7, Title I of the California Government Code) including the power to lease a municipal water system; and WHEREAS, the Agency finds and declares that entering into the Joint Powers t� Ag cement will be beneficial to persons residing within the jurisdiction of the Agency; and ,--r WHEREAS. the Agency has reviewed the Joint Powers Agreement and the Agency wishes to approve the Joint Powers Agreement and matters related thereto; NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment Agency of the Citv of Redlands as follows: Section 1. The Agency hereby approves the creation of the Authority, its membership therein and the Joint Powers Agreement related thereto, substantially in the form attached hereto, as Exhibit "A," with such revisions, amendments and completions as shall be approved by a Responsible Officer with the advice of Fulbright & Jaworski L.L.P. Los Angeles, California, as special counsel ("Special Counsel") and Agency counsel, such approval to be conclusively evidenced by the execution and delivery thereof A Responsible Officer shall include any member of the Agency, the Chairperson, the Executive Director, the Finance Director, the Secretary, or any official of the Agency designated by the Chairperson or Executive Director as a Responsible Officer. Section 2. The Executive Director or any other Responsible Officer of the Agency is hereby authorized and directed to execute and deliver any and all documents and instruments and to do and cause to be done any and all acts and things necessary or proper for carrying out the transactions contemplated by this Resolution. Section I'. The Agency hereby finds and determines that the Agency's approval of this t� - 4n Resolution is exempt from review pursuant to the California Environmental Quality Act ('*CEQA") pursuant to the State's CEQA Guidelines Sections 15061(b)(3) and 15378 (13)(5) L Merk Rcsolutions Redevelopment Agency 430 Redlands Utility Authority,DOC I because it can be seen with certainty that the creation of a new governmental authority will not have a significant effect upon the environment. Section 4. The Secretary shall certify to the adoption of this Resolution which shall be in full force and effect immediately upon its adoption. ADOPTED AND APPROVED this 7th of July, 2009. Jon Harrison, Chairman ATTEST: r. Lorrie Poyzer, Secretary 1:cderk Rt~solutions Redevelopment Agency'436 P—diands U'fility Authotity.DOC JOINT EXERCISE OF POWERS AGREEMENT CREATING THE REDLANDS UTILITY AUTHORITY Dated as of July 7, 2009 1:',cx,,djm,Agrccments'JPA re Utilities Authority.DOC , TABLE OF CONTENTS EM ART7CL]Ey DEFINITIONS Section1.01 Definitions........................................................................................................ } ARTICLE II GENERAL PROVISIONS Section2.01 Purpose.............................................................................................................3 Section 2.02 Creation of Authority—.~,...-.-_..—~-.^^.....---,...-.-_.—.--._.^..-.--3 ARTICLE III BOARD OF DIRECTORS Section3.01 Board 0fDirectors............................................................................................3 Section3.02 Powers..............................................................................................................4 Section 3.03 Compensation,..--^...--.~.,...,...',.—....—~.-..—.,—`.._.—_._.^,..._.4 Section 3.04 Meetings Ofthe Board nf .—..--.—....-.—..-~..--...4 ARTICLE IV OFFICERS AND EMPLOYEES Section4.01 Officers ............................................................................................................5 Section 4.02 SubordinateOfficers........................................................................................5 Section 4.03 Removal 0fOfficers..................................................^......................................5 Section 4.04 Chairperson..—.._`..—.^.......—~-.-.—.._.~..,..—_...—.—.....—.~~.....~-.,-...5 Section 4.05 Vice Chairperson .,-~—.._—_~.—_—~.—......--.—...—_.^_,~.____,._ 5 Section 4.06 Executive Director...........................................................................................5 Section4.07 Secretary............................. ............................................................................5 Section4.08 Treasurer..........................................................................................................0 Section 4.09 Officers in Charge of Records, Funds and Accounts.......................................0 Section 4.10 Other Employees......-..~^...--.-.'~^......~.-.~........~^.--.._.^...--......-.h Section 4.11 Conflict ofInterest Code..................................................................................b ARTICLE POWERS Section5.01 General Powers......,............-...^^'^``^^``'^-^^'^-`^^^`''`'^^'`'^^^''^'`''-''`^'^'``'^``~'^^^^~-^^^'^``''6 Section5.02 Specific Powers................................................................................................ / Section 5.03 Restrictions on Exercise of Powers..................................................................M Section 5_04 Liability; Contribution.......... ..........................................................................8 Section 5.05 Indemnity by Authority for Litigation Expenses Of Officer, Board of Directors Member QCEmployee....................................................................... W Section 5,06 Execution 0fContracts.....................................................................................9 TABLE OF CONTENTS ka= ARTICLE VI CONTRTB{JTTON', ACCOUNTS AND REP(]RTS', FUNDS Section 6.01 Contributions....................................................................................................g Section 6.02 Accounts and Reports.—.---..—.—.._—.—........—...--'..--...................g Section6.03 Funds......................................................................................... .................... l0 Section 6.04 Annual Budget and Administrative Expenses-_-------.------- lO ARTICLE V}} TERM; ADDITION OF MEMBERS; DISSOLUTION Section7.01 Tenn............................................................................................................... lO Section 7.02 Addition ofMembers..................................................................................... l0 Section 7.03 Withdrawal ozExclusion ofoMember.......................................................... l} Section7.04 Dissolution..................................................................................................... Il ARTICLE VIII MISCELLANEOUS PROVISIONS Section8.01 Notices........................................................................................................... l2 Section 8.02 Section Headings ..._--...—_^--_---.-------.....—._..,--.. l2 Section8.03 Consent.......................................................................................................... l2 Section 8.04 [4`v Governing-------_.-----.—.—.—....—'.—_...-----..— l2 Section 8.05 Amendments.._...—.---.---.._....--.'---.-_..,.,.—.---.-- l2 Section 8.06 Enforcement by Authority------~—.--...—..—.—..---..._—..--. l3 Section 8.07 Severability----.—.--....._—..--------..--._--,,--....... l] Section 8.08 Successors and Assigns.................................................................................. l3 Section 8.09 Execution of Counterparts---.—._.—..—..--.--,......—.---.--. l3 re Utilities Aum*ritx130C ii JOINT EXERCISE OF POWERS AGREEMENT CREATING THE REDLANDS UTILITY AUTHORITY THIS JOINT POWERS AGREEMENT (the "Agreement"), is made and entered into as of July 7, 2009 by and among the Members (as defined herein); WITNESSETH: WHEREAS, the Members wish to form an agency under the Joint Powers Law, known as the Redlands Utility Authority, for the purpose of providing an entity to assist in providing financing, for purposes which are authorized by law, and which could lease, own, operate and maintain the Enterprise(as defined herein); NOW, THEREFORE, in consideration of the above premises and of the mutual promises herein contained, the Members do hereby agree as follows: ARTICLE I DEFINITIONS Section 1.01 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. "Agency"means the Redevelopment Agency of the City of Redlands. "Agreement" means this Joint Exercise of Powers Agreement, as originally entered into or as amended from time to time in accordance with Section 8.05 hereof. "Authority" means the Redlands Utility Authority established pursuant to Section 2.02 hereof "Board" means the Board referred to in Section 3.01 hereof, which shall be the governing body of the Authority. "Bond Law" means the Marks-Roos Local Bond Pooling Act of 1985, being Article 4 of the Joint Powers Law (commencing with Section 6584), as amended from time to time, Article 2 of the Joint Powers Law, as amended from time to time, or any other law available for use by the Authority in the authorization and issuance of Indebtedness or to provide for the financing of Indebtedness and/or Public Capital Improvements, as amended from time to time. "Bond Purchase Agreement" means an agreement between the Authority and a Member or a Local Agency, pursuant to which the Authority agrees to purchase Indebtedness from a Member or a Local Agency, as the case may be. "City"means the City of Redlands. l:\ca',djnt�Agreet-nentsJPA re Utilities Authotity,DOC "Enterprise" means the Water Enterprise, the Sewer Enterprise and any other utility system or service leased to the Authority by the City or acquired by the Authority. "Fiscal Year" means the fiscal year of the Authority as established from time to time by the Board, being at the date of this Agreement the period from July I in any calendar year to and including June 30 in the succeeding calendar year. "Indebtedness" means bonds, notes or other evidences of indebtedness, and all other obligations, instruments and agreements constituting "Bonds" under the Joint Powers Law, which are issued or incurred by or on behalf of the Authority, a Member or a Local Agency pursuant to the Bond Law or pursuant to any other provision of law to finance the lease, acquisition, construction or improvement of Public Capital Improvements, Working Capital Requirements, or liability or other insurance needs of any Local Agency (the "Local Obligations"). "Joint Powers Law" means Articles I through 4 (commencing with Section 6500) of Chapter 5, Division 7, Title I of the California Government Code, as amended from time to time. "Liability Share" means, with respect to any Member, the amount of a judgment for damages divided by the number of Members at the time the act or omission occurred, unless any portion of the judgment arises from an act or omission directly related to the studying, planning, financing, developing, acquiring, purchasing, construction, reconstructing, implementing, improving, enlarging, enhancing, operating, maintaining, selling, disposing of, or decommissioning of any project undertaken by the Authority under this Agreement, 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 at the time the act or omission occurred, divided by(ii) the aggregate amount of all Members' entitlements or rights to participate in such project at the time the act or omission occurred. "Local Agency" means each of the Members, any agency or subdivision of a Member, and any other city, county, authority, district or public corporation of the State of California. "Members" means, collectively, all of the Members that are parties to this Agreement, which Members shall initially consist of the City of Redlands and the Redevelopment Agency of the City of Redlands, and which shall include all additional Members that become parties hereto pursuant to the provisions of Section 7.02 hereof; provided, however, that the term "Member" shall not include any entity which shall have withdrawn or been excluded from the Authority pursuant to Section 7.03 hereof. "Public Agency" has the meaning given to the term "public agency" in Article I of the Joint Powers Law. "Public Capital Improvements" has the meaning given such term in Section 6585(g) of the Bond Law, as such provision may be amended from time to time. "Sewer Enterprise" means the entire wastewater collection, treatment and disposition system owned or operated by the City, including but not limited to all facilities, properties and l:\ca',,djm\AgreetnentsJPA re Utilities Authority,130C 2 improvements at any time owned or operated by the City for the collection, treatment and disposition of wastewater, whether within or without the City, and any necessary lands, rights, entitlements and other property useful in connection therewith, together with all extensions thereof and improvements thereto hereafter acquired, constructed or installed by the Authority or the City. "Water Enterprise" means the entire water treatment, production, storage and distribution system owned, leased or operated by the Authority, including but not limited to all facilities, properties and improvements at any time owned, leased or operated by the Authority for the collection, treatment and supply of potable and reclaimed water to residents served thereby, whether within or without the City, and any necessary lands, rights, entitlements and other property useful in connection therewith, together with all extensions thereof and improvements thereto hereafter acquired, constructed or installed by the City or the Authority. "Working Capital Requirements" means the requirements of any Local Agency for funds to be used by, or on behalf of, such Local Agency for any purpose for which such Local Agency may borrow money pursuant to Section 53852 of the California Government Code, as amended from time to time. ARTICLE 11 GENERAL PROVISIONS Section 2.01 'Purpose. This Agreement is made pursuant to the Joint Powers Law providing for the joint exercise of powers common to two or more Members, and for other purposes as permitted under the Joint Powers Law and the Bond Law. The purpose of this Agreement is to provide for the lease, ownership, operation, management and maintenance of the Enterprise or service, the financing of Public Capital Improvements for and Working Capital Requirements and insurance programs of, the Members and any Local Agency, including without limitation, financings relating to the Enterprise or service through the lease, acquisition or construction by the Authority of such Public Capital Improvements, the purchase by the Authority of Indebtedness of any of the Members or a Local Agency pursuant to Bond Purchase Agreements, the lending of funds by the Authority to a Member or a Local Agency or the entering into of contractual arrangements by the Authority with a Member or a Local Agency and any other transaction authorized by the Joint Powers Law and other laws; engaging in financings relating to the encouragement of economic development and the stimulation of public revenues in the City through the acquisition and financing by the Authority of such Public Capital Improvements; and to engage in any other transactions authorized by the Joint Powers Law and other laws. Section 2.02 Creation of Authority. Pursuant to the Joint Powers Law, there is hereby created a public entity to be known as the"Redlands Utility Authority". The Authority shall be a public entity separate and apart from the Members, and shall administer this Agreement. l:\ca%.djmAgreements'JPA re Utilities Authority.DOC 3 ARTICLE III BOARD OF DIRECTORS Section 3.01 Board of Directors. The Authority shall be governed by a Board of Directors, which shall be comprised of members determined as provided in this Section 3.01. The Board of Directors shall be called the "Board of Directors of the Redlands Utility Authority." Notwithstanding anything contained in this Section 3.01 to the contrary, no member of the Board of Directors shall hold membership on the Board of Directors after the expiration of his or her term as a member of the governing body of a Member, or until he or she resigns, is removed or for any other reason no longer serves as a member of the governing body of a Member. The members of the Board of Directors shall be the members of the City Council of the City. Section 3.02 Powers. Subject to the limitations of this Agreement and the laws of the State of California, the powers of this Authority shall be vested in and exercised by and its property controlled and its affairs conducted by the Board of Directors. The Board of Directors shall have the responsibility for the general management of the affairs, property and business of the Authority and may, from time to time, adopt and modify such By-Laws and other rules and regulations for that purpose and for the conduct of its meetings as it may deem proper. Section 3.03 Compensation. Members of the Board of Directors shall serve with each compensation as shall be established from time to time. Each such member may be reimbursed for necessary and actual expenses, including travel incident to his or her services as member of the Board of Directors, pursuant to resolution of the Board of Directors. Any member of the Board of Directors may elect, however, to decline said compensation or reimbursement. Section 3.04 Meetings of the Board of-Directors, Voting. (a) Call, Notice and Conduct of Meetings. All meetings of the Board of Directors, including without limitation, regular, adjourned regular and special meetings, shall be called, noticed, held and conducted in accordance with the Ralph M. Brown Act, being Sections 54950 et seq. of the California Government Code, as amended from time to time. (b) Regular Meetings. The Board of Directors shall hold a regular meeting not less than once each calendar year. Regular meetings of the Board of Directors shall be held on the same date as the second City Council meeting of each month. No notice of any regular meeting of the Board of Directors need be given to the members of the Board of Directors. (c) Special Meetings. Special meetings of the Board of Directors shall be held whenever called by the Chairperson of the Authority or by a majority of the members of the Board of Directors, in accordance with the provisions of the California Government Code, as amended from time to time. (d) Quorum. A majority of the total number of members of the Board of Directors shall constitute a quorum for the transaction of business, except that less than a quorum may adjourn from time to time. 1:\ca\djm',AgreernentsJPA re Utilities Authotity,DOC 4 (e) Votin . Each member of the Board of Directors shall have one vote. The affirmative votes of at least a majority of the members of the Board of Directors present at any meeting at which a quorum is present shall be required for the Board of Directors to take any action. Every act or decision done or made by a majority of the members of the Board of Directors present at any meeting at which a quorum is present shall be the act of the Board of Directors. ARTICLE IV OFFICERS AND EMPLOYEES Section 4.01 Officers. The officers of the Authority shall be a Chairperson, a Vice Chairperson, an Executive Director, a Secretary, a Treasurer and such other officers as the Board of Directors may appoint. The Chairperson shall be the Mayor of the City. The Vice Chairperson shall be the Mayor Pro Tern of the City. The City Treasurer shall serve as the Treasurer of the Authority. The City Manager shall serve as the Executive Director of the Authority. The City Clerk shall serve as the Secretary of the Authority. The City Attorney shall serve as legal counsel to the Authority. Section 4.02 Subordinate Officers, The Board of Directors may elect or authorize the appointment of such other officers than those herein above mentioned as the business of the Authority may require, each of whom shall hold office for such period, have such authority and perform such duties as are provided in this Agreement, or as the Board of Directors, from time to time, may authorize or determine. Section 4.03 'Removal of Officers. Any officer may be removed, either with or without cause, by a majority of the members of the Board of Directors at any regular or special meeting of the Board of Directors. Should a vacancy occur in any office as a result of death, resignation, removal, disqualification or any other cause, the Board of Directors may delegate the powers and duties of such office to any officers or to any members of the Board of Directors until such time as a successor for said office has been appointed. Section 4.04 Chairperson. The Chairperson shall be the presiding officer of the Authority. He or she shall be ex officio member of all standing committees, and shall have the such powers and duties as may be prescribed by the Board of Directors or this Agreement. The Chairperson shall preside at all meetings of the Board of Directors. Section 4.05 Vice Chairperson. In the absence or disability of the Chairperson, the Vice Chairperson shall perform all the duties of the Chairperson and when so acting shall have all the powers of and be subject to all of the restrictions upon the Chairperson. The Vice Chairperson shall have such other powers and perform such other duties as may, from time to time, be prescribed for him or her by the Board of Directors or this Agreement. Section 4.06 Executive Director. The Executive Director shall be the chief executive officer of the Authority. He or she shall have the general powers and duties of management of the Authority and shall have such other powers and duties as may be prescribed by the Board of Directors or this Agreement. 1:\ca\djm'Agreetnents'\JPA re Utilities Authority.DOC 5 Section 4.07 'Secretary. The Secretary shall keep or cause to be kept a book of minutes at the principal office or at such other place as the Board of Directors may order, of all meetings of the Board of Directors, with the time and place of holding, whether regular or special, and if special, how authorized, the notice thereof given, the names of those present at Board of Directors meetings and the proceedings thereof. The Secretary shall give or cause to be given notice of all meetings of the Board of Directors. The Secretary shall keep the Authority records in safe custody and shall have such other powers and perform such other duties as may be prescribed by the Board of Directors or this Agreement. Section 4.08 Treasurer. Subject to the applicable provisions of any indenture or resolution providing for a trustee or other fiscal agent, the Treasurer is designated as the depositary of the Authority to have custody of all the money of the Authority, from whatever source, and, as such, shall have the powers, duties and responsibilities specified in Section 6505.5 or 6505.6 of the Joint Powers Law. The Treasurer is hereby designated as the auditor of the Authority and, as such, shall have the powers, duties and responsibilities specified in Section 6505.5 or 6505.6 of the Joint Powers Law including, without limitation, financial reporting responsibilities as provided therein. Section 4.09 Officers in Char2e of Records, Funds and Accounts. The Treasurer to the extent such officer's duties and responsibilities require, is designated as the public officer or person who has charge of, handles, or has access to any property of the Authority, and such officer shall file an official bond as required by Section 6505.1 of the Joint Powers Law in the amount of$25,000. Section 4.10 Other Employees. The Board of Directors shall have the power to appoint and employ such other officers, employees, consultants and independent contractors as it may deem necessary for the purposes of this Agreement, any of whom may be employees of a Member, and who shall have such powers, duties and responsibilities as are determined by the Board of Directors. All of the privileges and immunities from liability, exemptions from laws, ordinances and rules, all pension, relief, disability, workers' compensation and other benefits which apply to the activities of officers, agents, or employees of a public agency when performing their respective functions shall apply to them to the same degree and extent while engaged in the performance of any of the functions and other duties under this Agreement. None of the officers, agents, or employees directly employed by the Authority shall be deemed, by reason of their employment by the Authority to be employed by any of the Members or, by reason of their employment by the Authority, to be subject to any of the requirements of any of the Members. Section 4.11 Conflict of Interest Code. The Authority by resolution shall adopt by reference a Conflict of Interest Code as required by the Political Reform Act, commencing with section 81000 of the Government Code of the State of California. 1:`Ta\djm',,AgreementsJPA re Utilities Authotity,DOC 6 ARTICLE V POWERS Section 5.01 General Powers. The Authority shall exercise in the manner herein provided powers common to Members, or as otherwise permitted under the Joint Powers Law, and necessary or convenient to the accomplishment of the purposes of this Agreement, subject to the restrictions set forth in Section 5.03 hereof. As provided in the Joint Powers Law, the Authority shall be a public entity separate from the Members. The Authority shall have all of the powers provided in the Joint Powers Law, including but not limited to Article 4 of the Joint Powers Law (commencing with Section 6584), and including the power to issue or incur Indebtedness under the Bond Law. Section 5.02 Specific Powers. The Authority is hereby authorized, in its own name, to do all acts necessary for the exercise of the foregoing powers, including but not limited to, any or all of the following: (a) to make and enter into contracts; (b) to employ agents or employees; (c) to plan, develop, acquire, construct, manage, maintain, repair, replace or operate any Public Capital Improvement, including the common power of the Members to acquire any Public Capital Improvement by the power of eminent domain; (d) 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; (e) to issue or incur Indebtedness and otherwise to incur debts, liabilities or obligations, provided that no such Indebtedness, debt, liability or obligation shall constitute a debt, liability or obligation of any of the Members; (f) to sue and be sued in its own name; (g) to establish a budget and authorize expenditures therefrom; (h) to apply for, accept, receive and disburse grants, loans and other aids from any agency of the United States or of the State of California or from any private sources; (i) to enter into agreements for the creation of separate public entities and agencies pursuant to the Joint Powers Law; 0) to invest any money in the treasury as determined by the Authority, in accordance with applicable provisions of the Joint Powers Law and Section 53601 of the California Government Code, as amended from time to time; L`ea\djrn',,Agreements1JPA re Utilities Authority.DOC 7 (k) to apply for letters of credit or other forms of financial guarantees in order to secure the repayment of Indebtedness and enter into agreements in connection therewith; (1) to carry out and enforce all the provisions of this Agreement; (m)to make and enter into Bond Purchase Agreements; (n) to purchase Indebtedness of a Member or any Local Agency; (o) to establish non-profit corporations or for-profit corporations to assist in accomplishing any of its objectives; and (p) to exercise any and all other powers as may be permitted by State law and/or the Joint Powers Law(including Section 6588 of the Joint Powers Law). Section 5.03 RestrictionsonExercise of Powers. The powers of the Authority shall be exercised in the manner provided in the Joint Powers Law and in the Bond Law subject only to the restrictions upon the manner of exercising such powers as are imposed upon the Members in the exercise of similar powers. Section 5.04 Liability, Contribution. Pursuant to the Joint Powers Law, the debts, liabilities and obligations of the Authority shall not be the debts, liabilities and obligations of any of the Members, except as provided by Section 895.2 of the California Government Code, as amended from time to time, in the case of injury caused by a negligent or wrongful act or omission occurring in the performance of this Agreement. In the event any Member is held liable upon any judgment 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 judgment for damages, but in no event shall any such other Member be required to pay in excess of its Liability Share of such judgment. No member, officer, agent or employee of the Authority shall be individually or personally liable for the payment of the principal of or premium or interest on any obligations of the Authority or be subject to any personal liability or accountability by reason of any obligations of the Authority; but nothing herein contained shall relieve any such member, officer, agent or employee from the performance of any official duty provided by law or by the instruments authorizing the issuance of any obligations of the Authority. 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. Section 5.05 Indemnity by Authority for Litigation Expenses of Officer. Board of Directors Member or Employee. In the event any member of the Board of Directors, officer or employee of the Authority be sued, either alone or with others, because he or she is or was a member of the Board of Directors, officer or employee of the Authority, in any proceeding arising out of his or her alleged misfeasance or nonfeasance in the performance of his or her duties or out of any alleged wrongful act against the Authority or by the Authority, indemnity to such person for reasonable expenses, including attorneys' fees incurred in the defense of the proceedings, may be assessed against the Authority or its receiver by the court in the same or a separate proceeding if the person sued acted in good faith and in a mariner such person l:',ca'Ndjin',AgreementsJPA re Utilities Authority.DOC 8 reasonably believed to be in the best interests of the Authority and, in the case of a criminal proceeding, had no reasonable cause to believe the conduct of such person was unlawful. The amount of such indemnity shall equal the amount of the expenses, including attorneys' fees, incurred in the defense of the proceeding. Section 5.06 Execution of Contracts. The Board of Directors, except as otherwise provided in this Agreement, may authorize any officer or officers, agent or agents, to enter into any contract or execute any contract or execute any instrument in the name of and on behalf of the Authority and such authorization may be in general or confined to specific instances and unless so authorized by the Board of Directors, no officer, agent or employee shall have any power or authority to bind the Authority by any contract or engagement or to pledge its credit or to render it liable for any purpose or in any amount. ARTICLE VI CONTRIBUTION; ACCOUNTS AND REPORTS; FUNDS Section 6.01 Contributions. In accordance with the California Government Code, the Members may in the appropriate circumstances when required hereunder: (a) make contributions from their treasuries as approved from time to time by the Board of Directors, for the purposes set forth herein, (b) make payments of public funds to defray the cost of such purposes, (c) make advances of public funds for such purposes, such advances to be repaid as provided herein, or (d) use their personnel, equipment or property in lieu of other contributions or advances. The provisions of Section 6513 of the Joint Powers Law are hereby incorporated into this Agreement. 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 7.03(c) hereof Any such 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. Section 6.02 Accounts and Reports. There shall be strict accountability 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 responsibilities 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 by the Members and their representatives. The Authority shall give an unaudited written report of all financial activities for each Fiscal Year to the Members within 210 days after the close of each Fiscal Year. l:\ca',,djm',AgreetnentsJPA re Utilities Authority,DOC 4 The Treasurer, as auditor of the Authority, shall contract with a certified public accountant or public accountant to make an independent annual audit of the accounts and records of the Authority. In each case the minimum requirements of the audit shall be those prescribed by the State Controller for special districts under Section 26909 of the California Government Code, as amended from time to time, and shall conform to generally accepted auditing standards. When such an audit of an account and record is made by a certified public accountant or public accountant, a report thereof shall be filed as public records with each of the Members and with the county auditor of Los Angeles. Such report shall be filed within 12 months of the end of the Fiscal Year under examination. Any costs of the audit, including contracts with, or employment of, certified public accountants or public accountants, in making an audit pursuant to this Section shall be borne by the Authority and shall be a charge against any unencumbered funds of the Authority available for the purpose. Section 6.03 Funds. Subject to the applicable provisions of any instrument or agreement which the Authority may enter into, which may provide for a trustee to receive, have custody of and disburse Authority funds, the Treasurer of the Authority shall receive, have the custody of and disburse Authority funds as nearly as possible in accordance with generally accepted accounting practices, and shall make the disbursements required by this Agreement or to carry out any of the provisions or purposes of this Agreement. Section 6.04 Annual Budget and Administrative Expenses. The Board of Directors shall adopt an annual budget to provide for the operation and maintenance of the systems owned and/or operated by the Authority, including, without limitation, amounts to be paid for debt service and lease payments and for contracts entered into by the Authority and administrative expenses, which shall include all expenses not included in any financing issue of the Authority, annually prior to July I st of each year. ARTICLE VII TERM; ADDITION OF MEMBERS; DISSOLUTION Section 7.01 Term. This Agreement shall become effective as of the date first set forth above, and the Authority shall come into existence, on the date of execution and delivery hereof, and this Agreement shall thereafter continue in full force and effect until the later of June 30, 2064 or the date on which all Indebtedness and other obligations 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, and no material contracts to which the Authority is a party remain in effect, unless earlier dissolved pursuant to Section 7.04 hereof Section 7.02 Addition of Members. (a) Public Agencies possessing one or more of the powers specified in the first paragraph of the recitals to this Agreement may be added as parties to this Agreement, and become Members, upon the filing by such Public Agency with the Board of Directors of 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 l:"ea\djm\Agreements\JPA re Utilities Authotity,DOC 10 (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 which may 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. (b) Notwithstanding Section 7.02(a) hereof, no such Public Agency shall become a Member until (i) its admission is approved by a vote of a majority of the Board of 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 the date of admission of such Public Agency as a Member as shall be determined by the Board of Directors. (c) Upon satisfaction of the provisions of Section 7.02(a) and 7.02(b) hereof, such Public Agency shall be a Member for all purposes of this Agreement, and the instrument provided pursuant to Section 7.02(a) hereof 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 8.05 hereof. Section 7.03 Withdrawal or Exclusion of a Member. (a) 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 6.01 hereof, 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. (b) Upon compliance with the conditions specified in Section 7.03(a) hereof, the withdrawing Member shall no longer be considered a Member for any reason or purpose under this 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 contract between the withdrawing Member and the Authority. (c) 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 6.01 hereof, may have its rights under this Agreement terminated and may be excluded from participating in the Authority by a vote of a majority of the members of the Board of Directors voting on the matter (excluding from voting the member(s) of the Board of Directors, 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. L,za\djm\Agreetnents1JPA re Utilities Authotity.DOC I I No withdrawal from membership pursuant to Sections 7.03(a) and 7.03(b) hereof or exclusion from participation pursuant to Section 7.03(c) hereof shall constitute an amendment or modification of this Agreement for purposes of Section 8.05 hereof, Section 7.04 Dissolution. With the approval of the Board of Directors, the Authority may be dissolved, if at the time of such dissolution the Authority has no Indebtedness outstanding and is not a party to any contract remaining in effect (unless adequate provision shall have been made for the discharge of such contract). Upon the dissolution or termination of the Authority, and after payment or provision for payment, all debts and liabilities, the assets of the Authority shall be distributed to the Members in such manner as shall be determined by the Board of Directors. ARTICLE VIII MISCELLANEOUS PROVISIONS Section 8.01 Notices. (a) 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 i delivered in person or sent by registered or certified mail, postage prepaid, to the person designated by such Member upon the commencement of its membership in the Authority. (b) 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. (c) Any notice, demand or request to the Authority 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 Redlands Utility Authority, c/o City of Redlands, 35 Cajon Street, Redlands, California 92373, or at the notice address most recently provided by said Member pursuant to this Section 8.01. (d) The Authority may, at any time, by written notice to each Member, designate a different or additional person or a different address for giving notices, demands or requests to it hereunder. Section 8.02 Section Headings. All section headings in this Agreement are for convenience of reference only and are not to be construed as modifying or governing the language in the section referred to or to define or limit the scope of any provision of this Agreement. Section 8.03 Consent. Whenever in this Agreement any consent or approval is required, the same shall not be unreasonably withheld. Section 8.04 Law Governin . This Agreement is made in the State of California under the constitution and laws of the State of California, and is to be so construed. Section 8.05 Amendments. This Agreement may be amended at any time, or from time to time, except as limited by contract with the owners of Indebtedness issued or incurred by the 1:",,ei\djnfAgreetnentskJPA re Utilities Authority.130C 12 Authority, a Member or a Local Agency or by applicable regulations or laws of any jurisdiction having authority,by one or more supplemental agreements executed by all then current Members either as required in order to carry out any of the provisions of this Agreement or for any other purpose. Section 8.06 Enforcement by Authority. The Authority is hereby authorized to take any or all legal or equitable actions, including but not limited to injunction and specific performance, necessary or permitted by law to enforce this Agreement. Section 8.07 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 and 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 from all other provisions of this Agreement. Section 8.08 Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the successors and assigns of the Members. No Member may assign any right or obligation hereunder without the written consent of the other Members. The immediately preceding sentence shall not affect, in any respect, any right of assignment under any contract between any Member and the Authority. Section 8.09 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. 1:',jca,,djm';Agrec3iients",JPA re Utilities Authority.DOC 13 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunto, duly authorized, on the day and year first set forth above. CITY OF REDLANDS By: Jon Harrison, Mayor Attest: Lorrie Poyzer, City Clerk REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS By: Jon Harrison, Chairman Attest: Lorrie Poyzer, Secretary L'Ta',djm\AgreetnentsJPA re Utilities Authority.DOC 14