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HomeMy WebLinkAboutRESOLUTIONS - 01181994 - 94-59 14 •/ 1 rj RESOLUTION OF THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Resolution No. 94/59 WHEREAS, Contra Costa County has entered into an Agreement with the West Contra Costa Integrated Waste Management Authority (the Authority) dated May 25, 1993 (the Authority - County Contract) which provides, among other things, for the development of an Integrated Resource Recovery Facility (the "IRRF" ) in West Contra Costa County; and WHEREAS, West County Resource Recovery, Inc. (the "Borrower" ) is developing the "IRRF" in West Contra Costa County to be regulated by the Authority in accordance with the Authority-County Contract. The Borrower and the Authority have entered into the Service Agreement relating to the provision of services at the IRRF; and WHEREAS, the funds for the development of the IRRF will be equity contributed by the Borrower and the proceeds of the issuance of the Bonds, which Bonds will be supported by a letter of credit (the "Letter of Credit" ) to be issued by Union Bank pursuant to that certain Reimbursement Agreement dated as of January 1, 1994 among the Borrower, Union Bank and Mechanics Bank of Richmond, as banks (the "Banks" ) , and Union Bank, as agent for the banks (the "Agent" ) (the "Reimbursement Agreement" ) ; and WHEREAS, this Resolution is made to clarify any possible ambiguities in the Authority - County Contract because of the Authority's decision to allow financing through bonds issued by the California Pollution Control Authority, supported by private financing of the IRRF rather than Authority financing and to confirm to the Borrower, the Banks, and the Authority, the rights and obligations of Contra Costa County regarding the operation and effect. of the Authority - County Contract in light of the issuance of the Bonds; and WHEREAS, Richmond Sanitary Service and the County have entered into a Franchise Agreement dated October 12, 1993, which includes an Exhibit "D" thereto which Exhibit "D" is entitled "Collection Franchise Agreement Requirements" and is Exhibit "A" to the Authority - County Contract; and WHEREAS, Exhibit "A" to the Authority - County Contract is based upon Exhibit "B" to the West Contra Costa Integrated Waste Management Authority Joint Exercise of Powers Agreement as amended as of November 14, 1991 (the "prior Joint Powers Agreement" ) ; and WHEREAS, the prior Joint Powers Agreement has been amended and restated in the West Contra Costa Integrated Waste Management Authority Second Amendment and Restatement of the Joint Exercise of Powers Agreement dated December 21, 1993 (the "current Joint Powers Agreement" ) ; and WHEREAS, the current Joint Powers Agreement amends the "Collection Franchise Agreement Requirements" which are attached to the current Joint Powers Agreement as Exhibit "B; " and WHEREAS, the County and the Borrower wish to replace Exhibit "A" attached to the Franchise Agreement with the "Collection Franchise Agreement Requirements" exhibit attached to the current Joint Powers Agreement as Exhibit "B" in order to conform and clarify the rights and obligations of the County to those of the member agencies of the Authority with respect to the provisions of the Franchise Agreement respecting the IRRF, IT IS THEREFORE RESOLVED: 1 . For so long as (i) the Service Agreement is in effect or (ii) obligations are owed to the Banks under the Reimbursement Agreement, whichever is longer, the County intends to and will perform its obligations under the Authority-County Contract and the Franchise Agreement in accordance with their terms and the County will not take any action to terminate such agreements nor, without the prior written consent of the Agent amend such agreements in a way which would materially effect the right of the Authority to establish Designated Rates or the obligation of the County to direct waste to the IRRF and pass through Designated Rates . 2 . The obligation of the County and the cities party to the Joint Powers Agreement to impose the In Lieu Surcharge and Designated Rates on their respective ratepayers and to direct waste to the Designated Facility shall survive the termination of the Authority-County Contract, for so long as (i) the Service Agreement is in effect or (ii) obligations are owed to the Banks under the Reimbursement Agreement, whichever is longer. 3 . Exhibit "A" to the Franchise Agreement is hereby amended and replaced with Exhibit "B" to the current Joint Powers Agreement, which is entitled "Collection Franchise Agreement Requirements . " The Community Development Director or his deputy is hereby authorized to execute the Certificate of Amendment - Franchise Agreement Between Contra Costa County and Richmond Sanitary Services Inc. on behalf of the County. 4 . For the purposes of this Board Resolution, the following terms have the following respective meanings when used herein: "Bonds" has the meaning defined in the Service Agreement. "Designated Facility" has the meaning assigned to such term ` in the Joint Powers Agreement. "Designated Rates" has the meaning assigned to such term in the Joint Powers Agreement. "In Lieu Surcharge" has the meaning assigned to such term in the Joint Powers Agreement. "Service Agreement" is the agreement dated as of January 1, 1994 , entitled Service Agreement for the Integrated Resource Recovery Facility Between the West Contra Costa Integrated Waste Management Authority and West County Resource Recovery, Inc. Passed and adopted on Jan. 18, 1994 , by the following vote: Ayes: Supervisors Smith , Bishop , McPeak , Powers Noes: None Absent: Supervisor Torlakson Abstain: None I hereby certify that this is a true and correct COPY of an action taken and entered on the minutes of the Boarr+of supervisors on the date shown. ATTESTED: January 18, 1994 PHIL BATCHELOR,Clerk of the Board Of Supervisors and County Administrator by .Deputy 2