02-0115_SAN JUAN CAPISTRANO PUBLIC FINANCING AUTHORITY_Joint Exercise of Powers Agreement (2)JOINT EX9RCI1:18 CIF ROWEREI AGRERMENI
SAN JL PIN CIARISTRAN O PUBLICI FIN AN CIIN G AUIF OR17Y
-nH19 ACRE E MEIN ll (11 a "Joint Elxencise of Rowens Agneemen-1") is dated as oil
January 15, 2002, t y and among the City of flan Aian Clapistrano (the "City"), t1 e
Capistrano Valley Waten Districl (the "Water Dislriat°) and the San Juan Capistnano
Community Redevelopment Agenay (the "Plgency"), each duly onganized and existing
unden the laws of the Elta-le o'l Clalifoiln ia;
Wl TA ESSE7IH:
VI IF EIREA.1, It e Clity, It e Water Dislriat and the Flgena)l dram time to time
undedaNe the llinancing cl put Iia capital impnovemenls and olhen pncljeats lion
revitalization cif the City, t1 a Water District and -Ihe Plgena)l; and the City, tl e Walen
Disinial and It a Agency \+list to ionm a joint powens authcinily under It e Joint Bxencise of
Powens Law ciil the Stale cif Cali'lonnia (constituting Clhapteii 5 till Uivis ion 7 of Title 'I of
11 a Calikinnia Gmiernment Clode) (heneinafler defined as the "Act") ficin the punpose o1
exeiicising any and all powein penmitted to t e exeiicised t y suc h an authority, including
such authanity to act Linden 1:1 a Acl punsuant to the Manks-Roos Local Elond Pooling Act
oil 1985 (heneinaflen defined as -I1 a "Bond Law") and the Plat authclnizes agencies nonmed
Linden the Act Io assist in 'It a finanaing of public capilal impiicivemenis to be owned by
any of its membeiis .
NOW, lIF GREFCIREI, in consideraticin of -Ihe above pnemises and of Ile mutual
piKimises herein aon'Iained, the City, t1 e Water 11istnict and the Plgenc)l do hereby agiiee
as 11ollows:
PIRTICLE3 I
11BFIN I71ONEI
Seclion 1.01. Definitions. Unless the c anlexl otherwise neq uiiies, the words and
lenms defined in this Ar icle I shall, fan the punpase heneof, have the meanings henein
specified.
"Act" means Pldicles 'I througt 2 (commencing wilt Section 6500) of Cif apien 5,
Division 7, Title 1 o'l the Clalifoimia Gmieilnment Code.
"Agreemenl" means Ihis Joint Elxeiiaise o-1 Romiens Agneemeni.
"Autl auit�" means the San Juan Cagistnano Public Financing Pluthonily
establisl ed pursuant to Seation 2.2 cif this Agneement.
"A enc " means 11 a San Juan Capisinano Community Redevelopmenll Agency.
"Boand° means the Eloand o-1 Dinectors crl the Auihoniily neferned to in Section 2.3,
whip h shall be the govenning body of the Pltiihonity.
SAI Publia Hinancirq Autt arity
"Bond Law" means Article � (cammenaing with Election 6584) of Chapter 5,
Division 7, Mille I o11he Cali'lonnia Gavennmeni Clade.
"Band Fluncf ase Flgiieemeni" mean:
memben, Runsuant to whiah the Autf oikly
memben, a: the case may be.
an ag nee ment between the PluihonHy and a
agrees to pUnchase Obligations room any
"Bonds" means the k ond; , notes on atf eii evidences o1 indebiedne; ; .
°❑irecians" means the uepne; enlaiives al the City and tt a Agency appointed la
the Board pursuant to 9eciian 2.3.
"Fiscal N eaii" means the peuiod from July 'Isl to and including the Hollowing June
309 .
"Members" means the City, Agency and tf a Cani; tuana Valle)i VI aier District, on
its own acccitiN and as a ; ubsidiary di; tnicl of the City.
"Clblicat�" means "Bonds" as sucf lenm is defined in Sleation 6585(c) of tf e
Bond Law.
"Rublic Capital Impnavements" has the meaning given to suaf tenm in
Election 6585(g) cif the Bond Law.
"Secnetan" mean: the Secnetaryi of the Authorily appoinled Runsuant la
Section 3.11.
"State" means the State of Caliilonnia.
"llreaRieer" means the llnewLinen of the PlUthanity appointed pursuant to
leci ion 3.2.
AR7ICLB II
GE N BRAID RRO% ISICIIN 9
Election 2.01. Runpa, e. phis Plgneement is made pursuant la the Plat piioviding Hon
-It a jaint exeucise o'l pawens common o 11he City and the Agency and ion otf en purposes
as peumibed unden he Flat and as agreed bbl cine oii mole cif the parties hereto. llhe
puiinose o111his Agneemeni is Io pravide for the financing off Public Clapital Improvements
fon a Membeii lhraugh It a nuncf ase by the PlUthonity of Ot Iigallians of a Memben
nuusuan la Band Purahase Plgueements, and,lon It a Ician of funds 11a a Memt eu.
EIecllicin 2.02. Cneation 01 Pluihonii. Pursuant 10 the Act, ihene is hereby created
a public entily is be I' nawn as 11he "San Juan Clapistnano F ublic Financing Ault airily."
nhe Ault aifll�j shall be a public entily senauate and anar dram the Memt eus, and ,hall
adminisleir this AgMement.
Sec-lian 2.03. board cit Dineclors. The Pluihonily st all be administered by a Baand
of Cirecllons consislling o-11 live (5) Dinectois, unless and until suah numbeu is changed by
amendment cif tf is Agreement. Me membeiis of the Clit) I Council 01 the City, as such
SJO Put NO Minancingi AM arit�i 3
merribens may change iiiom time 10 time, : l all consli'lLite the Dinectons o'l the Aulhollily.
111 a Board s hall be called the "Boand of Dineclons all the ' a n Juan Qi pislrano Public
Financings Aulhanily." All valing power al Ir a Aull orily shall reside in Ile Baand.
Seclian 2.04. Meelings of the Baard.
(a) Flegulan Meetings. llhe Baaiid shall pnovide floe its regular
meelings; pncivided, l aweven, 11 all at leasl one negUlar meeling shall be held
each year unless otherwise wahied by a nesaluticin cif the Aulharily. Said annual
regulan meetings shall be I eld cin the 3`d lluesday in Jllne of each and every)
yean. 111 a dale, haun and place of the holding cif additional neglular meetings ar to
change the date cif the annual negUlaii meetings 91 all be Mixed by nescilLiiian al 'll e
Baand and a copy ail sUch resolution s1 all be Oiled will each cif the Members.
(t ) Special Meetings. Special meelings oil the Baaiid may be
called in aacordance wish the nnavisians ofl Seclian 54956 cif It a Clalifarnia
Government Cade.
(c) Call, Ncitice and Clandc ct all Meetings. All meetings of the
Baand, including wilhciul limilalian, negLilaii, adjaUnned ilegulan and special
meelings, shall be called, nalicecl, held and canducled in accandance wish 11 e
pnovisicins all ilhe Ralph M. anawn Acl (Eeclicin 54950 eisec 1. of the Clalifai is
Gavennmeni Cade).
Seclicin 2.05. Minutes. The Secnelaryl s1 all cacise to be kept minules al 11 e
meelings cd the Boaiid and s1 all, as sacin as passible afler each meeting, cause a capy
cd the minules i1a be farwanded la each CJineclan and Ia the Membens.
Section 2.06. Vatin . Bach Dineataii s hail have one vale.
Section 2.07. Quartim; Reguined Vates; Approvals. Clinecclans halding a majanily
cif the vcites shall canE tituile a quorum fan the lransaatian all business, except thail less
fti n a q uarum may adjclL lin fnam time to iime. the affinmalive vcites cif al least a
m�ijorily cif the Direclars nneseni at any meeting ail which a gluanum is piiesent shall be
required la ilal a any aclicin by the Baand.
Section 2.08. Bylamis. llhe Board may adapt, hicim time to lime, sucl bylaws,
n les and neglulalicros far the canducl all HE meelings as are necessary) -kin the purnases
heileol.
ARlIICILB III
OARICIORS AND EMRLOYE E S
cleciion 3.0'I.Clhairman, Vice Chainman, Seciletary and BXeal live Dinectaii. llhe
N ayan of the City shall be Chairman o1-Ihe Bciand, 11 e Mayor Pilo Tem cif the City shall
t e Vice Chairman all the Baand. The City Cllenk shall be ' ecielary cif 'I[ a Bcialid. The
Clily Adminisi rail ive Elervices Diiiecian sl all be Bxeauiive Dineatail of the Ault ari'ly. The
ofl icens shall peraim the dL ties nallma I to said offices. The Chairman shall sign all
con,lnacls on behalf all -Ile Au'll aliily, unless a resalution cif the Board shall n ncivide
S,la Publia Flinandrig Autt a rity
olhemiise, and., hall pE rfoiim s tech other clutk : as maybe impost d Lytle Boa lid. ThE
% iae Chainma n st all sign contnacls and perionm all of -It a Chainman's duties in 1hE
absence of the Cit aiilman. -Rhe Secneiary 31 all aounteilsign all coninacis signEd by the
Chainman cin Vice Clhairman on bE hal-1 oil IhE p11.Iihonity, Uniess a nEsolLIiion oil the Eloalld
shall pilovide oihE rwiise, pE rfailm suah cilhE r du -lies as may be imposed by the Boand and
cau: e a Nolice of Jaint Powens AgreemEnl io be Oiled \Aiilh 11 a Secneiary of 'Elia-le of the
Stale punsuani to the Act. llhe E xecuti\Ie Diiiecior shall adminisien the da l-io-day
openatians of the Aulhaniiy.
Seation 3.02. Tneasuren. PU113Lianl la 9ection 6505.6 of it e Act, the FinancE
Dineatan oil the Clity is hereby designated as the llnEasullen of the Ault oiliiy. the
llneastinE n st all be the depasi'lory, shall have custody o-1 all of the accoLInis, funds and
monEy oil the Auihoniiy flnom whaieven :aurae, shall I aVE the duties and abligations se -1
north in 9eations 6505 and 6505.5 al the Aci and shall a: suile Thal there st all bE stiiicl
accounlabiliiy ail all -lunds and nEpciriing cif all neaeipis and disbursemenis oil the
fluihoniiy. As pnavided in Sections 6505 and 6505.6 o-1 the Act, -It a Ineas LINE n shall
make arnangenien,ls will a certified public accounlanl oil -linm of cerlilliEd public
accounla nis fon the annual audit of accounts and neconds of the Aulhonily.
SE ation 3.03. Officers in Change o1 Recoiids, Funds and Accculnls. F Unsua nt to
:IEciion 65051 cif the Aci, the llreasuner shall have change cif, handle and have access
icI all acaounts, ilunds and money of the pluthonity and all necands of the Aulhonily
nelaling 1heiieta; and the Secretary shall have at aiig a o1, handle and have access to all
of hE r necond3 ai 1 I a Aui t aii Iy.
Section 3.0� . Banding Rensans F avina Access la Rublic Clapiial Impiiovemenis.
Flncim lime to 1irrlE , It a 8ciaild may dEsignale pensons, in additicin 'la the 9eanelary and
11 a llneasiLInen, having change cit, handling an having access la any records, tun ds all
aacaunts oil any Fltlblic Clapi'lal Impiiovemeni oil 1hE Aulhaniiy, and the liespeclive
amaunis of the official bands of the Secretary and the llreasuner and suah cither
geilsons punsuanil to Seclian 6905.1 o'Ithe Aci.
rleciicin 3.05. LE gal Adviscin. llhe Eloard shall have the power to appoint the IEga I
advison all the Alulhonily who stall perfanm such duties as may be pilescnibed by the
8(iaild.
cleclion 3.06.01heil Employees. The Eloand st all have t1 a pawed by nesolution to
appaini and employ such othen employees, aansultan-Is and independent contnaatoils as
rria51 bE necE s s ary fail the puilq OSE s 01 '1 t is Pig nE errleni .
All cif 1hE piiivileges and imml.Iniiies 111CIm liabilil)l, Exemplion -1rum laws,
ailclinances and Rules, all pension, nelief, disability, wodeus' compensalion and aiheR
bE nEili'ls which apply la the aclivilies al officens, ag enls, cir employees cd a public agency
when performing iheill nE speclive funclions shall apply to the officers, agents all
EmplayE es o1 -It e Autharity icI the same degnee and exten'l while engaged in the
perionmance oil any of ihE 1lunc1lion3 and olhE n duties all such offiaens, agents oil
employees undE n this AIgnE errient.
h one of the cifficeils, agents, cin employees dinE atly employed by It a 8oaild shall
be deemed, by neason o1 it ein emplayrrieni t y the Boand to be erriplayed by -11 e Cli f t oil
SJCI Public Finanaing Authority 4
the Aull only on, by neason of Thein employment by the Boaud, 10 be subjeat to any of the
requinemen-Is of ,Il a Memt eus.
'Eleclion 3.01I.Assistanl Oficens. -fit a Boand may b)l nesolulion appoint sual
assistanls to act in the place ci'I the Seanelaryl cir clthen oflicens of the Au'Ihorily (clthen
ll an any Dineciar), and may by nescduiicin prcivide lion the apnoin,lmenl of additicmal
officeiis crl the Au-lhoni-ly who may on may nai be dineators, as the Board sl all 'from time
la time deem appropriate.
PIRTICLB IV
FIC11 IBRS
Section 4.01. Clenenal Floweiis. 11he Authority stall exeiicise, in tl a manneii
henein pnovided, the powens which ane common to each of the Membens, on as
olherwise peiimitied Linden the Aci, and necessary to the acaamnlishmeni al the
punposes all this Agneemeni, subjecl la the nestniciions sel for h in Seatian z A.
As provided in the Act, the Aulhorily sl all be a put Iia entity sepanate intim the
Memt eus. The Aluihcmily at all t ave the powen la aaquiiie and to finance the acquisiiicin
cif Public Clapi'lal Impncivemenis necessaryl oil convenient lion 'It a opera ion o'I a Member
and to acgtiine Bonds of a Member.
Section 4.02. Rav+ier to Issue Fevenue Bonds. -The Aulhanily shall l ave all cd the
powers pravided in the plcl, including bull noel limited to Article z all the Acl (commencing
will rieciion 0-584), and the powers to issue Bonds It eiieundeii.
Section 4.03. Specillic Powens. The Ault oiiil)l is I eiieby atiihanized, in its awn
name, to do all acts necessar)l 'ion the exencise o'I the 'kinegaing powens, including bul
noel limited lo, any or all cif the lollowing :
(a) 'lo make and enter inla aan'lracils;
(b) to emplay agents cir employees;
(c) la acquine, consluticl, manage, maintain or operaile any
Public Clapiial Impravemenl including the cammon poviers cifl the Membens to
aaquiiie any public Capital Improvement by the pawen cifl eminenl damain;
(d) to sue and be sued in ils own name;
(e) 1ci issue Bonds and crit• erwise is incuii debts, liabilillies au
obligalians, nncivided 'Ital no such Band, debil, liat ilily aii obligalion shall
cons-liltiie a debt, fiat ilil)l oii obligatian of ilhe Membens;
(1) io apply -loo, accept, neceive and disburse grants, Icians and
olhen aids iuom any ag ena)l all It a Uni led Silates cif Amenica on cd the Slate;
(g) la invest an71 money in -Il a Inea3ur5l pursuant iia
Seciian 6505.5 crl the Act wt ich is not requined lion the immediate necessi'lies of
the Aluthonily, as the ALithoniiy de'lenmines is advisable, in the same mannen and
SJCI Public Finanaing Fluthority 5
upon the same condi Iians as local agenaies, punsuani to Seci ion 53901 of 11e
Caliikinnia Clavennmenl Clode;
(h) to app151 fou lefteus of anedit ou other fbum oil ilinancial
guananiees in onden la secune the nepaymeni of Bonds and enlen into agneemenis
in canneation therewith;
(i) la carry) oUi and enflcuiae all It a pncivisicros of this Agreement;
(j) io maM a and enter in is Ban d Purchase �lgueemenis;
(k) 10 pun^_hase Obligatians oil any Memben; and
(1) io exencise any and all olt eii pomiens as mail be provided in
the Ad au in the Bond Law.
Seciian 4.0z. FResiuiciions an 8xercise o'I Powens. llhe powens ail the Aulhauily
shall be exencised in the mannen pnovided in the Act and in the Band Law, and, exaepl
-ion 'It ase pawens sell for h in the Hand Law, stall be subject (in accordanae with
Seclion 5509 oil the flat) to the neslniciians upon the mannen ofl exercising suct poweus
Thai ane imposed upon the Clily in the exencise all similan pawens.
Sectian 4.05. C bligaiions oil Aulhauily. The debts, liabilities and all: ligations o-1 the
Aulhauily shall nai be the debts, liabilities and abliga ons of the Membens.
ARIIICILE
ME71- ODI OF RROCIEDURE; CIR13DIT 10 MEMBERS
Seclian 5.01.plssrimptian of Responsit iliiies by the Aullhoui'Iy. As Baan as
pnacliaable afteu 11he dale oil exeCLilian of this Agneemenl, the Dineatous shall hold the
anganiza-lional meeting oil the Boand. At said meeting the Boand shall pilmiide ion its
negulaii meetings as req uiiied by Section 2.4 and elecl a Clhairman and Vice Clhaiilman,
and appoint the Secretary).
19eciian 5.02. Delegalian of Aowens. llhe Membeiis heneby delegale la the
Autharity the pawen and dLliy 110 acquine, by lease, lease-pUnchase, installmenil sale
agreements, on otherwise, such Public Capital Impnovements as may be necessaryl an
aanvenient for the openalian of any Member.
cleciion 5.03. Cnedil to N embers. All accounts on funds aneated and established
pursuant to any inslrtimeni on agreement to which the Flulhonily is a pary, and any
inienesi eanned ar accuLied lheueon, stall inure io the beneilit of the Memt eus in It e
nespec1 ive puoporticins flan which s uch 'lunds an accounts wene crea, ed.
AR71CILa % I
CION IRISL TION; ACCOUNTS Ah 0 R9RORTI1; FL N DIS
Sec ion 5.0 1. ConinibLiiians, The Membens may in he appnapniale cincumsiance,
when required hereunder: (a) maNe can tnibUtions corm It eiu ineasuries -Ion t e purposes
SKI Put tic Financir g Autt orit)l 9
3 e for t henein, (b) maKE payments cif public funds -Irl defray nne ccls-1 all such nuunases,
(c) male advances cd public funds fon such punposes, suct advances lcl be iiepaid as
pncniicled heaein, au (d) use its persannel, equipment all pnaperiy in lieu cd call eii
canlnibulions on advances. The piiovisians cd E-lecilicin 6513 cltl the Acl ane heneby
incarparaied inicl this Agneement by nellenence.
Hecticln 6.02.Accaunis and Repors. Ta the exleni nclt cavened b)l the dailies
assigned to a Inuslee chasen by Ihe PILilhciniiy, the lneasuiien 31 all esiablist and
mainlain such ilunds and aacaunts as may be nequined by goad accounling pnaatice cin
by any pncivisian all any trust indeniune an tiulst agreement enlened inta with nespeci to
Ile pnaceeds cif any Bands issued by tt e Aulhonily. The backs and records cd It e
Aulharity in It a hands crl a trustee on the Tneasuren shall be ripen to inspeclion a1 all
neasonable limes by nepnesenlalives all the Membens. The lneasuiien, within 'ISO days
after -It a clase cd eaah Fiscal Year, st all give a aomnlei e wniten nepar cif all linancial
activities fon such fiscal Yean lci Ihe N embers lci 'It a exlenl such activities ane nail
caveiied by 'It a nepari all such lnustee. The lnustee appainllecl unden any inusi indenluue
cin luusl agueemenl shall eslablist suitable funds, 'lunnist financial repcirls and pnclvide
suitable accounling pnaceduues 11ci caurA out the pnavisicins crl said Inus'I indenluue clrinust
agueemenl. %"--laic) tiulslee may be given such duties in said tnusl indenture cir luust
agneemeni as ma}I be desirable to caorl ou'I this Agueemen'I.
cleciicln 6.03. Funds. "---Icibjecl icl the applicable piicivisians crl anal inslnumenls cin
agneemeni wt ich -It a Ault aiiil)l mail enlen inta, wt ich may pncivide skin a tnuslee Ici
neceive, have cLlsicld)l cil and disburse Plufficinily funds, the Tneasuren crl 'Ihe Pluthcnity
stall neceive, have cuslady rill and disburse Auihciniiy llunds as nearl)l as passible in
accaiidance with geneiially acaepled accaunting practices, and shall male the
disbursements negriined by Ihis Agiieemenl on to carrA cult any cif the pncvisiclns cin
g ung ases all -It is Agneemeni.
Seclicin 6.04.Plnnual Budgell and Adminislnathie Expenses. me aaand stall
adant a bLidgel Tofu administiiative expenses, which shall include all expenses not
included in any -linancing issue oil 11 e Authority, annually pnicni lci July *Ist o1 each yean.
The eslimaled annual administna-live expenses cd the Plulhcinily shall be allocated by the
Authcinily ici the Membens equally.
PIRTICLB VII
'PERM
Seclicin 7.01.1111lelm. 'this Agreemenl stall become effective, and It a Auihciniiy
shall came inlci existence, cin the date henecif, and Ihis Plgaeemenl and Ihe Auihciniiy
shall theneafter continue in ilull farce and eflect so Icing as eithen (a) any Bands remain
aulstanding, an (b) the Auihonily shall ciwn cin hold any inlenest in a Flublic Clapiial
I mp novemeni.
Seclion 7.02. Dispositicin cd Plsseis. Upon lenminaticin cif this Plgneement, all
piiciperly cit It a Pluthanily, ball real and pensclnal, sl all be divided amang the Membens
in suah manner as shall be agneed upcin by Ihe N embeus.
SJCI Pit lic Fir a ncii 9 Pluthorit}i 7
ARTICLE Vlll
MIE CISLUAN BOL 5 RROVISION 5
Seclion 8.01. Notiaes. h otice: t eaeunclea st all be in waiting and ; hall be
sufficient H delivered to:
Can i; Nano Valley Waten Disiilict
32400 Flaseo Pldelanto
an Juan Clapistnano, CA 97679
an duan Clapislnano Community Redevelcipmeni Agency
32400 Flaseci Adelanla
an Juan Clapis-lrano, CA 92675
City cif cE an Juan Cla pislranci
32� 00 Fla; eci Adeianlo
an Juan Clapis'lranci, CA 92675
eciicin 8.02. eclian Heading;. All seciian headings in this Agneement ane lan
convenience of reilenena a only and ane nat to be cansirued a- modilfying cm gavenning
It a language in It e : eclian nefeared to cin to deline as limit If e - aape o'I any pnovisicin cif
It is Agneement.
eciicin 8.03. Clanseni. Wheneven in Ihis Agreemenl any cansent cin approval is
requined, the same shall nal be uniieasanablywilt held.
eciicin 8.04. Law Gaveaninc. Tt is Agneement is made in the State undeii the
consiilcition and laws cif the E late, and is to t e sci canslnued.
:eciicin 8.05.PImendmenis. Itis Agneement may be amended ai any lime, cin
fncim time la lime, excepl as limited by canlnacl with the awnens al Bands issued by .Ihe
Authanily oil certilicates of participalian in payment; -la t e made by the Ault aril)l an a
Memben cin by apnliaable negulations cin laws a] any juiisdiatian having aulhcinily, t y cine
oil mane supplemenlal agreemen-Is e)iecu-led by bath al the par ies la this Agneement
eithen a- nequiiied in oiidea Io canry ciui any cil the provisions all Ihis Agiieemen-1 on fon any
oihen purpose, including, wiihou'l limiiatian, addition crl new parties (inaluding any leglal
en'lities cin taxing anew; henelolore cin heneafler caeaie(l) in punsuance al It a puaposes al
this Agreemen I.
Seclicin 8.06.9nikincemenl t v pluthanity. llhe Auihciniiy is heneb)l aulhaiiized is
take any or all leglal or equilable actions, inakiding, but not limited to, injunction and
speci-lic perfarmanae, necessary cin penmilted by law to enfaiiae this Agneement.
Sect ion 8.07. E evenabili-IN . . hauld any pa r, ienm or provision cif i his Agreement
be decided by any ccuir all aamneient junisdiciicin ici be illegal an in canllici with any law
al the Siale, an alt erwise t e nendered unenlfonceable or inefleclual, the validity cit the
nemaining paoicins cir provisions ; hall nal be affected ihenet y.
S.10 PUNia Min ancing AL tI arity
r-leciian 8.08. r-hiccessais. This Agreement shall be binding upon and shall inure
la Il a benelii cif -Ihe successans cil it a Members, respeclively. N a N ember may assign
Ei ny righ'l of obligation l ereundeii will oul the wniiten canaen-1 all -Il a all ei membens.
IN WITN9.I9 WF 9RBOR, the par ies heiieto have caused I is Agneemenl -la be
executed a nd abeated by iheii pnapeii ciflicena iheleLinia duly auihonized and Thein afficia I
seals to be henelo Olixed, on the day and yean set apposite the name cil each a-1 the
par ies.
CITY OR EIPIN A PIN CIAPISIIRANO
Date:
AIITE,III: %]
!� c
M g et R. Manahan, Clily Clerk
Diane :. !t
SAN JUAN C�IRISTRAN CI COMMUN 171 RBDEVOLOF1ME PIGBN CY
Dale:
C ere Ca Abell, Cl[ airman
AIIIlEEIR
1 C
M r aret R. N anal -an, Elecreiary
CAPISW ANO VALI_BY WAIIBR 1119TRICII
Dale: I ;z rJ 2i
ATTBHII:
� IC.
R. Manahan, Clenk of the Bcimid
as is Ranm:
John $haw, Clil}I /Itiarney
S, K] PLOW Hinancing At arity