AGENDA REPORTS - Laserfiche WebLink

Name of Recipient Agreement No.: XX-XXX-550 Project No.: C-06-XXXX-XXX This Installment Sale Agreement, including all exhibits and attachments hereto, (Agreement) is dated as of the date set forth on the first page of this Agreement, by and between the State Water Resources Control Board, an administrative and regulatory agency of the State of California (State Water Board), and the local government entity identified on the first page of this Agreement, duly organized and existing under the laws of the State of California (Recipient): WITNESSETH: WHEREAS the United States of America, pursuant to Title VI of the federal Water Pollution Control Act as such has been and may be amended from time to time(Clean Water Act), requires each State to establish a water pollution control revolving fund to be administered byan instrumentality of the State as a condition to receipt of capitalization grants under the Clean WaterActi,and WHEREAS the State of California (State) has established a Clean Water State Revolving Fund (CWSRF) pursuant to Chapter 6.5 of Division 7 of the California WaterCode(State Act)to be used for purposes of the Clean Water Act; and / WHEREAS the State Water Board is the state agency authorized to administer the CWSRF and provide financial assistance from the CWSRF to recipients/for sthe construction of eligible'projects, as provided in the State Act; and �\ WHEREAS the State Water Board determines eligibility for GO/Bond.Proceeds, determihes eligibility for financial assistance from the CWSRF, pursuant to the Clean WaterAct and the State Act determines a reasonable schedule for financing and cpnstructionof such projects, determines compliance with the Clean Water Act, and establishes the ternis`andconditions of ail l applicable financing agreement; and vV N WHEREAS the Recipient has applied to the State Water.Beard for finnancial assistance from the CWSRF, for the purpose of financing or refinancing the Project described below, and*the State Water Board has reviewed and approved said application; and WHEREAS the Recipienthas,or will ncur costs incurred in connection with the planning, design, acquisition, construction, and iihstallation'ofthe Project described in Exhibit A and Exhibit A-FBA hereto; and �1 WHEREAS,on the basis of the Recipients application and the representations and warranties set forth herein,`the State Water Board proposes tb assist in financing the costs of the Project, and the Recipient desires toiparticipate as a recipient of financial assistance from the CWSRF and evidence its obligation to pay Installment Payments, which obligation wilfbe secured by Net Revenues, as defined herein, upon the terms and conditions set forth in this'Agreement, all pursuant to the Clean Water Act and the State Act; NOW, THEREFORE;.in•considerationiof the premises and of the mutual representations, covenants and agreements herein set forth„the State Water Board and the Recipient, each binding itself, its successors and assigns, do mutually promise, covenant and agree as follows: ARTICLE I DEFINITIONS 1.1 Definitions. Unless otherwise specified, each capitalized term used in this Agreement(including the Exhibits hereto) has the following meaning: "Additional Payments" means the Additional Payments described in Section 3.2(c) of this Agreement. 1