21 ATTACHMENT 3 - Laserfiche WebLink

ii Capital Improvement Program............. 71 Insurance ............................................. 71 Employees ........................................... 71 PLANNED DEVELOPMENT IN THE LAVWMA SERVICE AREA ................. 71 CONSTITUTIONAL LIMITATIONS ON APPROPRIATIONS AND CHARGES . 73 Article XIIIB .......................................... 73 Articles XIIIC and XIIID of the California Constitution ...................................... 74 Future Initiatives .................................. 77 RISK FACTORS ..................................... 77 General ................................................ 77 Demand and Usage ............................ 78 Expenses ............................................. 78 Earthquakes, Floods and Other Natural Disasters .......................................... 78 Permits and Regulation ........................82 Abatement ............................................82 Dependence of Connection Fee Revenue on Development ................82 Investment of Funds .............................84 Limitations on Remedies and Bankruptcy .........................................................84 No Debt Service Reserve Fund ...........84 Parity Bonds .........................................84 NO LITIGATION ...................................... 85 TAX MATTERS ....................................... 87 APPROVAL OF LEGALITY ..................... 88 RATING ................................................... 89 UNDERWRITING .................................... 89 MISCELLANEOUS .................................. 90 APPENDIX A: AUDITED FINANCIAL STATEMENTS OF LAVWMA AND DSRSD; EXCERPTS OF AUDITED FINANCIAL STATEMENTS OF LIVERMORE AND PLEASANTON APPENDIX B: DEMOGRAPHIC INFORMATION ON THE SERVICE AREA OF THE MEMBERS APPENDIX C: BOOK-ENTRY SYSTEM APPENDIX D: SUMMARY OF CERTAIN PROVISIONS OF THE PRINCIPAL LEGAL DOCUMENTS APPENDIX E: PROPOSED FORMS OF CONTINUING DISCLOSURE CERTIFICATES APPENDIX F: PROPOSED FORM OF OPINION OF BOND COUNSEL