RES 94044 - Laserfiche WebLink

INSTALLMENT PURCHASE CONTRACT This INSTALLMENT PURCHASE CONTRACT, made and entered into as of May 1, 1994 (the "Installment Purchase Contract"), by and between the CITY OF PLEASANTON, a municipal corporation and general law city duly organized and validly existing under and by virtue of the laws of the State of California (the "City"), and the PLEASANTON JOINT POWERS FINANCING AUTHORITY, a joint powers authority , duly organized and existing under and by virtue of the laws of California (the "Authority"); WITNESSETH: WHEREAS, the City is authorized by the laws of the State of California to acquire certain water facilities (the "Project") for the purposes of financing and refinancing the construction of such facilities; and WHEREAS, the City has determined that it is in the best interests of the City and its citizens, and is necessary. and proper for City purposes, that the City acquire from the Authority in the manner described herein the Project for the purposes of refinancing the Project as described herein, and that the City pay the Authority for the costs of acquiring the Project in the manner described herein; and WHEREAS; all acts, conditions and things required by law to exist, to have happened and to have been performed precedent to and in connection with the execution and entering into of this Installment Purchase Contract do exist, have happened and have been performed in regular and due time, form and manner as required by law, and the parties hereto are now duly authorized to execute and enter into this Installment Purchase Contract; NOW, THEREFORE, IN CONSIDERATION OF THE PROMISES AND OF THE MUTUAL AGREEMENTS AND COVENANTS CONTAINED HEREIN AND FOR OTHER VALUABLE CONSIDERATION, THE PARTIES HERETO DO HEREBY AGREE AS FOLLOWS: ARTICLE I DEFINITIONS Section 1.01. Definitions. Unless the context otherwise requires, the terms defined in this Section 1.01 shall for all purposes hereof, and of any amendment hereof, and of any opinion or report or 1 9406701W.LA I