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02
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2021
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051821
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02
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5/12/2021 9:43:40 AM
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5/12/2021 9:43:31 AM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
5/18/2021
DESTRUCT DATE
15Y
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• <br /> - 5 <br /> 13. SUSPENSION AND TERMINATION <br /> Neither the CITIES nor the COUNTY shall be able to terminate obligations <br /> contained in this agreement prior to the retirement of the full debt, except as <br /> provided for in Section 2 above. In accordance with the conditions set out in <br /> Section 2, any participating entity may terminate its participation in this <br /> agreement, with or without cause, by providing six (6) months notice, in writing <br /> by January 1, to the other participating entities. For purposes of determining the <br /> withdrawing entity's payment obligations and equity interest, withdrawal shall <br /> be effective six (6) months from the date written notice is provided to the other <br /> participating entities. Payment of the withdrawing entity's equity interest will be <br /> made by the participating entity buying out the withdrawing entity in the first <br /> quarter of the following fiscal year. <br />
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