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Res 95-101RESOLUTION NO. 95-101 A RESOLUTION OF THE CITY OF POWAY, CALIFORNIA APPROVING, AUTHORIZING AND DIRECTING EXECUTION OF AN AMENDED AND RESTATED JOINT EXERCISE OF POWERS AGREEMENT WHEREAS, the City has expressed an interest in participating in an economic development financing program in conjunction with the parties to that certain Joint Exercise of Powers Agreement Between Certain Counties in California Creating the California Counties Industrial Development Authority, dated as of November 18, 1987 (the "Original Agreement"); and WHEREAS, due to broadened sponsorship for the programs (the "Programs") to be undertaken pursuant to the Original Agreement, it has been determined to amend and restate the Original Agreement pursuant to that certain Amended and Restated Joint Exercise of Powers Agreement Relating to the California Statewide Communities Development Authority, dated as of June 1, 1988 (the "Amended Agreement") to, inter alia, change the name of the authority established pursuant to Original Agreement and to modify the governance thereof; and WHEREAS, there is now before this City Council the form of the Amended Agreement; and WHEREAS, the City proposes to participate in the Programs and desires that certain projects to be located within the City be financed pursuant to the Programs and it is in the public interest and for the public benefit that the City do so; and WHEREAS, the Amended Agreement has been filed with the City and the members of the City Council, with the aid of its staff, have reviewed said document. NOW, THEREFORE, the City of Poway does hereby resolve as follows: Section 1. The Amended Agreement is hereby approved (Exhibit A) and the Mayor is hereby authorized and directed to execute said document, and the City Clerk or Deputy City Clerk is hereby authorized and directed to affix the City's seal to said document and to attest thereto. Section 2. The Mayor, City Manager, the City Clerk and all other proper officers and officials of the City are hereby authorized and directed to execute such other agreements, documents and certificates, and to perform such other acts and deeds, as may be necessary or convenient to effect the purposes of this Resolution and the transactions herein authorized. PASSED, ADOPTED AND APPROVED by the City Council o!~ the City of Poway, California at a regular meeting thereof this 5th day of September, 1995. on lgglnson,-~m~_~r ATTEST: Marjorie~K. Wahlsten, City Clerk Resolution No. 95-101 Page 2 STATE OF CALIFORNIA ) ) SSo COUNTY OF SAN DIEGO ) I, Harjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify that the foregoing Resolution No. 95-101 was duly adopted by the City Council at a meeting of said Council on the 5th day of September, 1995, and that it was so adopted by the following vote: AYES: CAFAGNA, EMERY, REXFORD, HIGGINSON NOES: NONE ABSTAIN: NONE ABSENT: CALLERY Marjoriel(. Wahlsten, City Clerk c: \data\agenda\i db. res EXHIBIT "A" Resolution No. 95-101 Page 3 AMENDED AND RESTATED JOINT EXERCISE OF POWERS AGREEMENT RELATING TO THE CALIFORNIA STATE'WIDE COMMUNITIES DEVELOPMENT AUTHORITY THIS AGREEMENT, dated as of June 1, 1988, by and among the parties executing this Agreement (all such parties, except those which have withdrawn in accordance with Section 13 hereof, being herein referred to as the "Program- Participants'): WiTNESSETH WHEREAS, pursuant to Title 1, Division 7, Chapter 5 of the Government Code of the State of California (the "Joint EXercise of Powers Act"), two or more public agencies may by agreement jointly exercise any power common to the contracting parties; and WHEREAS, each of the Program Participants is a "public agency" as that term is defined in Section 6500 of the Government Code of the State of California, and WHEREAS, each of the Program Participants is empowered to promote economic development, including, without limitation, the promotion of opportunities for the creation or retention of employment, the stimulation of economic activity, and the increase of the tax base, within its boundaries; and WHEREAS, a public entity established pursuant to the Joint Exercise of Powers Act is empowered to issue industrial development bonds pursuant to the California Industrial Development Financing Act (Title 10 (commencing With Section 91500 of the G~gernment Code of the State of California)) (the "Act") and to otherwise undertake financing programs under the Joint Exercise of Powers Act or other applicable provisions of law to promote economic development through the issuance of bonds, notes, or other evidences of indebtedness, or certificates of participation in leases or other agreements (all such instruments being herein collectively referred to as 'Bonds"); and WHEREAS, in order to promote economic development within the State of California, the County Supervisors Association of California ('CSAC"), together with the California Manufacturers Association, has established the Bonds for Industry program (the "Program"). Resolution No. 95-101 Page 4 WI-IE~£AS, in furtherance of the Program, certain California counties (collectively, the 'Initial Participants') have entered into that certain Joint Exercise of Powers Agreement dated as of November 18, 1987 (the "Initial Agreement'), pursuant to which the California Counties Industrial Development Authority has been established as a separate entity under the Joint Exercise of Powers Act for the purposes and with the powers specified in the Initial Agreement; and WHEREAS, the League of California Cities ("LCC") has determined '~o join as a sponsor of the Program and to actively partic.pate in the administration of the Authorityf and ' WHF_~E~%S, the Initial Participants have determined to specifically authorize the Authority to issue Bonds pursuant to Article 2 of the Joint Exercise of Powers Act ("Article 2") ~nd Article 4 of the Joint Exercise of Powers Act ("Article 4'), as well as may be authorized by the Act or other applicable law; and WH£REAS, the Initial Participants desire to rename the California Counties Industrial Development Authority to better reflect the additional sponsorship of the Program; and WHEREAS, each of the Initial Participants has determined that it is in the public interest of the citizens within its boundaries, and to the benefit of such Initial Participant and the area and persons served by such Initial Participant, to amend and restate in its entirety the Initial Agreement in order to implement the provisions set forth above; and WHERMAS, it is t~.desire of the Program Participants to use a public entity established pursuant to the Joint Exercise of Powers Act to undertake projects within their respective jurisdictions that may be financed with Bonds issued pursuant to the Act, Article 2, Article 4, or other applicable provisions of !aw;'and W~EREA$, the projects undertaken will result in significant public benefits, including those public benefits set forth in Section 91502.1 of the Act, an increased level of economic activity, or an increased tax base, and will therefore serve and be of benefi~ to the inhabitants of the jurisdictions of the Program ParticipantS; NOW, THM~SFO~5, the Program Participants, for and in cons~dermtion of the mutual promises and agreements herein contained, do agree to amend and restate the Initial Agreement in its entirety to provide as follows: 379h5 Resolution No. 95-101 Page 5 Sec~ i on I . Pu_rpose. This Agreement is made pursuant to the provisions of the Joint Exercise of Powers Act, relating to the joint exercise of powers common to public agencies, in this case being the Program Participants. The Program Participants each possess the powers referred to in the recitals hereof. The purpose of this Agreement is to establish an agency for, and with the purpose of, issuing Bonds to finance projects within the territorial limits of the Program Participants pursuant to the Act, Article 2, Article 4., or other applicable provisions of law; provided, however that nothing in this Agreement shall be construed as a limitation on the rights of the Program Participants to pursue economic development outside of'this Agreement, including the rights so issue Bonds through industrial development authorities under the Act, or as otherwise permitted by law. Within the various jurisdictions of the Program Participants such purpose will be accomplished and said powers exercised in ~he manner hereinafter set forth. Section 2. Term. This Agreement shall become effective in accordance with Section 18 as of the date hereof and shall continue in full force and effect for a period of forty (40) years from the date hereof, or until such time as it is terminated in writing by all the Program Participants; provided, however, that this Agreement shall not terminate or be terminated until the date on which all Bonds or other indebtedness issued or caused to be issued by the Authority shall have been retired, or full pr~vision shall have been made for their retirement, including ~nterest until their retirement date. 'Section 3. Authority. A. CREATION AND POWERS OF AUTHORITY. (1) P~rsuant to the Joint Exercise of Po~ers Act, there is hereby c~eated a public entity to be known os the "California Statewide Communities DeveloPment Authority" (the "Authority'), and said Authority shall be a public entity separate an~ apart from the Program Participants. Its debts, liabilities and obligations do not constitute debts, liabilities or obligations of any party to this Agreement. B COMMISSION. I The Authority shall be administered by a Commission (the "Commission") which shall consist of ~even members, each 3 379h5 Resolution No. 95- 101 Page 6 serving in his or her individual capacity as a member of the Commission. The Commission shall be the administering agency of this Agreement, and, as such, shall be vested with the powers set forth herein, and shall execute and administer this Agreement in accordance with the purposes and functions provided herein. Four members of the Commission shall be appointed by the governing body of CSAC and three members of the Commission shall be appointed by the governing body of LCC. Initial members of the Commission sha.ll serve a term ending"June 1, 1991. Successors to such members shall be selected in the manner in which the respective initial member was selected and shall serve a term of three years. Any appointment to'fill an unexpired term, however, shall be for such unexpired term. The term of office specified above shall be applicable unless the term of office of the respective member is terminated as hereinafter provided, and provided that the term of any member shall not expire until a successor thereto has been appointed as provided herein. Each of CSAC and LCC may appoint an alternate member of the Commission for each member of the Commission which it appoints. Such alternate member may act as a member of the Commission in place of and during the absence or disability of such regularly appointed member. All references in this Agreement to any member of the Commission shall be deemed to refer ~o and include the applicable alternate member when so acting/in place of a regularly appointed member. Each member or alternate member of the Commission may be removed and replaced at any time by the governing body by which such member was appointed. Any individual, including any member of the governing body or staff of CSAC or LCC, shall be eligible to serve-as a member or alternate member of the Commission. Members and alternate members of the Commission shall not receive any compensation for serving as such but shall be entitled to reimbursement for any expenses actually incurred in connection with serving as a member or alternate member, if the Commission shall determine that such expenses shall be reimbursed and there are unencumbered funds available - for such purpose. C. OFFICERS; DUTIES: OFFICIAL BONDS. The Commission shall elect a Chair, a Vice-Chair, and a Secretary of the Authority from among its members to serve for such term as shall be determined by the Commission. The Commission shall appoint one or more of its officers or 379h5 Resolution No. 95- 101 Page 7 employees to serve as treasurer, auditor, and controller of the Authority (the "Treasurer') pursuant to Section 6505.6 of the Joint Exercise of Powers Act to serve for such term as shall be determined by the Commission. Subject to the applicable provisions of any resolution, indenture or other.instrument or proceeding authorizing or securing Bonds (each such resolution, indenture, instrument and proceeding being herein referred to as an "Indenture") providing for a trustee or other .fiscal agent, the Treasurer is desiggated as the depositary of the Authority to have custody of all money of the Authority, from whatever source derived. # The Treasurer of the Authority shall have the powers, duties and responsibilities specified in Section 6505.5 of the Joint Exercise of Powers Act. The Treasurer of the Authority is designated as the public officer or person who has charge of, handles, or has access to any property of the Authority, and such officer shall file an official bond with the Secretary of the Authority in the amount specified by resolution of the Commission but in no event less than $1,000. If and to the extent permitted by law, any such officer may satisfy this requirement by filing an official bond in at least said amount obtained in connection with another public office. The Commission shall have the power to appoint such other officers and employees as it may deem necessary and to retain independent counsel, consultants and accountants. The Commission shall have the power, by resolution, to the extent permitted by the Joint Exercise of Powers Act or any other applicable law, to. delegate any of its functions to one or more of the members of the Commission or officers or agents of the Authority and to cause any of said members, officers or agents to take any actions and execute any documents or instruments for and in the name ~nd on behalf of the Commission or the Authority. D. MEETINGS OF THE COMMISSION. (1) Regular Meetinqs. The Commission shall provide for its regular meetings; provided, however, it shall hold at least one r~gular meeting each year. The date, hour and place of the h~lding of the regular meetings shall be:fixed by resolution o~! the Commission and a copy of such resolution shall be filed with each party hereto. 5 379h5 Resolution No. 95- 101 Page 8 (2) Special Meetinqs. Special meetings of the Commission may be called in accordance with the provisions of Section 54956 of the Government Code of the State of California. (3) Ralph M. Brown Act. Ail meetings of the Commission, including, without limitation, regular, adjourned regular, special, and adjourned special meetings shall be called, noticed, held and..conducted in accordance with the provisions of the Ralph M. Brown Act (commencing with Section 54950 of the Government Code of the State of California). (4) Minutes. The Secretary of the Authority shall cause to be kept minutes of the regular, adjourned regular, special, and ad-' SO( mi[ in~ ~r; ¢o~ th, ourned special meetings of the Commission and shall, as ,n as possible after each meeting, cause a copy of the ~utes to be forwarded to each member of the Commission. (S) Quorum. A majority of the members of the Commission which :ludes at least one member appointed by the governing body each of CSAC and LCC shall constitute a quorum for the ~nsaction of business. No action may be taken by the Mission except upon the affirmative vote of a majority of ~ members of the Commission which includes at least one abet appointed by the governing body of each of CSAC and ~, except that less than a quorum may adjourn a meeting to ,tiler time;and place. E.! RULES AND REGULATIONS. The Authority may adopt, from time to time, by ;olution of the Commission such rules and regulations for conduct of its meetings and affairs as may be required. Section 4. Powers. Thie Authority shall have any and all powers relating economic ~development authorized by law to each of the tries hereto and separately to the public entity herein eated, including, without limitation, the promotion of )ortunitigs for the creation and retention of employment, ~ stimulation of economic activity, and the increase of the tax base, w~thin the jurisdictions,of such parties. Such powers shall include the co,non powers specified in this 379h5 Resolution No. 95- 101 Page 9 Agreement and may be exercised in the manner and according to the method provided in this Agreement. All such powers common to the parties are specified as powers of the Authority. The Authority is hereby authorized to do all acts necessary for the exercise of such powers, including, but not limited to, any or all of the following: to make and enter into contracts; to employ agents and employees; to acquire, construct, provide for maintenance and operation of, or. maintain and operate, any buildings, works or improvements; to acquire, hold or dispose of property wherever located; to incur debts, liabilities or obligations; to receive..gifts, contributions and donations of property, funds, services and other forms of assistance from persons, firms, corporations and any governmental entity; to sue and be sued in its,own name; and generally to do any and all things necessary or convenient to the promotion of economic development, including without limitation the promotion of opportunities for the creation or retention of employment, the stimulation of economic activity, and the increase of the tax base, all as herein contemplated. Without limiting the generality of the foregoing, the Authority may issue or cause to be issued bonded and other indebtedness, and pledge any property or revenues as security to the extent permitted under the Joint Exercise of Powers Act, including Article 2 and Article 4, the Act or any other applicable provision of'law. The manner in which the Authority shall exercise its ~owers and perform its duties is and shall be subject to the ~estrictions upon the manner in which a California county :ould exercise such powers and-perform sqch duties until a ~alifornia general law city shall become]a Program >articipant, at which time it shall be sqb!ect to the :estrictions upon the manner in which a ~a~ifornia general law :ity could exercise such powers and perf~rm such duties. The in which the Authority shall exer~:ise its powers and iform its d~ties shall no~'be Subjectt licable to the manner in which any ot] ~ld exercis~ such powers or pe£form su~ :h agency is a party to this A~reement Sec For :~r' shall me by the period ;t for tion 5. Fiscal Yea?. the purposes of th~s Agreel ean the fiscal yeari as esta uthority, being, ati!the dat om July 1 to and i~¢iuding e first Fiscal Year! which s the dat~ of this Agreement ito June 379h5 ~o any restrictions ~er public agency :h duties, whether or not. nent, the term 'Fiscal Dlished from time to =_ of this Agreement~ the following June 30, hall be the period 30, !988. Resolution No. 95- 101 Page 10 Section 6. Disposition of Assets. At the end of the term hereof or upon the earlier termination of this Agreement as set forth in Section 2 hereof, after payment of all expenses and liabilities of the Authority, all property of the Authority both real and personal shall automatically vest in the Program Participants and shall thereafter remain the sole property of the Program Participants; provided, however, that any surplus money on hand shall be returned in proportion to the contributions made by the Program Participants. " Section 7. Bonds. The Authority shell issue Bonds for the purpose of exercising its powers and raising the funds necessary to carry out its purposes under this Agreement. Said Bonds may, at the discretion of Authority, be issued in series. The services of bond counsel, financing consultants and other consultants and advisors working on the projects and/or their financing shall be used by the Authority. The fees and expenses of such counsel, consultants, advisors, and the expenses of CSAC, LCC, and the Commission shall be paid from the proceeds of the Bonds or any other unencumbered funds of the Authority available for such purpose. Section 8. Bonds Only Limited and Special Obligations of Authority. The Bonds, together with ~he interest and premium, if any, thereon, shall not be deemed to constitute a debt of any Program Participant, CSAC, or LCC or pledge of the faith and credit of the Program Participants, CSAC, LCC, or the uthority. The Bonds shall_be only special obligations of the uthority, and the AuthoritY'shall under no circumstances be bligated to pay the Bonds or the respective project costs e~cept from revenues and other funds pledge~ therefor. Neither the Program Participants, CSAC, LCC~ nor the Authority Shall be obligated to pay the principal Of,~premium, if any, o9 interest on the Bonds, or other costsiin~idental thereto, except from the revenues and funds pledged ~herefor, and n~ither the faith and credit nor the taxing power of the · P~ogram Participants nor the faith and cred.t of CSAC, LCC, or the Authority shall be pledged to the payment of the principal o~, premium, if any, or interestl on the Bonts nor shall the P~ogram Participants, CSAC, LCC,i or the Authority in any manner be obligated to make any appropriSti)n for such payment. No covenant or a§reement containe in any Bond or Indenture shall be deemed to be a covenant )r agreement of any 8 379h5 Resolution No. 95- 101 Page 11 member of the Commission, or any officer, agent or employee of the Authority in his individual capacity and neither the Commission of the Authority nor any officer thereof executing the Bonds shall be liable personally on any Bond or be subject to any personal liability or accountability by reason of the issuance of any Bonds. Section 9. Local Approval. A copy of the application for financing of a project shall be filed by the Authority with the Program Par. ticipant in whose jurisdiction the pro~ect is to be located. The Authority shall not issue Bonds with respect to any project unless the governing body of the Program Participant in. whose jurisdiction the project is to be located, or its duly authorized designee, shall approve, conditionally or unconditionally, the project, including the issuance of Bonds therefor. Action to approve or disapprove a project shall be taken within 45 days of the filing with the Program Participant. Certification of approval or disapproval shall be made by the clerk of the governing body of the Program Participant, or by such other officer as may be designated by the applicable Program Participant, to the Authority. Section 10. Accounts and Reports. Ail funds of the Authority shall be strictly accounted for. The Authority shall establish and maintain Such funds and accounts as may be required by good accounting practice and by any provision of any Indenture (to the extent such duties are not assigned to a trustee of Bonds). The books and records of the Authority shall be open to inspection at all reasonable times by each Program Participant. The Treasurer of the Authority shall cause an independent audit to be ma6~' of the books of accounts and financial records of the Agency by a certified public iaccountant or public accountant in compliance ~ith the ~rovisions of Section 6505 of the Joint Exe~cioe of Powers ct. In each case the minimum requirements~of the audit shall ibe those prescribed by the State Controller/for special idistricts under Section 26909 of the Government Code of the iState of California and shall conform to generally accepted iamditing standards. When such an audit of accounts and !records is made by a certified public accountant or public ia~countant, a report thereof shall be filed, as public records iwlth each Program Participant and also with the county auditor io~ each county in which a Program Participant is located. !SUch report shall be filed within 12 months of the end of the !Fiscal Year or Years under examination. 379h5 Resolution No. 95-101 Page 12 Any costs of the audit, including contracts with, or employment of. certified public accountants or public accountants in making an audit pursuant to this.Section, shall be borne by the Authority and shall be a charge against any unencumbered funds of the Authority available for that purpose. In any Fiscal Year the Commission may, by resolution adopted by unanimous vote, replace the annual special audit with an audit covering a two-year period. The Treasurer of the Authority, within 12~ days after the close of each Fiscal Year, shall give a complete written report of all financial activities for such Fiscal Year to each of the Program Participants to the extent°such activities are not covered by the reports of the trustees for the Bonds. The trustee appointed under each Indenture shall establish suitable funds, furnish financial reports and provide suitable accounting procedures to carry out the provisions of said Indenture. Said trustee may be given such duties in said indenture as may be desirable to carry out this ggreement. Section 11. Funds. Subject to the applicable provisions of each Indenture, which may provide for a trustee to receive, have ~ustody of and disburse Authority funds, the Treasurer of the ~uthority shall receive, have the custody of and disburse funds pursuant to the accounting procedures ~eveloped under Section !0 hereof, and shall make the .sbursemen~s required by this Agreement or otherwise ~cessary t9 carry out any of the provisions or purposes of ~is Agreement. S~ction 12. Noti-ces. NOtices and other communications hereunder to the 'ogram Participants shall be sufficient if delivered to the erk of the governing body of each Program Participant. Section 13. Withdrawal and Addition of Parties. A Program Participant may withdraw from this reement upon written notice to the Commission; provided, · that no such withdrawal.shall result in the .ssolution of the Authority so long as any Bonds remain ~tstanding under an Indenture. Any such withdrawal shall be ire only upon receipt of the notice of withdrawal by the sion which shall acknowledge receipt of such notice of ithdrawal in writing and shall file such notice as an ~mendment to this Agreement effective upon such filing. 10 Resolution No. 95- 101 Page 13 Qualifying public agencies may be added as parties to this Agreement and become Program Participants upon: the filing by such public agency of an executed counterpart of this Agreement, together with a certified copy of the resolution of the governing body of such public agency approving this Agreement and the execution and delivery hereof; and (ii) adoption of a resolution of the Commission approving the addition of such public agency as a Program Participant. Upon satisfaction of such conditions, the Commission shall file such executed counterpart of this Agreement as an amendment hereto, effective upon sudh filing. Section 14. Indemnification. To the full extent permitted by law, the Commission may authorize indemnification by the Authority of any person who is or was a member or alternate member of the Commission, or an officer, employee or other agent of the Authority, and who was or is a party or is threatened to be made a party to a proceeding by reason of the fact that such person is or was such a member or alternate member of the Commission, or an officer, employee or other agent of the Authority, against expenses, judgments, fines, settlements and other amounts actually and reasonably incurred in connection with such proceeding, if such person acted in good faith and in a manner such person reasonably believed to be in the best interests of the Authority and, in the case of a Criminal proceeding, had no reasonable cause to believe the conduct of such person was unlawful and, in the case of an action by or'in the right of the kuthority, acted with such care,~ including reasonable inquiry, as an ordinarily prudent person in a like position would use under similar circumstances. Section 15. Contributions and Advances. Contributions or advances of public funds and of the use of persionnel, equipment or property may be made to the Authority by the parties hereto for any of the purposes of this Agreement. Payment of public funds may be made to defray the cost of any such contribution. Any such advance may be made subject to repayment, and in such case shall be repaid, in the manner agreed upon by the Authority and the party making such advance at the time of such advance. Section 16. Immunities. liabilitie: pension, benefits wi employees ~11 of the privileges and immunities from ;, exemptions from laws, ordinances and rules, all ~lief, disability, workers' compensation, and other ~ich apply to the activity of officers, agents or )f Program Participants when performing their 379h5 I1 Resolution No. 95-101 Page 14 respective functions within the territorial limits of their respective public agencies, shall apply to them to the same degree and extent while engaged as members of the Commission or otherwise as an officer, agent or other representative of the Authority or while engaged in the performance of any of their functions or duties extraterritorially under the provisions of this Agreement. Section 17. Amendments. Except as provided in Section 13 above, this Agreement shall not be amended, modified, or altered except by a written instrument duly executed by each of the Program Participants. Section 18. Effectiveness. This Agreement shall become effective and be in full force and e~fect and a legal, valid and binding obligation of each of the iProgram Participants at 9:00 a.m., California time, on the date that the Commission shall have received from each of the iInitial Participants an executed counterpart of this Agreement, together with a certified copy of a resolution of the governing body of each such Initial Participant approving t~is: Agreement and the execution and delivery hereof. S~ction 19. Partial Invalidity. ] I! any one or more of the terms, provisions, promises, c~venants or conditions of this Agreement shall to any e:~[ent ~e adjudged invalid, unenforceable, void o~ voi~a])le fo~ any reason whatsoever b~ a court of competent ju~is~iict[oa, each an~ all o~ t~e remaining terms, provisions, promi:~es, c~venants and conditions of this Agreement shall not be af~cte~ithereby, and shall be valid and enforceable to the fUlle~ ex~nt permitted by-'law. =ction 20. Successors. to E~cep assi. o~ ,is Agreement shall be binding upon and shall inure ~it of the successors of the parties hereto. extent expressly provided herein, no party may ht or obligation hereunder without the consent parties. ion 21. Miscellaneous. count whic~ Agreement may be executed in several s, each of which shall be an original and all of shall constitute but one and the same instrument. 379h5 12 Resolution No. 95- 101 Page 15 The section headings herein are for convenience only and are not to be construed as modifying or governing the language in the section referred to. Wherever in this Agreement any consent or approval is required, the same shall not be unreasonably withheld. This Agreement is made in the State of California, under the Constitution and laws of such state and is to be so construed. This Agreement is the complete and exclusive statement of the agreement among the parties hereto, which supercedes and merges all prior proposals, understandings, and other agreements, including, without limitation, the Initial Agreement, whether oral, written, or implied in conduct, between and among the parties relating to the subject matter of this Agreement. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunto duly authorized, and their official seals to be hereto affixed, as of the day and year first above written. Program Participant: [SEAL] A/~EST: Name: Ma~jo~e K. Wah]sten Title: C%ty Clerk City of Poway Name: Don Higginson Title: Mayor 13 379h5