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HomeMy WebLinkAbout106-2010 RESOLUTION NO. 106-2010 APPROVING A PROJECT OPERATING AGREEMENT WITH THE EAST BAY REGIONAL COMMUNICATIONS SYSTEM AUTHORITY (EBRCSA) AND AUTHORIZING THE EXECUTION AND IMPLEMENTATION OF SAME WHEREAS, the Town of Danville is a member of the East Bay Regional Communications System Authority (the "EBRCSA"), a joint powers authority organized and existing under and by virtue of the laws of the State of California, pursuant to a Joint Exercise of Powers Agreement dated as of September 11, 2007; and WHEREAS, the EBRCSA is authorized to acquire, plan, design, finance, construct, operate and maintain a P-25 compliant communications system serving Alameda and Contra Costa Counties and individual political jurisdictions therein, including the Town of Danville (the "Project"); and WHEREAS, the EBRCSA intends to issue Revenue Bonds (the "Bonds") for the purpose of financing the acquisition, construction and operation of the Project, and will own and operate the Project for the benefit of its members and subscribers; and WHEREAS, the Bonds are to be secured by a pledge of, and first lien on, annual payments by each member and subscriber for the service provided by the Project to pay the principal of and interest on the Bonds; and WHEREAS, the Operating Agreement attached hereto as Exhibit 1 sets forth the terms and conditions of Service Payments and Operating Payments by the Town of Danville for EBRCSA's acquisition, construction and operation of the Project for the benefit of its members and subscribers, including the Town of Danville; and WHEREAS, the Operating Agreement is intended to establish a means of providing Revenues for the Project, and is not in itself an approval of the Project; and WHEREAS, execution of the Operating Agreement is in the best interest of the Town of Danville; now, therefore, be it RESOLVED, that the Danville Town Council hereby approves the Operating Agreement in the form attached hereto as Exhibit 1; and, be it further RESOLVED, that the Danville Town Council authorizes the Town Manager to execute the Operating Agreement; and, be it further RESOLVED, that the Danville Town Council authorizes the Town Manager to execute such further documents and take such further actions as may be necessary and appropriate to implement the intent of this Resolution, which do not materially or substantially increase the Town of Danville's obligations thereunder. APPROVED by the Danville Town Council at a regular meeting on September 7, 2010 by the following vote: AYES: Doyle, Stepper, Andersen, Arnerich, Storer NOES: None ~ ABSTAINED: None ABSENT: None MA{~~~ APPROVED AS TO FORM: c:!!:::::rn? ~} PAGE 2 OF RESOLUTION NO. 106-2010