WASTEWATER INSTALLMENT SALE AGREEMENTWastewater Installment Sale Agreement • December 22nd, 2015
WHEREAS, the Authority is a joint exercise of powers authority duly organized and existing under and pursuant to that certain Joint Exercise of Powers Agreement, dated as of March 17, 2015, by and among the City and the California Municipal Finance Authority (the “CMFA”), and under the provisions of Articles 1 through 4 (commencing with Section 6500) of Chapter 5 of Division 7 of Title 1 of the California Government Code (the “Act”), and is authorized pursuant to Article 4 (commencing with Section 6584) of the Act (the “Bond Law”) to borrow money for the purpose, among other things, of acquiring and constructing wastewater facilities of the City, and to finance the acquisition of such facilities through the execution of installment sale agreements; and
