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8 Public Hearing for SCIP Participation
AgendaItem#8TRUCKEEDONNERIPubIicUtilityDiJPUBLICHEARINGTo:BoardofDirectorsFrom:ReginaWiseDate:June05,2019Subject:HoldaPublicHearingRelatedtotheAdoptionofDistrictResolution2019-11and2019-12fortheDistricttoEnterintoaJPAwithCSCDA-- --andjointheSCIPprogram.1.WHYTHISMATTERISBEFORETHEBOARDTheBoardsetapublichearingforJune5,2019toreceiveinputfromthepublicregardingtheadoptionofaresolutiontoenterintoaJointPowersAgreementwithCaliforniaStatewideCommunitiesDevelopmentAuthority(CSCDA)inadditiontoanadoptionofaresolutiontoparticipateinStatewideCommunityInfrastructureProgram(SCIP)financing.2.HISTORYCSCDAisajointpowersauthoritysponsoredbytheLeagueofCaliforniaCitiesandtheCaliforniaStateAssociationofCounties.ThememberagenciesofCSCDAincludeapproximately391cities,56counties,and74specialdistrictsthroughoutCalifornia.SCIPwasinstitutedbyCSCDAin2002toallowownersofpropertyinparticipatingcities,countiesanddistrictstofinancethedevelopmentimpactfeesthatwouldbepayablebypropertyownersuponreceivingdevelopmententitlementsorbuildingpermits.Theprogramhassincebeenexpandedtoincludefinancingofpubliccapitalimprovementsdirectly.Ifapropertyownerchoosestoparticipate,andtheDistrictagrees,theselectedpubliccapitalimprovementsandthedevelopmentimpactfeesowedtotheDistrictwillbefinancedbytheissuanceoftax-exemptbondsbyCSCDA.CSCDAwillimposespecialassessmentontheowner’spropertytorepaytheportionofthebondsissuedtofinancethefeesandcapitalimprovements.3.NEWINFORMATIONSCIPhasmanybenefitsfordevelopers:.Enablesdeveloperstofinancecapitalimprovementsandfeesfreeingupcapitalforotherpurposes;.SCIPfinancingisfixedlienassessmentpaymentswithoutescalatorsovertime; .Alleviatespublicinfrastructurecostsfrombeing“rolled”intothecostofthehomebytakingadvantageofthespecialassessmentfinancingatatax-exemptrate;and.SCIPisavailableforavarietyofresidentialandcommercialprojectsandcanfinanceprojectamountsaslowas$500K.SCIPhasmanybenefitsfortheDistrict:.Aswithconventionalassessmentfinancing,theDistrictisnotliabletorepaythebondsissuedbyCSCDAortheassessmentsimposedontheparticipatingproperties;.CSCDAhandlesallDistrictformation,administration,bondissuance,andbondadministrationfunctions;.Tax-exemptfinancinghelpsparticipatingentitiescushiontheimpactofrisingpubliccapitalimprovementscostsandfeesonpropertyowners;and.Theavailabilityoffinancingcanencouragelessphasinginofinfrastructureovertime.4.FISCALIMPACTTherearenoduesorothermembershiprequirementsonthepartoftheDistrictotherthantoadopttheproposedresolutionsandexecutetheagreement.5.RECOMMENDATION1)ConductaPublicHearingtoreceivecommentsonbecomingaCSCDAmemberandSCIPprogrampartipant;2)Adoptresolution2019-11,approving,authorizing,anddirectingexecutionfoanamendedadnrestatedjointexerciseofpowersagreementrelatingtoCSCDA;and3)Adopttheresolution2019-12,authorizingtheDistricttojointheSCIPprogram,authorizingCSCDAtoacceptapplicaitonsfrompropertyowners,conductspecialassessmentproceedingsandlevyassessmentswihtintheterritoryoftheDistrict;approvingformofacquisitionagreementforusewhenapplicable;andauthorizingrelatedactions./&ReginaWiseMichaelD.HolleyFinance&AccountingManagerGeneralManager Attachment1ResolutionNo.2019-11APPROVING,AUTHORIZING,ANDDIRECTING,EXECUTIONOFANAMENDEDANDRESTATEDJOINTEXERCISEOFPOWERSAGREEMENTRELATINGTOTHECALIFORNIASTATEWIDECOMMUNITIESDEVELOPMENTAUTHORITYWHEREAS,TruckeeDonnerPublicUtilityDistrict(the“District”),hasexpressedaninterestinparticipatingintheeconomicdevelopmentfinancingprograms(the“programs”)inconjunctionwiththepartiestothatcertainAmendedandRestatedJointExerciseofPowersAgreementRelatingtotheCaliforniaStatewideCommunitiesDevelopmentAuthority,datedasofJune1,1988(the“Agreement”);andWHEREAS,thereisnowbeforetheDistricttheformoftheAgreement;andWHEREAS,theDistrictproposestoparticipateintheProgramsanddesiresthatcertainprojectstobelocatedwithintheDistrictbefinancedpursuanttotheProgramsanditisinthepublicinterestandforthepublicbenefitthattheDistrictdoso;andWHEREAS,theAgreementhasbeensubmittedtothe[DistrictAdministrator,District’sGeneralCounsel,andtheBoardofDirectors],allofwhomhavereviewedsaidagreement;NOWTHEREFORE,BEITRESOLVED,bytheBoardofDirectorsofTruckeeDonnerPublicUtilityDistrictasfollows:Section1.TheagreementisherebyapprovedandtheGeneralManagerisherebyauthorizedanddirectedtoexecutesaiddocument,withsuchchanges,insertionsandomissionsasmaybeapprovedbytheDistrict’sBoardofDirectorsandapprovedastoformbytheDistrict’sGeneralCounsel.Section2.TheBoardPresidentandtheDistrictClerkareherebyauthorizedanddirectedtoexecutesuchotheragreements,documentsandcertificates,subjecttoapprovalastoformbytheDistrict’sGeneralCounsel,andtoperlormsuchotheractsanddeeds,asmaybenecessarytoeffectthepurposesofthisResolutionandthetransactionshereinauthorized. Attachment1Section3.TheDistrictClerkshallforwardacertifiedcopyofthisResolutionandanoriginallyexecutedagreementto:KathleenJacobeOrrick,Herrington&SutcliffeLLP400CapitalMall,Suite3000Sacramento,California95814Section4.Thisresolutionshalltakeeffectimmediatelyuponitspassage.PASSEDANDADOPTEDbytheBoardofDirectorsoftheTruckeeDonnerPublicUtilityDistrictinameetingdulycalledandheldwithinsaidDistrictonthe5thdayofJune,2019bythefollowingrollcallvote:AYES:NOES:ABSENT:TRUCKEEDONNERPUBLICUTILITYDISTRICTBy:BobEllis,PresidentoftheBoardATTEST:ShannaD.Kuhlemier,CMC,DistrictClerk Attachment2AMENDEDANDRESTATEDJOINTEXERCISEOFPOWERSAGREEMENTRELATINGTOTHECALIFORNIASTATEWIDECOMMUNITIESDEVELOPMENTAUTHORITYTHISAGREEMENT,datedasofJune1,1988,byandamongthepartiesexecutingthisAgreement(allsuchparties,exceptthosewhichhavewithdrawninaccordancewithSection13hereof,beinghereinreferredtoasthe“ProgramParticipants”):WITNESSETHWHEREAS,pursuanttoTitleI,Division7,Chapter5oftheGovernmentCodeoftheStateofCalifornia(the“JointExerciseofPowersAct”),twoormorepublicagenciesmaybyagreementjointlyexerciseanypowercommontothecontractingparties;andWHEREAS,eachoftheProgramParticipantsisa“publicagency”asthattermisdefinedinSection6500oftheGovernmentCodeoftheStateofCalifornia,andWHEREAS,eachoftheProgramParticipantsisempoweredtopromoteeconomicdevelopment,including,withoutlimitation,thepromotionofopportunitiesforthecreationorretentionofemployment,thestimulationofeconomicactivity,andtheincreaseofthetaxbase,withinitsboundaries;andWHEREAS,apublicentityestablishedpursuanttotheJointExerciseofPowersActisempoweredtoissueindustrialdevelopmentbondspursuanttotheCaliforniaIndustrialDevelopmentFinancingAct(Title10(commencingwithSection91500oftheGovernmentCodeoftheStateofCalifornia))(the“Act”)andtootherwiseundertakefinancingprogramsundertheJointExerciseofPowersActorotherapplicableprovisionsoflawtopromoteeconomicdevelopmentthroughtheissuanceofbonds,notes,orotherevidencesofindebtedness,orcertificatesofparticipationinleasesorotheragreements(allsuchinstrumentsbeinghereincollectivelyreferredtoas“Bonds”);andWHEREAS,inordertopromoteeconomicdevelopmentwithintheStateofCalifornia,theCountySupervisorsAssociationofCalifornia(“CSAC”),togetherwiththeCaliforniaManufacturersAssociation,hasestablishedtheBondsforIndustryprogram(the“Program”). WHEREAS,infurtheranceoftheProgram,certainCaliforniacounties(collectively,the“InitialParticipants”)haveenteredintothatcertainJointExerciseofPowersAgreementdatedasofNovember18,1987(the“InitialAgreement”),pursuanttowhichtheCaliforniaCountiesIndustrialDevelopmentAuthorityhasbeenestablishedasaseparateentityundertheJointExerciseofPowersActforthepurposesandwiththepowersspecifiedintheInitialAgreement;andWHEREAS,theLeagueofCaliforniaCities(“LCC”)hasdeterminedtojoinasasponsoroftheProgramandtoactivelyparticipateintheadministrationoftheAuthority;andWHEREAS,theInitialParticipantshavedeterminedtospecificallyauthorizetheAuthoritytoissueBondspursuanttoArticle2oftheJointExerciseofPowersAct(“Article2”)andArticle4oftheJointExerciseofPowersAct(“Article4”),aswellasmaybeauthorizedbytheActorotherapplicablelaw;andWHEREAS,theInitialParticipantsdesiretorenametheCaliforniaCountiesIndustrialDevelopmentAuthoritytobetterreflecttheadditionalsponsorshipoftheProgram;andWHEREAS,eachoftheInitialParticipantshasdeterminedthatitisinthepublicinterestofthecitizenswithinitsboundaries,andtothebenefitofsuchInitialParticipantandtheareaandpersonsservedbysuchInitialParticipant,toamendandrestateinitsentiretytheInitialAgreementinordertoimplementtheprovisionssetforthabove;andWHEREAS,itisthedesireoftheProgramParticipantstouseapublicentityestablishedpursuanttotheJointExerciseofPowersActtoundertakeprojectswithintheirrespectivejurisdictionsthatmaybefinancedwithBondsissuedpursuanttotheAct,Article2,Article4,orotherapplicableprovisionsoflaw;andWHEREAS,theprojectsundertakenwillresultinsignificantpublicbenefits,includingthosepublicbenefitssetforthinSection91502.1oftheAct,anincreasedlevelofeconomicactivity,oranincreasedtaxbase,andwillthereforeserveandbeofbenefittotheinhabitantsofthejurisdictionsoftheProgramParticipants;NOW,THEREFORE,theProgramParticipants,forandinconsiderationofthemutualpromisesandagreementshereincontained,doagreetorestateandamendtheInitialAgreementinitsentiretytoprovideasfollows:2 Section1.Purpose.ThisAgreementismadepursuanttotheprovisionsoftheJointExerciseofPowersAct,relatingtothejointexerciseofpowerscommontopublicagencies,inthiscasebeingtheProgramParticipants.TheProgramParticipantseachpossessthepowersreferredtointherecitalshereof.ThepurposeofthisAgreementistoestablishanagencyfor,andwiththepurposeof,issuingBondstofinanceprojectswithintheterritoriallimitsoftheProgramParticipantspursuanttotheAct,Article2,Article4,orotherappliableprovisionsoflaw;provided,howeverthatnothinginthisAgreementshallbeconstruedasalimitationontherightsoftheProgramParticipantstopursueeconomicdevelopmentoutsideofthisAgreement,includingtherightstoissueBondsthroughindustrialdevelopmentauthoritiesundertheAct,orasotherwisepermittedbylaw.WithinthevariousjurisdictionsoftheProgramParticipantssuchpurposewillbeaccomplishedandsaidpowersexercisedinthemannerhereinaftersetforth.Section2.Term.ThisAgreementshallbecomeeffectiveasofthedatehereofandshallcontinueinfullforceandeffectforaperiodofforty(40)yearsfromthedatehereof,oruntilsuchtimeasitisterminatedinwritingbyalltheProgramParticipants;provided,however,thatthisAgreementshallnotterminateorbeterminateduntilthedateonwhichallBondsorotherindebtednessissuedorcausedtobeissuedbytheAuthorityshallhavebeenretired,orfullprovisionshallhavebeenmadefortheirretirement,includinginterestuntiltheirretirementdate.Section3.Authority.A.CREATIONANDPOWERSOFAUTHORITY.(1)PursuanttotheJointExerciseofPowersAct,thereisherebycreatedapublicentitytobeknownasthe“CaliforniaStatewideCommunitiesDevelopmentAuthority”(the“Authority”),andsaidAuthorityshallbeapublicentityseparateandapartfromtheProgramParticipants.Itsdebts,liabilitiesandobligationsdonotconstitutedebts,liabilitiesorobligationsofanypartytothisAgreement.B.COMMISSION.TheAuthorityshallbeadministeredbyaCommission(the“Commission”)whichshallconsistofsevenmembers,each3 servinginhisorherindividualcapacityasamemberoftheCommission.TheCommissionshallbetheadministeringagencyofthisAgreement,and,assuch,shallbevestedwiththepowerssetforthherein,andshallexecuteandadministerthisAgreementinaccordancewiththepurposesandfunctionsprovidedherein.FourmembersoftheCommissionshallbeappointedbythegoverningbodyofCSACandthreemembersoftheCommissionshallbeappointedbythegoverningbodyofLCC.InitialmembersoftheCommissionshallserveatermendingJune1,1991.Successorstosuchmembersshallbeselectedinthemannerinwhichtherespectiveinitialmemberwasselectedandshallserveatermofthreeyears.Anyappointmenttofillanunexpiredterm,however,shallbeforsuchunexpiredterm.Thetermofofficespecifiedaboveshallbeapplicableunlessthetermofofficeoftherespectivememberisterminatedashereinafterprovided,andprovidedthatthetermofanymembershallnotexpireuntilasuccessortheretohasbeenappointedasprovidedherein.EachofCSACandLCCmayappointanalternatememberoftheCommissionforeachmemberoftheCommissionwhichitappoints.SuchalternatemembermayactasamemberoftheCommissioninplaceofandduringtheabsenceordisabilityofsuchregularlyappointedmember.AllreferencesinthisAgreementtoanymemberoftheCommissionshallbedeemedtorefertoandincludetheapplicablealternatememberwhensoactinginplaceofaregularlyappointedmember.EachmemberoralternatememberoftheCommissionmayberemovedandreplacedatanytimebythegoverningbodybywhichsuchmemberwasappointed.Anyindividual,includinganymemberofthegoverningbodyorstaffofCSACorLCC,shallbeeligibletoserveasamemberoralternatememberoftheCommission.MembersandalternatemembersoftheCommissionshallnotreceiveanycompensationforservingassuchbutshallbeentitledtoreimbursementforanyexpensesactuallyincurredinconnectionwithservingasamemberoralternatemember,iftheCommissionshalldeterminethatsuchexpensesshallbereimbursedandthereareunencumberedfundsavailableforsuchpurpose.C.OFFICERS;DUTIES;OFFICIALBONDS.TheCommissionshallelectaChair,aVice-Chair,andaSecretaryoftheAuthorityfromamongitsmemberstoserveforsuchtermasshallbedeterminedbytheCommission.TheCommissionshallappointoneormoreofitsofficersor4 employeestoserveastreasurer,auditor,andcontrolleroftheAuthority(the“Treasurer”)pursuanttoSection6505.6oftheJointExerciseofPowersActtoserveforsuchtermasshallbedeterminedbytheCommission.Subjecttotheapplicableprovisionsofanyresolution,indentureorotherinstrumentorproceedingauthorizingorsecuringBonds(eachsuchresolution,indenture,instrumentandproceedingbeinghereinreferredtoasan“Indenture”)providingforatrusteeorotherfiscalagent,theTreasurerisdesignatedasthedepositaryoftheAuthoritytohavecustodyofallmoneyoftheAuthority,fromwhateversourcederived.TheTreasureroftheAuthorityshallhavethepowers,dutiesandresponsibilitiesspecifiedinSection6505.5oftheJointExerciseofPowersAct.TheTreasureroftheAuthorityisdesignatedasthepublicofficerorpersonwhohaschargeof,handles,orhasaccesstoanypropertyoftheAuthority,andsuchofficershallfileanofficialbondwiththeSecretaryoftheAuthorityintheamountspecifiedbyresolutionoftheCommissionbutinnoeventlessthan$1000.Ifandtotheextentpermittedbylaw,anysuchofficermaysatisfythisrequirementbyfilinganofficialbondinatleastsaidamountobtainedinconnectionwithanotherpublicoffice.TheCommissionshallhavethepowertoappointsuchotherofficersandemployeesasitmaydeemnecessaryandtoretainindependentcounsel,consultantsandaccountants.TheCommissionshallhavethepower,byresolution,totheextentpermittedbytheJointExerciseofPowersActoranyotherapplicablelaw,todelegateanyofitsfunctionstooneormoreofthemembersoftheCommissionorofficersoragentsoftheAuthorityandtocauseanyofsaidmembers,officersoragentstotakeanyactionsandexecuteanydocumentsorinstrumentsforandinthenameandonbehalfoftheCommissionortheAuthority.D.MEETINGSOFTHECOMMISSION.(1)RegularMeetings.TheCommissionshallprovideforitsregularmeetings;provided,however,itshallholdatleastoneregularmeetingeachyear.Thedate,hourandplaceoftheholdingoftheregularmeetingsshallbefixedbyresolutionoftheCommissionandacopyofsuchresolutionshallbefiledwitheachpartyhereto.5 (2)SpecialMeetings.SpecialmeetingsoftheCommissionmaybecalledinaccordancewiththeprovisionsofSection54956oftheGovernmentCodeoftheStateofCalifornia.(3)RalphM.BrownAct.AllmeetingsoftheCommission,including,withoutlimitation,regular,adjournedregular,special,andadjournedspecialmeetingsshallbecalled,noticed,heldandconductedinaccordancewiththeprovisionsoftheRalphM.BrownAct(commencingwithSection54950oftheGovernmentCodeoftheStateofCalifornia).(4)Minutes.TheSecretaryoftheAuthorityshallcausetobekeptminutesoftheregular,adjournedregular,special,andadjournedspecialmeetingsoftheCommissionandshall,assoonaspossibleaftereachmeeting,causeacopyoftheminutestobeforwardedtoeachmemberoftheCommission.(5)Quorum.AmajorityofthemembersoftheCommissionwhichincludesatleastonememberappointedbythegoverningbodyofeachofCSACandLCCshallconstituteaquorumforthetransactionofbusiness.NoactionmaybetakenbytheCommissionexceptupontheaffirmativevoteofamajorityofthemembersoftheCommissionwhichincludesatleastonememberappointedbythegoverningbodyofeachofCSACandLCC,exceptthatlessthanaquorummayadjournameetingtoanothertimeandplace.E.RULESANDREGULATIONS.TheAuthoritymayadopt,fromtimetotime,byresolutionoftheCommissionsuchrulesandregulationsfortheconductofitsmeetingsandaffairsasmayberequired.Section4.Powers.TheAuthorityshallhaveanyandallpowersrelatingtoeconomicdevelopmentauthorizedbylawtoeachofthepartiesheretoandseparatelytothepublicentityhereincreated,including,withoutlimitation,thepromotionofopportunitiesforthecreationandretentionofemployment,thestimulationofeconomicactivity,andtheincreaseofthetaxbase,withinthejurisdictionsofsuchparties.Suchpowersshallincludethecommonpowersspecifiedinthis6 AgreementandmaybeexercisedinthemannerandaccordingtothemethodprovidedinthisAgreement.AllsuchpowerscommontothepartiesarespecifiedaspowersoftheAuthority.TheAuthorityisherebyauthorizedtodoallactsnecessaryfortheexerciseofsuchpowers,including,butnotlimitedto,anyorallofthefollowing:tomakeandenterintocontracts;toemployagentsandemployees;toacquire,construct,provideformaintenanceandoperationof,ormaintainandoperate,anybuildings,worksorimprovements;toacquire,holdordisposeofpropertywhereverlocated;toincurdebts,liabilitiesorobligations;toreceivegifts,contributionsanddonationsofproperty,funds,servicesandotherformsofassistancefrompersons,firms,corporationsandanygovernmentalentity;tosueandbesuedinitsownname;andgenerallytodoanyandallthingsnecessaryorconvenienttothepromotionofeconomicdevelopment,includingwithoutlimitationthepromotionofopportunitiesforthecreationorretentionofemployment,thestimulationofeconomicactivity,andtheincreaseofthetaxbase,allashereincontemplated.Withoutlimitingthegeneralityoftheforegoing,theAuthoritymayissueorcausetobeissuedbondedandotherindebtedness,andpledgeanypropertyorrevenuesassecuritytotheextentpermittedundertheJointExerciseofPowersAct,includingArticle2andArticle4,theActoranyotherapplicableprovisionoflaw.ThemannerinwhichtheAuthorityshallexerciseitspowersandperformitsdutiesisandshallbesubjecttotherestrictionsuponthemannerinwhichaCaliforniacountycouldexercisesuchpowersandperformsuchdutiesuntilaCaliforniagenerallawcityshallbecomeaProgramParticipant,atwhichtimeitshallbesubjecttotherestrictionsuponthemannerinwhichaCaliforniagenerallawcitycouldexercisesuchpowersandperformsuchduties.ThemannerinwhichtheAuthorityshallexerciseitspowersandperformitsdutiesshallnotbesubjecttoanyrestrictionsapplicabletothemannerinwhichanyotherpublicagencycouldexercisesuchpowersorperformsuchduties,whethersuchagencyisapartytothisAgreementornot.Section5.FiscalYear.ForthepurposesofthisAgreement,theterm“FiscalYear”shallmeanthefiscalyearasestablishedfromtimetotimebytheAuthority,being,atthedateofthisAgreement,theperiodfromJuly1toandincludingthefollowingJune30,exceptforthefirstFiscalYearwhichshallbetheperiodfromthedateofthisAgreementtoJune30,1988.7 Section6.DispositionofAssets.AttheendofthetermhereoforupontheearlierterminationofthisAgreementassetforthinSection2hereof,afterpaymentofallexpensesandliabilitiesoftheAuthority,allpropertyoftheAuthoritybothrealandpersonalshallautomaticallyvestintheProgramParticipantsandshallthereafterremainthesolepropertyoftheProgramParticipants;provided,however,thatanysurplusmoneyonhandshallbereturnedinproportiontothecontributionsmadebytheProgramParticipants.Section7.Bonds.TheAuthorityshallissueBondsforthepurposeofexercisingitspowersandraisingthefundsnecessarytocarryoutitspurposesunderthisAgreement.SaidBondsmay,atthediscretionofAuthority,beissuedinseries.Theservicesofbondcounsel,financingconsultantsandotherconsultantsandadvisorsworkingontheprojectsand/ortheirfinancingshallbeusedbytheAuthority.Thefeesandexpensesofsuchcounsel,consultants,advisors,andtheexpensesofCSAC,LCC,andtheCommissionshallbepaidfromtheproceedsoftheBondsoranyotherunencumberedfundsoftheAuthorityavailableforsuchpurpose.Section9.LocalApproval.AcopyoftheapplicationforfinancingofaprojectshallbefiledbytheAuthoritywiththeProgramParticipantinwhosejurisdictiontheprojectistobelocated.TheAuthorityshallnotissueBondswithrespecttoanyprojectunlessthegoverningbodyoftheProgramParticipantinwhosejurisdictiontheprojectistobelocated,oritsdulyauthorizeddesignee,shallapprove,conditionallyorunconditionally,theproject,includingtheissuanceofBondstherefor.Actiontoapproveordisapproveaprojectshallbetakenwithin45daysofthefilingwiththeProgramParticipant.CertificationofapprovalordisapprovalshallbemadebytheclerkofthegoverningbodyoftheProgramParticipant,orbysuchotherofficerasmaybedesignatedbytheapplicableProgramParticipant,totheAuthority.Section8.BondsOnlyLimitedandSpecialObligationsofAuthority.TheBonds,togetherwiththeinterestandpremium,ifany,thereon,shallnotbedeemedtoconstituteadebtofanyProgramParticipant,CSAC,orLCCorpledgeofthefaithandcreditoftheProgramParticipants,CSAC,LCC,orthe8 Authority.TheBondsshallbeonlyspecialobligationsoftheAuthority,andtheAuthorityshallundernocircumstancesbeobligatedtopaytheBondsortherespectiveprojectcostsexceptfromrevenuesandotherfundspledgedtherefor.NeithertheProgramParticipants,CSAC,LCC,northeAuthorityshallbeobligatedtopaytheprincipalof,premium,ifany,orinterestontheBonds,orothercostsincidentalthereto,exceptfromtherevenuesandfundspledgedtherefor,andneitherthefaithandcreditnorthetaxingpoweroftheProgramParticipantsnorthefaithandcreditofCSAC,LCC,ortheAuthorityshallbepledgedtothepaymentoftheprincipalof,premium,ifany,orinterestontheBondsnorshalltheProgramParticipants,CSAC,LCC,ortheAuthorityinanymannerbeobligatedtomakeanyappropriationforsuchpayment.NocovenantoragreementcontainedinanyBondorIndentureshallbedeemedtobeacovenantoragreementofanymemberoftheCommission,oranyofficer,agentoremployeeoftheAuthorityinhisindividualcapacityandneithertheCommissionoftheAuthoritynoranyofficerthereofexecutingtheBondsshallbeliablepersonallyonanyBondorbesubjecttoanypersonalliabilityoraccountabilitybyreasonoftheissuanceofanyBonds.SectionJO.AccountsandReports.AllfundsoftheAuthorityshallbestrictlyaccountedfor.TheAuthorityshallestablishandmaintainsuchfundsandaccountsasmayberequiredbygoodaccountingpracticeandbyanyprovisionofanyIndenture(totheextentsuchdutiesarenotassignedtoatrusteeofBonds).ThebooksandrecordsoftheAuthorityshallbeopentoinspectionatallreasonabletimesbyeachProgramParticipant.TheTreasureroftheAuthorityshallcauseanindependentaudittobemadeofthebooksofaccountsandfinancialrecordsoftheAgencybyacertifiedpublicaccountantorpublicaccountantincompliancewiththeprovisionsofSection6505oftheJointExerciseofPowersAct.IneachcasetheminimumrequirementsoftheauditshallbethoseprescribedbytheStateControllerforspecialdistrictsunderSection26909oftheGovernmentCodeoftheStateofCaliforniaandshallconformtogenerallyacceptedauditingstandards.Whensuchanauditofaccountsandrecordsismadebyacertifiedpublicaccountantorpublicaccountant,areportthereofshallbefiledaspublicrecordswitheachProgramParticipantandalsowiththecountyauditorofeachcountyinwhichaProgramParticipantislocated.Suchreportshallbefiledwithin12monthsoftheendoftheFiscalYearorYearsunderexamination.9 Anycostsoftheaudit,includingcontractswith,oremploymentof,certifiedpublicaccountantsorpublicaccountantsinmakinganauditpursuanttothisSection,shallbebornebytheAuthorityandshallbeachargeagainstanyunencumberedfundsoftheAuthorityavailableforthatpurposeInanyFiscalYeartheCommissionmay,byresolutionadoptedbyunanimousvote,replacetheannualspecialauditwithanauditcoveringatwo-yearperiod.TheTreasureroftheAuthority,within120daysafterthecloseofeachFiscalYear,shallgiveacompletewrittenreportofallfinancialactivitiesforsuchFiscalYeartoeachoftheProgramParticipantstotheextentsuchactivitiesarenotcoveredbythereportsofthetrusteesfortheBonds.ThetrusteeappointedundereachIndentureshallestablishsuitablefunds,furnishfinancialreportsandprovidesuitableaccountingprocedurestocarryouttheprovisionsofsaidIndenture.SaidtrusteemaybegivensuchdutiesinsaidIndentureasmaybedesirabletocarryoutthisAgreement.Section11.Funds.SubjecttotheapplicableprovisionsofeachIndenture,whichmayprovideforatrusteetoreceive,havecustodyofanddisburseAuthorityfunds,theTreasureroftheAuthorityshallreceive,havethecustodyofanddisburseAuthorityfundspursuanttotheaccountingproceduresdevelopedunderSection10hereof,andshallmakethedisbursementsrequiredbythisAgreementorotherwisenecessarytocarryoutanyoftheprovisionsorpurposesofthisAgreement.Section12.Notices.NoticesandothercommunicationshereundertotheProgramParticipantsshallbesufficientifdeliveredtotheclerkofthegoverningbodyofeachProgramParticipant.Section13.WithdrawalandAdditionofParties.AProgramParticipantmaywithdrawfromthisAgreementuponwrittennoticetotheCommission;provided,however,thatnosuchwithdrawalshallresultinthedissolutionoftheAuthoritysolongasanyBondsremainoutstandingunderanIndenture.AnysuchwithdrawalshallbeeffectiveonlyuponreceiptofthenoticeofwithdrawalbytheCommissionwhichshallacknowledgereceiptofsuchnoticeofwithdrawalinwritingandshallfilesuchnoticeasanamendmenttothisAgreementeffectiveuponsuchfiling.10 QualifyingpublicagenciesmaybeaddedaspartiestothisAgreementandbecomeProgramParticipantsupon:(i)thefilingbysuchpublicagencyofanexecutedcounterpartofthisAgreement,togetherwithacertifiedcopyoftheresolutionofthegoverningbodyofsuchpublicagencyapprovingthisAgreementandtheexecutionanddeliveryhereof;and(ii)adoptionofaresolutionoftheCommissionapprovingtheadditionofsuchpublicagencyasaProgramParticipant.Uponsatisfactionofsuchconditions,theCommissionshallfilesuchexecutedcounterpartofthisAgreementasanamendmenthereto,effectiveuponsuchfiling.Section14.Indemnification.Tothefullextentpermittedbylaw,theCommissionmayauthorizeindemnificationbytheAuthorityofanypersonwhoisorwasamemberoralternatememberoftheCommission,oranofficer,employeeorotheragentoftheAuthority,andwhowasorisapartyoristhreatenedtobemadeapartytoaproceedingbyreasonofthefactthatsuchpersonisorwassuchamemberoralternatememberoftheCommission,oranofficer,employeeorotheragentoftheAuthority,againstexpenses,judgments,fines,settlementsandotheramountsactuallyandreasonablyincurredinconnectionwithsuchproceeding,ifsuchpersonactedingoodfaithandinamannersuchpersonreasonablybelievedtobeinthebestinterestsoftheAuthorityand,inthecaseofacriminalproceeding,hadnoreasonablecausetobelievetheconductofsuchpersonwasunlawfuland,inthecaseofanactionbyorintherightoftheAuthority,actedwithsuchcare,includingreasonableinquiry,asanordinarilyprudentpersoninalikepositionwoulduseundersimilarcircumstances.Section15.ContributionsandAdvances.Contributionsoradvancesofpublicfundsandoftheuseofpersonnel,equipmentorpropertymaybemadetotheAuthoritybythepartiesheretoforanyofthepurposesofthisAgreement.Paymentofpublicfundsmaybemadetodefraythecostofanysuchcontribution.Anysuchadvancemaybemadesubjecttorepayment,andinsuchcaseshallberepaid,inthemanneragreeduponbytheAuthorityandthepartymakingsuchadvanceatthetimeofsuchadvance.Section16.Immunities.Alloftheprivilegesandimmunitiesfromliabilities,exemptionsfromlaws,ordinancesandrules,allpension,relief,disability,workers’compensation,andotherbenefitswhichapplytotheactivityofofficers,agentsoremployeesofProgramParticipantswhenperformingtheir11 respectivefunctionswithintheterritoriallimitsoftheirrespectivepublicagencies,shallapplytothemtothesamedegreeandextentwhileengagedasmembersoftheCommissionorotherwiseasanofficer,agentorotherrepresentativeoftheAuthorityorwhileengagedintheperformanceofanyoftheirfunctionsordutiesextraterritoriallyundertheprovisionsofthisAgreement.Section17.Amendments.ExceptasprovidedinSection13above,thisAgreementshallnotbeamended,modified,oralteredexceptbyawritteninstrumentdulyexecutedbyeachoftheProgramParticipants.Section18.Effectiveness.ThisAgreementshallbecomeeffectiveandbeinfullforceandeffectandalegal,validandbindingobligationofeachoftheProgramParticipantsat9:00am.,Californiatime,onthedatethattheCommissionshallhavereceivedfromeachoftheInitialParticipantsanexecutedcounterpartofthisAgreement,togetherwithacertifiedcopyofaresolutionofthegoverningbodyofeachsuchInitialParticipantapprovingthisAgreementandtheexecutionanddeliveryhereof.Section19.PartialInvalidity.Ifanyoneormoreoftheterms,provisions,promises,covenantsorconditionsofthisAgreementshalltoanyextentbeadjudgedinvalid,unenforceable,voidorvoidableforanyreasonwhatsoeverbyacourtofcompetentjurisdiction,eachandalloftheremainingterms,provisions,promises,covenantsandconditionsofthisAgreementshallnotbeaffectedthereby,andshallbevalidandenforceabletothefullestextentpermittedbylaw.Section20.Successors.ThisAgreementshallbebindinguponandshallinuretothebenefitofthesuccessorsofthepartieshereto.Excepttotheextentexpresslyprovidedherein,nopartymayassignanyrightorobligationhereunderwithouttheconsentoftheotherparties.Section21.Miscellaneous.ThisAgreementmaybeexecutedinseveralcounterparts,eachofwhichshallbeanoriginalandallofwhichshallconstitutebutoneandthesameinstrument.12 Thesectionheadingshereinareforconvenienceonlyandarenottobeconstruedasmodifyingorgoverningthelanguageinthesectionreferredto.WhereverinthisAgreementanyconsentorapprovalisrequired,thesameshallnotbeunreasonablywithheld.ThisAgreementismadeintheStateofCalifornia,undertheConstitutionandlawsofsuchstateandistobesoconstrued.ThisAgreementisthecompleteandexclusivestatementoftheagreementamongthepartieshereto,whichsupercedesandmergesallpriorproposals,understandings,andotheragreements,including,withoutlimitation,theInitialAgreement,whetheroral,written,orimpliedinconduct,betweenandamongthepartiesrelatingtothesubjectmatterofthisAgreement.INWITNESSWHEREOF,thepartiesheretohavecausedthisAgreementtobeexecutedandattestedbytheirproperofficersthereuntodulyauthorized,andtheirofficialsealstobeheretoaffixed,asofthedayandyearfirstabovewritten.ProgramParticipant:[SEAL]By___Name:Title:ATTEST:By_____________ ________ ___ _____ ___ _Name:Title:13 Attachment3TRUCKEEDcN...NERPubItResolutionNo.2019-12RESOLUTIONOFTHEBOARDOFDIRECTORSOFTHETRUCKEEDONNERPUBLICUTILITYDISTRICTAUTHORIZINGTHEDISTRICTTOJOINTHESTATEWIDECOMMUNITYINFRASTRUCTUREPROGRAM;AUTHORIZINGTHECALIFORNIASTATEWIDECOMMUNITIESDEVELOPMENTAUTHORITYTOACCEPTAPPLICATIONSFROMPROPERTYOWNERS,CONDUCTSPECIALASSESSMENTPROCEEDINGSANDLEVYASSESSMENTSWITHINTHETERRITORYOFTHETRUCKEEDONNERPUBLICUTILITYDISTRICT;APPROVINGFORMOFACQUISITIONAGREEMENTFORUSEWHENAPPLICABLE;ANDAUTHORIZINGRELATEDACTIONSWHEREAS,theCaliforniaStatewideCommunitiesDevelopmentAuthority(the“Authority”)isajointexerciseofpowersauthoritythemembersofwhichincludenumerouscities,countiesandlocalagenciesintheStateofCalifornia,includingTruckeeDonnerPublicUtilityDistrict(the“District”);andWHEREAS,theAuthorityhasestablishedtheStatewideCommunityInfrastructureProgram(“SCIP”)toallowthefinancingofcertaindevelopmentimpactfees(the“Fees”)leviedinaccordancewiththeMitigationFeeAct(CaliforniaGovernmentCodeSections66000andfollowing)andotherauthorityprovidingforthelevyoffeesonnewdevelopmenttopayforpubliccapitalimprovements(collectively,the“FeeAct”)throughthelevyofspecialassessmentspursuanttotheMunicipalImprovementActof1913(StreetsandHighwaysCodeSections10000andfollowing)(the“1913Act”)andtheissuanceofimprovementbonds(the“LocalObligations”)undertheImprovementBondActof1915(StreetsandHighwaysCodeSections8500andfollowing)(the“1915Act”)uponthesecurityoftheunpaidspecialassessments;andWHEREAS,SCIPwillalsoallowthefinancingofcertainpubliccapitalimprovementstobeconstructedbyoronbehalfofpropertyownersforacquisitionbytheDistrictoranotherpublicagency(the“Improvements”);andWHEREAS,theDistrictdesirestoallowtheownersofpropertybeingdevelopedwithinitsjurisdiction(“ParticipatingDevelopers”)toparticipateinSCIPandtoallowtheAuthoritytoconductassessmentproceedingsunderthe1913ActandtoissueLocalObligationsunderthe1915ActtofinanceFeesleviedonsuchpropertiesandImprovements,providedthatsuchParticipatingDevelopersvoluntarilyagreetoparticipateandconsenttothelevyofsuchassessments;andWHEREAS,ineachyearinwhicheligiblepropertyownerswithinthejurisdictionoftheDistrictelecttobeParticipatingDevelopers,theAuthoritywillconductassessmentproceedingsunderthe1913ActandissueLocalObligationsunderthe1915ActtofinanceFeespayablebysuchpropertyownersandImprovementsand,attheconclusionofsuchproceedings,willlevyspecialassessmentsonsuchproperty Attachment3withintheterritoryoftheDistrict;WHEREAS,therehasbeenpresentedtothismeetingaproposedformofResolutionofIntentiontobeadoptedbytheAuthorityinconnectionwithsuchassessmentproceedings(the“ROl”),acopyofwhichisattachedheretoasExhibitA,andtheterritorywithinwhichassessmentsmaybeleviedforSCIP(providedthateachParticipatingDeveloperconsentstosuchassessment)shallbecoterminouswiththeDistrict’sofficialboundariesofrecordatthetimeofadoptionofeachsuchROl(the“ProposedBoundaries”),andreferenceisherebymadetosuchboundariesfortheplatormaprequiredtobeincludedinthisResolutionpursuanttoSection10104oftheStreetsandHighwaysCode;andWHEREAS,therehasalsobeenpresentedtothismeetingaproposedformofAcquisitionAgreement(the“AcquisitionAgreement”),acopyofwhichisattachedheretoasExhibitB,tobeapprovedastoformforusewithrespecttoanyImprovementstobeconstructedandinstalledbyaParticipatingDeveloperandforwhichtheParticipatingDeveloperrequestsacquisitionfinancingaspartofitsSCIPapplication;andWHEREAS,theDistrictwillnotberesponsiblefortheconductofanyassessmentproceedings;thelevyorcollectionofassessmentsoranyrequiredremedialactioninthecaseofdelinquenciesinsuchassessmentpayments;ortheissuance,saleoradministrationoftheLocalObligationsoranyotherbondsissuedinconnectionwithSCIP;andWHEREAS,pursuanttoGovernmentCodeSection6586.5,noticewaspublishedatleastfivedayspriortotheadoptionofthisresolutionatapublichearing,whichwasdulyconductedbythisBoardconcerningthesignificantpublicbenefitsofSCIPandthefinancingoftheImprovementsandthepubliccapitalimprovementstobepaidforwiththeproceedsoftheFees;NOW,THEREFORE,BEITRESOLVEDbytheBoardofDirectorsofTruckeeDonnerPublicUtilityDistrictasfollows:Section1.TheDistrictherebyconsentstotheconductofspecialassessmentproceedingsbytheAuthorityinconnectionwithSCIPpursuanttothe1913ActandtheissuanceofLocalObligationsunderthe1915ActonanypropertywithintheProposedBoundaries;provided,that(1)SuchproceedingsareconductedpursuanttooneormoreResolutionsofIntentioninsubstantiallytheformoftheROI;and(2)TheParticipatingDevelopers,whoshallbethelegalownersofsuchproperty,executeawrittenconsenttothelevyofassessmentinconnectionwithSCIPbytheAuthorityandexecuteanassessmentballotinfavorofsuchassessmentincompliancewiththerequirementsofSection4ofArticleXIIIDoftheStateConstitution.Section2.TheDistrictherebyfindsanddeclaresthattheissuanceofbondsbytheAuthorityinconnectionwithSCIPwillprovidesignificantpublicbenefits,including Attachment3withoutlimitation,savingsineffectiveinterestrate,bondpreparation,bondunderwritingandbondissuancecostsandthemoreefficientdeliveryoflocalagencyservicestoresidentialandcommercialdevelopmentwithintheDistrict.Section3.TheAuthorityhaspreparedandwillupdatefromtimetotimethe“SCIPManualofProcedures”(the“Manual”),andtheDistrictwillhandleFeerevenuesandfundsforImprovementsforpropertiesparticipatinginSCIPinaccordancewiththeproceduressetforthintheManual.Section4.TheformofAcquisitionAgreementpresentedtothismeetingisherebyapproved,andthe[BoardPresident]isauthorizedtoexecuteandthe[DistrictClerk]isauthorizedtoattesttheexecutionofacompletedAcquisitionAgreementinsubstantiallysaidformandpertainingtotheImprovementsbeingfinancedonbehalfoftheapplicableParticipatingDeveloper.Section5.TheappropriateofficialsandstaffoftheDistrictareherebyauthorizedanddirectedtomakeSCIPapplicationsavailabletoallpropertyownerswhoaresubjecttoFeesfornewdevelopmentwithintheDistrictand/orwhoareconditionedtoinstallImprovementsandtoinformsuchownersoftheiroptiontoparticipateinSCIP;provided,thattheAuthorityshallberesponsibleforprovidingsuchapplicationsandrelatedmaterialsatitsownexpense.ThestaffpersonslistedontheattachedExhibitC,togetherwithanyotherstaffpersonschosenbythe[BoardPresident]fromtimetotime,areherebydesignatedasthecontactpersonsfortheAuthorityinconnectionwiththeSCIPprogram.Section6.TheappropriateofficialsandstaffoftheDistrictareherebyauthorizedanddirectedtoexecuteanddeliversuchclosingcertificates,requisitions,agreementsandrelateddocuments,includingbutnotlimitedtosuchdocumentsasmayberequiredbyBondCounselinconnectionwiththeparticipationinSCIPofanydistricts,authoritiesorotherthird-partyentitiesentitledtoownImprovementsand/ortolevyandcollectfeesonnewdevelopmenttopayforpubliccapitalimprovementswithinthejurisdictionoftheDistrict,asarereasonablyrequiredbytheAuthorityinaccordancewiththeManualtoimplementSCIPforParticipatingDevelopersandtoevidencecompliancewiththerequirementsoffederalandstatelawinconnectionwiththeissuancebytheAuthorityoftheLocalObligationsandanyotherbondsforSCIP.Tothatend,andpursuanttoTreasuryRegulationsSection1.150-2,thestaffpersonslistedonExhibitC,orotherstaffpersonactinginthesamecapacityfortheDistrictwithrespecttoSCIP,areherebyauthorizedanddesignatedtodeclaretheofficialintentoftheDistrictwithrespecttothepubliccapitalimprovementstobepaidorreimbursedthroughparticipationinSCIP.Section7.ThisResolutionshalltakeeffectimmediatelyuponitsadoption.The[DistrictClerk]isherebyauthorizedanddirectedtotransmitacertifiedcopyofthisresolutiontotheSecretaryoftheAuthority. Attachment3PASSEDANDADOPTEDbytheBoardofDirectorsoftheTruckeeDonnerPublicUtilityDistrictinameetingdulycalledandheldwithinsaidDistrictonthe5thdayofJune,2019bythefollowingrollcallvote:AYES:NOES:ABSENT:TRUCKEEDONNERPUBLICUTILITYDISTRICTBy:_____________________________BobEllis,PresidentoftheBoardATTEST:ShannaD.Kuhlemier,CMC,DistrictClerk ExhibitAEXHIBITATOTHERESOLUTIONFORMOFRESOLUTIONOFINTENTIONTOBEADOPTEDBYCSCDARESOLUTIONNO.SCIPRESOLUTIONOFINTENTIONOFTHECALIFORNIASTATEWIDECOMMUNITIESDEVELOPMENTAUTHORITYTOFINANCECAPITALIMPROVEMENTSAND/ORTHEPAYMENTOFDEVELOPMENTIMPACTFEESFORPUBLICCAPITALIMPROVEMENTSINTHEPROPOSEDSTATEWIDECOMMUNITYINFRASTRUCTUREPROGRAMASSESSMENTDISTRICTNO.__(TRUCKEEDONNERPUBLICUTILITYDISTRICT,COUNTYOFNEVADA,CALIFORNIA),APPROVINGAPROPOSEDBOUNDARYMAP,MAKINGCERTAINDECLARATIONS,FINDINGSANDDETERMINATIONSCONCERNINGRELATEDMATTERS,ANDAUTHORIZINGRELATEDACTIONSINCONNECTIONTHEREWITHWHEREAS,undertheauthorityoftheMunicipalImprovementActof1913(the“1913Act”),beingDivision12(commencingwithSections10000andfollowing)oftheCaliforniaStreetsandHighwaysCode(the“Code”),theCommission(the“Commission”)oftheCaliforniaStatewideCommunitiesDevelopmentAuthority(the“Authority”)intendstofinance,throughitsStatewideCommunityInfrastructureProgram,thepaymentofcertaindevelopmentimpactfeesforpublicimprovements(the“ImprovementFees”)and/ortofinancecertainpubliccapitalimprovementstobeconstructedbyoronbehalfofthepropertyowner(s)andtobeacquiredbytheTruckeeDonnerPublicUtilityDistrictoranotherlocalagency(the“Improvements”)asdescribedinExhibitAattachedheretoandbythisreferenceincorporatedherein,allofwhichareofbenefittothepropertywithintheproposedStatewideCommunityInfrastructureProgramAssessmentDistrictNo.___(TmckeeDonnerPublicUtilityDistrict,CountyofNevada,California)(the“AssessmentDistrict”);WHEREAS,theCommissionfindsthatthelandspeciallybenefitedbytheImprovementsand/ortheImprovementFeesisshownwithintheboundariesofthemapentitled“ProposedBoundariesofCaliforniaStatewideCommunitiesDevelopmentAuthorityStatewideCommunityInfrastructureProgramAssessmentDistrictNo.(TruckeeDonnerPublicUtilityDistrict,CountyofNevada,)StateofCalifornia,”acopyofwhichmapisonfilewiththeSecretaryandpresentedtothisCommissionmeeting,anddeterminesthatthelandwithintheexteriorboundariesshownonthemapshallbedesignated“StatewideCommunityInfrastructureProgramAssessmentDistrictNo.___(TmckeeDonnerPublicUtilityDistrict,CountyofNevada,)StateofCalifornia”;WHEREAS,theDistrictisamemberoftheAuthorityandhasapprovedtheadoptiononitsbehalfofthisResolutionofIntentionandhasconsentedtothelevyoftheassessmentsintheAssessmentDistrict;NOW,THEREFORE,BEITRESOLVEDthattheCommissionoftheCaliforniaStatewideCommunitiesDevelopmentAuthorityherebyfinds,determinesandresolvesasfollows:Section1.Theaboverecitalsaretrueandcorrect.Section2.PursuanttoSection2961oftheSpecialAssessmentInvestigation,LimitationandMajorityProtestActof1931(the“1931Act”),beingDivision4(commencingwithSection2800)ofthe4129-3812-4315.2A-i ExhibitACode,theCommissionherebydeclaresitsintenttocomplywiththerequirementsofthe1931ActbycomplyingwithPart7.5thereof.Section3.TheCommissionhasdesignatedaregistered,professionalengineerasEngineerofWorkforthisproject,andherebydirectssaidfirmtopreparethereportcontainingthemattersrequiredbySections2961(b)and10204oftheCode,assupplementedbySection4ofArticleXIIIDoftheCaliforniaConstitution.Section4.TheproposedboundarymapoftheAssessmentDistrictisherebyapprovedandadopted.PursuanttoSection3111oftheCode,theSecretaryoftheAuthorityisdirectedtofileacopyofthemapintheofficeoftheCountyRecorderoftheCountyofNevadawithinfifteen(15)daysoftheadoptionofthisresolution.Section5.TheCommissiondeterminesthatthecostoffinancingtheImprovementsand/orthepaymentoftheImprovementFeesshallbespeciallyassessedagainstthelots,piecesorparcelsoflandwithintheAssessmentDistrictbenefitingfromthefinancingoftheImprovementsand/orthepaymentoftheImprovementFees.TheCommissionintendstolevyaspecialassessmentuponsuchlots,piecesorparcelsinaccordancewiththespecialbenefittobereceivedbyeachsuchlot,pieceorparcelofland,respectively,fromthefinancingoftheImprovementsand/orthepaymentoftheImprovementFees.Section6.TheCommissionintends,pursuanttosubparagraph(f)ofSection10204oftheCode,toprovideforanannualassessmentuponeachoftheparcelsoflandintheproposedAssessmentDistricttopayvariouscostsandexpensesincurredfromtimetotimebytheAuthorityandnototherwisereimbursedtotheAuthoritywhichresultfromtheadministrationandcollectionofassessmentinstallmentsorfromtheadministrationorregistrationoftheimprovementbondsandthevariousfundsandaccountspertainingthereto.Section7.Bondsrepresentingunpaidassessments,andbearinginterestataratenottoexceedtwelvepercent(12%)perannum,willbeissuedinthemannerprovidedbytheImprovementBondActof1915(Division10oftheCode),andthelastinstallmentofthebondsshallmaturenottoexceedtwenty-nine(29)yearsfromtheseconddayofSeptembernextsucceedingtwelve(12)monthsfromtheirdate.Section8.TheprocedureforthecollectionofassessmentsandadvanceretirementofbondsundertheImprovementBondActof1915shallbeasprovidedinPart11.1thereof.Section9.NeithertheAuthoritynoranymemberagencythereofwillobligateitselftoadvanceavailablefundsfromitsortheirownfundsorotherwisetocureanydeficiencywhichmayoccurinthebondredemptionfund.AdeterminationnottoobligateitselfshallnotpreventtheAuthorityoranysuchmemberagencyfrom,initssolediscretion,soadvancingfunds.Section10.TheamountofanysurplusremainingintheimprovementfundafteracquisitionoftheImprovementsand/orpaymentofImprovementFeesandallotherclaimsshallbedistributedinaccordancewiththeprovisionsofSection10427.1oftheCode.Section11.TotheextentanyImprovementFeesarepaidtotheAuthorityincashwithrespecttopropertywithintheproposedAssessmentDistrictpriortothedateofissuanceofthebonds,theamountssopaidshallbereimbursedfromtheproceedsofthebondstothepropertyownerordeveloperthatmadethepayment.4129-3812-4315.2A-2 ExhibitAPASSEDANDADOPTEDbytheCaliforniaStatewideCommunitiesDevelopmentAuthoritythisdayof_____,20.I,theundersigned,anAuthorizedSignatoryoftheCaliforniaStatewideCommunitiesDevelopmentAuthority,DOHEREBYCERTIFYthattheforegoingresolutionwasdulyadoptedbytheCommissionoftheAuthorityatadulycalledmeetingoftheCommissionoftheAuthorityheldinaccordancewithlawon____,20By____________ ___ _______ ______AuthorizedSignatoryCaliforniaStatewideCommunitiesDevelopmentAuthority4129-3812-4315.2A-3 ExhibitAEXHIBITATOTHERESOLUTIONOFINTENTIONDESCRWTIONOFWORKThepaymentofdevelopmentimpactfeesleviedwithintheAssessmentDistrictand/orpubliccapitalimprovementstobeacquiredandownedbytheTruckeeDonnerPublicUtilityDistrictoranotherlocalagencyuponorforthebenefitofparcelswithintheAssessmentDistrict,fortheprojectknownas[ProjectNameJ,whichareauthorizedtobefinancedpursuanttotheMunicipalImprovementActof1913andastowhichtheownersoftheapplicableparcelswithintheAssessmentDistricthaveappliedforparticipationinSCIP,asmoreparticularlydescribedbelow.PAYMENTOFIMPACTFEESCAPITALIMPROVEMENTS**Capitcilimprovementsincludesfundingforincidentalcostsassociatedwiththecapitalimprovements,includingbittnotlimitedto,contingency,design,engineering,andconstructionmanagement[EndofFormofResolutionofIntentionJ4129-3812-4315.2A-4 ExhibitBEXHIBITBTOTHERESOLUTIONFORMOFACQUISITIONAGREEMENTCALIFORNIASTATEWDECOMMUNITIESDEVELOPMENTAUTHORITYSTATEWIDECOMMUNITYINFRASTRUCTUREPROGRAMACQUISITIONAGREEMENTBYANDBETWEENTRUCKEEDONNERPUBLICUTILITYDISTRICTAND[DEVELOPER]Datedasof_____ ___ ,20_4129-3812-4315.2B-i ACQUISITIONAGREEMENTRecitalsA.ThepartiestothisAcquisitionAgreement(the“Agreement”)aretheTRUCKEEDONNERPUBLICUTiliTYDISTRICT,(the“LocalAgency”),and[DEVELOPER],a[hereindicatetypeoflegalentityJ(the“Developer”).B.TheeffectivedateofthisAgreementis_________,20_.C.TheDeveloperhasappliedforfinancingofcertainpubliccapitalimprovements(the“AcquisitionImprovements”)andcapitalfacilitiesfeesthoughtheStatewideCommunityInfrastructureProgram(“SCIP”)administeredbytheCaliforniaStatewideCommunitiesDevelopmentAuthority(the“Authority”)andsuchapplicationhasbeenapprovedbytheLocalAgency.D.Theadministration,paymentandreimbursementofthecapitalfacilitiesfeesisagreedtobegovernedbytheprovisionsoftheSCIPManualofProceduresasitmaybeamendedfromtimetotime.Theadministration,paymentandreimbursementoftheAcquisitionImprovementsshallbeasprovidedherein.E.UnderSCIP,theAuthorityintendstoissuebondstofund,amongotherthings,alloraportionofthecostsoftheAcquisitionImprovements,andtheportionoftheproceedsofsuchbondsallocabletothecostoftheAcquisitionImprovementstobeconstructedandinstalledbytheDeveloper,togetherwithinterestearnedthereonpriortosuchacquisition,isreferredtohereinasthe“AvailableAmount”.F.SCIPwillprovidefinancingfortheacquisitionbytheLocalAgencyoftheAcquisitionImprovementsandthepaymentoftheAcquisitionPrice(asdefinedherein)oftheAcquisitionImprovementsfromtheAvailableAmount.AttachedheretoasExhibitAaredescriptionsoftheAcquisitionImprovements,whichdescriptionsaresubjecttomodificationbywrittenamendmentofthisAgreement,subjecttotheapprovaloftheAuthority.G.Thepartiesanticipatethat,uponcompletionoftheAcquisitionImprovementsandsubjecttothetermsandconditionsofthisAgreement,theLocalAgencywillacquiresuchcompletedAcquisitionImprovementswiththeAvailableAmount.H.AnyandallmonetaryobligationsoftheLocalAgencyarisingoutofthisAgreementarethespecialandlimitedobligationsoftheLocalAgencypayableonlyfromtheAvailableAmount,andnootherfundswhatsoeveroftheLocalAgencyshallbeobligatedtherefor.I.InconsiderationofRecitalsAthroughH,inclusive,andthemutualcovenants,undertakingsandobligationssetforthbelow,theLocalAgencyandtheDeveloperagreeasstatedbelow.B-24129-3812-4315.2 AgreementARTICLEIDEFINITIONS;ASSESSMENTDISTRICTFORMATIONANDFINANCINGPLANSection1.01.Definitions.Asusedherein,thefollowingcapitalizedtermsshallhavethemeaningsascribedtothembelow:“AcceptableTitle”meansfreeandclearofallmonetaryliens,encumbrances,assessments,whetheranysuchitemisrecordedorunrecorded,andtaxes,exceptthoseitemswhicharereasonablydeterminedbytheLocalAgencyEngineerinhissolediscretionnottointerferewiththeintendeduseandthereforearenotrequiredtobeclearedfromthetitle.“AcquisitionImprovements”shallhavethemeaningassignedtosuchterminRecitalCandaredescribedinExhibitA.“AcquisitionPrice”meanstheamountpaidtotheDeveloperuponacquisitionofalloftheAcquisitionImprovementsasprovidedinSection2.03.“ActualCost”meansthecostofconstructionofalloftheAcquisitionImprovements,asdocumentedbytheDevelopertothesatisfactionoftheLocalAgency,ascertifiedbytheLocalAgencyEngineerinanActualCostCertificate.“ActualCostCertificate”shallmeanacertificatepreparedbytheDeveloperdetailingtheActualCostofalloftheAcquisitionImprovementtobeacquiredhereunder,asrevisedbytheLocalAgencyEngineerpursuanttoSection2.03.“Agreement”meansthisAcquisitionAgreement,datedasof_____ __,20_.“AssessmentDistrict”meanstheassessmentdistrictestablishedbytheAuthoritypursuanttoSOPwhichincludestheDeveloperspropertyforwhichtheAcquisitionImprovementsarebeingfunded.“Authority”meanstheCaliforniaStatewideCommunitiesDevelopmentAuthority.“AvailableAmount”meanstheamountoffundsdepositedintheDeveloperAcquisitionAccountbytheAuthoritypursuanttoSCIP,togetherwithanyinterestearningsthereon.“Code”meanstheStreetsandHighwaysCodeoftheStateofCalifornia.“Developer”means[Developer],a[hereindicatetypeoflegalentity].“[Developer]AcquisitionAccount”meanstheaccountbythatnameestablishedbytheAuthoritypursuanttoSCWforthepurposeofpayingtheAcquisitionPriceoftheAcquisitionImprovements.B-34129-3812-4315.2 “LocalAgency”meanstheTruckeeDonnerPublicUtilityDistrict.“LocalAgencyEngineer”meanstheDirectorofPublicWorksoftheLocalAgency(the“Director”)orthedesigneeoftheDirector,whowillberesponsibleforadministeringtheacquisitionoftheAcquisitionImprovementshereunder.“Project”meansthelanddevelopmentprogramoftheDeveloperpertainingtotheDeveloper’spropertyintheAssessmentDistrict,includingthedesignandconstructionoftheAcquisitionImprovementsandtheotherpublicandprivateimprovementstobeconstructedbytheDeveloperwithinoradjacenttotheAssessmentDistrict.“SCIP”meanstheStatewideCommunityInfrastructureProgramoftheAuthority.“SCIPRequisition”meansarequisitionforpaymentoffundsfromthe[Developer]AcquisitionAccountinsubstantiallytheformattachedheretoasExhibitB.“SCIPTrustAgreement”meanstheTrustAgreemententeredintobytheAuthorityandtheSCIPTrusteeinconnectionwiththefinancingfortheAcquisitionImprovements.“SCIPTrustee”meansWilmingtonTrust,NationalAssociation,astrusteeundertheSCIPTrustAgreement.“TitleDocuments”means,foreachAcquisitionImprovementacquiredhereunder,agrantdeedorsimilarinstrumentnecessarytotransfertitletoanyrealpropertyorintereststherein(includingeasements)necessaryorconvenienttotheoperation,maintenance,rehabilitationandimprovementbytheLocalAgencyofthatAcquisitionImprovement(including,ifnecessary,easementsforingressandegress)andaBillofSaleorsimilarinstrumentevidencingtransferoftitletothatAcquisitionImprovement(otherthansaidrealpropertyinterests)totheLocalAgency,whereapplicable.Section1.02.ParticipationinSCIP.DeveloperhasappliedforfinancingthroughSCIPoftheAcquisitionImprovements,andsuchapplicationhasbeenapprovedbytheLocalAgency.DeveloperandLocalAgencyagreethatuntilandunlesssuchfinancingiscompletedbytheAuthorityandtheAvailableAmountisdepositedintheDeveloperAcquisitionAccount,neithertheDevelopernortheLocalAgencyshallhaveanyobligationsunderthisagreement.DeveloperagreestocooperatewiththeLocalAgencyandtheAuthorityinthecompletionofSCWfinancingfortheAcquisitionImprovements.Section1.03.DepositandUseofAvailableAmount.(a)UponcompletionoftheSCIPfinancing,theAvailableAmountwillbedepositedbytheAuthorityinthe[Developer]AcquisitionAccount.(b)TheAuthoritywillcausetheSCIPTrusteetoestablishandmaintainthe[Developer]AcquisitionAccountforthepurposeofholdingallfundsfortheAcquisitionImprovements.Allearningsonamountsinthe[Developer]AcquisitionAccountshallremaininthe[Developer]AcquisitionAccountforuseasprovidedhereinandpursuanttoSCW.Theamountsinthe[Developer]AcquisitionAccountshallbewithdrawnbytheLocalAgencyinB-44129-3812-4315.2 accordancewithSCIPproceduresuponcompletionoftheAcquisitionImprovementswithin30days(orassoonthereafterasreasonablypracticable)ofreceiptbytheLocalAgencyofthecertificationoftheLocalAgencyEngineerrequiredbySection2.03ofthisAgreement,andsubjecttosatisfactionofallotherconditionsprecedenttosuchacquisitionpursuanttoSection2.04ofthisAgreement,topaytheAcquisitionPriceofsuchcompletedAcquisitionImprovements,asspecifiedinArticleIIhereof.UponcompletionofalloftheAcquisitionImprovementsandthepaymentofallcoststhereof,anyremainingfundsinthe[DeveloperJAcquisitionAccount(lessanyamountdeterminedbytheLocalAgencyasnecessarytoreserveforclaimsagainstsuchaccount)(i)shallbeappliedtopaythecostsofanyadditionalimprovementseligibleforacquisitionwithrespecttotheProjectasapprovedbytheAuthorityand,totheextentnotsoused,thereafter(ii)shallbeappliedbytheAuthorityasprovidedinSection10427.1oftheCodetopayaportionoftheassessmentsleviedontheProjectpropertyintheAssessmentDistrict.Section1.04.NoLocalAgencyLiability;LocalAgencyDiscretion;NoEffectonOtherAgreements.InnoeventshallanyactualorallegedactbytheLocalAgencyoranyactualorallegedomissionorfailuretoactbytheLocalAgencywithrespecttoSCIPsubjecttheLocalAgencytomonetaryliabilitytherefor.Further,nothinginthisAgreementshallbeconstruedasaffectingtheDeveloper’sortheLocalAgency’sdutytoperformtheirrespectiveobligationsunderanyotheragreements,publicimprovementstandards,landuseregulationsorsubdivisionrequirementsrelatedtotheProject,whichobligationsareandshallremainindependentoftheDeveloper’sandtheLocalAgency’srightsandobligationsunderthisAgreement.ARTICLEIIDESIGN,CONSTRUCTIONANDACQUISITIONOFACQUISITIONIMPROVEMENTSSection2.01.LettingandAdministeringDesignContracts.ThepartiespresentlyanticipatethattheDeveloperhasawardedandadministeredorwillawardandadministerengineeringdesigncontractsfortheAcquisitionImprovementstobeacquiredfromDeveloper.AlleligibleexpendituresoftheDeveloperfordesignengineeringandrelatedcostsinconnectionwiththeAcquisitionIniprovements(whetherasanadvancetotheLocalAgencyordirectlytothedesignconsultant)shallbereimbursedatthetimeofacquisitionofsuchAcquisitionImprovements.TheDevelopershallbeentitledtoreimbursementforanydesigncostsoftheAcquisitionImprovementsonlyoutoftheAcquisitionPriceasprovidedinSection2.03andshallnotbeentitledtoanypaymentfordesigncostsindependentoforpriortotheacquisitionofAcquisitionImprovements.Section2.02.LettingandAdministrationofConstructionContracts.StatelawrequiresthatallAcquisitionImprovementsshallbeconstructedasiftheywereconstructedunderthedirectionandsupervisionoftheLocalAgency.Inordertoassurecompliancewiththoseprovisions,exceptforanycontractsenteredintopriortothedatehereof,DeveloperagreestocomplywiththeguidelinesoftheLocalAgencyforlettingandadministeringsaidcontracts.TheDeveloperagreesthatallsuchcontractsshallcallforpaymentofprevailingwagesasrequiredbytheLaborCodeoftheStateofCalifornia.Section2.03.SaleofAcquisitionImprovements.TheDeveloperagreestoselltotheLocalAgencytheAcquisitionImprovementstobeconstructedbyDeveloper(includinganyB-54129-3812-4315.2 rights-of-wayorothereasementsnecessaryfortheoperationandmaintenanceoftheAcquisitionImprovements,totheextentnotalreadypubliclyowned)whensuchAcquisitionImprovementsarecompletedtothesatisfactionoftheLocalAgencyforanamountnottoexceedthelesserof(i)theAvailableAmountor(ii)theActualCostoftheAcquisitionImprovements.ExhibitA,attachedheretoandincorporatedherein,containsalistofeachAcquisitionImprovement.AtthetimeofcompletionofeachAcquisitionImprovement,theDevelopershalldelivertotheLocalAgencyEngineerawrittenrequestforacquisition,accompaniedbyanActualCostCertificateandexecutedTitleDocumentsforthetransferoftheAcquisitionImprovement,wherenecessary.IntheeventthattheLocalAgencyEngineerfindsthatthesupportingpaperworksubmittedbytheDeveloperfailstodemonstratetherequiredrelationshipbetweenthesubjectActualCostandtherelatedAcquisitionImprovement,theLocalAgencyEngineershalladvisetheDeveloperthatthedeterminationoftheActualCost(ortheineligibleportionthereof)hasbeendisallowedandshallrequestfurtherdocumentationfromtheDeveloper.Ifsuchfurtherdocumentationisstillnotadequate,theLocalAgencyEngineermayrevisetheActualCostCertificatetodeleteanydisalloweditems,andsuchdeterminationshallbefinalandconclusive.IntheeventthattheActualCostisinexcessoftheAvailableAmount,theLocalAgencyshallwithdrawtheAvailableAmountfromthe[DeveloperJAcquisitionAccountandtransfersaidamounttotheDeveloper.IntheeventthattheActualCostislessthantheAvailableAmount,theLocalAgencyshallwithdrawanamountfromthe[DeveloperJAcquisitionAccountequaltotheActualCost,andshalltransfersaidamounttotheDeveloper.Anyamountsthenremaininginthe[Developer]AcquisitionAccountshallbeappliedasprovidedinSection1.03.InnoeventshalltheLocalAgencyberequiredtopaytheDevelopermorethantheamountondepositinthe[Developer]AcquisitionAccountatthetimesuchpaymentisrequested.Section2.04.ConditionsPrecedenttoPaymentofAcquisitionPrice.PaymentbytheLocalAgencytotheDeveloperfromthe[Developer]AcquisitionAccountoftheAcquisitionPriceforanAcquisitionImprovementshallbeconditionedfirstuponthedeterminationoftheLocalAgencyEngineer,pursuanttoSection2.03,thatsuchAcquisitionImprovementisallcompleteandreadyforacceptancebytheLocalAgency,andshallbefurtherconditioneduponpriorsatisfactionofthefollowingadditionalconditionsprecedent:(a)TheDevelopershallhaveprovidedtheLocalAgencywithlienreleasesorothersimilardocumentationsatisfactorytotheLocalAgencyasevidencethatthepropertywhichissubjecttothespecialassessmentliensoftheAssessmentDistrictisnotsubjecttoanyprospectivemechanicslienclaimrespectingtheAcquisitionImprovements.(b)Alldueandpayablepropertytaxes,andinstallmentsofspecialassessmentsshallbecurrentonpropertyownedbytheDeveloperorunderoptiontotheDeveloperthatissubjecttothespecialassessmentliensoftheAssessmentDistrict.(c)TheDevelopershallcertifythatitisnotindefaultwithrespecttoanyloansecuredbyanyinterestintheProject.(d)TheDevelopershallhaveprovidedtheLocalAgencywithTitleDocumentsneededtoprovidetheLocalAgencywithtitletothesite,right-of-way,oreasementuponwhichB-64129-3812-4315.2 thesubjectAcquisitionImprovementsaresituated.AllsuchTitleDocumentsshallbeinaformacceptabletotheLocalAgency(orapplicablegovernmentalagency)andshallconveyAcceptableTitle.TheDevelopershallprovideapolicyoftitleinsuranceasofthedateoftransferinaformacceptabletotheLocalAgencyEngineerinsuringtheLocalAgencyastotheinterestsacquiredinconnectionwiththeacquisitionofanyinterestforwhichsuchapolicyoftitleinsuranceisnotrequiredbyanotheragreementbetweentheLocalAgencyandtheDeveloper.EachtitleinsurancepolicyrequiredhereundershallbeintheamountequaltoorgreaterthantheAcquisitionPrice.Section2.05.SCIPRequisition.UponadeterminationbytheLocalAgencyEngineertopaytheAcquisitionPriceoftheAcquisitionImprovementspursuanttoSection2.04,theLocalAgencyEngineershallcauseaSCIPRequisitiontobesubmittedtotheProgramAdministrator.TheProgramAdministratorwillreviewtheSCIPRequisitionandforwarditwithinstructionstotheSCWTrusteeandtheSCIPTrusteeshallmakepaymentdirectlytotheDeveloperofsuchamountpursuanttotheSCIPTrustAgreement.TheLocalAgencyandtheDeveloperacknowledgeandagreethattheSCIPTrusteeshallmakepaymentstrictlyinaccordancewiththeSCWRequisitionandshallnotberequiredtodeterminewhetherornottheAcquisitionImprovementshavebeencompletedorwhattheActualCostsmaybewithrespecttosuchAcquisitionImprovements.TheSCIPTrusteeshallbeentitledtorelyontheSCIPRequisitiononitsfacewithoutanyfurtherdutyofinvestigation.ARTICLEIIIMISCELLANEOUSSection3.01.IndemnificationandHoldHarmless.TheDeveloperherebyassumesthedefenseof,andindemnifiesandsavesharmlesstheLocalAgency,theAuthority,andeachofitsrespectiveofficers,directors,employeesandagents,fromandagainstallactions,damages,claims,lossesorexpensesofeverytypeanddescriptiontowhichtheymaybesubjectedorput,byreasonof,orresultingfromorallegedtohaveresultedfromtheactsoromissionsoftheDeveloperoritsagentsandemployeesintheperformanceofthisAgreement,orarisingoutofanycontractforthedesign,engineeringandconstructionoftheAcquisitionImprovementsorarisingoutofanyallegedmisstatementsoffactorallegedomissionofamaterialfactmadebytheDeveloper,itsofficers,directors,employeesoragentstotheAuthority’sunderwriter,financialadvisor,appraiser,districtengineerorbondcounselorregardingtheDeveloper,itsproposeddevelopments,itspropertyownershipanditscontractualarrangementscontainedintheofficialstatementrelatingtotheSCIPfinancing(providedthattheDevelopershallhavebeenfurnishedacopyofsuchofficialstatementandshallnothaveobjectedthereto);andprovided,further,thatnothinginthisSection3.01shalllimitinanymannertheLocalAgency’srightsagainstanyoftheDeveloper’sarchitects,engineers,contractorsorotherconsultants.ExceptassetforthinthisSection3.01,noprovisionofthisAgreementshallinanywaylimittheextentoftheresponsibilityoftheDeveloperforpaymentofdamagesresultingfromtheoperationsoftheDeveloper,itsagentsandemployees.NothinginthisSection3.01shallbeunderstoodorconstruedtomeanthattheDeveloperagreestoindemnifytheLocalAgency,theAuthorityoranyofitsrespectiveofficers,directors,employeesoragents,foranynegligentorwrongfulactsoromissionstoactoftheLocalAgency,Authorityitsofficers,employees,agentsoranyconsultantsorcontractors.B-74129-3812-4315.2 Section3.02.Audit.TheLocalAgencyshallhavetheright,duringnormalbusinesshoursanduponthegivingoftendays’writtennoticetotheDeveloper,toreviewallbooksandrecordsoftheDeveloperpertainingtocostsandexpensesincurredbytheDeveloper(forwhichtheDeveloperseeksreimbursement)inconstructingtheAcquisitionImprovements.Section3.03.Cooperation.TheLocalAgencyandtheDeveloperagreetocooperatewithrespecttothecompletionoftheSCIPfinancingfortheAcquisitionImprovements.TheLocalAgencyandtheDeveloperagreetomeetingoodfaithtoresolveanydifferencesonfuturematterswhicharenotspecificallycoveredbythisAgreement.Section3.04.GeneralStandardofReasonableness.AnyprovisionofthisAgreementwhichrequirestheconsent,approvaloracceptanceofeitherpartyheretooranyoftheirrespectiveemployees,officersoragentsshallbedeemedtorequirethatsuchconsent,approvaloracceptancenotbeunreasonablywithheldordelayed,unlesssuchprovisionexpresslyincorporatesadifferentstandard.TheforegoingprovisionshallnotapplytoprovisionsintheAgreementwhichprovidefordecisionstobeinthesolediscretionofthepartymakingthedecision.Section3.05.ThirdPartyBeneficiaries.TheAuthorityanditsofficers,employees,agentsoranyconsultantsorcontractorsareexpresslydeemedthirdpartybeneficiariesofthisAgreementwithrespecttotheprovisionsofSection3.01.Itisexpresslyagreedthat,exceptfortheAuthoritywithrespecttotheprovisionsofSection3.01,therearenothirdpartybeneficiariesofthisAgreement,includingwithoutlimitationanyownersofbonds,anyoftheLocalAgency’sortheDeveloper’scontractorsfortheAcquisitionImprovementsandanyoftheLocalAgency’s,theAuthority’sortheDeveloper’sagentsandemployees.Section3.06.ConflictwithOtherAgreements.NothingcontainedhereinshallbeconstruedasreleasingtheDeveloperortheLocalAgencyfromanyconditionofdevelopmentorrequirementimposedbyanyotheragreementbetweentheLocalAgencyandtheDeveloper,and,intheeventofaconflictingprovision,suchotheragreementshallprevailunlesssuchconflictingprovisionisspecificallywaivedormodifiedinwritingbytheLocalAgencyandtheDeveloper.Section3.07.Notices.Allinvoicesforpayment,reports,othercommunicationandnoticesrelatingtothisAgreementshallbemailedto:IftotheLocalAgency:TruckeeDonnerPublicUtilityDistrict[AddresstoCome]IftotheDeveloper:[Developer][AddresstoCome]Eitherpartymaychangeitsaddressbygivingnoticeinwritingtotheotherparty.B-84129-3812-4315.2 Section3.08.Severability.IfanypartofthisAgreementisheldtobeillegalorunenforceablebyacourtofcompetentjurisdiction,theremainderofthisAgreementshallbegiveneffecttothefullestextentreasonablypossible.Section3.09.GoverningLaw.ThisAgreementandanydisputearisinghereundershallbegovernedbyandinterpretedinaccordancewiththelawsoftheStateofCalifornia.Section3.10.Waiver.FailurebyapartytoinsistuponthestrictperformanceofanyoftheprovisionsofthisAgreementbytheotherparty,orthefailurebyapartytoexerciseitsrightsuponthedefaultoftheotherparty,shallnotconstituteawaiverofsuchparty’srighttoinsistanddemandstrictcompliancebytheotherpartywiththetermsofthisAgreement.Section3.11.SingularandPlural;Gender.Asusedherein,thesingularofanywordincludestheplural,andtermsinthemasculinegendershallincludethefeminine.Section3.12.Counterparts.ThisAgreementmaybeexecutedincounterparts,eachofwhichshallbedeemedanoriginal.Section3.13.SuccessorsandAssigns.ThisAgreementisbindingupontheheirs,assignsandsuccessors-in-interestofthepartieshereto.TheDevelopermaynotassignitsrightsorobligationshereunder,excepttosuccessors-in-interesttothepropertywithintheDistrict,withoutthepriorwrittenconsentoftheLocalAgency.Section3.14.RemediesinGeneral.ItisacknowledgedbythepartiesthattheLocalAgencywouldnothaveenteredintothisAgreementifitweretobeliableindamagesunderorwithrespecttothisAgreementortheapplicationthereof,otherthanforthepaymenttotheDeveloperofany(i)moneysowingtotheDeveloperhereunder,or(ii)moneyspaidbytheDeveloperpursuanttotheprovisionshereofwhicharemisappropriatedorimproperlyobtained,withheldorappliedbytheLocalAgency.Ingeneral,eachofthepartiesheretomaypursueanyremedyatlaworequityavailableforthebreachofanyprovisionofthisAgreement,exceptthattheLocalAgencyshallnotbeliableindamagestotheDeveloper,ortoanyassigneeortransfereeoftheDeveloperotherthanforthepaymentstotheDeveloperspecifiedintheprecedingparagraph.Subjecttotheforegoing,theDevelopercovenantsnottosuefororclaimanydamagesforanyallegedbreachof,ordisputewhicharisesoutof,thisAgreement.[THERESTOFTHISPAGEINTENTIONALLYLEFTBLANKJB-94129-3812-4315.2 INWiTNESSWHEREOF,thepartieshaveexecutedthisAgreementasofthedayandyearwrittenabove.TRUCKEEDONNERPUBLICUTILITYDISTRICTBy[BoardPresident]ATTEST:[DistrictClerk]By[DEVELOPER],a[hereindicatetypeoflegalentity]By(Signature)(PrintName)B-1O4129-3812-4315.2 EXHIBITATOTHEACQUISITIONAGREEMENTDESCRIPTIONOFACQUISITIONIMPROVEMENTSANDBUDGETEDAMOUNTSACQUISITIONIMPROVEMENTSBUDGETEDAMOUNTS1.$2.3.4.4129-3812-4315.2B-i1 EXHIBITBTOTHEACQUISITIONAGREEMENTFORMOFSCIPREQUISITIONTo:BLXGroupLLCSCIPProgramAdministrator7775.FigueroaSt.,Suite3200LosAngeles,California90017Attention:VoNguyenFax:213-612-2499Re:StatewideCommunityInfrastructureProgramTheundersigned,adulyauthorizedofficeroftheTRUCKEEDONNERPUBLICUTILITYDISTRICTherebyrequestsawithdrawalfromthe[DEVELOPER]ACQUISITIONACCOUNT,asfollows:RequestDate:[InsertDateofRequest]NameofDeveloper:[Developer]WithdrawalAmount:[InsertAcquisitionPrice]AcquisitionImprovements:[InsertDescriptionofAcquisitionImprovement(s)fromEx.A]PaymentInstructions:[InsertWireInstructionsorPaymentAddressforDeveloper]Theundersignedherebycertifiesasfollows:1.TheWithdrawalisbeingmadeinaccordancewithapermitteduseofsuchmoniespursuanttotheAcquisitionAgreement,andtheWithdrawalisnotbeingmadeforthepurposeofreinvestment.2.Noneoftheitemsforwhichpaymentisrequestedhavebeenreimbursedpreviouslyfromothersourcesoffunds.3.IftheWithdrawalAmountisgreaterthanthefundsheldinthe[Developer]AcquisitionAccount,theSCWProgramAdministratorisauthorizedtoamendtheamountrequestedtobeequaltotheamountofsuchfunds.4.TotheextenttheWithdrawalisbeingmadepriortothedatebondshavebeenissuedonbehalfofSCIP,thiswithdrawalformservesasthedeclarationofofficialintentoftheTRUCKEEDONNERPUBLICUTILITYDISTRICT,pursuanttoTreasuryRegulations1.150-2,toreimbursewithrespectexpendituresmadefromtheDeveloperAcquisitionAccountlistedaboveintheamountlistedabove.TRUCKEEDONNERPUBLICUTILITYDISTRICTBy:____________4129-3812-4315.2B-l2 Title:____________________4129-3812-4315.2B-13