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HomeMy WebLinkAbout04/21/1992, 1C - APPROVAL OF AGREEMENTS FOR STATE WATER PROJECT I���N��MVNIIIIIII�IZIIIIINMEETING DATE: u c� o san'�t�rs osispo Aril 21 1992 91111010,mmmump COUNCIL AGENDA REPORT ITEM NUMBEF:/�/ FROM: William T. Hetland, Utilities Director �L 1 `(� SUBJECT: APPROVAL OF AGREEMENTS FOR STATE WATER PROJECT CAO RECOMMENDATION: Adopt Resolution authorizing the Mayor to execute Water Supply Agreement for State Water Project and the Water Treatment Plant and Local Facilities Agreement for 3000 afy and provide direction to staff to negotiate changes in the agreements. DISCUSSION This agenda report is the third step in the City's approval of the State Water Project (SWP). The first step authorized the City's further consideration to participate in the SWP. The second step certified the Coastal Branch and Local Facilities Environmental Impact Reports and made certain findings and conditions. This report will be the formal approval of the City's participation in the SWP by authorizing the execution of the following two required agreements: o Water Supply Agreement Between San Luis Obispo County Flood Control and Water Conservation District and the City of San Luis Obispo. o Water Treatment and Local Facilities Agreement By and Between San Luis Obispo County Flood Control and Water Conservation District and the City of San Luis Obispo. Attached as Exhibit A is the letter titled State Water Project Invitation for City to Participate from Mr. Clint Milne, County Engineer. WATER SUPPLY AGREEMENT The Water Supply Agreement is the agreement with the San Luis Obispo County Flood Control and Water Conservation District (District) for State water. An Executive Summary and the Agreement are attached as Exhibit B. The agreement is basically the same for each agency choosing to participate. By entering into this agreement, the City will receive a proportional share of the District's State water entitlement. In return, the City will pay its proportional share of the District's State Water costs. The costs are determined in the same manner as in the State's Standard Provisions for Water Supply Contracts. This will also include a cost for local administration by the District. This agreement requires the City to pay the District its share of costs whether or not the City receives any State Water. This is consistent with the District's obligation to the State. If there is a reduction in the amount of water delivered by the State Water Project, then the City would share proportionally in all delivery amounts. The agreement also has provisions for the use of project water. This use provision is one of the mitigation measures in the Local Projects EIR. Article 6 (b) Use of Project ����H,►�►�►��IIIIIiIIilllllll city of san Lacs oBispo COUNCIL AGENDA REPORT Approval of Agreements for State Water Project Page 2 Water requires each contractor to adopt a water management plan or program which shall demonstrate that State water will be first used to offset it's proportionate share of any groundwater basin overdraft. The City supports proper water resource management and a balancing of all water resources. It has demonstrated that by the adoption of a Water Management Plan, establishing a Water and Wastewater Management Element of the City's General Plan and annually reviewing its water resources in the Annual Water Operational Plan. Therefore, staff believes that this provision, which gives the District authority over the City in how it can use its water resources, is totally unnecessary as part of the agreement, since it is identified as a mitigation measure in the EIR. Because of the timing requirement to execute the agreement by May 15, 1992, Staff recommends that the Council authorize the staff to negotiate with the District for the removal of Article 6 (b) and for the Mayor to execute the final agreement. WATER TREATMENT AND LOCAL FACILITIES AGREEMENT The Water Treatment and Local Facilities Agreement is an agreement with the District which will provide for water treatment of the state water and the necessary local facilities. An Executive Summary and the Agreement are attached as Exhibit C. The District will enter into a contract with the Central Coast Water Authority to provide water treatment and local facilities for the State Water Project. The Central Coast Water Authority is a joint powers agency composed of water contractors in Santa Barbara County. By contracting with the CCWA it will be possible to achieve an economy of scale and, therefore, significant costs savings in financing, designing and construction of the treatment plant and local facilities. CCWA will finance and build the necessary water treatment plant and local facilities, while the District will own and operate the facilities, unless a separate agreement is enter into by the District and the City. The City will pay rates based on the City's pro rata share of fixed treatment costs and the City's share of variable operational costs. The City will also pay its pro rata share of the local facilities costs. The City will have to start paying costs at different times. Fixed treatment plant costs will have to be paid when debt service on the CCWA bonds commences. Fixed operation and maintenance costs commence just prior to completion of treatment plant and variable operations and maintenance costs commence just prior to delivery of water. After the first year of operation the fixed payments will be required on May 15 of each year, in advance, and variable costs will be paid quarterly, in advance. The City promises to set water rates at such levels to pay its obligations under the agreement. Additional restrictions on disposing of water systems, permitting competitive water systems in the City, maintaining the City water system, insurance, recording keeping and paying taxes are also include in the agreement. Z. • �����►�► ►Ilu►Illliiilp �lllllll city Of SanftaIS OBISPO ONS"" COUNCIL AGENDA REPORT Approval of Agreements for State Water Project Page 3 The agreement also includes what is called a "step up" provision. This provision allows the District to increase the City's payment by 25% to cover defaults of any other San Luis Obispo County contractor. This 25% increase allows the District to avoid being in default to CCWA and, therefore, gives the bond rating agencies and credit markets greater security. This should result in better interest rates for the bonds and lower rates to the City. Before the "step up" provision is applied, the other contractors will have the opportunity to assume the defaulting contractor's water. If the City had to make an additional payment, then the City would be entitled to its share of the defaulting contractor's water. FISCAL IMPACT The fiscal impact of approving these two agreements was included in the costs section of the State Water Project agenda report and is summarized here. Figure 1 shows a total cost of $608 per acre foot for the City of San Luis Obispo and assumes that the County will subscribe for 12,268 acre feet, 10,286 for agencies that sign SWP contracts and 2,000 of which is unallocated or reserved for some future water users. It also assumes that the City subscribes for 3,000 acre feet per year. The costs are broken down into the various components, including SWP both for existing delivery systems and the Coastal Branch, treatment and local facilities. These financial estimates were provided by the financial advisor for the project, Smith-Barney, and the assumptions were ones that they felt were conservative and representative. SUPPLY Coastal SWP Aqueduct TREATMENT DISTRIBUTION TOTAL Debt Service $ 27 $198 $105 $24 $354 Administration N/A N/A $ 3 N/A $ 3 Operation and Maintenance $ 23 $169 $ 59 N/A $251 TOTAL COST PER ACRE FOOT $ 50 $367 $167 $ 24 $606 City Share of Capital Costs $1,21.5,000 $9,020,000 $2,880,000 $727,000 $13,842,000 Figure 1 CITY OF SAN LUIS OBISPO - State Water Per Acre Foot Cost �����►�►�iillVllllllll � iI�IN City Of San LaIS OBISPO COUNCIL AGENDA REPORT Approval of Agreements for State Water Project Page 4 If the City subscribes for 3,000 acre feet per year of state water at $608 per acre foot, it will need to generate $1.8 million each year. This would result in a monthly cost requirement for an average single family resident of about $7.00 per month. This amount would decline over time as connection fees and more users are added to the system. The connection fee is to recover the cost of the SWP from new users as they connect to the City system and to reimburse the current rate payers over time. The City's current connection fee of $2,627.60 per single family equivalent is adequate to fully recover SWP costs. No increase in the connection fee would be required. SUMMARY For the City to obtain water from the SWP, it is necessary to execute the Water Supply Agreement and the Water Treatment and Local Facilities Agreement with the District. Both of these agreements are essentially the same that other participating agencies will enter into and are also consistent with the State's Standard Provisions of the State Water Contract. Other than the areas identified in this staff report, it is very unlikely that the District will make major changes in the agreement language. These agreements will provide the City certain protections in receiving state water and will obligate the City to certain covenants and payment requirements. Attachments: Resolution A Resolution of the San Luis Obispo City Council for Participation in the State Water Project Exhibit A -Letter of Invitation to Participate in the State Water Project . w/o enclosures Exhibit B - Executive Summary and Water Supply Agreement Exhibit C - Executive Summary and Water Treatment and Local Facilities Agreement P:\BILL\SWPAGEE.WP RESOLUTION NO. (1992 Series) A RESOLUTION OF THE SAN LUIS OBISPO CITY COUNCIL AUTHORIZING THE EXECUTION AND DELIVERY OF A WATER SUPPLY AGREEMENT AND A WATER TREATMENT AND LOCAL FACILITIES AGREEMENT AND AUTHORIZING CERTAIN OTHER ACTIONS WHEREAS, the City of San Luis Obispo is a Charter City duly organized and existing under the Constitution and laws of the State of California; WHEREAS, pursuant to the Ralph M. Brown Act constituting Chapter 9 of Part 1 of Division 2 of Title 5 (commencing with Section 54950) of the California Government Code this meeting was duly noticed; WHEREAS, the City of San Luis Obispo intends to enter into a water supply agreement (the "Water Supply Agreement") with the San Luis Obispo County Flood Control and Water Conservation District (the "District") and a water treatment and local facilities agreement (the "Water Treatment and Local Facilities Agreement") with the District. WHEREAS, a Final Environmental Impact Report, "State Water Project, Coastal Branch, Phase II, and Mission Hills Extension' (Coastal Branch EIR") has been certified by the State of California, Department of Water Resources, and all requirements of the California Environmental Quality Act ("CEQA') have been satisfied by the Coastal Branch EIR; and, WHEREAS, the City Council has made certain environmental evaluations, findings, determinations, and a statement of overriding considerations, for City participation in the State Water Project; and WHEREAS, Preliminary Design and a Final Environmental Impact Report, "State Water Project Coastal Branch (Phase II) Local Distribution Lines and Facilities" (SLO EIR") has been completed and certified by the District and all requirements of CEQA have been satisfied relating to the construction of the local distribution lines and facilities described in the SLO EIR; and, WHEREAS, it is the desire of the City of San Luis Obispo as a responsible agency to approve those portions of said local distribution lines and facilities which lie within the City's jurisdiction. NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: Section 1. Declaration of City Council. This City Council hereby specifically finds and declares that the actions authorized hereby constitute and are with respect to public affairs of the City, and that the statements, findings and determinations of the City set forth in the preambles above and of the documents approved herein are true and correct. Resolution No. (1992 Series) Section 2. Water SuRply Agreement.ement. The form of Water Supply Agreement, presented to this meeting and on file with the City Clerk is hereby approved. The Mayor and the City Clerk are each hereby authorized and directed to execute, acknowledge and deliver said Water Supply Agreement in substantially said form, with such changes therein as the City of San Luis Obispo may require or approve, such approval to be conclusively evidenced by the execution and delivery thereof. Section 3. Water Treatment and Local Facilities Agreement. The form of Water Treatment and Local Facilities Agreement, dated as of March 1, 1992, presented to this meeting and on file with the City Clerk is hereby approved. The Mayor and the City Clerk are each hereby authorized and directed to execute, acknowledge and deliver said Water Treatment Agreement in substantially said form, with such changes therein as the City of San Luis Obispo may require or approve, such approval to be conclusively evidenced by the execution and delivery thereof. Section 4. CEOA Compliance. The City Council hereby adopts and approves the certified Coastal Branch E1R and the certified SLA E1R and certifies that is has considered the Coastal Branch EkR and SLO EkR and the environmental effects of the facilities described therein, in reaching its conclusion to approve those portions of said local distribution lines and facilities which He within the City's jurisdiction and in malting its decision to enter into the Water Supply Agreement and Water Treatment Agreement described in this Resolution. The City Council hereby adopts as being true and correct the Findings, Conditions, and Statement of Overriding Considerations previously adopted and incorporates the same by reference herein. Section 5. Further Actions. The Mayor and City Administrator are hereby authorized to do any and all things, and to execute and deliver any and all documents, which they may deem necessary or advisable in order to give effect to and comply with the terms and intent of this resolution, the Water Supply Agreement, the Water Treatment Agreement and the SLA E1R and the Coastal Branch E1R. Section 6. Effective Date. This resolution shall take effect immediately upon its passage. PASSED AND ADOPTED this day of April, 1992, by the following vote: AYES: NOES: ABSENT: Mayor Attest: City Clerk Resolution No. (1992 Series) APPROVED: City trative Officer 1- Y. tiW44. 1 W Utilities Director EXHIBIT A - LUIS HIM COURT GSfl EPARTMEN COUNTY GOVERNMENT CENTER • ROOM 207 SAN LUIS OBISPO, CALIFORNIA 93408 1 CLINTON MILNE PHONE (805) 549-5252 FAX (805) 546-1229 ' County Engineer GLEN L.PRIDDY DEPUTY COUNTY ENGINEER ROADS NOEL KING TRANSIT SPECIAL DISTRICTS ADMINSTRATOR FLOOD CONTROL WATER CONSERVATION April 9, 1992 COUNTY SURVEYOR SPECIAL DISTRICTS City of San Luis Obispo P.O. Box 8100 San Luis Obispo, CA 93403 Attention: Bill Hetiand, Utilities Director Subject: State Water Project Invitation for City to Participate Honorable City Council: Based upon a request by the City Council in 1986 along with some 23 other agencies in San Luis Obispo County and 19 in Santa Barbara County, the Boards of Supervisors of the two counties requested the State Department of Water Resources to do the preliminary engineering studies and environmental work on the proposed completion of the Coastal Branch of the State Water Project The Environmental Impact Report (EIR) was completed and certified by the State in May, 1991. The San Luis Obispo County Flood Control and Water Conservation District did the preliminary engineering and the EIR for the local projects needed to take State Project water (a regional water treatment plant and spur lines to the proposed service areas in our County). The Local Projects EIR was certified by the Board of Supervisors on March 25, 1992. It is now time for further action by your City. If San Luis Obispo is going to participate in the State Water Project, your Council must execute two agreements with the San Luis Obispo County Flood Control and Water Conservation District One agreement is for participation in the State-owned facilities and the other for local facilities. This action must take place by May 15, 1992. Enclosed are copies of the Master Water Supply Agreement between the District and the State of California, the Master Water Treatment Agreement between the District and the Central Coast Water Authority, the proposed Water Supply Agreement between San Luis Obispo and the District, and the proposed agreement between San Luis Obispo and the District for local facilities. If San Luis Obispo chooses to participate then you should authorize the execution of the last two agreements. To assist you in your further action we have provided the following discussions of the issues we think are most important COST There are two categories of costs associated with the SWP, the State facilities and the local facilities needed to take State Project water. The following table shows cost estimates for a best case and a worst case scenario. The best case would result if full entitlements are taken by all those communities which have been included in the planning as reflected in the EIRs (State and Local Projects). The worst case assumes little participation by communities in this County but with Santa Barbara County communities participating. The State facilities include the State's dams, reservoirs, power plants, pump stations, aqueducts and the uncompleted portion of the Coastal Branch (which will consist of a buried pipeline, three pump stations and a hydroelectric power plant). The State facilities cost will be influenced relatively little by communities' participation or non-participation in this County (because Santa Barbara County represents such a large portion of the Coastal Branch). Commencement of costs would likely begin in fiscal year 1992-93. The following table shows estimates of projected costs through 1996-97. The estimates are subject to revision because we are not certain who the final participants will be. When such is known then the estimate can be re- evaluated and adjusted. After 1996-97 there would likely be minor increases of costs due to cost of living increases for the operation and maintenance part of the cost. The capital costs will remain fixed once all capital expenditures are made which are expected to have occurred by late 1996. The capital cost portion represents more than half of the cost in the early years. If inflation occurs at about 5% then you may expect your annual costs to increase at about 2 1/2%. The capital costs will all be repaid by the year 2035. For your information, were desalted ocean water to be used, you could expect costs to be in the order of four to five times higher than for State Project water. Although we do not yet have cost estimates for Nacimiento water, I suspect that for the City they may prove to be relatively close to the costs.of State water assuming that Nacimiento would also be designed for no "peaking" capacity (see the following Section on the matter of no °peaking°) and assuming that most other communities would be participating in the Nacimiento Project If "peaking" capacity is provided then the costs may be in the order of 1/5 greater. The following table has been developed on the basis that the City would take 3000/AF/yr. If the City desires to increase its subscription, such may be possible provided that appropriate environmental work.has been accomplished and with the approval of the Board of Supervisors. Should the City wish to increase its subscription, then please advise by May 15, 1992 so that we may present the matter for the Board's consideration (the Board would have to reserve an entitlement for the extra water until the environmental work is accomplished). 2 $ 0 0 0 0 s 0 N C O Lo r� m � 69 69 y O E9 d9 E9 Q m c m ¢.� c 0 O 0 p O O O O S O O p� 0 Cl) N m O v O et c LL r O O l2 r• CD ^ L [Y6 N LL 69 !d9 <A CD 0co r OO O O O O N C N O O O O O O W O ° m a Q CD CD U p U cc O N m (290 0 cc c LL NN j ? 3 O Q LA C 7 0 O m 69 a � y % o m Z c°3 m cl �a 69 69 . 0 0 S3 m m m CL O O E ClN d co J o LO i Q c O. U- 69 LLd c N m C l3 0 O cN 2m N p (p0 CD N N � O H v� v: 0 r N O O +,, b9 tC 'O c cmi Z C LO In Lp c 69 69 �_ c co < 0) � 7 H E N N O 8 8 y cC O O` 69 69 69 ztu�, y V LL 69 69 W LL O O A c m E IT co 0 co ri O Ln O w N 7 cv o r� ci C U c o c ~ C M M G my c v o 69 Efl 69 LO y 0) c Co C/) 8 p E O E O O 00 0) m m U) m J o cQ�i �a�fo[� o cc T C(`C E E -° \LV tA/ I� T T ` N U D CD LD 69 Q% T T E LL Q� .p O 69 69 C c �r OEL m �I =vi m Oi I Ld m OOm C oI� I I I rnI I 3 = o h Z Oi �i Si of O Li U � r N OPERATIONAL ISSUE (No 'Peakino In 1963, when negotiating the Master Water contract, this District executed the agreement with the provision that there will be no "peaking' capacity in the Coastal Branch [See Section 45(a) of Master Contract]. The reason for not providing'peaking" capacity is one of economics - it enables building a smaller pipeline thereby saving money. DWR plans some down time for maintenance so that even when all subcontractors are taking their full entitlements there will be enough capacity to provide full delivery in about an eleven-month period. Note also, that should the City participate in the State Water Project it must plan for 'down time" when the Coastal Branch or the spur lines serving the City are off for maintenance purposes. This should prove to be a rare occurrence. The City's other sources of water should accommodate this concern. RELIABILITY Temporay Reduction in Delivery Please see Section 18(a) in the Master Agreement During two critical drought periods in 1977 and then again in 1991 DWR temporarily reduced deliveries of SP water to urban water users. In 1977 there was a 10% reduction and in 1991 after five years of State-wide drought there was a 70% reduction. However, in both years supplemental water was acquired and delivered to State water contractors as needed. In 1991 Governor Wilson created a Drought Emergency Pool and almost 800,000 acre-feet of water was acquired for helping needy communities (not just SWP contractors but others who could be served through the State's water system). Such water could be purchased for $175 per acre-foot The plan was so successful that 550,000 acre-feet of water were purchased by needy communities and the SWP purchased the balance and placed it in storage for future use. The complete SWP system has not yet been finished. Except for the Coastal Branch, essentially all of the transportation facilities have been built and are operative. This is not the case for the facilities which provide the water. At the present time the SWP can provide about 2.4 million acre-feet per year as'a firm yield during a seven-year dry period. The State Water Project is able to deliver more water during normal and wet years. The 30 State water contractors ultimately have an entitlement of 4.2 million acre-feet per year (one contractor does not reach its full entitlement until the year 2019). The DWR is in various stages of planning and development of additional facilities to provide additional project yield; e.g., Delta pumping facilities, Delta improvements to enable the diversion of additional water during times of surplus to storage facilities south of the Delta, Kern Water Bank, and Los Banos Grandes Dam and Reservoir. Studies from the State's E.I.R. indicate that full municipal and industrial (M & 1) water entitlements can be delivered in 53 percent of the years and half or greater of the entitlements can be delivered in 95 percent of the years assuming existin State Water Project facilities and year 2000 water 4 demands of 3.7 million acre-feet of water per year. The reliability would increase with the planned additions to the State Water Project at the ultimate demand of 4.2 million acre-feet per year. Under these conditions, there would be full M & I entitlement delivery 70 percent of the years and 65 percent or greater delivery 95 percent of the years. Upon completion of the State Water Project, complete reliability is expected. The.City should keep this in mind if it contracts for State water. The reliability estimates can be translated into expected annual cost per acre-foot of State Project water delivered. If it is assumed that State water will cost San Luis Obispo $500/AF and 85 percent of this cost is fixed, then with the existing State Water Project facilities; in 53% of the years the cost will be $500/AF, in 42% of the years the cost will be between $500 and $887, and in 5% of the years the cost will be greater than $887. The long-term average unit cost with existing facilities will be between $510/AF and $630/AF. Planned but not yet constructed facilities will increase both the reliability and the cost of the State Water Project When the planned facilities are completed, it is expected that; in 70% of years the cost will be about $550/AF, in 25% of years the cost will be between $550/AF and $775/AF and in 5% of years the cost will be greater than $775/AF. The long-term average unit cost with planned facilities will be between $555/AF and $615/AF. The City should keep this in mind if it contracts for State water. Linking to the State water system provides flexibility that no local project presently provides. Take 1991, for example, had the City been able to take State Project water last year when the State cut deliveries to 30% but also made water available at$175/AF from the Governor's Drought Emergency Pool, the effective cost would have been: Fixed cost for 1 AF = (0.85)($500/AF) _ $ 425.00 Variable costs for 1 AF = (0.15)($500/AF) = 75.00 Drought Emergency Pool Water = (0.7 AF)($175/AF) = 122.50 Effective cost per AF $ 622.50 There will continue to be developed State Drought Emergency Pools as droughts occur. If it is assumed that, the current normal cost for State water is $500/AF, the project reliability is as stated above, and in critical drought situations, water can be made available at an additional $175/AF. Then with existing facilities the long-term average cost of 100% reliable water delivery will be $525/AF and with planned facilities the long-term average cost of 100% reliable water will be $565/AF. Please note that droughts in northern California - the source of the SWP water - and southern California normally show little correlation. The current five-year Statewide drought is pretty much unprecedented. Overall, dependability will be increased for all San Luis Obispo County contractors by taking State Project water, thereby linking up with a Statewide system permitting exchanges'of water during times of emergency. 5 Permanent Reductions in Delivery See Section 18(b) of the Master Contract Note that if the State is unable to develop facilities to provide full entitlements for all 30 State Water contractors, then the entitlements will be reduced commensurate with the minimum yield of the project In other words, if for some reason the State can develop facilities that will deliver only 90% of the entitlements, then the entitlements will be uniformly cut by 10% but the yearly entitlements will thereafter be dependable. We do not expect that permanent reductions will be necessary. General The Coastal Branch can improve overall reliability of water supplies in San Luis Obispo County by: (1) adding a new source of water, and (2) providing a link to a state-wide system would allow the County to participate in water banking or other exchanges of water during droughts. QUALITY State Project water is superior to all existing local supplies of water from the standpoint of total dissolved solids. Because it is a "surface" water supply it has suspended solids which must be removed by a water treatment plant just as is the case for Whale Rock Reservoir and Salinas Reservoir waters which are now sources of the City's water supply. Treatment is proposed as a joint venture with the Santa Barbara County interests with a regional water treatment plant to be located in the northeast portion of our County. State Department of Health Services regulations must be met before a water purveyor is permitted to serve drinking water. State Project water is now serving all or part of the water supply for 19 million Californians. TIMING/SUPPLY ALTERNATIVES The State Department of Water Resources by letter dated December 3, 1991 has triggered Section 45(c) of the Master Water Contract This means that final design will commence on June 3, 1992. The State has indicated that the Coastal Branch should be operational about four years from start of final design. It would be our goal that all local facilities be operational by the time the States facilities are operational. Undoubtedly the State Water Project could be brought on line some years sooner than the Nacimiento Project 6 , Desalting of sea water might be operational in about the same time frame as the State Water Project but it would prove very costly(four to five times as expensive as State Project water) and very energy intensive. ENVIRONMENTAL ISSUES There are two environmental impact reports which have been made available to the City; one by the State for the Coastal Branch of the State Water Project and the other by the San Luis Obispo County Flood Control and Water Conservation District for the Local Projects. These reports describe the environmental impacts and the proposed mitigation measures which must be implemented if the projects are to be built If the City is to participate in the State Water Project then it is recommended that the City: 1. Review and consider both final Environmental Impact Reports as a responsible agency. 2. Adopt Findings, Conditions and Statement of Overriding Considerations. 3. Approve agreements and authorize their execution. At a later date we will provide model resolutions for Items 1 and 2 to you for your consideration. SUMMARY We have covered the issues we think are most important to the City; namely, cost, the operational issue of summer "peaking" needs, reliability (both temporary and permanent), water quality and environmental impacts. Should you have any questions please contact any one of the following: Clinton Milne, County Engineer Glen Priddy, Deputy County Engineer - Engineering Services Noel King, Deputy County Engineer - Administration George Gibson, Hydraulic Planning Engineer Should you wish our attendance at a Council meeting, please advise. 7 If the City is to participate in the State Water Project we will need executed contracts by May 15, 1992. Respectfully, &G CLINTON MILNE County Engineer stw\slo.wlt.cmc Enclosures Agreements 1. Copy of the Master Contract between State and San Luis Obispo County Flood Control and Water Conservation District (SLOCFC & WCD) 2. Copy of Draft of Master Water Treatment Agreement between SLOCFC & WCD and Central Coast Water Authority (CCWA) 3. Copy of Execution Draft of Water Supply Agreement between SLOCFC & WCD and City 4. Copy of Draft of Water Treatment and Local Facilities Agreement between SLOCFC & WCD and City 8 -C-4. EXHIBIT B WATER SUPPLY AGREEMENT Executive Summary The Water Supply Agreement is the contract that the San Luis Obispo County Flood Control and Water Conservation District (District) will execute with each local entity (Contractor) within San Luis Obispo County that. desires to purchase a portion of the District's Project Water entitlement in the State Water Project. All local entities desiring to receive a part of the District's Project Water will execute a Water Supply Agreement and all of the Water Supply Agreements will be in essentially the same format and text. The basic concept of the Water Supply Agreement is simple. A local entity contracts to receive from the District an annual quantity of Project Water known as the entity's "Water Service Amount" . In return for the Water Service Amount, the local entity promises to pay to the District an annual sum known as the "Contractor's Annual Obligation". The "Contractor's Annual Obligation" is based on the same formula that the State uses to calculate the annual amount that the District has to pay the State for the District's entitlement to Project Water. Essentially, the Water Supply Agreement requires the local entity to pay its proportional share of the District's annual ' obligation to the State, plus the local entity's proportional share of the District's costs for administering the delivery of Project Water under the Water Supply Agreements. An important feature of the Water Supply Agreement is its requirement that Project Water be first used by a contracting local entity to cure any depletions and shortages in the local entity's groundwater and other supplies. The local entity is required to adopt a water management plan that shows . how the local entity intends to cure any such existing deficiencies and, also, how the local entity intends to prevent future water supply shortages and depletions. The Water Supply Contract is a "take or pay" contract. This means that the contracting local entity must pay its "Contractor's Annual Obligation" to the District whether or not the local entity actually takes delivery of Project Water. This is consistent with the District's obligation to pay the State whether or not the District takes delivery of Project Water. In the event there is a shortage in the amount of Project Water made available by the State to the District, the "Water Service Amounts" of each of the contracting local entities will be reduced proportionately during the time of the shortage. JMJ:ch 0809.ch Charge Code? WATER SUPPLY AGREEMENT BETWEEN SAN LUIS OBISPO COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT AND CITY OF SAN LUIS OBISPO This agreement, made this day of by and between the San Luis Obispo CountyoFl odTontrol an later onservation istrict, hereinafter referred to as "District°, and the City of San Luis Obispo, hereinafter referred to as the 'Contractor". WITNESSETH: WHEREAS, the District and the State of California, on February 26, 1963s entered into an agreement entitled "Water Supply Contract Between the State of California Department of Water Resources and San Luis Obispo County Flood Control and Water Conservation District," which agreement has been amended from time to time, whereby the State of California will furnish a water supply to the District; and WHEREAS, the lands and/or inhabitants of the Contractor are in need of additional water for municipal use and other beneficial uses; and WHEREAS, because certain communities within the County of San Luis Obispo who desire to contract with the District for a water supply are now subject to water resource constraints and could, on receipt of said water supply, experience an increased rate of population growth, and, because certain of said communities are presently overdrafting their groundwater basins, this agreement requires that the governing body of each water purveyor accepting SWP water shall adopt a water management plan or program, the goal of which shall be to demonstrate that its project water shall be used first to offset its proportionate share of groundwater basin overdraft, if any, and to improve water quality for its consumers, if appropriate, and to provide an appropriate reserve available for a period of reduced water supply before being made available for other purposes. Such commitment may be manifested. by the adoption of an ordinance or by the adoption of a resolution or by the adoption of a water management plan or program which brings its proportionate share of groundwater supply and demand into balance; and WHEREAS, the Contractor desires to contract with the District for a water supply to be for the use and benefit of the inhabitants and lands of the Contractor and for which the Contractor will make payment to the District upon the terms and conditions hereinafter set forth; WHEREAS, the District desires to make water available to Contractor, and others, under terms and conditions which are fair and equitable to .all such entities and persons and consistent with the said "Water Supply Contract Between the State of California Department of Water Resources and San Luis Obispo County,: Flood Control and Water Conservation District." NOW, THEREFORE, IT IS HEREBY MUTUALLY AGREED by District and Contractor as follows: Article 1. Definitions. (a) "Master Contract" shall mean that agreement entitled "Water Supply Contract Between the State of California Department of Water Resources and the San Luis Obispo County Flood Control and Water Conservation District," dated February 26, 1963, and all amendments thereto. (b) 'Project Water" shall mean all water, including District's Entitlement Water and District's Surplus Water, made available to the District by the State of California pursuant to the Master Contract. (c) 'District's Entitlement Water" shall mean that part of the Project Water set forth in Table 'A' of the Master Contract for San Luis Obispo County Flood Control and Water Conservation District. (d) 'District's Surplus Water" shall mean that Project Water made available to District pursuant to the provisions of Articles 21 and 46 of the Master Contract. (e) 'Contractor's Water Service Amount' shall mean that amount of District's Entitlement Water which District shall provide to Contractor during the term of this agreement and, specifically, in the amounts and at the times set forth in Article 6 and Article 8 of this agreement. (f) 'Year" shall have the same meaning as the word "year" in the Master Contract. (g) Year of initial water delivery" shall mean the year when District's Project Water is first available for delivery to the Contractor pursuant to the terms of this agreement. (h) "Municipal use" shall mean all those uses of water usual to the municipal water supply of a city, town, or other similar population group, including uses for domestic purposes, uses for the purposes of commerce, trade . or industry, and any other use incidental thereto for any beneficial purpose. (i) 'Repayment Reach' or 'reach" shall mean reaches of the California Aqueduct designated by the Department of Water Resources for purposes of repayment of Project Transportation Facilities by District and other water contractors under the Master Contract. (j) 'Other agency' or 'other subcontractor' shall mean any other public . water distribution agency having the power to do so, which executes a contract with the District for the purchase of a water supply from District's Project Water. (k) 'District Administrative Costs' are the labor, equipment, materials and overhead costs of the District which are associated with the service of providing Project Water to Contractor under this agreement and to other agencies under similar agreements. ' 1 2 /-y 9 (1) "Central Coast Water Authority" shall mean and is a joint exercise of powers agency duly organized and validly existing under the Constitution and laws of the State of California. Article 2. Term. This agreement shall become effective on the date first above written and shall remain in effect throughout the term provided by Article 2 of the Master Contract; provided, that whenever the Master Contract is terminated or suspended in the manner and for a cause specified in the Master Contract, this contract shall also be terminated or suspended. Article 3. Option for Continued Service. By written notice delivered to District at least nine (9) months prior to the expiration of the term of this agreement, Contractor may elect to receive continued service after expiration of said term and under the conditions set forth in Article 4 of the Master Contract. Article 4. Relationship to Master Contract. Contractor acknowledges and agrees that this agreement is subject to the obligations and limitations imposed on District by the Master Contract and all existing and future amendments to the Master Contract and is intended to be in conformance and harmony with it. The Contractor hereby expressly agrees to the provisions of the Master Contract and all existing and future amendments thereto and further expressly agrees that nothing in this agreement shall be deemed to require the District to perform an obligation in conflict with the Master Contract. Contractor further agrees that District's rights to enter into amendments to the Master Contract is not, and shall not be restricted or impaired, in any way, by this agreement. Article S. Service Agreement. Parties agree that this is an agreement for service, and only contractual rights are created by this agreement, and that it does not create an entitlement to, nor does it convey to the Contractor any property right or interest in District's Project Water. Article 6. Contractor's Water Service Amount and Use of Project Water. (a) Contractor's Water Service Amount Commencing with the year that District first makes Project Water available for delivery to Contractor under this agreement, and subject to the shortage provisions of Article 10 of this agreement, District each year shall make available for delivery to the Contractor acre feet of Project Water which amount is referred to in this agreement as tTie 7ontractor's Water Service Amount. 3 4 (b) Use of Project Water Contractor shall adopt a water management plan or program, which shall demonstrate that its project water shall be used first to offset its proportionate share of groundwater basin overdraft, if any, and to improve water quality for its consumers, if appropriate, and to provide an appropriate reserve available for a period of reduced water supply before being made available for other purposes. Such commitment shall be manifested by the adoption of an ordinance or by the adoption of a resolution or by the adoption of a water management plan or program which brings its proportionate share of groundwater supply and demand into balance. Article 7. Measuring Devices: Treatment Facilities_._ (a) Measuring Devices. The District shall be responsible for the measuring of the amounts of all Project Water delivered to the Contractor and shall keep or cause to be kept accurate records thereof. For this purpose, the District shall install, operate, and maintain at all turnouts for delivery of Project Water to the Contractor such measuring devices and equipment as are satisfactory and acceptable to both District and Contractor, except that where measuring devices and equipment to be installed, operated and maintained by the State of California pursuant to the Master Contract will be sufficient for the measurement of Project Water delivered to the Contractor, the District need not duplicate such facilities and the parties hereto agree to accept the measurements and records of the State of California in such cases. Any measuring devices and equipment installed, operated and maintained by the District shall be examined, tested and serviced regularly to insure their accuracy. At any time or times, the Contractor or any other subcontractor may inspect such measuring devices installed, operated and maintained by the District and the measurements and records taken therefrom. Contractor shall pay to District all of the costs incurred by District for those said measuring devices reasonably necessary for measuring the delivery of Project Water to Contractor (b) Water Treatment. - The treatment of project water supplied to Contractor hereunder shall be accomplished by the Central Coast Water Authority and pursuant to and- in accordance with the provisions of that certain agreement between the District and Contractor which agreement is entitled "Water Treatment and Local Facilities Agreement." Upon notice to the District by the Central Coast Water Authority that Contractor has failed to make any payment, which failure the Central Coast Water Authority certifies constitutes a default under the said "Water Treatment and Local Facilities Agreement", the District shall discontinue water service and the delivery of project water to *Contractor hereunder and District shall not recommence water service or the delivery of project water to the Contractor until the Central Coast Water Authority gives written notice to District that such default has been cured. 4 Article 8. Location and Rate of Delivery of Contractor's Water Service Amount. Contractor's Water Service Amount shall be made available for delivery to the Contractor at the locations and rates hereinafter specified: (a) The location and maximum instantaneous flow capacity to be provided in each delivery structure shall be: Location: Reach No. Maximum instantaneous flow capacity: cubic feet per second (b) The maximum amount of water to be delivered by District to Contractor in any one month through the State's transportation facilities shall not exceed - acre-feet. (c) Procedure for Determining Water Delivery Schedule. The amounts, times, and rates of delivery of Contractor's Water Service Amount to the Contractor during any year shall be in accordance with a District water delivery schedule for that year, with such schedule to be determined in the following manner: (1) On or before September 1 of each year, the Contractor shall submit in writing to the District a preliminary water delivery schedule, subject to the provisions of. this Article, Article 6, and Article 9, indicating the amounts of Project Water desired by the Contractor during each month of the succeeding five years (5) years. (2) Upon receipt of said preliminary schedule, the District shall review it and, after consultation with the Contractor, shall make such modifications in it as it deems necessary to insure that the amounts, times, and rates of delivery to the Contractor will be consistent with the District's receipt of Project Water from the State of California pursuant to the Master Contract, considering the then current delivery schedules of all subcontractors; provided that the District shall not make any such modification which would provide for the delivery of water to the Contractor in any month in excess of the Contractor's total water demand for that month, or 8.333 percent of the Contractor's Water Service Amount for that year, whichever is the lesser. On or before December 15 of each year, after the District has been furnished a water delivery schedule from the State of California, pursuant to the terms of Article 12 of the Master Contract, the District shall determine and furnish to the Contractor a water delivery schedule for the. next succeeding year which shall show the amounts of Project Water to be delivered to the Contractor during each month of that year. (3) The water delivery schedule may be amended by the District upon the District's initiative or upon the Contractor's written request. Proposed amendments shall be submitted by the s Contractor within a reasonable time before the desired change is to become effective, and shall be subject to review and modification by the District in like manner as the schedule itself. The District shall approve all requests for changes in delivery from one delivery structure to another when there is sufficient capacity available in the transportation facilities, considering the then current delivery schedules of all subcontractors; provided, that the Contractor agrees to pay all increased costs incurred by the District as a result of such change. (4) In the event that the dates provided for in Article 12 of the Master Contract are changed by amendment to the Master Contract, the dates provided for in this agreement shall also be automatically changed so that they have the same relative time span as they now have with those in the Master Contract. (d) Temporarily Exceeding Limit on Peak Deliveries of Water. While District is not required to deliver to the Contractor in any one month of any year a total amount of Project Water greater than eight and one- third percent (8.333%) of the Contractor's Water Service Amount for that year; however, in the event deliveries required to be made by the District to other agencies permit a higher monthly rate of delivery to the Contractor without the District exceeding the limitations imposed on the District by the State of California in the Master Contract, then the District shall have the discretion to temporarily exceed the maximum monthly deliveries provided for herein. (e) Limitation of Rate of Delivery to Contractor. In no event shall the District be obligated to deliver water to the Contractor through all delivery structures at a total combined instantaneous rate of flow exceeding cubic feet per second. Article 9. Limitations on Obligation of District to Furnish Water. (a) Notwithstanding any provisions of this agreement to the contrary, the obligation of the District to furnish water hereunder shall be limited to the times and to the extent that water and facilities necessary for furnishing the same are available to the District pursuant to the Master Contract. Further, District shall have no obligation to Contractor to deliver Project Water at any particular head or pressure. (b) The District shall not be liable for the failure to perform any portion of this agreement to the extent that such failure is caused by the failure of the State of California to perform any obligation imposed on the State of California. by the Master Contract; provided, that to the extent that the District's obligations to the State are reduced by such failure on the part of the State, the District shall make appropriate reductions in the obligations of the Contractor under this agreement; provided further, that the District shall diligently and promptly pursue all rights and remedies available to it to enforce the rights of the District against the State of California under the Master Contract relative to such failure to perform and, provided further, that the 6 c costs and expenses incurred by District in the enforcement or attempted enforcement of said rights under the Master Contract shall be considered to be Administrative costs under this agreement. Article 10. Water Shortages (a) No Liability for shortages. There may occur from time to time a shortage or shortages in the quantity of Project Water available to the District pursuant to the Master Contract and for furnishing to the Contractor pursuant to this agreement. In any such event no liability shall accrue against the District or any of its respective officers, agents or employees for any damage, direct or indirect, arising from such shortage or shortages. (b) Temporary Shortages; Delivery Priorities. In any year in which there may occur a shortage, due to any cause, in the supply of Project Water available to the District with the result that there is insufficient Project Water available to District for District to provide to Contractor the Contractor's Water Service Amount, then District shall reduce deliveries to each subcontractor in an amount which bears the same proportion to the total amount of such reduction that the subcontractor's Water Service Amount bears to the total of all of the Contractor Water Service Amounts of all subcontractors for that year, all as determined by the District; provided, that the District may apportion on some other basis if such is required to meet minimum demands of any Contractor(s) for domestic supply, fire protection, or sanitation during the year. (c) Permanent Shortage. In the event that because of a permanent shortage in the supply of Project Water available for delivery to the District there is an amendment of Table A of the Master Contract with the result that the annual supply of District's Entitlement Water is less than the total of Contractor's Water Service Amount plus the water service amounts of all other Contractors, then Contractor's Water Service Amount and the Water Service Amount of all other subcontractors shall be reduced proportionately by the District to the extent necessary so that the sum of the reduced Contractor's Water Service Amount plus the reduced Water Service Amount of all other subcontractors will then equal such reduced annual supply of District's Entitlement water to be made available to the District by the State of California. (d) Reinstatement of Reductions in Water Service Amounts. If after any reduction of annual supply of District's Entitlement Water, pursuant to subdivision (c) of this Article, there is an amendment.to Table A of the Master Contract which increases the annual supply of District's Entitlement Water, then the District shall, with the consent of the Contractor and to the extent possible, increase the previously reduced Contractor's Water Service Amount, in proportion to the water service amounts of all other subcontractors, 7 up to an amount equal to, but not exceeding the amount provided for in Article 6 of this agreement. (e) Advance Notice of Delivery Reduction. The District shall give the Contractor written notice, as far in advance as District reasonably may, of any reduction in deliveries to Contractor under subdivision (b) or subdivision (c) of this Article. Article 11. Curtailment of Delivery for Maintenance Purposes. The State of California or the District may temporarily discontinue or reduce the amount of Project Water to be furnished to the Contractor during such time as the State or District are maintaining, repairing, replacing, investigating or inspecting, any of the facilities necessary for the furnishing of water to the Contractor. Insofar as it is feasible, the District shall give the Contractor notice in advance of any such temporary discontinuance or reduction, except in the case of emergency, in which case no notice need be given. In the event of such discontinuance or reduction, the District will upon resumption of service, deliver, as nearly as may be feasible, and to the extent water is furnished to it by the State of California, the quantity of Project Water which would have been furnished to the Contractor in the absence of such discontinuance or reduction. Article 12. Responsibilities for Delivery and Distribution of Water. Neither the District nor its officers, agents or employees shall be liable for the control, carriage, handling, use, disposal, or distribution of Project Water supplied to the Contractor after such water has passed into the Contractor's delivery structures, nor for claim of damages of any nature whatsoever, including but not limited to property damage, personal injury or death, arising out of or connected with the control, carriage, handling, use, disposal or distribution of such water beyond said delivery structure; and the Contractor shall defend, indemnify and hold harmless the District and its officers, agents and employees from and against any such damages or claims of damages. Article 13. Quality of Project Water Delivered. Contractor acknowledges and agrees that inasmuch as District will neither operate nor control the sources, delivery facilities, or the water treatment facilities for the Project Water, the District shall not be responsible for the quality of the Project Water furnished to Contractor pursuant to this agreement. Article 14. Payment for Water Service. . (a) Contractor's Annual Obligation. In addition to the other payments to District by Contractor provided for herein, the Contractor shall pay to District each year during the term of this agreement a sum which shall consist of the total of the following, and which is referred to herein as Contractor's Annual Obligation: 8 t (1) Delta Water Charge Reimbursement. The Contractor shall reimburse District for a portion of the District's annual Delta Water Charge, as defined in the Master Contract. Contractor's reimbursement amount shall be the product of the Delta Water rate for the respective year times the amount of the Contractor's Water Service Amount specified in Article 6. (2) Transportation Charge. (i) Capital Cost Component Reimbursement. The Contractor shall reimburse District for a portion of the District's annual Transportation Capital Charge, as defined in the Master Contract, for each repayment reach in which the Contractor has been provided capacity by the District, as determined by the District. The Contractor's percentage reimbursement shares of the District's Transportation Capital Charge, by repayment reach, are as follows: Repayment Reach Contractor' Reimbursement Share N) 1 through 33A 34 35 (ii) Transportation Minimum Operation Maintenance, Power and Replacement Component (Minimum OMP&R) Reimbursement. The Contractor shall reimburse District for a portion of the District's annual Transportation Minimum OMP&R Charge (Minimum OMP&R), as defined in the Master Contract, for each repayment reach in which the Contractor has been provided capacity, as determined by the District. The Contractor's percentage reimbursement shares of the District's Minimum OMP&R Charge, by repayment reach, are as follows: 9 Repayment Reach Contractor's Reimbursement Share (%) 1 through 33A 34 35 (iii) Variable Operation, Maintenance, Power and Replacement Charge (Variable OMP&R) Reimbursement. The Contractor shall reimburse District for a portion of the District's Variable OMP&R charge, as defined in the Master Contract, which shall be the product of the acre-feet of Project Water scheduled to be delivered during the respective year to the Contractor from or through said reach multiplied by the District's estimate of the charge per acre-foot to be made by the State to the District for said year for the Variable OMP&R component of the Transportation Charge applicable to transporting water through said reach. (iv) Off-Aqueduct Power Facilities Reimbursement. The Contractor shall reimburse District for its portion of the annual Off-Aqueduct Power Facilities charge to be paid by the District to the State, as defined in the Master Contract. Contractor's reimbursement share shall bear the same proportion to the District's annual Off- Aqueduct Power Facilities charge as the estimated electrical energy (kilowatt-hours) required to pump through project transportation facilities the Contractor's Water Allocation for that year, [as submitted pursuant to Article 8(c) (1) and as may be modified by the District pursuant to Article 8(c) (2)] bears to the total estimated electrical energy (kilowatt-hours) required to pump all such amounts for all Contractors through project transportation facilities for that year, all as determined by the District. (3) Revenue Bond Surcharge Reimbursement. The Contractor shall pay to the .District its proportionate share as calculated by the District, of the annual Revenue Bond Surcharge to be paid by the District to the State. (4) Administrative Cost Reimbursement. The Contractor shall reimburse District for a portion of the District's administrative costs 10 /-e-a associated with delivery of State Project Water under this agreement. The Contractor's* share of the administrative costs shall be based upon the percentage of the Transportation Capital Cost component that the Contractor pays. This percentage multiplied by the total administrative cost shall be the Contractor's share of the administrative costs. (b) Time of Payment. Commencing with the year the Contractor shall pay to the District, either within 10 days a ter receipt by it of an annual statement from the District setting forth the Contractor's annual obligation or on January 1 of each year, whichever is later, sixty percent (60%) of its annual obligation. The Contractor shall pay the remainder of such annual obligation on or before July 1 of that year. (c) Adjustments in Contractor's Annual Obligation. At the end of each year the Contractor's annual obligation shall be recalculated by substituting as soon as possible the actual charges made by the State Department of Water Resources to the District for the variable operation, maintenance, power, and replacement components of said Delta Water Charge and Transportation Charge and the Off-Aqueduct Power Facilities charge for the District's estimates of these charges and the actual quantities of water delivered for any scheduled quantities used in calculating the annual obligation pursuant to the provisions of subdivision (a) of this Article. Any adjustment in the Contractor's payments required to reflect this recalculation shall be made in the Contractor's first payment to District due after said recalculation. Interest rates used in the computation of these adjustments shall be the same as those used by the State Department of Water Resources in the adjustments made for the District's obligation for that year. (d) Additional Deliveries. In the event that the Contractor requests the delivery during any year of Project Water in addition to the quantities set forth in Article 6 hereof and to the extent that other Contractors have requested less than their total annual water allocations, District may provide such requested additional Project Water to the Contractor. For such additional Project Water, the Contractor shall pay in advance of the delivery of such additional Project Water an amount to be determined as follows: (1) For any such additional Project Water delivered to the Contractor, the Contractor shall pay for each acre-foot the applicable unit charges for the Variable Operation, Maintenance, Power and Replacement component of the Transportation Charge, the Off-Aqueduct Facilities charge attributable to such water, and one- half of the Delta Water rate times the amount of additional Project Water. 11 (e) Reduced Deliveries. Upon reasonable notice to the District that the Contractor will not take all of Contractor's Water Service Amount for any year, the District shall adjust the payment required by the Contractor for such water as provided in Article 14(c), above. To the extent that deliveries so reduced are delivered to other subcontractors pursuant to Article 14(d) above, the District may reduce the Delta Water Charge to the Contractor in the amount of one-half of the Delta water rate times the amount of water so reduced, as determined by the District; however, Contractor shall otherwise pay to District the Contractor's annual obligation. Article 15. Default; Suspension of Service. In the event of any default by the Contractor in the payment of any money required to be paid to the District hereunder, the District in its discretion may suspend delivery of Project Water during the period when the Contractor is delinquent in its payment for or obligations due to the District under the terms of this agreement; provided, that during any such period of delinquency or suspension the Contractor shall remain obligated to make all payments required undef this agreement. Action taken pursuant to this Article shall not deprive the District of or limit any remedy provided by this agreement or by for the recovery of money due or which may become due under this agreement. Article 16. Interest on Overdue Payments. Upon each charge to be paid by the Contractor to the District pursuant to this agreement which remains unpaid after the same shall have become due and payable, interest shall accrue at an annual rate equal to that earned by the District on its funds invested through the County of San Luis Obispo by the County Treasurer calculated monthly on the amount of such delinquent payment from and after the due date when the same becomes due until paid, and the Contractor hereby agrees to pay such interest; provided, that no interest shall be charged to or be paid by the Agency unless such delinquency continues for more than (30) days. In addition, Contractor shall reimburse District for all of District's costs, expenses, and personnel costs and other overhead incurred in the collection of any past due payments owed by Contractor to District. Article 17. Obligation of Contractor to Make Payment (a) Character of Obligation. The obligation of the Contractor arising out of or pursuant or incidental to this agreement including, without limiting the generality of the foregoing, the obligations of the Contractor to pay to the District the sums becoming due the District for water furnished hereunder, shall constitute a general obligation . of the Contractor and the Contractor shall use all the powers and resources available to it under the law to collect the funds necessary for and to pay its obligations to the District under this contract including levying and collecting all necessary taxes, assessments and charges. The Contractor as a whole is obligated to pay to the District the payments becoming due under this agreement, notwithstanding any individual default by its water users. constituents or others 12 , in the payment to the Contractor of assessments, tolls, or other charges levied by the Contractor. (b) Refusal of Water Does Not Affect Obligation. The Contractor's failure or refusal to accept delivery of Project Water under this agreement shall in no way relieve the Contractor of its obligation to make payments to the District except to the extent provided under Article 14 (e) hereof. Article 18. Area Served by Contractor Project Water delivered to the Contractor pursuant to this agreement shall not be sold or otherwise disposed . of by the Contractor for use outside the District. Article 19. Remedies not Exclusive. The use by either party of any remedy specified herein for the enforcement of this agreement is not exclusive and shall not deprive the party using such remedy of, or limit the application of, any other remedy provided by law. Article 20. Amendments. This agreement may be amended at any time by mutual agreement of the parties, except insofar as any proposed amendments are in any way contrary to applicable law or inconsistent with the provisions of the Master Contract. The District shall make available to the Contractor at all times during the normal hours of business at the District offices for the Contractor's inspection copies of all agreements now or hereafter executed by the District with all other subcontractors or the State of California and of any amendments thereof. Article 21. Opinions and Determinations. Where the terms of this agreement provide for action to be based upon opinion, judgment, approval , review, or determination of either party hereto, such terms are not intended to be and shall never be construed as permitting such opinion. judgment, approval , review or determination to be arbitrary, capricious, or unreasonable. Article 22. Waiver of Rights. Any waiver at any time by either party hereto of its rights with respect to a default or any other matter arising in connection with this agreement, shall not be deemed to be a waiver with respect to any other default or matter. Article 23. Notices. All notices that are required either expressly or by implication to be given by either party to the other under this agreement shall be signed for the District and for the Contractor by such officers as they may, from time to time, authorize in writing to so act. All such notices shall be deemed to have been 13 given and delivered if delivered personally or if enclosed in a properly addressed envelope and deposited in a United States Post Office for delivery by registered or certified mail . Unless and until formally notified otherwise, all notices shall be addressed to the parties at their addresses as shown on the signature page of this agreement. Article 24. Assignment. The provisions of this agreement shall apply to and bind the successors and assigns of the respective parties, but no assignment or transfer of this agreement, or any part hereof or interest herein, shall be valid until and unless approved by the District. Article 25. Contractor to Keep Books. Records and Other Data. The Contractor shall establish and maintain accounts and other books and records sufficient to enable the District to furnish to the State of California reports and statements, to such extent and in such manner and form as may be prescribed by the District and the State of California pursuant to the terms of this agreement and the Master Contract. Reports required to be furnished by the Contractor to the District pursuant to the terms of this agreement and the Master Contract shall be furnished to the District within the period of time specified therefor. Article 26. District to Keep Books. Records and Other Data. The District shall establish and maintain accounts and other books and records sufficient to enable Contractor to .determine the use and disposition of all monies paid by Contractor to District pursuant to this agreement. Article 27. Inspection of Books and Records. The officers or agents of the Contractor shall have full and free access at all reasonable times to the account books and official records of the District insofar as the same pertain to the matters and things provided for in this agreement, with the right at any time during office hours to make copies thereof, and the representatives of the District and the State of California shall have the same rights in respect to the account books and records of the Contractor. Article 28 Good Faith. Contractor and District shall each act in good faith in performing their respective obligations as set forth in this agreement. Article 29 Water Rights. No provision of this agreement shall be considered to be in derogation of any existing water right(s) or claim(s) to water right(s) by or any agreements concerning water rights of any party hereto, including but not limited to overlying, prescriptive, appropriative, riparian, or pueblo rights, nor shall it be construed to result in any relinquishment or adjustment of any such water rights or claims thereto; and, in particular, no provision of this agreement shall be considered to diminish, reduce or affect, in any way, any party's rights. pursuant to California Government Code Section 1005.1 and/or Section 1005.2. 14 /'G.•v/ Article 30 Joint Powers Agreement and/or Authority. No provision of this agreement is intended to prohibit the District and Contractor, in conjunction with other contractors, from entering into a joint powers agreement, or from forming a joint powers authority, concerning any subject matter contained in this agreement provided, however, that it is understood that this paragraph shall not be construed as requiring District or Contractor, or any other contractor, to enter into any such point powers agreement or form such joint powers authority. ARTICLE 31. Advisory Group. District and Contractor shall use their best efforts to form, with other Contractors for Project Water, an advisory group, the membership of which shall be representatives of District and Contractor and of other Contractors. The purpose of the advisory group shall be to monitor all aspects of this agreement and related agreements and to advise the governing bodies of District and Contractor on the functioning of this agreement and related agreements, and to recommend to- the governing bodies of District and Contractor any modifications to said agreements that may, from time to time, be appropriate. Article 32. Agreements to be Uniform. Agreements executed by the District with other agencies shall be substantially similar to this agreement with respect to basic terms and conditions. and shall differ primarily with respect to quantities and payment amounts; except that any such agreement(s) with San Luis Obispo County Waterworks District No. 8, Morro Rock Mutual Water Company and/or Paso Robles Beach Water Association may include provisions for exchange of water in lieu of participation in the construction of Local Facilities, and, also, conditions precedent concerning the construction of Local Facilities. IN WITNESS WHEREOF, the parties hereto have executed this agreement on the date first above written. ATTEST: SAN LUIS OBISPO COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT By By ATTEST: CITY OF SAN LUIS OBISPO By By stw\ctyslo.agr.cmc 15 Sol EXHIBIT C BROWN & WOOD Draft 2/4/92 EXECUTIVE SUMMARY OF WATER TREATMENT AND LOCAL FACILITIES AGREEMENT BETWEEN SAN LUIS OBISPO COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT AND PARTICIPATING WATER PURVEYORS The following summarizes the essential provisions of the proposed Water Treatment and Local Facilities Agreements to be entered into by the San Luis Obispo County Flood Control and Water Conservation District and participating purveyors to provide for treatment of State Project Water. The summary is offered to assist staff and decision makers in reviewing the documents and may be used to prepare staff reports or for other purposes. Treatment of Water. District agrees to cause CCWA to construct treatment plant with sufficient capacity to serve each Contractor. Contains provisions specifying the amount of water to be treated, the water treatment schedule, and shortage provision which is parallel to the State Water Contract. Local Facilities. Agreement provides that the District will ownand operate the Local Facilities unless Contractor and the District enter into a subsequent agreement with respect to ownership and operation of local facilities. The Contractor agrees to pay its share of capital costs incurred by the District to CCWA to finance the Local Facilities. Rates and Charges. The District will set rates payable by the Contractor for water treatment based on the Contractor's pro rata share of fixed treatment plant costs and the Contractor's share of variable treatment costs based on actual water treated. The Contractor will also pay its pro rata share of the capital costs of the Local Facifities. Contractor must make water treatment and local facilities payments from its water revenues after O&M expenses but prior to all other expenses. Time and Method of Payments. Fixed Treatment Plant Costs and Local Facilities costs commence when debt service on the Authority Bonds commences. Fixed O&M Cost payments commence just prior to completion of the treatment plant. Variable 0&M Cost payments begin just prior to commencement of water delivery. For Fixed Treatment Plant Costs, Fixed O&M Costs and Local Facilities Costs, payments after the initial payment are due on June 1 of each year in advance; Variable O&M Cost payments are made quarterly in advance. • /z-33 Defaults. Contractor obligations to make payments to the District are "several, " i.e. , one Contractor is not responsible for any financial defaults by another Contractor, except under the "step up" provision contained of Section il(d) . Under the "step up" provision, a Contractor's payment obligation may be increased, but only up to 25%, in the event that other Contractors in San Luis Obispo County default. This 25% increase permits the District to avoid default in its payments to CCWA and gives the bond rating agencies and credit markets greater assurance that CCWA bonds will be paid. This step up provision should result in a lower interest rate on the CCWA bonds and should not cost the Contractor any money unless a San Luis Obispo contractor defaults. Before the "step up" provision applies, the water_ which the defaulting Contractor was entitled to receive will first be offered to other Contractors. If a Contractor makes a step up payment, the Contractor is entitled to a share of the defaulting Contractors water. Contractor Covenants. The Contractor promises to levy water rates in an amount sufficient to pay its obligations under this Agreement. There are other covenants related to disposing of parts of the Contractor's water system, permitting competitive water systems in the service area, maintaining the water system, paying claims, compliance with contracts, maintaining insurance, keeping records, and paying taxes. Assivnment of Richts. The Contractor acknowledges that the District will assign its rights under the Agreement to CCWA to secure CCWA's bonds. 2 W\6886003\E8-WTLFA WATER TREATMENT AND LOCAL FACILITIES AGREEMENT Dated as of March 1, 1992 By and Between SAN LUIS OBISPO COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT and CITY OF SAN LUIS OBISPO TABLE OF CONTENTS PAGE Section 1. Definitions . . . . . . . . . . . . . . 1 Section 2. Purpose . . . . . . . . . . . . . . . 6 Section 3 . Rates and Charges . . . . . . . . . . . . • • • 6 Section 4. No District Responsibility for Delivery and Distribution of Water by Contractor . . . . . . . . . 8 Section S . Construction of the Treatment Plant . . . . . . 8 Section 6. Shortage in Water Supply . . . . . . . . . . . . 9 Section 7. Annual Budget and Billing Statement . . . . . . 9 Section 8 . Allocation of Costs and Expenses . . . . . . . . 9 Section 9 . Adjustments of Costs and Expenses . . . . . . . 10 Section 10 . Time and Method of Payment . . . . . . . . . . . 10 Section 11. Obligation in the Event of Default . . . . . . . 12 Section 12. Covenants of the Contractor . . . . . . . . . . 15 Section 13 . Covenants of the District . . . . . . . . . . . 18 Section 14. Term . . . . . . . 19 Section 15. Assignment; �Third Party Beneficiary 19 Section 16. Termination and Amendments . . . . . . . . . . . 19 Section 17. Additional Water Purchasers . . . . . . . . . . . 20 Section 18 . Miscellaneous . . . . . . . . . . . . . . . . . 21 EXHIBITS Exhibit A. Schedule of State Water Allotments . . . . . . . . A-1 Exhibit B. Form of Opinion of Contractor Counsel . . . . . . B-1 Exhibit C. Form of Opinion of District Counsel. .. . . . . . C-1 Exhibit D. List of notes, bonds or other obligations of the Contractor as of the date of execution to which Revenues of the Contractor are pledged. . . . . . . . . . . . . . . . . . . . . D-1 Exhibit E. Local Facilities. . . . . . . . . . . . . . . . . . . . . . . . . . . E-1 1 ' W\6886003B\WA SLO.1X WATER TREATMENT AND LOCAL FACILITIES AGREEMENT This Agreement, dated as of March 1, 1992, by and between the San Luis Obispo County Flood Control and Water Conservation District (the "District" ) , a flood control district created pursuant to Water Code Appendix Chapter 49 and City of San Luis Obispo (the "Contractor" ) , a city created pursuant to the Constitution and laws of the State of California. WITNESSETH• WHEREAS, the Contractor and certain other water purveyors in San Luis Obispo have contractual rights to receive water from the State Water Project with the District pursuant to the terms of the State Water Supply Contract and the Water Supply Agreements (capitalized terms used herein and not otherwise defined shall have the meanings set forth below) ; WHEREAS, in order for the Contractor to utilize fully such water rights, treatment facilities and certain local facilities, must be constructed; WHEREAS, the Contractor, such other water purveyors and the District have determined that it would be in their best interest for the District to contract with CCWA to construct and operate the treatment facilities, and to finance such local facilities; WHEREAS, the District and the Contractor now wish to enter into this Agreement pursuant to which the District will contract with CCWA to provide for the construction and operation of the Treatment Plant and the financing of the Local Facilities and certain other matters; NOW THEREFORE, the parties hereto do agree as follows: Section 1. Definitions. The following terms shall, for all purposes of this Agreement have the following meanings: "Accountant' s Report" means a report signed by any firm of certified public accountants appointed by the Contractor, or the District, as the case may be, and each of whom is independent pursuant to the Statement on Auditing Standards No. 1 of the American Institute of Certified Public Accountants. "Bonds" mean all bonds, notes or similar obligations (but not including Contracts) of the Contractor authorized and issued by the Contractor under and pursuant to applicable laws of the State after the date of execution of this Agreement, the principal of and interest on which are secured by a pledge on a /-c•�3'7 lien on Contractor Net Water System Revenues and which are on a parity with the obligations of the Contractor under this Agreement. "Bond Resolution" means the resolution or resolutions providing for the issuance of CCWA Bonds and the terms thereof. "CCWA" means the Central Coast Water Authority, a joint exercise of powers agency duly organized and validly existing under the Constitution and laws of the State. "CCWA Bonds" means bonds, notes or other evidences of indebtedness of CCWA issued to finance or refinance the District' s allocable portion of the Treatment Plant and the Local Facilities and includes additional CCWA Bonds to complete the Treatment Plant and the Local Facilities. "CEQA" means the California Environmental Quality Act, Public Resources Code Section 21000 et seq. and the guidelines promulgated thereunder. "Contract Payments" means the Fixed Treatment Plant Costs, the Fixed 0&M Costs, the Variable 0&M Costs and the Local Facility Costs payable by the Contractor hereunder and provided that the term Contract Payments shall also include for any Fiscal Year, the sum of: (1) the interest accruing during such Fiscal Year on all outstanding Bonds, assuming that all outstanding serial Bonds are retired as scheduled and that all outstanding term Bonds are redeemed or paid from sinking fund payments as scheduled (except to the extent that such interest is to be paid from the proceeds of the sale of any Bonds) , . (2) that portion of the principal amount of all outstanding serial Bonds maturing on the next succeeding principal payment date that would have accrued during such Fiscal Year if such principal amount were deemed to accrue daily in equal amounts from the next preceding principal payment date or during the _ preceding twelve (12) calendar month period preceding the first principal payment date, as the case may be, (3) that portion of the principal amount of all outstanding term Bonds required to be redeemed or paid on the next succeeding redemption date (together with the redemption premiums, if any, thereon) that would have accrued during such Fiscal Year if such principal amount (and redemption premiums) were deemed to accrue daily in equal amounts from the next preceding redemption date or during the Year preceding the first redemption date, as the case may be, and 2 W\6886003B\MA SLO.l.% (4) that portion of Contract Payments under Contracts (other than under this Agreement) required to be made at the times provided in the Contracts that would have accrued during such Fiscal Year if such Contract Payments were deemed to accrue daily in equal amounts from, in each case, the next preceding Contract Payment date of interest or principal or the date of the pertinent Contract, as the case may be. "Contractor" shall have the meaning assigned thereto in the preamble hereto. "Contractor Net Water System Revenues" means, for any Fiscal Year, the Contractor Water System Revenues for such Fiscal Year less the Contractor Operation and Maintenance Expenses for such Fiscal Year. "Contractor Operation and Maintenance Expenses" means the costs spent or incurred by the Contractor for maintaining and operating the Contractor Water System, calculated in accordance with generally accepted accounting principles, including (among other things) the expenses of management and repair and other expenses necessary to maintain and preserve the Contractor Water System, in good repair and working order, and including administrative costs of the Contractor, salaries and wages of employees, payments to the Public Employees Retirement System, overhead, insurance, taxes (if any) , fees of auditors, accountants, attorneys or engineers and insurance premiums, and all other reasonable and necessary costs of the Contractor, but excluding in all cases (i) depreciation, replacement and obsolescence charges or reserves therefor, (ii) amortization of intangibles or other bookkeeping entries of a similar nature, (iii) costs of capital additions, replacements, betterments, extensions or improvements to the Contractor Water System, which under generally accepted accounting principles are chargeable to a capital account or to a reserve for depreciation, and (iv) charges for the payment or principal and interest on Contractor Prior Debt, Bonds or Contracts. "Contractor Prior Debt" means notes, bonds or other obligations of the Contractor existing prior to the date of execution hereof, which are identified in Exhibit D hereto and which are payable from Contractor Water System Revenues. "Contractor Share" means a percentage equal to the Contractor State Water Allotment divided by the sum of the Contractor State Water Allotments of all Water Purchasers, as such percentage may be adjusted from time to time in accordance with Section 12 of each Water Treatment Agreement. The initial Contractor Share is set forth in Exhibit A attached hereto. 3 W\6886003B\WA SIA.1X "Contractor State Water Allotment" means 3, 000 acre-feet of water per year unless such Contractor State Water Allotment is reduced in accordance with the Water Supply Agreement. "Contractor Water System" means all properties and assets, real and personal, tangible and intangible, of the Contractor now or hereafter existing, used or pertaining to the acquisition, treatment, reclamation, transmission, distribution and sale of water, including all additions, extensions, expansions, improvements and betterments thereto and equipment relating thereto; provided, however, that to the extent the Contractor is not the sole owner of an asset or property or to the extent that an asset or property is used in part for the above described water purposes, only the Contractor's ownership interest in such asset or property or only the part of the asset or property so used for water purposes shall be considered to be part of the Contractor Water System. "Contractor Water System Revenues" means all income, rents, rates, fees, charges, and other moneys derived by the Contractor from the ownership or operation of Contractor Water System after the date of execution of this Agreement, including, without limiting the generality of the foregoing, (i) all income, rents, rates, fees, charges or other moneys derived from the sale, furnishing, and supplying of water and other services, facilities, and commodities sold, furnished, or supplied through the facilities of Contractor Water System, including standby and availability charges and development fees allocable to the Contractor Water System, and (ii) the earnings on and income derived from amounts set forth in clauses (i) and (ii) above, and shall not include (y) customers' deposits or any other deposits subject to refund until such deposits have become the property of the Contractor, and (z) the Contractor's share of San Luis Obispo County' s It ad valorem property tax and reserves, taxes or assessments specifically pledged to the payment of debt service with respect to notes, bonds or other obligations of the Contractor and which reserves, taxes or assessments are not available for any other purposes of the Contractor. "Contracts" means this Agreement and all contracts of the Contractor authorized and executed by the Contractor under and pursuant to the applicable laws of the State after the date of execution of this Agreement, the payments under which are secured by a pledge of and lien on the Contractor Net Water System Revenues and which are on a parity with the obligations of the Contractor under this Agreement. "District State Water Allotment" shall have the meaning assigned thereto in the Master Water Treatment Agreement.. 4 , W\6886003B\WA SI.O.1% "Fiscal Year" means the twelve month period commencing on July 1 of each Year and ending on the following June 30 orsuch other twelve month period which may be designated by the District or the Contractor as its Fiscal Year, as the case may be. "Fixed OSTM Costs" shall have the meaning assigned thereto in the Master Water Treatment Agreement. "Fixed Treatment Plant Costs" shall have the meaning assigned thereto in the Master Water Treatment Agreement. "Initial Operation Date" means the first date when the Treatment Plant is available to provide water treatment services to the District, as shall be determined by the Board of Directors of CCWA in accordance with prudent utility practices. "Local Facilities" means the facilities described in Exhibit E hereto. "Local Facility Costs" shall have the meaning assigned thereto in the Master Water Treatment Agreement. "Local Facility Share" means a percentage equal to the Local Facility Costs allocable to the Contractor divided by all Local Facility Costs, as such percentage may be adjusted from time to time in accordance with Section 12 hereof. The initial Local Facility Share of each Water Purchaser is set forth in Exhibit A attached hereto. "Master Water Treatment Agreement" means the Master Water Treatment Agreement, dated as of March 1, 1992 by and between CCWA and the District, as the same may be amended or supplemented from time to time. "State" means the State of California, including applicable departments and .agencies thereof. "State Water Project" means those portions of the State Water Resources Development System (as defined in Section 12931 of the California Water Code) which provide water to the District pursuant to the State Water Supply Contract. "State Water Supply Contract" means the Water Supply Contract between the State of California Department of Water Resources and the San Luis Obispo County Flood Control and Conservation District, dated February 26, 1963 , as amended to the date hereof and as such may be amended and supplemental from time to time. "Treatment Plant" shall have the meaning assigned thereto in the Master Water Treatment Agreement. 5 W\68860038\WA SL0-1X �,[ "Variable 0 & M Costs" shall have the meaning assigned thereto in the Master Water Treatment Agreement. "Water Supply Agreement" means the Water Supply Agreement between the San Luis Obispo County Flood Control and Water Conservation District and City of San Luis Obispo, as the same may be amended or supplemented from time to time. "Water Purchaser" means the Contractor and each entity listed in Exhibit A hereto executing Water Treatment. Agreements with the District, and each Additional Water Purchaser. "Water Treatment Agreement" means this Agreement and each Water Treatment and Local Facilities Agreement, dated as of March 1, 1992, by and between the District and a Water Purchaser, as the =same may be amended or supplemented from time to time. _ Section 2 . Purpose. - ` The purpose of this Agreement is to provide the terms and conditions of the treatment of the Contractor State Water Allotment and to provide for the financing of the Local Facilities. The Contractor acknowledges that the Contractor has received a copy of the Master Water Treatment Agreement and agrees that the Contractor's rights and obligations under this Agreement are subject to and, in the event of a conflict with the terms of the Master Water Treatment Agreement, shall be controlled by the terms of the Master Water Treatment Agreement. Section 3 . Rates and Charges. (a) Establishment of Rates and Charges. The District shall fix charges to the Contractor under this Agreement to produce revenues to the District equal to (i) the Contractor Share of Fixed Treatment Plant Costs, (ii) the Contractor Share of Fixed O&M Costs, (iii) Variable O&M Costs allocable to the Contractor in accordance with Section 8 hereof, and (iv) the Local Facility Share of Local Facility Costs. The District shall fix charges to the Contractor to produce revenues to the District to meet the costs described in (i) , (ii) , (iii) and (iv) above as set forth = in Section 8 hereof. (b) Take-or-Pay Obligation. The obligations incurred by the Contractor under this Section is for the benefit of the District, CCWA and future owners of CCWA Bonds shall commence and continue to exist and be honored by Contractor whether or not the Contractor State Water Allotment is treated by the Treatment Plant at all times or at all (which provision may be characterized as an obligation to pay all costs on a take-or-pay basis whether or not the Contractor State Water Allotment is 6 W\68860038\WA SLO.18 treated by the Treatment Plant and whether or not the Treatment Plant or the Local Facilities are completed or are operable. ) e (c) Source of Payments. The Contractor shall make payments under this Agreement solely from Contractor Water System Revenues, and shall make such payments prior to any other payments except Contractor Operation and Maintenance Expenses and Contractor Prior Debt. Nothing herein shall be construed as prohibiting (i) the Contractor from using any other funds and revenues for purposes of satisfying any provisions of this Agreement or (ii) from incurring obligations payable on a parity with the obligations under this Agreement so long as the Contractor complies with subsection (a) of Section 13 hereof. (d) Obligation Is Not Subject To Reduction. The Contractor shall make payments under this Agreement whether or not the Treatment Plant or the Local Facilities are completed, operable, operated or retired and notwithstanding the suspension, interruption, interference, reduction or curtailment of operation of the Treatment Plant or the Local Facilities or of water contracted for under the Water Supply Agreements in whole or in part for any reason whatsoever. Such payments are not subject to any reduction, whether offset or otherwise, and are not conditioned upon performance by the District, the State, CCWA or any other Water Purchaser under this Agreement or any other agreement. (e) Several Obligation. The obligation of the Contractor to make payments under this Agreement is a several obligation and not a joint obligation with those of the other Water Purchasers. Except as expressly set forth in Section 11 (d) hereof, the Contractor shall not be liable under this Agreement for the obligations of any other Water Purchaser. The Contractor shall be solely responsible and liable for performance of its obligations under this Agreement, including the obligation pursuant to Section 11 (d) . Section 4. No Responsibility for Deliverer and Distribution of Water by Contractor. To the extent permitted by law, neither the District, CCWA, members, associate members or water contractors of CCWA, nor any of their officers, agents, or employees shall be liable for the control, carriage, handling, use, disposal, or distribution of water supplied to the Contractor after such water has entered the Contractor Water System; nor for claim of damage of any nature whatsoever, including but not limited to property damage, personal injury or death, arising out of or connected with the control, carriage, handling, use, disposal or distribution of such water beyond said delivery structures; nor in any way relating to the Local Facilities; including in every case 7 W\68860038\WA SLO.1% 1-C-'a3 attorneys fees and other costs of defense in connection therewith; and in every case the Contractor shall indemnify and hold harmless the District, CCWA, CCWA' s members, associate members and water contractors and their officers, agents, and employees from any such damages or claims of damages. Section 5. Construction of the Treatment Plant and Local Facilities. (a) Determination of Capacity of Treatment Plant. Unless otherwise agreed by the District and the Contractor, the Treatment Plant shall have sufficient capacity to treat the Contractor State Water Allotment and the District shall not agree to any amendment to the Master Water Treatment Agreement which would result in the Treatment Plant not having treatment capacity sufficient to treat the Contractor State Water Allotment. .. (b) Criteria for Determining Capacity of Treatment Plant. Subj-ect to the State Water Supply Contract and the Water Supply Agreements, the District shall require CCWA to design and = construct the Treatment Plant to enable CCWA to treat water in an amount equal to the State Water Allotments of all Water Purchasers as set forth in Exhibit A attached hereto. (c) Inspection of Treatment Plant Plans and Specifications: Preparation of Bid Materials; Award of Contracts. The Contractor shall have a reasonable opportunity to inspect and study the plans and specifications for all Treatment Plant facilities at the District offices and may make comments and recommendations thereon to the District. (d) Failure to Complete the Treatment Plant. In the event that the District notifies the Contractor that the Treatment Plant cannot be completed from the proceeds of CCWA Bonds and other amounts on deposit with CCWA and legally available therefor, the Contractor shall be obligated to advance to the District, upon reasonable notice, its Contractor Share of the costs payable by the District under Section 8 (a) of the Master Water Treatment Agreement to complete the Treatment Plant as a - - Fixed Treatment Plant Cost notwithstanding the fact that the Contractor State Water Allotment is or may be treated by the portion of the Treatment Plant already completed. (e) Local Facilities. Unless District and Contractor enter into an additional agreement with respect to construction, ownership, operation and maintenance of the Local Facilities serving the Contractor prior to commencement of construction of the Local Facilities, the District shall construct, own, operate and maintain the Local Facilities. 8 W\6886003B\WA SLO.1% Section 6. Shortage in Water Supply. Neither the District, CCWA, CCWA members, associate members or water contractors nor any of their officers, agents, or employees shall be liable for any damage, direct or indirect, arising from the shortages in the amount of water to be made available to the Contractor under the Water Supply Agreement caused by non-availability of water to the District under the State Water Supply Contract or caused by drought, operation of area of origin statutes, operation of the Master Water Treatment Agreement, including but not limited to Section 7 thereof relating to curtailment of Treatment Plant operations for maintenance, or any other cause beyond its control. Section 7. Annual Budget and Billing Statement. The Board of Directors of the District will adopt an annual budget for the applicable Year for credits, costs and expenses relating to the Treatment Plant and Local Facilities, including Fixed Treatment Plant Costs, Variable O&M Costs, Fixed O&M Costs and Local Facilities Costs and shall promptly give notice to the Contractor of its projected portion thereof. Section 8. Allocation of Costs and Expenses. (a) Allocation of Fixed Treatment Plant Costs Among Contractors. The District shall allocate to the Water Purchasers Fixed Treatment Plant Costs in an amount equal to Fixed Treatment Plant Costs payable by the District for each Year pursuant to Sections 13 (a) and (e) and 8 (a) of the Master Water Treatment Agreement. The total amount of Fixed Treatment Plant Costs allocated to the Contractor shall be an amount equal to the Contractor Share of Fixed Treatment Plant Costs for each Year. (b) Allocation of Fixed O&M Costs. The District shall allocate to the Water Purchasers Fixed O&M Costs in an amount equal to Fixed O&M Costs payable by the District for each Year pursuant to Section 13 (b) and (f) of the Master Water Treatment Agreement. The total amount of Fixed O&M Costs allocated to the Contractor shall be an amount equal to the Contractor Share of Fixed O&M Costs for each Year. (c) Allocation of Variable O&M Costs. The District shall allocate to the Water Purchasers Variable O&M Costs in an amount equal to Variable O&M Costs payable by the District pursuant to Section 13 (c) and (g) of the Master Water Treatment Agreement in each Year. The total amount of Variable O&M Costs allocated to the Contractor for each Year shall be computed by the District and shall be based on the ratio of the amount of water treated by CCWA pursuant to the terms of the Master Water Treatment Agreement on behalf of the Contractor for each Year to the amount 9 W\6886003B\WA SIA.1% yw Vr �� of water treated by CCWA pursuant to the terms of the Master Water Treatment Agreement on behalf of all Water Purchasers for each Year. (d) Allocation of Local Facility Costs. The District shall allocate to the Water Purchasers Local Facility Costs for each Year equal to Local Facility Costs payable by the District pursuant to Section 13 (a) and (e) of the Master Water Treatment Agreement for each Year. The total amount of Local Facility Costs allocated to the Contractor for each year shall be the Local Facility Share of Local Facility Costs for each Year. Section 9 . Adjustments of Costs and Expenses. The District shall each year determine adjustments to be paid by the Contractor which shall account for the differences, if any, between projections of costs used by the District in determining the amounts of said costs and expenses for all preceding Years and actual costs paid by the District under the Master Water Treatment Agreement during such Years. Section 10 . Time and Method of Payment. (a) Initial Payment - Fixed Treatment Plant Costs and Local Facility Costs. Payments by the Contractor of the Contractor Share of Fixed Treatment Plant Costs and the Local Facility Share of Local Facility Costs shall commence upon the effectiveness of this Agreement in accordance with Section 15 hereof and shall occur on May 15 of each Year thereafter, except as otherwise provided in connection with the issuance of CCWA Bonds. (b) Initial Payment - Fixed 0&M Costs. Payments by the Contractor of the Contractor Share of Fixed O&M Costs shall commence on the May 15 preceding the estimated Year of the Initial Operation Date. (c) Initial Payment - Variable O&M Costs. Payments by the Contractor of Variable 0&M Costs allocable to the Contractor shall commence on the March 15, June 15, September 15 or December 15 which is closest to, but is at least three months immediately preceding the date which the District estimates will be the Initial Operation Date. (d) Statement of Charges. The District shall within 30 days of the receipt from CCWA of a written statement of the charges to be paid by the District and credits to be received by the District under the Master Water Treatment Agreement (but in no event later than May 15 of each Year) , furnish the Contractor with a written statement of the estimated Fixed Treatment Plant Costs, Fixed 0&M Costs and Local Facility Costs allocable to the Contractor for the next succeeding Fiscal Year, taking into 10 , W\68860038\WA SL0.1X account applicable credits and estimated investment earnings on moneys related to the Treatment Plant. The District shall, on or before March 15, June 15, September 15 and December 15 of each Year, commencing with the Fiscal Year in which the District estimates the Initial Operation Date will occur furnish the Contractor with a statement Variable 0&M Costs allocable to the Contractor for the three-month period commencing on the January 1, April 1, July 1 or October 1, commencing three and one-half months subsequent to such date. (e) Times of Payment - Fixed Treatment Plant Costs and Local Facility Costs. The Contractor shall pay to the District, on or before May 15 of each Year, commencing as set forth in subsection (a) of this Section, look of Fixed Treatment Plant Costs and Local Facility Costs allocable to the Contractor for the next succeeding Fiscal Year. (f) Times of Payment - Fixed 0&M Costs. The Contractor shall pay to the District, on or before May 15 of each Year commencing with the Year preceding the Year of anticipated initial water treatment for the Contractor, the sum of Fixed 0&M Costs allocable to the Contractor for the Year. (g) Times of Payment - Variable O&M Costs. The Contractor shall pay to the District Variable 0&M Costs allocable to the Contractor for the three-month veriod commencing on the next succeeding March 15, June 15 '15 or December 15 so that the District receives quarterly payments of Variable O&M Costs three months in advance of the time when -such Variable 0&M Costs will begin to be incurred by the District. (h) Contest of Accuracy of Charges. If the Contractor questions or disputes the correctness of any billing statement by the District, it shall pay the District the amount claimed when due and shall within thirty (30) days of receipt of such billing statement request an explanation from the District-. If the bill is determined to be incorrect, the District will adjust the bill to such Contractor in the next Fiscal Year. If the District and the Contractor fail to agree on the correctness of a bill within thirty (30) days after the Contractor has requested an explanation, the parties shall promptly submit the dispute to arbitration under Section 1280 ip-t- sea. of the Code of Civil Procedure. Section 11. Obligation in the Event of Default. (a) Written Demand Upon Failure to Make Payment. Upon failure of the Contractor to make any payment in full when due under this Agreement or to perform any other obligation _ hereunder, the District shall make written demand upon the Contractor, and if said failure is not remedied within -thirty 11 W\68860033\SQA SLO.1% (30) days from the date of such demand or, if CCWA Bonds are outstanding, for such additional time as is reasonably required, in the sole discretion of CCWA, to correct the same, such failure shall constitute a default at the expiration of such period. Notice of such demand shall be provided to each other Water Purchaser by the District. Upon failure of the District to perform any obligation of the District hereunder, the Contractor shall make written demand upon the District, and if said failure is not remedied within thirty (30) days from the date of such demand or, if CCWA Bonds are outstanding, for such additional time as is reasonably required, in the sole discretion of CCWA, to correct the same, such failure shall constitute a default at the expiration of such period. Notice of such demand shall be provided to each Water Purchaser by the Contractor making such written demand. In addition to any default resulting from breach by the District or the Contractor of any agreement, condition, covenant or term hereof, if the District or the Contractor shall file any petition or institute any proceedings under any act or acts, state or federal, dealing with or relating to the subject of bankruptcy or insolvency or under any amendment of such act or acts, either as a bankrupt or as an insolvent or as a debtor or in any similar capacity, wherein or whereby the District or the Contractor asks or seeks or prays to be adjudicated a bankrupt, or is to be discharged from a.ny. or all of its debts or obligations, or offers to its creditors to effect a composition or extension of time to pay its debts, or asks, seeks or prays for a reorganization or to effect a plan of reorganization or for a readjustment of its debts or for any other similar relief, or if the District or the Contractor shall make a general or any assignment for the benefit of its creditors, then in each and every such case the District or the Contractor, as the case may be, shall be deemed to be in default hereunder. (b) Transfer for Defaulting Contractor' s Account. Upon the failure of the Contractor to make any payment which failure constitutes a default under this Agreement, the District shall use its best efforts to transfer for the Contractor' s account all or a portion of the Contractor' s Contractor State Water Allotment for all or a portion of the remainder of the term of this Agreement. Notwithstanding that all or any portion of the Contractor's Contractor State Water Allotment is so transferred, the Contractor shall remain liable to the District to pay the full amount of its share of costs hereunder as if such sale or transfer has not been made, except that such liability shall be discharged to the extent that the District shall receive payment from the transferee thereof. (c) Termination of Entitlement to Treatment of Water: Continuing Obligations. Upon the failure of the Contractor to 12 W\68860038\WA SLO.IX make any payment which failure constitutes a default under this Agreement and causes the District to be in default under the Master Water Treatment Agreement, the District may (in addition to the remedy provided by subsection (b) of this Section) terminate the provisions of the Water Supply Agreement insofar as the same entitle the Contractor to receive treatment of the Contractor State Water Allotment. Irrespective of such termination, the obligations of the Contractor under this Agreement shall continue in full force and effect and the Contractor shall remain liable to the District to pay the full amount of costs hereunder shall continue in full force and effect. (d) Increase in Nondefaulting Contractor Costs. Upon the failure of any Water Purchaser to make any payment which failure constitutes a default under its respective Water Treatment Agreement, and except as transfers are made pursuant to subsection (b) of this Section of the applicable Water Treatment Agreement, (i) the allocable portion of Fixed Treatment Plant Costs, Fixed 0&M Costs, Variable 0&M Costs and Local Facility Costs of each nondefaulting Water Purchaser shall be automatically increased for each Year of the remaining term of the applicable Water Treatment Agreement pro rata with those of the other nondefaulting Water Purchasers and (ii) such defaulting Water Purchaser's Contractor State Water Allotment shall be reduced correspondingly; provided, however, that the sum of such increases for any such nondefaulting Water Purchaser in any Year shall not exceed, without written consent of such nondefaulting Water Purchaser, an accumulated maximum of 25% of the nondefaulting Water Purchaser' s allocable portion of Fixed Treatment Plant Costs, Fixed 0&M Costs, Variable 0&M Costs and Local Facility Costs in such Year determined as nearly as practicable under the circumstances as if the defaulting Water Purchaser were not in default. Upon payment of such increase, a nondefaulting Water Purchaser shall be entitled to take delivery of its pro rata share of such defaulting Water Purchaser' s State Water Allotment (as set forth in Exhibit A attached hereto) . (e) Right of Recovem From Defaulting Water Purchaser. If a water Purchaser shall fail or refuse to pay any amounts due to the District, the fact that Water Purchaser has increased its obligation to make such payments shall not relieve the defaulting Water Purchaser of its liability for such payments, and Water Purchaser shall have a right of recovery from the defaulting Water Purchaser to the extent of such respective increase in obligation caused by the defaulting Water Purchaser. (f) Enforcement of Remedies. In addition to the remedies set forth in this Section, upon the occurrence of an Event of Default as defined herein, the District or the Contractor, as the case may be, shall be entitled to proceed to protect and enforce 13 W\6886003B\WA SLO.1S Q the rights vested in such party by this Agreement by such appropriate judicial proceeding as such party shall deem most effectual, either by suit in equity or by action at law, whether for the specific performance of any covenant or agreement contained herein or to enforce any other legal or equitable right vested in such party by this Agreement or by law. The provisions of this Agreement and the duties of each party hereof, their respective boards, officers or employees shall be enforceable by the other party hereto by mandamus or other appropriate suit, action or proceeding in any court of competent jurisdiction, with the losing party paying all costs and attorney fees. Without limiting the generality of the foregoing, the District or the Contractor, as the case may be, shall have the right to bring the following actions: (1) Accounting. By action or suit in equity to require the board of the District or the Contractor, its officers and employees and its assigns to account as the trustee of an express trust. (2) Injunction. By action or suit in equity to enjoin any acts or things which may be unlawful or in violation of the rights of the District or the Contractor, as the case may be. (3) Mandamus. By mandamus or other suit, action or proceeding at law or in equity to enforce its rights against the other party hereto (and its board, officers and employees) and to compel the other party hereto to perform and carry out its duties and obligations under the law and its covenants and agreements as provided herein. In addition, in the event of a dispute between the District or the Contractor with respect to the terms of the Agreement, the District and the Contractor agree to submit such mtter to arbitration under Section 1280 et sec . of the Code aof Civil Procedure with the losing party paying all costs and attorney fees. (g) Waiver. The waiver by the District of any breach by the Contractor of any agreement, condition, covenant or term hereof shall not operate as a waiver of any subsequent breach of the same or any other agreement, condition, covenant or term hereof. (h) CCWA is Third Party Beneficiary. CCWA and any other assignee of the District' s right to receive payments under this Agreement shall have the right, as a third party beneficiaries, to initiate and maintain suit to enforce this Agreement -to the extent provided in such assignment. 14 W\6886003B\WA SLO.1% Section 12 . Covenants of the Contractor. (a) Amount of Rates and Charges. The Contractor will fix, prescribe and collect rates and charges for the Contractor Water System which will be at least sufficient to yield during each Fiscal Year Contractor Net Water System Revenues equal to one hundred twenty-five percent (125%) of the Contract Payments for such Fiscal Year. The Contractor may make adjustments from time to time in such rates and charges and may make such classification thereof as it deems necessary, but shall not reduce the rates and charges then in effect unless the Contractor Net Water System Revenues from such reduced rates and charges will at all times be sufficient to meet the requirements of this section. (b) Against Sale or Other Disposition of Property. The Contractor will not sell, lease or otherwise dispose of the Contractor Water System or any part thereof unless the Contractor determines that such sale, lease or other disposition will not materially adversely affect the Contractor' s ability to comply with subsection (a) of this Section. The Contractor will not enter into any agreement or lease which impairs the operation of the Contractor Water System or any part thereof necessary to secure adequate .Contractor Net Water System Revenues for the payment of the obligations imposed under this Agreement or which would otherwise impair the rights of the District with respect to the Contractor Water System Revenues or the operation of the Contractor Water System. (c) Against Competitive Facilities. To the extent permitted by existing law and within the scope of its powers, the Contractor will not acquire, construct, maintain or operate and will not permit any other public or private agency, corporation, district or political subdivision or any person whomsoever to acquire, construct, maintain or operate within the boundaries of the Contractor any water system competitive with the Contractor water System. Nothing contained herein shall prevent the Contractor from acquiring additional sources of water as part of the Contractor Water System. (d) Maintenance and Operation of the Contractor Water System- Budgets. The Contractor will maintain and preserve the Contractor Water System in good repair and working order at all times and will operate the Contractor Water System in an efficient and economical manner and will pay all Contractor Operation and Maintenance Expenses as they become due and payable. Each fiscal year, the Contractor will adopt and file with the District, within 15 days of its adoption, a budget approved by the legislative body of the Contractor, including therein in the estimated Contractor Operation and Maintenance Expenses for such Fiscal Year the estimated Fixed Treatment Plant 15 w\6886003B\MA SLO.1X Costs, Fixed 0&M Costs, Variable 0&M Costs and Local Facility Costs allocated to the Contractor by the District. Any budget may be amended at any time during any Fiscal Year and such amended budget shall be filed by the Contractor with the District. (e) Payment of Claims. The Contractor will pay and discharge any and all lawful claims for labor, materials or supplies which, if unpaid, might become a lien on the Contractor Water System Revenues or any part thereof or on any funds in the hands of the Contractor or the Trustee prior or superior to the lien of the payments to be made under this Agreement or which might impair the security of the payments to be made under this Agreement, but the Contractor shall not be required to pay such claims if the validity thereof shall be contested in good faith. (f) Compliance with Contracts. The Contractor will comply with, keep, observe and perform all agreements, conditions, covenants and terms, express or implied, required to be performed by it contained in all contracts for the use of the Contractor Water System and all other contracts affecting or involving the Contractor Water System to the extent that the Contractor is a party thereto. (g) Insurance. (i) The Contractor shall procure and maintain or cause to be procured and maintained insurance on the Contractor Water System with responsible -insurers so long as such insurance is available from reputable insurance companies, or, alternatively, shall establish a program of self-insurance, or participate in a joint powers agency providing insurance or other pooled insurance program, in such amounts and against such risks (including accident to or destruction of the Contractor Water System) as are usually covered in connection with water systems similar to the Contractor Water System. In the event of any damage to or destruction of the Contractor Water System caused by the perils covered by such insurance, the proceeds thereof remaining after payment of all expenses (including attorneys' fees) incurred in the collection of such proceeds shall be applied to the reconstruction, repair or replacement of the damaged or destroyed portion of the Contractor Water System. The Contractor shall begin such reconstruction, repair or replacement promptly after such damage or destruction shall occur, and shall continue and properly complete such reconstruction, repair or replacement as expeditiously as possible, and shall pay out of proceeds remaining after payment of all expenses (including attorneys' fees) incurred in the collection of such proceeds all costs and expenses in connection with such 16 . W\6886003B\WA SIA.1% w reconstruction, repair or replacement so that the same shall be completed and the Contractor Water System shall be free and clear of all claims and liens. If the proceeds remaining after payment of all expenses (including attorneys' fees) incurred in the collection of such proceeds are insufficient to pay in full the cost of reconstruction, repair or replacement of the damaged or destroyed portion of the Contractor Water System, then the Contractor shall complete the work and pay any costs in excess of the amount of such proceeds from Contractor Net Water System Revenues. (ii) The Contractor will procure and maintain such other insurance which it .shall deem advisable or necessary to protect its interests and the interests of the District, which insurance shall afford protection in such amounts and against such risks as are usually covered in connection with water systems similar to the Contractor. Water System; provided that any such insurance may be maintained under a self-insurance program so long as such self-insurance is maintained in the amounts and manner usually maintained in connection with water systems similar to the Contractor Water System and is, in the opinion of an accredited actuary, actuarially sound. All policies of insurance required to be maintained herein shall, to extent reasonably obtainable, provide that the District and CCWA shall be given thirty (30) days' written notice of any intended cancellation thereof or reduction of coverage provided thereby. (h) Accounting Records and Financial Statements. (i) The Contractor will keep appropriate accounting records in which complete and correct entries shall be made of all transactions relating to the Contractor Water System, which records shall be available for inspection by the District and the Trustee at reasonable hours and under reasonable conditions. (ii) The Contractor will prepare and file with the District annually within one hundred eighty (180) days after the close of each Fiscal Year (commencing with the Fiscal Year ending June 30, 1992) financial statements of the Contractor for the preceding Fiscal Year prepared in accordance with generally accepted accounting principles, together with an Accountant's Report thereon. The Contractor will promptly furnish a copy of such Accountants Report to the District and to CCWA. 17 W\6886003B\WA SLO.1X f-�-s3 (i) Protection of Security and Rights of the District. The Contractor will preserve and protect the rights of the District and its assignees to the obligations of the Contractor hereunder and will warrant and defend such rights against all claims and demands of all persons. (j ) Payment of Taxes and Compliance with Governmental Regulations. The Contractor will pay and discharge all taxes, assessments and other governmental charges which may hereafter be lawfully imposed upon the Contractor Water System or any part thereof or upon the Contractor Water System Revenues when the same shall become due. The Contractor will duly observe and conform with all valid regulations and requirements of any governmental authority relative to the operation of the Contractor Water System or any part thereof, but the Contractor shall not be required to comply with any regulations or requirements so long as the validity or application thereof shall be contested in good faith. (k) Further Assurances. The Contractor will adopt, deliver, execute and make any and all further assurances, instruments and resolutions as may be reasonably necessary or proper to carry out the intention or to facilitate the performance hereof and for the better assuring and confirming unto the District and the Trustee of the rights and benefits provided to them herein. Section 13 . Covenants of the District. (a) Accounting Records and Financial Statements. (i) The District will keep appropriate accounting records in which complete and correct entries shall be made of all transactions relating to the Treatment Plant, which records shall be available for inspection by the Contractor at reasonable hours and under reasonable conditions. (ii) The District will prepare annually within one hundred eighty (180) days after the close of each Fiscal Year (commencing with the Fiscal Year ending June 30, 1992) financial statements of the District for the preceding Fiscal Year prepared in accordance with generally accepted accounting principles, together with an Accountant' s Report thereof . The District will promptly furnish a copy of such Accountant's Report to the Contractor and to CCWA. (b) The District shall comply with all state and federal laws applicable to the District, the Treatment Plant . and the Local Facilities, including but not limited to CEQA. 18 ' W\6886003B\WA SLO.1X Section 14. Term. (a) No provision of this Agreement shall take effect until this Agreement, the Water Treatment Agreements and the Water Supply Agreements with each Water Purchaser have been duly executed and delivered to the District together with an opinion for each Water Purchaser of an attorney or firm of attorneys in substantially the form attached hereto as Exhibit B and an opinion for the District of District Counsel, in substantially the form attached hereto as Exhibit C. (b) The term of this Agreement shall continue until the later of (i) the termination of the Master Water Treatment Agreement or (ii) the date on which no CCWA Bonds remain outstanding. Section 15. Assignment: Third Party Beneficiary. The District may pledge and assign all or any portion of the payments received under this Agreement from the Contractor and the District' s other rights and interests under this Agreement. Such pledge and assignment by the District shall be made effective for such time as the District shall determine and provide that the assignee shall have the power to enforce this Agreement in the event of a default by a Contractor. The Contractor may not assign its rights under this Agreement or the Water Supply Agreement without the written consent of the District and CCWA; provided however that in the event that all Contractors and the District consent to the assignment by the District of its rights and obligations under this Agreement to a joint exercise of powers agency comprised of all public agency Contractors, CCWA shall not unreasonably withhold its consent to such assignments. The Contractor acknowledges that CCWA is an intended third party beneficiary of the Agreement and may initiate and maintain suit to enforce the District' s rights under this Agreement. Section 16 . Termination and Amendments. This Agreement shall not be subject to termination by any party under any circumstances, whether based upon the default of any other party under this Agreement, or any other instrument, or otherwise, except as specifically provided herein. Except as otherwise provided in this Agreement, on and after the date CCWA Bonds are issued and so long as any CCWA Bonds are outstanding in accordance with the applicable Bond Resolution, Section 3 (a) , (c) and (d) , 8 (a) , 10 (a) and (e) , 11, 13 and 15 of this Agreement shall not be amended, modified or otherwise changed or rescinded by agreement of the parties without the 19 1 w\6886003B\WA SIA.1]C consent of CCWA. This Agreement may only be otherwise amended, modified, changed or rescinded in writing by each of the parties hereto. Notwithstanding the foregoing, the sections of this Agreement set forth in the prior paragraph of this Section may be amended without the consent of CCWA for any of the following purposes: (a) to add to the agreements, conditions, covenants and terms contained herein required to 'be observed or performed by the District or the Contractor other agreements, conditions, covenants and terms hereafter to be observed or performed by the District or the Contractor, or to surrender any right reserved herein to or conferred herein on the District or the Contractor, and which in either case shall not adversely affect the interests of the owners of any CCWA Bonds; (b) to make such provisions for the purpose of curing any ambiguity or of correcting, curing or supplementing any defective provision contained herein or in regard to questions arising hereunder which the District or the Contractor may deem desirable or necessary and not inconsistent herewith, and which shall not materially adversely affect the interests of the owners of any CCWA Bonds; (c) to make any modifications or changes necessary or appropriate in the opinion of a firm of nationally recognized standing in the field of law relating to municipal bonds to preserve or protect the exclusion from gross income of interest on the CCWA Bonds for federal income tax purposes; (d) to make any modifications or changes to this Agreement in order to enable the execution and delivery of CCWA Bonds on a parity with any CCWA Bonds previously issued and to make any modifications or changes necessary or appropriate in connection with the execution and delivery of CCWA Bonds; (e) to make any other modification or change to the provisions of this Agreement which does not materially adversely affect the interests of the owners of any CCWA Bonds; (f) to make changes to the definition of "Treatment Plant" . Section 17. Additional Water Purchasers. (a) Additional Water Purchasers. The Contractor acknowledges that the District may enter into water treatment agreements with Additional Water Purchasers subsequent to the execution of this Agreement. Upon execution of a water treatment agreement with an Additional Water Purchaser, the District shall 20 W\68860038\WA SLO.18 promptly notify the Contractor. No water treatment agreement with an Additional Water Purchaser shall affect the Contractor State Water Allotment. The water treatment agreement with such Additional Water Purchaser shall establish a price to be paid by the Additional Water Purchaser' to the District, and the District will pay to the Contractor, an amount whicli reasonably compensates the Contractor for Fixed Treatment Plant Costs, Fixed 0&M Costs and Local Facility Costs previously paid by the Contractor which are fairly allocable to the Additional Water Purchaser. (b) Maintenance of Tax-Exempt Status of CCWA Bonds. Notwithstanding any other provision of this Agreement, the District shall not execute a water treatment agreement with an Additional Water Purchaser if execution of such water treatment agreement would result in any of the CCWA Bonds being treated as an obligation not described in Section 103 (a) of the Internal Revenue Code of 1986, as amended, by reason of classification of such Authority Bond as a "private activity bond" within the meaning of Section 141 of said Code. Section 18 . Miscellaneous. The headings of the sections hereof are inserted for convenience only and shall not be deemed a part of this Agreement. If any one or more of the covenants or agreements provided in this Agreement to be performed should be determined to be invalid or contrary to law, such covenant or agreement shall be deemed and construed to be severable from the remaining covenants and agreements herein contained and shall in no way affect the validity of the remaining provisions of this Agreement. This Agreement may be executed in several counterparts, all or any of which shall be regarded for all purposes. as one original and shall constitute and be but one and the same instrument. This Agreement shall be governed by and construed in accordance with the laws of the State of California. The District and Contractor shall each act in good faith in performing their respective obligations set forth in this Agreement. 21 W\6886003B\WA SLO.18 IN WITNESS WHEREOF the Contractor has executed this Agreement with the approval of its governing body, and caused its official seal to be affixed and the District has executed this Agreement in accordance with the authorization of its Board of Directors. SAN LUIS OBISPO COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT Attest: By Chairman CITY OF SAN LUIS OBISPO [SEAL] Attest: By Mayor By: Clerk 22 W\68860038\WA SLO.1X EXHIBIT A PART I: SCHEDULE OF STATE WATER ALLOTMENTS State Water Local Allotment Contractor Facility Contractor (acre feet) Share Share 1. 2. 3 . 4. S. 6 . 7. 8 . 9 . 10. 11. 12 . 13 . 14. 15 . A-1 W\68860038\MA SIA.1% EXHIBIT B [This opinion shall be delivered upon execution of the Water Treatment Agreement] April _, 1992 San Luis Obispo County Flood Control and Water Conservation District County Government Center San Luis Obispo, California 93408 City of San Luis Obispo [Address] Central Coast Water Authority 3301 Laurel Canyon Road Santa Barbara, California 93105-2017 Ladies and Gentlemen: We are acting as general counsel to City of San Luis Obispo (the "Contractor") under the Water Treatment and Local Facilities Agreement, dated as of March 1, 1992 (the "Water Treatment Agreement") and the Water Supply Agreement, dated , 1992 (the "Water Supply Agreement") (the Water Treatment Agreement and the Water Supply Agreement collectively referred to as the "Agreement") , between the San Luis Obispo County Flood Control and Water Conservation District (the "District") and the Contractor, and have acted as general counsel to the Contractor in connection with the matters referred to herein. As such counsel we have examined and are familiar with (i) documents relating to the existence, organization and operation of the Contractor provided to us by the Contractor, (ii) certifications by officers of the Contractor, (iii) all necessary documentation of the Contractor relating to the authorization, execution and delivery of the Agreement, and (iv) an executed counterpart of the Agreement. Terms used herein and not otherwise defined have the respective meanings set forth in the Agreement. Based upon the foregoing and such examination of law and such other information, papers and documents as we deem necessary or advisable to enable us to render this opinion, including the Constitution and laws of the State of California, together with the resolutions, ordinances and public proceedings of the Contractor, we are of the opinion that: 1. The Contractor is a city, duly created, organized and existing under the laws of the State of California and duly qualified to furnish water service within its boundaries. W\68860035\WA SLo.IX San Luis Obispo County Flood Control and Water Conservation District City of San Luis Obispo Central Coast Water Authority April _, 1992 Page 2 2. The Contractor has legal right, power and authority to enter into the Agreement and to carry out and consummate all transactions reasonably contemplated thereby, and the Contractor has complied with the provisions of applicable law relating to such transactions. 3 . The Agreement has been duly authorized, executed and delivered by the Contractor, is in full force and effect as to the Contractor in accordance with its terms and, subject to the qualifications set forth in the second to the last paragraph hereof, and assuming that the District has all requisite power and authority, and has taken all necessary action, to authorize, execute and deliver such Agreement, the Agreement constitutes the valid and binding obligation of the Contractor. 4. The obligations of the Contractor to make payments under the Agreement from the Revenues of its Contractor Water System or other lawfully available funds as provided in Section 5 of the Agreement is a valid, legal and binding obligation of the Contractor enforceable in accordance with its terms. 5 . No approval, consent or authorization of any governmental or public agency, authority or person is required for the execution and delivery by the Contractor of the Agreement. 6 . The authorization, execution and delivery of the Agreement and compliance with the provisions thereof will not conflict with or constitutea breach of, or default under, any instrument relating to the organization, existence or operation of the Contractor, any commitment, agreement or other instrument to which the Contractor is a party or by which it or its property is bound or affected, or any ruling, regulation, ordinance, judgment, order or decree to which the Contractor (or any of its officers in their respective capacities as such) is subject or any provision of the laws of the State of California relating to the Contractor and its affairs. 7. There is no action, suit, proceeding, inquiry or investigation at law or in equity, or before any court, public board or body, pending or, to our knowledge, threatened against or affecting the Contractor or any entity affiliated with the Contractor or any of its officers in their respective capacities as such, which questions the powers of the Contractor referred to in paragraph 2 above or the validity of the proceedings taken by the Contractor in connection with the authorization, execution or W\68860038\WA SLO.IX /a ��+ / San Luis Obispo County Flood Control and Water Conservation District City of San Luis Obispo Central Coast Water Authority April _, 1992 Page 3 delivery of the Agreement, or wherein any unfavorable decision, ruling or finding would materially adversely affect the transactions contemplated by the Agreement, or which would adversely affect the validity or enforceability of the Agreement. The opinion expressed in paragraph 3 above is qualified to the extent that the enforceability of the Agreement may be limited by any applicable bankruptcy, insolvency, reorganization, arrangement, moratorium, or other laws affecting creditors, rights, to the application of equitable principles and to the exercise of judicial discretion in appropriate cases and to the limitations on legal remedies against public agencies in the State of California and provided that no opinion is expressed with respect to any indemnification or contribution provisions contained therein. This opinion is rendered only with respect to the laws of the State of California and the United States of America and is addressed only to the District, the Contractor and the Central Coast Water Authority. No other person is entitled to rely on this opinion, nor may you rely on it in connection with any transactions other than those described herein. Very truly yours, W\68860038\WA SLO.l% EXHIBIT C [This opinion shall be delivered upon execution of the Water Treatment Agreement] April _, 1992 San Luis Obispo County Flood Control and Water Conservation District County Government Center San Luis Obispo, California 93408 Water Purchasers Listed on Exhibit A attached hereto Central Coast Water Authority 3301 Laurel Canyon Road Santa Barbara, California 93105-2017 Ladies and Gentlemen: We are acting as special counsel to the San Luis Obispo County Flood Control and Water Conservation District (the "District") under certain Water Treatment and Local Facilities Agreements, dated as of March 1, 1992 and certain Water Supply Agreements, dated as of , 1992, between the District and each of the water contractors (each a "Contractor") identified on Exhibit A attached hereto (collectively, the "Agreement") in connection with the matters referred to herein. As such counsel we have examined and are familiar with (i) documents relating to the existence, organization and operation of the District provided to us by the District, (ii) certifications by officers of the District, (iii) all necessary documentation of the District relating to the authorization, execution and delivery of the Agreement, and (iv) an executed counterpart of the Agreement. Terms used herein and not otherwise defined have the respective meanings set forth in the Agreement. Based upon the foregoing and such examination of law and such other information, papers and documents as we deem necessary or advisable to enable us to render this opinion, including the Constitution and laws of the State of California, together with the resolutions, ordinances and public proceedings of the District, we are of the opinion that: 1. The District is a flood control district, duly created, organized and existing under the laws of the State of California. 2 . The District has legal right, power and authority to enter into the Agreement and to carry out and consummate all transactions reasonably contemplated thereby, and the District W\6886003B\WA SLO.1S San Luis Obispo County Flood Control and Water Conservation District Water Purchasers Listed on Exhibit A Attached hereto Central Coast Water Authority April _, 1992 Page 2 has complied with the provisions of applicable law relating to such transactions. 3 . The Agreement has been duly authorized, executed and delivered by the District, is in full force and effect as to the District in accordance with its terms and, subject to the qualifications set forth in the second to the last paragraph hereof, and assuming that each Contractor has all requisite power and authority, and has taken all necessary action, to authorize, execute and deliver such Agreement, the Agreement constitutes the valid and binding obligation of the District. 4. No approval, consent or authorization of any governmental or public agency, authority or person is required for the execution and delivery by the District of the Agreement. 5 . The authorization, execution and delivery of the Agreement and compliance with the provisions thereof will not conflict with or constitute a breach of, or default under, any instrument relating to the organization, existence or operation of the District, any commitment, agreement or other instrument to which the District is a party or by which it or its property is bound or affected, or, to the best of our knowledge, any ruling, regulation, ordinance, judgment, order or decree to which the District (or any of its officers in their respective capacities as such) is subject or any provision of the laws of the State of California relating to the District and its affairs. 6 . There is no action, suit, proceeding, inquiry or investigation at law or in equity, or before any court, public board or body, pending or, to our knowledge, threatened against or affecting the District or any of its officers in their respective capacities as such, which questions the powers of the District referred to in paragraph 2 above or the validity of the proceedings taken by the District in connection with the authorization, execution or delivery of the Agreement, or wherein any unfavorable decision, ruling or finding would materially adversely affect the transactions contemplated by the Agreement, or which, in any way, would adversely affect the validity or enforceability of the Agreement. The opinion expressed in paragraph 3 above is qualified to the extent that the enforceability of the Agreement may be limited by any applicable bankruptcy, insolvency, reorganization, arrangement, moratorium, or other laws affecting creditors' rights, to the application of equitable principles and W\68860038\WA SLO.IX San Luis Obispo County Flood Control and Water Conservation District Water Purchasers Listed on Exhibit A Attached hereto Central Coast Water Authority April _, 1992 Page 3 to the exercise of judicial discretion in appropriate cases and to the limitations on legal remedies against public agencies in the State of California and provided that no opinion is expressed with respect to any indemnification or contribution provisions contained therein. This opinion is rendered. only with respect to the laws of the State of California and the United States of America and is addressed only to the District, the Contractors and the Central Coast Water Authority. No other person is entitled to rely on this opinion, nor may you rely on it in connection with any transactions other than those described herein. Very truly yours, W\6886003B\WA SIA.1% WATER PURGHASER. ADDRESSEES OF DISTRICT .COUNSEL OPINION SCHEDULE A. W\6886063B\WA-SL0-IX .Y—TBIT D' LIST OF NOTES, BONDS OR OT--.ER OBLIGATIONS OF T?iB CONTRACTOR AS OF DATE OF EXECViIO?N TO WF"ICH CONTRACTOR ABATER SYSTEM REVEN-03S ARE PLEDGED PRINCIPAL M-A.XIMMN2 AN-rJAL D-SCR:_-T:ON BALANCE AS OF DEBT SERVICE 04/13/92 Whale Rock General Obligation Bonds - Series A $ 940,000.00 $157,050.00 Whale Rock General Obligation $ 320,000.00 $ 51,000.00 Bonds - Series B 1988 Fater Certificates of Participation $4,610,000.00 $480,837.50 D-1 ii\6666003B\WA SL0.1X � -Cot