PISMO BEACH CITY COUNCIL
PISMO BEACH PUBLIC FINANCING AGENCY BOARD
OF DIRECTORS
CENTRAL COAST BLUE REGIONAL RECYCLED
WATER AUTHORITY BOARD OF DIRECTORS
STAFF REPORT
Agenda Item #9.G
Meeting Date: October 6, 2026
TITLE:
Dissolution of the Central Coast Blue Regional Recycled Water Authority
RECOMMENDATION:
Pismo Beach City Council:
1. Adopt a Resolution authorizing the dissolution of the Central Coast Blue Regional Recycled Water Authority, execution of a Termination Agreement, and execution of any and all related actions necessary to terminate the Authority;
Pismo Beach Public Financing Agency Board of Directors:
2. Adopt a Resolution authorizing the dissolution of the Central Coast Blue Regional Recycled Water Authority, execution of a Termination Agreement, and execution of any and all related actions necessary to terminate the Authority;
Central Coast Blue Regional Recycled Water Authority Board of Directors:
3. Adopt a Resolution authorizing the dissolution of the Authority and execution of any and all related actions necessary to terminate the Authority.
DISCUSSION:
The Cities of Arroyo Grande, Grover Beach, and Pismo Beach entered into a joint exercise of powers agreement (Agreement) for participation in the Central Coast Blue recycled water project, which Agreement established the Central Coast Blue Regional Recycled Water Authority (JPA) effective October 7, 2022.
Effective June 30, 2024, the cities collectively agreed, by the First Amendment to the Agreement, to reflect the withdrawal of Arroyo Grande and Grover Beach, at the request of those cities, and to reflect the addition of the Pismo Beach Public Financing Agency as a Member Agency, as well as other amended provisions. Effective July 1, 2024, the remaining Member Agencies collectively agreed, by the Second Amendment to the Agreement, to formally effectuate the Pismo Beach Public Financing Agency’s status as a signatory to the Agreement. As such, the City of Pismo Beach and the Pismo Beach Public Financing Agency are currently the sole members of the JPA.
At present, all grant funds and other assets for the Central Coast Blue project belong to the City of Pismo Beach, the real property necessary for the construction of the treatment facility and its ancillary wells has been transferred to the ownership of the City of Pismo Beach, and at such time that contracts are awarded for the project, including design, construction, construction management, and inspection, those vendor services will be Council Agenda 10-6-2026 9.G-1
awarded by and contracted with the City of Pismo Beach. No other agencies have come forth as project partners, and as such, there is no longer a need for a JPA to own or manage any aspect of the project or related assets. The JPA, as a stand-alone legal entity, is staffed by existing Pismo Beach officials and requires its own, separate corporate administration and compliance with open meeting laws, tax and finance laws, public records laws, political reform laws, the maintenance of legal counsel, etc., which requires a significant investment of time and energy that is now superfluous.
Staff therefore recommends that the Central Coast Blue Regional Recycled Water Authority be terminated and dissolved, and that any of the JPA’s remaining tangible and intangible assets be transferred to the City of Pismo Beach. Staff recommends that the Council authorize the Administrative Services Director to make the closeout entries and discontinue the Authority water and wastewater funds after receivables, payables, assets, and obligations are resolved. The Public Financing Agency is an entity administered by the City of Pismo Beach, and as such there is no aspect of the dissolution that requires negotiation with other agencies.
The resolutions provided as Attachments 1, 2, and 3 will authorize the dissolution of the JPA through action of the Member Agencies (the City of Pismo Beach and the Pismo Beach Public Financing Agency, respectively) and approval of the Board of the Authority itself, through execution of a JPA Termination Agreement (Attachment 4). The attached resolutions authorize the personnel of the agencies to take any further steps necessary to effectuate the dissolution, which process will involve filings with California tax agencies, the Secretary of State, the Attorney General, and others. This process is expected to take six to 12 months, but the process may take longer.
Conclusion and Recommendation
In order to simplify the administration of the Central Coast Blue project and eliminate the superfluous legal entity, staff recommends that the City Council, the Board of Directors of the Public Financing Agency, and the Board of Directors of the Central Coast Blue Regional Recycled Water Authority adopt respective resolutions (Attachments 1, 2, and 3) authorizing the dissolution of the Authority, the execution of a Termination Agreement (Attachment 4), and directing personnel to take all further actions necessary to effectuate the corporate dissolution.
FISCAL IMPACT:
There is no additional fiscal impact associated with adopting the three resolutions as the City of Pismo Beach already holds all the assets, grants, revenues, and expenditures of the Central Coast Blue project.
The City maintains two separate funds for the water and wastewater components of the Authority. The City resolution includes the Council authorizing the Administrative Services Director to make the accounting entries and discontinue the Authority water and wastewater funds after receivables, payables, assets, and obligations are resolved.
Council Agenda 10-6-2026 9.G-2
ATTACHMENTS:
1. City Council Resolution
2.Public Financing Agency Board of Directors Resolution
3. CCBRRWA Board of Directors Resolution
4. Termination Agreement
Submitted by: Erica Kirkwood, City Clerk
City Manager Approval:
Council Agenda 10-6-2026 9.G-3
RESOLUTION NO. R-2026-XXX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PISMO BEACH,
CALIFORNIA AUTHORIZING THE DISSOLUTION OF THE CENTRAL COAST BLUE
REGIONAL RECYCLED WATER AUTHORITY, EXECUTION OF A TERMINATION
AGREEMENT, AND EXECUTION OF ANY AND ALL RELATED ACTIONS
NECESSARY TO TERMINATE THE AUTHORITY
WHEREAS, the Cities of Arroyo Grande, Grover Beach, and Pismo Beach (collectively the “Original Member Agencies”) entered into a joint exercise of powers agreement (“Agreement”) for participation in the Central Coast Blue recycled water project, which Agreement established the Central Coast Blue Regional Recycled Water Authority (“Authority”) as a joint powers authority under Section 6500 et seq. of the Government Code of the State of California, effective October 7, 2022; and WHEREAS, the Original Member Agencies collectively agreed, by the First Amendment to the Agreement, to reflect the withdrawal of Arroyo Grande and Grover Beach, and to reflect the addition of the Pismo Beach Public Financing Agency as a Member Agency, under the Agreement, as well as other amended provisions, effective June 30, 2024; and WHEREAS, the remaining Member Agencies collectively agreed, by the Second Amendment to the Agreement, to formally effectuate the Pismo Beach Public Financing Agency’s status as a signatory to the Agreement, effective July 1, 2024; and WHEREAS, the Agreement states in Section 8.1 that “This Agreement shall […] continue in full force and effect until terminated by the mutual written agreement of all Member Agencies”; and
WHEREAS, the City of Pismo Beach and the Pismo Beach Public Financing Agency are the sole Member Agencies to the Authority; and
WHEREAS, the Member Agencies now desire to terminate the Authority; and WHEREAS, all assets, liabilities, contracts, and other powers and obligations of the Authority have been, or readily can be, transferred to, or are already within the control of, the City of Pismo Beach, including personnel, grant funding awards, budgeted funds, service agreements and leases, contractor and consultant solicitations, and real property, and as such there remains no need for a joint powers agreement between multiple agencies; and
WHEREAS, all other legal prerequisites to the Termination Agreement have been satisfied, and the Termination Agreement furthers the common benefit of the inhabitants of the city of Pismo Beach; and
Council Agenda 10-6-2026 9.G-4
Attachment 1
WHEREAS, the Board of Directors of the Pismo Beach Public Financing Agency has, on October 6, 2026, authorized the dissolution of the Authority and directed the Agency’s Executive Director to execute the Termination Agreement; and WHEREAS, the Board of Directors of the Central Coast Blue Regional Recycled Water Authority has, on October 6, 2026, authorized the dissolution of the Authority.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Pismo Beach as follows:
1. The foregoing recitals are hereby incorporated as findings of fact.
2. The Council hereby authorizes and directs the termination and dissolution of the Central Coast Blue Regional Recycled Water Authority.
3. The Council hereby authorizes and directs the transfer of any remaining assets of the Authority to the City of Pismo Beach.
4. The Council hereby authorizes and directs the City Manager to execute the Termination Agreement between the Member Agencies that will dissolve the Authority, in substantially the form attached to staff’s report dated October 6, 2026, along with all necessary and related documents to effectuate the termination of the Authority and the transfer of assets to the City of Pismo Beach.
5. The Council hereby authorizes and directs the City Clerk, Administrative Services Director/Treasurer, City Manager, and other personnel to take any and all further actions, including making accounting entries and discontinuing the Authority water and wastewater funds after receivables, payables, assets, and obligations are resolved, including execution of any related documents necessary to effectuate the dissolution.
6. This authorization shall be contingent upon action of the other Member Agency (to wit, the Pismo Beach Public Financing Agency) to authorize and execute the same.
UPON MOTION OF Council Member , seconded by Council Member , the foregoing resolution was adopted by the City Council of the City of Pismo Beach this 6th day of October 2026, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
RECUSED:
Council Agenda 10-6-2026 9.G-5
Attachment 1
Approved: Attest:
________________________ ________________________
Ed Waage, Mayor Erica Kirkwood, City Clerk
IN WITNESS WHEREOF, I have hereunto set my hand and official seal of the City of Pismo Beach on _______________________.
________________________
Erica Kirkwood, City Clerk
Council Agenda 10-6-2026 9.G-6
Attachment 1
RESOLUTION NO. PFA2-R-2026-XXX
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE PISMO BEACH PUBLIC
FINANCING AGENCY AUTHORIZING THE DISSOLUTION OF THE CENTRAL
COAST BLUE REGIONAL RECYCLED WATER AUTHORITY, EXECUTION OF A
TERMINATION AGREEMENT, AND EXECUTION OF ANY AND ALL RELATED
ACTIONS NECESSARY TO TERMINATE THE AUTHORITY
WHEREAS, the Cities of Arroyo Grande, Grover Beach, and Pismo Beach (collectively the “Original Member Agencies”) entered into a joint exercise of powers agreement (“Agreement”) for participation in the Central Coast Blue recycled water project, which Agreement established the Central Coast Blue Regional Recycled Water Authority (“Authority”) as a joint powers authority under Section 6500 et seq. of the Government Code of the State of California, effective October 7, 2022; and WHEREAS, the Original Member Agencies collectively agreed, by the First Amendment to the Agreement, to reflect the withdrawal of Arroyo Grande and Grover Beach, and to reflect the addition of the Pismo Beach Public Financing Agency as a Member Agency, under the Agreement, as well as other amended provisions, effective June 30, 2024; and WHEREAS, the remaining Member Agencies collectively agreed, by the Second Amendment to the Agreement, to formally effectuate the Pismo Beach Public Financing Agency’s status as a signatory to the Agreement, effective July 1, 2024; and WHEREAS, the Agreement states in Section 8.1 that “This Agreement shall […] continue in full force and effect until terminated by the mutual written agreement of all Member Agencies”; and
WHEREAS, the City of Pismo Beach and the Pismo Beach Public Financing Agency are the sole Member Agencies to the Authority; and
WHEREAS, the Member Agencies now desire to terminate the Authority; and WHEREAS, all assets, liabilities, contracts, and other powers and obligations of the Authority have been, or readily can be, transferred to, or are already within the control of, the City of Pismo Beach, including personnel, grant funding awards, budgeted funds, service agreements and leases, contractor and consultant solicitations, and real property, and as such there remains no need for a joint powers agreement between multiple agencies; and
WHEREAS, all other legal prerequisites to the Termination Agreement have been satisfied, and the Termination Agreement furthers the common benefit of the inhabitants of the city of Pismo Beach; and
Council Agenda 10-6-2026 9.G-7
Attachment 2
WHEREAS, the City Council of the City of Pismo Beach has, on October 6, 2026, authorized the dissolution of the Authority and directed the City Manager to execute the Termination Agreement; and
WHEREAS, the Board of Directors of the Central Coast Blue Regional Recycled Water Authority has, on October 6, 2026, authorized the dissolution of the Authority.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Pismo Beach Public Financing Agency as follows:
1. The foregoing recitals are hereby incorporated as findings of fact.
2. The Board hereby authorizes and directs the termination and dissolution of the Central Coast Blue Regional Recycled Water Authority.
3. The Board hereby authorizes and directs the transfer of any remaining assets of the Authority to the City of Pismo Beach.
4. The Board hereby authorizes and directs the Executive Director to execute the Termination Agreement between the Member Agencies that will dissolve the Authority, in substantially the form attached to staff’s report dated October 6, 2026, along with all necessary and related documents to effectuate the termination of the Authority and the transfer of assets to the City of Pismo Beach.
5. The Board hereby authorizes and directs the Secretary, Treasurer, Executive Director, and other personnel to take any and all further actions, including execution of any related documents, necessary to effectuate the dissolution.
6. This authorization shall be contingent upon action of the other Member Agency (to wit, the City of Pismo Beach) to authorize and execute the same.
UPON MOTION OF Board Member , seconded by Board Member , the foregoing resolution was adopted by the Board of Directors of the Pismo Beach Public Financing Agency this 6th day of October 2026, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
RECUSED:
Approved: Attest:
________________________ ________________________
Ed Waage, Chair Erica Kirkwood, Secretary
Council Agenda 10-6-2026 9.G-8
Attachment 2
RESOLUTION NO. JPA-R-2026-XXX
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CENTRAL COAST
BLUE REGIONAL RECYCLED WATER AUTHORITY AUTHORIZING THE
DISSOLUTION OF THE AUTHORITY AND EXECUTION OF AND ALL RELATED
ACTIONS NECESSARY TO TERMINATE THE AUTHORITY
WHEREAS, the Cities of Arroyo Grande, Grover Beach, and Pismo Beach (collectively the “Original Member Agencies”) entered into a joint exercise of powers agreement (“Agreement”) for participation in the Central Coast Blue recycled water project, which Agreement established the Central Coast Blue Regional Recycled Water Authority (“Authority”) as a joint powers authority under Section 6500 et seq. of the Government Code of the State of California, effective October 7, 2022; and WHEREAS, the Original Member Agencies collectively agreed, by the First Amendment to the Agreement, to reflect the withdrawal of Arroyo Grande and Grover Beach, and to reflect the addition of the Pismo Beach Public Financing Agency as a Member Agency, under the Agreement, as well as other amended provisions, effective June 30, 2024; and WHEREAS, the remaining Member Agencies collectively agreed, by the Second Amendment to the Agreement, to formally effectuate the Pismo Beach Public Financing Agency’s status as a signatory to the Agreement, effective July 1, 2024; and WHEREAS, the Agreement states in Section 8.1 that “This Agreement shall […] continue in full force and effect until terminated by the mutual written agreement of all Member Agencies”; and
WHEREAS, the City of Pismo Beach and the Pismo Beach Public Financing Agency are the sole Member Agencies to the Authority; and
WHEREAS, the Member Agencies now desire to terminate the Authority; and WHEREAS, all assets, liabilities, contracts, and other powers and obligations of the Authority have been, or readily can be, transferred to, or are already within the control of, the City of Pismo Beach, including personnel, grant funding awards, budgeted funds, service agreements and leases, contractor and consultant solicitations, and real property, and as such there remains no need for a joint powers agreement between multiple agencies; and
WHEREAS, all other legal prerequisites to the Termination Agreement have been satisfied, and the Termination Agreement furthers the common benefit of the inhabitants of the city of Pismo Beach; and
Council Agenda 10-6-2026 9.G-9
Attachment 3
WHEREAS, the Board of Directors of the Pismo Beach Public Financing Agency has, on October 6, 2026, authorized the dissolution of the Authority and directed the Agency’s Executive Director to execute the Termination Agreement; and WHEREAS, the City Council of the City of Pismo Beach has, on October 6, 2026, authorized the dissolution of the Authority and directed the City Manager to execute the Termination Agreement.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Central Coast Blue Regional Recycled Water Authority as follows:
1. The foregoing recitals are hereby incorporated as findings of fact.
2. The Board hereby authorizes and directs the termination and dissolution of the Central Coast Blue Regional Recycled Water Authority.
3.The Board hereby authorizes and directs the transfer of any remaining assets of the Authority to the City of Pismo Beach.
4.The Board hereby authorizes and directs the Authority Clerk, Treasurer, General Manager, and other personnel to take any and all further actions, including execution of any related documents, necessary to effectuate the dissolution.
5.This authorization shall be contingent upon actions of the Member Agencies (to wit, the City of Pismo Beach and the Pismo Beach Public Financing Agency) to authorize and execute the same.
UPON MOTION OF Board Member , seconded by Board Member , the foregoing resolution was adopted by the Board of Directors of the Central Coast Blue Regional Recycled Water Authority this 6th day of October 2026, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
RECUSED:
Approved: Attest:
________________________ ________________________
Ed Waage, Chair Erica Kirkwood, Secretary
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the Central Coast Blue Regional Recycled Water Authority, on _______________________. ________________________
Erica Kirkwood, Secretary
Council Agenda 10-6-2026 9.G-10
Attachment 3
AGREEMENT TO TERMINATE AND DISSOLVE THE
CENTRAL COAST BLUE REGIONAL RECYCLED WATER AUTHORITY
AGREEMENT TO TERMINATE AND DISSOLVE THE CENTRAL COAST BLUE
REGIONAL RECYCLED WATER AUTHORITY
THIS AGREEMENT TO TERMINATE THE CENTRAL COAST BLUE REGIONAL RECYCLED WATER AUTHORITY (“Termination Agreement”), is made and entered into as of the date the Termination Agreement is fully executed by all parties, by and between the City of Pismo Beach, a California Municipal Corporation (“City”) and the Pismo Beach Public Financing Agency (“Agency”), herein referred to individually as a “Party,” and jointly as the “Parties”. For and in consideration of the mutual covenants and promises set forth herein, the Parties agree as set forth below, with reference to the following facts:
RECITALS
A.WHEREAS, the Cities of Arroyo Grande, Grover Beach, and Pismo Beach (collectively the “Original Member Agencies”) entered into a joint exercise of powers agreement (“Agreement”) for participation in the Central Coast Blue recycled water project, which Agreement established the Central Coast Blue Regional Recycled Water Authority (“Authority” or “JPA”) as a joint powers authority under Section 6500 et seq. of the Government Code of the State of California, effective October 7, 2022; and B.WHEREAS, the Original Member Agencies collectively agreed, by the First Amendment to the Agreement, to reflect the withdrawal of Arroyo Grande and Grover Beach, and to reflect the addition of the Pismo Beach Public Financing Agency as a Member Agency, under the Agreement, as well as other amended provisions, effective June 30, 2024; and C.WHEREAS, the remaining Member Agencies collectively agreed, by the Second Amendment to the Agreement, to formally effectuate the Pismo Beach Public Financing Agency’s status as a signatory to the Agreement, effective July 1, 2024; and D.WHEREAS, the Agreement states in Section 8.1 that “This Agreement shall […] continue in full force and effect until terminated by the mutual written agreement of all Member Agencies”; and
E.WHEREAS, the City of Pismo Beach and the Pismo Beach Public Financing Agency are the sole Member Agencies to the Authority; and
F.WHEREAS, the Member Agencies now desire to terminate the Authority; and G.WHEREAS, all assets, liabilities, contracts, and other powers and obligations of the Authority have been, or readily can be, transferred to, or are already within the control of, the City of Pismo Beach, including personnel, grant funding awards, budgeted funds, service agreements and leases, contractor and consultant solicitations, and real property, and as such there remains no need for a joint powers agreement between multiple agencies; and
H.WHEREAS, all other legal prerequisites to the Termination Agreement have been satisfied, and the Termination Agreement furthers the common benefit of the inhabitants of the city of Pismo Beach; and
Council Agenda 10-6-2026 9.G-11
Attachment 4
AGREEMENT TO TERMINATE AND DISSOLVE THE
CENTRAL COAST BLUE REGIONAL RECYCLED WATER AUTHORITY
I. WHEREAS, the City Council of the City of Pismo Beach, the Board of Directors of the Pismo Beach Public Financing Agency, and the Board of Directors of the Central Coast Blue Regional Recycled Water Authority have, by legislative action on October 6, 2022, authorized and directed the termination and dissolution of the Authority.
NOW THEREFORE, in consideration of the mutual covenants, agreements, and representations contained in this Termination Agreement, City and Agency agree as follows:
ARTICLE I
INCORPORATION OF RECITALS
1. The foregoing recitals are true and correct, and incorporated herein by the Parties as a material aspect of this Termination Agreement.
ARTICLE II
TERMINATION OF THE AUTHORITY
2. JPA Termination. Pursuant to the terms and conditions contained in this Termination Agreement, City and Agency agree to terminate and dissolve the Central Coast Blue Regional Recycled Water Authority joint powers authority as of the effective date of the latest resolution approving this Termination Agreement adopted by the governing bodies of the Parties.
ARTICLE III
TRANSFER OF AUTHORITY ASSETS
3.1 Transfer of Assets. Pursuant to the Authority Agreement Section 8.3, as revised by Amendment 1 to the Agreement, which states in pertinent part, “Upon termination of this Agreement, only those Member Agencies who are parties to this Agreement at the time of termination shall be permitted to participate in disbursement of Authority assets”, the Parties agree that all assets of the Authority shall be transferred to the City of Pismo Beach.
3.2 Rights to Recycled Water. The Parties hereto acknowledge and agree that the recycled water injected into the ground as part of the Central Coast Blue project and pursuant to the Authority Agreement, as well as all new developed water subsequently extracted, is New Developed Water as defined in the January 25, 2008 Judgment entered by the Santa Clara Superior Court in the “Santa Maria Groundwater Adjudication litigation” and is an asset of the Authority to be transferred to the City.
ARTICLE IV
REPRESENTATIONS AND WARRANTIES
4.1 City’s Representations and Warranties. City makes the following covenants, representations and warranties, each of which is material and is being relied upon by Agency:
A. Authority. City has the legal power, right, and authority to enter into this Termination Agreement and the instruments referenced herein, and to consummate the transactions contemplated hereby; requisite action has been Council Agenda 10-6-2026 9.G-12
Attachment 4
AGREEMENT TO TERMINATE AND DISSOLVE THE
CENTRAL COAST BLUE REGIONAL RECYCLED WATER AUTHORITY
taken by City in connection with the entering into of this Termination Agreement and the instruments referenced herein, and the consummation of the transactions contemplated hereby; and no consent of any other party is required.
B. Legal Power. The individuals executing this Termination Agreement and the instruments referenced herein on behalf of City, have the legal power, right and actual authority to bind City to the terms and conditions hereof and thereof.
4.2 Agency’s Representations, Warranties and Covenants. Agency makes the following representations, warranties and covenants, each of which is material and is being relied upon by City:
A. Authority. Agency has the legal power, right and authority to enter into this Termination Agreement and the instruments referenced herein, and to consummate the transactions contemplated hereby; all requisite action has been taken by Agency in connection with the entering into of this Termination Agreement and the instruments referenced herein, and the consummation of the transactions contemplated hereby; and no consent of any other party is required.
ARTICLE V
MISCELLANEOUS
5.1 Cooperation. Agency and City acknowledge that it may be necessary to execute documents other than those specifically referred to in this Termination Agreement to complete the dissolution of the Authority and transfer of its assets. Each party shall reasonably cooperate with the other in connection with the requirements imposed by this Termination Agreement upon the other, to the end that neither party shall act in any manner to impede the other in performing its obligations under this Termination Agreement. Agency and City hereby agree to cooperate with each other by executing such other documents or taking such other action as may be reasonably necessary in accordance with the intent of the parties as evidenced by this Termination Agreement, provided such documents do not create any additional liability or expense for such party not contemplated by this Termination Agreement.
5.2 Interpretation. This Termination Agreement shall be construed and enforced in accordance with the laws of the State of California as applicable to contracts entered into in California among parties doing business therein. This Termination Agreement may not be modified or amended in any way except by a writing executed by both Agency and City. The section headings of this Termination Agreement are for convenience only and are not to be construed as part of this Termination Agreement and do not in any way amplify or define the terms, conditions, and covenants of this Termination Agreement and shall not be used in construction or interpretation of this Termination Agreement.
There are no third-party beneficiaries to this Termination Agreement. Unless the context otherwise indicates, whenever used in this Termination Agreement, the word “party” or “parties” means Agency or City or both, as the context may require. Time is of the essence in the performance of each term of this Termination Agreement.
5.3 Successors and Assigns. This Termination Agreement shall be binding upon and inure to the benefits of the successors and assigns of the parties to this Termination Agreement.
Council Agenda 10-6-2026 9.G-13
Attachment 4
AGREEMENT TO TERMINATE AND DISSOLVE THE
CENTRAL COAST BLUE REGIONAL RECYCLED WATER AUTHORITY
5.4 Severability. If any term or provision of this Termination Agreement is determined to be invalid or unenforceable, the remaining terms and provisions shall not be affected thereby and shall remain in full force and effect to the maximum extent permitted by law.
5.5 Dates. Whenever any determination is to be made or action is to be taken on a date specified in this Termination Agreement, if such date shall fall on Saturday, Sunday, or legal holiday under the laws of the State of California, then in such event said date shall be extended to the next day which is not a Saturday, Sunday, or legal holiday.
5.6 Limitation of Liability. No advisor, trustee, director, officer, partner, member, employee, beneficiary, shareholder, participant or agent of or in City or Agency shall have any personal liability, directly or indirectly, under or in connection with this Termination Agreement or any agreement made or entered into under or pursuant to the provisions of this Termination Agreement, or any amendment or amendments to any of the foregoing made at any time or times, heretofore or hereafter. The terms of this Section survive the Closing or termination of this Termination Agreement.
5.7 Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original and all of which together shall constitute one and the same agreement.
IN WITNESS WHEREOF, the parties have executed this Termination Agreement as of the date last written below.
City of Pismo Beach
_________________________________
Jorge E. Garcia, City Manager
Dated:________________________
Attest:
_________________________________
Erica Kirkwood, City Clerk
Pismo Beach Public Financing Agency
_________________________________
Jorge E. Garcia, Executive Director
Dated:________________________
Attest:
_________________________________
Erica Kirkwood, Secretary
Council Agenda 10-6-2026 9.G-14
Attachment 4