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v 11 AGREEMENT ESTABLISHING A PLEDGE OF REVENUE . FOR CORRECTIVE ACTION AT COUNTY -OWNED LANDFILLS This Agreement establishes a Pledge of Revenue to assure that adequate funds are available to cant' out Corrective Action at the four landfills owned by the County of San Joaquin. This Agreement shall become effective immediately, and is made and entered into by and between the County of San Joaquin, a political subdivision of the State of California and the California Integrated Waste Management Board (CIWMB). WHEREAS, Public Resources Code, §43500 through §43610.1 and Title 27, California Code of Regulations (Regulations), Division 2, Subdivision 9, Chapter 6, require operators of solid waste landfills to demonstrate the availability of financial resources -to conduct corrective - action activities; and, WHEREAS, §22228 and §22245 of the Regulations specify a Pledge of Revenue as an acceptable mechanism to demonstrate financial responsibility for corrective action costs of solid waste landfills; and, WHEREAS, County owns four landfills that are operated in conformance with the findings, conditions, prohibitions and requlrements contained in their Solid Waste Facilities Permits (SWFs) issued by San Joaquin County Department of Environmental Health serving as ' the Local Enforcement Agency for the California integrated Waste Management Board, as follows: North County Recycling Center and Sanitary Landfill, SWF No -39 -AA -0022 Foothill Sanitary Landfill SWF No.39-AA-0004 Harney Lane Sanitary Landfill, SWF No.39-AA 0003 Corral Hollow Sanitary Landfli, SWF No.39-AA 0005 WHEREAS, County is pledging revenues from tipping fees of the North County Recycling Center and Sanitary. Landfill, the Foothill Sanitary Landfill, the Lovelace Recycling Center (Solid Waste Facility Permit 39 -AA -008), and other revenue sources that the Solid Waste Enterprise Fund may have, such revenues being deposited into the Solid Waste Enterprise Fund of San Joaquin County; and, WHEREAS, County has determined that projected net revenues from these sources during a hypothetical 30 -year corrective action period will be greater than the corrective action costs contained in the most recent cost estimate for corrective action at the landfills identified above, such cost estimates having been submitted to the CiWMB in accordance with §21840 of the Regulations.