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ATTACHMENT 4 DRA147 :-.27-111 THIS TRUST AGREEMENT dated as of February 1, 2017 (this "Trust Agreement") is entered into by and between the Finance Director of the City of Pleasanton (the "Trustee") and the Pleasanton Joint Powers Financing Authority(the "Authority"), a public entity and agency, duly organized and existing pursuant to an Agreement entitled "Joint Exercise of Powers Agreement by and between the City of Pleasanton and the Housing Authority of the City of Pleasanton" RECITALS WHEREAS, the Authority is anoint exercise of powers authority duly organized and operating pursuant to Article 1 of Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California, WHEREAS, Article 4 of Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California authorizes and empowers the Authority to issue bonds to assist local agencies in financing projects and programs consisting of certain public improvements or working capital or liability and other insurance needs whenever a local agency determines that there are significant public benefits from so doing, WHEREAS, the City of Pleasanton has determined that the consummation of the transactions contemplated in the Agreement (as hereinafter defined) and this Trust Agreement will result in significant savings to the City and other public benefits, WHEREAS, the Authority is empowered pursuant to the Agreement and the aforementioned Article 4 to cause the acquisition of the Project (as hereinafter defined) and to finance the Project through the issuance of its bonds, WHEREAS, the Authority has authorized the issuance of its Water Revenue Bonds, Series 2017 (the "Series 2017 Bonds"), in an aggregate principal amount of Seven Million Four Hundred Thousand Dollars ($7,400,000)to assist in financing the Project, WHEREAS, in order to reduce the borrowing costs of the Authority, and to best facilitate the financing of the Project, the Series 2017 Bonds shall be issued pursuant to Article 4 of Chapter 5 of Division 7 of Title 1 of the Government Code of State of California, WHEREAS, in order to provide for the authentication and delivery of the Bonds (as hereinafter defined),to establish and declare the terms and conditions upon which the Bonds are to be issued and secured and to secure the payment of the principal thereof premium, if any, and interest thereon, the Authority has authorized the execution and delivery of this Trust Agreement, WHEREAS, all acts and proceedings required by law necessary to make the Bonds, when executed by the Authority, authenticated and delivered by the Trustee and duly issued, the valid, binding and legal obligations of the Authority payable in accordance with their terms, and to constitute this Trust Agreement a valid and binding agreement of the parties hereto for the uses and purposes herein set forth in accordance with its terms, have been done and taken, and the execution and delivery of this Trust Agreement have been in all respects duly authorized, 1 2762680 2