2002-067RESOLUTION NO. 2002R-67
RESOLUTION OF THE CITY OF ANAHEIM, AUTHORIZING
OFFICIALS TO EXECUTE AND DELIVER THE MAGNOLIA
POWER PROJECT POWER SALES AGREEMENT AND
APPROVING THE SHARE OF CAPACITY AND ENERGY TO
BE PURCHASED PURSUANT TO THE MAGNOLIA POWER
PROJECT POWER SALES AGREEMENT
WHEREAS, in accordance with Ordinance No. 5809 of the City of
Anaheim (the ~Cit~'), the City Council of the City of Anaheim has
authorized entering into the Magnolia Power Project Power Sales
Agreement (the ~Power Sales Agreement") between the City and the
Southern California Public Power Authority (the "Authority'); and
WHEREAS, under the Power Sales Agreement the City will be
entitled to a percentage of the capacity and energy in the Magnolia
Power Project, a natural gas-fired generating facility and
associated facilities to be owned by the Authority and to be
located in the City of Burbank, a member of the Authority (the
"Magnolia Power Project"); and
WHEREAS, under the Power Sales Agreement, the City is to
specify the percentage of capacity and energy in the Magnolia Power
Project to which the City is entitled (the "Generation Entitlement
Share").
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of
Anaheim:
1. Each of the Public Utilities General Manager, the Public
Utilities Assistant General Manager-Finance and Administration and
the Public Utilities General Manager-Electric Services is hereby
authorized to execute and deliver the Power Sales Agreement, with
such changes, insertions and omissions as shall be approved by the
official executing the Power Sales Agreement (such approval to be
conclusively evidenced by such execution), and the City Clerk is
hereby authorized to attest to such signature.
2. The Generation Entitlement Share for the City to be set
forth in the Power Sales Agreement at the time of its execution and
delivery shall not exceed thirty one percent (31%) or approximately
ninety two (92) megawatts.
3. Each of the officials referred to in paragraph 1 above is
hereby authorized to execute and deliver any and all other
documents and instruments and to do and cause to be done any and
all acts and things necessary or advisable for carrying out the
transactions contemplated by this Resolution, including the
Authority's financing of the Magnolia Power Project for the benefit
of the City and the other participants in the Magnolia Power
Project.
4. This Resolution shall become effective immediately.
This Resolution is passed and adopted at a regular meeting of
the City Council of the City of Anaheim and signed by the Mayor and
attested by the City Clerk on this 19th day of March, 2002.
MAYOR OF T~E~I~Y OF A~HEIM
Attest:
CITY CLERK OF THE CITY OF ANAHEIM
43812.1/Imoses/March 11, 2002
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, SHERYLL SCHROEDER, City Clerk of the City of Anaheim, do hereby certify that the foregoing
Resolution No. 2002R-67 was introduced and adopted at a regular meeting provided by law, of
the Anaheim City Council held on the 19th day of March, 2002, by the following vote of the
members thereof:
AYES:
MAYOR/COUNCIL MEMBERS: Feldhaus, Tait, Kring, McCracken, Daly
NOES:
MAYOR/COUNCIL MEMBERS: None
ABSTAINED:
MAYOR/COUNCIL MEMBERS: None
ABSENT:
MAYOR/COUNCIL MEMBERS: None
(.~ITY CLEI~K OF THE CITY OF ANAHEIM
(SEAL)