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4664ORDINANCE NO. 4x,64 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ANAHEIM, CALIFORNIA, APPROVING THE TERMSAND CONDITIONS OF AN ASSIGNMENT AGREEMENT AND A POWER SALES CONTRACT; AND APPROVING THE ENTERING INTO OF SAID AGREEMENT AND CONTRACT. WHEREAS, pursuant to the provisions relating to the joint exercise of powers found in Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California, as amended (the "Joint Powers Act"), the City of Anaheim (the "City") and certain other public agencies created pursuant to the laws of the State of California (collectively, the "Members"), have entered into a Joint Powers Agreement, as amended (the "Agreement") creating the Southern California Public Power Authority (the "Authority"), a public entity separate and apart from the Members; and WHEREAS, the City has received a proposed entitlement and expects to enter into an agreement or agreements pursuant to which the City will purchase from the United States a percentage entitle- ment in the capacity of a project consisting of improvements made to increase the capacity of existing generating equipment and appurte- nances at the Hoover Power Plant as authorized by the Hoover Power Plant Act of 1984 (98 Stat. 1333) (the "Project"); and WHEREAS, in accordance with the Agreement and the Joint Powers Act, the Authority has power to enter into agreements to acquire rights to capacity in the Project from the City; and WHEREAS, this City Council finds and determines that it is in the best interests of the customers of the electric system of the City for the City to assign its right to capacity in the Project to the Authority pursuant to an assignment agreement; and WHEREAS, in accordance with the Agreement and the Joint Powers Act, the Authority has power to enter into agreements to sell capacity in the Project to the City; and WHEREAS, this City Council finds and determines that it is in the best interests of the customers of the electric system of the City for the City to contract with the Authority for capacity of the Project, pursuant to a power sales contract; and WHEREAS, payments by the City pursuant to the proposed power sales contract will be used in part by the Authority for pay- ment of principal of and interest on its bonds, notes or other evi- dences of indebtedness issued to finance the acquisition of capacity rights in the Project; follows: NOW, THEREFORE, the City of Anaheim does ordain as i. 1. The City Council hereby approves the terms and condi- tions of the Assignment Agreement dated for convenience as of November 1, 1985 submitted to this City Council. The City is hereby authorized to enter into the Assignment Agreement, and the Mayor and City Clerk are hereby authorized and directed to execute and deliver the Assignment Agreement by and on behalf of the City, with such changes, insertions and omissions as may be approved by the officer executing the same, said execution being conclusive evidence of such approval. 2. The City Council hereby approves the terms and condi- tions of the Power Sales Contract (including the entitlements of the City set forth in Appendix B thereto) dated for convenience as of November 1, 1985 submitted to this City Council. The City is hereby authorized to enter into the Power Sales Contract, and the Mayor and City Clerk are hereby authorized and directed to execute and deliver the Power Sales Contract by and on behalf of the City, with such changes, insertions and omissions as may be approved by the officer executing the same, said execution being conclusive evidence of such approval. 3. Pursuant to Section 54241 of the Government Code of the State of California, this Ordinance is subject to the provisions for referendum applicable to the City. 4. The City Council shall certify to the enactment of this Ordinance and shall cause this Ordinance to be published in accor- dance with Section 54242 of the Government Code of the estate of California. 5. Thirty (30) days from and after its enactment, this Ordinance shall take effect and be in full force, in the manner pro- vided by law. ADOPTED by the City Council and signed by the Mayor and atteste by the City Clerk this 5th day of November , 1985. Attest: CITY CLERK OF THE CLTY OF ANAHEIM ( SEAL) -2- MAYOR OF THE CITY OF ANAHEI STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing Ordinance No. 4664 was introduced at a regular meeting of the City Council of the City of Anaheim, held on the 29th day of October, 1985, and that the same was duly passed and adopted at a regular meeting of said City Council held on the 5th day of November, 1985, by the following vote of the members thereof: AYES: COUNCIL MEMBERS: Kaywood, Bay, Pickler, Overholt and Roth NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said Ordinance No. 4664 on the 5th day of November, 1985. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 5th day of November, 1985. CITY CLERK OF THE CITY OF ANAHEIM (SEAL) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original Ordinance No. 4664 and was published once in the Anaheim Bulletin on the 15th day of November, 1985. CITY CLERK