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implementation of the Prepaid Natural Gas Program on behalf of the members referenced herein; <br />and <br />WHEREAS, for the past several months the firm of a Holland & Hart LLP has <br />provided legal services associated with the review, negotiation, analysis and contract changes <br />which have occurred with respect to the agreements and instruments for the Prepaid Natural Gas <br />Program; and has been utilized to address a number of complex gas transactional and contract <br />issues associated with the proposed natural gas prepayment transaction; and <br />WHEREAS, the members of the Finance Committee at the Finance Committee <br />meeting held on September 10, 2007 recommended that the Board of Directors approve a <br />resolution to pay certain expenses of the Prepaid Natural Gas Program Projects incurred with <br />respect to Holland & Hart LLP through August 31, 2007 upon the expectation that these <br />payments will be reimbursed to those members participating in the Prepaid Natural Gas Program <br />at the time the Bonds are issued; and <br />WHEREAS, it is the intent of the Authority to reimburse itself from Bond <br />proceeds for any expenditures it makes with respect to the gas prepayment program prior to the <br />time the Bonds are issued (including, but not limited to, payments to the Authority's team of <br />legal, financing and gas contract professionals); <br />NOW THEREFORE BE IT RESOLVED by the Board of Directors as follows: <br />1. The Board of Directors hereby reaffirms the Prepaid Natural Gas Program undertaken for the <br />benefit of SCPPA members currently entailing the cities of Anaheim, Burbank, Colton, <br />Glendale, Pasadena, and the City of Los Angeles acting by and through the Department of <br />Water and Power, as a duly authorized Study Project of the Southern California Public Power <br />Authority. <br />2. The Board of Directors hereby authorizes the appropriation of those funds necessary to <br />discharge those fees incurred through August 31, 2007 by Holland & Hart, the Authority's <br />natural gas transactional counsel in the review, negotiation, analysis and contract changes <br />associated with the proposed natural gas prepayment transactional documents and in the <br />agreements and instruments for the Prepaid Natural Gas Program; and <br />3. The Board of Directors hereby authorizes the billing and collection as set forth herein of <br />those amounts necessary to discharge the above described expense incurred through <br />August 31, 2007. <br />4. The Board of Directors hereby provides for an additional contribution to the General Fund. <br />Such additional contribution shall be allocated among the cities of Anaheim, Burbank, <br />Colton, Glendale, Pasadena, and the City of Los Angeles acting by and through the <br />Department of Water and Power in accordance with each such city's respective entitlement <br />share based on gas volume in the SCPPA Prepaid Natural Gas Program. Such additional <br />contributions: <br />a. Shall be solely for the purpose of paying costs and expenses incurred by the authority <br />with respect to the Prepaid Natural Gas Program Projects and the contribution shall <br />2 <br />