Board Meeting Materials
2000 - 2009
4/19/2017 4:10:16 PM
4/19/2017 4:10:14 PM
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WHEREAS, the Board of Directors of the Authority, in its Resolution No. <br />1992-1, provided for the continuation of the General Fund and established a procedure <br />to be followed with respect to additional contributions to the General Fund; and <br />WHEREAS, the Board of Directors of the Authority, in its Resolution No. <br />1995-2, provided for a separate bank account (the Joint Planning Account) to hold and <br />disburse the additional contributions to the General Fund with respect to joint planning <br />matters; and <br />WHEREAS, the Board of Directors of the Authority, in its Resolution No. <br />1995-1 3, changed the name of the Joint Planning Account to the Restructuring Account; <br />and <br />WHEREAS, the Board of Directors of the Authority wishes to provide for <br />additional contributions to the General Fund, and certain Members of the Authority are <br />willing to make such additional contributions. <br />NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the <br />Authority as follows: <br />1. The Executive Director is authorized and directed to retain Hanna and Morton <br />LLP, at the request of a Member, or Members, of the Authority, provided that <br />such Member(s) agrees, in writing, to bear all costs and expenses of such <br />consultant. <br />2. The Board of Directors hereby provides for additional contributions to the <br />General Fund. Notwithstanding anything to the contrary in Resolution No. <br />1992-1 , such additional contributions, <br />a) shall be solely for the purpose of paying costs and expenses incurred by the <br />Authority with respect to SCUPP expenses, and pending application for such <br />purpose the contributions shall not be expended to pay costs or expenses <br />properly allocable to one or more projects as provided in Section 3 of <br />Resolution No. 1 992-1 ; <br />b) with respect to each bill SCPPA receives for SCUPP activities, shall be billed <br />to the Members that have received services with respect to such bill, with the <br />amount of each such Member's bill to be based upon the services performed <br />for the benefit of such Member; and <br />c) shall be billed and collected by adding the amounts provided above to the <br />Authority's Hoover Uprating Project billings to Anaheim (if applicable), and to <br />the Authority's Palo Verde Project billings to the other applicable Members, <br />with such amounts designated as "Resolution No. 2004-37 Charge".
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