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[Proj cct Vote] <br />RESOLUTION NO. 2007-17 <br />RESOLUTION RELATING TO THE NATURAL GAS ACQUISITION <br />PROJECT AUTHORIZING THE EXECUTION AND DELIVERY OF A <br />SUPPLEMENTAL INDENTURE OF TRUST AND AUTHORIZING THE <br />OFFICERS OF THE AUTHORITY TO DO ALL OTHER THINGS <br />DEEMED NECESSARY OR ADVISABLE. <br />WHEREAS, thc Southern California Public Power Authority (the "Authority") and <br />certain of its members have acquired natural gas resources, reserves, fields, wells and related <br />facilities as part of a natural gas acquisition project (tlic "Project") in order to provide a long- <br />term supply of natural gas to such members for the purpose of heling clcctrical generation needs <br />of such members; <br />WHEREAS, on July 1,2005, the Authority issucd its Natural Gas Project Rcvenue Bond, <br />Draw Down Series 2005A (Taxable) (the "Bond") to fund the capital costs of the Project for the <br />benefit of the Cities of Anaheim, Burbank and Colton (the "Project A Participants"); <br />WHEREAS, although the Bond matures on July 1, 2007, the Bond provides that the <br />maturity of the Bond may be extended to January 1 ,2008; <br />WHEREAS, the Authority and the Project A Participants desire to extend the maturity of <br />the Bond to January 1, 2008 in order to have sufficient time to prepare a long-term financing to <br />redeem the Bond and to provide additional moneys to thc Project A Participants for future capital <br />costs relating to the Project; <br />WHEREAS, the Bond was issued pursuant to the Indenture of Trust, dated as of July 1, <br />2005, between the Authority and U.S. Bank National Association, as trustee (the "Trustee") (the <br />"Indenture"); and <br />WHEREAS, in ordcr to extend the maturity of the Bond, a Supplemental lndenture of <br />Trust, dated as of May 1, 2007, between the Authority and the Trustee (the "Supplemental <br />Indenture"), has been prepared in accordance with the Indenture; <br />BE IT RESOLVED by the Board of Directors of tlic Southern California Public Power <br />Authority as follows: <br />1. Each of the President and Vice President and each of the Secretary and any <br />Assistant Secrctary of the Authority are hereby authorized to execute and deliver the <br />Supplemental Indenture, in substantially the form on filc with the Authority, with such changes, <br />insertions and o~nissions as shall be approved by said President or Vice President (such approval <br />to be conclusively evidenced by his or her execution and delivery thereat), and each of the <br />Secretary and any Assistant Secretary is hcreby authorized to affix the seal of the Authority <br />thereto. The form of the Supplemental lndenture is hereby made a part of this Resolution as <br />though set forth in full herein and the same hereby is approved.