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[Roll Call Vote] <br />RESOLUTION NO. 2013-026 <br />RESOLUTION OF THE BOARD OF DIRECTORS OF SOUTHERN <br />CALIFORNIA PUBLIC POWER AUTHORITY (I) AUTHORIZING THE <br />TRANSFER OF SURPLUS MONEYS FROM THE MULTIPLE PROJECT <br />PROCEEDS ACCOUNT OF THE MULTIPLE PROJECT FUND TO THE <br />PROJECTS' STABILIZATION FUND FOR THE BENEFIT OF THE <br />MEAD-ADELANTO PARTICIPANTS AND MEAD -PHOENIX <br />PARTICIPANTS, (II) AUTHORIZING THE PREPARATION OF ANY <br />DOCUMENTS NECESSARY OR APPROPRIATE TO EFFECT SUCH <br />TRANSFER, (III) AMENDING SECTION 11 OF BOARD RESOLUTION <br />NO. 1993-36 AND (IV) AUTHORIZING OFFICERS OF THE <br />AUTHORITY TO DO ALL THINGS DEEMED NECESSARY OR <br />APPROPRIATE <br />WHEREAS, on January 4, 1990, the Southern California Public Power Authority (the <br />"Authority") issued its Multiple Project Revenue Bonds, 1989 Series (the "1989 Bonds"); <br />WHEREAS, the 1989 Bonds were issued under the Indenture of Trust, dated as of <br />August 1, 1989, as supplemented and amended (the "Indenture"), between the Authority and <br />U.S. Bank National Association, as successor trustee; <br />WHEREAS, the proceeds of the 1989 Bonds were primarily used for the acquisition and <br />construction of the Authority interests in the Mead-Adelanto Transmission Project and the Mead - <br />Phoenix Transmission Project; <br />WHEREAS, the final outstanding maturity of the 1989 Bonds (the "Final Maturity") will <br />be paid by the Authority on July 1, 2013; <br />WHEREAS, once the Final Maturity has been paid, the surplus moneys (the "Surplus <br />Amount") remaining in the Multiple Projects Proceeds Account of the Multiple Project Fund <br />under the Indenture will be available for the benefit of the Mead-Adelanto Participants and the <br />Mead -Phoenix Participants; <br />WHEREAS, the Surplus Amount is expected to be, at the time of adoption of this <br />Resolution, approximately $23,500,000, with the portion thereof relating to the Mead-Adelanto <br />Participants expected to be approximately $17,250,000 and the portion thereof relating to Mead - <br />Phoenix Participants expected to be approximately $6,250,000; <br />WHEREAS, the Mead-Adelanto Participants and the Mead -Phoenix Participants <br />(together, the "Participants") desire to have the Surplus Amount transferred to the accounts <br />established for each of those Participants under the Projects' Stabilization Fund established by <br />50608167.4 <br />