Laserfiche WebLink
RESOLUTION NO. 2011-032 <br />RESOLUTION OF THE SOUTHERN CALIFORNIA PUBLIC <br />POWER AUTHORITY AUTHORIZING THE EXECUTIVE <br />DIRECTOR TO EXTEND THE AGREEMENTS FOR <br />PROFESSIONAL LEGAL SERVICES WITH CURLS <br />BARTLING P.C. FOR BOND COUNSEL AND TAX COUNSEL <br />SERVICES RELATING TO SOUTHERN CALIFORNIA <br />PUBLIC POWER AUTHORITY PROJECTS AND LEGAL <br />MATTERS <br />WHEREAS, The Southern California Public Power Authority (SCPPA) was <br />created pursuant to the California Joint Exercise of Powers Act (The Act), for the purpose of <br />jointly and cooperatively undertaking the financing, development, acquisition, construction, <br />and operation of projects for the generation or transmission of electric energy, including the <br />production, gathering, and/or delivery of fuel; and <br />WHEREAS, pursuant to the Act, SCPPA possesses the power to own <br />interests in facilities for the purpose of promoting electric generation and transmission and <br />to finance these interests through the issuance of bonds or other forms of debt for the <br />benefit of those projects and participants served by those facilities. Under the Act the <br />Authority also has the power to plan, finance, develop, acquire, design, construct, own and <br />operate projects involving the generation and transmission of electric energy and the <br />production, gathering, and delivery of fuel, and to cause such projects to be planned, <br />developed, financed, acquired, designed, constructed, operated, maintained and repaired, <br />and to provide by agreement for the performance and carrying out of such activities, <br />including agreements and instruments associated with financing of such matters; and <br />WHEREAS, SCPPA has need from time to time for Bond Counsel and Tax <br />Counsel services in connection with legal matters involving SCPPA bonds, notes, <br />certificates of participation or other forms of debt or other methods for financing of SCPPA <br />projects and interests; and <br />WHEREAS, Curls Bartling P.C. is a firm which has previously carried forth co <br />bond counsel work for SCPPA in connection with a substantial number of SCPPA projects <br />and project finance activities; and <br />WHEREAS, Curls Bartling, PC has recently assisted SCPPA in a number of <br />new bond issuance transactions and has been instrumental in carrying out several <br />significant financing related measures addressing matters which have arisen recently with <br />respect to recently created SCPPA projects and the financing issues which have occurred <br />because of the emergence of these projects; and <br />WHEREAS, SCPPA has issued Requests for Proposals for Bond Counsel, <br />Co -Bond Counsel and/or Tax Counsel and this RFP process is currently underway. It is <br />anticipated that SCPPA through this process will be reviewing and assessing SCPPA's <br />bond counsel and tax counsel needs and SCPPA intends through this process to select <br />bond counsel, co -bond counsel and/or tax counsel which will provide the best value to <br />