Board Meeting Materials
2010 - 2019
4/18/2017 4:21:47 PM
4/18/2017 4:21:46 PM
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
All rights reserved.
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Download electronic document
View plain text
RESOLUTION NO. 2011-033 <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 NIXON <br />PEABODY LLP FOR SPECIAL 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 <br />purpose of jointly and cooperatively undertaking the financing, development, acquisition, <br />construction, and operation of projects for the generation or transmission of electric <br />energy, including the 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 <br />and to finance these interests through the issuance of bonds or other forms of debt for <br />the benefit of those projects and participants served by those facilities. Under the Act <br />the Authority also has the power to plan, finance, develop, acquire, design, construct, <br />own and operate projects involving the generation and transmission of electric energy <br />and the production, gathering, and delivery of fuel, and to cause such projects to be <br />planned, developed, financed, acquired, designed, constructed, operated, maintained <br />and repaired, and to provide by agreement for the performance and carrying out of such <br />activities, including agreements and instruments associated with financing of such <br />matters; and <br />WHEREAS, SCPPA has need from time to time for Bond Counsel and <br />Tax 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 <br />SCPPA projects and interests; and <br />WHEREAS, Nixon Peabody LLP is a firm which has previously carried <br />forth special tax counsel and tax exempt finance work for SCPPA in connection with a <br />number of SCPPA projects and project finance activities; and <br />WHEREAS, Nixon Peabody LLP has recently assisted SCPPA in a <br />number of new bond issuance transactions and has been instrumental in carrying out <br />several significant tax exempt financing related measures which have arisen with <br />respect to the emergence of recently created SCPPA projects; and <br />WHEREAS, SCPPA has issued Requests for Proposals for Bond <br />Counsel, Co -Bond Counsel and/or Tax Counsel and this RFP process is currently <br />underway. It is anticipated that SCPPA through this process will be reviewing and <br />assessing SCPPA's bond counsel and tax counsel needs and SCPPA intends through <br />
The URL can be used to link to this page
Your browser does not support the video tag.