Board Meeting Materials
2010 - 2019
4/18/2017 4:23:51 PM
4/18/2017 4:23:50 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
Project Vote Anaheim Burbank <br />Colton Glendale and Pasadena <br />RESOLUTION NO 2011074 <br />RESOLUTION OF THE BOARD OF DIRECTORS OF SOUTHERN <br />CALIFORNIA PUBLIC POWER AUTHORITY I AUTHORIZING <br />THE PREPARATION OF ALL DOCUMENTS NECESSARY OR <br />APPROPRIATE TO SELL AND ISSUE MAGNOLIA POWER <br />PROJECT A REFUNDING REVENUE BONDS PROCEEDS OF <br />WHICH WILL BE USED TO REFUND A PORTION OF THE <br />MAGNOLIA POWER PROJECT A REVENUE BONDS 2003 1 AND <br />II AUTHORIZING OFFICERS OF THE AUTHORITY TO DO ALL <br />THINGS DEEMED NECESSARY OR APPROPRIATE <br />WHEREAS on August 1 2011 the Finance Committee of the Southern California Public <br />Power Authority the Authority determined that it is in the best interest of the Authority to <br />proceed with preparing all documents necessary or appropriate to sell and issue Magnolia Power <br />Project A Refunding Revenue Bonds the Bonds proceeds of which will be used to refund a <br />portion of the Magnolia Power Project A Revenue Bonds 2003 1 which Bonds are expected to <br />be issued as fixed rate bonds and <br />WHEREAS once prepared drafts of the contracts proposed to be entered into by the <br />Authority in connection with such refunding will be presented for the Boardsconsideration <br />NOW THEREFORE BE IT RESOLVED by the Board of Directors of the Authority as <br />follows <br />1 The Authoritys staff and the Authoritys team of financing professionals <br />including the personnel at the Los Angeles Department of Water and Power who work on <br />Authority matters the AuthoritysCo Bond Counsel and the AuthoritysFinancial Advisor are <br />hereby authorized to prepare all documents necessary or appropriate for the sale and issuance of <br />the Bonds <br />2 Each of the President Vice President Executive Director Secretary and any <br />Assistant Secretary of the Authority and any other officer of the Authority is hereby authorized <br />and directed to do and cause to be done any and all acts and things necessary or appropriate for <br />carrying out the transactions contemplated by this Resolution <br />3 This Resolution shall become effective immediately
The URL can be used to link to this page
Your browser does not support the video tag.