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Project Vote Anaheim Burbank <br />Glendale LADWP Pasadena and Riverside <br />RESOLUTION NO 2011075 <br />RESOLUTION OF THE BOARD OF DIRECTORS OF SOUTHERN <br />CALIFORNIA PUBLIC POWER AUTHORITY I AUTHORIZING THE <br />PREPARATION OF ALL DOCUMENTS NECESSARY OR <br />APPROPRIATE TO SELL AND ISSUE TRANSMISSION PROJECT <br />REVENUE BONDS PROCEEDS OF WHICH WILL BE USED TO <br />REFUND A PORTION OF THE TRANSMISSION PROJECT REVENUE <br />BONDS 2002 SUBORDINATE REFUNDING SERIES A SOUTHERN <br />TRANSMISSION PROJECT AND II AUTHORIZING OFFICERS OF <br />THE AUTHORITY TO DO ALL THINGS DEEMED NECESSARY OR <br />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 Transmission <br />Project Revenue Bonds the Bonds proceeds of which will be used to refund a portion of the <br />2002 Subordinate Refunding Series A Southern Transmission Project which Bonds are <br />expected to 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 Boards consideration <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 Authoritys Financial 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