Board Meeting Materials
2010 - 2019
4/18/2017 4:25:02 PM
4/18/2017 4:25:01 PM
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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 acquisition of fuel, and including projects for renewable energy; <br />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 />including the acquisition of fuel, and the development of renewable energy, and to <br />cause such projects to be planned, developed, financed, acquired, designed, <br />constructed, operated, maintained and repaired, and to provide by agreement for the <br />performance and carrying out of such activities, including agreements and instruments <br />associated with financing of such 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, during 2011 SCPPA carried forth an extensive Request for <br />Proposals process which involved SCPPA staff, members of the SCPPA Finance <br />Committee and several attorney members from SCPPA participant City Attorney offices. <br />This process entailed an extensive review of written proposals and a series of <br />interviews of finalist law firms possessing substantial capabilities and experience in <br />bond, tax exempt financing and complex financial transactional work. The 2011 Request <br />for Proposals process was designed and carried forth for the purpose of achieving the <br />best value for SCPPA for these services. <br />WHEREAS, Fulbright & Jaworski, LLP was a firm which had previously <br />carried forth bond counsel and tax counsel work for SCPPA in connection with a <br />substantial number of SCPPA projects and project finance activities; and <br />
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