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[Project Vote] <br />RESOLUTION NO. 2009-51 <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 POWER PROJECT REVENUE <br />BONDS, PROCEEDS OF WHICH WILL BE USED TO REFUND <br />OUTSTANDING REVENUE NOTES AND TO FUND ALL REMAINING <br />COSTS AND EXPENSES ASSOCIATED WITH THE ACQUISITION AND <br />CONSTRUCTION OF THE CANYON POWER PROJECT AND (II) <br />AUTHORIZING OFFICERS OF THE AUTHORITY TO DO ALL THINGS <br />DEEMED NECESSARY OR APPROPRIATE <br />WHEREAS, the Finance Committee of the Southern California Public Power Authority <br />(the "Authority") has determined that it is in the best interest of the Authority to proceed with <br />preparing all documents necessary or appropriate to sell and issue obligations (the "Bonds") the <br />proceeds of which will be used to refund the Authority's Canyon Power Project, Revenue Notes, <br />2008 Series A and to fund all remaining costs and expenses associated with the acquisition and <br />construction of the Canyon Power Project, which Project is located in the City of Anaheim, <br />California; and <br />WHEREAS, once prepared, drafts of the contracts proposed to be entered into by the <br />Authority in connection with the issuance of the Bonds will be presented for the Board's <br />consideration. <br />NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Authority as <br />follows: <br />1. The Authority's staff and the Authority's team of financing professionals <br />(including the personnel at the Los Angeles Department of Water and Power who work on <br />Authority matters, the Authority's Co -Bond Counsel and the Authority's 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, any <br />Assistant Secretary, any other officer of the Authority, and any designee of the President, Vice <br />President or Executive Director, is hereby authorized and directed to do and cause to be done any <br />and all acts and things deemed necessary or appropriate for carrying out the transactions <br />contemplated by this Resolution. <br />3. This Resolution shall become effective immediately. <br />