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RESOLUTION NO. 2009-96 <br />RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHERN <br />CALIFORNIA PUBLIC POWER AUTHORITY (1) APPROVING THE <br />APPOINTMENT OF THE AUTHORITY'S FINANCIAL ADVISOR, <br />(2) AUTHORIZING PREPARATION, EXECUTION AND DELIVERY OF <br />ALL DOCUMENTS AND INSTRUMENTS NECESSARY OR <br />APPROPRIATE TO CARRY FORTH SUCH SELECTION, <br />(3) AUTHORIZING THE ENGAGEMENT OF THE PROFESSIONAL <br />SERVICES OF PUBLIC FINANCIAL MANAGEMENT PURSUANT TO <br />EXTENDING A CONTRACT FOR AN ADDITIONAL TERM OF ONE <br />YEAR FOR PROFESSIONAL SERVICES BETWEEN SOUTHERN <br />CALIFORNIA PUBLIC POWER AUTHORITY AND PUBLIC <br />FINANCIAL MANAGEMENT, AND AUTHORIZING THE EXECUTIVE <br />DIRECTOR AND STAFF TO DO ALL THINGS DEEMED NECESSARY <br />OR APPROPRIATE TO CARRY FORTH THE PROPOSED <br />ENGAGEMENT OF PROFESSIONAL SERVICES. <br />WHEREAS, Southern California Public Power Authority (the Authority) engaged <br />in a professional services agreement with Public Financial Management (PFM) for a tern of four <br />years; and <br />WHEREAS, the Authority is responsible for (i) undertaking studies of projects <br />(the "Study Projects") or (ii) the acquisition, construction, financing, disposition, use, operation, <br />and maintenance of projects (the Projects"); and <br />WHEREAS, the Authority desires to retain a firm to provide financial advisory <br />services with respect to financial matters related to the Study Projects, the Projects, and other <br />financial matters as it shall require; and <br />WHEREAS, the financial advisor employs a skilled and qualified professional <br />staff experienced in performing a variety of auditing and accounting functions and possesses the <br />resources and expertise necessary to render assistance as herein after provided, and desire to do <br />SO. <br />NOW, THEREFORE, the Board of Directors of the Southern California Public <br />Power Authority hereby finds, authorizes, orders, directs and resolves as follows: <br />1. The appointment of PFM to provide professional services to Southern California Public <br />Power Authority is hereby approved for an additional term of one year. <br />2. Each of the President, Vice President, Executive Director, Secretary and any Assistant <br />Secretary, and the staff of the Authority are authorized to prepare such documents or <br />instruments and to do and cause to be done all acts and things as may be necessary or <br />appropriate to engage PFM in substantial conformance with the proposed engagement for <br />professional services addressed in the 2005 Request for Proposals relative to financial <br />advisory services, and each of the President, Vice President, Executive Director, <br />Secretary and any Assistant Secretary are authorized to execute an agreement for <br />