Board Meeting Materials
2000 - 2009
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[Project Vote] <br />RESOLUTION NO. 2007-68 <br />RESOLUTION AS TO THE PROVISION OF CERTAIN <br />CONTINUING DISCLOSURE INFORMATION WITH RESPECT <br />TO NATURAL GAS PROJECT A, 2008 REVENUE BONDS <br />(TAXABLE) (CITY OF BURBANK, CALIFORNIA) <br />WHEREAS, the Board of Directors of the Southern California Public Power Authority, a political <br />subdivision of the State of California ("SCPPA"), has authorized the issuance of SCPPA's Natural Gas <br />Project A, 2008 Revenue Bonds (Taxable) (City of Burbank, California) (the "Bonds") and has executed <br />the Indenture of Trust, dated as of January 1, 2008, from SCPPA to U.S. Bank National Association, as <br />trustee (as supplemented, the "Indenture"), relating to the Bonds; and <br />WHEREAS, the Board of Directors of SCPPA hereby finds and determines that it is necessary, in <br />connection with the authorization and sale of the Bonds, that SCPPA adopt this resolution in order to <br />assist the Participating Underwriter (such term, and all other capitalized terms used herein without <br />definition, having the respective meanings assigned thereto in Section 1 hereof) in complying with the <br />Rule; <br />NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of SCPPA as follows: <br />1. Definitions. In addition to the definitions set forth in the Indenture, which apply to any <br />capitalized term used in this Disclosure Resolution unless otherwise defined in this Disclosure <br />Resolution, the following capitalized terms shall have the following meanings: <br />"Annual Report" shall mean any Annual Report provided by SCPPA pursuant to, and as <br />described in, Sections 3 and 4 of this Disclosure Resolution. <br />"Audited Financial Statements" shall mean: <br />(i) with respect to SCPPA, SCPPA's audited financial statements for its most recent <br />fiscal year, prepared in accordance with generally accepted accounting principles as promulgated <br />to apply to governmental entities from time to time (or such other accounting principles as may <br />be applicable to SCPPA in the future pursuant to applicable law); and <br />(ii) with respect to Burbank (as defined in Section 2(b) hereof), the audited financial <br />statements of Burbank's Electric System for its most recent fiscal year, prepared in accordance <br />with generally accepted accounting principles as promulgated to apply to govenunental entities <br />from time to time (or such other accounting principles as may be applicable to Burbank in the <br />future pursuant to applicable law). <br />"Beneficial Owner" shall mean any person holding a beneficial ownership interest in Bonds <br />through nominees or depositories (including any person holding such interest through the book -entry only <br />system of The Depository Trust Company), together with any other person who is intended to be a <br />beneficiary of this Disclosure Resolution under the Rule. <br />"Disclosure Resolution" shall mean this resolution, as the same may be amended or supplemented <br />from time to time in accordance with the provisions hereof. <br />
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