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[Roll Call Vote] <br />RESOLUTION NO. 2000-6 <br />RESOLUTION OF THE BOARD OF DIRECTORS OF SOUTHERN <br />CALIFORNIA PUBLIC POWER AUTHORITY AUTHORIZING (I) <br />PREPARATION OF ALL DOCUMENTS NECESSARY OR APPROPRIATE FOR <br />A TENDER OFFER PROGRAM FOR THE PURCHASE OF CERTAIN SAN <br />JUAN POWER PROJECT REVENUE BONDS, (11) PREPAMTION OF ALL <br />DOCUMENTS NECESSARY OR APPROPRIATE TO ISSUE SAN JUAN <br />POWER PROJECT REVENUE BONDS, PROCEEDS OF WHICH WILL BE <br />USED TO PURCHASE BONDS TENDEED PURSUANT TO THE TENDER <br />OFFER PROGRAM, (111) DESIGNATING THE DEALER-MANAGER FOR THE <br />TENDER OFFER PROGRAM AND THE UNDERWRJTERS AND <br />REMARKETING AGENTS FOR THE BONDS TO BE ISSUED, (IV) THE <br />PERFORMANCE OF SERVICES RELATING TO THE ABOVE BY THE <br />AUTHORITY'S CO-BOND COUNSEL, AND (V) OFFICERS OF THE <br />AUTHORITY TO DO ALL THINGS DEEMEDNECESSARY OR APPROPRIATE <br />WHEREAS, the Finance Committee of the Southern California Public Power <br />Authority (the "Authority"), at meetings held on January 20, 2000 and February 7, 2000, has <br />determined that it is in the best interest of the Authority to pfoceed with (i) preparing all documents <br />@ necessary or appropriate for a tender offer program pursuant to which the Authority will purchase <br />and cancel certain of the San Juan Power Project Revenue Bonds, 1993 Series A (the "Tender Offer <br />Program"), (ii) preparing all documents necessary or appropriate to sell and issue San Juan Power <br />Project Revenue Bonds (the "2000 Bonds"), proceeds of which will be used to purchase bonds <br />tendered pursuant to the Tender Offer Program, (iii) designating the dealer-manager to assist in <br />effecting the .Tender Offer Program and the underwriter(s) and remarketing agent(s) for the 2000 <br />Bonds, and (iv) preparing such other documents as are necessary or appropriate to effect such <br />transactions; and <br />WHEREAS, once prepared, drafts of the agreements proposed to be entered into by <br />the Authority in connection with such transactions (other than the agreement referred to in Section <br />4 hereof) will be presented for the Board's consideration. <br />NOW, THEREFORE, BE IT RESOLVED by the Bod of Directors of the Authority <br />as 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 Authority <br />matters, the Authority's financial manager, the Authority's co-bond counsel and the Authority's <br />financial advisor) are hereby authorized to prepare all documents necessary or appropriate for (i) the <br />Tender Offer Program, (ii) the sale and issuance of the 2000 Bonds (which are contemplated to be <br />variable rate demand obligations), and (iii) such other documents as are necessary or appropriate to <br />effect such transactions.