1991 ORD O-17-91 - Laserfiche WebLink

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ill 2 3 4 5 6 7 8 9 10 11 12' 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 WHEREAS, the Authority proposes to issue, in accordance with they Agreement and the Joint Powers Act, from time to time, in one or mored installments, its revenue bonds and other evidences of indebtedness, which may include a portion hereafter designated by the Authority of the Authority's 1989 Multiple Project Revenue Bonds (together, "Acquisition Bonds"), to be outstanding at any one time in accordance with their terms in the estimated maximum aggregate principal amount of (i) $150,000,000 for the purpose of financing costs of construction and acquisition of the Authority's rights and interest in the Mead - Phoenix Project and (ii) $350,000,000 for the purpose of financing costs of construction and acquisition for the Authority's rights and interest in the Mead- Adelanto Project; and WHEREAS, from time to time, conditions in the tax-exempt bond market may become favorable for refunding outstanding bonds with a resulting savings in debt service costs or other economic benefits for the Authority; and WHEREAS, pursuant to the laws of the State of Califonria, the Authority may issue from time to time in one or more installments, its refunding revenue bonds and other evidences of indebtedness (together, "Refunding Bonds" and, together with Acquisition Bonds, "Transmission Project Revenue Bonds") for the purpose of redeeming or retiring Acquisition Bonds or Refunding Bonds theretofore issued, or other indebtedness theretofore issued for the Mead -Phoenix Project or the Mead-Adelanto Project; and WHEREAS, the Authority will enter into agreements (the "Mead -Phoenix Project Transmission Service Contracts") with two or more of the Members, pursuant to which the Members entering into such Mead -Phoenix Project V,