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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />Transmission Service Contracts (the "Mead -Phoenix Project Participants") will <br />purchase from the Authority a percentage entitlement in the service of the Mead - <br />Phoenix Project; and <br />WHEREAS, the Authority will enter into agreements (the "Mead-Adelanto <br />Project Transmission Service Contracts") with two or more of the members, <br />pursuant to which the Members entering into such Mead-Adelanto Project <br />Transmission Service Contracts (the "Mead-Adelanto Project Participants") will <br />purchase from the Authority a percentage entitlement in the service of the Mead- <br />Adelanto Project; and <br />WHEREAS, the Transmission Project Revenue Bonds with respect to the <br />Mead -Phoenix Project are to be payable from funds held in trust for the benefit <br />of the holders of such Bonds and from revenues of the Authority from the Mead - <br />Phoenix Project, including payments to be made by the Mead -Phoenix Project <br />Participants under the Mead -Phoenix Project Transmission Service Contracts; and <br />WHEREAS, in accordance with the Joint Powers Act, the exercise by the <br />Authority of its power to issue Transmission Project Revenue Bonds is subject to <br />the authorization by ordinance of those Members which contract to make payments <br />to be applied to the payment of such Transmission Project Revenue Bonds; and <br />WHEREAS, neither the payment of principal of the Transmission Project <br />Revenue Bonds nor any part thereof nor interest hereon shall constitute a debt, <br />liability or obligation of the City; and <br />3 <br />