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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 />ORDIV, NCF, Nt;, 0-29--92 <br />ORDINANCE OF THF CT'TY OF COL'FON AUTHOP.T`lT,a; <br />THE ISSUANCE OF BONDY BY THE SOUTHERN CALIFORNIA <br />PUBLIC POWER AUTLIPPIV VU FINANCECOSTS OI. THI, <br />SAN JUAN 3 PROJF;T <br />WHEREAS, pursuant to the Provisions re1atting Co the joint exercise <br />of powers found in Chapter 5 of Division 7 of Tittle I of the Government Code of <br />the State of California, as amended (Che "Joint. Powers Act"), this City and <br />certain other public agencies ureatrad pursuant to the laws of the State of <br />California (coliputive]y, the have ontered into 4 Joint Powers <br />Agreement, as upended (the "Agreement") creating the Southern California Public <br />POW, AMOK!! `tile "Authority"), a Public entilY separal; and apart from the <br />Members; and <br />WHEREAS, in acroidan4w with the Agreement and the Joint. Powers Act, <br />the Authority will enter into agreements to acquire an interest in a coal-fuolyd <br />electric generating unit <br />known <br />as Unit 3 <br />of San Juan <br />GeUpl atmy Station, toyel her <br />with related facilities <br />(the "San <br />Juan <br />3 Project"): <br />and <br />WHEREAS, the Authority proposes to issue, in accordance with (fie <br />Agreement: and the Joint: Powers Act, from time to time, in one or more <br />installments, its revenue bond; and "Cher eviricyces of indebtedness (roger.hor, <br />"AcquisitiotnBonds"), to be outstandiuq at Mone time in accordance with their <br />terms in the est imated maximum aggtcgate principal amount (A $300,090,000 for fire <br />Purpose of financing costs of acquisition of klre Authority's rights and irrterosit <br />in the San ,Tuan 3 Project:; an.] <br />WHEREAS, from time to time, conditions in the tax-exempt bond market <br />may beconr� favorable for refunding outstanding bonds with a resulting savings _r, <br />debt service costs or other oconomic benefits for the Aathority; and <br />