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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 />RESOLUTION NO. R-122-07 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF COLTON, APPROVING THE GAS SUPPLY <br />AGREEMENT BETWEEN THE CITY OF COLTON AND <br />THE SOUTHERN CALIFORNIA PUBLIC POWER <br />AUTHORITY, AUTHORIZING SPECIFIED CITY <br />OFFICIALS TO EXECUTE AND DELIVER THE GAS <br />SUPPLY AGREEMENT, AND APPROVING THE <br />PARTICIPATION OF THE CITY OF COLTON IN THE <br />ACTIVITIES AND PROGRAM REFLECTED THEREIN <br />PURSUANT TO THE TERMS AND CONDITIONS OF THE <br />GAS SUPPLY AGREEMENT <br />WHEREAS, the City of Colton (the "City") has participated with other members <br />of the Southern California Public Power Authority ("SCPPA") in investigating alternative means <br />by which to secure critically necessary long-term reliable supplies of natural gas necessary to <br />carry forth the City's electric generation responsibilities to the citizens of the City of Colton; and <br />WHEREAS, the City of Colton and a number of other members of the SCPPA that <br />are participants in the SCPPA natural gas prepayment programs, to wit: the cities of Anaheim, <br />Burbank, Colton, Glendale, and Pasadena have carried out investigations and studies concerning <br />the commercial advantages in utilizing a prepayment methodology for the acquisition of long- <br />term reliable supplies of natural gas which are proposed to be carried forth and financed by <br />SCPPA; and <br />WHEREAS, the SCPPA member cities which are participating in this natural gas <br />prepayment project have carried forth an extensive request for proposals process, examined a <br />variety of proposals by natural gas suppliers and interviewed individuals having substantial <br />background and experience in the issues associated with the acquisition of prepaid supplies of <br />natural gas; and <br />WHEREAS, the member city participants in this SCPPA project have concluded <br />the investigation associated with this program with the selection of a natural gas supplier (J. Aron <br />