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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 2E 2'1 2F ORDINANCE NO. 1609 ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COLTON APPROVING THE TERAS AND CONDITIONS OF A POWER SALES CONTRACT BETWEEN SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY AND THE CITY OF COLTO�4 AND AUTHORIZING THE EXECUTION OF AND DELIVERY OF SAID AGREEMENT BY OFFICERS OF THE CITY OF COLTON. WHEREAS, pursuant to the provisions of Chapter 5, Division 7, Title 1 of the government Code of the State of California, as a,ended (the "Joint Powers Act"), the City of Colton and certain other public agencies created pursuant to the laws of the State of California (collectively; the "Members"), have entered into a Joint Powers Agreement (the "Agreement") creating the Southern California Public Power Authority (the "Authority"), a public entity separate and apart from the (Members; and WHEREAS, in accordance with the Agreement and the Joint Powers Act, the Authority has entered or will enter into agreements to acquire an interest in a project for the generation of electric energy, which project (the "Project" is to consist of an ownership interest as tenant in common in the Palo 'verde Nuclear Generating Station, a nuclear steam electric generating station under construction in the State of Arizona, and capital improvements thereto that may be constructed from tiri,e to time, and interests in certain other properties and rights relating thereto; and vIHEREAS, the City of Colton has need for an economical, reliable source of electric power and energy to meet the demands of the customers of its electric system, and, as such, has determined that it is desirable to enter into a Power Sales Contract (the "Power Sales Contract") in the form subii„itted to this City Council and dated for convenience as of July 1, 1981, to purchase electric capacity and energy of the Project from the Authority; and, 'WHEREAS, this City Council finds and determines that it is in the best interests of the customers of the electric system of the City of Colton for the City of Colton to purchase electric capacity and energy of the Project from the Authority. NOW, THEREFORE, the City Council of the City of Colton does ordain as follows: 1. The City Council hereby finds and determines that the terms and conditions of the Pov4er Sales Contract, including the Project Entitlement Share of the City of Colton of 1.000% be, and the same are hereby, approved.