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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 />ORDINANCE NO. 0-11-05 <br />AN ORDINANCE OF THE CITY OF COLTON, CALIFORNIA, <br />APPROVING ENTERING INTO THE SOUTHERN <br />CALIFORNIA PUBLIC POWER AUTHORITY NATURAL GAS <br />PROJECT GAS SALES AGREEMENT AS A PROJECT "A" <br />PARTICIPANT <br />WHEREAS, pursuant to the provisions relating to the joint exercise of powers found <br />in Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California, as <br />amended (the "Joint Powers Act"), the City of Colton (the "City") and certain other public <br />agencies (collectively, the "Members") have entered into a Joint Powers Agreement, as <br />amended (the "Agreement"), creating the Southern California Public Power Authority <br />("SCPPA"), a public entity separate and apart from the Members; and <br />WHEREAS, certain SCPPA Members, to wit, the cities of Anaheim, Burbank, Colton, <br />Glendale and Pasadena (the "Participants") have investigated the feasibility of the acquisition <br />and development of certain gas resources, reserves, fields, wells, and related facilities in <br />order to, among other things, provide a long-term supply of. natural gas for the purpose of <br />fueling electrical generation needs of the Participants (the "Natural Gas Project"); and <br />WHEREAS, SCPPA and the Participants anticipate the natural gas acquired from the <br />Natural Gas Project will be used in SCPPA's Magnolia Power Project, a natural gas-fired <br />generating facility with a nominally rated net base capacity of 242 megawatts located in <br />Burbank, California (the "Magnolia Project"); and <br />WHEREAS, The Project "A" Participants of the Natural Gas Project intend to finance <br />the costs of acquiring, financing, and developing Project "A" through the issuance of Project <br />"A" bonds, including the issuance of SCPPA Natural Gas Project revenue bonds, draw down <br />bonds, which are intended to be refinanced by the issuance of long-term Project "A" bonds. <br />The Project "A" participants will consist of the Cities of Anaheim, Burbank, and Colton; and <br />Page 1 <br />