HomeMy WebLinkAboutResolution No. 8692RESOLUTION NO. 8692
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF AZUSA REGARDING THE CITY OF AZUSA'S
PARTICIPATION IN THE ISSUANCE OF THE SOUTHERN
CALIFORNIA PUBLIC POWER AUTHORITY'S MULTIPLE
PROJECT REVENUE BONDS, 1989 SERIES.
WHEREAS, the City of Azusa is a member of the Southern
California Public Power Authority (the "Authority") and the
Authority is proposing to issue Multiple Project Revenue Bonds,
1989 Series, for the purpose of making funds available to
finance an ownership interest, rights to capacity, acquisition,
construction and installation of electric generation or
transmission projects which may include the proposed Adelanto-
Lugo Project, the Mead-Adelanto Project, the Utah -Nevada Project,
the Devers-Palo Verde No. 2 Project or other projects (the
"Financing") as described on Exhibit A to the "Certificate as to
Expectations and Agreements Regarding the Southern California
Public Power Authority Multiple Project Revenue Bonds, 1989
Series (the "Certificate"); and
WHEREAS, the City Council of the City of Azusa has
considered the Financing in accordance with the California
Environmental Quality Act ("CEQA"); and
WHEREAS, the City Council of the City of Azusa has
reviewed the Certificate and desires to participate in the
Financing and approve execution of the Certificate.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AZUSA
FINDS, DETERMINES AND ORDERS AS FOLLOWS:
1. That City's participation in the Financing is exempt
from CEQA because there is no possibility that such
activity may have a significant effect on the
environment. State CEQA Guidelines, Title 14 Cal.
Admin. Code Section 15061 (b) (3).
2. That further environmental review shall be conducted
by the City at such time as it considers
participation in any of the projects that may
benefit from the Financing.
3. That the City's participation in the Financing and
the execution of the certificate is hereby approved.
The City Clerk shall certify the adoption of this
resolution.
PASSED, APPROVED AND ADOPTED this 21st day of August
1989.
a or
I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the City Council of the City of Azusa, at a regular
meeting thereof held on the 21st day of August , 1989.
AYES: COUNCILMEMBERS: AVILA, STEMRICH, NARANJO, LATTA, hIOSES
NOES: COUNCILMEMBERS: NONE
ABSENT: /COUNCILMEMBERS: NONE
City Clerk