HomeMy WebLinkAboutResolution No. 92-C134• RESOLUTION NO. 92-C134 •
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA APPROVING THE TERMS AND CONDITIONS, AND
AUTHORIZING THE EXECUTION AND DELIVERY, OF
CERTAIN AGREEMENTS WITH RESPECT TO THE SAN
JUAN 3 PROJECT.
WHEREAS, this public agency and certain other public agencies of the
State of California anticipate participating in the acquisition by Southern California
Public Power Authority of an interest in the coal -fueled electric generating unit known
as Unit 3 of San Juan Generating Station, together with associated facilities (the "San
Juan 3 Project:); and
WHEREAS, this public agency desires to participate in the San Juan 3
Project as provided in the San Juan 3 Power Sales Contract and the Earnest Money
Agreement forms of which have been presented to this Governing Body (the "Subject
Agreements"),; and
WHEREAS, it is in the best interests of this public agency to execute and
deliver the Subject Agreements.
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF
THE CITY OF AZUSA:
1. The terms and provisions of the Subject Agreements with respect
to this public agency, in the forms submitted to this Governing Body, are hereby
approved, and this Governing Body hereby authorizes and directs the Mayor to
execute and deliver the Subject Agreements in accordance with the 'terms and
provisions thereof, with such changes, Insertions and omissions as may be approved
by the official of this public agency executing the same, said execution being
conclusive evidence of such approval.
2. Each official of this public agency is hereby authorized and directed
to execute and deliver any and all documents and instruments and to do and cause
to be done any and all acts and things necessary or proper for carrying out the
transactions contemplated by this Resolution.
3. This Resolution shall take effect immediately.
The City Clerk shall certify to the adoption of this Resolution.
1992. PASSED, APPROVED AND ADOPTED this 5th day of October
M R
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 the5th
day of October _,1992.
AYES: COUNCILMEMBERS: DANGLEIS, MADIRD, NARANJO, ALEXANDER, MOSES
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEM
CITY