HomeMy WebLinkAboutOrdinance No. 92-O33 ORDINANCE NO. 92-033
ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
AZUSA APPROVING ENTERING INTO OF POWER SALES
CONTRACT
WHEREAS, pursuant to the provisions relating to the joint exercise of
powers found in Chapter 5 of Division 7 of Title 1 of the Government Code of the
State of California, as amended (the "Joint Powers Act"), the City of Azusa (the
"City") 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,
as amended (the "Agreement"), creating the Southern California Public Power
Authority (the "Authority"), a public entity separate and apart from the Members: and
WHEREAS, the Authority proposes to enter into the San Juan 3 Purchase
Agreement for San Juan 3 Project relating to a project to provide for the acquisition
of an interest in a 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, the City Council finds and determines that it is in the best
interests of the customers of the electric system of the City for the City to contract
with the Authority for capacity and energy of the San Juan 3 Project pursuant to a
San Juan 3 Project Power Sales Contract, a form of which has been submitted to the
City Council; and
WHEREAS, in accordance with the Agreement and the Joint Powers Act,
the Authority has the power to enter into a San Juan 3 Project Power Sales Contract
to sell capacity and energy of the San Juan 3 Project to the City; and
WHEREAS, payments by the City pursuant to a San Juan 3 Project
Power Sales Contract will be used in part by the Authority for payment of the principal
of, premium, if any, and interest on bonds, notes or other indebtedness issued by the
Authority to finance the acquisition of the San Juan 3 Project.
NOW THEREFORE, the City Council of the City of Azusa does ordain as
follows:
1 . The City Council hereby approves the entering into by this City of
a San Juan 3 Project Power Sales Contract.
2. Pursuant to Section 54241 of the Government code of the State
of California, this Ordinance is subject to the provisions for referendum applicable to
the City.
3. This Governing Body shall certify to the enactment of this Ordinance
and shall cause this Ordinance to be published in accordance with Section 54242 on
the Government Code of the State of California.
4. Thirty (30) days from and after its enactment, this Ordinance shall
take effect and be in full force, in the manner provided by law.
PASSED AND APPROVED this 19th day of October, 1992.
4k7.4014641-
6e1110
STATE OF CALIFORNIA)
COUNTY OF LOS ANGELES) ss.
CITY OF AZUSA)
I, ADOLPH SOLIS, City Clerk of the City of Azusa, do hereby certify that the
foregoing Ordinance No. 92-033 was regularly introduced and placed upon its first
reading at a regular meeting of the City Council on the 5th day of October, 1992.
That thereafter, said Ordinance was duly adopted and passed at a regular meeting of
the City Council on the 19th day of October, 1992 by the following vote, to wit:
AYES: DANGLEIS, MADRID, NARANJO, ALEXANDER, MOSES
NOES: NONE / /
ABSENT: NONE
/ /
if Y CLERK