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HomeMy WebLinkAboutOrdinance No. 2120 ORDINANCE NO. 2120 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF AZUSA APPROVING THE TERMS AND CONDITIONS OF A POWER SALES CONTRACT BETWEEN SOUTHERN CALIFORNIA PUBLIC POWER AU- THORITY AND THE CITY OF AZUSA AND AUTHORIZING THE EX- ECUTION OF AND DELIVERY OF SAID AGREEMENT BY OFFICERS OF THE CITY OF AZUSA. WHEREAS, pursuant to the provisions of Chapter 5, Division 7, Title 1 of the Government Code of the State of California, as a- mended (the "Joint Powers Act") , the City of Azusa and certain oth- er public agencies created pursuant to the laws of the State of Cal- ifornia (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 construc- tion in the State of Arizona, and capital improvements thereto that may be constructed from time to time, and interests in certain other properties and rights relating thereto; and WHEREAS, the City of Azusa has need for an economical, re- liable source of electric power and energy to meet the demands of the customers of its electric system, and, as such, has deteremined that it is desirable to enter into a Power Sales Contract (the "Power Sales Contract") in the form submitted 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 Azusa for the City of Azusa to purchase electric capacity and energy of the Project from the Authority. NOW, THEREFORE, the City Council of the City of Azusa does ordain as follows : 1. The City Council hereby finds and determines that the terms and conditions of the Power Sales Contract, in- cluding the Project Entitlement Share of the City of Azusa of Power Sales Contract (Exhibit A) be, and the same are hereby, approved. 2. The Mayor of the City of Azusa is authorized to execute and deliver said Power Sales Contract by and on behalf of the City of Azusa. 3. 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 of Azusa. 4. The City Clerk shall certify to the enactment of this Ordinance to be published in accordance with Section 54242 of the Government Code of the State of California. 5. 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 9th day of November, 1981. MAYOR 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. 2120 was regularly introduced and placed upon its first reading at a regular meeting of the City Council on the 2nd day of November 1981. That, thereafter, said ordinance was duly adopted and passed at an adjourned regular meeting of the City Council on the 9th day of November, 1981, by the following vote to wit: AYES: Councilmen: Decker, Fry, Cruz, Moses, Solem NOES: Councilmen: None ABSENT: Councilmen: None 7717 CITY CLE Publish Azusa Herald: November 1$ , 1981