RESOLUTION NO. 3560 WHEREAS, there has been presented to this Board form of contract entitled "Contract for Resale of Electric Energy at Boulder Dam Power Plant," to which The United States of America, acting through the Secretary of the Interior, Reconstruction Finance Corporation, The City of Los Angeles and its Department of Water and Power, Southern California Edison Company Ltd., California Electric Power Company, and The Metropolitan Water District of Southern California are parties; and WHEREAS, this Board has found and determined, and does find and determine, that the best interests of The Metropolitan Water District of Southern California require approval and execution of said contract; Now, therefore, be it resolved, that the said form of contract be approved, and that the Executive Secretary be authorized and directed to endorse thereon the fact of such approval and to file in his office the said form so endorsed. FURTHER, that the General Manager and Chief Engineer be authorized and directed to execute the said contract for and on behalf of the District in substantially the form so approved and filed, and that the Executive Secretary be authorized and directed to attest the signature of the General Manager and Chief Engineer, and to attach to said contract the corporate seal of the District. I HEREBY CERTIFY that the foregoing is a full, true, and correct copy of a resolution adopted by the Board of Directors of The Metropolitan Water District of Southern California, at its meeting held September 7, 1945. A. L. GRAM, Executive Secretary of The Metropolitan [SEAL] RESOLUTION NO. 242 WHEREAS this Board did, on September 4, 1945, by Resolution No. 112, authorize the execution of a contract providing for the purchase, in conjunction with Southern California Edison Company Ltd. and California Electric Power Corporation, of energy from the Boulder Power Plant purchased by the Metropolitan Water District of Southern California; and WHEREAS, since the adoption of said resolution there have been certain changes in the proposed contract making it necessary and proper that said Resolution No. 112 be amended; Now, therefore, be it resolved that Resolution No. 112 adopted by this Board on the 4th day of September, 1945, be and the same is hereby amended to read as follows: RESOLVED that the President, or Vice-President, and the Secretary of this Board be and they are authorized, acting in behalf of the Department of Water and Power of The City of Los Angeles and this Board, to execute a contract providing in substance for the following: (1) Release by Metropolitan Water District for the period of the contract, i.e., to May 31, 1987, of Boulder firm energy allotted to it, except so much thereof as will be required by it in connection with the operation of its aqueduct. (2) Sale and delivery by the Secretary of the Interior for the term of the contract of the released Metropolitan Water District Boulder firm energy to the City, Edison Company, California Electric Power Corporation, and for one year to Reconstruction Finance Corporation. (3) Option to Reconstruction Finance Corporation to purchase power for the second year upon terms and conditions to be agreed upon, but in no event shall Reconstruction Finance Corporation be entitled to supply of electrical energy under the contract beyond a period ending six months after cessation of hostilities in the existing war with Japan. (4) Method of delivering the energy to the various purchasers. (5) Leasing by the Secretary of the Interior for a period of one year, to Southern California Edison Company of Generating Unit N-7 at Boulder. (6) Method of measuring the energy sold to the various purchasers. (7) Rates and charges to be paid by the City, the Edison Company, and California Electric Power Corporation for the energy purchased under the contract, i.e., for the first five years respectively at the rate of 40%, 50%, 65%, 80%, and 95% of the Boulder firm energy rate and 100% thereafter. (8) Rates and charges to be paid by Reconstruction Finance Corporation for energy to be delivered at the Basic Magnesium Project. (9) Any purchaser of energy under this contract not able to absorb all the energy purchased by it to receive, under certain circumstances, credit from the proceeds of the sale of energy to other of the purchasers at the rate for secondary energy at Boulder Power Plant. (10) Disputes and disagreements. (11) Term of the contract, i.e., so long as Metropolitan Water District unused energy is available to the purchasers, but not beyond 1987. (12) Various and sundry provisions which have been a part of all contracts relating to Boulder energy in which the United States has been a party. I HEREBY CERTIFY that the foregoing is a full, true and correct copy of a resolution adopted by the Board of Water and Power Commissioners of The City of Los Angeles at its meeting held NOV 20 1945. JOSEPH L. WILLIAMS, Secretary. [SEAL] Approved as to form and legality RAY L. CHESEBRO, City Attorney. |