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1 2 3 4 5 7 8 9 10 il 15 16 17 19 20 24 25 26 27 28 ~0 CITY A~ORNEY RIVERSIDE CALIFORHIA oRDiNANCE NO. 6988 AND AOT~O~i~N~ T~ ~O~ib~ ~ ~ND bELiVE~¥ OF sAID AGRE~MENT B~ O~Fi~ERS OF T~E CiTY OF R~;ERSiDE. WHEREAS, pursuant to the provisions of Chapter 5, Division 7, T~tie i of the Government Code of the State of california, as amended (the "Joiht Powers Act"), the City of Riverside and certain Other public agencies created pUrsuaht to the laws of the State of Callfotnia (coiiectively, the "Members"), have entered into a Joint Powers Agreement (the "Agreement") creating the Southern california pubiic 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 undertaken'or Will undertake to, among other things, ihcUr preliminary costs, make (or cause to be made) studies and acquire (or caUse to be acquired) options and per'its ("Development work") in connection with a project for the transmission of electric energy, which project (the "Project") is the Mead-Phoenix DC Intertie, a +/-500 KV DC transmission line with AC/DC converter stations at each end and related facilities, to be located in the states of Arizona and Nevada~ and WHEREAS, the City of Riverside desires to, among other things, participate in, and obtain the benefits of, such Develop- ment Work, and to obtain the right of first refusal to output from the Project, and, as such, has determined that it is desir- able and in the best interests of the' customers of the electric system of the City of Riverside to enter into a Project Deveio~- merit Agreement' (the "Project Development Agreement") in the form submitted to this City Council.