Part 2 — CREDIT FACILITIES FOR SAN JOSÉ CLEAN ENERGY

The City is authorized and empowered to do all of the following:

A.

Obtain one or more Credit Facilities to secure the performance of San José Clean Energy under a Transaction or to provide working capital to fund San José Clean Energy's operations under Title 26 of this Code.

B.

Establish the terms of the Credit Facilities secured in accordance with this Chapter.

C.

Employ or contract for such legal, feasibility, financial and other consultant services in connection with securing a Credit Facility.

D.

Do all things necessary or convenient to carry out the purposes of this Chapter.

(Ord. 30121.)

A.

The City Council may at any duly noticed meeting of the City Council adopt a resolution to approve, or delegate the authority to approve, the agreements and any other documents related to securing a Credit Facility in accordance with this Chapter.

B.

The source of repayment for any Credit Facility must be payable from Revenues or such other legally available funds specifically authorized by the City Council.

(Ord. 30121.)