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HomeMy WebLinkAboutBPMC Meetring - July 17, 1990 2BhAULEY LAKE PROJECT MANAGEMENT COwmiTTEE “PROT a — JULY 17, 1990 AGENDA ALASKA ENERGY AUTHORITY CONFERENCE ROOM CALL TO ORDER 9:30 A.M. ROLL CALL PUBLIC COMMENT MODIFICATION OF AGENDA APPROVAL OF MINUTES May 17, 1990 BOND FINANCE TEAM REPORT a. Approval of Section 31 Cost TECHNICAL COORDINATING SUBCOMMITTEE REPORT INSURANCE SUBCOMMITTEE REPORT BUDGET SUBCOMMITTEE REPORT a. b. c. AEA Administrative & General Cost CEA Dispatch Costs HEA Transmission Maintenance Cost 10. TT. 12. 13. 14. 15. OPERATING AND DISPATCH AGREEMENT SUBCOMMITTEE REPORT a. Bradley Lake Hydroelectric Project Allocation & Scheduling Procedures REVIEW OF PROJECT STATUS OLD BUSINESS a. Discussion of Test Period Power Sales Agreement b. Financial Advisor NEW BUSINESS Election of Officers Committee Expense Reimbursement Scheduled Maintenance Fund FERC Licensing Fee Approval of Supplemental Bond Resolution for Second Series Bradley Lake Bonds Increase Operating Reserve Requirement Schedule Next Meeting Date, Location, Time eaooDp o> COMMUNICATIONS ADJOURNMENT skb8618(1) LeResche Saxton Yerkes Saxton Ritchie Shira Eberle Saxton Kelly Kelly Kelly Kelly Saxton Klinkner Rawitscher RECORD VOPY FILE NO DRAFT 7/9/90 EEW/j£ i a 7/1719 Y BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE RESOLUTION NO. 90-& A RESOLUTION OF THE BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE APPROVING THE SUPPLEMENTAL RESOLUTION OF THE ALASKA ENERGY AUTHORITY TO BE ADOPTED IN CONNECTION WITH THE SALE OF POWER REVENUE BONDS, SECOND SERIES (BRADLEY LAKE HYDROELECTRIC PROJECT), AND DETERMINING THE OPERATING RESERVE ACCOUNT REQUIREMENT. WHEREAS, the members of the Project Management Committee for the Bradley Lake Hydroelectric Project have heretofore entered into a Power Sales Agreement dated as of December 8, 1987, and have approved, pursuant to said Power Sales Agreement, the Power Revenue Bond Resolution and the Supplemental Resolution adopted by the Authority in connection with the Power Revenue Bonds, First Series (Bradley Lake Hydroelectric Project) for the Project; and WHEREAS, it now appears appropriate for the Authority to issue the Second Series of such Bonds in the approximate amount of $60,000,000, to be denominated Power Revenue Bonds, Second Series, for the Project and the terms of the Bonds will be evidenced by a further Supplemental Resolution; and WHEREAS, under Section 11l(a)(1) of the Power Sales Agreement the approval of the Committee is necessary to the adoption of the Supplemental Resolution. NOW THEREFORE, BE IT RESOLVED by the Bradley Lake Hydroelectric Project Management Committee that (a) the form of Supplemental Resolution, submitted to this meeting and made part of the records hereof, be and the same hereby is approved, with such changes and additions and completions (including, without limitation, changes therein required by the sale of the Bonds and the final terms thereof), as may be approved by the Secretary in writing prior to the issuance of the Bonds and (b) the Operating Reserve Account Requirement be, and the same hereby is, determined to be $625,000 pursuant to the Power Sales Agreement and the Power Revenue Bond Resolution. yeas (QUA, HR MOY MALA?, Ped COP NAYS CL ABSENT (icky af Seavewo — DRAFT 7/9/90 EEW/jf te /\Apnd the resolution was declared adopted this the LT day of , 1990. BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE Chairman ectetary RESOLUTION 90 - Page 2 A21182JF To be changed befo__ Authority meeting of 7/25/90, possibly before PMC meeting of 7/17/90. RECORD VOPY FILE NO pro 3 { Min DRAFT 7/2/90 BLACKLINED FROM 1989 VERSION EEW/jf 7 10 3610.2010 ALASKA ENERGY AUTHORITY RESOLUTION NO. $9/7390- A SUPPLEMENTAL RESOLUTION AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF SYDB/DOX/LAZ. POWER REVENUE BONDS, FYRS7SECOND SERIES (BRADLEY LAKE HYDROELECTRIC PROJECT) BE IT RESOLVED by the Board of Directors of the Alaska Energy Authority on the 7¥p~___s day off Sevrerbey , 198990, that pursuant to the Power Revenue Bond Resolution adopted on September 7, 1989, (hereinafter referred to as the "Resolution"), this Supplemental Resolution is adopted as follows: ARTICLE I Definitions and Authority 101. Short Title. This Resolution may hereafter be cited by the Authority, and is hereinafter sometimes referred to as the "F7Yy¢#Second Series Resolution". 102. Definitions. (a) All defined terms contained in the Resolution shall have the same meanings, respectively, in this F7yyg¥Second Series Resolution as such defined terms are given in Section 102 of the Resolution. (b) In addition, as used in the F7Yy¢¥Second Series Resolution, unless the context shall otherwise require, the following terms shall have the following respective meanings: "Accreted Value" shall have the meaning such defined term is given in Section 204. "Bonds" or "F7Yy¢¢Second Series Bonds" means the Bonds of the Authority of the Series authorized by this fFj'y¢%Second Series Resolution and herein designated "Power Revenue Bonds, ¥77xsxSecond Series". "Capital Appreciation Bonds" means the Bonds maturing Saar Mat "Current Interest Bonds" means the Serial Bonds and the Term Bonds. "1985 Indenture” means the Indenture dated as of October 1, 1985, securing the Variable Rate Demand Bonds. “Serial Bonds" means any Current Interest Bonds maturing on or before JUY¥/1//Z9O4. “Term Bonds" means any Current Interest Bonds aa on SALY/LS/22D94 /BALY/ ES /2DIBSL/DAYN/UL/2OXT / AAA/ FANN 103. Authority for this Resolution. This ¥7y¢¥Second Series Resolution is adopted pursuant to the provisions of the Act and the Resolution. ARTICLE II Authorization, Terms and Issuance 201. Authorization, Principal Amount, Description and Series. In order to provide funds necessary for the purpose specified in Section 203 of the Resolution, in accordance with and subject to the terms, conditions and limitations established herein and in the Resolution, a Series of Power Revenue Bonds is hereby authorized to be issued in the aggregate principal amount of SYO2B/BOX/7XAZ. - The Authority is of the opinion and hereby determines that the issuance of the Bonds in said amount is necessary to provide sufficient funds to be used and expended for the purposes specified in Section 202 of the Resolution. The Bonds of such Series shall be designated and entitled "Power Revenue Bonds, ¥ixvsxSecond Series (Bradley Lake Hydroelectric Project)". The Bonds shall consist of $27/2719/@OQ. principal amount of Serial Bonds, $74/733/29@. principal amount of Term Bonds and $3/Q@3B8/J&Z maturity amount of Capital Appreciation Bonds ($ initial principal amount) and shall be issued in fully registered form. 202. Purposes. The purpose for which the Bonds are being issued is to pay the Cost of Acquisition and Construction of the Project, including, without limitation, to providedy¢/¥¢g PYS¥7A¥As¢ Apid/d¢ygs7¥x/funds for deposit in the Renewal and Contingency Reserve Fund, the Capital Reserve Fund, the Interest Account of the Debt Service Fund, the Operating Reserve Account of the Operating Fund, and the Construction Fund, ZACYAAYAS//AAEMPSUL/ LIM ALY gpx/and the refunding of A PSYXA¥Sn/PF/the balance of the Outstanding Variable Rate Demand Bonds, all to the extent and subject to the limitations and in the amounts provided in the Resolution and in Article II hereof. AYYThe amountg deposited in the account in the Construction Fund for the Project shall be expended to pay Costs of Issuance of the Bonds, to the extent permitted by the RESOLUTION NO. 90- Page 2 A21174JF Code/. AKdA/XMK/AYAN¢e¢The amount necessary of the proceeds of the Bonds shall be applied by the Authority to the pure ¢KAge/grx/ redemption of all the Variable Rate Demand Bonds Outstanding. TNE /AeeSSx¥/in/ME/LADILAY / RE der E/ EU A/ MALY /BE/An/ Am ou AK ELAAL/ES/MAXI MYM /KA gre gare /PEBY/Strvigd/ In addition to the deposits required by Section 203 of the Resolution, SUZ/ID7/ZEBLNZ. of the amount of the proceeds of the Bonds set forth in the certificate referred to herein shall be deposited in the Interest Account of the Debt Service Fund. The provisions of Section 203 of the Resolution shall be complied with as follows: (a) A deposit shall be made from Bond proceeds into the Capital Reserve Fund in an amount which shall cause the amount deposited in said Fund from Bond proceeds to equal, but not exceed, the Capital Reserve Requirement which is determined to be the lesser of (i) ten percent of the original purchase price of the Bonds, (ii) 125% of the average amount of principal and interest on all Bonds scheduled to accrue during each 12 month period following the date of issuance of the Bonds and (iii) the maximum amount of principal and interest on the Bonds scheduled to accrue during any consecutive twelve month period following the date of issuance of the Bonds. (b) Further amounts from other than Bond proceeds shall be deposited in the Operating Reserve Account and in the Renewal _ and Contingency Reserve Fund in an amount which shall cause the amount in the Operating Reserve Account to equal the Operating Reserve Account Requirement and in an amount which shall cause the amount in the Renewal and Contingency Reserve Fund to equal to the Renewal and Contingency Reserve Requirement. The source for such payments shall be specified in the Certificate of Authorized Officer referred to in Section 401. (c) The amounts of the proceeds of the Bonds to be deposited in the Funds or Accounts or applied to the purpose set out in this section, shall be specified in the Certificate of aa nace referred a in Section 401. eee aia™ ELA /Yohd [CHAR YPALYA PUMA dled /#olt ld at ike 48/ AUS oLI ee BY/AA/PALUSYXZEA/DLEZ LEX / /ADE/TN/EKLASS/DE/EME/ Apu e/per Myr red ¥D/PE/AEBSELLEA/ PUY BUAML/¥D/YME/LSAS//LOSELM EY / MII / IMs /Ae ps srK ¥D/YRE/LABLL AY /RESE YN E/F UNAS / MALY Pe / dees sr red /rn/YUs /RenehAy ANA / COAL IAS ANS Y /RESELVE/FUMA///TME/ASBSEL E/T A/ LUE /RENehAY/ An LOALINSEN LY /RESELVE/ FUN A/7S/ALL EY MI Ne A/S /BE/ME essary /TH LPOVASLEX DA /ALYM/KM E/E SMAM SE / SF /KUE/BSdgs / 203. Issue Date and Form. The Current Interest Bonds shall be dated S¢p¢enbeyx/X//XYIBIKMGASK/X//AGIPIuly 1, 1990. The Capital Appreciation Bonds shall be dated as of the RESOLUTION NO. 90- Page 3 A21174JF date of their delivery. The Bonds shall be issued in the form of a separate, single, authenticated, fully registered Bond for each maturity and upon issuance, the ownership of such Bonds shall be registered in the registry books kept by the Trustee in the name of Cede & Co., as nominee for The Depository Trust Company, the Bond Depository as provided in Subsection 305(3) of the Resolution. 204. Maturities and Interest Rates. (a) The Current Interest Bonds shall be issued in the denomination of $5,000 or any integral multiple thereof, shall mature on July 1 in the following years, and the Current Interest Bonds maturing in each such year shall mature in the principal amount and bear interest from the date thereof, payable on January 1, 79991991, and semiannually thereafter on January 1 and July 1 in each year, at the rates set opposite such year in the following table: Principal Amount Years Maturing Rates AIIZ// 1/1111: 1 BXAXT BL DOB////// 1 BL 29% APBB////1 11/11 EL EBB DOB) // 111 / BLBD APPE/////1111 1 EL BBELIDB/// 1/1/11 Bf AD APBB//11/ 11/11 XL BBQLDOB//// 1/1 / BL BD XPBB///1/11 111 XLT IBLBOB//// 11 / BL BD ADIT S111 11111 EL IQBAL IDB/// 11/1/8479 XPIB//11/ 11/11 24 BBBL9OB////1// BL 2D XPBB///1 11111 PLAT BL IIB/// 1/1/11 BL 9D PIDOSS// 1/1111 1 PL BEB DOB/// 1/1/17 LBD PIDES// 1/11/11 PLEPBLDID/// 11/17 BD PIDAI//// 11111 PL BBBL DIDS // 1/1/17 LED PBDB/S/1/11 111 PL BBOLDOB//// 1/1 TLD 22BB/////11 11134 2BBLIDD/// 11/1 TEED 2IDB//// 1/11/11 BLT BBL DDD) / 1/111 /T LEB 22EB//// 1/1111 BEL BQBL DID) /// 11/7 LEB 2IET//// 111111 BLEEBLIQB/// 1/1/17 LBD PBZXSS/S/ 1111 EBL BIBL DOB//// 1/1 BL 2B (b) The Capital Appreciation Bonds shall be issued in maturity amounts of $5,000 or any integral multiple thereof and bear interest from their date accrued and compounded semiannually on January 1 and July 1 of each year commencing January 1, 198991. The Capital Appreciation Bonds maturing on July 1, Z99z shall be issued in the initial principal amount of S$7V/Q@9D/B43 , the Capital Appreciation Bonds maturing on July 1, 2996 shall be issued in the initial principal amount of $7/@XY7/@BB/1D. , and the Capital Appreciation Bonds maturing on July 1, 2997 shall be issued RESOLUTION NO. 90- Page 4 A21174JF in the initial principal amount of $948/372/99. The Accreted Value of the Capital Appreciation Bonds in each | year shall be set forth in a certificate of an Authorized Officer filed with the Trustee prior to the delivery of the Bonds and the Accreted Value in each such year shall be fixed so that the initial principal amount of the Bonds stated is correct if interest accrues on such initial principal amount at a rate of BEY EN /ANA/OME/¥eneM _—==Ss_—Ss— CC ~Cpercent (7/749 _%) per annum compounded on January 1, Y¥9%1991 and on each July 1 and January 1 thereafter. The Capital Appreciation Bonds are not subject to redemption prior to maturity. 205. Denominations, Numbers and Letters. Bonds shall be numbered and lettered in such manner as an Authorized Officer of the Authority shall determine prior to delivery thereof. 206. Redemption. The Current Interest Bonds maturing on or after July 1, 299 (other than the Bonds maturing in July 1, 2927. ) are subject to redemption, either as a whole or in part, on any date (which date shall be determined by the Authority or selected by the Trustee, subject to the provisions of, and in accordance with, the Resolution and when so determined or selected shall be deemed and is hereby set forth as a redemption date) on and after July 1, LIID , and prior to their respective maturities, upon notice as provided in Article IV of the Resolution, at the respective Redemption Prices (expressed as percentages of the principal amount of such Bonds to be so redeemed) set opposite such period in the following table, plus in each case interest accrued to the redemption date: Redemption Prices Period (Expressed as a (Both Dates Inclusive) Percentage) July 1, X#77____ - June 70 _, Z2990G_ 102 July 1, 299% ___ - ~ June 22 __, ZPBX__ 101 July 1, Z@@x. and thereafter 100 207. Redemption. The Current Interest Bonds maturing on July 1, 2977. are subject to redemption, either as a whole or in part, on any date (which date shall be determined by the Authority subject to the provisions of, and in accordance with, the Resolution and when so determined shall be deemed and is hereby set forth as a redemption date) on and after July 1, 7X999 , upon notice as provided in Article IV of the Resolution, at the Redemption Price equal to the RESOLUTION NO. 90- Page 5 A21174JF principal amount thereof to be redeemed, plus in each case interest accrued to the redemption date. 208. Sinking Fund Installments. The Term Bonds maturing on July 1, 2999. shall be subject to redemption in part by operation of the Principal Account through application of Sinking Fund Installments as provided in Subsection 507(2) of the Resolution on July 1, 2992 and on each July 1 thereafter as herein provided in each case at a Redemption Price equal to the principal amount of each Bond or portion thereof to be redeemed, together with interest accrued to the redemption date. There shall be due and the Authority shall at any and all events be required to pay on July 1 of each of the years set forth in the following table the amount set opposite each such year in said table and said amount is hereby established as and shall constitute a Sinking Fund Installment for the retirement of the Term Bonds maturing in 2999 7 provided, however, that the amount set opposite in said table shall be payable at the stated maturity date of the said Term Bonds and shall not constitute a Sinking Fund Installment: Year Sinking Fund Installments 4) | 24/27 B/ 92D 7POA__ BLBID/ DDD 209. Sinking Fund Installments. The Term Bonds maturing on July 1, 2076 shall be subject to redemption in part by operation of the Principal Account through application of Sinking Fund Installments and provided in Subsection 507(2) of the Resolution on July 1, 297% and on each July 1 thereafter as herein provided in each case at a Redemption Price equal to the principal amount of each Bond or portion thereof to be redeemed, together with interest accrued to the redemption date. There shall be due and the Authority shall at any and all events be required to pay on July 1 of each of the years set forth in the following table the amount set opposite each such year in said table and said amount is hereby established as and shall constitute a Sinking Fund Installment for the retirement of the Term Bonds maturing in Z@76 a provided, however, that the amount set opposite Z97¢ in said table shall be payable at the stated maturity date of the said Term Bonds and shall not constitute a Sinking Fund Installment: Year Sinking Fund Installments POYB/SSSSSISSISSS LLL SILLS LLL 1 BBA I BDL BDO POMXSSISSSIISS ISLS LLL TLL LS LLL 1 LBL BBBL EOD POURSIISSSSIISSI SAI TI ILLS LLL 1 LL EL B PBL OOD RESOLUTION NO. 90- Page 6 A21174JF PQEBS/ISSSSSSILLSI LSS LLL SSL 1 Bh BEL EDD PREESSISSSSISSL LTS LLL LSS LS L111 LBL BOL BOD POEB//SISSSSISLLLLS SLL LLL LLL LLL LBA BEDL DOD PIUBS//SSSISTSSSSISSL SLITS L111 BAT PBA OOD 210. Sinking Fund Installments. The Term Bonds maturing on July 1, Z9Z7 shall be subject to redemption in part by operation of the Principal Account through application of Sinking Fund Payments as provided in Subsection 507(2) of the Resolution on July 1, Z@7Z and on each July 1 thereafter as herein provided in each case at a Redemption Price equal to the principal amount of each Bond or portion thereof to be redeemed, together with interest accrued to the redemption date. There shall be due and the Authority shall at any and all events be required to pay on July 1 of each of the years set forth in the following table the amount set opposite each such year in said table and said amount is hereby established as and shall constitute a Sinking Fund Installment for the retirement of the Term Bonds maturing in Z9Z7 , provided, however, that the amount set opposite Z97Z7. in said table shall be payable at the stated maturity date of the said Term Bonds and shall not constitute a Sinking Fund Installment: Year Sinking Fund Installments PRUB//SSSSSSSISLLS LLL LLL LLL LL BBA BBB A BOD POLBS/SSSSSISTSSLLLSS SLL L LLL LLL Th BPBL BDO PLEBSSIISSSIISSLITLSLL TLS LLL LLL Th EBL ODD PREXSSISSSSSSISSSS ILL AL LSS 111 TA BE BA ODD 211. No Redemption of Bonds from Construction Fund Moneys. The Bonds shall not be subject to redemption pursuant to subsection 503(8) of the Resolution. ARTICLE III Sale and Delivery of Bonds 301. Sale of Bonds. Provisions are made for the sale of the Bonds pursuant to a proposed Bond Purchase Agreement between the underwriter named therein, John Nuveen & Co. Incorporated (the "Underwriter"), and the Authority (the "Bond Purchase Agreement") which Bond Purchase Agreement shall RESOLUTION NO. 90- Page 7 A21174JF be in substantially the same form and content as the Bond Purchase Agreement presented to and part of the records of this meeting. The form and content of the Bond Purchase Agreement be, and the same hereby are, in all respects authorized, approved and confirmed, and the Chairman or Vice Chairman or the Executive Director be, and each of them hereby is, authorized, empowered and directed to execute and deliver the Bond Purchase Agreement for and on behalf of the Authority to the Underwriter for the sale of the Bonds substantially in the form and content presented to and made a part of the records of this meeting, but with such changes, modifications, additions, and deletions therein as shall to them seem necessary, desirable or appropriate, the execution thereof to constitute conclusive evidence of their approval of any and all changes, modifications, additions or deletions thereto from the form, and after the execution and delivery of the Bond Purchase Agreement, the Chairman, Vice Chairman and the Executive Director are hereby authorized, empowered and directed to do all such acts and things and to execute all such documents as may be necessary to carry out and comply with the provisions of the Bond Purchase Agreement as executed. 302. Approval of Official Statement. The distribution of a final Official Statement, as presented to and made part of the records of this meeting, which is in substantially the form and content of the Preliminary Official Statement approved by resolution of the Board on Kyughs¢ y4°4 , 198990, and the use thereof by the Underwriter in connection with the offering of the Bonds, is hereby ratified, confirmed and approved. 303. Investment Agreements. The Chairman or Vice Chairman or the Executive Director be, and each of them hereby is authorized and empowered to execute and deliver appropriate investment agreements with financial institutions providing for investment of proceeds of the Bonds and amounts to be transferred from other funds of the Authority to secure the Bonds in such form and on such terms and conditions as they deem appropriate. 304. Delivery of Bonds. The Chairman, Vice Chairman, Executive Director and such other person or persons as may be designated by the Executive Director are specifically designated as Authorized Officers as defined in the Resolution and they hereby are severally authorized, after execution of the Bonds, to deliver the Bonds to the Trustee for authentication under the Resolution, and, upon authentication and upon receipt of the balance of the purchase price of the Bonds, to deliver to the Trustee a written order in the name of the Authority directing the Trustee to deliver the Bonds to or upon the order of the Underwriter, and to receive the proceeds RESOLUTION NO. 90- Page 8 A21174JF of sale of the Bonds and give a written receipt therefor on behalf of the Authority, to apply said proceeds and the other moneys required to be transferred or deposited in accordance with the terms of the Resolution and this Resolution and in such manner as is required to cause the conditions precedent to the issuance of the Bonds to be complied with, and to do and perform or cause to be done and performed, for and on behalf of the Authority, all acts and things that constitute conditions precedent to the authentication and delivery of the Bonds or that are otherwise required or convenient to be done and performed by or on behalf of the Authority prior to or simultaneously with the delivery of the Bonds. Such Authorized Officers are hereby severally authorized for and on behalf of the Authority to do or cause to be done all acts and things required or desirable to be done by the Authority under and pursuant to the terms of the Resolution, and in accordance with the terms and conditions of the Bond Purchase Agreement of the Authority with respect to the Bonds. ARTICLE IV Variable Rate Demand Bonds 401. %érd¢érRedemption of Variable Rate Demand Bonds. SOV A/PAN EEN/K/LD// TAL DY BDL AX EA/TLS/AVLUS LX ZS A/ DA /PEMALS / DL /IME PALM SYYE Y/Y D/BUAL CVA SSE /VAYLABYS /RALSE/Pew And /Ponds/ (Br AAY SY /LAKS WY AY SAYA SEY LS /VYDIALEY / /MB/LD/BBB/ML XA OA/LA/BLIALI BAY / AM SMALE / EY E/V ALT ABYE /RAL SE /VEM ANA /BONAS/ SUALY /PS/Bur ChA sed /BY/THE/BanK DE/REA/YOYKS /AB/TRE/PALIAS/KAAAY Md sy /xN es /IAdeneuyd/ sigur rng ERE /V ALL ABI E /RALS/PEM And / BON As/K Sr /BY/ JOA / Phy En /K/LD/ ) INE DYOSYAYAA/DA/VEMALS / DL /YUSE/PANIAS/KASMLY /BUL AMAL /YS/ZELKA SH 2/DZRLN / AV A/ BALLXDA/1D/9B/DL/¥NS/Indsnevyd///The balance of the Outstanding Variable Rate Demand Bonds/Mp/¢S/$BB/MIXV Aon /7iK BYINLL VAY /AMSUML/ASL /PUL CMA SEA/ BY SY /¥S/ALX IV AYN /DL/YMS/ Bong shall be redeemed pursuant to Section 3.01(A)(1) of the 1985 Indenture within 90 days of the date of delivery of the Bonds. Amounts held in Funds and Accounts under the 1985 Indenture shall be applied to the redemption of the Variable Rate Demand Bonds and otherwise as may be specified in a Certificate of an Authorized Officer of the Authority filed with the Trustee on the date of delivery of the Bonds. ARTICLE V 501. Scheduled Maintenance Fund. A Scheduled Maintenance Fund, to be held by the Trustee, is hereby established. Amounts may be paid into the Scheduled Maintenance Fund by the Authority out of amounts received for that purpose from the Purchasers. The Trustee shall make payments from the Scheduled Maintenance Fund and apply amounts in the Scheduled Maintenance Fund to payment of items of RESOLUTION NO. 90- Page 9 A21174JF maintenance, renewal, repair and rehabilitation of the Project, as_ specified ina requisition of the Committee delivered to the Trusteexyug /7¥ ens / SAY /F YIU /Md ge y¥ /SECY I SH /BOB(VY / DF / YUE Copipixyey¥dés¢. For Gareceed of tes Rend utzon this Fund shail = considered as if established by Section 502 of the Resolution and pyY¢¥ideéd//YKAY/amounts in the Scheduled Maintenance Fund shall be, and the same are, included in ~g¥/ipf/Any /evere BE AVALY ABI SE /¥S [BAY /BYIAELBAY / SF / BY TAY SV esY / SA / Ys /Bonds /Ana/the pledge effected in Section 501 of the Resolution, provided, that amounts in the Scheduled Maintenance Fund shall be applied to the payment of principal of or interest on the Bonds only after all other pledged amounts have been so applied/sKAYY /M¢ ARTICLE VI Trustee 2601. Security Pacific Bank Washington, N.A. is appointed TyyUs¢¢¢/And/Paying Agent for the Second Series Bonds pursuant to Section 902 of the Resolution. AREF LUE /YE VILTLLLLLILLTTI LLL 11 TY PREPV EE | LEOOL LEAL LILIS1111/ BBL / / FEEVLEN EE / COMME MEE ///TUE/ COMM Y MEN L/ DF /BSVA FAA ESEDSYS/SUAYARLY /I ASML AN eS /CompAny /¥S/PyYS¥ ide /rnshrAngs/PF YUE /BSNAS/ PELL EX EA/LMEL EI A/TH/ IME / form /Pre sehr ed/KS/AnA/MAde/A BALE /DL/YUE/LELDYAS/DI/XLMIB/ME ELINA / 1B /AMLUS LIA A/ ANA / App yoy eA OA/PEMALE /DE/EME/KALM SLX EY /AVA/EME/BKE LULL VE /Pir eer sy / 7s PALM SYA ZEA/LD/ EXELL E/AVA/ ALLA VEX / LUNE / SoM LM en / Sn /PEMALS/ DF YR E/PALY SL LEN/ ARTICLE VII Book - Entry 701. The Bonds shall be issued in book-entry form pursuant to paragraphs 3-8 of Section 305 of the Resolution. The Bond Depository shall be The Depository Trust Company. ARTICLE VIII Effective Date 801. This Resolution shall take effect immediately. RESOLUTION NO. 90- Page 10 A21174JF Supplemental Resolution approved and adopted by Alaska Energy Authority on S¢p¥¢epber/7//AIBI/ “ 1990. ALASKA ENERGY AUTHORITY By Chairman RESOLUTION NO. 90- Page 11 A21174JF RECORD UOPY FILE NO Tic C eelet. WW rw DRAFT 7/2/90 4117190 EEW/jf 3610.2010 ALASKA ENERGY AUTHORITY RESOLUTION NO. 90-10 A SUPPLEMENTAL RESOLUTION AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF $ POWER REVENUE BONDS, SECOND SERIES (BRADLEY LAKE HYDROELECTRIC PROJECT) BE IT RESOLVED by the Board of Directors of the Alaska Energy Authority on the day of , 1990, that pursuant to the Power Revenue Bond Resolution adopted on September 7, 1989, (hereinafter referred to as the "Resolution"), this Supplemental Resolution is adopted as follows: ARTICLE I Definitions and Authority 101. Short Title. This Resolution may hereafter be cited by the Authority, and is hereinafter sometimes referred to as the "Second Series Resolution". 102. Definitions. (a) All defined terms contained in the Resolution shall have the same meanings, respectively, in this Second Series Resolution as such defined terms are given in Section 102 of the Resolution. (b) In addition, as used in the Second Series Resolution, unless the context shall otherwise require, the following terms shall have the following respective meanings: "Accreted Value" shall have the meaning such defined term is given in Section 204. "Bonds" or "Second Series Bonds" means the Bonds of the Authority of the Series authorized by this Second Series Resolution and herein designated "Power Revenue Bonds, Second Series". "Capital Appreciation Bonds" means the Bonds: maturing on "Current Interest Bonds" means the Serial Bonds and the Tern Bonds. "1985 Indenture" means the Indenture dated as of October 1, 1985, securing the Variable Rate Demand Bonds. "Serial Bonds" means any Current Interest Bonds maturing on or before "Term Bonds" means any Current Interest Bonds maturing on 103. Authority for this Resolution. This Second Series Resolution is adopted pursuant to the provisions of the Act and the Resolution. ARTICLE II Authorization, Terms and Issuance 201. Authorization, Principal Amount, Description and Series. In order to provide funds necessary for the purpose specified in Section 203 of the Resolution, in accordance with and subject to the terms, conditions and limitations established herein and in the Resolution, a Series of Power Revenue Bonds is hereby authorized to be issued in the aggregate principal amount of $ . The Authority is of the opinion and hereby determines that the issuance of the Bonds in said amount is necessary to provide sufficient funds to be used and expended for the purposes specified in Section 202 of the Resolution. The Bonds of such Series shall be designated and entitled "Power Revenue Bonds, Second Series (Bradley Lake Hydroelectric Project)". The Bonds shall consist of $ principal amount of Serial Bonds, $ principal amount of Term Bonds and §$ maturity amount of Capital Appreciation Bonds ($ initial principal amount) and shall be issued in fully registered form. 202. Purposes. The purpose for which the Bonds are being issued is to pay the Cost of Acquisition and Construction of the Project, including, without limitation, to provide funds for deposit in the Renewal and Contingency Reserve Fund, the Capital Reserve Fund, the Interest Account of the Debt Service Fund, the Operating Reserve Account of the Operating Fund, and the Construction Fund, and the refunding of the balance of the Outstanding Variable Rate Demand Bonds, all to the extent and subject to the limitations and in the amounts provided in the Resolution and in Article II hereof. The amount deposited in the account in the Construction Fund for the Project shall be expended to pay Costs of Issuance of the Bonds, to the extent permitted by the Code. The amount necessary of the proceeds of the Bonds shall be applied by the Authority to the redemption of all the Variable Rate Demand Bonds Outstanding. In RESOLUTION NO. 90- Page 2 A21174JF addition to the deposits required by Section 203 of the Resolution, $ of the amount of the proceeds of the Bonds set forth in the certificate referred to herein shall be deposited in the Interest Account of the Debt Service Fund. The provisions of Section 203 of the Resolution shall be complied with as follows: (a) A deposit shall be made from Bond proceeds into the Capital Reserve Fund in an amount which shall cause the amount deposited in said Fund from Bond proceeds to equal, but not exceed, the Capital Reserve Requirement which is determined to be the lesser of (i) ten percent of the original purchase price of the Bonds, (ii) 125% of the average amount of principal and interest on all Bonds scheduled to accrue during each 12 month period following the date of issuance of the Bonds and (iii) the maximum amount of principal and interest on the Bonds scheduled to accrue during any consecutive twelve month period following the date of issuance of the Bonds. (b) Further amounts from other than Bond proceeds shall be deposited in the Operating Reserve Account and in the Renewal and Contingency Reserve Fund in an amount which shall cause the amount in the Operating Reserve Account to equal the Operating Reserve Account Requirement and in an amount which shall cause the amount in the Renewal and Contingency Reserve Fund to equal to the Renewal and Contingency Reserve Requirement. The source for such payments shall be specified in the Certificate of Authorized Officer referred to in Section 401. (c) The amounts of the proceeds of the Bonds to be deposited in the Funds or Accounts or applied to the purpose set out in this section, shall be specified in the Certificate of Authorized Officer referred to in Section 401. 203. Issue Date and Form. The Current Interest Bonds shall be dated July 1, 1990. The Capital Appreciation Bonds shall be dated as of the date of their delivery. The Bonds shall be issued in the form of a separate, single, authenticated, fully registered Bond for each maturity and upon issuance, the ownership of such Bonds shall be registered in the registry books kept by the Trustee in the name of Cede & Co., as nominee for The Depository Trust Company, the Bond Depository as provided in Subsection 305(3) of the Resolution. 204. Maturities and Interest Rates. (a) The Current Interest Bonds shall be issued in the denomination of $5,000 or any integral multiple thereof, shall mature on July 1 in the following years, and the Current Interest Bonds maturing in each such year shall mature in the principal amount and bear interest from the date thereof, payable on January 1, 1991, and RESOLUTION NO. 90- Page 3 A21174JF semiannually thereafter on January 1 and July 1 in each year, at the rates set opposite such year in the following table: Principal Amount Years Maturing Rates (b) The Capital Appreciation Bonds shall be issued in maturity amounts of $5,000 or any integral multiple thereof and bear interest from their date accrued and compounded semiannually on January 1 and July 1 of each year commencing January 1, 1991. The Capital Appreciation Bonds maturing on July 1, shall be issued in the initial principal amount of $ , the Capital Appreciation Bonds maturing on July 1, shall be issued in the initial principal amount of $ , and the Capital Appreciation Bonds maturing on July 1, shall be issued in the initial principal amount of $ . The Accreted Value of the Capital Appreciation Bonds in each year shall be set forth in a certificate of an Authorized Officer filed with the Trustee prior to the delivery of the Bonds and the Accreted Value in each such year shall be fixed so that the initial principal amount of the Bonds stated is correct if interest accrues on such initial principal amount at a rate of percent (__%) per annum compounded on January 1, 1991 and on each July 1 and January 1 thereafter. The Capital Appreciation Bonds are not subject to redemption prior to maturity. 205. Denominations, Numbers and Letters. Bonds shall be numbered and lettered in such manner as an Authorized RESOLUTION NO. 90- Page 4 A21174JF Officer of the Authority shall determine prior to delivery thereof. 206. Redemption. The Current Interest Bonds maturing on or after July 1, (other than the Bonds maturing in July 1, ) are subject to redemption, either as a whole or in part, on any date (which date shall be determined by the Authority or selected by the Trustee, subject to the provisions of, and in accordance with, the Resolution and when so determined or selected shall be deemed and is hereby set forth as a redemption date) on and after July 1, , and prior to their respective maturities, upon notice as provided in Article IV of the Resolution, at the respective Redemption Prices (expressed as percentages of the principal amount of such Bonds to be so redeemed) set opposite such period in the following table, plus in each case interest accrued to the redemption date: Redemption Prices Period (Expressed as a (Both Dates Inclusive) Percentage) July 1, - June __, 102 July 1, - June __, 101 July 1, and thereafter 100 207. Redemption. The Current Interest Bonds maturing on July 1, are subject to redemption, either as a whole or in part, on any date (which date shall be determined by the Authority subject to the provisions of, and in accordance with, the Resolution and when so determined shall be deemed and is hereby set forth as a redemption date) on and after July 1, , upon notice as provided in Article IV of the Resolution, at the Redemption Price equal to the principal amount thereof to be redeemed, plus in each case interest accrued to the redemption date. 208. Sinking Fund Installments. The Term Bonds maturing on July 1, shall be subject to redemption in part by operation of the Principal Account through application of Sinking Fund Installments as provided in Subsection 507(2) of the Resolution on July 1, and on each July 1 thereafter as herein provided in each case at a Redemption Price equal to the principal amount of each Bond or portion thereof to be redeemed, together with interest accrued to the redemption date. There shall be due and the Authority shall at any and all events be required to pay on July 1 of each of the years set forth in the following table the amount set opposite each such year in said table and said amount is hereby established as and shall constitute a Sinking Fund Installment for the retirement of the Term Bonds maturing in , provided, RESOLUTION NO. 90- Page 5 A21174JE however, that the amount set opposite in said table shall be payable at the stated maturity date of the said Term Bonds and shall not constitute a Sinking Fund Installment: Year Sinking Fund Installments 209. Sinking Fund Installments. The Term Bonds maturing on July l, shall be subject to redemption in part by operation of the Principal Account through application of Sinking Fund Installments and provided in Subsection 507(2) of the Resolution on July 1, and on each July 1 thereafter as herein provided in each case at a Redemption Price equal to the principal amount of each Bond or portion thereof to be redeemed, together with interest accrued to the redemption date. There shall be due and the Authority shall at any and all events be required to pay on July 1 of each of the years set forth in the following table the amount set opposite each such year in said table and said amount is hereby established as and shall constitute a Sinking Fund Installment for the retirement of the Term Bonds maturing in , provided, however, that the amount set opposite in said table shall be payable at the stated maturity date of the said Term Bonds and shall not constitute a Sinking Fund Installment: Year Sinking Fund Installments 210. Sinking Fund Installments. The Term Bonds maturing on July 1, shall be subject to redemption in part by operation of the Principal Account through application of Sinking Fund Payments as provided in Subsection 507(2) of the Resolution on July 1, and on each July 1 thereafter as herein provided in each case at a Redemption Price equal to the principal amount of each Bond or portion thereof to be redeemed, together with interest accrued to the redemption RESOLUTION NO. 90- Page 6 A21174JF date. There shall be due and the Authority shall at any and all events be required to pay on July 1 of each of the years set forth in the following table the amount set opposite each such year in said table and said amount is hereby established as and shall constitute a Sinking Fund Installment for the retirement of the Term Bonds maturing in , provided, however, that the amount set opposite in said table shall be payable at the stated maturity date of the said Term Bonds and shall not constitute a Sinking Fund Installment: Year Sinking Fund Installments 211. No Redemption of Bonds from Construction Fund Moneys. The Bonds shall not be subject to redemption pursuant to subsection 503(8) of the Resolution. ARTICLE III Sale and Delivery of Bonds 301. Sale of Bonds. Provisions are made for the sale of the Bonds pursuant to a proposed Bond Purchase Agreement between the underwriter named therein, John Nuveen & Co. Incorporated (the "Underwriter"), and the Authority (the "Bond Purchase Agreement") which Bond Purchase Agreement shall be in substantially the same form and content as the Bond Purchase Agreement presented to and part of the records of this meeting. The form and content of the Bond Purchase Agreement be, and the same hereby are, in all respects authorized, approved and confirmed, and the Chairman or Vice Chairman or the Executive Director be, and each of them hereby is, authorized, empowered and directed to execute and deliver the Bond Purchase Agreement for and on behalf of the Authority to the Underwriter for the sale of the Bonds substantially in the form and content presented to and made a part of the records of this meeting, but with such changes, modifications, additions, and deletions therein as shall to them seem necessary, desirable or appropriate, the execution thereof to constitute conclusive evidence of their approval of any and all changes, modifications, additions or deletions thereto from the form, and after the execution and delivery of the Bond Purchase Agreement, the Chairman, Vice Chairman and the Executive Director are hereby authorized, empowered and directed to do all such acts and things and to execute all such documents as RESOLUTION NO. 90- Page 7 A21174JF may be necessary to carry out and comply with the provisions of the Bond Purchase Agreement as executed. 302. Approval of Official Statement. The distribution of a final Official Statement, as presented to and made part of the records of this meeting, which is in substantially the form and content of the Preliminary Official Statement approved by resolution of the Board on 1990, and the use thereof by the Underwriter in connection with the offering of the Bonds, is hereby ratified, confirmed and approved. 303. Investment Agreements. The Chairman or Vice Chairman or the Executive Director be, and each of them hereby is authorized and empowered to execute and deliver appropriate investment agreements with financial institutions providing for investment of proceeds of the Bonds and amounts to be transferred from other funds of the Authority to secure the Bonds in such form and on such terms and conditions as they deem appropriate. 304. Delivery of Bonds. The Chairman, Vice Chairman, Executive Director and such other person or persons as may be designated by the Executive Director are specifically designated as Authorized Officers as defined in the Resolution and they hereby are severally authorized, after execution of the Bonds, to deliver the Bonds to the Trustee for authentication under the Resolution, and, upon authentication and upon receipt of the balance of the purchase price of the Bonds, to deliver to the Trustee a written order in the name of the Authority directing the Trustee to deliver the Bonds to or upon the order of the Underwriter, and to receive the proceeds of sale of the Bonds and give a written receipt therefor on behalf of the Authority, to apply said proceeds and the other moneys required to be transferred or deposited in accordance with the terms of the Resolution and this Resolution and in such manner as is required to cause the conditions precedent to the issuance of the Bonds to be complied with, and to do and perform or cause to be done and performed, for and on behalf of the Authority, all acts and things that constitute conditions precedent to the authentication and delivery of the Bonds or that are otherwise required or convenient to be done and performed by or on behalf of the Authority prior to or simultaneously with the delivery of the Bonds. Such Authorized Officers are hereby severally authorized for and on behalf of the Authority to do or cause to be done all acts and things required or desirable to be done by the Authority under and pursuant to the terms of the Resolution, and in accordance with the terms and conditions of the Bond Purchase Agreement of the Authority with respect to the Bonds. RESOLUTION NO. 90- Page 8 A21174JF ARTICLE IV Variable Rate Demand Bonds 401. Redemption of Variable Rate Demand Bonds. The balance of the Outstanding Variable Rate Demand Bonds shall be redeemed pursuant to Section 3.01(A)(1) of the 1985 Indenture within 90 days of the date of delivery of the Bonds. Amounts held in Funds and Accounts under the 1985 Indenture shall be applied to the redemption of the Variable Rate Demand Bonds and otherwise as may be specified in a Certificate of an Authorized Officer of the Authority filed with the Trustee on the date of delivery of the Bonds. ARTICLE V 501. Scheduled Maintenance Fund. A Scheduled Maintenance Fund, to be held by the Trustee, is hereby established. Amounts may be paid into the Scheduled Maintenance Fund by the Authority out of amounts received for that purpose from the Purchasers. The Trustee shall make payments from the Scheduled Maintenance Fund and apply amounts in the Scheduled Maintenance Fund to payment of items of maintenance, renewal, repair and rehabilitation of the Project, as specified in a requisition of the Committee delivered to the Trustee. For purposes of the Resolution this Fund shall be considered as if established by Section 502 of the Resolution and amounts in the Scheduled Maintenance Fund shall be, and the same are, included in the pledge effected in Section 501 of the Resolution, provided, that amounts in the Scheduled Maintenance Fund shall be applied to the payment of principal of or interest on the Bonds only after all other pledged amounts have been so applied. ARTICLE VI Trustee 601. Security Pacific Bank Washington, N.A. is appointed Paying Agent for the Second Series Bonds pursuant to Section 902 of the Resolution. ARTICLE VII Book - Entry 701. The Bonds shall be issued in book-entry form pursuant to paragraphs 3-8 of Section 305 of the Resolution. The Bond Depository shall be The Depository Trust Company. RESOLUTION NO. 90- Page 9 A21174JF ARTICLE VIII Effective Date 801. This Resolution shall take effect immediately. Supplemental Resolution approved and adopted by Alaska Energy Authority on __, 1990. ALASKA ENERGY AUTHORITY By Chairman RESOLUTION NO. 90- Page 10 A21174JF Q@7/16,/98 15:5 oe w © wu 226 6a73 LHNew RECORD ULOPY FILE NO HEMORABNDUMN TO: Bradley Lake Utility Managers FROM: Ron Saxton and Marcey Rawitacher DATE: duly 16, 1990 RE: Reimbursement of Bradley Lake Utility Costs It is about time to wrap up the final details associated with reimbursement of utility costs incurred prior to both the first and second series bond sales. Several utilities have brought forth questions which might be unclear to other managers as well. This memorandum should answer most questions you may have on the unreimbursed costs issue. 1. WHICH UTILITY COSTS ARE ELIGIBLE FOR REIMBURSEMENT? Utility costs incurred to bring the Bradley Lake Project to completion may be reimbursed by the Alaska Energy Authority. There are two categories of costs which are eligible -- "Project" Costs and "Section 31" Costs. Section 31 Costs are paid 100% from bond proceeds and "Project" Costs are paid 50% from grant funds and 50% from bond proceeds. On November 30, 1989, the PMC approved all such expenses through October 31, 1989. These are attached as Attachment 1. Expenses after that date are shown on a second chart, Attachment 2. Specifically, the costs you may include are: PROJECT COSTS Al -- Finance Team Activities These expenses include all] travel associated costs for members of the Pinance Team for all trips and meetings associated with the first and second financings. AZ ~~ BPMC Legal and Finance These costs are determined by Lindsay, Hart. They represent the fees and costs for Ron Saxton's work on finance activities (participation on Finance Team, review and preparation of bond documents, etc.). Part of these expenses have been billed to the Committeaa (these amounts are shown in the utility column on the attached chart) and AEA will reimburse you directly. The remainder will not be billed to the utilities, but will be billed directly by Lindsay, Hart to the AEA at closing. e7/levye idtie B 24s 226 BET? LHNGi A3 -- Utility Opinion Letters This category will include expenses for the 1989 and 1990 opinion letters. This should include only your expenses for preparation of the legal opinions. Other legal expenses unrelated to preparation of the legal opinion should not be included. Attachment 1 includes all allowable costs for the 1989 opinion. Cests of the 1990 opinions have not yet been determined. Please start compiling your expenses at this time. We will be contacting you to get your final numbers in the near future. AS -- Technical Coordinating committee These include costs associated with meetings of Technical Coordinating Committee (i.e. travel related expenses). SECTION 31 B2 -- BPMC Organisation This includes costs and axpenses incurred for organization of the Committee and conducting Committee meetings and general business. You will note that two categories have dropped from the November, 1989 chart to the updated 1990 chart. we do not foresee additional expenses for categories B1 (Negotiations costs) and B3 (Smith Barney). The only category which remains active will be B2 (BPMC Organization). 2. WHICH COSTS HAVE BEEN PAID? The Alaska Energy Authority has sent each utility a check as reimbursement for Project Costs incurred prior to sale of the First Series Bonds. You will find that the amount corresponds to your utility's column and covers expenses from categories Al, Az and A3 of the “Unreimbursed Bradley Lake Costs" chart as adopted by the Bradley Lake Project Management Committee on November 30, 1989. The AEA has reimbursed each utility: Chugach $27,766.01 GVEA 15,265.80 AEG&T 15,742.25 Homer 1,331.84 MEA 8,114.00 ML&P 24,994.85 Seward 5038.50 Total $98,253.25 @7-16°98 15:16 SB 583 226 6073 LHN&W The remaining Project Cost (Category AS -- Technical Coordinating Committee expenses) has been determined by the AEA to be a "regular" project soet and will be paid from the Construction Fund. Section 31 costs (categories Bl, B2 and B3) will be paid from the proceeds of the 1985 bond issue when the refunding of that issue is complete. When the chart was adopted in November of 1989, it was with the assumption that it included all utility expenses through the end of October, 1989. Decisions were made by the AEA based on the figures agreed upon by the Committee. Any expenses incurred prior to October 1989 that were not included in the chart will not be reimbursed. 3. Before the end of July, the AEA must have all utility expense forms through June 30, 1990. The AEA has made this the cut-off @ate for determining costs prior to the upcoming bond sale. Extra money has been reserved for payment of costs incurred after June 30, I have attached a summary of the expense forms you have submitted te the AEA. The figures ware taken from the Unreimbursed Bradley Lake Costs form. Please let me know if there are additional forms which were submitted, but haven't been included in this update. -3- EQW\cgw226.mem a4 Simdge se wats @ suv 640 our? LANew es ATTAC NT 1 UWRELMELRSED BRADLEY LAXE COTS AS ADOPTED AT THE SRADLEY PROJECT MANAGEMENT COMMITTEE mEETINC noveum 38, 1989 PRosecT cosTe al FINANCE TEAM | ACTIVITIES 0.00 | 14,396.00 0.00 3,453.00 az BPMC LEGAL AND FINANCE 16,172.80 | 8,990.80 | 413,725.60 53,200.00 3 41989 UTILITY OPINION LETTERS | 9,808.21 | 4,879.00 2,016.65 | 3,331.86 11,216.05 | 2,449.50 39,600.25 { AS Tec EXPENSES | 0,00 7,629.00 0.00 | 21,512.58 32,570.58 1 ——— 15,762.25 5,469.50 SEcTion 31 costs NEGOTIATION COSTS OUTSIDE \p2 BPMG | ORGAN 1 ZATION | 49,131.26 | hed | SMITH BARNEY | 16,382.52 391,876.25 27,313.10 41,696.93 41,858.55 | 1,616.16 | 161,616.00 9,107.39 | 13,903.58 13,957.46 538.89 53,889.84 Sara wean | oar aaa EGW\egwOS2R doe costs tecunnen? floveaber 1, 1989 throug June 30, 1990 PROT Costs SATEGRY cms | creat agger* power? wea muse” FINANCE TEAM 576,00 CTLVITIES 0.0 eae 0.00 0.00 ¢.c 4,565.25 BPC LEGAL A@D FINANCE 1,673.1% 30.13 1,419.96 = - 1,425.47 1990 UTILITY OPINION LETTERS 4,198.90 as TOC ic 3.08 2,768.91 0.0 6,30. oom 3.0 0.0 on 1,826.06 | 13,578.42 1,619.96 6,380.60 0.0 6,000.72 55.0 29,346.97 4 15618 z 30 T obta 1,266.51 21,167.56 WHOWLIY i THSt @6-9tH~ee ces @ 6200 9722 mB8NHT 98 1. Costs incurred from Wovember 1, 1789 through June 30, 1990. For iniormation on expenses submitted prior to November 1, 1969, see chert of “Unreimbursed Bradley Lake Costs As Adopted At the Bradley Project Regent Committee Reeting November 30, 1989." &. Includes financial deta from MNeveaber 1, Includes financial dats from Moverber 1, (Includes financial date from November 1, Inctutes financial dete from November 1, (ncludes financial data from November |, Inctudes finanicat dete from Novesber 1, (nclixtes finencigt date froe Nevesber |, Enclustes financiat dats from Novesher |, 1989 through Mey 51, 1990. MEEDER: June, 1990 deta. 1987 through May 31, 1990. NEEDED: June, 1990 dete. 1989 through Janumry 31, 1990. MERE: 1989 through May 31, 199). June, 1990. 1989 through May 31, 199]. MEEDED: Jue, 1990. 1989 through February, 1990. MEEDED: 1989 through May 31, 1993. 1989 through June 30, 1990. MEEDED: Werch threugh June, 1990. June, 0990. February through Jue, 1990. E@U\epw082R. WO2 ‘oO ebtg Z Cr Aswtowsiy MSNHT 28 eé-ot erst ee RECORD copy PRO 3-ll MIN WOHLFOR Or PETER ARGETSINGER tae ARGETSINGER, JOHNSON & BRECHT Ve ete JULIUS J. BRECHT @ PROFESSIONAL CORPORATION 97/l;9/a0 ROuERNa: Sonne ATTORNEYS aT Law OF Counser THOMAS F. KLINKNER 90 HARRIS, ORR Brant eMEINENE © WEST STH AVENUE, SUITE 600 3210 FIRST INTERSTATE SAMA, JAMES &. SARAFIN AN UAMES|@ s2raGen CHORAGE, ALASKA 9950) SEATTLE, WASHINGTON 98104 KENNETH E. VASSAR ERIC ewontesee TELEPHONE (907) 276-640) OF COUNSEL ROGER G. CONNOR TELECOPY (907) 276-5093 GRuUE sisere VENING & SPiTzFaD 217 SECOND Street) PS YUNEAU, ALASKA 9980) MEMORANDUM (907) 586-8110 TELECOPY (907) 586-8059 TO: Distribution List oe FROM: Eric Wohlforth JUL 11 1990 DATE: July 10, 1990 ALASKA ENERGY AUTHORITY SUBJECT: Alaska Energy Authority Power Revenue Bonds, Second Series (Bradley Lake Hydroelectric Project) Our File No. 3610.2010 Enclosed please find a revised resolution of the Project Management Committee for its meeting of July 17, 1990 showing its determination that the Operating Reserve Account Requirement is $625,000. Ken Vassar and Tom Klinkner of this office will attend the July 17, 1990 meeting, understood to be scheduled at the offices of Chugach Electric Association at 9:00 a.m. Please advise if this is not correct. Also enclosed is a copy of the Supplemental Resolution which should be before the Project Management Committee for approval at that time. If sufficient information is available the document will be completed with bond details, etc. Otherwise, please note that the Resolution delegates this task to the Secretary of the Project Management Committee. EEW/jf A200610 ALASKA ENERGY AUTHORITY Power Revenue Bonds, Second Series (Bradley Lake Hydroelectric Project) Distribution List - July 10, 1990 KA ENERGY AUTHORITY Alaska Energy Authority 4th and Main Streets telecopy P.O. Box A.M. Juneau, Alaska 99811 Robert E. LeResche Executive Director Alaska Energy Authority 701 East Tudor Road telecopy P.O. Box 190869 Anchorage, Alaska 99519-0869 ee Petrie Deputy Executive Director Dave Eberle Project Manager Marcey Rawitscher Finance Manager Department of Law 1031 West 4th Avenue Anchorage, Alaska 99501 telecopy eee Jones, Esq. Assistant Attorney General BOND COUNSEL Wohlforth, Argetsinger, Johnson & Brecht 900 West 5th Avenue telecopy Suite 600 Anchorage, Alaska 99501 Eric E. Wohlforth, Esq. Thomas Klinkner, Esq. Cynthia L. Cartledge, Esq. (907) (907) (907) (907) (907) (907) (907) (907) (907) (907) (907) 465-3575 465-3767 561-7877 561-8584 261-7256 261-7217 261-7262 276-3550 258-6872 276-6401 276-5093 UNDERWRITER John Nuveen & Co. Incorporated 2740 Pacific First Centre 1420 Fifth Avenue Seattle, Washington 98101-2333 im Seagraves Vice President John Nuveen & Co. Incorporated 333 West Wacker Drive Chicago, Illinois 60606 eee Cc. Ferguson Vice President Richard Li Associate UNDERWRITER’S COUNSEL Katten Muchin & Zavis 525 West Monroe Street Suite 1600 Chicago, Illinois 60606-3693 SJ tewis Greenbaum, Esq. FINANCIAL ADVISOR First Southwest Company 1700 Pacific Avenue Suite 500 Dallas, Texas 75201 Milo Michael Johnson Vice President W.G. (Bill) Newman, Jr. Senior Vice President DISTRIBUTION LIST Page 2 telecopy telecopy telecopy telecopy (206) (206) (612) (312) (312) (312) (312) (312) (214) (214) (214) 587-0959 382-1589 917-7700 917-7942 917-7936 902-5200 902-1061 902-5418 953-4025 954-4339 953-4022 A21172CM CONSULTING ENGINEER R.W. Beck and Associates, Inc. 2121 4th Avenue Seattle, Washington 98121 Mr. Win Peterson Y Partner John Heberling Supervising Engineer PROJECT MANAGEMENT COMMITTEE Chugach Electric Association Inc. 5601 Minnesota Drive P.O. Box 196300 Anchorage, Alaska 99519 VM david Highers General Manager Golden Valley Electric Association P.O. Box 1249 758 Illinois Street Fairbanks, Alaska 99707 aa Kelly General Manager Homer Electric Association 3977 Lake Street Homer, Alaska 99603 Kent Wick General Manager Lindsay, Hart, Neil & Weigler 222 S.W. Columbia, Suite 1800 Portland, Oregon 97201-6618 Vv Ron Saxton, Esq. DESIGN ENGINEER Mailing Address: telecopy telecopy telecopy telecopy Stone & Webster Engineering Corporation P.O. Box 5406 Denver, Colorado 80217 DISTRIBUTION LIST Page 3 telecopy (206) (206) (907) (907) (907) (907) (907) (907) (503) (503) (303) (303) 441-7500 441-4962 563-7494 562-0027 a5 2—1 158: 451-5633 235-8551 235-8496 226-1191 226-0079 741-7237 741-7670 A21172CM Overnight Delivery: 5500 South Quebec Street Englewood, Colorado 80111 Theodore Critikos Project Manager CONSTRUCTION MANAGER Bechtel Civil, Inc. (907) 235-6004 1230 Ocean Drive telecopy (907) 235-6564 Homer, Alaska 99603 Harvey Elwin Project Manager CO-MANAGERS Merrill Lynch (213) 683-4671 Public Finance Group telecopy (213) 683-4514 400 South Hope Street Los Angeles, California 90071 al Mr. Anthony H. Fischer Goldman, Sachs & Co. (415) 393-7634 555 California Street telecopy (415) 362-0546 San Francisco, California 94104 Edward B. Burdett Vice President Shearson Lehman Hutton Inc. (206) 344-5888 999 Third Avenue, Suite 4000 telecopy (206) 344-8073 Seattle, Washington 98104 John C. Moore Senior Vice President PaineWebber Incorporated (212) 713-3318 1285 Avenue of the Americas telecopy (212) 713-1303 New York, New York 10019 John Muus First Vice President, Manager - Public Utilities STRIBUTION LIS Page 4 A21172CM RATING AGENCIES AND INSURANCE Moody’s Investors Service (212) 553-0300 99 Church Street telecopy (212) 233-6263 New York, New York 10007 267-1410 A Marcey Edwards Jeane Rodgers Standard & Poor’s Corporation (212) 248-2525 25 Broadway telecopy (212) 248-8388 New York, New York 10004 A Steve Murphy Standard & Poor’s Corporation (415) 445-9628 44 Montgomery Street telecopy (415) 445-9669 Suite 2485 San Francisco, California 94104 af John Costigiola TRUSTEE Security Pacific Bank Washington, N.A. (206) 621-3323 Corporate Trust Division telecopy (206) 621-3489 1301 Fifth Avenue Mail Code T15-1 Seattle, Washington 98101 Diana Woodard Whe Vice President TRUSTEE COUNSEL Security Pacific State Trust Company (213) 345-2807 333 South Grand Avenue, Suite 1700 telecopy (213) 482-3288 HM-324 Los Angeles, California 90071 Dennis Wong V vice President S' B ON _L Page 5 A21172CM TRUSTEE FOR 1985 BONDS Bank of New York Corporate Trust Department 101 Barclay Street 21st Floor New York, New York 10286 Mary Godfrey Corporate Trust Administrator BOND INSURERS Municipal Bond Investors Assurance Corporation 113 King Street Armonk, New York 10504 ~~ Katherine Trott AMBAC Indemnity Corporation One State Street Plaza New York, New York 10004 ea Walsh ISTRIBUTION L Page 6 (212) 815-5090 telecopy (212) 815-5999 (914) 273-4545 (212) 668-0340 telecopy (212) 785-1178 A21172CM DRAET 7/9/90 EEW/jf BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE RESOLUTION NO. 90-__ A RESOLUTION OF THE BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE APPROVING THE SUPPLEMENTAL RESOLUTION OF THE ALASKA ENERGY AUTHORITY TO BE ADOPTED IN CONNECTION WITH THE SALE OF POWER REVENUE BONDS, SECOND SERIES (BRADLEY LAKE HYDROELECTRIC PROJECT), AND DETERMINING THE OPERATING RESERVE ACCOUNT REQUIREMENT. WHEREAS, the members of the Project Management Committee for the Bradley Lake Hydroelectric Project have heretofore entered into a Power Sales Agreement dated as of December 8, 1987, and have approved, pursuant to said Power Sales Agreement, the Power Revenue Bond Resolution and the Supplemental Resolution adopted by the Authority in connection with the Power Revenue Bonds, First Series (Bradley Lake Hydroelectric Project) for the Project; and WHEREAS, it now appears appropriate for the Authority to issue the Second Series of such Bonds in the approximate amount of $60,000,000, to be denominated Power Revenue Bonds, Second Series, for the Project and the terms of the Bonds will be evidenced by a further Supplemental Resolution; and WHEREAS, under Section 11(a)(1) of the Power Sales Agreement the approval of the Committee is necessary to the adoption of the Supplemental Resolution. NOW THEREFORE, BE IT RESOLVED by the Bradley Lake Hydroelectric Project Management Committee that (a) the form of Supplemental Resolution, submitted to this meeting and made part of the records hereof, be and the same hereby is approved, with such changes and additions and completions (including, without limitation, changes therein required by the sale of the Bonds and the final terms thereof), as may be approved by the Secretary in writing prior to the issuance of the Bonds and (b) the Operating Reserve Account Requirement be, and the same hereby is, determined to be $625,000 pursuant to the Power Sales Agreement and the Power Revenue Bond Resolution. YEAS NAYS ABSENT DRAFT 7/9/90 EEW/jf And the resolution was declared adopted this the day of , 1990. BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE By Chairman By Secretary RESOLUTION 90 - Page 2 A21182JF a ——— State of Alaska Steve Cowper, Governor RECORD UOPY - Fi Alaska Energy Authority as A Public Corporation PRO 3- et men 7/17/96 June 1, 1990 Mr. Ken Ritchey Matanuska Electric Association, Inc. P.O. Box 2929 Palmer, AK 99645-2929 Subject: Submittal of Bradley Lake Project and Section 31 Cost for March, April and May, 1990. Dear Mr. Ritchey: Enclosed is the Unreimbursed Bradley Lake Costs form for the months of March, April and May, 1990. Please complete the forms and return the originals to DeAnna Scott of my staff; a copy of the forms should be sent to Ron Saxton. Sincerely, a, -* Brent N. Petrie, Director Agency Operations DS:BNP: jd Enclosure as stated. cc: Ron Saxton, Lindsay, Hart, Neil & Weigler, Portland PO. Box AM Juneau, Alaska 99811 (907) 465-3575 X PO. Box 190869 701 EastTudor Road Anchorage, Alaska 99519-0869 (907) 561-7877 Porward completed chart to: Send coer ror Bon 6a DeAnna Scott 7 i Lindsay) it et. al. 3 3S*Bon t58bes 222 SW columbia, ste. 1800 Portland, OR 97201 Anchorage, AK 99519-0869 ‘ UNREIMBURSED BRADLEY LAKE COSTS March, 1990 UTILITY ; MONTH RETURN NO LATER THAN PROJECT COSTS CATEGORY TOTAL AMOUNT ia 1990 FINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings asscciated with the second financing. ha 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committees attorney Saxton will provide relating to the second financing to ABA etfort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by ABA aS 1990 TCC EXPENSES Travel and mesting expenses associated with your utility’s participation on the Technical Coordinating Committee. | Do not include amounts for staff tine. | SECTION 31 COSTS BPMC ORGANIZATION (a) BPuC-approved costs for conducting Committee mestings and general business. PREPARED BY APPROVED BY Forward completed chart fend o wr foo sa DeAnna Scott Linds: i a: rt et. al. Alaska Energy egutnority 222 SW Columbia, Ste. 1800 0. Portland, OR 97201 Anchorage, AK 99519-0869 UNREIMBURSED BRADLEY LAKE COSTS UTILITY : MONTH April, 1990 RETURN NO LATER THAN PROJECT COSTS CATEGORY TOTAL AMOUNT al 1990 FINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. fe 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ABA etfort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by aAzA ————$—— aS 1990 TCC EXPENSES Travel and meeting expenses associated with your utility’s participetica on the Technical Coordinating Committee. Do not include amounts for staff tine. SECTION 31 COSTS BPMC ORGANIZATION (a) SPMC-approved costs for conducting Committee mestings and general business. (>) «Legal expenses for representatica Saextoe will provide of Committee. to aARA PREPARED BY APPROVED BY Porward completec chart t Send co ae fon Sax DeAnna Scott i Lindsay, Mart et. al- fi. 222 SW Columbia, ste. 1800 Ach Portland, Om 97201 Anchorage, AK 99519-0869 UNREIMBURSED BRADLEY LAKE COSTS UTILITY : MONTH May, 1990 RETURN NO LATER THAN SC PROJECT COSTS — TOTAL AMOUNT = Al 1990 PINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the g@econd financing. 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ARA etfort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by ~ARA aAS 1990 TCC EXPENSES Travel and meeting expenses associated with your utility’s participatioa on the Technical Coordinating Committee. Do not include amounts for staff time. SECTION 31 COSTS BPMC ORGANIZATION (a) SP8C-epproved costs for coadecting Committee mestings and general business. State of Alaska Steve Cowper, Governor Alaska Energy Authority A Public Corporation June 1, 1990 Mr. Everett Paul Diener City of Seward P.O. Box 167 Seward, Alaska 99664 Subject: Submittal of Bradley Lake Project and Section 31 Cost for March, April and May, 1990. Dear Mr. Diener: Enclosed is the Unreimbursed Bradley Lake Costs form for the months of March, April and May, 1990. Please complete the forms and return the originals to DeAnna Scott of my staff; a copy of the forms should be sent to Ron Saxton. Sines Ltt, da Brent N. Petrie, Director Agency Operations DS:BNP: jd Enclosure as stated. cc: Ron Saxton, Lindsay, Hart, Neil & Weigler, Portland PO. Box AM Juneau, Alaska 99814 (907) 465-3575 JR PO. Box 190869 701 East Tudor Road Anchorage, Alaska 99519-0869 (907) 561-7877 Porward completed chart °~: Send om -or Boo Sai DeAnna Scott ; Lindsay; wt et. al. Alaska Energy Authority 222 SW Columbia, ste. 1800 .0, Box Portland, oR 97201 Anchorage, AK 99519-0869 UNREIMBURSED BRADLEY LAKE COSTS UTILITY : MONTH March, 1990 RETURN NO LATER THAN PROJECT COSTS SAREAET TOTAL AMOUNT al 1990 FINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. a2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ARA effort. a a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. TCC EXPENSES Travel and meeting expenses associated with your utility’s participation on the Technical Coordinating Committee. Do not include amounts for staff time. SECTION 31 COSTS |B2 BPMC ORGANIZATION (a) S2C-epproved costs for conducting Committee mectings and genera] business. (3) «= Legal expenses for representatica Sextoa will provide of Committee. to ABA PREPARED BY APPROVED BY Porward completed chart send tor aca DeAnna Scott Sad Lindsa’ et. al. plete Energy guthority 222 SW Columbia, ste. 1800 +0. Box Portland, OR 97201 Anchorage, AK 99519-0869 UNREIMBURSED BRADLEY LAKE COSTS UTILITY : MONTH _ April, 1990 RETURN NO LATER THAN SCS PROJECT COSTS CATEGORY TOTAL AMOUNT Al 1990 PINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. a2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ABA etfort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by aARkA aS 1990 TCC EXPENSES Travel and mesting expenses asscciated with your utility’s participetica on the Technical Coordinating Committee. Do not include amounts for staff time. SECTION 31 COSTS BPMC ORGANIZATION (a) BPMC-approved costs fer conducting Committee mestings and general business. PREPARED BY APPROVED BY Pocward completed chart | Send co oe DeAnna Scott . risdsees Mart et. al Alaska energy Auenonity 222 SW Columbia, Ste. 1800 +0. Box Portland, om 97201 Anchorage, AK 99519-0869 UNREIMBURSED BRADLEY LAKE COSTS UTILITY : MONTH May, 1990 RETURN NO LATER THAN PROJECT COSTS aaa Al 1990 FINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. ooo, A2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ARA effort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by AEA ee aS 1990 TCC EXPENSES Travel and meeting expenses associated with your utility’s participatioca on the Technical Coordinating Committee. Do not include amounts for staff tine. SECTION 31 COSTS BPMC ORGANIZATION (a) BPMC-epproved costs for conducting Committee meetings and general business. PREPARED BY APPROVED BY State of Alaska Steve Cowper, Governor Alaska Energy Authority A Public Corporation June 1, 1990 Mr. Thomas R. Stahr Municipal Light and Power 1200 East lst Avenue Anchorage, Alaska 99501-1685 Subject: Submittal of Bradley Lake Project and Section 31 Cost for March, April and May, 1990. Dear Mr. Stahr: Enclosed is the Unreimbursed Bradley Lake Costs form for the months of March, April and May, 1990. Please complete the forms and return the originals to DeAnna Scott of my staff; a copy of the forms should be sent to Ron Saxton. eau Brent N. Petrie, Director Agency Operations DS: BNP: jd Enclosure as stated. cc: Ron Saxten, Lindsay, Hart, Neil & Weigler, Portland PO. Box AM Juneau, Alaska 99811 (907) 465-3575 X& PO. Box 190869 701 East Tudor Road Anchorage, Alaska 99519-0869 (907) 561-7877 Porward completed chart °~* fend ——- ror DeAnna Scott os Authori art et. al. ise 222 SW Columbia, Ste. 1800 +O. Portland, om 97201 Anchorage, AK 99519-0869 UNREIMBURSED BRADLEY LAKE COSTS UTILITY : MONTH March, 1990 RETURN NO LATER THAN PROJECT COSTS CATEGORY TOTAL AMOUNT Al 1990 PINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. a2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ARA effort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by aARA aS 1990 TCC EXPENSES Travel and meeting expenses asecciated with your utility’s participatioa on the Technical Coordinating Committee. Se not include amounts for staff tine. SECTION 31 COSTS BPMC ORGANIZATION (a) BPuC-approved costs for conducting Committee meetings and general business. (2) Legel expenses for representaticoa Saztoa will provide of Committee. to ABA PREPARED BY APPROVED BY Forward completec chart to: Send comY to: Boo Sai DeAnna Scott ae Lindsay srt et. al. Alaska Energy gutnor ty 222 SW wwsumbia, Sta. 1800 Portland Anchorage, AK 99519-0869 « C@ 97201 UNREIMBURSED BRADLEY LAKE COSTS UTILITY : MONTH April, 1990 RETURN NO LATER THAN PROJECT COSTS CATEGORY TOTAL AMOUNT Al 1990 FINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings asecciated with the second financing. a2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ABA effort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by AzA aS 1990 TCC EXPENSES Travel and meeting expenses associated with your utility’s participatica on the Technical Coordinating Committee. Do not include amounts for staff time. SECTION 31 COSTS BPMC ORGANIZATION (a) BPMC-epproved costs for conducting Committee mestings and general business. PREPARED BY APPROVED BY — Forward completec chart Send c tor Boo Sa____ DeAnna Scott i Lindsay, Bart et. al. Aras ener iegueee 222 SW Columbia, Ste. 1800 Portland, Om 97201 Anchorage, AK 99519-0869 ‘ UNREIMBURSED BRADLEY LAKE COSTS UTILITY MONTH May, 1990 RETURN NO LATER THAN SCS PROJECT COSTS fama SSS Al 1990 FINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. A2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxtoo will provide relating to the second financing to AEA effort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested | effort to be determined later. by ABA aS 1990 TCC EXPENSES Travel and meeting expenses associated with your utility’s participation on the Technical Coordinating Committee. Do not include amounts for staff time. SECTION 31 COSTS BPMC ORGANIZATION (a) BPNC-approved costs for conducting Committee meetings and general business. PREPARED BY APPROVED BY State of Alaska N Steve Cowper, Governor Alaska Energy Authority A Public Corporation June 1, 1990 Mr. David L. Highers Chugach Electric Association, Inc. P.O. Box 196300 Anchorage, Alaska 99519-6300 Subject: Submittal of Bradley Lake Project and Section 31 Cost for March, April and May, 1990. Dear Mr. Highers: Enclosed is the Unreimbursed Bradley Lake Costs form for the months of March, April and May, 1990. Please complete the forms and return the originals to DeAnna Scott of my staff; a copy of the forms should be sent to Ron Saxton. Sincerely, DD ho LA 9 Brent N. Petrie, Director Agency Operations DS:BNP:jd Enclosure as stated. cc: Ron Saxton, Lindsay, Hart, Neil & Weigler, Portland PO. Box AM Juneau, Alaska 99811 (907) 465-3575 X PO. Box 190869 7041 EastTudor Road Anchorage, Alaska 99519-0869 (907) 561-7877 Forward completed chart to: Send coew tor fon sal DeAnna Scott L : Lindse; wt et. al. Alaska Energy gutnority 222 SW Wosumbia, Ste. 1800 Po: ° Anchorage, AK 99519-0869 xtland, OR 97201 UNREIMBURSED BRADLEY LAKE COSTS UTILITY : MONTH March, 1990 RETURN NO LATER THAN PROJECT COSTS CATEGORY TOTAL AMOUNT Al 1990 FINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings esscciated with the second financing. a2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ARA etfort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by ARA aS 1990 TCC EXPENSES Travel and meeting expenses asecciated with your utility’s participatioa on the Technical Coordinating Committee. Do not include amounts for staff time. SECTION 31 COSTS BPMC ORGANIZATION (a) BPMC-approved costs for conducting Committee asetings and general business. PREPARED BY APPROVED BY Forward completed chart ~ Send ¢ tor t Ron 84 DeAnna Scott Linds« art et. al. Alaska Energy Authority 222 $W Columbia, ste. 1800 P.O. Box 190869 Portl. 7201 Anchorage, AK 99519-0869 and, OR 972 UNREIMBURSED BRADLEY LAKE COSTS UTILITY MONTH _ April, 1990 RETURN NO LATER THAN SSCS PROJECT COSTS CATEGORY TOTAL AMOUNT al 1990 PINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings esscciated with the second financing. a2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ABA effort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by aARA aS 1990 TCC EXPENSES Travel and meeting expenses associated with your utility’s participatice on the Technical Coordinating Committee. Do not include amounts for staff tine. SECTION 31 COSTS BPMC ORGANIZATION (a) BPuC-aepproved costs for conducting Committee mestings and general business. PREPARED BY APPROVED BY — Forward completed chart Send « tor Roo & 1 DeAnna Scott = Lindsey, wart et. al. Alaska Cea gem ey 222 Sw Columbia, Ste. 1800 P.0. Box Portland, Om 97201 Anchorage, AK 99519-0869 UNREIMBURSED BRADLEY LAKE COSTS UTILITY : MONTH May, 1990 RETURN NO LATER THAN PROJECT COSTS CATEGORY TOTAL AMOUNT Al 1990 FINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. A2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to AERA effort. a3 1990 OPINIONS OF COUNSEL Bocope of work on 1990 second financing Bone until requested effort to be determined later. by aga aS 1990 TCC EXPENSES Travel and meeting expenses associated with your utility’s participatioa on the Technical Coordinating Committee. Do not include amounts for staff time. SECTION 31 COSTS B2 BPMC ORGANIZATION (a) BPMC-approved costs for conducting Committee meetings and general business. State of Alaska DN Steve Cowper, Governor Alaska Energy Authority A Public Corporation June 1, 1990 Mr. B. Kent Wick Homer Electric Association, Inc. 3977 Lake Street Homer, Alaska 99603 Subject: Submittal of Bradley Lake Project and Section 31 Cost for March, April and May, 1990. Dear Mr. Wick: Enclosed is the Unreimbursed Bradley Lake Costs form for the months of March, April and May, 1990. Please complete the forms and return the originals to DeAnna Scott of my staff; a copy of the forms should be sent to Ron Saxton. ail ae Brent N. Petrie, Director Agency Operations DS:BNP:jd Enclosure as stated. cc: Ron Saxton, Lindsay, Hart, Neil & Weigler, Portland PO. Box AM Juneau, Alaska 99811 (907) 465-3575 ® PO. Box 190869 704 East Tudor Road Anchorage, Alaska 99519-0869 (907) 561-7877 Porward compietec coart to: Send copw ro: Boo Sa DeAnna Scott F Lindsay xt et. al. Paegon todkeo 222 $¥ woiumbia, ste. 1800 Portland Anchorage, AK 99519-0869 + O@ 97201 UNREIMBURSED BRADLEY LAKE COSTS UTILITY ; MONTH March, 1990 RETURN NO LATER THAN PROJECT COSTS CATEGORY TOTAL AMOUNT See See ce Tannen Al 1990 FPINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. a2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ARA etfort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by aARA TCC EXPENSES Travel and meeting expenses associated with your utility’s participatioca on the Technical Coordinating Committee. Do not include amounts for staff tine. SECTION 31 COSTS BPMC ORGANIZATION (a) BPiC-approved costs for conducting Committee meetings and general business. PREPARED BY APPROVED BY Porward completed chart send = wr (r DeAnna Scott eS } ity Lindsey; _ rt et. al. | Alaska: tneray gutner ty 222 Sw Columbia, Ste. 1800 Portland, O8 97201 Anchorage, AK 99519-0869 ' 2 UNREIMBURSED BRADLEY LAKE COSTS UTILITY MONTH _ April, 1990 RETURN NO LATER THAN SC PROJECT COSTS CATEGORY TOTAL AMOUNT al 1990 FINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. a2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ABA effort. a3 1990 OPINIONS OF COUNSEL Boope of work on 1990 second financing Bone until requested effort to be determined later. by AERA aS 1990 TCC EXPENSES Travel and meeting expenses associated with your utility’s participatica on the Technical Coordinating Committee. Do not include amounts for staff tine. SECTION 31 COSTS BPMC ORGANIZATION (a) BPNC-approved costs for conducting Committee meetings and general business. PREPARED BY APPROVED BY Porward completec chart Send a tor won Sa: DeAnna Scott ; Lindsay, Sart et. al. Alas Enea EON ee. 222 Sw Columbia, Ste. 1800 20. Ox Portland, om 97201 Anchorage, AK 99519-0869 UNREIMBURSED BRADLEY LAKE COSTS UTILITY ‘ MONTH May, 1990 RETURN NO LATER THAN PROJECT COSTS CATEGORY TOTAL AMOUNT Al 1990 PINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. a2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to AREA effort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by aga fp aS 1990 TCC EXPENSES Travel and meeting expenses associated with your utility’s participation on the Technical Coordinating Committee. Do not include amounts for staff time. SECTION 31 COSTS BPMC ORGANIZATION (a) BPNC-approved costs for conducting Committee meetings and general business. State of Alaska Steve Cowper, Governor Alaska Energy Authority A Public Corporation June 1, 1990 Mr. Michael P. Kelly Golden Valley Electric Association P.O. Box 1249 Fairbanks, Alaska 99707 Subject: Submittal of Bradley Lake Project and Section 31 Cost for March, April and May, 1990. Dear Mr. Kelly: Enclosed is the Unreimbursed Bradley Lake Costs form for the months of March, April and May, 1990. Please complete the forms and return the originals to DeAnna Scott of my staff; a copy of the forms should be sent to Ron Saxton. Sincerely, Brent N. Petrie, Director Agency Operations DS: BNP: jd Enclosure as stated. cc: Ron Saxton, Lindsay, Hart, Neil & Weigler, Portland PO. Box AM Juneau, Alaska 99811 (907) 465-3575 W PO. Box 190869 704 EastTudor Road Anchorage, Alaska 99519-0869 (907) 561-7877 Pocward completec chart to: Send come “5: foo fa) DeAnna Scott i Lindsa’ it et. al. E Alaska Enecgscon 222 SW columbia, ste. 1800 Portland Anchorage, AK 99519-0869 «¢ O@ 97201 UNREIMBURSED BRADLEY LAKE COSTS UTILITY . MONTH March, 1990 RETURN NO LATER THAN PROJECT COSTS footie tari dy) Firth Ta) oP eee cee CATEGORY TOTAL AMOUNT Al 1990 FINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. A2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ARA effort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by aAzA a i tN aS 1990 TCC EXPENSES Travel and meeting expenses associated with your utility’s participatioca on the Technical Coordinating Committee. Do not include amounts for staff tine. SECTION 31 COSTS BPMC ORGANIZATION (a) BPMC-epproved costs for conducting Committee meetings and general business. (b) Legal expenses for representatica Saxtoa will provide of Committee. to ARA PREPARED BY APPROVED BY Forward completed chart ~~ Send c wr Boo Sa DeAnna Scott Alaska Energy Authority ee alone et ees i P.0. Box 190869 umbia, 7 Portland, OR 97201 Anchorage, AK 99519-0869 7 UNREIMBURSED BRADLEY LAKE COSTS UTILITY MONTH _ April, 1990 RETURN NO LATER THAN SSC PROJECT COSTS CATEGORY TOTAL AMOUNT al 1990 FINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. A2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ABA effort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by ARA aS 1990 TCC EXPENSES Travel and mesting expenses associated with your utility’s participatioa on the Technical Coordinating Committee. Do not include amounts for staff tine. SECTION 31 COSTS BPMC ORGANIZATION (a) BPuC-epproved costs for conducting Committee mestings and general business. (2) Legal expenses for representatica Sexztoe will provide of Committee. to AERA PREPARED BY APPROVED BY Forward completed chart Send « tor DeAnna Scott Roo 8 i Lindsay, Mart et. al. pa. e re S a Neo eRaeie 222 SW Columbia, Ste. 1800 oa bea Portland, om 97201 Anchorage, AK 99519-0869 UNREIMBURSED BRADLEY LAKE COSTS UTILITY . MONTH May, 1990 RETURN NO LATER THAN PROJECT COSTS —— TOTAL AMOUNT Al 1990 FINANCE TEAM PARTICIPATION All travel-related expenses for members of the Finance Team for trips and meetings associated with the second financing. A2 1990 LEGAL EXPENSES FOR FINANCING EFFORTS Legal fees of the Committee attorney Saxton will provide relating to the second financing to ABA effort. a3 1990 OPINIONS OF COUNSEL Scope of work on 1990 second financing Bone until requested effort to be determined later. by ABA aS 1990 TCC EXPENSES Travel and meeting expenses associated with your utility’s participatioca on the Technical Coordinating Committee. | Do not include amounts for staff time. SECTION 31 COSTS BPMC ORGANIZATION (a) BPMC-epproved costs for conducting Committee mectings and general business. PREPARED BY APPROVED BY os an