HomeMy WebLinkAboutPR 14531: ENTERGY SETTLEMENT AGREEMENTP. R. No. 14531
01/25/08 is
RESOLUTION NO.
A RESOLUTION AS IT PERTAINS TO ENTERING INTO A
SETTLEMENT AGREEMENT AS IT PERTAINS TO ENTERGY
WHEREAS, the City has pending litigation as it pertains to
'Entergy; and
WHEREAS, it is deemed in the best interests of the citizens
to approve the"Settlement Agreement that has been negotiated with
Entergy, in substantially the same form as attached hereto as
Exhibit "A".
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF PORT ARTHUR, TEXAS:
Section 1. That the facts and opinions in the preamble are
true and correct.
Section 2. That the City Manager and/or the City's"
litigation attorneys are herein authorized to sign_a Settlement
Agreement as it pertains to the litigation between Entergy and
• ,
the City of Port Arthur, in substantially the same form as
attached hereto as Exhibit "A".
Section 3. That a copy of the caption of this Resolution be
spread upon the Minutes of the City Council.
READ, ADOPTED AND APPROVED on this" day of
A.D., 20.08, at a Meeting of-the City Council of
the City of Port Arthur, Texas, by the following vote: AYES:
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NOES:
MAYOR
ATTEST:
CITY .SECRETARY
APPROVED AS TO FORM:
SEE CONFIDENTIAL MEMO
CITY ATTORNEY
APPROVED FOR ADMINISTRATION:
CITY MANAGER
APPROVED AS TO THE AVAILABILITY OF FIINDS:
DIRECTOR OF FINANCE
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EXHIBIT "A"
to be presented at the Council Meeting