HomeMy WebLinkAbout(1) PR 14531: ENTERGY SETTLEMENT AGREEMENTP. R. No. 14531
02/07/08 gt
RESOLIITION N0.
A RESOLIITION 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 "P:" .
NOW THEREFORE, BE IT RESOLVED BY THE CITY COIINCIL OF THE CITY
OF PORT ARTHIIR, 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., 2008, at a Meeting of the City Council of
the City of Port Arthur, Texas, by the following vote: AYES:
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Mayor '
Councilmembers '
NOES:
MAYOR
ATTEST:
CITY SECRETARY
APPROVED AS TO FORM:
See Confidential memo
CITY ATTORNEY
APPROVED FOR ADMINISTRATION:
CITY MANAGER
F
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to
EXHIBIT
be presented at the
.. ps..
Council Meeting