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MEMORANDUM
TO: Mayor, City Council, City Manager
From: Mark T. Sokolow, City Attorney
Date: December 11, 2002
Subject: P. R. No. 12030; Council Meeting of December 17, 2002
Attached is P. R. No. 12030 approving an assignment of
the oil and gas lease dated October 30, 2001.
MTS/ts
Attachment
P. R. No. 12030
12/11/02 ts
RESOLUTION NO.
A RESOLUTION APPROVINO AN ASSIGNMENT OF THE
OIL AND GAS LEASE DATED OCTOBER 30, 2001
WHEREAS, the City approved a lease with Aspect
Resources, LLC per Resolution No. 01-311, said lease
being dated October 30, 2001; and
WHEREAS, Aspect Resources, LLC,
gas lease dated October 30, 2001 to any or all of the following:
Aspect Energy LLC
511 16th Street, Suite 300
Denver, CO 80202
Cimerex Energy Company
1437 S. Boulder, Suite 1300
Tulsa, OK 74119
desires to assign the oil and
250
Samedan Oil Corporation
12600 Northborough, Suite
Houston, TX 77067
Louisiana Gas Development Corporation
416 Travis Street, Suite 200
Shreveport, LA 71101
NOW THEREFORE,
OF PORT ARTHUR:
Section 1.
true and correct.
Section 2.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
That the facts and opinions in the preamble are
That the assignments are herein
subject to Aspect Resources, LLC remaining responsible under
terms of the lease as per Section 18 thereof, which includes,
approved,
the
but
is not limited to, making the lease payments to the City of Port
Arthur.
Section 3. That the City staff shall also use its best
efforts to maintain the confidentiality of proprietary gas
formation information that is provided to them upon written
request.
z ~12030
That a copy of the written assignments shall be
LLC to the City Secretary and to the
Section 4.
given by Aspect Resources,
Director of Public Works.
Section 5. That a copy of this Resolution be spread upon
the minutes of the Council Meeting.
READ, ADOPTED AND APPROVED on this day of
2002, at a Regular Meeting of the City Council of the City of
Arthur, Texas, by the following vote: AYES:
, City Council ,
Port
Mayor
NOES:
OSCAR ORTIZ, MAYOR
ATTEST:
EVANGELINE GREEN, CITY SECRETARY
APPROVED AS TO FORM:
MARK T. SOKOLOW, CITY ATTORIqEY
APPROVED FOR ADMINISTRATION:
STEVE FITZGIBBONS, CITY MANAGER