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Home My WebLink About14203 ORD - 03/01/1978ya:2- 24 -78; 1st • RESOLUTION APPROVING THE AGREEMENT OF PARTIES DATED AS OF DECEMBER 26, 1977, AND SUPPORTING DOCUMENTS AND EXHIBITS FOR SETTLEMENT OF LITIGATION WITH COASTAL STATES GAS CORPORATION AND ITS SUBSIDIARIES AND STOCKHOLDERS BY THE CITY OF CORPUS CHRISTI AND OTHER CUSTOMERS OF LO -VACA GATHERING COMPANY AS THE BASIS FOR SUCH SETTLEMENT; AND DECLARING AN EMERGENCY. WHEREAS, the Council has had before it for consideration for over one year the certain Plan of Settlement and Reorganization with Coastal States Gas Corporation dated January 24, 1977; and WHEREAS, the City Council on July 6, 1977, passed its resolu- tion authorizing and directing the City Manager to work with other Interested customers of Lo -Vaca in the general implementation and con - sumation of the Plan of January 24, 1977, including preparation and execution of all documents ancillary to said Settlement Plan as being in the best interest of the City of Corpus Christi and its gas rate payers as well as in the public interest of the citizens of Corpus Christi; and WHEREAS, said documents have now been prepared and filed with the Council and are in keeping with the benefits and provisions of the Settlement of January 24, 1977; and WHEREAS, due notice of this meeting having been given, and after this matter has been considered at various meetings of the Council for over eighteen months: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That the agreement of parties containing the final closing papers dated as of December 26, 1977, is in the best interest of the City of Corpus Christi and its gas rate payers and in the public interest of the citizens of Corpus Christi, generally, and is hereby approved.: MICROFILMED JUL 0 7 1980 1420-3 0 SECTION 2. That the City Manager is hereby authorized and directed to execute the agreement of the parties dated as of December 26, 1977, and to carry out said agreement and if necessary implementation activities for a final closing of said agreement, including dismissal of litigation pending in this matter in the Courts of Harris, Travis, and Nueces Counties, on sufficient approval being given by State and Federal Regulatory agencies and a sufficient number of customers as set out in Agreement of December 26, 1977. SECTION 3. The necessity to preserve public property, to insure stable gas supply at reasonable rates and to conclude extensive and costly litigation creates a public emergency and an imperative public necessity requiring the suspension of the Charter rule that no ordinance or resolution shall be passed finally on the date of its introduction but that such ordinance or resolution shall be read at three several meetings of the City Council, and the Mayor having declared such emergency and necessity to exist, and having requested the suspension of the Charter rule and that this resolution be passed finally on the date of its introduction and take effect and be in full force and effect •rroma�nd after its passage, IT IS ACCORDINGLY SO RESOLVED, this the / day of / /�Q�(,�✓ 1978. ATTEST: Git$-5ecretfiry MAYOR THE CHRISTI, TEXAS APPROVED: 2-_DAY OF ,c �--1 9 78 J. BRUCE AY.C-OCK, CITY ATTORNEY BY / / ✓LJ sis ty ttorney Corpus ChristiZ:�v _day of , 19ZL TO THE MEMBERS OF THE CITY COUNCIL Corpus Christi, Texas For the reasons set forth in the emergency clause of the foregoing ordinance, a public emergency and imperative necessity exist for the suspension of the Charter rule or requirement that no ordinance or resolution shall be passed finally on the date it is introduced, and that such ordinance or resolution shall be read at three meetings of the City Council; I, therefore, request that you suspend said Charter rule or requirement and pass this ordinance finally on the date it is introduced, or at the present meeting of the City Council. Respectfully, MAYOR THE Cd OF CHRISTI, TEXAS The Charter Rule was suspended by the following vote: Gabe Lozano, Sr. Bob Gulley David Diaz Ruth Gill Joe Holt Tony Juarez, Jr. Edward L. Sample The above ordinance was passed Gabe Lozano, Sr. Bob Gulley David Diaz Ruth Gill Joe Holt Tony Juarez, Jr. Edward L. Sample X4203 to :