RE 2013-0611.3
RESOLUTION NO. 2013-0611.3
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COPPELL, TEXAS, APPROVING THE TERMS AND
CONDITIONS OF A SETTLEMENT AGREEMENT BY AND
BETWEEN LUMINANT GENERATION COMPANY LLC AND
THE CITY OF COPPELL; APPROVING THE TERMS AND
CONDITIONS OF A RELEASE OF MEMORANDUM OF LEASE
BY AND BETWEEN COPPELL LAND, LLC, CYPRESS WATERS
LAND B, LTD, CYPRESS WATERS LAND C, LTD, THE CITY OF
COPPELL AND LUMINANT GENERATION COMPANY LLC;
APPROVING THE TERMS AND CONDITIONS OF A RELEASE
OF MEMORANDUM OF ENVIRONMENTAL REMEDIATION
AGREEMENT BY AND BETWEEN CBIC COPPELL LAND, LLC,
CYPRESS WATERS LAND B, LTD, CYPRESS WATERS LAND C,
LTD, THE CITY OF COPPELL AND LUMINANT GENERATION
COMPANY LLC; AUTHORIZING THE CITY MANAGER TO
SIGN, WHICH ARE ATTACHED HERETO AS EXHIBIT 1, 2 AND
3, RESPECTIVELY; REPEALING ALL RESOLUTIONS IN
CONFLICT; PROVIDING A SEVERABILITY CLAUSE; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS,
the City has entered into a Settlement Agreement by and between
Luminant Generation Company LLC; and
WHEREAS,
the City has entered into a Release of memorandum of Lease and a Release
of memorandum of Environmental Remediation Agreement by and between Coppell Land, LLC,
Cypress Waters Land B, LTD, Cypress Waters Land C, LTD and Luminant Generation
Company LLC; and
WHEREAS,
the City Council find it is in the best interest of the City of Coppell and its
citizens to approve said agreement(s).
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COPPELL, TEXAS THAT:
SECTION 1.
The City Council hereby approves the terms and conditions of Settlement
Agreement by and between the City of Coppell and Luminant Generation Company, LLC. and
hereby authorizes the City Manager to execute said agreement, as provided in Exhibit 1 which is
attached hereto and incorporated herein by reference.
SECTION 2.
The City Council hereby approves the terms and conditions of a Release of
Memorandum of Lease and Release of Memorandum of Environmental Remediation Agreement
by and between the Coppell Land, LLC, Cypress Waters Land B, LTD, Cypress Waters Land C,
LTD and Luminant Generation Company LLC. and hereby authorizes the City Manager to
execute said releases, as provided in Exhibit 2 and 3, which are attached hereto and incorporated
herein by reference.
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Exhibit 1
Settlement Agreement
TM 60776
Exhibit 2
Release of Memorandum of Lease
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Exhibit 3
Release of Memorandum of Environmental Remediation Agreement
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