2014-069sAlegal \our documents \ordinances \14 \standstill 2nd amended ordinance.doc
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AN ORDINANCE OF THE CITY OF DENTON, TEXAS AMENDING ORDINANCE NOS.
2013 -330 AND 2014 -040 TO EXTEND A "STANDSTILL AGREEMENT" BETWEEN THE
CITY OF DENTON, TEXAS AND EAGLERIDGE OPERATING, LLC UNTIL MIDNIGHT
ON MAY 6, 2014 WITH REGARD TO CERTAIN DISPUTES AND ISSUES OVER GAS
DRILLING IN THE CITY TO ALLOW THE PARTIES AN OPPORTUNITY TO ENGAGE IN
GLOBAL SETTLEMENT NEGOTIATIONS AS IT CONCERNS UNRESOLVED ISSUES
BETWEEN THEM; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City enacted a "Standstill Agreement" between the City and EagleRidge
Operating, LLC until midnight on January 31, 2014 pursuant to Ordinance No. 2013 -330 to
address certain disputes which have arisen between the City of Denton and EagleRidge
Operating LLC as it concerns gas drilling in the corporate limits of the City; and
WHEREAS, the City extended the "Standstill Agreement" pursuant to Ordinance No.
2014 -040 on February 4, 2014, retroactive to 11:59 p.m., January 31, 2014; and
WHEREAS, the parties deem it in their respective best interests to extend said
Agreement to continue to attempt to negotiate the disputes between them; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The preambles above are incorporated in this Ordinance as though set forth
in full.
SECTION 2. The City Council of the City of Denton hereby amends Ordinance Nos.
2013 -330 and 2014 -040 to extend the "Standstill Agreement" to midnight on May 6, 2014 and
authorizes the City Manager to execute the extension to the "Standstill Agreement" attached
hereto as Exhibit "A."
SECTION 3. This Ordinance is effective immediately.
PASSED AND APPROVED this the day of JM �" '2014.
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
r\ f4
BY
sAlegahour documents\ordinances\14\standstilI 2nd amended ordinance.doc
APPROVED AS TO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY:
Page 1
s:\Iegal\our documents\ordinances\14\standstilI 2nd amended ordinance.doc
Exhibit A
Extension to Standstill Agreement
The Standstill Agreement between the City of Denton and EagleRidge Operating LLC,
signed on November 22, 2013 and approved by Ordinance No. 2013-330, and extended by
Ordinance No. 2014-040, is hereby amended to extend the standstill period to midnight, May 6,
2014.
Agreed to this the __ day - of e� 2014, bofficers
y the undersigned o
acting on behalf of their respective legal entities.
EAGLERIDGE OPERATING, LLC,
as Operator and on behalf of EAGLERIDGE
ENERGY, LLC
By:
Mark L. Grawe, Chief Operating Officer
and Executive Vice President,
EagleRidge Operating, LLC
THE STATE OF TEXAS §
COUNTY OF DENTON §
This instrument was acknowledged before nic on the _
�7:� day of
2014, by
Mark L. Grawe, as Chief Operating Officer and Executive Vice President, EagleRidge
Operating, LLC, as Operator and on behalf of EagleRidge Energy, LLC.
4
LINDA HOLLEY Nof rylfoublic, State of Texas
My COMMISSION EXPIRES
Doamber 8,2017
awalRaWSW I
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sAlegal \our documents \ordinances \14 \standstill 2nd amended ordinance.doc
THE CITY OF DENTON, TEXAS
n
By:
George C. Campbell, Cify Manager
THE STATE OF TEXAS
COUNTY OF DENTON
This instrument was acknowledged before me on the duly of pul 2014, by
George C. Campbell as City Manager on behalf of the City of Denton, Texas, pursuant to
delegated authority specifically conferred by Ordinalice No. 2014- of the City of Denton,
Texas.
k" N U a E Q K WA`s '
§ V)p�S was
19, 2014
APPROVED AS TO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
By: t �t
Page 3
r�
4; LL,
Nt l -y l °bic, State of Texas