2016-194ORDINANCE NO. 2016-194
AN ORDINANCE AUTHORIZING THE CITY MANAGER TO APPROVE A
COMPROMISE SETTLEMENT AGREEMENT, AND SUCH OTHER DOCUMENTS
RECOMMENDED BY THE CITY'S ATTORNEYS AS NECESSARY OR APPROPRIATE
TO EFFECTUATE SUCH TERMS OF SETTLEMENT OF LITIGATION STYLED THE CITY
OF DENTON, TEXAS V, NRG POWER MARKETING, LLC, ET AL, CAUSE NO. 15-01404-16,
CURRENTLY PENDING IN THE 16TH JUDICIAL DISTRICT COURT 1N AND FOR
DENTON COUNTY, TEXAS; AUTHORIZING THE RECEIPT AND EXPENDITURE OF
BUDGETED FUNDS THEREFOR; AND DECLARING AN EFFECTIVE DATE.
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The City Council hereby approves the proposed settlement of litigation
styled, The City of Denton, Texas v. NRG Power Marketing, LLC, et al, Cause No. 15-01404-16,
currently pending in the 16th Judicial District Court in and for Denton County, Texas, in
substantially the form of the Settlement Agreement attached hereto and incorporated herein.
SECTION 2. The City Manager, or his designee, and the City's Attorneys are hereby
authorized to act on the City's behalf in approving and executing any and all documents
necessary or appropriate to effectuate the terms of the settlement, including the receipt and
expenditure of budgeted funds, and to take other actions necessary to finalize the settlement.
SECTION 3. This ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this tl�c�°°���"'�",, day of �� ��°�"�°���.�� 2016,
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ATTEST:
JENNIFER WALTERS, CITY SECRETARY
:
��J'1'' }VED ��� TO LEGAL FORM:
,��I" 'A BURGESS, CITY ATTORNEY
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