1995-123-RES WHEREAS, CITY COUNCIL DID ON JULY 10, 1995 PASS, APPROVE AND ADOPT ORDINANCE

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<. .' . . RESOLUTION NO. 95-123 WHEREAS, the City Council of the City of Paris did on July 10, 1995, pass, approve and adopt Ordinance No. 95-026, for settlement of City of Port Arthur V. Southwestern Bell. Cause No. D142176; and, WHEREAS, the City of Paris has received from Southwestern Bell its allocated portion of the Class Funds in this litigation in the amount of $242,635.80 plus $58,934.61 franchise fee and interest earned; and, WHEREAS, as a part of the Stipulation of Settlement the City of Paris has a choice of options for discount Certificates for eligible goods and services; and, WHEREAS, upon staff recommendation, it is deemed in the best interest of the citizens of the City of Paris to select the Limited Conversion Feature which is 10% of the face value of the Certificate in cash up to a limit of $25,000.00, and the same should in all things be approved and the City Manager of the City of Paris should be authorized to execute the Election Form for Discount Certificates in the Form attached here to as Exhibit A; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF TIlE CITY OF PARIS, that the selection of the Limited Conversion Feature be, and the same is, hereby approved; and, BE IT FURTHER RESOLVED, that the City Manager of the City of Paris, Michael E. Malone, be, and he is, hereby authorized to execute on behalf of the City of Paris the Election Form for Discount Certificates in the form of Exhibit A, attached hereto. PASSED AND ADOPTED, this 27th day of November, 1995. ATTEST: ~~~\ \.~,,~,~~ Mattie Cunningham, City Cle k APPROVED TO FORM: \~ "T' T.T TT__._~_ :4-w. A ++....._...,..u.