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<br />enhance the Cities' ability to appropriately exercise regulatory responsibilities in the rate proceeding that <br />TXU Electric Delivery has agreed to file on or before July 1, 2006; and, <br /> <br />WHEREAS, the aforementioned Settlement Agreement calls for immediate and long-term benefits <br />to flow to all city members of the Steering Committee which in turn have indirect but positive benefit to all <br />city residents and public safety in general; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: <br /> <br />Section 1. That the findings set out in the preamble to this resolution are hereby in all things <br />approved. <br /> <br />Section 2. That the Settlement Agreement between the Cities' Steering Committee and TXU <br />Electric Delivery, attached hereto and for all purposes incorporated herein as Exhibit A, shall be and is <br />hereby in all things ratified. <br /> <br />Section 3. That this resolution shall be effective from and after its date of passage. <br /> <br />PASSED AND APPROVED this 14th day of March, 2005. <br /> <br />Curtis Fendley, Mayor <br /> <br />ATTEST: <br /> <br />Janice Ellis, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />Larry W. Schenk, City Attorney <br />