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:
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Mattie Cunningham, City Cle k
APPROVED
TO FORM:
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ELECTION FORM FOR DISCOUNT CERTIFICATES
(for cities electing an option other than the Standard Discount)
Ms. Sandra Lewis
Southwestern Bell Telephone Company
One Bell Plaza, Room 3010
P.O. Box 655521
Dallas, Texas 75265-5521
Re: Cause No. D-142,176; City of Pon Anhur, an incorporated Texas municipality, on
behalf of itself and all others similarly situated v. Sourhwes/ern Bell Telephone Company
and H. Paul Adams; In the 136th Judicial District Court of Jefferson County, Texas.
Dear Ms. Lewis:
Pursuant to section VI1(D)(l) of the Stipulation of Seulement, the City/Town of
PARIS.
Paris
, Texas elects the following option with respect to the issuance
of the Municipal Discount Certificates:
Non-Standard Discount (a)-a reduction to 70% of Original Face Value
of the Certificate with a 40% discount.
Non-Standard Discount (b)-a reduction to 50% of Original Face Value
of the Certificate with a 50% discount.
Non-Standard Discount (c)-a reduction to 40% of Original Face Value
of the Certificate with a 60% discount.
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Limited Conversion Fe.1ture-conversion of 100% of the Original Face
Value of the Certificate into cash equal in amount to 10% of the Original
Face Value of the Certificate, not to exceed a cash payment of $25,000.
. Sincerely,
Michael E. Malone
City Manager
APPROVED AS TO FORM:
,
[fitle), City/Town of PARIS,
Paris ,Texas
T. K. Haynes, City Attorney
EXHIBIT A