HomeMy WebLinkAboutRES 15-137•f:
RESOLUTION
A RESOLUTION OF THE CITY OF BEAUMONT IN THE
STATE OF TEXAS ACCEPTING A FULL AND FINAL
SETTLEMENT OF ALL CLAIMS AGAINST BP AND
OTHERS RESULTING FROM THE DEEPWATER
HORIZON OIL SPILL, AUTHORIZING THE EXECUTION
AND DELIVERY OF A GENERAL RELEASE AND OTHER
NECESSARY DOCUMENTS AND PROVIDING AN
IMMEDIATELY EFFECTIVE DATE.
BE IT RESOLVED by the CITY OF BEAUMONT in the State of TEXAS that the CITY
OF BEAUMONT hereby accepts BP's offer to pay the amount of $2,746,382.00 for the CITY
OF BEAUMONT's economic losses and as full and final settlement of all claims against BP and
others resulting from the Deepwater Horizon Oil Spill; and
BE IT FURTHER RESOLVED that the (authorized government
official or designee) is, authorized and directed to execute and deliver to BP a general release, in
the form attached hereto (the "Release"), of all damages resulting from or associated with the
Deepwater Horizon Oil Spill, in favor of BP and all entities associated with that incident as listed
in the attached Release, which form and substance are hereby approved; and
BE IT FURTHER RESOLVED that the execution of the Release shall be deemed
conclusive evidence of the approval and acceptance of the Release.
THIS RESOLUTION shall take effect immediately upon its execution.
RESOLVEI�.SSED, APPROVED AND ADOPTED this ''fday of July, 2015.
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ATTEST: "
TO WHOM IT MAY CONCERN:
RE: Full and Final Release, Settlement and Covenant Not to Sue
In re Oil Spill by the Oil Rig "Deepwater Horizon" in the Gulf of Mexico, on
April 20, 2010, MDL No. 2179 (E.D. La.)("MDL 2179")
CITY OF BEAUMONT
v
I am the attorney for CITY OF BEAUMONT, I am of the legal opinion that
has the legal authority to execute the Full and Final
Release, Settlement, and Covenant Not to Sue for and on behalf of
CITY OF BEAUMONT.
Regards,
Guy G. Fisher