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<br />WHEREAS, in order to avoid potentially costly litigation, the City of Eugene, subject <br />to Eugene City Council approval, has agreed to accept $2.25 million from BP A as <br />compensation to replace the estimated CIL T payments expected during decommissioning of the <br />Project (through 2023) and, in return, to relinquish claim to any and all future CILT payments <br />based on net operating costs related to the Trojan Project (the "Settlement"). <br /> <br />NOW, THEREFORE, BE IT HEREBY RESOLVED that the EWEB General Manager <br />is authorized to bind EWEB to support and act in accordance with the terms of the <br />aforementioned Settlement. This authorization is contingent upon execution of mutual releases <br />by BPA and the City of Eugene, which in the opinion of EWEB Special Counsel are adequate <br />to protect EWEB from liability in connection therewith with regard to all CIL T issues under <br />the Net Billing Agreement. <br /> <br />Adopted by the Eugene Water & Electric Board on August 5, 1997. <br /> <br />THE CITY OF EUGENE, OREGON <br />Acting by and through the <br />EUGENE WATER & ELECTRIC BOARD <br /> <br />~~ ~~lt/~ <br />President <br /> <br />I, KRISTA K. HINCE, the duly appointed, qualified and acting Assistant Secretary to <br />the Eugene Water & Electric Board, do hereby certify that the above is a true and exact copy <br />of the Resolution adopted by the Board at its August 5, 1997 Regular Board Meeting. <br /> <br />~ ~K ~; <br /> <br />Assi ant Secretary '--' <br />