ORDINANCE No. 177018
*Authorize Contract with Ater Wynne LLP for legal counsel services related to negotiations with Enron for the acquisition of Portland General Electric. (Ordinance; waived Code Section 5.68)
The City of Portland ordains:
Section 1. The Council finds:
1. Resolution No. 36093, adopted by Council on August 28, 2002, directed the Mayor and Commissioner of Public Works to enter into discussions with Enron Corporation and its creditors regarding Portland General Electric (PGE) to ensure that the citizens of Portland and northwest Oregon presently served by PGE receive reliable, stable and low-cost electric service.
2. The City requires independent and expert assistance in negotiations with Enron surrounding the future of PGE.
3. The firm of Ater Wynn LLP has been selected by the City Attorney in accordance with the authority granted him in the City Code to provide legal counsel services as necessary with regard to the negotiations.
4. The Council has directed the Bureau of Financial Services to adjust the Office of Management and Finance’s appropriation in the amount of $500,000 in the fall Budget Monitoring ordinance in support of anticipated expenses related to PGE negotiations.
NOW, THEREFORE, the Council directs:
a. The Mayor and Auditor are hereby authorized to execute a contract, attached hereto as Exhibit A.
b. Section 5.68 of the City Code is hereby waived.
b. The Mayor and Auditor are hereby authorized to draw and deliver warrants in an amount estimated to be $150,000.
Section 2. The Council declares that an emergency exists in order that there be no delay
in negotiations with Enron; therefore, this Ordinance shall be in force and effect
from and after its passage by the Council.
Passed by the Council, OCT 30 2002 GARY BLACKMER
Auditor of the City of Portland
Mayor Vera Katz
Office of Finance and Administration By /S/ Susan Parsons
TG:SM:JB Deputy
October 30, 2002
BACKING SHEET INFORMATION
AGENDA NO. 1272-2002
ORDINANCE/RESOLUTION/COUNCIL DOCUMENT NO. 177018
COMMISSIONERS VOTED AS FOLLOWS: |
YEAS | NAYS | |
FRANCESCONI | X | |
POSITION 4 VACANT | ----- | ----- |
SALTZMAN | X | |
STEN | X | |
KATZ | X |