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1255RESOLUTION NO. 1255 A RESOLUTION APPROVING THE STIPULATION FOR SETTLEMENT OF THE LAWSUITS STYLED CITY OF MARION VS. CITY OF WEST MEMPHIS, CITY OF WEST MEMPHIS VS. CITY OF MARION, AND THOMAS B. GOLDSBY, JR., VS. CITY OF WBST MEMPHIS, AND AUTHORIZING THE MAYOR AND THE CITY ATTORNEY TO EXECUTE THE NECESSARY DOCUMENTS TO ENTER INTO A SETTLEMENT AS SET OUT IN THE STIPULATION FOR SETTLEMENT. WHBRBAS, the City of West Memphis, the City of Marion and Thomas B. Goldsby, Jr., have been and will continue to be engaged in protracted, expensive litigation in the Circuit Court of Crittenden County, Arkansas, styled City of Marion vs. City of West Memphis, No. CIV-90-470; City of West Memphis vs. City of Marion, No. CIV-90-471; and Thomas B. Goldsby, Jr., vs. City of West Memphis, No. CIV-90-472; and WHEREAS, all of the parties to the pending litigation have negotiated a Stipulation for Settlement to establish the new boundaries of the City of West Memphis and the City of Marion, to resolve all issues of the pending litigation and to authorize dismissal of the pending litigation; and WHEREAS, the negotiations have resulted in two proposed legal descriptions of the property to be annexed to the City of West Memphis and the Mayor should be authorized to further negotiate and select which legal description should be made a part of the Stipulation for Settlement; and WHEREAS, the City Council of the City of West Memphis, Arkansas, finds that it is in the best interest of the City of West Memphis to approve the Stipulation for Settlement; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS, THAT the Stipulation for Settlement, with the appropriate legal description to be determined by the Mayor, is hereby approved and the Mayor and the City Attorney are hereby authorized to execute any and all necessary documents to effectuate a settlement of the pending litigation as set out in the Stipulation for Settlement. ADOPTED this 15th day of August, 1991. EITH M. INGRAM, yor ATTEST: DAN CRAF'P',(~fty/Clerk SPONSORED BY: STIPULATION FOR SETTLEMENT This Stipulation for Settlement is made, entered into, and executed this day of August 1991, in Crittenden County, Arkansas, by and among the City of Marion (Marion), the City of West Memphis (West Memphis) and Thomas B. Goldsby, Jr., (Goldsby). W-I-T-N-E-S-S-E-T-H WHEREAS, Marion, West Memphis and Goldsby have been and will continue to be engaged in protracted, expensive litigation in three separate lawsuits in the Circuit Court of Crittenden County, Arkansas styled, City of Marion v. City of West Memphis, No. Civ-90-470 (the Marion Lawsuit); City of West Memphis v. City of Marion, No. Civ-90-471 (the West Memphis Lawsuit) and Thomas B. Goldsby, Jr., v. City of West Memphis, No. Civ-90-472 (the Goldsby Lawsuit). WHEREAS, after considerable negotiation, the parties have reached an amicable settlement of the allegations in all of the pending litigation. NOW, THEREFORE, Marion, West Memphis and Goldsby for and in consideration of the mutual promises herein contained and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, agree, covenant, and stipulate as follows: 1. All recitals above set forth are true and correct. 2. The attorneys for the parties shall execute on behalf of their respective clients the necessary pleadings so that all three lawsuits shall be consolidated for the purpose of this settlement and for the entry of a Consent Judgment to effectuate the terms of this settlement. 3. The parties shall direct their respective attorneys to prepare, approve and indicate the parties' agreement to the terms of a Consent Judgment to be entered by the Circuit Court of Crittenden County, Arkansas to effectuate the terms of this settlement. 4. Each party shall bear his or its own costs and attorneys' fees. 5. Based upon this Stipulation for Settlement Goldsby shall direct his attorneys to file the necessary pleadings to dismiss the claims filed by Goldsby in the Goldsby Lawsuit, and said claims shall be dismissed with prejudice. 6. All parties agree that each shall instruct his or its attorneys to enter into a stipulation of fact on behalf of the respective parties that the boundaries created as the result of the recent annexation elections which are the subject of the lawsuits are as set out in the attachment marked Exhibit A to this Stipulation for Settlement. The terms of the Consent Judgment shall include the finding that the result of the litigation shall establish the increased boundaries of Marion and West Memphis due to the annexation elections as set out in the Exhibit, and no party to the lawsuits shall challenge the findings of the court with respect to the boundaries so determined by the court. Each party waives the 2 right to appeal after the Consent Judgment is entered of record, save and except the right to insure that the terms of this Stipulation for Settlement are effectuated by the entry of the Consent Judgment. 7. Marion and West Memphis shall instruct their respective attorneys to include into the terms of the Consent Judgment the finding and order that neither city shall annex lands by means of election within the corporate limits of either for the next TAN (ion years from and after entry of the Consent Judgment if the lands are contiguous to the new boundaries of Marion and West Memphis as established by this Stipulation for Settlement. Each city shall be free to continue annexation by petition of the landowners. Nothing in this Stipulation for Settlement or in the Consent Judgment shall prohibit either city from annexing any lands by any other lawful means other than by election during the proscribed period of time. 8. Marion, West Memphis and Goldsby agree and covenant that the Circuit Court of Crittenden County, Arkansas shall enter the Consent Judgment approving this Stipulation for Settlement. 9. This Stipulation for Settlement is entered into by Goldsby by his own free will, choice, and volition with advice of counsel or after an opportunity to consult with counsel without any duress or compulsion to do so and by Marion and West Memphis as its own free act and deed with advice of 3 counsel. Marion, West Memphis and Goldsby acknowledge to each other they understand and appreciate the seriousness of the undertakings herein and fully understand and comprehend the provisions of this Stipulation for Settlement. 10. This Stipulation for Settlement contains the entire stipulation and agreement among Marion, West Memphis and Goldsby with respect to all matters herein recited, and no oral statements or representations not reduced to writing herein and set forth herein shall be binding upon the parties. 11. This Stipulation for Settlement and all matters related hereto including its enforceability shall be governed and construed in accordance with the laws of the State of Arkansas. The Circuit Court of Crittenden Count of Crittenden County, Arkansas, shall have continuing jurisdiction to interpret and construe this Stipulation for Settlement and enforce any and all orders entered approving the same and shall have subject matter jurisdiction and in personam jurisdiction over each party to interpret and enforce the terms hereof. The parties hereto reaffirm and acknowledge that court's continuing subject matter jurisdiction and in personam jurisdiction over them for the above purposes and the power and authority of that court to make and enforce such orders and enter the Consent Judgment. 12. This Stipulation for Settlement and each and every covenant herein contained shall be binding upon Marion, West Memphis and Goldsby their successors, assigns, heirs, 4 officials, agents, servants, employees and personal representatives. 13. For purposes of this Stipulation for Settlement the singular includes the plural and the plural includes the singular. DATED at Crittenden County, Arkansas, on this day of August, 1991. APPROVED: John N. Fogleman, Attorney APPROVED: David Pe les, Attorney APPROVED: One of his attorneys CITY OF MARION CITY OF WEST MEMP S ~- THOMAS B. 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