ACCEPTING THE BID FOR THE OIL AND GAS LEASE
WITH ASCENT RESOURCES – UTICA, LLC
AND DECLARING AN EMERGENCY
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ST. CLAIRSVILLE, STATE OF OHIO:
Section 1: That the bid dated October 24, 2018, for the Oil and Gas Lease with Ascent Resources – Utica, LLC, being the highest and best bid submitted, is hereby accepted.
Section 2: That the Mayor of the City be and he is hereby authorized, directed and empowered to sign the proposed Oil and Gas Lease with Ascent Resources – Utica, LLC, and to execute all other instruments required to complete said transaction in accord with the lease for the work described in attached Exhibit A.
Section 3: That a true copy of the bid submitted by Ascent Resources – Utica, LLC, shall be filed with the Director of Public Services of said City and become a permanent record thereof.
Section 4: That this Ordinance be and the same is hereby declared to be an emergency measure necessary for the immediate preservation of the public health, safety and welfare of the said City in order to finalize said lease negotiated as soon as possible.
Section 5: That this Ordinance shall be in full force and effect from and after passage and approval of same.
PASSED at regular meeting of the Council held this 5th day of November, 2018, by a vote of _____ of the members of Council.
Please click on the link below to view Exhibit A included in this legislation.