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<br />LC~- <br />Iftar. <br />THE POWER TO MAKE A DIFFERENCE. <br />April 23, 1992 <br />Mr. Larry Gilley <br />City Manager <br />City of San Marcos <br />630 E. Hopkins <br />San Marcos, Texas 78666 <br />Re: Cause No. 91-0319; city of San Marcos v. Lower Colorado River <br /> Authority; Caldwell County District Court <br />Dear Mr. Gilley: <br />The purpose of this letter is to confirm that in connection with <br />the settlement of the above-referenced lawsuit, for accounting and <br />reporting purposes, LCRA and San Marcos will treat the payment made <br />by LCRA to San Marcos as a $2.5 million payment of legal damages in <br />settlement of the claims which San Marcos brought or could have <br />brought in the above-referenced lawsuit. In no event will LCRA or <br />San Marcos treat the payment as a rebate of rates paid by San <br />Marcos to LCRA for electric power purchases or as a reduction of <br />LCRA's electric rates to San Marcos (past or future) below those <br />~P:Jed by ~e Texas ~lic Utility C~ission. <br />si ce ely, <br />AGREED: <br />CITY OF SAN MARCOS <br />v:: <br />1äP~'6' 141)' <br /> ., '. ~ ,.J, "...w'\:) <br />Larry Gilley <br />City Manager <br />loWER COLORADO RIVER AliTHORITY p.o. BOX 220 AUSTIN, TX 78767,0220 5124733200 512473 :\298 FAX <br />