Title
A RESOLUTION AUTHORIZING THE EXECUTION OF MANAGEMENT AGREEMENT FOR ARKANSAS RIVERBED CORRIDOR
Body
WHEREAS, the Cherokee Nation since time immemorial has exercised the sovereign rights of self-government in behalf of the Cherokee people;
WHEREAS, the Cherokee Nation is a federally recognized Indian Nation with a historic and continual government to government relationship with the United States of America;
WHEREAS, Arkansas Riverbed Authority (ARA) is an entity created by the Chickasaw Nation, Choctaw Nation and Cherokee Nation (Three Tribes) as a vehicle for pursuing the administration and development of the Arkansas River. Pursuant to Arkansas Riverbed Authority Bylaws, Article four (4), Section 1, Appointment, the ARA may appoint agents as deem desirable to perform certain duties prescribed;
WHEREAS, ARA wishes to enter into a Management Agreement (MA) with Cherokee Nation Business (CNB), a wholly owned Cherokee Nation entity staffed with professionals with expertise in analysis of business opportunities and exploration of opportunities for economic development;
WHEREAS, ARA wishes to enter into an MA with CNB authorizing CNB to utilize ARA data and information for purposes of studying and pursuing business opportunities in connection with Tribal ownership of the Arkansas River for an Arkansas River Power Transmission Corridor (ARPTC);
WHEREAS, ARA and CNB mutually promise to the other, agree and understand that the term of this MA shall be two years from date of the last signature. During this time, CNB will be responsible for developing a contract with a transmission company to build a transmission line along the Arkansas River primarily on the property owned by the three Tribes. If a contract is signed between CNB and a transmission company during the primary two (2) year term, then this MA between CNB and the Three Tribes shall continue in existence for a primary term of twenty-five 25 years with an option for an additional term of twenty...
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