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File #: 23-022    Version: 1 Name: N/A
Type: Resolution Status: Passed
File created: 4/27/2023 In control: TRIBAL COUNCIL
On agenda: 4/27/2023 Final action: 5/17/2023
Enactment date: 5/15/2023 Enactment #: R-013-23
Title: A RESOLUTION APPROVING A LETTER OF CREDIT AGREEMENT AND GRANTING A LIMITED CONSENT TO BE SUED
Sponsors: Mike Shambaugh, Rex Jordan, Dora Patzkowski, Victoria Vazquez, Joe Deere, Keith Austin
Indexes: Agreement
Code sections: N/A - Not Applicable
Attachments: 1. R-13-23
Related files: 23-017, 23-047
Title
A RESOLUTION APPROVING A LETTER OF CREDIT AGREEMENT AND GRANTING A LIMITED CONSENT TO BE SUED
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, the Nation enjoys governmental immunity from suit under federal, state, and tribal law;

WHEREAS, the Nation has inherent sovereign authority, as evidenced by the Constitution and tribal law, to enter into contractual agreements providing for waivers, pledges, and consent to suit; and

WHEREAS, Resolution No. 11-23, previously approved by the Tribal Council and the Principal Chief, authorized Cherokee Nation Risk Management to obtain through the Financial Resources office, a LOC for the risk and insurance program for the new Hospital construction project;

WHEREAS, the Financial Resources office determined that it is advantageous for the Nation to utilize JP Morgan Chase Bank, N.A., for purposes of the LOC and has negotiated terms for a Letter of Credit Agreement ("Agreement") that includes a consent to nonexclusive jurisdiction and a limited consent to be sued which must be approved by the Cherokee Nation Tribal Council.

BE IT RESOLVED BY THE CHEROKEE NATION, that the Council recognizes that the remedy available as a result of a consent to be sued must be carefully and strictly defined, and therefore desires to establish herein the provisions that must be expressly set forth in the Agreement.

BE IT FURTHER RESOLVED that for the sole purpose of allowing the enforcement of the Agreement, and only for the time period set forth therein, the Cherokee Nation agrees to grant a limited consent to be sued, only if all of the following conditions are met:

(1) The entity seeking to bring suit against the Nation is JP Morgan Chase B...

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