HomeMy WebLinkAboutResolution 2411
A Resolution
No. ~.~ ~~
WHEREAS, on October 3 1997 International Aviation Services, Ltd.
("IAS") filed a voluntary petition under Chapter i 1 of the Bankruptcy Code m the
Umted States Bankruptcy Court for the Northern Distract of Texas Fort Worth
Division, and
WHEREAS, it is necessary that the City of Fort Worth assert rts nghts and
protect its property leased by IAS and
WHEREAS, because this matter is of extraordinary importance and
involves complex bankruptcy legal issues, rt is necessary to retain outside counsel to
assist the City Attorney m the assertion of the Crty's nghts and protection of the
City's property and
WHEREAS, Joe Colvin has substantial expertise m the area of bankruptcy
law and has agreed to represent the City m this matter
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF FORT WORTH, TEXAS
I.
That Joe Colvin be retained as outside counsel pursuant to Section 3
Chapter VI of the City Charter to assist the City Attorney m the representation of
the City's interests in the Chapter 11 bankruptcy action filed by IAS
II.
That, as far as practicable, the compensation to be paid 1VLr Colvin is hereby
fixed not to exceed $250 00 per hour for a total amount not to exceed $20,000
AND IT IS SO RESOLVED
Adopted this ~ 3h-~ day of ~ , 1998
CITY OF FORT WORTH