HomeMy WebLinkAboutResolution 2354A Resolution ~ 3 .~~
WHEREAS, on October 3 1997 International Aviation Services, Ltd.
("IAS") filed a voluntary pehhon under Chapter 11 of the Bankruptcy Code in the
United States Bankruptcy Court for the Northern Distnct of Texas- Fort Worth
Division, and
WHEREAS, rt is necessary that the City of Fort Worth assert xts nghts and
protect its property leased by IAS and
WHEREAS, because this matter is of extraordinary unportance and
involves complex bankruptcy legal issues, it is necessary to retain outside counsel to
assist the City Attorney m the assertion of the City's nghts and protection of the
City's property and
WHEREAS, firm of Gilbert & Colvin and Joseph W Colvin of the firm
have substantial expertise m the area of bankruptcy law and have agreed to represent
the City m this matter
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF FORT W ORTH, TEXAS
I.
That the firm of Gilbert & Colvin, designating Joseph W 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 Crty's interests m the Chapter 11
bankruptcy action filed by IAS
II.
That, as far as practicable, the compensation to be paid Gilbert & Colvin is
hereby fixed not to exceed $250 00 per hour for a total amount not to exceed
$10 000
AND IT IS SO RESOLVED
APPRa~~D
CITY CO~~C~
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Adopted tlus _ day of , 1997
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CCitq S~e~ f~ 4~
_ Citq of Fos! ~ost3~,
CITY OF FORT WORTH