HomeMy WebLinkAboutResolution 1727RESOLUTION NO.
WHEREAS, on February 6, 1990, the City Council approved M6C
G-8452 retaining Joseph Colvin and the firm of Gilbert fi Colvin
as outside legal counsel to represent the City of Fort Worth in
the pending bankruptcy case concerning Briscoe Enterprises, Ltd.
II and III; and
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WHEREAS, during the pendency of the bankruptcy, the City
Council fixed by Resolution in advance, as far as practicable,
the compensation to be paid to Mr. Colvin and the firm for their
services the sum of $15,000, of which sum $7,826.90 has been
paid; and
WHEREAS, Joseph Colvin has presented to the City a statement
of fees in the amount of $14,370.95 for services rendered in the
bankruptcy from May 30, 1990, through March 19, 1991, thereby
increasing to $22,197.85 the total legal fees incurred by the
City during the pendency of the bankruptcy; and
WHEREAS, it is necessary that an additional sum of
$14,370.95 be authorized by ,Resolution so as to fix at 522,197.85
; the total compensation to be paid Joseph Colvin and the firm for
~ their services in the bankruptcy; .
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
•
That the total compensation to be paid to Joseph Co lvin and
the firm of Gilbert b Colvin for their services relating to the
pending bankruptcy case concerning Briscoe Enterprises, Ltd., II
and III be increased to $22,197.85.
APPROVED BY
CITY COU~~C€~
JUN 4 1991
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