HomeMy WebLinkAboutResolution 1503i
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aFSRtcr.Tio~t no.~
WHEREAS, Briscoe Enterprises, Ltd., II, and Briscoe Enter-
prises, Ltd., III, have filed petitions for bankruptcy under
Chapter 11 in the United States Bankruptcy Court; and
WHEREAS, because this matter is of extraordinary importance,
it is necessary to retain outside legal counsel to assist the
City Attorney with representation of the City in these proceed-
ings and to advise the City on bankruptcy matters relating
thereto; and
WHEREAS, Gilbert and Colvin possess the knowledge and
expertise in bankruptcy law and have agreed to assist the City in
these matters;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
Section 1.
That Gilbert
counsel, pursuant
to assist the City
bankruptcy proceed
and III, and to
relating thereto.
That Gilbert and Colvin be
these matters, and that as far
to be paid for their services be
$15,000.
Adopted this ~ day of
Section 2.
paid an hourly rate of $200.00 in
as practicable, the compensation
fixed in an amount not to exceed
1990.
APPROVED BY
CITY COUNCIL
FEB 6 f990
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and Colvin be retained as outside legal
to Section 3, Chapter VI of the City Charter,
Attorney in representation of the City in the
ings concerning Briscoe Enterprises, Ltd., II
advise the City .on other bankruptcy matters
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