File #: 16-666    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 6/24/2016 In control: City Commission
On agenda: 7/5/2016 Final action: 12/31/2023
Title: PREPETITION BANKRUPTCY LEGAL FEES INCURRED BY IBERIA BANK
Sponsors: City Attorney Department
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO:                 Mayor and Commissioners

FROM:           Noel Pfeffer, City Attorney/Janice Rustin, Assistant City Attorney

DATE:           July 5, 2016

Title

 

PREPETITION BANKRUPTCY LEGAL FEES INCURRED BY IBERIA BANK

Body

Recommended Action:

Recommendation

Motion to approve the settlement offer for the reasons discussed in the confidential memorandum previously distributed to the City Commission.

 

Body

Background:

This agenda item requests the City Commission to consider an offer of settlement in the amount of $40,000 to settle the issue of prepetition legal fees incurred by Iberia Bank.