FILE NO. 0 ORDINANCE NO.:..-.--- L-- _ 1 [Settlement of Bankruptcy Claims Dispute, In re METROMEDIA FIBER NETWORK, INC.] Ordinance authorizing settlement at 0/0 of face value of disputed bankruptcy creditor claims filed by the City and County of San Francisco against Chapter Debtors, In re METROMEDIA FIBER NETWORK, INC., et al., Chapter, Case Nos. 0- (ASH) through 0- (ASH), 0.. (ASH) through 0- (ASH), 0- (ASH), and 0-1 (ASH) through 0- (ASH) (Jointly Administered), (U. S. Bankruptcy Court, Southern District of New York), and directing attorney for Tax Collector to effectuate settlement. 1 I Be it ordained by the People of the City and County of San Francisco: Section 1. The Tax Collector Attorney in the Treasurer and Tax Collector Department is hereby authorized and directed to settle the claims of the City and County of San Francisco filed in In re METROMEDIA FIBER NETWORK, INC., et al., Chapter Case Nos. 0- (ASH) through 0- (ASH), 0- (ASH) through 0- (ASH), 0- (ASH), and 0-1 (ASH) through 0- (ASH) (Jointly Administered), (United States Bankruptcy Court, Southern District ofnew York), in accordance with the Stipulation and Agreed Order Memorializing Resolution of the Objection of City and County of San Francisco to Plan of Reorganization, which provides for payment of % of the face value of eight bankruptcy creditor claims, subject to the right of the chapter debtors to object to claim Nos. and as duplicate of paid by debtors to the state of California. The creditor claims are as follows: I:rrreasu!"~ Ta;~ollec~ffice/LegalSectionlMetromediaFiber Network, Inc.Proposed OrdinanceAuthorizingSettlementof BankruptcyClaims ~F l1lr~~rs Page 1
~ II 11 0/0/0 $,0.00 1 0/0/0 $,. 1 //0 $,. 0//0 $,. 0 0//0 $,.1 Claim No. Date Filed Claim Amount 1 0//0 $ 1,. 0//0 $ 0,1. 0//0 $ 0,.0 TOTAL $ 1,0,. The allowed claims shall be paid either by (1) cash equal to the unpaid portion of such claims, or () cash payments over time, which shall be up to years, with interest at the rate of % per annum on the unpaid balance. Section. The Tax Collector Attorney is directed to forward to counsel for the Chapter debtors a copy of the ordinance approving the proposed settlement. Recommended by: George. Putris t, Tax Administrator 1:lTreasurerTax Collector's Office/Legal Section/Metromedia FiberNetwork, Inc.Proposed Ordinance Authorizing Settlement of Bankruptcy Claims BOARD OF SUPERVISORS Page 1:\common\CASES\Metromedia Fiber Networks\MisceUaneous\Proposed Ordinance w-o nos.dccs
1 Approved By: APPROVED AS TO FORM: DENNIS HERRERA, City Attorney By: --------+--------- Deputy City Attorney 1 I:!freasurerTax Collector's Office/Legal Section/Metromedia FiberNetwork, Inc. Proposed Ordinance Authorizing Settlement of Bankruptcy Claims BOARD OF SUPERVISORS Page!:\common\CASES\Metromedia Fiber Networks\Miscel!aneous\Proposed Ordinance w-o nos.docs
City and County of San Francisco Tails Ordinance City Hall 1 Dr. Carlton B. Goodlett Place San Francisco, CA - File Number: 0 Date Passed: Ordinance authorizing settlement at % of face value of disputed bankruptcy creditor claims filed by the City and County of San Francisco against Chapter Debtors, In re METROMEDIA FIBER NETWORK, INC., et ai., Chapter, Case Nos. 0- (ASH) through 0- (ASH), 0 (ASH) through 0- (ASH), 0- (ASH), and 0-1 (ASH) through 0- (ASH) (Jointly Administered), (U. S. Bankruptcy Court, Southern District of New York), and directing attorney for Tax Collector to effectuate settlement. November, 0 Board of Supervisors - PASSED, ON FIRST READING Ayes: - Ammiano, Daly, Dufty, Elsbernd, Gonzalez, Ma, Maxwell, McGoldrick, Peskin, Sandoval Absent: 1 - Alioto-Pier December, 0 Board of Supervisors - FINALLY PASSED Ayes: - Alioto-Pier, Ammiano, Daly, Dufty, Elsbernd, Gonzalez, Ma, Maxwell, McGoldrick, Peskin, Sandoval City and County ofsan Francisco 1 Printed at : AM on //0
File No. 0 I hereby certify that the foregoing Ordinance was FINALLY PASSED on December, 0 by the Board of Supervisors of the City and County of San Francisco. (~ to I Date Approved File No. 0 City and County ofsan Francisco Tails Report Printed at : AM on //0