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FULL PACKET_2013-08-05
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FULL PACKET_2013-08-05
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4/6/2017 4:20:22 PM
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8/1/2013 3:57:34 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Date
8/5/2013
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1 <br />2 <br />3 <br />4, <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />is <br />l6 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />(iii) By obtaining and tiling an agreement among all of <br />the parties approving the payment, which the court then approves; or <br />(iv) By filing the Receiver's final accounting and report, <br />which the court then approves. <br />(c) The Receiver shall not reimburse the Receiver for the <br />Receiver's general office administration expenses or overhead without court <br />approval. These expenses include, for example, office supplies and employee <br />The, ILec-f%ver mu7 e w,ploy a.JP,q S� PMr <br />payroll, benefits, and taxes. te'i_5 q�co�. Fw..H. e„d reVPget'Y M4wY µrs <br />9. Management. The Receiver shall operate the property and take t <br />possession of all accounts relating to the property. The Receiver may purchase wa r <br />materials and supplies reasonably necessary to administer the receivership property. ?A <br />The Receiver may do all the things, and incur the risks and obligations, ordinarily done <br />or incurred by owns, managers, and operators of businesses and property similar to that <br />possessed by the Receiver, except the Receiver shall not make any capital <br />improvements or investments to the property without prior court order. All actions of <br />the Receiver shall be subject to a court order, May Lose • 1AO <br />10, Bank accounts. The Receiver Qeu++"'}'J/// <br />CAAd 1'rts d1rcetle r <br />(a) may establish accounts at any fins cial institutions insured <br />by an agency of the United States government that are not parties to this <br />proceeding. <br />(b) shall deposit in those accounts funds received in connection <br />with the receivership property, and <br />(c) shall deposit in interest - beating accounts money not <br />expended for receivership purposes. <br />11, Court instructions. The Receiver and the parties may at any time <br />apply to this Court for fii Cher instructions and orders and for additional powers <br />necessary to enable the Receiver to perform the Receiver's ditties properly. <br />12, ]insurance. <br />I'm <br />75B -12 _ _ <br />
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