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Council committee reviews $3.05 million judgment payment; legal appeal may add attorney fees
Summary
City legal and treasury staff told committee members March 5 that a court judgment and associated interest and fees will require a payment of $3,045,219.81 to Rocket Properties LLC from the sinking fund; staff cautioned a pending appeal hearing could change the final total.
City legal and treasury staff briefed council committees March 5 on a court judgment in favor of Rocket Properties LLC and the planned payment from the city’s sinking fund.
Chad Becker of the treasury office told council there is sufficient cash in the sinking fund to issue payment for a judgment that, including prejudgment interest, post‑judgment interest, costs and attorney fees,…
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