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Rules committee adopts amendment to require two‑thirds Board vote before spending Rams settlement funds
Summary
The Legislation & Rules Committee adopted Amendment 1 to Resolution 245, clarifying that Rams settlement proceeds (and accrued interest) are defined as 'AMS settlement funds' and require an affirmative two‑thirds vote of the full Board before appropriation. The measure was moved out of committee with a due‑pass recommendation.
Alderman Oldenburg told the Legislation & Rules Committee on Feb. 10 that Resolution 245, as amended, would clarify what counts as “AMS settlement funds” and raise the threshold for approving spending from a simple majority to an affirmative two‑thirds of the full Board of Aldermen.
The amendment adopted by the committee defines the funds as money received by the city from the settlement and litigation involving the Rams football team owner…
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