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File #: 140315    Version: 1 Name: Settlement of Claim - American Airlines, Inc. - Assumption of Lease Obligations and Allocation of Relocation Reimbursement Credits
Type: Ordinance Status: Passed
Introduced: 4/8/2014 In control: Clerk of the Board
On agenda: 4/8/2014 Final action: 6/19/2014
Enactment date: 6/19/2014 Enactment #: 086-14
Title: Ordinance authorizing the settlement of the bankruptcy claim filed by the City and County of San Francisco against American Airlines, Inc., and its affiliated entities in In re: American Airlines, Inc., et al., Case No. 11-15463 SHS, United States Bankruptcy Court for the Southern District of New York, pursuant to a Cure Stipulation; the Cure Stipulation resolves the claim filed by the City and provides for American’s assumption of its leases, permits, and related agreement related to American’s operations at San Francisco International Airport; under the Cure Stipulation, the Airport will apply certain credits owed by Airport related to American’s interim relocation from Terminal 3 Boarding Area E to Terminal 2 Boarding Area D to the amounts owed by American under its leases, permits, and related obligations; further, the Airport will apply the remaining amount of the relocation related credits to American’s future obligations; the Cure Stipulation further provides for American’s assumption of an agreement related to environmental clean-up and monitoring costs at the Airport.
Attachments: 1. Leg Ver1, 2. Comm Pkt 051514, 3. Board Pkt 060314, 4. Board Pkt 061014, 5. Leg Final
Legislation Details
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