Submitting reso. autho. Settlement in lawsuit of General Retirement Systems, et al. v. City of CPTF et al (Book Cadillac Litigation); Wayne County Court No.: 13-014005-CK; in the amount of $22,000,000.00, subject to the restriction that the City of Detroit must receive a net payment of at least $10 million, which will be applied against liabilities owed by the City on HUD 108 note litigations.) (REFERRED TO THE INTERNAL OPERATIONS STANDING COMMITTEE ON 5-4-16)

Committee

Internal Operations Standing Committee

Introduced

July 13, 2016

On agenda

May 4, 2016