►
Description
San Bruno City Council Meeting September 27, 2011
7. Consent Calendar
A
Consent
calendar
all
items
are
considered
routine
or
implemented
earlier
council
action
and
may
be
enacted
by
one
motion.
There
will
be
no
separate
discussion.
I
must
requested
by
a
council
member
citizen
or
staff.
I
would
like
to
remove
item
a
accounts
payable
September,
12
and
19
2011
I
believe
that
is
the
correct
one
is
that
mr.
Marty
victim.
C
A
D
If
that
level
of
support
remains
between
now
and
settlement
date,
you
could
probably
see
our
number
that
we
arrived
at
higher,
but
we
know
no
lower
than
21.1
cents
on
the
dollar
to
provide
further
context.
The
highest
this
this
debt
has
traded
over.
The
last
three
years
is
anywhere
from
twenty,
actually
below
twenty
cents
to
as
high
as
thirty
cents
on
the
dollar.
That's
been
the
trading
range
over
the
last
three
year,
so
we
can
fully
expect
the
final
dollar
number
to
be
in
that
in
that
range.
B
D
Are
just
part
of
one
settlement
group:
there
are
other
creditors
that
are
banded
together
that
have
put
forth
their
own
proposals.
They
are
more
or
less,
however,
in
line
with
what
we
have
here,
it's
fully
expected
that
they
will
sign
what
are
called
formal
excuse
me,
they'll,
be
signing.
It
was
called
a
compromise
plan
that
will
be
presented
to
the
Bankruptcy
Court
sometime
in
the
fourth
quarter.
D
It
is
fully
expected
that
the
Bankruptcy
Court
will
approve
this
and
then
sometime
in
the
first
quarter,
2012
will
receive
our
pea
if
it
is
at
21.1
cents
on
the
dollar.
We
can
expect
the
settlement
for
us
of
316,000
if
it's
as
high
as
30
cents
on
the
dollar,
be
450,
450
thousand
dollars
paid
out
to
us.
So
again.
Realistically,
we
can
expect
that
sometime
in
the
first
quarter
in
2012
good.