Bankruptcy agreements to come before City Council at Tuesday meeting

The City Council will consider the agreements the city has reached with almost all of its creditors on Tuesday, 27 days before the scheduled start of the bankruptcy trial on May 12 in Sacramento.

Item 15.2 in the Tuesday agenda includes links to all of the agreements.

The city has not reached agreements with all of its creditors, most notably Franklin High Yield Tax-Free Income Fund and Franklin California High Yield Municipal Fund.

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