The council's second-ranking member,
The first resolution indicated that the council supported the art transfer. The resolution passed today reads that the city council approves the transfer. The first resolution also referenced some additional questions the council had about the transfer, corporation counsel
"This is a final and full-throated approval of the transfer of assets," Hollowell said after the council's unanimous vote.
The transfer of DIA art is part of the so-called grand bargain, a deal equivalent to
Orr's restructuring plan still is subject to U.S. bankruptcy Judge
The council voted today after meeting in closed session for more than an hour to discuss the issue.
Cushingberry said it was difficult for council members to approve of transferring the city-owned art to a trust. But the chance to shed much of the city's
"A lot of my colleagues are hearing in the community that people are concerned that the city is being systematically devalued," Cushingberry said. "The objective is to get us out of bankruptcy as soon as we possibly can, and I think this furthers that along the way."
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