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IN RE KAR DEVELOPMENT ASSOCIATES, L.P.

Bankruptcy No. 93-22056-11.

180 B.R. 624 (1994)

In re KAR DEVELOPMENT ASSOCIATES, L.P., Debtor.

United States Bankruptcy Court, D. Kansas.

August 31, 1994.

Attorney(s) appearing for the Case

R. Pete Smith and Jonathan A. Margolies of McDowell, Rice & Smith, P.C., Kansas City, MO, for debtor KAR Development Associates, L.P.

Mark A. Shaiken and Cindi S. Woolery of Stinson, Mag & Fizzell, and Ronald S. Weiss of Berman, Deleve, Kuchan & Chapman, Kansas City, MO, for Alchemedes/Olathe Inn Ltd. Partnership and Sec. Bank of Kansas City.

Mark A. Shaiken and Cindi S. Woolery of Stinson, Mag & Fizzell, Kansas City, MO, for City of Olathe, Kan.

ORDER ON MOTION FOR STAY PENDING APPEAL

JOHN T. FLANNAGAN, Bankruptcy Judge.

The movants are creditor parties to a Kansas industrial revenue bond transaction financing the construction of a Holiday Inn Hotel operated by debtor in Olathe, Kansas.1 This Court entered an order on August 5, 1994, denying the creditors' joint motion for relief from automatic stay aimed at gaining possession of the hotel.2...

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