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IN RE COLORADO SPRINGS SPRING CREEK GEN. IMP. DIST.

Bankruptcy No. 94-15333 MSK.

177 B.R. 684 (1995)

In re CITY OF COLORADO SPRINGS SPRING CREEK GENERAL IMPROVEMENT DISTRICT, Debtor.

United States Bankruptcy Court, D. Colorado.

January 31, 1995.

Attorney(s) appearing for the Case

Patricia K. Kelly, Office of City Atty., Colorado Springs, CO, James B. Holden, Holden & Jessop, P.C., Denver, CO, for debtor.

Barbara K. Tenney, Ankele, Icenogle, Norton and White, P.C., Denver, CO, for Property Owners Rosenbaum/Dean.

James S. Bailey, Jr., Bailey, Harring & Peterson, P.C., Denver, CO, for Colorado Bondshares.

Virginia Anne Housum, Dorsey & Whitney, Denver, CO, for Indenture Trustee, Colorado Nat. Bank.

MEMORANDUM OPINION AND ORDER DENYING CONFIRMATION OF PLAN

MARCIA S. KRIEGER, Bankruptcy Judge.

THIS MATTER came on for hearing for determination of the adequacy of the Disclosure Statement for the Plan for Adjustment of Debts dated April 20, 1994 ("Disclosure Statement") and confirmation of the Amended Plan for Adjustment of Debts dated September 6, 1994 (the "Amended Plan") filed by the City of Colorado Springs Spring Creek Improvement District (the "District...

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