Lawrence E. Hamilton, III

The City is asked to accept or reject an offer from TEOF Hotel LP to pay $5,707,000 (plus accrued interest and legal fees) upon the sale of the Lorenzo Hotel at 1011 South Akard Street in exchange for a release of the City's lien on the property, with no net cost to the City.

…(2) execute an agreement not to pursue any additional funds owed by Borrower or Lawrence E. Hamilton, III, as trustee of the Lawrence E. Hamilton Living Trust (“Guarantor”) to the City…