Loading...
Agenda 04/28/2020 Item #16K 1 (Settlement Agreement - Giannone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³)&+5´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¶VDWWRUQH\¶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¶V DWWRUQH\¶V IHHV SOXV ZKDWHYHUGDPDJHVPD\EHDZDUGHGE\WKHMXU\ 7KHVHWWOHPHQWDPRXQWLQFOXGHVWKH3ODLQWLII¶VDWWRUQH\¶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±&RXQW\$WWRUQH\ V2IILFH 1DPH5RVD9LOODUUHDO $0 6XEPLWWHGE\ 7LWOH&RXQW\$WWRUQH\±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