2024-12-27 3rd Monthly Application for Reimbursement - Teasdale (Doc 262)Case 24-11647-MFW Doc 262 Filed 12/27/24 Page 1 of 9
IN THE UNITED STATES BANKRUPTCY COURT
FOR TIIE DISTRICT OF DELAWARE
In re:
SilverRock Development Company, et al.,
Debtors.'
Chapter 11
Case No. 24-11647 (MFW)
(Jointly Administered)
Objection Deadline: January 17, 2025 at 4:00 p.m.
(ET)
SUMMARY OF THIRD MONTHLY APPLICATION OF ARMSTRONG
TEASDALE LLP, AS CO -COUNSEL TO THE DEBTORS AND
DEBTORS IN POSSESSION, FOR ALLOWANCE OF COMPENSATION
AND REIMBURSEMENT OF EXPENSES INCURRED FOR THE
PERIOD FROM OCTOBER 1, 2024 TIIROUGH OCTOBER 31, 2024
Name of Applicant: Armstrong Teasdale LLP
Authorized to Provide Professional Services to: Debtors and Debtors in Possession
Date of Retention: August 5, 2024 (order entered September 13, 2024)
Period for which compensation and
reimbursement is sought:
Amount of compensation sought as
actual, reasonable and necessary:
Amount of expense reimbursement sought
as actual, reasonable and necessary:
This is a: X monthly final application
October 1, 2024 through
October 31, 2024
$86,927.50
$11,947.01
'The Debtors in these chapter 11 cases, along with the last four digits of each Debtor's federal tax identification
number, as applicable, are: SilverRock Development Company, LLC (5730), RGC PA 789, LLC (5996), SilverRock
Lifestyle Residences, LLC (0721), SilverRock Lodging, LLC, (4493), SilverRock Luxury Residences, LLC (6598)
and SilverRock Phase 1, LLC (2247). The location of the Debtors' principal place of business and the Debtors'
mailing address is 343 Fourth Avenue, San Diego, CA 92101.
Case 24-11647-MFW Doc 262 Filed 12/27/24 Page 2 of 9
This application includes 1.8 hours and $1,050 in fees incurred in connection with the
preparation of Fee Applications.
Prior applications:
Date Filed /
Docket No.
Period Covered
Requested
Fees
Requested
Expenses
Approved Fees
Approved
Expenses
185
8/5/24-8/31/24
$67,561.50
$0
$54,049.20
$0
219
9/1/24-9/30/24
$93,725.00
$6,553.39
$74,980.00
$6,553.39
Case 24-11647-MFW Doc 262 Filed 12/27/24 Page 3 of 9
COMPENSATION BY INDIVIDUAL
Name of
Professional Person
Position of the Applicant,
Number of Years in that
Position, Prior
Relevant Experience, Year of
Obtaining License to Practice,
Area of Expertise
Hourly
Billing
Rate ($)
Total
Billed
Hours
Total
Compensation ($)
Jonathan M.
Stemerman
Partner since 2021. Joined firm
as Partner in 2021. Member of
DE Bar since 2004.
$775
87.40
$67,735.00
Eric M. Sutty
Partner since 2021. Joined firm
as Partner in 2021. Member of
DE Bar since 2001.
$795
6.5
$5,167.50
Marylou Sinko
Paralegal since 1996.
$375
37.40
$14,025.00
Grand Total:
131.30
$86,927.50
Blended Rate:
$627.34
Case 24-11647-MFW Doc 262 Filed 12/27/24 Page 4 of 9
30334593.1
COMPENSATION BY PROJECT CATEGORY
Project Category
Total Hours
Total Fees ($)
Case Administration (B 110)
48.50
23,947.50
Asset Analysis and Recovery (B120)
.3
232.50
Asset Disposition (B130)
2.10
1,627.50
Relief from Stay/Adequate Protection Proceedings (B 140)
.4
310.00
Meetings of and Communications with Creditors (B150)
5.2
4,030.00
Fee/Employment Applications (B160)
13.40
9,065.00
Avoidance Action Analysis (B180)
.2
155.00
Business Operations (B210)
1.5
1,162.50
Cash Collateral/DIP Financing (B230)
18.00
13,950.00
Tax Issues (B240)
.20
155.00
Real Estate (B250)
22.40
17,490.00
Board of Directors Matters (B260)
2.6
2,015.00
Claims Administration and Objections (B310)
.3
232.50
Plan and Disclosure Statement (B320)
1.8
1,395.00
Restructurings (B420)
14.40
11,160.00
TOTAL
131.30
86,927.50
EXPENSE SUN1MARY
Expenses Category
Total Expenses ($)
Deliver/Courier (E107)
11,847.01
Court Fees (E112)
100.00
TOTAL
11,947.01
1
Case 24-11647-MFW Doc 262 Filed 12/27/24 Page 5 of 9
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF I)ELAWARE
In re:
SilverRock Development Company, et al.,
Debtors.2
Chapter 11
Case No. 24-11647 (MFW)
(Jointly Administered)
Objection Deadline: January 17, 2025 at 4:00 p.m.
(ET)
THIRD MONTIILY APPLICATION OF ARMSTRONG
TEASDALE LLP, AS CO -COUNSEL TO THE DEBTORS AND
DEBTORS IN POSSESSION, FOR ALLOWANCE OF COMPENSATION AND
REIMBURSEMENT OF EXPENSES INCURRED FOR THE PERIOD FROM
OCTOBER 1, 2024 THROUGH OCTOBER 31, 2024
Pursuant to sections 330 and 331 of title 11 of the United States Code, 11 U.S.C. §§ 101 et
seq. (the "Bankruptcy Code"), and rule 2016 of the Federal Rules of Bankruptcy Procedure, and
in accordance with that certain Order Authorizing the Retention and Employment of Armstrong
Teasdale LLP as Bankruptcy Co -Counsel for the Debtors, Nunc Pro Tunc to the Petition Date
[Docket No. 102] (the "Retention Order") and that certain Order, Pursuant to Sections 105(a)
and 331 of the Bankruptcy Code, Bankruptcy Rule 2016(a), and Local Rule 2016-2, Establishing
Procedures for Interim Compensation and Reimbursement of Professionals [Docket No. 108] (the
"Interim Compensation Order"), the law firm of Armstrong Teasdale LLP ("AT") hereby
applies (this "Application") to the United States Bankruptcy Court for the District of Delaware
(the "Court") for reasonable compensation for professional legal services rendered as counsel to
the above -captioned debtors and debtors in possession (together, the "Debtors"), in the amount of
$86,927.50 together with reimbursement for actual and necessary expenses incurred in the amount
'The Debtors in these chapter 11 cases, along with the last four digits of each Debtor's federal tax identification
number, as applicable, are: SilverRock Development Company, LLC (5730), RGC PA 789, LLC (5996), SilverRock
Lifestyle Residences, LLC (0721), SilverRock Lodging, LLC, (4493), SilverRock Luxury Residences, LLC (6598)
and SilverRock Phase 1, LLC (2247). The location of the Debtors' principal place of business and the Debtors'
mailing address is 343 Fourth Avenue, San Diego, CA 92101.
2
Case 24-11647-MFW Doc 262 Filed 12/27/24 Page 6 of 9
of $11,947.01, for the period from October 1, 2024 through and including October 31, 2024 (the
"Monthly Fee Period"). In support of this Application, AT respectfully represents as follows:
BACKGROUND
1. On August 5, 2024, (the "Petition Date"), each of the Debtors filed a voluntary
petition with the Court under chapter 11 of the Bankruptcy Code. No Trustee or examiner has
been appointed in these Chapter 11 Cases.
2. Pursuant to the Retention Order, AT was retained to represent the Debtors as
bankruptcy co -counsel in connection with these chapter 11 cases, effective as of the Petition Date.
The Retention Order authorizes AT to be compensated on an hourly basis and to be reimbursed
for actual and necessary out-of-pocket expenses.
3. On October 16, 2024, AT filed its First Monthly Fee and Expense Application of
Armstrong Teasdale LLP as Bankruptcy Co -Counsel to the Debtors and Debtors In Possession for
Allowance of Compensation and Reimbursement of Expenses Incurred for the period August 5,
2024 to August 31, 2024 [D.I. 185] (the "First Monthly Fee Application"). Through the First
Monthly Fee Application, AT sought approval of 80% of its fees in the amount of $54,049.20
(100% = $67,561.50).
4. On November 7, 2024, AT filed a Certificate of No Objection No Order Required
[D.I. 215] regarding the First Monthly Fee Application. Pursuant to the Interim Compensation
Order, the Debtor was authorized to remit payment in the amount of $54,049.20 on account of its
approved fees. AT applied monies in its retainer to the approved amount.
5. On November 15, 2024, AT filed its Second Monthly Fee and Expense Application
of Armstrong Teasdale LLP as Bankruptcy Co -Counsel to the Debtors and Debtors In Possession
for Allowance of Compensation and Reimbursement of Expenses Incurred for the period
Case 24-11647-MFW Doc 262 Filed 12/27/24 Page 7 of 9
September 1, 2024 to September 30, 2024 [D.I. 219] (the "Second Monthly Fee Application").
Through the Second Monthly Fee Application, AT sought approval of 80% of its fees in the
amount of $74,980.00 (100% _ $93,725.00).
6. On December 9, 2024, AT filed a Certificate of No Objection — No Order Required
[D.I. 244] regarding the First Monthly Fee Application. Pursuant to the Interim Compensation
Order, the Debtor was authorized to remit payment in the amount of $74,980.00 on account of its
approved fees. AT applied monies in its retainer to the approved amount. AT currently has $0
remaining it its retainer account on related to the Debtors.
7. All services for which compensation is requested herein by AT were performed for
or on behalf of the Debtors.
SUMMARY OF SERVICES RENDERED
8. Attached hereto as Exhibit A is a detailed statement of fees and expenses incurred
during the Monthly Fee Period, showing the amount of $86,927.50 due for fees and $11,947.01
due for expenses.
9. The services rendered by AT during the Monthly Fee Period are grouped into the
categories set forth in Exhibit A. The attorneys and paralegals who rendered services relating to
each category are identified, along with the number of hours for each individual and the total
compensation sought for each category, in the attachments hereto.
DISBU RSEMENTS
10. AT has incurred out-of-pocket disbursements during the Monthly Fee Period in the
amount of $11,947.01.
4
Case 24-11647-MFW Doc 262 Filed 12/27/24 Page 8 of 9
VALUATION OF SERVICES
11. Attorneys and paraprofessionals of AT have expended a total of 131.30 hours in
connection with this matter during the Monthly Fee Period.
12. The amount of time spent by each of these persons providing services to the Debtors
for the Monthly Fee Period is fully set forth in the detail attached hereto as Exhibit A. These are AT's
normal hourly rates of compensation for work of this character. The reasonable value of the services
rendered by AT for the Monthly Fee Period as counsel for the Debtors in these cases is $86,927.50.
13. AT believes that the time entries included in Exhibit A attached hereto are in
compliance with the requirements of Local Rule 2016-2.
14. In accordance with the factors enumerated in section 330 of the Bankruptcy Code,
the amount requested is fair and reasonable given (a) the complexity of these chapter 11 cases, (b)
the time expended, (c) the nature and extent of the services rendered, (d) the value of such services,
and (e) the costs of comparable services other than in a case under chapter 11 of the Bankruptcy
Code.
15. This Application covers the fee period from October 1, 2024 through and including
October 31, 2024. AT has continued, and will continue, to perform additional necessary services
for the Debtors subsequent to the Monthly Fee Period, for which AT will file subsequent monthly
fee applications.
CONCLUSION
WHEREFORE, AT requests that allowance be made to it in the sum of $86,927.50 as
compensation for necessary professional services rendered to the Debtors for the Monthly Fee
Period, and the sum of $11,947.01 for reimbursement of actual necessary costs and expenses
Case 24-11647-MFW Doc 262 Filed 12/27/24 Page 9 of 9
incurred during that period, and requests such other and further relief as the Court may deem just
and proper.
Dated: December 27, 2024 ARMSTRONG TEASDALE LLP
Wilmington, Delaware
/s/Jonathan M. Stemerman
Jonathan M. Stemerman (No. 4510)
Eric M. Sutty (No. 4007)
Denisse Guevara (No. 7206)
1007 North Market Street, Third Floor
Wilmington, Delaware 19801
Telephone: (302) 416-9670
jstemerman@atllp.com
esutty@atllp.com
dguevara@atllp.com
Co -Counsel to the Debtors and Debtors
in Possession
6
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 1 of 15
Exhibit A
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 2 of 15
9,Armstrong
Teasdale
Attn: Robert S. Green, Jr.
SilverRock Development Company, LLC
343 Fourth Ave.
San Diego, CA 92101
SUMMARY OF INVOICE
For Professional Services through NOVEMBER 26, 2024
MATTER MATTER NAME
1 Chapter 11 Bankruptcy
TOTAL AMOUNT DUE:
Remaining Credits 0.00
Remaining Retainer 39,683.80
7700 Forsyth Boulevard, Suite 1800
St. Louis, MO 63105
Phone: 314.621.5070
Fed ID: 43-1274026
Contact us with question or concerns
Accountinginfo@atllp.com or 314.719.8270
November 29, 2024
Invoice No. 3301495
File No. 47399
FEES DISBURSEMENTS
86,927.50
1— CHAPTER 11 BANKRUPTCY
11,947.01
TOTAL
98,874.51
98,874.51
Fee Summary
Date
B110 — Case Administration
10/01/24 M. Sinko
10/01/24
Name
M. Sinko
10/01/24 M. Sinko
10/01/24 M. Sinko
Hours
Amount Narrative
0.20 75.00 Review email and calendar new objection
deadline to SARE motion. Email to attorney
team.
0.50 187.50 Prepare filings 159, 160, 161, 162, 163
(COC's and Final Orders) for service to 2002
list by email and service upon master service
list.
0.20 75.00 Prepare interim DIP and engagement of D.
Wilson orders for upload to Court for review
and signature.
0.80 300.00 Prepare and file COC re: 2nd interim order
re: engagement of Douglas Wilson through
10/15/2024 with exhibits D.I. 161.
PAYMENT IS DUE UPON RECEIPT.
Please Remit Payment To: NEW ADDRESS: Armstrong TeasdalelPO Box 875121 Carol Stream, IL 60188-7512
For ACH and WIRE: ATLLP ZBA Remittance Account' Cass Commercial Bank' Routing # 0810006051 Account # 40066991
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 3 of 15
Fee Summary
Date Name
10/01/24 M. Sinko
10/01/24 J. Stemerman
10/01/24 J. Stemerman
Hours
Amount Narrative
1.00 375.00 Prepare and file COC re: interim order
authorizing Debtors to obtain postpetition
financing with exhibits D.I. 160.
0.10 77.50 Instructions to M. Sinko re: certifications of
counsel re; City DIP and CRO retention and
service of of same.
1.30 1007.50 Begin preparation of opposition to UST
motion to dismiss or appoint Chapter 11
trustee.
10/02/24 M. Sinko 0.80 300.00 Prepare re -notice of hearing for D. Wilson
Companies final order. File with Court and
serve upon counsel 2002 list and master
service list.
10/02/24 M. Sinko 1.50 562.50 Review pleadings/docket and begin
preparation of draft agenda for 10.15.2024
hearing.
10/03/24 M. Sinko 0.50 187.50 Update draft notice of agenda for
10.15.2024 hearing.
10/03/24 M. Sinko 0.40 150.00 Serve Notice of 10/15 hearing upon counsel
2002 list by email and master service list by
U.S. Mail and email to J. Stemerman.
10/03/24 M. Sinko 0.30 112.50 Prepare Notice of 10/15 hearing for filing
and service upon counsel.
10/03/24 M. Sinko 0.50 187.50 Review email from J. Stemerman re: Notice
of Hearing. Prepare exhibits for 10/15
hearing.
10/03/24 M. Sinko 0.40 150.00 Draft certificate of service with affidavit of
service for notice of hearing with final
proposed DIP order.
10/07/24 M. Sinko 0.10 37.50 Review returned Federal Express envelopes
w/return service for Kloiber Real Estate
Holdings, LLC and Parekh Family Trust. Email
same to J. Stemerman.
10/07/24 M. Sinko 0.20 75.00 Review email and edit calendared deadline -
extended for response to Trustees Motion
to Dismiss. Calendar same.
10/07/24 M. Sinko 0.90 337.50 Revise draft agenda for 10/15 hearing
attorney review.
10/07/24 J. Stemerman 2.20 1705.00 Continue preparation of opposition to UST
motion to dismiss.
10/08/24 M. Sinko 0.10 37.50 Analyze email from Cypress re: extension of
time for response/objection to SARE
motion. Calendar same.
10/08/24 M. Sinko 0.40 150.00 File omnibus hearing date with court.
10/08/24 M. Sinko 0.30 112.50 Draft certification of Counsel with proposed
order for Omnibus hearing dates.
10/08/24 M. Sinko 0.10 37.50 Analyze email from J. Stemerman re:
omnibus hearing dates.
10/08/24 J. Stemerman 1.40 1085.00 Continue preparation of opposition to UST
motion to dismiss or appoint Chapter 11
trustee.
10/08/24 J. Stemerman 0.20 155.00 Communications with Court re: omnibus
hearing dates.
10/08/24 J. Stemerman 0.10 77.50 Supplement certification of counsel and
order re: omnibus hearing dates;
instrucitons to M. sinko re: same.
10/09/24 M. Sinko 0.20 75.00 Calendar Omnibus Hearing dates.
10/09/24 M. Sinko 1.80 675.00 Revised agenda for 10/15 hearing with J.
Stemerman comments and add hyperlinks
to agenda.
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 4 of 15
Fee Summary l
Date Name Hours Amount Narrative
10/09/24 M. Sinko 0.40 150.00 Analyze email from J. Stemerman re:
preparation for key due dates timeline.
Prepare and send to J. Stemerman for
review.
10/09/24 J. Stemerman 0.20 155.00 Analyze and supplement agenda for October
15th hearing.
10/09/24 J. Stemerman 0.30 232.50 Analyze and supplement critical dates list.
10/09/24 J. Stemerman 0.10 77.50 Communications with CRO and co -counsel
re: critical dates.
10/09/24 J. Stemerman 0.10 77.50 Communications with Court and T. Scannell
re: omnibus hearing dates.
10/10/24 M. Sinko 0.30 112.50 Review and email from L. Capp (Court) re:
agenda.
10/10/24 M. Sinko 2.50 937.50 Prepare virtual binder for Judge Walrath and
send to L. Capp and J. Stemerman re 10/15
hearing.
10/10/24 M. Sinko 1.20 450.00 Prepare revised Agenda 10/15/24 hearing
review with hyperlinks. Review and revise
agenda with J. Stemerman comments.
Prepare for filing with Court and service
upon counsel.
10/10/24 M. Sinko 0.20 75.00 Review and respond to email to J.
Stemerman re: service of amended agenda
and order.
10/10/24 M. Sinko 0.60 225.00 Prepare amended Agenda with changes and
file with Court and serve upon counsel and
master service list.
10/10/24 J. Stemerman 0.10 77.50 Communications with counsel for Axia Talus
re: UST motion to dismiss.
10/10/24 J. Stemerman 0.20 155.00 Communication with CRO, F. Schuster and
co -counsel re: critical dates.
10/10/24 J. Stemerman 0.30 232.50 Teams call with UST and B. Englander re:
UST motion to dismiss.
10/10/24 J. Stemerman 0.10 77.50 Communications to Chambers re:
adjournmentof UST motions.
10/10/24 J. Stemerman 0.10 77.50 Supplement amended agenda re: October
15th hearing.
10/11/24 J. Stemerman 1.60 1240.00 Continue preparation of opposition to UST
Motion to Dismiss.
10/14/24 M. Sinko 0.50 187.50 Prepare certification of counsel for 3rd
interim order for service by email to 2002
list and remainder to master service list by
U.S. Mail.
10/14/24 M. Sinko 0.30 112.50 Review email and make change to master
service list with updated addresses from
client.
10/14/24 M. Sinko 1.20 450.00 Analyze Certification of Counsel re: 3rd
Interim Order approving D. Wilson
extending through 10/31/2024 and prepare
exhibits and prepare all for filing and file
with Court.
10/15/24 M. Sinko 0.20 75.00 Upload Third Interim Order for Judge's
signature.
10/15/24 M. Sinko 0.20 75.00 Email from J. Stemerman re: new addresses.
10/15/24 M. Sinko 1.00 375.00 Prepare COS with AOS for 3 filings 169, 170
172, Agendas and Omnibus Hearing dates.
Prepare and file with Court.
10/15/24 M. Sinko 0.20 75.00 Email to Judge courtesy copy of COC re: D.
Wilson Third Interim Order.
10/15/24 M. Sinko 0.20 75.00 Email to Court re: Zoom hearing
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 5 of 15
Fee Summary
Date Name
10/15/24 M. Sinko
10/15/24 J. Stemerman
10/15/24 J. Stemerman
10/16/24 J. Stemerman
10/16/24 J. Stemerman
10/16/24 J. Stemerman
10/17/24 M. Sinko
10/21/24 M. Sinko
10/21/24 M. Sinko
10/21/24 J. Stemerman
10/22/24 J. Stemerman
10/22/24 J. Stemerman
10/22/24 J. Stemerman
10/23/24 J. Stemerman
10/24/24 M. Sinko
10/28/24 M. Sinko
10/29/24 M. Sinko
10/29/24 M. Sinko
10/29/24 M. Sinko
10/29/24 M. Sinko
10/29/24 M. Sinko
10/29/24 M. Sinko
10/29/24 M. Sinko
10/29/24 J. Stemerman
10/29/24 J. Stemerman
10/29/24 J. Stemerman
10/29/24 J. Stemerman
Hours
Amount Narrative
information.
0.20 75.00 Confer with E. Sutty re: potential filings.
0.40 310.00 Call with CRO and co -counsel in advance of
10/15 omnibus hearing re: case strategy.
0.50 387.50 Pariticipate at 10/15 omnibus hearing.
0.30 232.50 Analyze indepdendent manager issues.
0.20 155.00 Call with B. Englander and V. Vilaplana re:
idendepent manager.
0.30 232.50 Further communications with Debtors and
co -counsel re: interim manager issues.
1.00 375.00 Review and revise COC 2nd Interim DIP
Order and prepare exhibits for filing and file
with Court and serve counsel.
0.50 187.50 Draft change of address pleading for V.
Vilaplana. Send to J. Stemerman for review
and file with court.
0.50 187.50 Emails with J. Stemerman re: filing Monthly
Operating Reports and calendar same for
November and December.
0.40 310.00 Call with U.S. Trustee re: status update and
discussion re; UST motion to dismiss.
0.20 155.00 Communications with M. Bates re: various
open case issues, including Sontchi
retention and UST motion to dismiss.
1.10 852.50 Continue preparation of opposition to UST
motion to dismiss.
0.20 155.00 Analyze C. Sontchi proposed Management
Agreement.
0.30 232.50 Call with M. Bates re: UST motion to dismiss
and case status.
0.10 37.50 Confirm Agenda due date for October 31,
2024 hearing and inform attorneys re same.
1.00 375.00 Review emails from J. Stemerman re:
Agenda. Draft and revise agenda for J.
Stemerman review.
0.20 75.00 Calendar new omnibum hearing dates and
send to attorney team.
0.20 75.00 Prepare for COC for filing with Court and
service upon counsel re omnibus hearing
dates.
0.30 112.50 Draft Certification of Counsel for three new
omnibus dates December through February
for J. Stemerman review.
0.20 75.00 Review and respond to email from Judge's
clerk re omnibus hearing dates.
0.70 262.50 Analyze and revise agenda draft from J.
Stemerman re 10/31 hearing - add
hyperlinks. Prepare all for filing with Court
and service upon counsel.
0.20 75.00 Update critical dates re new due dates for
objections to SARE motion and MTD.
0.20 75.00 Analyze email from J. Stemerman re: revised
agenda for 10/31 hearing.
0.10 77.50 Supplement and finalize agenda for 10/31
hearing.
0.10 77.50 Communications with Court re: omnibus
hearing dates.
0.10 77.50 Analyze and authorize CoC and order re:
omnibus hearing dates.
0.10 77.50 Communications with co -counsel and UST
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 6 of 15
Fee Summary l
Date Name Hours Amount Narrative
re: omnibus hearing dates.
10/30/24 M. Sinko 0.50 187.50 File omnibus hearing dates, COS for AOS re
D.I. 199 and 200, 175, 185 -188 and 198.
10/30/24 M. Sinko 1.00 375.00 Prepare COS and AOS for 175, 185-186,
Third Interim Order re: retention of D.
Wilson, Fee Applications for ATLLP and
Carson; 187-188, COC and Order re: Second
Interim Order re: DIP financing, 198 Notice
of Agenda of matters scheduled for hearing
10/31/2024 1pm.
10/30/24 M. Sinko 0.30 112.50 Prepare email for service of 199 and 200
COC and Order regarding Omnibus Dates.
10/30/24 M. Sinko 0.10 37.50 Review email from J. Stemerman regarding
service.
10/30/24 J. Stemerman 0.50 387.50 Call with coc-counsel re: October 31st
hearing.
10/30/24 J. Stemerman 0.20 155.00 Telephone call with V. Vilaplana re:
independent manager appointment
language.
10/31/24 M. Sinko 0.50 187.50 Prepare for service of signed Interim Orders
(DIP and CRO) 2002 list and master service
list.
10/31/24 M. Sinko 0.30 112.50 Serve by email upon 2002 counsel.
10/31/24 M. Sinko 0.50 187.50 File with Court and Upload clean order for
judge review.
10/31/24 M. Sinko 0.60 225.00 File 4th interim CRO order with Court and
upload clean order for judge review and
serve by email upon 2002 counsel.
10/31/24 M. Sinko 1.00 375.00 Review and revise documents to be filed
Certification of Counsel regarding Fourth
Interim order CRO with exhibits.
10/31/24 M. Sinko 1.00 375.00 Review and revise documents to be filed
Certification of Counsel regarding Third
Interim order DIP Financing with exhibits.
10/31/24 M. Sinko 0.60 225.00 Email from J. Stemerman re: Corrected
Exhibits for Douglas Wilson Companies
staffing report. Prepare for filing with Court
and service upon counsel.
10/31/24 M. Sinko 0.30 112.50 Review and calendar agenda due dates for
all omnibus hearing dates.
10/31/24 M. Sinko 0.80 300.00 Review and file with CM/ECF Staffing Report
for Douglas Wilson Companies (September).
Email to 2002 List and U.S. Mail master
service list.
10/31/24 M. Sinko 0.30 112.50 Calendar due dates for Agendas for
Omnibus Hearings.
10/31/24 M. Sinko 0.80 300.00 Review and file CM/ECF - Staffing Report for
Douglas Wilson Companies for September
2024 and serve by email upon 2002 list and
U.S. Mail master service list.
10/31/24 J. Stemerman 0.60 465.00 Prepare for 10/31 hearing.
10/31/24 J. Stemerman 0.30 232.50 Pariticipate at 10/31 omnibus hearing.
10/31/24 J. Stemerman 0.10 77.50 Communications with Robert Green, CRO
and co -counsel re: entry of 3rd Interim DIP
and 4th Interim CRO orders.
Sub Total Task B110 48.50 23,947.50
B120 -Asset Analysis and Recovery
10/16/24 J. Stemerman 0.10 77.50 Communications with CRO re: potential
stalking horse bidder.
10/29/24 J. Stemerman 0.20 155.00 Analyze H&E Equipment Services notice of
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 7 of 15
Fee Summary
Date
Name
Sub Total Task B120
8130 - Asset Disposition
10/04/24 J. Stemerman
Hours
Amount Narrative
perfection of lien.
0.30 232.50
0.20 155.00 Call with S. Katona re: strategy re:
disposition of development opportunity.
10/04/24 J. Stemerman 0.30 232.50 Telephone call with V. Vilaplana re:
dispoistion of development opportunity.
10/06/24 J. Stemerman 0.10 77.50 Analyze communications from D. Wilson
and C. George re: potential stalking horse
bidder.
10/06/24 J. Stemerman 0.20 155.00 Communications with co -counsel re:
potential bidder on real estate development
assets.
10/07/24 J. Stemerman 0.20 155.00 Call with S. Katona re: stalking horse bidder.
10/08/24 J. Stemerman 0.50 387.50 Analyze potential bid procedures/sale
motion issues.
10/11/24 J. Stemerman 0.20 155.00 Analyze communications from CRO re:
proposed sale process.
10/14/24 J. Stemerman 0.40 310.00 Analyze JLL proposal re: Talus listing and
sale process.
Sub Total Task B130 2.10 1,627.50
B140 - Relief from Stay/Adequate Protection Proceedings
10/01/24 J. Stemerman 0.10 77.50 Communications with counsel for Cypress
re: extension re: repsonse to SARE motion.
10/23/24 J. Stemerman 0.20 155.00 Analyze letter from R.D. Olson re: Gauston
Corporation potential violation of automatic
stay in R.D. Olson v. SilverRock Lodging, et
al.
10/24/24 J. Stemerman 0.10 77.50 Communications with CRO and co -counsel
re: potential stay violation re: scaffolding.
Sub Total Task B140 0.40 310.00
6150 - Meetings of and Communications with Creditors
10/02/24 J. Stemerman 0.10 77.50 Communications with R. Marker re: landlord
invoices.
10/08/24 J. Stemerman 0.90 697.50 Zoom call with City and major constituents
re: various open issues.
10/14/24 J. Stemerman 0.60 465.00 Zoom call with major constituents re: case
update.
10/14/24 J. Stemerman 0.30 232.50 Call with CRO and co -counsel re: next steps
following call with major consituents.
10/16/24 J. Stemerman 0.20 155.00 Communications with counsel for Builders
Capital re: status update.
10/21/24 J. Stemerman 0.60 465.00 Zoom meeting with major constituents re:
case status and case strategy.
10/21/24 J. Stemerman 0.30 232.50 Call with co -counsel re: Zoom call with
major constituents and next steps.
10/21/24 J. Stemerman 0.60 465.00 Call with S. Katona re: case strategy.
10/25/24 J. Stemerman 0.70 542.50 Meeting with C. Sontchi, Builders Capital
and co -counsel re: case overview and
strategy.
10/28/24 J. Stemerman 0.50 387.50 Prepare for call with major constituents re:
case staus update.
10/28/24 J. Stemerman 0.30 232.50 Participate on call with Major Constituents
re: case status update.
10/31/24 J. Stemerman 0.10 77.50 Communication to counsel for SilverRock
Resort Investment LLC and SilverRock Resort
Investment M LLC re: Debtors' financials.
Sub Total Task B150 5.20 4,030.00
8160 - Fee/Employment Applications
10/01/24 J. Stemerman 0.20 155.00 Finalize certification of counsel re: 2nd
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 8 of 15
P
Date Name
10/01/24 J. Stemerman
10/03/24 J. Stemerman
10/03/24 J. Stemerman
10/03/24 J. Stemerman
10/03/24 J. Stemerman
10/03/24 J. Stemerman
10/04/24 J. Stemerman
10/04/24 J. Stemerman
10/04/24 J. Stemerman
10/04/24 J. Stemerman
10/04/24 J. Stemerman
10/07/24 J. Stemerman
10/08/24 J. Stemerman
10/08/24 J. Stemerman
10/10/24 J. Stemerman
10/11/24 J. Stemerman
10/14/24 J. Stemerman
10/14/24 J. Stemerman
10/14/24 J. Stemerman
10/14/24 J. Stemerman
10/15/24 J. Stemerman
10/15/24 J. Stemerman
10/16/24 M. Sinko
10/16/24 M. Sinko
10/16/24 M. Sinko
10/16/24 M. Sinko
Fee Summary
Hours
Amount Narrative
interim order approving CRO retention and
exhibits re; same.
0.10 77.50 Analyze entry of 2nd interim CRO order;
instructions to M. Sinko re: same.
0.20 155.00 Call with B. Englander re: Final CRO Order.
1.30 1007.50 Telephone call with D. Wilson and co
counsel re: CRO order, J. Alix protocol and
potential for independent director.
0.50 387.50 Call with B. Englander re: CRO retention
order and J. Alix protocol.
0.30 232.50 Call with v. Vilaplana re: independent
director.
0.20 155.00 Further communications with co -counsel
and CRO re: CRO order.
0.60 465.00 Call with Robert George, Fred Schuster and
co -counsel re: independent director.
0.50 387.50 Call with CRO, B. Englander and co -counsel
re: independent director and final CRO
order.
0.50 387.50 Further call with CRO and co -counsel re:
CRO order and independent director.
0.90 697.50 Further call with Robert Green, Fred
Schuster and co -counsel re: independent
director.
155.00 Additional emails with co -counsel re:
potential independent directo.
542.50 Call with r. Green and F. Schuster re:
indepdendent manager.
155.00 Call with T. Scannell re: independent
manager.
155.00 Communications with co -counsel re:
0.20
0.70
0.20
0.20
0.10
0.10
0.10
0.30
0.10
0.10
0.10
0.30
0.50
retention of real estate br
77.50 Call with B. Englander
manager issues.
77.50 Analyze email from CRO
budget re: same.
77.50 Prepare Third Interim
retention.
232.50 Analyze and supplement draft real estate
broker retention application.
77.50 Communications with CRO and co -counsel
re: 3rd interim CRO order.
77.50 Prepare for 10/15 hearing re:
CRO/indepdendent manager.
77.50 Analyze entry of 3rd interim CRO order;
instructions to M. Sinko re; same.
232.50 Prepare for 10/15 hearing re: independent
manager and status report re: same.
187.50 Confer with J. Stemerman re: upcoming
agenda for October 31 hearing and
upcoming filings and due dates.
0.30 112.50 Telephone call to Bankruptcy Court to
confirm e-notification through ECF for pro
hac vice attorneys - V. Vilaplana and B.
Carson, email to J. Stemerman re: same.
1.20 450.00 Make revisions /changes to fee applications
(ATLLP and Carson) and notices and prepare
for filing with Court.
0.30 112.50 Telephone call to Bankruptcy Court to
confirm e-notification through ECF for pro
oker.
re: indepdendent
re: DWC fees and
Order re: CRO
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 9 of 15
Fee Summary
Date Name Hours Amount Narrative
hac vice attorneys V. Vilaplana and B.
Carson, email to J. Stemerman re: same.
10/16/24 J. Stemerman 0.30 232.50 Communications with CRO and co -counsel
re: independent manager meeting.
10/16/24 J. Stemerman 0.40 310.00 Continue analysis of real estate broker
engagement issues.
10/21/24 J. Stemerman 0.40 310.00 Analyze and revise September 2024 invoice.
10/22/24 M. Sinko 0.40 150.00 Prepare all for service upon 2002 list by
email and service by U.S. Mail upon master
service list.
10/22/24 M. Sinko 0.60 225.00 Prepare and File with Court - Certificate of
No Objection - No Order Required regarding
Compensation of Douglas Wilson Companies
for the period of August 5, 2024 through
August 31, 2024 (D.I. 196).
10/22/24 J. Stemerman 0.20 155.00 Emails with A. Steele re: appointment of C.
Sontchi as independent manager.
10/22/24 J. Stemerman 0.30 232.50 Zoom call with Richard Layton re: mechanics
of Sontchi appointment.
10/29/24 J. Stemerman 0.10 77.50 Communications with co -counsel and B.
Englander re: interim/final CRO order.
10/31/24 J. Stemerman 0.10 77.50 Instructions to M. Sinko re; 4th interim CRO
order.
10/31/24 J. Stemerman 0.10 77.50 Communications with B. Carson and M.
Sinko re: DWC 2nd Monthly Staffing Report.
10/31/24 J. Stemerman 0.40 310.00 Further edit invoice for September time to
comply with UST guidelines.
Sub Total Task B160 13.40 9,065.00
B180 -Avoidance Action Analysis
10/30/24 J. Stemerman 0.20 155.00 Communications with D. Guevarra re:
insider/control definition.
Sub Total Task B180 0.20 155.00
B210 - Business Operations
10/01/24 J. Stemerman 0.10 77.50 Communications with CRO re: vedor
payments.
10/02/24 J. Stemerman 0.20 155.00 Communications with CRO re: bank
accounts.
10/02/24 J. Stemerman 0.20 155.00 Analyze various communications re: 1st
draw request.
10/11/24 J. Stemerman 0.20 155.00 Communications with B. Englander and V.
Vilaplana re: Schuster payments.
10/11/24 J. Stemerman 0.20 155.00 Analyze communciations from CRO re: 1st
draf request and necessary payments.
10/21/24 J. Stemerman 0.10 77.50 Communications with CRO re: American
Fencing contracts.
10/21/24 J. Stemerman 0.20 155.00 Analyze MORs and communications from
CRO re: same and instructions to M. Sinko
re: same.
10/24/24 J. Stemerman 0.10 77.50 Communications with UST re: bank
accounts.
10/29/24 J. Stemerman 0.20 155.00 Communications with CRO, co -counsel and
A. Steele re: D&O insurance issues.
Sub Total Task B210 1.50 1,162.50
B230 - Financing/Cash Collections
10/01/24 J. Stemerman 0.10 77.50 Analyze additional communications from
UST and City of La Quinta re: Interim DIP
Order.
10/01/24 J. Stemerman 0.20 155.00 Finalize Certification of Counsel re; Interim
DIP Order and exhibits re; same.
10/01/24 J. Stemerman 0.10 77.50 Telephone call with T. Scanell re: final DIP.
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 10 of 15
Fee Summary
Date Name Hours Amount Narrative
10/01/24 J. Stemerman 0.10 77.50 Analyze entry of interim DIP order;
communications with M. Sinko, CRO and co
counsel re: deadlines re: same.
10/02/24 J. Stemerman 0.20 155.00 Communications with B. Carson re: Final DIP
Order.
10/03/24 J. Stemerman 0.50 387.50 Analyze and supplement draft Final DIP
Order.
10/03/24 J. Stemerman 0.20 155.00 Call with B. Englander re: Final DIP Order.
10/03/24 J. Stemerman 0.10 77.50 Prepare draft notice of hearing re: Final DIP.
10/03/24 J. Stemerman 0.10 77.50 Tleephone call with B. Englander re: Final
DIP Order.
10/04/24 J. Stemerman 0.10 77.50 Communications with T. Scannell re: final
DIP order.
10/07/24 J. Stemerman 0.10 77.50 Call with S. Katona re: DIP order.
10/07/24 J. Stemerman 0.30 232.50 Analyze revised budget.
10/09/24 J. Stemerman 0.10 77.50 Call with T. Scannell re: final DIP.
10/09/24 J. Stemerman 0.10 77.50 Emails with Foley team and B. Englander re:
DIP budget.
10/09/24 J. Stemerman 0.40 310.00 Analyze draft loan agreement.
10/10/24 J. Stemerman 0.40 310.00 Call with B. Englander re: DIP issues.
10/10/24 J. Stemerman 0.20 155.00 Call with M. Vives re: 1st interim draw
request.
10/10/24 J. Stemerman 0.20 155.00 Call with V. Vilaplana re: DIP loan
agreements.
10/10/24 J. Stemerman 0.20 155.00 Call with D. Wilson re: DIP agreement and
budget.
10/10/24 J. Stemerman 0.10 77.50 Call with M. Vives re: DIP Budget.
10/10/24 J. Stemerman 0.30 232.50 Call with B. Englander re: DIP documents
and budget.
10/11/24 J. Stemerman 0.10 77.50 Communications with K. Mann re: proposed
Final DIP order.
10/11/24 J. Stemerman 0.10 77.50 Communications with counsel for Cypress
re: loan agreement re; Final DIP.
10/11/24 J. Stemerman 0.30 232.50 Communications with B. Englander re:
Cypress delay of loan agreement edits and
next steps.
10/11/24 J. Stemerman 0.40 310.00 Communications with CRO and co -counsel
re: Cypress delay of loan agreement edits
and next steps.
10/11/24 J. Stemerman 0.70 542.50 CaII with Robert Green, CRO and co -counsel
re: final DIP, 2nd interim DIP and F. Schuster
payments.
10/11/24 J. Stemerman 0.10 77.50 Communications with UST re: status update
on DIP negotations.
10/13/24 J. Stemerman 0.30 232.50 Analyze updated full DIP budget.
10/14/24 J. Stemerman 0.50 387.50 Prepare second interim DIP order.
10/14/24 J. Stemerman 0.10 77.50 Communications with CRO and co -counsel
re: second interim DIP order.
10/14/24 J. Stemerman 0.30 232.50 Analyze revised 2nd interim DIP budget.
10/14/24 J. Stemerman 0.20 155.00 Communications with CRO re: 2nd interim
DIP budget.
10/14/24 J. Stemerman 0.10 77.50 Written communication to City and Cypress
re: 2nd interim DIP and draw request.
10/14/24 J. Stemerman 0.30 232.50 Prepare for hearing re: 2nd interim DIP.
10/15/24 J. Stemerman 0.30 232.50 Call with UST re: 2nd interim DIP order and
budget.
10/15/24 J. Stemerman 0.20 155.00 Call with B. Englander re: 2nd interim DIP.
10/15/24 J. Stemerman 0.10 77.50 Further communications with M. Vives re:
2nd interim DIP budget.
10/15/24 J. Stemerman 0.10 77.50 Further call with UST re: 2nd interim DIP
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 11 of 15
Fee Summary
Date Name
10/15/24 J. Stemerman
10/15/24 J. Stemerman
10/15/24 J. Stemerman
10/15/24 J. Stemerman
10/15/24 J. Stemerman
10/16/24 J. Stemerman
10/16/24 J. Stemerman
10/16/24 J. Stemerman
Hours
Amount Narrative
budget and draw.
0.70 542.50 Prepare for 10/15 hearing re: 2nd interim
DIP.
0.30 232.50 Analyze City comments re: 2nd interim DIP
order.
0.30 232.50 Communications with F. Schuster re: salary
infomation and DIP budget line item re:
same.
0.70 542.50 Zoom call with T. Scannell, CRO and co
sounsel re: DIP budget and case strategy.
0.20 155.00 Analyze updated DIP budget.
0.20 155.00 Supplement 2nd interim DIP order.
0.10 77.50 Telephone call with B. Englander re: 2nd
interim DIP.
0.20 155.00 Call with B. Englander and V. Vilaplana re:
DIP budget, order and additional financing.
10/16/24 J. Stemerman 1.00 775.00 Zoom call with M. Vives and B. Englander re:
DIP budget.
10/17/24 J. Stemerman 0.20 155.00 Prepare certification of counsel re: 2nd
interim DIP order.
10/17/24 J. Stemerman 0.10 77.50 Call with B. Englander re: 2nd interim DIP.
10/18/24 J. Stemerman 0.10 77.50 Analyzed entry of 2nd Interim DIP Order and
instructions to M. Sinko re: same.
10/21/24 J. Stemerman 0.20 155.00 Call with B. Englander re: DIP Loan
Agreement and next.
10/21/24 J. Stemerman 0.20 155.00 Communications with CRO and co -counsel
re: Cypress mark-up to DIP loan agreement.
10/21/24 J. Stemerman 0.30 232.50 Call with B. Carson re: DIP issues.
10/22/24 J. Stemerman 0.10 77.50 Communications with M. Vives re: draw
requests re: DIP budget.
10/22/24 J. Stemerman 0.40 310.00 Telephone call with B. Englander re: DIP
Budget, DIP Orders and other DIP terms.
10/23/24 J. Stemerman 0.30 232.50 Analyze draft Loan Agreement re: City DIP.
10/23/24 J. Stemerman 0.30 232.50 Telephone call with B. Englander re: Loan
Agreement and Final DIP.
10/23/24 J. Stemerman 0.20 155.00 Further call with B. Carson re: revised Loan
Agreement and final DIP.
10/24/24 J. Stemerman 0.20 155.00 Communications with B. Carson re: revised
DIP loan documents.
10/25/24 J. Stemerman 0.40 310.00 Telephone call with B. Englander re: final
DIP.
10/28/24 J. Stemerman 0.20 155.00 Call with B. Englander re: 3rd interim DIP.
10/29/24 J. Stemerman 0.10 77.50 Communications with CRO re: DIP budget.
10/29/24 J. Stemerman 0.30 232.50 Communications with T. Scannell re: third
interim DIP, proposed order and budget.
10/29/24 J. Stemerman 0.40 310.00 Analyze SilverRock Resort Investment LLC
and SilverRock Resort Investment M LLC
loan documents.
10/29/24 J. Stemerman 0.10 77.50 Communications with Fred Schuster and co -
counsel re: SilverRock Resort Investment LLC
and SilverRock Resort Investment M LLC
information rights.
10/29/24 J. Stemerman 0.40 310.00 Analyze draft monthly budget and
comments from Fred Schuster re: same.
10/29/24 J. Stemerman 0.20 155.00 Communications with M. Vives re: Third
interim DIP Order and budget.
10/29/24 J. Stemerman 0.30 232.50 Analyze and supplement draft 3rd interim
DIP order.
10/30/24 J. Stemerman 0.10 77.50 Supplement draft 3rd interim DIP order.
10/30/24 J. Stemerman 0.10 77.50 Communication to B. Englander and T.
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 12 of 15
Date
10/30/24
10/30/24
10/30/24
10/31/24
10/31/24
10/31/24
Name
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
Fee Summary
Sub Total Task B230
B240 - Tax Issues
10/29/24 J. Stemerman
Sub Total Task B240
B250 - Real Estate
10/01/24 J. Stemerman
10/02/24
10/02/24
10/03/24
10/04/24
10/04/24
10/06/24
10/08/24
10/08/24
10/08/24
10/09/24
10/11/24
10/12/24
10/14/24
10/14/24
10/14/24
10/14/24
10/19/24
10/21/24
10/22/24
10/23/24
10/23/24
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
E. Sutty
E. Sutty
E. Sutty
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
J. Stemerman
10/23/24 J. Stemerman
1
Hours Amount Narrative
Scannell re: draft 3rd interim DIP order.
0.20 155.00 Call with B. Engalnder re: 3rd interim DIP
order.
0.10 77.50 Further supplementation of Third Interim
DIP Order.
0.10 77.50 Communication to UST re: 3rd Interim DIP
Order.
0.20 155.00 Telephone call with UST re: proposed 3rd
Interim DIP Order.
0.10 77.50 Supplement prpoosed third interim DIP
order based on UST comments.
0.10 77.50 Communications to Cypress and City re: UST
comments to third interim DIP order.
18.00 13,950.00
0.20 155.00 Analyze communications from Keillor Capital
re: RGC PA 789 taxes.
0.20 155.00
0.60 465.00 Continue analysis and preparation of
opposition to SARE Motion.
0.10 77.50 Additional call with R. Riley re: SARE motion.
2.70 2092.50 Continue preparation of opposition to SARE
motion.
1.60 1240.00 Continue preparation of oppositin to SARE
motion.
0.20 155.00 Call with B. Englander re: SARE motion and
other issues.
1.80 1395.00 Continue opposition to SARE motion.
0.60 465.00 Continue preparation of opposition to SARE
motion.
0.10 77.50 Analyze Cypress proposal re: adjournment
of SARE motion.
0.10 77.50 Communications with co -counsel and CRO
re: Cypress proposal re: adjournement of
SARE motion.
0.60 465.00 Continue preparation of opposition to SARE
motion.
0.10 77.50 Call with T. Scannell re: SARE motion.
0.40 310.00 Continue preparation of opposition to SARE
Motion.
0.50 387.50 Analyze CBRE proposal re: Talus project.
0.20 155.00 Prepare for 10/15 hearing re: SARE motion
and update re: same.
0.50 397.50 Analyze CBRE proposal.
3.50 2782.50 Draft CBRE retention application.
2.50 1987.50 Draft CBRE declaration, Wilson declaration,
proposed order and notice.
0.10 77.50 Analyze communications from C. Sontchi
and CRO re: real estate brokers.
0.50 387.50 Continue preparation of opposition to SARE
motion.
1.70 1317.50 Continue opposition to SARE motion.
0.50 387.50 Call with Robert Green and Fred Schuster re:
SARE motion and development backround
facts.
0.30 232.50 Calls with B. Carson re: response to SARE
motion.
0.70 542.50 Continue preparation of opposition to SARE
motion.
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 13 of 15
Fee Summary
Date
10/23/24
Name
J. Stemerman
Hours
Amount Narrative
0.20 155.00 Call with B. Englander re: SARE motion
responses.
10/23/24 J. Stemerman 0.10 77.50 Further call with B. Carson re: response to
SARE motion.
10/24/24 J. Stemerman 0.30 232.50 Further communications with co -counsel
and opposing counsel re: SARE response.
10/25/24 J. Stemerman 0.10 77.50 Analyze communication from T. Scannell re:
adjournment of SARE oppotion deadline.
10/25/24 J. Stemerman 0.40 310.00 Continue preparation of SARE opposition.
10/26/24 J. Stemerman 0.40 310.00 Analyze draft City objection to SARE motion.
10/26/24 J. Stemerman 0.60 465.00 Supplement draft opposition to SARE
Motion.
10/26/24 J. Stemerman 0.10 77.50 Communications with CRO and co -counsel
re: draft opposition to SARE Motion.
10/30/24 J. Stemerman
10/30/24 J. Stemerman
0.10 77.50 Call with B. Englander re: SARE Motion
opposition.
0.20 155.00 Call with B. Englander re: Sontchi
appointment order.
Sub Total Task B250 22.40 17,490.00
B260 - Board of Directors Matters
10/11/24 J. Stemerman 0.40 310.00 Communications with counsel for the City
and co counsel re: potential Judge Sontchi
appointment as independent manager.
10/13/24 J. Stemerman 1.10 852.50 Call with C. Sontchi, CRO and co -counsel re:
idepdendent manager.
10/18/24 J. Stemerman 0.20 155.00 Analyze communications from Robert
Green, CRO and co -counsel re: meetings
with C. Sontchi re: independent manager
appointment.
10/19/24 J. Stemerman 0.20 155.00 Analyze further communications from V.
Vilaplana and B. Carson re: Sontchi meetings
re: independent manager appointment.
10/25/24 J. Stemerman 0.10 77.50 Telephone call with B. Englander re: C.
Sontchi appointment.
10/27/24 J. Stemerman 0.30 232.50 Analyze proposed amendments to Debtor
LLC agreements re: independent manager
and comments from co -counsel and counsel
to C. Sontchi re: same.
10/27/24 J. Stemerman 0.20 155.00 Analyze communications from D. Wilson
and V. Vilaplana re: communications with C.
Sontchi re: appointment re: independent
manager.
10/31/24 J. Stemerman 0.10 77.50 Communications with UST re: indepdenent
manager appointment.
Sub Total Task B260 2.60 2,015.00
B310 -Claims Administration and Objections
10/20/24 J. Stemerman 0.10 77.50 Communications with co -counsel re: proof
of claims bar date.
10/21/24 J. Stemerman 0.10 77.50 Communications with co -counsel re: proof
of claim bar date.
10/28/24 J. Stemerman 0.10 77.50 Communications with B. Carson re: proof of
claims bar date.
Sub Total Task B310 0.30 232.50
8320 -Plan And Disclosure Statement (including Business Plan)
10/01/24 J. Stemerman 0.90 697.50 Call with CRO and co -counsel re: plan
strategy.
10/02/24 J. Stemerman 0.50 387.50 Telephone call with B. Englander re: case
strategy re: plan and related issues.
10/16/24 J. Stemerman 0.40 310.00 Analyze plan components and exit strategy.
Sub Total Task B320 1.80 1,395.00
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 14 of 15
Fee Summary
Date Name Hours Amount Narrative
B420 - Restructurings
10/02/24 J. Stemerman 0.60 465.00 Call with R. Riley re: various open case
issues, including plan, SARE motion and UST
motion to dismiss.
10/02/24 J. Stemerman 1.10 852.50 Call with CRO, co -counsel and major
consituents re: case status update and
strategy moving forward.
10/02/24 J. Stemerman 0.40 310.00 Telephone call with B. Carson re: case
strategy.
10/08/24 J. Stemerman 0.40 310.00 Zoom call with CRO and co -counsel re: case
strategy.
10/08/24 J. Stemerman 0.60 465.00 Call with B. Englander re: restructuring
issues.
10/09/24 J. Stemerman 3.70 2867.50 Continue preparation of opposition to UST
motion to dismiss.
10/10/24 J. Stemerman 0.70 542.50 Zoom call with CRO and co -counsel re: case
strategy.
10/15/24 J. Stemerman 0.20 155.00 Call with CRO and coc-counsel following
hearing re: next steps.
10/15/24 J. Stemerman 0.70 542.50 Call with CRO, R. Green and coc-counsel re:
next steps re: DIP, indepdentent manager
and brokerer retention.
10/15/24 J. Stemerman 0.30 232.50 Call with B. Carson and V. Vilaplana re: next
steps re: key milesones.
10/16/24 J. Stemerman 0.90 697.50 Call with Robert Green, Fred Schuster, CRO
and co -counsel re: next steps.
10/16/24 J. Stemerman 0.40 310.00 Further communications with R. Green, CRO
and co -counsel re: case status and case
strategy.
10/17/24 J. Stemerman 1.50 1162.50 Call with Robert Green, CRO and co -counsel
re: case strategy.
10/22/24 J. Stemerman 0.60 465.00 Call with CRO and co -counsel re: case
strategy.
10/23/24 J. Stemerman 0.50 387.50 Zoom call with CRO, F. Schuster, and co -
counsel re: 10/31 hearing and strategy re:
same.
10/24/24 J. Stemerman 0.70 542.50 Call with C. Sontchi, A. Steele, Poppy Bank
and B. Carson re: case strategy.
10/28/24 J. Stemerman 0.40 310.00 Call with CRO re: case strategy and next
steps.
10/29/24 J. Stemerman 0.40 310.00 Telephone call with Robert Green and Fred
Schuster re: case status and strategy.
10/31/24 J. Stemerman 0.30 232.50 Pre -hearing call with CRO, Robert Green, F.
Schuster and B. Carson re: 10/31 hearing
and update on discussions with converted
preferred equity re: liens.
Sub Total Task B420
14.40 11,160.00
Total Hours 131.30
Total Services 86,927.50
Disbursement Summary
Date Cost
E107 Delivery Services/Messengers
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1099843; DATE: 9/3/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1100144; DATE: 9/5/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1100484; DATE: 9/9/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1100891; DATE: 9/10/2024
Amount
1,209.40
4,378.39
50.00
25.00
Case 24-11647-MFW Doc 262-1 Filed 12/27/24 Page 15 of 15
Disbursement Summary
Date
Cost
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1100893; DATE: 9/10/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1101176; DATE: 9/10/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1101473; DATE: 9/13/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1101476; DATE: 9/13/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1101576; DATE: 9/13/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1101577; DATE: 9/13/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1101805; DATE: 9/16/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1102226; DATE: 9/17/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1102497; DATE: 9/19/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1103677; DATE: 9/25/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1104303; DATE: 9/30/2024
10/11/24 Courier Service - VENDOR: Parcels, Inc.; INVOICE#: 1104305; DATE: 9/30/2024
Sub Total E107
E112 Court Fees
10/11/24
Filing Fees - VENDOR: Delaware District Court; INVOICE#: 603142; DATE: 8/12/2024
Sub Total E112
Total Disbursements
Matter Total
Matter Total for Invoice
Amount
25.00
15.00
350.13
121.60
25.00
25.00
376.22
205.24
393.80
52.96
2,576.92
2,017.35
11,847.01
100.00
100.00
11,947.01
98,874.51
98,874.51
Attorney/Paralegal Summary
Name
M. Sinko
J. Stemerman
E. Sutty
Total
Rate
375.00
775.00
795.00
Hours Amount
37.40 14,025.00
87.40 67,735.00
6.50 5,167.50
131.30 86,927.50
Case 24-11647-MFW Doc 262-2 Filed 12/27/24 Page 1 of 2
VERIFICATION
I, Jonathan M. Stemerman, declare, pursuant to 28 U.S.C. § 1746, under penalty of perjury:
1. I am a Partner in the applicant firm, Armstrong Teasdale LLP ("AT"), and have
been admitted to the bar of the Supreme Court of Delaware since 2024.
2. I have personally performed many of the legal services rendered by AT to the
debtors and debtors in possession in connection with their chapter 11 cases and am familiar with
all other work performed on behalf of the lawyers and paraprofessionals at AT.
3. In compliance with rule 2016-2 of the Local Rules of Bankruptcy Practice and
Procedure of the United States Bankruptcy Court for the District of Delaware ("Local Rule 2016-
2") of the Bankruptcy Court, and with the Guidelines for Reviewing Applications for
Compensation and Reimbursement of Expenses Filed under 11 U.S.C. § 330 by Attorneys in
Larger Chapter 11 Cases (the "U.S. Trustee Guidelines"), 28 C.F.R. pt. 58, app. A (1996), the
following is provided in response to the request for additional information set forth in ¶ C.5 of the
U.S. Trustee Guidelines:
Question: Did you agree to any variations from, or alternatives to, your standard or
customary billing rates, fees or terms for services pertaining to this engagement that were
provided during the application period? If so, please explain.
Response: No.
Question: If the fees sought in this fee application as compared to the fees budgeted for
the time period covered by this fee application are higher by 10% or more, did you discuss
the reasons for the variation with the client?
Response: Not applicable.
Question: Have any of the professionals included in this fee application varied their hourly
rate based on the geographic location of the bankruptcy case?
Response: No.
Case 24-11647-MFW Doc 262-2 Filed 12/27/24 Page 2 of 2
Question: Does the fee application include time or fees related to reviewing or revising
time records or preparing, reviewing, or revising invoices? (This is limited to work
involved in preparing and editing billing records that would not be compensable outside of
bankruptcy and does not include reasonable fees for preparing a fee application.) If so,
please quantify by hours and fees.
Response: Yes. This application includes .4 hours and $310 in fees related to reviewing
and revising invoices to conform with bankruptcy guidelines.
Question: Does this fee application include time or fees for reviewing time records to
redact any privileged or other confidential information? If so, please quantify by hours and
fees.
Response: Yes. This application includes .4 hours and $310 in fees related to reviewing
time records for privilege.
Question: If the fee application includes any rate increases since retention: (i) Did the
client review and approve those rate increases in advance? (ii) Did the client agree when
retaining AT to accept all future rate increases? If not, did AT inform the client that they
need not agree to modified rates or terms in order to have you continue the representation,
consisted with ABA Formal Ethics Opinion 11-458?
Response: Not applicable.
4. The facts set forth in the foregoing Application are true and correct to the best of
my knowledge, information and belief.
Dated: December 27, 2024 /s/Jonathan M. Stemerman
JONATHAN M. STEMERMAN
2
Case 24-11647-MFW Doc 262-3 Filed 12/27/24 Page 1 of 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re:
SilverRock Development Company, et al.,
Debtors.'
Chapter 11
Case No. 24-11647 (MFW)
(Jointly Administered)
Objection Deadline: January 17, 2025 at 4:00 p.m. (ET)
NOTICE OF THIRD MONTHLY APPLICATION OF ARMSTRONG
TEASDALE LLP, AS CO -COUNSEL TO THE DEBTORS AND
DEBTORS IN POSSESSION, FOR ALLOWANCE OF COMPENSATION AND
REIMBURSEMENT OF EXPENSES INCURRED FOR THE PERIOD FROM
OCTOBER 1, 2024 THROUGH OCTOBER 31, 2024
PLEASE TAKE NOTICE that the Third Monthly Application of Armstrong
Teasdale LLP, as Co -Counsel to the Debtors and Debtors In Possession, for Allowance of
Compensation and Reimbursement of Expenses Incurred for the Period from October 1, 2024
Through October 31, 2024 (the "Application") has been filed with the United States Bankruptcy
Court for the District of Delaware (the "Court"). The Application seeks allowance of monthly
fees in the amount of $86,927.50 and monthly expenses in the amount of $11,947.01.
PLEASE TAKE FURTHER NOTICE that objections to the Application, if any, are
required to be filed on or before January 17, 2025 at 4:00 p.m. (ET) (the "Objection Deadline")
with the Clerk of the United States Bankruptcy Court, 824 N. Market Street, 3rd Floor,
Wilmington, Delaware 19801, and served so as to be received on or before the Objection Deadline
by the undersigned counsel to the Debtors.
PLEASE TAKE FURTHER NOTICE THAT, PURSUANT TO THE ORDER,
PURSUANT TO SECTIONS 105(A) AND 331 OF THE BANKRUPTCY CODE, BANKRUPTCY
RULE 2016(A), AND LOCAL RULE 2016-2, ESTABLISHING PROCEDURES FOR INTERIM
COMPENSATION AND REIMBURSEMENT OF PROFESSIONALS [DOCKET NO. 108], IF NO
OBJECTIONS ARE FILED AND SERVED IN ACCORDANCE WITH THE ABOVE
PROCEDURES, THE DEBTORS WILL BE AUTHORIZED TO PAY 80% OF THE
REQUESTED FEES AND 100% OF THE REQUESTED EXPENSES WITHOUT FURTHER
ORDER OF THE COURT.
1The Debtors in these chapter 11 cases, along with the last four digits of each Debtor's federal tax identification
number, as applicable, are: SilverRock Development Company, LLC (5730), RGC PA 789, LLC (5996), SilverRock
Lifestyle Residences, LLC (0721), SilverRock Lodging, LLC, (4493), SilverRock Luxury Residences, LLC (6598)
and SilverRock Phase 1, LLC (2247). The location of the Debtors' principal place of business and the Debtors'
mailing address is 343 Fourth Avenue, San Diego, CA 92101.
Case 24-11647-MFW Doc 262-3 Filed 12/27/24 Page 2 of 2
PLEASE TAKE FURTHER NOTICE THAT ONLY IF AN OBJECTION IS
PROPERLY AND TIMELY FILED IN ACCORDANCE WITH THE ABOVE PROCEDURES
WILL A HEARING BE HELD ON THE APPLICATION.
Dated: December 27, 2024 ARMSTRONG TEASDALE LLP
Wilmington, Delaware
/s/Jonathan M. Stemerman
Jonathan M. Stemerman (No. 4510)
Eric M. Sutty (No. 4007)
Denisse Guevara (No. 7206)
1007 North Market Street, Third Floor
Wilmington, Delaware 19801
Telephone: (302) 416-9670
jstemerman@atIlp.com
esutty@atllp.com
dguevara@atllp.com
Co -Counsel to the Debtors and Debtors
in Possession