Case:12-24882-ABC Doc#:231 Filed:07/24/12

Entered:07/24/12 16:44:53 Page1 of 2

IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF COLORADO HONORABLE A. BRUCE CAMPBELL In re: CORDILLERA GOLF CLUB, LLC Tax ID I EIN: 27-0331317 Debtor.
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) Case No. 12-24882 ABC ) Chapter 11

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ORDER PERMITTING PERIODIC FEE APPLICATIONS AND PRESCRIBING PROCEDURES The Court finds that it is appropriate for the professionals employed pursuant to sections 327 and 1103 of the Code to be permitted to seek interim compensation on a basis as frequently as monthly. Accordingly, it is ORDERED that the professionals employed pursuant to sections 327 or 1103 of the Code may apply under section 331 of the Code no more frequently than monthly for interim allowance of 100% of their fees and 100% of their expenses; and it is FURTHER ORDERED that interim applications so filed shall include an itemized statement of services rendered and generally meet the requirements of L.B .R. 2016-1 and shall be served on the Debtor, counsel for the Debtor, counsel for the official unsecured creditors committee appointed in this case, and the United States Trustee; and it is FURTHER ORDERED that a cover sheet in conformity with L.B.F. 2016-1.1 shall be served with the application on the parties listed above, and the cover sheet alone shall be served on the Official Committee of Unsecured Creditors and its counsel, Alpine Bank, the Representatives of a Certified Class of Members in Case Number 11 CV 552 pending in the District Court of Eagle County, Colorado, and their counsel, the Cordillera Metropolitan District and Cordillera Property Owners Association and their counsel, appropriate taxing authorities, any party who has filed an entry of appearance and request for notice in this case, and the office of the United States Trustee; and it is FURTHER ORDERED that applicants shall issue a notice of time to object in substantial conformity with L.B.F. 9013-1.1 affording those upon whom the application and/or cover sheet is served fourteen (14) days within which to file an objection; and it is FURTHER ORDERED that the notice of time to object shall contain a statement that a complete copy of the application is available on request from the professional filing the application and that the application may be viewed on PACER; and it is FURTHER ORDERED that if an objection is filed, the Court will, as expeditiously as possible, upon the submission of a contested certificate, set the matter for a hearing; and it is FURTHER ORDERED that if no objection is filed, the applicant may promptly submit a certificate of non-contested matter and a form of order authorizing interim compensation, and the Court will act on it as expeditiously as possible. If the Court has questions about any fee application, it may withhold approval of all or any portion of it. Any portion of requested fees on which Court approval is so withheld will be considered on final application when the Court has

Case:12-24882-ABC Doc#:231 Filed:07/24/12

Entered:07/24/12 16:44:53 Page2 of 2

more comprehensive information with which to apply the criteria of 11 U.S.C. 330; and it is FURTHER ORDERED that upon entry of an order authorizing payment, the Debtor will be authorized to pay (or direct the applicant to apply any retainer held by the applicant for payment) the amount of the fees and expenses so allowed. All fees that are allowed on an interim basis are subject to reconsideration on final application at the conclusion of the case and must be approved by final application. FURTHER ORDERED that because the procedure established by this Order is provided as an accommodation to professionals, such professionals may NOT include in their monthly applications, a request for allowance of their fees incurred in preparing and filing such monthly applications. Rather, such request for approval of all such fees may be made only in final fee applications. Because the interim fee procedure established by this Order primarily benefits the professionals subject to this Order, as opposed to the estate, fees related to preparation and filing of interim fee applications may be evaluated and reduced by the Court on a different standard than that applied to other services rendered and fees requested by such professionals on final application at the conclusion of a case. Dated this~ day of July, 2012 BY THE COURT:

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United States Bankruptcy Judge