UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

--------------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

THE COMMONWEALTH OF PUERTO RICO, et al.

 Debtors.1

PROMESA

Title III 

Case No. 17 BK 3283-LTS

(Jointly Administered)

--------------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

PUERTO RICO HIGHWAYS & TRANSPORTATION 

AUTHORITY,

 Debtor.

PROMESA

Title III 

Case No. 17 BK 3567-LTS

--------------------------------------------------------------------x

COVER SHEET TO FIFTY-EIGHTH MONTHLY FEE APPLICATION OF 

O’NEILL & BORGES LLC FOR COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO 

THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO 

RICO, AS REPRESENTATIVE OF DEBTOR, PUERTO RICO HIGHWAYS & 

TRANSPORTATION AUTHORITY, FOR THE PERIOD OF 

FEBRUARY 1, 2022 THROUGH FEBRUARY 28, 2022

1

 The Debtors in these jointly-administered Title III Cases, along with each Debtor’s respective Title III case number listed as a 

bankruptcy case number due to software limitations and the last four (4) digits of each Debtor’s federal tax identification number, 

as applicable, are the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax

ID: 3481); (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four 

Digits of Federal Tax ID: 8474); (iii) Employees Retirement System of the Government of the Commonwealth of Puerto Rico 

(“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax ID: 9686); (iv) Puerto Rico Highways and 

Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) Last Four Digits of Federal Tax ID: 3808); (v) Puerto 

Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747); 

and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-BK-5233-LTS) (Last Four Digits of Federal 

Tax ID: 3801) (Title III Case numbers are listed as Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 1 of 75
Name of applicant O'Neill & Borges LLC (“O&B”)

Authorized to provide professional services 

to:

Financial Oversight and Management 

Board, as Representative for the Debtor 

Pursuant to PROMESA Section 315(b)

Time period covered by this application: February 1, 2022 through February 28, 

2022

Amount of compensation sought as actual, 

reasonable and necessary: 

$9,472.95

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$0.00

Total amount for this invoice: $9,472.95

This is a: X monthly ___ interim ___ final application

This is O&B's fifty-eighth monthly fee application in these cases.

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 2 of 75
Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for February 2022. 

/s/ Jaime A. El Koury

Jaime A. El Koury 

General Counsel to the Financial Oversight and 

Management Board for Puerto Rico

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 3 of 75
On August 23, 2022, sent to:

Counsel for the Oversight Board:

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Attn: Martin J. Bienenstock, Esq., 

mbienenstock@proskauer.com

Ehud Barak, Esq., ebarak@proskauer.com

Proskauer Rose LLP

70 West Madison Street, Chicago, IL 60602

Attn: Paul V. Possinger, Esq., 

ppossinger@proskauer.com

Counsel for AAFAF:

O’Melveny & Myers LLP

Times Square Tower, 7 Times Square

New York, NY 10036

Attn: John J. Rapisardi, Esq., jrapisardi@omm.com

Suzzanne Uhland, Esq., suhland@omm.com

Diana M. Pérez, Esq., dperez@omm.com

Counsel for PR Fiscal Agency and Financial 

Advisory Authority:

Marini Pietrantoni Muñiz LLC

MCS Plaza Suite 500, 255 Ponce de León Ave.

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq., 

lmarini@mpmlawpr.com

Carolina Velaz-Rivero, Esq., cvelaz@mpmlawpr.com

Office of the United States Trustee District of PR:

Edif. Ochoa, 500 Tanca Street, Suite 301

San Juan, PR 00901

Re: In re: Commonwealth of Puerto Rico

monsita.lecaroz@usdoj.gov

Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP

200 Park Avenue 

New York, NY 10166

Attn: Luc. A. Despins, Esq., 

lucdespins@paulhastings.com

Casillas, Santiago & Torres, LLC

El Caribe Office Building, 53 Palmeras Street, Suite 

1601

San Juan, PR 00901-2419

Attn: Juan J. Casillas Ayala, Esq., 

jcasillas@cstlawpr.com

Alberto J.E. Añeses Negrón, Esq., 

aaneses@cstlawpr.com

Counsel for the Official Committee of Retired 

Employees:

Bennazar, García & Millian, C.S.P.

Edificio Union Plaza, PH-A Piso 18, 416 Ave. Ponce de 

León

Hato Rey, PR 00918

Attn: A.J. Bennazar-Zequeira, Esq., ajb@bennazar.org

Jenner & Block LLP

919 Third Ave

New York NY 10022

Attn: Robert Gordon, Esq., rgordong@jenner.com

Richard Levin, Esq., rlevin@jenner.com

Jenner & Block LLP

353 N. Clark Street

Chicago, IL 60654

Attn: Catherine Steege, Esq., csteege@jenner.com

Melissa Root, Esq, mroot@jenner.com

PR Department of Treasury:

PO Box 9024140

San Juan, PR 00902-4140

Attn: Reylam Guerra Goderich, Deputy Assistant of 

Central Accounting, Reylam.Guerra@hacienda.pr.gov

Omar E. Rodríguez-Pérez, CPA, Assistant 

Secretary of Central Accounting, 

Rodriguez.Omar@hacienda.pr.gov

Angel L. Pantoja-Rodríguez Deputy Assistant Secretary 

of Internal Revenue and Tax Policy 

angel.pantoja@hacienda.pr.gov

Francisco Parés-Alicea, Secretary of the Treasury, 

Francisco.pares@hacienda.pr.gov

Francisco Pena Montanez, CPA, Assistant Secretary of 

the Treasury, Francisco.Pena@hacienda.pr.gov

Counsel for the Fee Examiner:

EDGE Legal Strategies, PSC

252 Ponce de León Av, Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo, Esq., elugo@edgelegalpr.com

Godfrey & Kahn, S.C.

Onee East Main Street, Suite 500

Madison, WI 53703

Attn: Katherine Stadler, KStadler@gklaw.com

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 4 of 75
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Julio Pietrantoni Special Counsel Corporate 360.00 4.20 1,512.00 

Hermann D. Bauer Member Litigation 330.00 7.20 2,376.00 

José R. Cacho Member Corporate 360.00 10.20 3,672.00 

Carlos E George Member Labor 265.00 1.80 477.00 

Rosa M. Gonzalez Lugo Member Corporate 350.00 2.80 980.00 

Jose Notario Toll Member Corporate 245.00 0.80 196.00 

Josué Gonzalez Aldarondo Associate Corporate 210.00 4.40 924.00 

Ivette Rodriguez Associate Corporate 185.00 2.10 388.50 

Totals 33.50 $ 10,525.50

Less: 10% Courtesy discount $ (1,052.55)

$ 9,472.95

SUMMARY OF DISBURSEMENTS $ -

HTA TITLE III 

Summary of Legal Fees for the Period February 1 through February 28, 2022

SUMMARY OF LEGAL FEES

Summary of Disbursements for the Period February 1 through February 28, 2022

Description - Expenses Amounts

HTA TITLE III 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 5 of 75
Task 

Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

202 Legal Research 11.70 3,229.50 

210 Analysis and Strategy 7.40 2,604.00

212 General Administration and Governance 0.30 73.50

213 Labor, Pension Matters 0.90 238.50

214 Legal / Regulatory Matters 0.90 324.00

215 Plan of Adjustment and Disclosure Statement 12.30 4,056.00

$ 10,525.50

Less: 10% Courtesy Discount $ (1,052.55)

TOTALS 33.50 $ 9,472.95

HTA TITLE III 

Summary of Legal Fees for the Period February 1 through February 28, 2022

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 6 of 75
O&B requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $8,525.66, and reimbursement of one-hundred 

percent (100%) of expenses incurred, in the amount of $0.00) in the total amount 

of $8,525.66.

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 7 of 75
Professional Certification

I hereby certify that no public servant of the Department of Treasury is a party to 

or has any interest in the gains or benefits derived from the contract that is the basis of this 

invoice. The only consideration for providing services under the contract is the payment 

agreed upon with the authorized representatives of the Financial Oversight and 

Management Board for Puerto Rico. The amount of this invoice is reasonable. The services 

were rendered and the corresponding payment has not been made. To the best of my 

knowledge, O’Neill & Borges LLC does not have any debts owed to the Government of 

Puerto Rico or its instrumentalities.

s/Ubaldo M. Fernández

Ubaldo M. Fernández 

O’Neill & Borges LLC

250 Muñoz Rivera Ave., Ste. 800

San Juan, PR 00918-1813

Tel: (787) 282-5786

Fax: (787) 753-8944

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 8 of 75
Exhibit A

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 9 of 75
 February 28, 2022

FOMB IN RE HTA TITLE III

RE: GENERAL

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 10 of 75
 February 28, 2022

FOMB IN RE HTA TITLE III Bill #: 411034

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

February 28, 2022:

 

Client.Matter: P1703 - 0

RE: GENERAL

 

Total Professional Services $ 5,856.00

Less Discount $ -585.60 

Net Professional Services $ 5,270.40

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 5,270.40 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 11 of 75
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1703 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

2/01/22 JRC 215 Review additional questions raised by FOMB regarding 

whether HTA can create subsidiaries to transfer toll 

business (.40). Review HTA and PREPA statutes (1.20). 

Provide comments to J. Pietrantoni and other OB 

attorneys regarding this issue (.40). Review additional 

emails from J. Pietrantoni and R. Gonzalez on related 

issues (.20).

2.20 360.00 792.00

2/01/22 CEG 213 Consider legal issues related to legal grounds to create 

non-for-profit corporation and related employment and 

labor issues(0.4); review HTA organic law and related 

CBA (0.5)

.90 265.00 238.50

2/07/22 JEG 202 Legal research to denitrify the OMB Enabling Act and 

forward same to H. Bauer.

.10 210.00 21.00

2/09/22 IRH 202 Analyze amendments enacted by Acts 30 and 31 of 2013 

to special funds designated for the Puerto Rico Highways 

and Transportation Authority in preparation for response 

to client inquiry regarding the same.

2.10 185.00 388.50

2/17/22 JRC 215 Review list of issues circulated by A. Piccirillo of 

Proskauer regarding proposed interim loan from CW to 

HTA to make payments required by CW Plan of 

Adjustment (.60). Participate in conference call with 

Proskauer and Citi regarding interim loan to HTA and 

issuance of new HTA bonds pursuant to HTA plan of 

adjustment (1.10). Draft emails to J. Pietrantoni and J. 

Gonzalez regarding analysis of whether proposed interim 

loan can be governed by PR law (.20).

1.90 360.00 684.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 12 of 75
 O'Neill & Borges LLC

Bill #: 411034 February 28, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

2/18/22 JRC 210 Analyze draft of Plan of Adjustment for HTA (2.60) . 

Review research from J. Gonzalez on governing law 

issue for CW loan to HTA and HTA statute (.40). Draft 

response to A. Piccirillo regarding governing law issue 

(.20)

3.20 360.00 1,152.00

2/18/22 HDB 215 Commence review of draft HTA Plan of Adjustment. 1.20 330.00 396.00

2/18/22 JEG 215 Research on whether the HTA Enabling Act or other 

related statutes contains provisions preventing a CW loan 

to HTA from being governed by NY law. (1.3). Draft 

email to J. Cacho on research findings. (0.1).

1.40 210.00 294.00

2/22/22 JRC 215 Finalize review of draft loan agreement from CW to 

HTA; (0.6) draft email to A. Piccirillo forwarding same. 

(0.1)

.70 360.00 252.00

2/22/22 HDB 215 Commence review of revised HTA Best Interest Test 

Chart.

.80 330.00 264.00

2/25/22 HDB 215 Continue review of draft HTA Plan of Adjustment. 3.40 330.00 1,122.00

2/28/22 JRC 215 Various emails with A. Weringa of Proskauer regarding 

HTA DS (.20). Review edits proposed by J. Gonzalez to 

document (.50).

.70 360.00 252.00

 TOTAL PROFESSIONAL SERVICES $ 5,856.00 

Less Discount $ -585.60 

 NET PROFESSIONAL SERVICES: $ 5,270.40 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

JOSE R. CACHO 8.70 360.00 3,132.00

HERMANN BAUER 5.40 330.00 1,782.00

CARLOS E. GEORGE .90 265.00 238.50

IVETTE RODRIGUEZ 2.10 185.00 388.50

GONZALEZ ALDARONDO, JOSUE E. 1.50 210.00 315.00

Total 18.60 $ 5,856.00

TOTAL THIS INVOICE $ 5,270.40 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 13 of 75
 February 28, 2022

FOMB IN RE HTA TITLE III

RE: FISCAL PLAN

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 14 of 75
 February 28, 2022

FOMB IN RE HTA TITLE III Bill #: 411035

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

February 28, 2022:

 

Client.Matter: P1703 - 2

RE: FISCAL PLAN

 

Total Professional Services $ 4,669.50

Less Discount $ -466.95 

Net Professional Services $ 4,202.55

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 4,202.55 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 15 of 75
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1703 . 2 

RE: FISCAL PLAN

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

2/01/22 JRC 202 Email exchange with J. Gonzalez, J. Pietrantoni , H. 

Bauer, R. Gonzalez, C. George regarding HTA proposal 

to transfer toll assets to wholly owned subsidiary.

.90 360.00 324.00

2/01/22 RMG 210 Analyze whether a subsidiary formed by HTA may be 

treated as a tax exempt government instrumentality and 

possible arguments for a ruling from PR Treasury 

regarding the same.

.60 350.00 210.00

2/01/22 RMG 202 Email exchange with J. Gonzalez, J. Cacho, H. Bauer, J. 

Pietrantoni, C. George regarding HTA proposal to 

transfer toll assets to wholly owned subsidiary.

.90 350.00 315.00

2/01/22 JP 202 Email exchange with J. Gonzalez, J. Cacho, H. Bauer, R. 

Gonzalez, C. George regarding HTA proposal to transfer 

toll assets to wholly owned subsidiary (0.9); telephone 

conference with F. Bruno (FOMB), R. Ramos (FOMB) 

and J. Gonzalez (O&B) regarding same (0.5); analyze 

HTA law and PREPA law in connection with same 

(0.7).

2.10 360.00 756.00

2/01/22 HDB 210 Review issues regarding TSR proposal to create toll road 

subsidiary. (.2) Review issues regarding process for 

creation of HTA subsidiaries. (.2) Draft e-mail to O&B 

team setting views on issues regarding subsidiaries. (.2) 

Review J. Pietrantoni report and queries arising from

call with J. Pietrantoni, J. Gonzalez, B. Rosen, F. Bruno 

and others. (.2) Review e-mails regarding tax questions 

of potential HTA sub. (.1) Email exchange with J. 

Gonzalez, J. Cacho, J. Pietrantoni, R. Gonzalez, C. 

George regarding HTA proposal to transfer toll assets to 

wholly owned subsidiary (0.9)

1.80 330.00 594.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 16 of 75
 O'Neill & Borges LLC

Bill #: 411035 February 28, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

2/01/22 CEG 202 Email exchange with J. Gonzalez, J. Cacho, H. Bauer, R. 

Gonzalez, J. Pietrantoni regarding HTA proposal to 

transfer toll assets to wholly owned subsidiary (0.9)

.90 265.00 238.50

2/01/22 JLN 212 Review various emails from J. Pietrantoni, J. E. 

Gonzalez and J. R. Cacho regarding whether HTA may 

create subsidiaries.

.30 245.00 73.50

2/01/22 JEG 202 Review email exchanges between T. Mungovan and F. 

Bruno concerning HTA's Fiscal Plan certification legal 

questions. (0.2). Forward same to J. Pietrantoni. (0.1). 

Tel. conf. with J. Pietrantoni, F. Bruno and other FOMB 

representatives to discuss issues related to HTA's legal 

authority to create subsidiaries. (0.5) Email exchange

with J. Pietrantoni, J. Cacho, H. Bauer, R. Gonzalez, C. 

George regarding HTA proposal to transfer toll assets to 

wholly owned subsidiary (0.9)

1.70 210.00 357.00

2/01/22 JEG 202 Review PREPA Enabling Act to identify the provisions 

authorizing the creation of subsidiaries and compare 

same with the provisions of HTA Enabling Act. (0.3). 

Draft email to J. Pietrantoni regarding same. (0.2). At 

the request of J. Pietrantoni, analyze DTOP's 

Reorganization Plan and the powers of said agency over 

HTA. (0.3). At the request of C. Cacho, research on the 

previous versions of the PREPA Enabling Act 

provisions authorizing the creation of subsidiaries before 

the enactment of Acts 17-2019 and 57-2014. (0.4)

1.20 210.00 252.00

2/02/22 JRC 210 Continue analysis of creation of subsidiaries at HTA 

level (.40). Review draft response prepared by J. 

Pietrantoni regarding same (.20).

.60 360.00 216.00

2/02/22 RMG 202 Legal research regarding whether a subsidiary to be 

organized by HTA as a non-profit entity can qualify as 

tax exempt entity.

1.30 350.00 455.00

2/02/22 JP 210 Research whether HTA may create subsidiary and 

transfer its toll road assets to such subsidiary (0.7); email 

exchanges F. Bruno, H. Bauer, R. Gonzalez, J. Cacho, J. 

Gonzalez regarding same (0.5).

1.20 360.00 432.00

2/02/22 JLN 202 Review additional emails and analysis by the O&B team 

regarding creation of subsidiaries by HTA.

.50 245.00 122.50

2/15/22 JP 214 Email exchange with A. Perdiza regarding Act 53. .30 360.00 108.00

2/17/22 JP 214 Draft email to J. Cacho and H. Bauer regarding authority 

of Commonwealth to make loan to HTA.

.30 360.00 108.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 17 of 75
 O'Neill & Borges LLC

Bill #: 411035 February 28, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

3

2/21/22 JP 214 Draft email to J. Cacho, J. Notario and H. Bauer 

regarding authority of Commonwealth to grant a loan to 

HTA.

.30 360.00 108.00

 TOTAL PROFESSIONAL SERVICES $ 4,669.50 

Less Discount $ -466.95 

 NET PROFESSIONAL SERVICES: $ 4,202.55 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

JOSE R. CACHO 1.50 360.00 540.00

ROSA M. GONZALEZ LUGO 2.80 350.00 980.00

JULIO PIETRANTONI 4.20 360.00 1,512.00

HERMANN BAUER 1.80 330.00 594.00

CARLOS E. GEORGE .90 265.00 238.50

JOSE L. NOTARIO TOLL .80 245.00 196.00

GONZALEZ ALDARONDO, JOSUE E. 2.90 210.00 609.00

Total 14.90 $ 4,669.50

TOTAL THIS INVOICE $ 4,202.55 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 18 of 75
UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

--------------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

THE COMMONWEALTH OF PUERTO RICO, et al.

 Debtors.1

PROMESA

Title III 

Case No. 17 BK 3283-LTS

(Jointly Administered)

--------------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

PUERTO RICO HIGHWAYS & TRANSPORTATION 

AUTHORITY,

 Debtor.

PROMESA

Title III 

Case No. 17 BK 3567-LTS

--------------------------------------------------------------------x

COVER SHEET TO FIFTY-NINTH MONTHLY FEE APPLICATION OF 

O’NEILL & BORGES LLC FOR COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO 

THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO 

RICO, AS REPRESENTATIVE OF DEBTOR, PUERTO RICO HIGHWAYS & 

TRANSPORTATION AUTHORITY, FOR THE PERIOD OF 

MARCH 1, 2022 THROUGH MARCH 31, 2022

1

 The Debtors in these jointly-administered Title III Cases, along with each Debtor’s respective Title III case number listed as a 

bankruptcy case number due to software limitations and the last four (4) digits of each Debtor’s federal tax identification number, 

as applicable, are the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax 

ID: 3481); (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four 

Digits of Federal Tax ID: 8474); (iii) Employees Retirement System of the Government of the Commonwealth of Puerto Rico 

(“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax ID: 9686); (iv) Puerto Rico Highways and 

Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) Last Four Digits of Federal Tax ID: 3808); (v) Puerto 

Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747); 

and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-BK-5233-LTS) (Last Four Digits of Federal 

Tax ID: 3801) (Title III Case numbers are listed as Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 19 of 75
Name of applicant O'Neill & Borges LLC (“O&B”)

Authorized to provide professional services 

to:

Financial Oversight and Management 

Board, as Representative for the Debtor 

Pursuant to PROMESA Section 315(b)

Time period covered by this application: March 1, 2022 through March 31, 2022

Amount of compensation sought as actual, 

reasonable and necessary: 

$10,471.50

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$0.00

Total amount for this invoice: $10,471.50

This is a: X monthly ___ interim ___ final application

This is O&B's fifty-ninth monthly fee application in these cases.

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 20 of 75
Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for March 2022. 

/s/ Jaime A. El Koury

Jaime A. El Koury 

General Counsel to the Financial Oversight and 

Management Board for Puerto Rico

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 21 of 75
On August 23, 2022, sent to:

Counsel for the Oversight Board:

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Attn: Martin J. Bienenstock, Esq., 

mbienenstock@proskauer.com

Ehud Barak, Esq., ebarak@proskauer.com

Proskauer Rose LLP

70 West Madison Street, Chicago, IL 60602

Attn: Paul V. Possinger, Esq., 

ppossinger@proskauer.com

Counsel for AAFAF:

O’Melveny & Myers LLP

Times Square Tower, 7 Times Square

New York, NY 10036

Attn: John J. Rapisardi, Esq., jrapisardi@omm.com

Suzzanne Uhland, Esq., suhland@omm.com

Diana M. Pérez, Esq., dperez@omm.com

Counsel for PR Fiscal Agency and Financial 

Advisory Authority:

Marini Pietrantoni Muñiz LLC

MCS Plaza Suite 500, 255 Ponce de León Ave.

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq., 

lmarini@mpmlawpr.com

Carolina Velaz-Rivero, Esq., cvelaz@mpmlawpr.com

Office of the United States Trustee District of PR:

Edif. Ochoa, 500 Tanca Street, Suite 301

San Juan, PR 00901

Re: In re: Commonwealth of Puerto Rico

monsita.lecaroz@usdoj.gov

Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP

200 Park Avenue 

New York, NY 10166

Attn: Luc. A. Despins, Esq., 

lucdespins@paulhastings.com

Casillas, Santiago & Torres, LLC

El Caribe Office Building, 53 Palmeras Street, Suite 

1601

San Juan, PR 00901-2419

Attn: Juan J. Casillas Ayala, Esq., 

jcasillas@cstlawpr.com

Alberto J.E. Añeses Negrón, Esq., 

aaneses@cstlawpr.com

Counsel for the Official Committee of Retired 

Employees:

Bennazar, García & Millian, C.S.P.

Edificio Union Plaza, PH-A Piso 18, 416 Ave. Ponce de 

León

Hato Rey, PR 00918

Attn: A.J. Bennazar-Zequeira, Esq., ajb@bennazar.org

Jenner & Block LLP

919 Third Ave

New York NY 10022

Attn: Robert Gordon, Esq., rgordong@jenner.com

Richard Levin, Esq., rlevin@jenner.com

Jenner & Block LLP

353 N. Clark Street

Chicago, IL 60654

Attn: Catherine Steege, Esq., csteege@jenner.com

Melissa Root, Esq, mroot@jenner.com

PR Department of Treasury:

PO Box 9024140

San Juan, PR 00902-4140

Attn: Reylam Guerra Goderich, Deputy Assistant of 

Central Accounting, Reylam.Guerra@hacienda.pr.gov

Omar E. Rodríguez-Pérez, CPA, Assistant 

Secretary of Central Accounting, 

Rodriguez.Omar@hacienda.pr.gov

Angel L. Pantoja-Rodríguez Deputy Assistant Secretary 

of Internal Revenue and Tax Policy 

angel.pantoja@hacienda.pr.gov

Francisco Parés-Alicea, Secretary of the Treasury, 

Francisco.pares@hacienda.pr.gov

Francisco Pena Montanez, CPA, Assistant Secretary of 

the Treasury, Francisco.Pena@hacienda.pr.gov

Counsel for the Fee Examiner:

EDGE Legal Strategies, PSC

252 Ponce de León Av, Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo, Esq., elugo@edgelegalpr.com

Godfrey & Kahn, S.C.

Onee East Main Street, Suite 500

Madison, WI 53703

Attn: Katherine Stadler, KStadler@gklaw.com

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 22 of 75
Professional Position/Title Department

Hourly 

Billing 

Rate

Total 

Billed 

Hours

Total 

Compensation

Hermann D. Bauer Member Litigation 330.00 3.40 1,122.00 

José R. Cacho Member Corporate 360.00 11.10 3,996.00 

Jose Notario Toll Member Corporate 245.00 0.30 73.50 

Ismael Vicnete Medina Member Corporate 335.00 9.20 3,082.00 

Ubaldo M. Fernandez Barreras Jr. Member Litigation 235.00 0.80 188.00 

Denise Ortiz Torres Jr. Member Corporate 240.00 10.00 2,400.00 

Jose J. Colon Garcia Associate Litigation 185.00 0.60 111.00 

Josué Gonzalez Aldarondo Associate Corporate 210.00 1.30 273.00 

Gabriel Miranda Rivera Associate Litigation 205.00 1.90 389.50 

Totals 38.60 $ 11,635.00

Less: 10% Courtesy discount $ (1,163.50)

$ 10,471.50

SUMMARY OF DISBURSEMENTS $ -

HTA TITLE III 

Summary of Legal Fees for the Period March 1 through March 31, 2022

SUMMARY OF LEGAL FEES

Summary of Disbursements for the Period March 1 through March 31, 2022

Description - Expenses Amounts

HTA TITLE III 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 23 of 75
Task 

Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

202 Legal Research 1.30 273.00

206 Documents Filed on Behalf of the Board 2.50 500.50

210 Analysis and Strategy 2.00 634.50

215 Plan of Adjustment and Disclosure Statement 32.00 10,039.00

224 Fee Applicatios O&B 0.80 188.00

$ 11,635.00

Less: 10% Courtesy Discount $ (1,163.50)

TOTALS 38.60 $ 10,471.50

HTA TITLE III 

Summary of Legal Fees for the Period March 1 through March 31, 2022

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 24 of 75
O&B requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $9,424.35, and reimbursement of one-hundred 

percent (100%) of expenses incurred, in the amount of $0.00) in the total amount 

of $9,424.35.

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 25 of 75
Professional Certification

I hereby certify that no public servant of the Department of Treasury is a party to 

or has any interest in the gains or benefits derived from the contract that is the basis of this 

invoice. The only consideration for providing services under the contract is the payment 

agreed upon with the authorized representatives of the Financial Oversight and 

Management Board for Puerto Rico. The amount of this invoice is reasonable. The services 

were rendered and the corresponding payment has not been made. To the best of my 

knowledge, O’Neill & Borges LLC does not have any debts owed to the Government of 

Puerto Rico or its instrumentalities.

s/Ubaldo M. Fernández

Ubaldo M. Fernández 

O’Neill & Borges LLC

250 Muñoz Rivera Ave., Ste. 800

San Juan, PR 00918-1813

Tel: (787) 282-5786

Fax: (787) 753-8944

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 26 of 75
Exhibit A

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 27 of 75
 March 31, 2022

FOMB IN RE HTA TITLE III

RE: GENERAL

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 28 of 75
 March 31, 2022

FOMB IN RE HTA TITLE III Bill #: 414075

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

March 31, 2022:

 

Client.Matter: P1703 - 0

RE: GENERAL

 

Total Professional Services $ 11,516.00

Less Discount $ -1,151.60 

Net Professional Services $ 10,364.40

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 10,364.40 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 29 of 75
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1703 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

3/01/22 HDB 210 Draft e-mail to J. Cacho and J. Pietrantoni with my 

comments to HTA's best interest chart. (.5) Review 

cases concerning computation of compounded interest 

for eminent domain claims. (.4)

.90 330.00 297.00

3/01/22 JLN 210 Review email from H. D. Bauer regarding HTA Best 

Interest Chart.

.30 245.00 73.50

3/02/22 JRC 215 Analyze and provide comments to draft of HTA's best 

interest test chart sent by Proskauer.

1.40 360.00 504.00

3/02/22 IVM 215 Review updated version of HTA's plan (2.10). Review 

of PR tax disclosure section and proposed edits to same. 

(2.00)

4.10 335.00 1,373.50

3/02/22 DOT 215 Revise PR taxes discussion of HTA's disclosure 

statement based on updated Plan of Adjustment.

5.40 240.00 1,296.00

3/03/22 IVM 215 Review of HTA's tax disclosure statement as of March 

3, 2022.

.80 335.00 268.00

3/04/22 JRC 215 Analysis of revised draft of best HTA's interest test chart 

circulated by Proskauer on March 4, 2022.

1.20 360.00 432.00

3/04/22 HDB 215 Review edits to draft HTA BIT chart by J. Esses. (.3) 

Draft e-mail to J. Esses regarding eminent domain 

issues. (.1)

.40 330.00 132.00

3/04/22 UMF 224 Draft O&B's monthly fee statement for October 2021 in 

the Title III case of HTA.

.30 235.00 70.50

3/07/22 JRC 215 Review issues under updated HTA BIT chart (.30). 

Participate in all hands call to discuss BIT scenarios 

(Proskauer, McKinsey, Citi, etc.) (.90).

1.20 360.00 432.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 30 of 75
 O'Neill & Borges LLC

Bill #: 414075 March 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

3/07/22 IVM 215 Review of HTA's proposed PR tax disclosure as of 

March 7, 2022.

.70 335.00 234.50

3/07/22 HDB 215 Tel. conf with J. Levitan, M. Volin and Proskauer, O. 

Shah, Reuven Klein, D. Barr and others from McKinsey, 

J. Cacho and others regarding HTA Best Interest Test 

analysis.

.90 330.00 297.00

3/07/22 DOT 215 Revise updated HTA Plan of Adjustment for purposes of 

updating PR taxes discussion of disclosure statement 

accordingly.

3.30 240.00 792.00

3/10/22 JRC 215 Analyze request from J. Esses of Proskauer regarding 

interagency agreement between DTOP and HTA for 

maintenance of roads (.40).

.40 360.00 144.00

3/10/22 IVM 215 Review of changes to HTA plan adjustment in March 

10, 2022 version of same.

1.20 335.00 402.00

3/10/22 GMR 206 Review the Urgent motion for an Order Directing the 

Fiscal Agent to Disburse the Disputed Funds in the HTA 

Bond Service Accounts, Redemption Accounts, and 

Reserve Accounts, in anticipation to its filing.

.30 205.00 61.50

3/10/22 GMR 206 File the Urgent motion for an Order Directing the Fiscal 

Agent to Disburse the Disputed Funds in the HTA Bond 

Service Accounts, Redemption Accounts, and Reserve 

Accounts, through the court's electronic filing system in 

case no. 17-3567.

.20 205.00 41.00

3/10/22 GMR 206 File the Urgent motion for an Order Directing the Fiscal 

Agent to Disburse the Disputed Funds in the HTA Bond 

Service Accounts, Redemption Accounts, and Reserve 

Accounts, through the court's electronic filing system in 

case no. 17-155, 17-156, and 17-159.

.40 205.00 82.00

3/11/22 JRC 215 Exchange emails with J. Pietrantoni regarding agreement 

to maintain roads between HTA and DTOP (.20). 

Exchange emails with J. Gonzalez regarding research to 

be conducted on such interagency agreement (.20).

.40 360.00 144.00

3/11/22 JJC 206 File the Notice of Filing Amended and Restated 

Stipulation and Agreed Order Regarding the Disputed 

Funds in the HTA Bond Service Accounts, Redemption 

Accounts and Reserve Accounts through the court's 

electronic filing system in Case No. 17-3567.

.20 185.00 37.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 31 of 75
 O'Neill & Borges LLC

Bill #: 414075 March 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

3

3/12/22 JJC 206 File the Reply of the Financial Oversight and 

Management Board for Puerto Rico in Support of 

Urgent Motion for an Order Directing the Fiscal Agent 

to Disburse the Disputed Funds in the HTA Bond 

Service Accounts, Redemption Accounts, and Reserve 

Accounts through the court's electronic filing system in 

Case No. 17-3567.

.20 185.00 37.00

3/14/22 JRC 215 Analyze emails from Proskauer and Citi regarding issue 

of prepayment of CW loan to HTA (.30).

.30 360.00 108.00

3/14/22 IVM 215 Review the HTA plan of adjustment and tax disclosure 

as of March 14, 2022.

1.10 335.00 368.50

3/14/22 GMR 206 Review the Supplemental Reply in Support of the 

Urgent motion for an Order Directing the Fiscal Agent 

to Disburse the Disputed Funds in the HTA Bond 

Service Accounts, Redemption Accounts, and Reserve 

Accounts, in anticipation to its filing.

.10 205.00 20.50

3/14/22 GMR 206 File the Supplemental Reply in Support of the Urgent 

motion for an Order Directing the Fiscal Agent to 

Disburse the Disputed Funds in the HTA Bond Service 

Accounts, Redemption Accounts, and Reserve 

Accounts, through the court's electronic filing system in 

Case No. 17-3567,17-ap-155, 17-ap-156, and 17-ap-159.

.50 205.00 102.50

3/15/22 JRC 215 Analyze the revised draft of CW loan to HTA to allow 

HTA to pay claims on confirmation date (.80).

.80 360.00 288.00

3/15/22 JRC 215 Review interagency agreement between DTOP and HTA 

for maintenance of roads (1.60). Emails exchange with J. 

Gonzalez regarding same (.20). Participate in conference 

call with Proskauer and McKinsey to discuss HTA 

memo on legal assumptions (.50). Analyzed updated 

memo (.40).

2.70 360.00 972.00

3/15/22 DOT 215 Revise the HTA updated Plan of Adjustment as of 

March 15, 2022 for purposes of updating PR taxes 

discussion of disclosure statement accordingly.

1.30 240.00 312.00

3/15/22 JEG 202 Conduct research on HTA agreement with the 

Department of Transportation and Public Works 

described in HTA's 1968 Resolution. (1.2). Draft email 

to J. Cacho with research findings. (0.1)

1.30 210.00 273.00

3/16/22 IVM 215 Review of PR tax disclosure in the HTA POA as of 

March 16, 2022.

.60 335.00 201.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 32 of 75
 O'Neill & Borges LLC

Bill #: 414075 March 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

4

3/17/22 JRC 215 Analyze revised HTA legal assumptions memo (.40). 

Analyze questions raised by McKinsey regarding same 

(.40). Participate in conference call with Proskauer y 

McKinsey to discuss topics (.50).

1.30 360.00 468.00

3/17/22 HDB 210 Review revised HTA BIT assumptions chart. (0.4) Tel. 

conf. with J. Levittan, Proskauer, J. Cacho, D. Barra and 

the McKinsey team regarding BIT. (0.4)

.80 330.00 264.00

3/17/22 UMF 224 Draft O&B's monthly fee statement for November 2021 

in the Title III case of the HTA.

.30 235.00 70.50

3/17/22 UMF 224 Draft O&B's monthly fee statement for December 2021 

in the Title III case of the HTA.

.20 235.00 47.00

3/18/22 JRC 215 Draft email to PMA regarding interagency agreement 

between DTOP and HTA.

.20 360.00 72.00

3/21/22 JRC 215 Emails exchange with E. Arias of PMA regarding 

interagency agreement between DTOP and HTA 

regarding road maintenance (0.3). Emails exchange with 

J. Levitan of Proskauer and others regarding suggestions 

to locate agreement through other sources (.20).

.50 360.00 180.00

3/28/22 JRC 215 Review revised BIT memo for HTA as of March 28, 

2022 (.30). Participate in all hands call with Proskauer 

and McKenzie to discuss pending issues (.40).

.70 360.00 252.00

3/28/22 HDB 215 Join weekly HTA BIT call with O. Shah and McKinsey, 

J. Esses and Proskauer and J. Cacho, among others.

.40 330.00 132.00

3/30/22 IVM 215 Review recent edits to the HTA plan of adjustment as of 

March 30, 2022.

.70 335.00 234.50

 TOTAL PROFESSIONAL SERVICES $ 11,516.00 

Less Discount $ -1,151.60 

 NET PROFESSIONAL SERVICES: $ 10,364.40 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

JOSE R. CACHO 11.10 360.00 3,996.00

ISMAEL VICENTY MEDINA 9.20 335.00 3,082.00

HERMANN BAUER 3.40 330.00 1,122.00

JOSE L. NOTARIO TOLL .30 245.00 73.50

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 33 of 75
 O'Neill & Borges LLC

Bill #: 414075 March 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

5

DENISSE ORTIZ TORRES 10.00 240.00 2,400.00

UBALDO M. FERNANDEZ BARRERA .80 235.00 188.00

GABRIEL MIRANDA RIVERA 1.50 205.00 307.50

GONZALEZ ALDARONDO, JOSUE E. 1.30 210.00 273.00

J. COLON GARCIA .40 185.00 74.00

Total 38.00 $ 11,516.00

TOTAL THIS INVOICE $ 10,364.40 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 34 of 75
 March 31, 2022

FOMB IN RE HTA TITLE III

RE: 17-00151-LTS PEAJE INVESTMENT, LLC V. PR HTA ET AL-CGB

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 35 of 75
 March 31, 2022

FOMB IN RE HTA TITLE III Bill #: 414076

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

March 31, 2022:

 

Client.Matter: P1703 - 801

RE: 17-00151-LTS PEAJE INVESTMENT, LLC V. PR HTA ET AL-CGB

 

Total Professional Services $ 119.00

Less Discount $ -11.90 

Net Professional Services $ 107.10

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 107.10 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 36 of 75
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1703 . 801 

RE: 17-00151-LTS PEAJE INVESTMENT, LLC V. PR HTA ET AL-CGB

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

3/10/22 GMR 206 File the Urgent motion for an Order Directing the Fiscal 

Agent to Disburse the Disputed Funds in the HTA Bond 

Service Accounts, Redemption Accounts, and Reserve 

Accounts, through the court's electronic filing system in 

case no. 17-151.

.20 205.00 41.00

3/11/22 JJC 206 File Notice of Filing Amended and Restated Stipulation 

and Agreed Order Regarding the Disputed Funds in the 

HTA Bond Service Accounts, Redemption Accounts and 

Reserve Accounts through the court's electronic filing 

system in Adv. Proc. 17-151.

.20 185.00 37.00

3/14/22 GMR 206 File the Supplemental Reply in Support of the Urgent 

motion for an Order Directing the Fiscal Agent to 

Disburse the Disputed Funds in the HTA Bond Service 

Accounts, Redemption Accounts, and Reserve 

Accounts, through the court's electronic filing system in 

Case No. 17-ap-151.

.20 205.00 41.00

 TOTAL PROFESSIONAL SERVICES $ 119.00 

Less Discount $ -11.90 

 NET PROFESSIONAL SERVICES: $ 107.10 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

GABRIEL MIRANDA RIVERA .40 205.00 82.00

J. COLON GARCIA .20 185.00 37.00

Total .60 $ 119.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 37 of 75
 O'Neill & Borges LLC

Bill #: 414076 March 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

TOTAL THIS INVOICE $ 107.10 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 38 of 75
UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

--------------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

THE COMMONWEALTH OF PUERTO RICO, et al.

 Debtors.1

PROMESA

Title III 

Case No. 17 BK 3283-LTS

(Jointly Administered)

--------------------------------------------------------------------x 

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

PUERTO RICO HIGHWAYS & TRANSPORTATION 

AUTHORITY,

 Debtor. 

PROMESA

Title III 

Case No. 17 BK 3567-LTS

--------------------------------------------------------------------x 

COVER SHEET TO SIXTIETH MONTHLY FEE APPLICATION OF 

O’NEILL & BORGES LLC FOR COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO 

THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO 

RICO, AS REPRESENTATIVE OF DEBTOR, PUERTO RICO HIGHWAYS & 

TRANSPORTATION AUTHORITY, FOR THE PERIOD OF 

APRIL 1, 2022 THROUGH APRIL 30, 2022 

1

 The Debtors in these jointly-administered Title III Cases, along with each Debtor’s respective Title III case number listed as a 

bankruptcy case number due to software limitations and the last four (4) digits of each Debtor’s federal tax identification number, 

as applicable, are the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax 

ID: 3481); (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four 

Digits of Federal Tax ID: 8474); (iii) Employees Retirement System of the Government of the Commonwealth of Puerto Rico 

(“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax ID: 9686); (iv) Puerto Rico Highways and 

Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) Last Four Digits of Federal Tax ID: 3808); (v) Puerto 

Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747); 

and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-BK-5233-LTS) (Last Four Digits of Federal 

Tax ID: 3801) (Title III Case numbers are listed as Bankruptcy Case numbers due to software limitations). 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 39 of 75
Name of applicant O'Neill & Borges LLC (“O&B”)

Authorized to provide professional services 

to: 

Financial Oversight and Management 

Board, as Representative for the Debtor 

Pursuant to PROMESA Section 315(b) 

Time period covered by this application: April 1, 2022 through April 30, 2022

Amount of compensation sought as actual, 

reasonable and necessary: 

$14,559.75

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$0.00

Total amount for this invoice: $14,559.75

This is a: X monthly ___ interim ___ final application

This is O&B's sixtieth monthly fee application in these cases.

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 40 of 75
Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for April 2022. 

____________________

Jaime A. El Koury 

General Counsel to the Financial Oversight and 

Management Board for Puerto Rico 

/s/ Jaime A. El Koury 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 41 of 75
On November 17, 2022, sent to: 

Counsel for the Oversight Board:

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Attn: Martin J. Bienenstock, Esq., 

mbienenstock@proskauer.com

Ehud Barak, Esq., ebarak@proskauer.com

Proskauer Rose LLP

70 West Madison Street, Chicago, IL 60602

Attn: Paul V. Possinger, Esq., 

ppossinger@proskauer.com

Counsel for AAFAF: 

O’Melveny & Myers LLP

Times Square Tower, 7 Times Square

New York, NY 10036

Attn: John J. Rapisardi, Esq., jrapisardi@omm.com

Suzzanne Uhland, Esq., suhland@omm.com

Diana M. Pérez, Esq., dperez@omm.com

Counsel for PR Fiscal Agency and Financial 

Advisory Authority: 

Marini Pietrantoni Muñiz LLC

MCS Plaza Suite 500, 255 Ponce de León Ave.

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq., 

lmarini@mpmlawpr.com

Carolina Velaz-Rivero, Esq., cvelaz@mpmlawpr.com

Office of the United States Trustee District of PR:

Edif. Ochoa, 500 Tanca Street, Suite 301

San Juan, PR 00901

Re: In re: Commonwealth of Puerto Rico

monsita.lecaroz@usdoj.gov

Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP

200 Park Avenue 

New York, NY 10166

Attn: Luc. A. Despins, Esq., 

lucdespins@paulhastings.com

Casillas, Santiago & Torres, LLC

El Caribe Office Building, 53 Palmeras Street, Suite 

1601

San Juan, PR 00901-2419

Attn: Juan J. Casillas Ayala, Esq., 

jcasillas@cstlawpr.com

Alberto J.E. Añeses Negrón, Esq., 

aaneses@cstlawpr.com

Counsel for the Official Committee of Retired 

Employees:

Bennazar, García & Millian, C.S.P.

Edificio Union Plaza, PH-A Piso 18, 416 Ave. Ponce de 

León

Hato Rey, PR 00918

Attn: A.J. Bennazar-Zequeira, Esq., ajb@bennazar.org

Jenner & Block LLP

919 Third Ave

New York NY 10022

Attn: Robert Gordon, Esq., rgordong@jenner.com

Richard Levin, Esq., rlevin@jenner.com

Jenner & Block LLP

353 N. Clark Street

Chicago, IL 60654

Attn: Catherine Steege, Esq., csteege@jenner.com

Melissa Root, Esq, mroot@jenner.com

PR Department of Treasury: 

PO Box 9024140

San Juan, PR 00902-4140

Attn: Reylam Guerra Goderich, Deputy Assistant of 

Central Accounting, Reylam.Guerra@hacienda.pr.gov

Omar E. Rodríguez-Pérez, CPA, Assistant 

Secretary of Central Accounting, 

Rodriguez.Omar@hacienda.pr.gov

Angel L. Pantoja-Rodríguez Deputy Assistant Secretary 

of Internal Revenue and Tax Policy 

angel.pantoja@hacienda.pr.gov

Francisco Parés-Alicea, Secretary of the Treasury, 

Francisco.pares@hacienda.pr.gov

Francisco Pena Montanez, CPA, Assistant Secretary of 

the Treasury, Francisco.Pena@hacienda.pr.gov

Counsel for the Fee Examiner:

EDGE Legal Strategies, PSC

252 Ponce de León Av, Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo, Esq., elugo@edgelegalpr.com

Godfrey & Kahn, S.C.

Onee East Main Street, Suite 500

Madison, WI 53703

Attn: Katherine Stadler, KStadler@gklaw.com

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 42 of 75
Professional Position/Title Department Hourly 

Billing Rate

 Total 

Billed 

Hours 

Total 

Compensation

Hermann D. Bauer Member Litigation 330.00 13.50 4,455.00 

Jose R. Cacho Member Corporate 360.00 18.50 6,660.00 

Ismael Vicenty Medina Member Corporate 335.00 7.70 2,579.50 

Denisse Ortiz Torres Jr. Member Corporate 240.00 7.90 1,896.00 

Gabriel Miranda Rivera Associate Litigation 205.00 2.30 471.50 

Vanessa Sanchez Paralegal Litigation 165.00 0.70 115.50 

Totals 50.60 16,177.50 $ 

Less: 10% Courtesy discount $ (1,617.75)

$ 14,559.75

 Amounts 

Totals

SUMMARY OF DISBURSEMENTS $ - 

HTA TITLE III 

Summary of Legal Fees for the Period April 1 through April 30, 2022

SUMMARY OF LEGAL FEES

Description - Expenses

COMMONWEALTH OF PR TITLE III

Summary of Disbursements for the Period April 1 through April 30, 2022

Duplicating

Task 

Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

215 Plan of Adjustment and Disclosure Statement 49.90 16,062.00

219 Docketing 0.10 16.50

224 Fee Application O&B 0.60 99.00

$ 16,177.50

Less: 10% Courtesy discount $ (1,617.75)

TOTALS 50.60 14,559.75 $ 

Summary of Legal Fees for the Period April 1 through April 30, 2022

HTA TITLE III 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 43 of 75
O&B requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $13,103.78, and reimbursement of one-hundred 

percent (100%) of expenses incurred, in the amount of $0.00) in the total amount 

of $13,103.78. 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 44 of 75
Professional Certification 

I hereby certify that no public servant of the Department of Treasury is a party to 

or has any interest in the gains or benefits derived from the contract that is the basis of this 

invoice. The only consideration for providing services under the contract is the payment 

agreed upon with the authorized representatives of the Financial Oversight and 

Management Board for Puerto Rico. The amount of this invoice is reasonable. The services 

were rendered and the corresponding payment has not been made. To the best of my 

knowledge, O’Neill & Borges LLC does not have any debts owed to the Government of 

Puerto Rico or its instrumentalities.

s/Ubaldo M. Fernández

Ubaldo M. Fernández 

O’Neill & Borges LLC 

250 Muñoz Rivera Ave., Ste. 800 

San Juan, PR 00918-1813 

Tel: (787) 282-5786 

Fax: (787) 753-8944 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 45 of 75
Exhibit A

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 46 of 75
 April 30, 2022 

FOMB IN RE HTA TITLE III 

RE: GENERAL

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours, 

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 47 of 75
 April 30, 2022 

FOMB IN RE HTA TITLE III Bill #: 417152 

 Billing Attorney: CGB 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending 

April 30, 2022: 

Client.Matter: P1703 - 0

RE: GENERAL

Total Professional Services $ 16,177.50 

Less Discount $ -1,617.75 

Net Professional Services $ 14,559.75 

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 14,559.75 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 48 of 75
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1 

Client.Matter: P1703 . 0 

RE: GENERAL

 PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

4/01/22 VSN 224 As requested by U. Fernandez, prepare exhibits for the 

O&B fifty-fourth monthly fee application for the HTA 

Title III, case no. 17-3567, for attorney review.

.20 165.00 33.00

4/01/22 VSN 224 As requested by U. Fernandez, prepare exhibits for the 

O&B fifty-fifth monthly fee application for the HTA 

Title III, case no. 17-3567, for attorney review.

.20 165.00 33.00

4/01/22 VSN 224 As requested by U. Fernandez, prepare exhibits for the 

O&B fifty-sixth monthly fee application for the HTA 

Title III, case no. 17-3567, for attorney review.

.20 165.00 33.00

4/11/22 VSN 219 Docket court notice received by email dated April 11, 

2022, order Dkt. 1161, the deadline to file a response 

and reply. - H. D. Bauer and U. Fernandez.

.10 165.00 16.50

4/13/22 DOT 215 Revise PR Tax discussion of Disclosure Statement based 

on updated version of the HTA Plan of Adjustment.

5.30 240.00 1,272.00

4/18/22 IVM 215 Review HTA plan of adjustment to analyze tax matters 

related to taxation of creditors.

1.50 335.00 502.50

4/19/22 IVM 215 Continued review of HTA plan of adjustment (1.20). 

Draft proposed edits to PR tax section included in same. 

(1.40)

3.60 335.00 1,206.00

4/20/22 IVM 215 Review HTA plan of adjustment to address of revised 

impact on tax section.

1.30 335.00 435.50

4/20/22 DOT 215 Revise PR tax discussion of Disclosure Statement based 

on revised Plan.

1.20 240.00 288.00

4/25/22 JRC 215 Commence review of April 2022 draft of HTA 

Disclosure Statement.

1.30 360.00 468.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 49 of 75
 O'Neill & Borges LLC 

Bill #: 417152 April 30, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE 

2

4/25/22 JRC 215 Continue review of April 2022 HTA Disclosure 

Schedule.

1.40 360.00 504.00

4/25/22 HDB 215 Review issues regarding timing of filing of HTA Plan of 

Adjustment and Disclosure Statement.

.30 330.00 99.00

4/25/22 DOT 215 Revise updated plan in connection with PR tax 

discussion of disclosure statement.

.90 240.00 216.00

4/25/22 GMR 215 Review the April 2022 drafts of the HTA plan, 

disclosure statement, disclosure statement approval 

motion, scheduling motion, and discovery motion.

2.30 205.00 471.50

4/26/22 JRC 215 Continue analysis and review of April 2022 draft of 

HTA Disclosure Schedule.

3.20 360.00 1,152.00

4/26/22 IVM 215 Review proposed edits to HTA plan of adjustment and 

impact on tax section.

.70 335.00 234.50

4/26/22 HDB 215 Commence review of April 2022 draft HTA Disclosure 

Statement.

4.80 330.00 1,584.00

4/27/22 JRC 215 Continue review and examination of HTA draft 

Disclosure Statement as of April 2022.

4.20 360.00 1,512.00

4/27/22 HDB 215 Continue review of HTA disclosure statement. (.7) 

Commence review of updated draft of the HTA Plan of 

Adjustment. (3.6)

4.30 330.00 1,419.00

4/27/22 DOT 215 Revise updated plan in connection with PR tax 

discussion of disclosure statement.

.50 240.00 120.00

4/28/22 JRC 215 Finalize review of HTA Disclosure statement (2.80). 

Commence review of the April 2022 HTA POA (3.40)

6.20 360.00 2,232.00

4/28/22 HDB 215 Continue review of proposed Plan of Adjustment for 

HTA. (.1.2) Revise Order (I) Approving Disclosure 

Statement, (II) Fixing Voting Record Date, (III) 

Approving Confirmation Hearing Notice and 

Confirmation Schedule, (IV) Approving Solicitation 

Packages and Distribution Procedures, (v) Approving 

Forms of Ballots, and Voting and Election Procedures, 

(vi) Approving Notice of Non-Voting Status, (vii) 

Fixing Voting, Election, and Confirmation Deadlines, 

and (viii) Approving Vote Tabulation Procedures (.8) 

Revise draft Order. (.4)

2.40 330.00 792.00

4/29/22 JRC 215 Finalize review of April 2022 draft of HTA Plan of 

Adjustment.

2.20 360.00 792.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 50 of 75
 O'Neill & Borges LLC 

Bill #: 417152 April 30, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE 

3

4/29/22 IVM 215 Review edits to HTA plan of adjustment by the O&B 

team.

.60 335.00 201.00

4/29/22 HDB 215 Revise HTA's Motion for and Order Establishing 

Procedures and Deadlines Concerning Objection to 

Confirmation and Discovery. (.6) Review Motion for an 

Order (i) scheduling a Disclosure Statement Hearing to 

consider the adequacy of the information contained in 

the Disclosure Statement, (ii) establishing a deadline by 

which objections to the adequacy of the Disclosure 

Statement and replies thereto must be filed, (iii) 

approving the form of notice of the Disclosure Statement 

Hearing and related deadlines, (iv) establishing 

document depository procedures in connection 

therewith, and (v) granting related relief. (.5) Review 

issues regarding check list of filings as per Proskauer. 

(.3)

1.40 330.00 462.00

4/30/22 HDB 215 Review filing checklist for HTA Plan and Disclosure 

Statement.

.30 330.00 99.00

 TOTAL PROFESSIONAL SERVICES $ 16,177.50 

Less Discount $ -1,617.75 

 NET PROFESSIONAL SERVICES: $ 14,559.75 

SUMMARY OF PROFESSIONAL SERVICES 

Name Hours Rate Total

JOSE R. CACHO 18.50 360.00 6,660.00

ISMAEL VICENTY MEDINA 7.70 335.00 2,579.50

HERMANN BAUER 13.50 330.00 4,455.00

DENISSE ORTIZ TORRES 7.90 240.00 1,896.00

GABRIEL MIRANDA RIVERA 2.30 205.00 471.50

VANESSA SANCHEZ .70 165.00 115.50

Total 50.60 $ 16,177.50

TOTAL THIS INVOICE $ 14,559.75 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 51 of 75
UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

--------------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

THE COMMONWEALTH OF PUERTO RICO, et al.

 Debtors.1

PROMESA

Title III 

Case No. 17 BK 3283-LTS

(Jointly Administered)

--------------------------------------------------------------------x 

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of

PUERTO RICO HIGHWAYS & TRANSPORTATION 

AUTHORITY,

 Debtor. 

PROMESA

Title III 

Case No. 17 BK 3567-LTS

--------------------------------------------------------------------x 

COVER SHEET TO SIXTY-FIRST MONTHLY FEE APPLICATION OF 

O’NEILL & BORGES LLC FOR COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO 

THE FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO 

RICO, AS REPRESENTATIVE OF DEBTOR, PUERTO RICO HIGHWAYS & 

TRANSPORTATION AUTHORITY, FOR THE PERIOD OF 

MAY 1, 2022 THROUGH MAY 31, 2022 

1 The Debtors in these jointly-administered Title III Cases, along with each Debtor’s respective Title III case number listed as a 

bankruptcy case number due to software limitations and the last four (4) digits of each Debtor’s federal tax identification number, 

as applicable, are the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax 

ID: 3481); (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four 

Digits of Federal Tax ID: 8474); (iii) Employees Retirement System of the Government of the Commonwealth of Puerto Rico 

(“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax ID: 9686); (iv) Puerto Rico Highways and 

Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) Last Four Digits of Federal Tax ID: 3808); (v) Puerto 

Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747); 

and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-BK-5233-LTS) (Last Four Digits of Federal 

Tax ID: 3801) (Title III Case numbers are listed as Bankruptcy Case numbers due to software limitations). 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 52 of 75
Name of applicant O'Neill & Borges LLC (“O&B”)

Authorized to provide professional services 

to: 

Financial Oversight and Management 

Board, as Representative for the Debtor 

Pursuant to PROMESA Section 315(b) 

Time period covered by this application: May 1, 2022 through May 31, 2022

Amount of compensation sought as actual, 

reasonable and necessary: 

$8,257.50

Amount of expense reimbursement sought 

as actual, reasonable and necessary: 

$0.00

Total amount for this invoice: $8,257.50

This is a: X monthly ___ interim ___ final application

This is O&B's sixty-first monthly fee application in these cases.

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 53 of 75
Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for May 2022. 

____________________

Jaime A. El Koury 

General Counsel to the Financial Oversight and 

Management Board for Puerto Rico 

/s/ Jaime A. El Koury

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 54 of 75
On November 17, 2022, sent to: 

Counsel for the Oversight Board:

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Attn: Martin J. Bienenstock, Esq., 

mbienenstock@proskauer.com

Ehud Barak, Esq., ebarak@proskauer.com

Proskauer Rose LLP

70 West Madison Street, Chicago, IL 60602

Attn: Paul V. Possinger, Esq., 

ppossinger@proskauer.com

Counsel for AAFAF: 

O’Melveny & Myers LLP

Times Square Tower, 7 Times Square

New York, NY 10036

Attn: John J. Rapisardi, Esq., jrapisardi@omm.com

Suzzanne Uhland, Esq., suhland@omm.com

Diana M. Pérez, Esq., dperez@omm.com

Counsel for PR Fiscal Agency and Financial 

Advisory Authority: 

Marini Pietrantoni Muñiz LLC

MCS Plaza Suite 500, 255 Ponce de León Ave.

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq., 

lmarini@mpmlawpr.com

Carolina Velaz-Rivero, Esq., cvelaz@mpmlawpr.com

Office of the United States Trustee District of PR:

Edif. Ochoa, 500 Tanca Street, Suite 301

San Juan, PR 00901

Re: In re: Commonwealth of Puerto Rico

monsita.lecaroz@usdoj.gov

Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP

200 Park Avenue 

New York, NY 10166

Attn: Luc. A. Despins, Esq., 

lucdespins@paulhastings.com

Casillas, Santiago & Torres, LLC

El Caribe Office Building, 53 Palmeras Street, Suite 

1601

San Juan, PR 00901-2419

Attn: Juan J. Casillas Ayala, Esq., 

jcasillas@cstlawpr.com

Alberto J.E. Añeses Negrón, Esq., 

aaneses@cstlawpr.com

Counsel for the Official Committee of Retired 

Employees:

Bennazar, García & Millian, C.S.P.

Edificio Union Plaza, PH-A Piso 18, 416 Ave. Ponce de 

León

Hato Rey, PR 00918

Attn: A.J. Bennazar-Zequeira, Esq., ajb@bennazar.org

Jenner & Block LLP

919 Third Ave

New York NY 10022

Attn: Robert Gordon, Esq., rgordong@jenner.com

Richard Levin, Esq., rlevin@jenner.com

Jenner & Block LLP

353 N. Clark Street

Chicago, IL 60654

Attn: Catherine Steege, Esq., csteege@jenner.com

Melissa Root, Esq, mroot@jenner.com

PR Department of Treasury: 

PO Box 9024140

San Juan, PR 00902-4140

Attn: Reylam Guerra Goderich, Deputy Assistant of 

Central Accounting, Reylam.Guerra@hacienda.pr.gov

Omar E. Rodríguez-Pérez, CPA, Assistant 

Secretary of Central Accounting, 

Rodriguez.Omar@hacienda.pr.gov

Angel L. Pantoja-Rodríguez Deputy Assistant Secretary 

of Internal Revenue and Tax Policy 

angel.pantoja@hacienda.pr.gov

Francisco Parés-Alicea, Secretary of the Treasury, 

Francisco.pares@hacienda.pr.gov

Francisco Pena Montanez, CPA, Assistant Secretary of 

the Treasury, Francisco.Pena@hacienda.pr.gov

Counsel for the Fee Examiner:

EDGE Legal Strategies, PSC

252 Ponce de León Av, Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo, Esq., elugo@edgelegalpr.com

Godfrey & Kahn, S.C.

Onee East Main Street, Suite 500

Madison, WI 53703

Attn: Katherine Stadler, KStadler@gklaw.com

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 55 of 75
Professional Position/Title Department Hourly 

Billing Rate

 Total 

Billed 

Hours 

Total 

Compensation

Hermann D. Bauer Member Litigation 330.00 9.30 3,069.00 

Jose R. Cacho Member Corporate 360.00 11.30 4,068.00 

Carla Garcia Benitez Member Litigation 345.00 0.90 310.50 

Jose L Colon Garcia Associate Litigation 185.00 2.60 481.00 

Gabriel Miranda Rivera Associate Litigation 205.00 6.00 1,230.00 

Vanessa Sanchez Paralegal Litigation 165.00 0.10 16.50 

Totals 30.20 $ 9,175.00

Less: 10% Courtesy discount $ (917.50)

$ 8,257.50

 Amounts 

Totals

SUMMARY OF DISBURSEMENTS $ - 

HTA TITLE III 

Summary of Legal Fees for the Period May 1 through May 31, 2022

SUMMARY OF LEGAL FEES

Description - Expenses

COMMONWEALTH OF PR TITLE III

Summary of Disbursements for the Period May 1 through May 31, 2022

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 56 of 75
Task 

Code Matter Description

Total 

Billed 

Hours

Total Fees 

Requested

202 Legal Reserch 0.90 310.50

206 Documents Filed on Behalf of the Board 4.90 1,015.00

209 Adversay Proceeding 0.20 66.00

215 Plan of Adjustment and Disclosure Statement 23.50 7,569.00

219 Docketing 0.10 16.50

222 Claims and Claims Objections 0.60 198.00

$ 9,175.00

Less: 10% Courtesy discount $ (917.50)

TOTALS 30.20 8,257.50 $ 

Summary of Legal Fees for the Period May 1 through May 31, 2022

HTA TITLE III 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 57 of 75
O&B requests payment and reimbursement in accordance with the procedures set 

forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $7,431.75, and reimbursement of one-hundred 

percent (100%) of expenses incurred, in the amount of $0.00) in the total amount 

of $7,431.75. 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 58 of 75
Professional Certification 

I hereby certify that no public servant of the Department of Treasury is a party to 

or has any interest in the gains or benefits derived from the contract that is the basis of this 

invoice. The only consideration for providing services under the contract is the payment 

agreed upon with the authorized representatives of the Financial Oversight and 

Management Board for Puerto Rico. The amount of this invoice is reasonable. The services 

were rendered and the corresponding payment has not been made. To the best of my 

knowledge, O’Neill & Borges LLC does not have any debts owed to the Government of 

Puerto Rico or its instrumentalities.

s/Ubaldo M. Fernández

Ubaldo M. Fernández 

O’Neill & Borges LLC 

250 Muñoz Rivera Ave., Ste. 800 

San Juan, PR 00918-1813 

Tel: (787) 282-5786 

Fax: (787) 753-8944 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 59 of 75
Exhibit A

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 60 of 75
 May 31, 2022

FOMB IN RE HTA TITLE III

RE: GENERAL

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 61 of 75
 May 31, 2022

FOMB IN RE HTA TITLE III Bill #: 418947

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

May 31, 2022:

 

Client.Matter: P1703 - 0

RE: GENERAL

 

Total Professional Services $ 8,961.00

Less Discount $ -896.10 

Net Professional Services $ 8,064.90

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 8,064.90 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 62 of 75
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1703 . 0 

RE: GENERAL

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

5/02/22 JRC 215 Analyze final version of HTA PoA as filed. 1.60 360.00 576.00

5/02/22 HDB 215 Review final version of HTA Plan. (.7) Revise final 

version of HTA Disclosure Statement. (1.1) .Revise final 

version of DS Approval Motion. (.5) Review exhibits to 

Disclosure Statement. (.6) Review logistical issues 

regarding filing Plan and Disclosure Statement. (.3)

3.20 330.00 1,056.00

5/02/22 HDB 215 Review the Limited Objection of Official Committee of 

Unsecured Creditors to Proposed Scheduling Order With 

Respect to Approval of Depository Procedures 

Requested in Urgent Motion of Puerto Rico Highways 

and Transportation Authority for Order (I) Scheduling 

Hearing to Consider Adequacy of Information 

Contained in Disclosure Statement, (II) Establishing 

Deadline for Filing Objections to Disclosure Statement 

and Replies Thereto, (III) Approving Form and Manner 

of Notice Thereof, (IV) Establishing Document 

Depository Procedures in Connection Therewith, and 

(V) Granting Related Relief.

.20 330.00 66.00

5/02/22 GMR 215 Review the final version of the Title III Plan of 

Adjustment of the Puerto Rico Highways and 

Transportation Authority, in anticipation to its filing.

.40 205.00 82.00

5/02/22 GMR 215 File the Title III Plan of Adjustment of the Puerto Rico 

Highways and Transportation Authority, through the 

court's electronic filing system in Case No. 17-3567.

.20 205.00 41.00

5/02/22 GMR 215 Review the final draft of the Disclosure Statement for 

the Title III Plan of Adjustment for the Puerto Rico

Highways and Transportation Authority, in anticipation 

to its filing.

.50 205.00 102.50

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 63 of 75
 O'Neill & Borges LLC

Bill #: 418947 May 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

5/02/22 GMR 215 File the Disclosure Statement for the Title III Plan of 

Adjustment for the Puerto Rico Highways and 

Transportation Authority, through the court's electronic 

filing system in Case No. 17-3567.

.30 205.00 61.50

5/02/22 GMR 215 Review the Urgent motion of Puerto Rico Highways and 

Transportation Authority for an Order (I) Scheduling a 

Hearing to Consider the Adequacy of Information 

Contained in the Disclosure Statement, (II) Establishing 

the Deadline for Filing Objections to the Disclosure 

Statement and Replies Thereto; (III) Approving Form 

and Manner of Notice Thereof, (IV) Establishing 

Document Depository Procedures in Connection 

Therewith, and (V) Granting Related Relief, in 

anticipation to its filing.

.30 205.00 61.50

5/02/22 GMR 215 File the Urgent motion of Puerto Rico Highways and 

Transportation Authority for an Order (I) Scheduling a 

Hearing to Consider the Adequacy of Information 

Contained in the Disclosure Statement, (II) Establishing 

the Deadline for Filing Objections to the Disclosure 

Statement and Replies Thereto; (III) Approving Form 

and Manner of Notice Thereof, (IV) Establishing 

Document Depository Procedures in Connection 

Therewith, and (V) Granting Related Relief, through the 

court's electronic filing system in case no. 17-3567.

.20 205.00 41.00

5/02/22 GMR 215 Review the Motion of the Puerto Rico Highways and 

Transportation Authority for an Order (I) Approving 

Disclosure Statement, (II) Fixing Voting Record Date, 

(III) Approving Confirmation Hearing Notice and 

Confirmation Schedule, (IV) Approving Solicitation 

Packages and Distribution Procedures, (V) Approving 

Forms of Ballots, and Voting and Election Procedures, 

(VI) Approving Notice of Non-Voting Status, (VII) 

Fixing Voting, Election and Confirmation Deadlines, 

and (VIII) Approving Vote Tabulation Procedures, in 

anticipation to its filing.

.30 205.00 61.50

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 64 of 75
 O'Neill & Borges LLC

Bill #: 418947 May 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

3

5/02/22 GMR 215 File the Motion of the Puerto Rico Highways and 

Transportation Authority for an Order (I) Approving 

Disclosure Statement, (II) Fixing Voting Record Date, 

(III) Approving Confirmation Hearing Notice and 

Confirmation Schedule, (IV) Approving Solicitation 

Packages and Distribution Procedures, (V) Approving 

Forms of Ballots, and Voting and Election Procedures, 

(VI) Approving Notice of Non-Voting Status, (VII) 

Fixing Voting, Election and Confirmation Deadlines, 

and (VIII) Approving Vote Tabulation Procedures, 

through the court's electronic filing system in case no. 

17-3567.

.20 205.00 41.00

5/02/22 GMR 215 Review the Motion of the Puerto Rico Highways and 

Transportation Authority for an Order Establishing, 

Among Other Things, Procedures and Deadlines 

Concerning Objections to Confirmation and Discovery 

in Connection Therewith, in anticipation to its filing.

.30 205.00 61.50

5/02/22 GMR 215 File the Motion of the Puerto Rico Highways and 

Transportation Authority for an Order Establishing, 

Among Other Things, Procedures and Deadlines 

Concerning Objections to Confirmation and Discovery 

in Connection Therewith, through the court's electronic 

filing system in case no. 17-3567.

.20 205.00 41.00

5/02/22 GMR 215 Email exchange with L. Osaben, S. Ma and A. Weringa 

in connection with the filing of the HTA Plan, 

Disclosure Statement and related motions.

.50 205.00 102.50

5/02/22 GMR 215 File the Motion of the Puerto Rico Highways and 

Transportation Authority for an Order (I) Approving 

Disclosure Statement, (II) Fixing Voting Record Date, 

(III) Approving Confirmation Hearing Notice and 

Confirmation Schedule, (IV) Approving Solicitation 

Packages and Distribution Procedures, (V) Approving 

Forms of Ballots, and Voting and Election Procedures, 

(VI) Approving Notice of Non-Voting Status, (VII) 

Fixing Voting, Election and Confirmation Deadlines, 

and (VIII) Approving Vote Tabulation Procedures, 

through the court's electronic filing system in case no. 

17-3567.

.20 205.00 41.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 65 of 75
 O'Neill & Borges LLC

Bill #: 418947 May 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

4

5/03/22 CGB 202 Review query from J. Esses regarding availability of 

interest for failure to pay outstanding invoices due by 

HTA (0.1); legal research regarding current provision of 

the Puerto Rico Civil Code of 202 applicable to same 

(0.3); Draft preliminary response to J. Esses query (0.3).

.70 345.00 241.50

5/04/22 HDB 206 Review the Notice of Filing of Revised Proposed Order 

(I) Scheduling a Hearing to Consider the Adequacy of 

Information Contained in the Disclosure Statement, (II) 

Establishing the Deadline for Filing Objections to the 

Disclosure Statement and Replies Thereto; (III) 

Approving Form and Manner of Notice Thereof, (IV) 

Establishing Document Depository Procedures in 

Connection Therewith, and (V) Granting Related Relief.

.20 330.00 66.00

5/04/22 HDB 215 Review the Spanish Translation of Radio script 

regarding HTA Plan. (.4) Review issues regarding 

translation of disclosure statement. (.5)

.90 330.00 297.00

5/04/22 GMR 215 Review the Notice of Filing of Revised Proposed Order 

(I) Scheduling a Hearing to Consider the Adequacy of 

Information Contained in the Disclosure Statement, (II) 

Establishing the Deadline for Filing Objections to the 

Disclosure Statement and Replies Thereto; (III) 

Approving Form and Manner of Notice Thereof, (IV) 

Establishing Document Depository Procedures in 

Connection Therewith, and (V) Granting Related Relief, 

in anticipation to its filing.

.30 205.00 61.50

5/04/22 GMR 215 File the Notice of Filing of Revised Proposed Order (I) 

Scheduling a Hearing to Consider the Adequacy of 

Information Contained in the Disclosure Statement, (II) 

Establishing the Deadline for Filing Objections to the 

Disclosure Statement and Replies Thereto; (III) 

Approving Form and Manner of Notice Thereof, (IV) 

Establishing Document Depository Procedures in 

Connection Therewith, and (V) Granting Related Relief, 

through the court's electronic filing system in case no. 

17-3567.

.30 205.00 61.50

5/05/22 HDB 215 Review the glossary for translation of HTA disclosure 

statement.

.60 330.00 198.00

5/05/22 HDB 215 Review the Order on Disclosure Statement Scheduling 

matters.

.20 330.00 66.00

5/05/22 HDB 215 Review analysis by C. Garcia regarding interest on 

unsecured claims.

.20 330.00 66.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 66 of 75
 O'Neill & Borges LLC

Bill #: 418947 May 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

5

5/05/22 HDB 222 Review letter from C. Cuprill regarding Claim No. 

168187.

.30 330.00 99.00

5/06/22 CGB 202 Final edits to email to J. Esses responding to query on 

availability of interest for failure to pay outstanding 

invoices due by HTA.

.20 345.00 69.00

5/09/22 HDB 215 Review the UCC's Motion to Inform Agreement 

regarding Depository Procedures Requested In Urgent 

Motion Of Puerto Rico Highways And Transportation

Authority For Order (I) Scheduling Hearing To Consider 

Adequacy Of Information Contained In Disclosure 

Statement, (II) Establishing Deadline For Filing 

Objections To Disclosure Statement And Replies 

Thereto, (III) Approving Form And Manner Of Notice 

Thereof, (IV) Establishing Document Depository 

Procedures In Connection Therewith, and (V) Granting 

Related Relief.

.30 330.00 99.00

5/09/22 HDB 215 Review the Notice of Filing of Proposed Order (I) 

Establishing Document Depository Procedures In 

Connection with Disclosure Statement Hearing, and (II) 

Granting Related Relief.

.20 330.00 66.00

5/09/22 JJC 206 Review the Notice of Filing of Proposed Order (I) 

Establishing Document Depository Procedures In 

Connection with Disclosure Statement Hearing, and (II) 

Granting Related Relief in anticipation of its filing in 

Case No. 17-3567.

.20 185.00 37.00

5/09/22 JJC 206 File the Notice of Filing of Proposed Order (I) 

Establishing Document Depository Procedures In 

Connection with Disclosure Statement Hearing, and (II) 

Granting Related Relief through the court's electronic 

filing system in Case No. 17-3567.

.20 185.00 37.00

5/09/22 VSN 219 Docket court notice received by email dated May 5, 

2022, order Dkt. 1171, regarding the deadline to file an 

objection, reply, and the scheduled disclosure statement 

hearing. - H. D. Bauer and U. Fernandez.

.10 165.00 16.50

5/13/22 HDB 222 Revise the draft of the Four Hundred Fifty-Second 

Omnibus Objection (Substantive) of the Commonwealth 

of Puerto Rico and the Puerto Rico Highways and 

Transportation Authority to Late-Filed Claims.

.30 330.00 99.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 67 of 75
 O'Neill & Borges LLC

Bill #: 418947 May 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

6

5/16/22 HDB 215 Revise the Amended Title III Plan of Adjustment of the 

Puerto Rico Highways and Transportation Authority. 

(.6) Revised Amended Title III Plan of Adjustment of 

the Puerto Rico Highways and Transportation Authority. 

(.8)

1.40 330.00 462.00

5/16/22 GMR 206 File the Amended Title III Plan of Adjustment of the 

Puerto Rico Highways and Transportation Authority, 

through the court's electronic filing system in Case No. 

17-3567.

.20 205.00 41.00

5/16/22 GMR 206 Corroborate exhibits of the HTA disclosure statement in 

anticipation to their filing.

.20 205.00 41.00

5/16/22 GMR 206 Analyze the Disclosure Statement for the Amended Title 

III Plan of Adjustment for the Puerto Rico Highways 

and Transportation Authority, in anticipation to its filing.

.30 205.00 61.50

5/16/22 GMR 206 File the Disclosure Statement for the Amended Title III 

Plan of Adjustment for the Puerto Rico Highways and 

Transportation Authority, through the court's electronic 

filing system in case no. 17-3567.

.30 205.00 61.50

5/16/22 GMR 206 File the Notice of Filing of Amended Title III Plan of 

Adjustment of the Puerto Rico Highways and 

Transportation Authority and Corresponding Disclosure 

Statement, through the court's electronic filing system in 

case no. 17-3567.

.20 205.00 41.00

5/16/22 GMR 206 File the Notice of Filing of Revised Proposed Order 

Establishing, Among Other Things, Procedures and 

Deadlines Concerning Objections to Confirmation and 

Discovery in Connection Therewith, through the court's 

electronic filing system in case no. 17-3567.

.20 205.00 41.00

5/16/22 GMR 206 File the Notice of Filing of Revised Proposed Order (I) 

Approving Disclosure Statement, (II) Fixing Voting 

Record Date, (III) Approving Confirmation Hearing 

Notice and Confirmation Schedule, (IV) Approving 

Solicitation Packages and Distribution Procedures, (V) 

Approving Forms of Ballots and Voting and Election 

Procedures, (VI) Approving Notice of Non-Voting 

Status, (VII) Fixing Voting, Election, and Confirmation 

Deadlines, and (VIII) Approving Vote Tabulation 

Procedures, through the court's electronic filing system 

in case no. 17-3567.

.20 205.00 41.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 68 of 75
 O'Neill & Borges LLC

Bill #: 418947 May 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

7

5/16/22 GMR 206 File the Notice of Filing of Revised Proposed Order (I) 

Approving Disclosure Statement, (II) Fixing Voting 

Record Date, (III) Approving Confirmation Hearing 

Notice and Confirmation Schedule, (IV) Approving 

Solicitation Packages and Distribution Procedures, (V) 

Approving Forms of Ballots and Voting and Election 

Procedures, (VI) Approving Notice of Non-Voting 

Status, (VII) Fixing Voting, Election, and Confirmation 

Deadlines, and (VIII) Approving Vote Tabulation 

Procedures, through the court's electronic filing system 

in case no. 17-3283.

.20 205.00 41.00

5/17/22 JRC 215 Commence analysis of revised amended DS and POA 

documents related to HTA.

1.20 360.00 432.00

5/17/22 HDB 215 Revise the Notice of Filing of Revised Proposed Order 

(I) Approving Disclosure Statement, (II) Fixing Voting 

Record Date, (III) Approving Confirmation Hearing 

Notice and Confirmation Schedule, (IV) Approving 

Solicitation Packages and Distribution Procedures, (V) 

Approving Forms of Ballots and Voting and Election 

Procedures, (VI) Approving Notice of Non-Voting 

Status, (VII) Fixing Voting, Election, and Confirmation 

Deadlines, and (VIII) Approving Vote Tabulation 

Procedures. (.5) Revise the Revised Proposed Order 

Establishing, Among Other Things, Procedures and 

Deadlines Concerning Objections to Confirmation and 

Discovery in Connection Therewith. (.3)

.80 330.00 264.00

5/18/22 JRC 215 Analyze of version of HTA Disclosure Schedule filed in 

Court.

2.60 360.00 936.00

5/23/22 JRC 215 Finalize analysis of PR law sections and filings of HTA 

DS.

3.70 360.00 1,332.00

5/24/22 JRC 215 Finalize analysis of HTA revised plan of adjustment. 2.20 360.00 792.00

5/24/22 HDB 206 Review the Motion for Approval of Second Amended 

and Restated Stipulation and Agreed Order Regarding 

the Disputed Funds in the HTA Bond Service Accounts, 

Redemption Accounts and Reserve Accounts.

.30 330.00 99.00

5/24/22 JJC 206 Review Motion for Approval of Second Amended and 

Restated Stipulation and Agreed Order Regarding the 

Disputed Funds in the HTA Bond Service Accounts, 

Redemption Accounts and Reserve Accounts in 

anticipation of its filing in Case No. 17-3567.

.20 185.00 37.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 69 of 75
 O'Neill & Borges LLC

Bill #: 418947 May 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

8

5/24/22 JJC 206 File Motion for Approval of Second Amended and 

Restated Stipulation and Agreed Order Regarding the 

Disputed Funds in the HTA Bond Service Accounts, 

Redemption Accounts and Reserve Accounts through 

the court's electronic filing system in Case No. 17-3567.

.20 185.00 37.00

5/24/22 JJC 206 Review the Unopposed Urgent Motion of the Financial 

Oversight and Management Board for Puerto Rico to Set 

a Briefing Schedule for the Motion for Approval of 

Second Amended and Restated Stipulation and Agreed 

Order Regarding the Disputed Funds in the HTA Bond 

Service Accounts, Redemption Accounts and Reserve 

Accounts in anticipation of its filing in Case No. 17-

3567.

.20 185.00 37.00

5/24/22 JJC 206 File the Unopposed Urgent Motion of the Financial 

Oversight and Management Board for Puerto Rico to Set 

a Briefing Schedule for the Motion for Approval of 

Second Amended and Restated Stipulation and Agreed 

Order Regarding the Disputed Funds in the HTA Bond

Service Accounts, Redemption Accounts and Reserve 

Accounts through the court's electronic filing system in 

Case No. 17-3567.

.20 185.00 37.00

5/26/22 JJC 206 Review Eleventh Interim Fee Application of Alvarez & 

Marsal North America, LLC for Compensation for 

Services Rendered and Reimbursement of Expenses 

Incurred as Advisor to the Financial Oversight and 

Management Board of Puerto Rico as Representative of 

the Puerto Rico Highways and Transportation Authority 

from October 1, 2021 through January 31, 2022 in 

anticipation of its filing in Case No. 17-3567.

.20 185.00 37.00

5/26/22 JJC 206 File Eleventh Interim Fee Application of Alvarez & 

Marsal North America, LLC for Compensation for 

Services Rendered and Reimbursement of Expenses 

Incurred as Advisor to the Financial Oversight and 

Management Board of Puerto Rico as Representative of 

the Puerto Rico Highways and Transportation Authority 

from October 1, 2021 through January 31, 2022 through 

the court's electronic filing system in Case No. 17-3567.

.20 185.00 37.00

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 70 of 75
 O'Neill & Borges LLC

Bill #: 418947 May 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

9

5/26/22 JJC 206 Review Notice of Filing of Eleventh Interim Fee 

Application of Alvarez & Marsal North America, LLC 

for Compensation for Services Rendered and 

Reimbursement of Expenses Incurred as Advisor for the 

Financial Oversight and Management Board for Puerto 

Rico, as Representative of the Debtor, the Puerto Rico 

Highways and Transportation Authority for the Period 

from October 1, 2021 through January 31, 2022 in 

anticipation of its filing in Case No. 17-3567.

.20 185.00 37.00

 TOTAL PROFESSIONAL SERVICES $ 8,961.00 

Less Discount $ -896.10 

 NET PROFESSIONAL SERVICES: $ 8,064.90 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

JOSE R. CACHO 11.30 360.00 4,068.00

CARLA GARCIA BENITEZ .90 345.00 310.50

HERMANN BAUER 9.10 330.00 3,003.00

GABRIEL MIRANDA RIVERA 6.00 205.00 1,230.00

J. COLON GARCIA 1.80 185.00 333.00

VANESSA SANCHEZ .10 165.00 16.50

Total 29.20 $ 8,961.00

TOTAL THIS INVOICE $ 8,064.90 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 71 of 75
 May 31, 2022

FOMB IN RE HTA TITLE III

RE: 17-00151-LTS PEAJE INVESTMENT, LLC V. PR HTA ET AL-CGB

Enclosed please find our bill for professional services rendered and reimbursable expenses.

Should you have any questions concerning the attached bill, please do not hesitate to contact us. Your prompt 

payment would be greatly appreciated.

Sincerely Yours,

CARLA GARCIA BENITEZ 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 72 of 75
 May 31, 2022

FOMB IN RE HTA TITLE III Bill #: 418948

 Billing Attorney: CGB

 

BILLING SUMMARY 

For Professional Services Rendered and Reimbursable Expenses for the period ending

May 31, 2022:

 

Client.Matter: P1703 - 801

RE: 17-00151-LTS PEAJE INVESTMENT, LLC V. PR HTA ET AL-CGB

 

Total Professional Services $ 214.00

Less Discount $ -21.40 

Net Professional Services $ 192.60

Total Reimbursable Expenses $ .00 

TOTAL THIS INVOICE $ 192.60 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 73 of 75
CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

1

Client.Matter: P1703 . 801 

RE: 17-00151-LTS PEAJE INVESTMENT, LLC V. PR HTA ET AL-CGB

PROFESSIONAL SERVICES 

Date Atty Task Description Hours Rate Amount

5/11/22 HDB 209 Review order on briefing schedule regarding dismissal of 

adv. 17-00151.

.20 330.00 66.00

5/24/22 JJC 206 Review the Motion for Approval of Second Amended 

and Restated Stipulation and Agreed Order Regarding 

the Disputed Funds in the HTA Bond Service Accounts, 

Redemption Accounts and Reserve Accounts in 

anticipation of its filing in Adv. Proc. 17-151.

.20 185.00 37.00

5/24/22 JJC 206 File the Motion for Approval of Second Amended and 

Restated Stipulation and Agreed Order Regarding the 

Disputed Funds in the HTA Bond Service Accounts, 

Redemption Accounts and Reserve Accounts through the 

court's electronic filing system in Adv. Proc. 17-151.

.20 185.00 37.00

5/24/22 JJC 206 Review the Unopposed Urgent Motion of the Financial 

Oversight and Management Board for Puerto Rico to Set 

a Briefing Schedule for the Motion for Approval of 

Second Amended and Restated Stipulation and Agreed 

Order Regarding the Disputed Funds in the HTA Bond 

Service Accounts, Redemption Accounts and Reserve 

Accounts in anticipation of its filing in Adv. Proc. 17-

151.

.20 185.00 37.00

5/24/22 JJC 206 File the Unopposed Urgent Motion of the Financial 

Oversight and Management Board for Puerto Rico to Set 

a Briefing Schedule for the Motion for Approval of 

Second Amended and Restated Stipulation and Agreed 

Order Regarding the Disputed Funds in the HTA Bond 

Service Accounts, Redemption Accounts and Reserve 

Accounts through the court's electronic filing system in 

Adv. Proc. 17-151.

.20 185.00 37.00

 TOTAL PROFESSIONAL SERVICES $ 214.00 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 74 of 75
 O'Neill & Borges LLC

Bill #: 418948 May 31, 2022 

CONFIDENTIAL-ATTORNEY WORK PRODUCT/ATTORNEY/CLIENT PRIVILEGE

2

Less Discount $ -21.40 

 NET PROFESSIONAL SERVICES: $ 192.60 

SUMMARY OF PROFESSIONAL SERVICES

Name Hours Rate Total

HERMANN BAUER .20 330.00 66.00

J. COLON GARCIA .80 185.00 148.00

Total 1.00 $ 214.00

TOTAL THIS INVOICE $ 192.60 

Case:17-03283-LTS Doc#:22971-3 Filed:12/02/22 Entered:12/02/22 18:43:36 Desc:

Exhibit B-3 Page 75 of 75