Number
001077
Version
Original
Reference
991986
Sponsor
THE CHAIR
Title:
Resolution authorizing a $125,000 supplemental appropriation from the Common Council Contingent Fund to the Outside/Expert Witness Fund Special Purpose Account for the purpose of providing additional funding to outside counsel Whyte, Hirschboeck and Dudek representing the Employes' Retirement System/Annuity and Pension Board relative to pension litigation and implementing the global pension settlement. (City Attorney)
Analysis
This resolution authorizes a $125,000 supplemental appropriation from the Common Council Contingent Fund to the Outside Counsel/Expert Witness Special Purpose Account for purposes of funding outside counsel representing the Employes' Retirement System/Annuity and Pension Board to implementing the global pension settlement.
Body
Whereas, The Employes' Retirement System/Annuity and Pension Board previously negotiated a contract with the firm of Whyte Hirschboeck Dudek, S.C. to provide them with representation relative to negotiating a potential global settlement of current pension litigation; and
Whereas, Common Council File No. (CCFN) 980715 adopted on September 23, 1998 appropriated $5,000 from the Contingent Fund for this purpose and CCFN 991986 appropriated $130,000 in additional funding and there is a balance of $10,448.27 and an outstanding bill of $15,153.21 and billings are only through the month of July and $125,000 of additional funding is necessary to fund this purpose; now, therefore, be it
Resolved, That the sum of $125,000 be and hereby is appropriated from the Common Council Contingent Fund Account No. 0001-9990-0001-C001- 006300 to the Outside Counsel/Expert Witness Fund Special Purpose Account No. 0001-1490-2631-S157-634001 for the purpose of funding outside counsel relative to pension litigation and implementing the global settlement; and, be it
Further Resolved, That such amounts be expended upon the presentation of invoices for service to the Office of the City, and meeting with the approval of the Office of the City Attorney; and, be it
Further Resolved, That the proper city officers be and are hereby authorized and directed to make whatever fund transfers are necessary or appropriate to carry out the provisions of this resolution and that the application of the funds directed herein to a case other than that specifically referred to herein shall be subject to the further direction of the Common Council.
Requestor
CITY ATTORNEY
Drafter
TEH:bw
11/1/00
#34283