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 o...
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