NUMB:
990447
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution approving the expenditure of $4,000 from the Outside Counsel-Expert Witness Fund for the purpose of obtaining an expert witness in hotel valuation matters associated with outstanding assessment objections. (City Attorney)
ANLS:
_________________________________________________________________
- Analysis -
This resolution approves the expenditure of $4,000.00 from the Outside Counsel - Expert Witness Fund to be reallocated from Marino Construction Co., Inc. v. Renner Architects, et al., Case No. 92-CV-018090 (Marino I-Port Building). _________________________________________________________________
BODY:
Whereas, The Outside Counsel - Expert Witness Fund is to be used by the City Attorney's Office to retain the services of expert witnesses and outside legal counsel; and
Whereas, Any appropriation of funds from this Fund requires approval by the Common Council via resolution; and
Whereas, As more particularly described on the spreadsheet appended hereto as Exhibit A, the Assessment Commissioner has received assessment objections pertaining to the following hotel properties in the City of Milwaukee: Astor; Hilton; Hyatt; Park East; Pfister; and Wyndham; and
Whereas, The Assessment Commissioner desires the advice and consultation of a valuation expert, S. Steven Vitale of Vitale Realty Advisors, LLC, with respect to valuation issues concerning the subject hotels and hotels in general; and
Whereas, In that said expert and his advice could be helpful with respect to possible litigation (including Board of Review hearings) relating to the challenged assessments, the Assessment Commissioner has contacted the City Attorney's Office with respect to litigation strategy and retaining the expert; and
Whereas, Mr. Vitale has indicated to the City Attorney's Office and Assessor's Office that for roughly $4,000.00, he can provide a desk-review of, and report co...
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