Number
000586
Version
SUBSTITUTE #1
Reference
991902
Sponsor
Title
Substitute resolution authorizing the transfer of $175,000 from the Common Council Contingent Fund to the Outside Counsel/Expert Witness Fund for the purpose of retaining outside legal counsel with regard to the global pension settlement litigation.
Analysis
This resolution transfers $175,000 from the Common Council Contingent Fund to the Outside Counsel/Expert Witness Fund for the purpose of funding outside counsel Reinhart, Boerner, Van Deuren, Norris & Rieselbach, S.C. (Firm), to participate in the global pension settlement litigation to implement the global settlement.
Body
Whereas, The Outside Counsel/Expert Witness Fund is to be used by the City Attorney's Office to retain the services of expert witness and outside counsel; and
Whereas, Any appropriation of funds from this Fund requires approval by the Common Council via resolution; and
Whereas, Common Council File No. 971183 authorized the City Attorney to enter into an agreement with the Firm to provide the city with representation in the case of MPA, et al. v. City of Milwaukee, et al., Case No. 97-CV-007996, as outside counsel in defense of Common Council File No. 970387; and
Whereas, The parties have entered into an agreement to expand the scope of the Firm's engagement to include acting as a consultant in the establishment of a new retirement system for city employees; and
Whereas, The parties have agreed that the Firm will participate in the global pension settlement litigation to implement the global settlement; and
Whereas, FN 991902 adopted on 4/11//00 expanded the scope of the engagement of the Firm to provide the city with representation in Case No. 00-CV-003439 and allocated $100,000 for this purpose; and FN 000182 allocated an additional $89,000 for this purpose; and
Whereas, Of this amount, there is a remaining balance of $68,605.25 and there are existing bills in the a...
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