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HomeMy WebLinkAboutResolution 4590-02-2016 A Resolution NO. 4590-02-2016 AUTHORIZING RETENTION OF THE LAW FIRM OF KELLY HART & HALLMAN LLP AS OUTSIDE LEGAL COUNSEL IN CONNECTION WITH INTERPRETATION AND APPLICATION OF FEDERAL TAX LAW AND SETTING MAXIMUM COMPENSATION WHEREAS, the City of Fort Worth is a major employer and as such is subject to certain documentation, reporting, and other obligations under federal tax law with accounting and legal staff handling routine matters; and WHEREAS, the assistance of outside attorneys who are tax specialists is required for questions involving the more obscure areas of federal tax law; and WHEREAS, Kelly Hart&Hallman LLP has special competency and recognized expertise in the area of federal tax law and has agreed to assist the City with these issues. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: I. That the engagement of the Law Firm of Kelly Hart & Hallman LLP as outside legal counsel be confirmed pursuant to Chapter VI, Section 3, of the City Charter, in order to provide legal representation to the City concerning interpretation and application of federal tax law. II. That the City be authorized to compensate the Law Firm of Kelly Hart &Hallman LLP in an amount not to exceed$25,000.00. Adopted this 16th day of February, 2016. OR T 0000 1°L.ATTES ;�� �¢ 0 0 By: °Z ��o o d a 00 0 0 0 0 ICY Mary J. Va/ser, City Secretary 00000000 at�nTLcKAS�,� ORT WORT City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION:; Approved on 2/16/2016 -Resolution No. 4590-02-2016 DATE: Tuesday, February 16, 2016 REFERENCE NO.: **C-27622 LOG NAME: 12KHH TAX LAW COUNSEL SUBJECT: Adopt Resolution to Retain the Law Firm of Kelly Hart & Hallman LLP, as Outside Legal Counsel with Compensation Not to Exceed $25,000.00 for Issues Related to Interpretation and Application of Federal Tax Law (ALL COUNCIL DISTRICTS) RECOMMENDATION: It is recommended that the City Council adopt the attached resolution authorizing the City Attorney to retain the law firm of Kelly Hart & Hallman LLP, as outside legal counsel in accordance with Chapter VI, Section 3 of the City Charter to assist with matters related to the interpretation and application of federal tax law and fixing compensation, as far as practicable, at an amount not to exceed $25,000.00. DISCUSSION: The Financial Management Services Department, the City Manager's Office and the City Attorney's Office recommend that the City retain the firm of Kelly Hart & Hallman LLP (KHH) to provide legal services from time to time related to interpretation and application of federal tax law. Over the years, the City has kept KHH on a small retainer (most recently, a retainer of$20,000.00 in 2012) so that the firm could quickly respond to a variety of federal tax and trust issues confronted by the City. This Mayor and Council Communication would authorize a $25,000.00 retainer. KHH has extensive experience representing public and private sector clients in federal tax matters and has previously provided the City with satisfactory representation on matters involving tax and benefit issues. Federal tax law represents some of the most complex and arcane material and consists of highly technical statutes, regulations, cases, letter rulings and other formal and informal guidance. While the City's legal and accounting staff routinely handle day-to-day matters in this area, complex issues periodically arise such as determining the proper manner in which to make and report after-the-fact corrections if an error is discovered in a subsequent tax year and the proper way in which to classify and report reimbursements or other benefits to non-employee personnel. Because these types of tax issues occur infrequently and involve application of tax rules that the City is seldom required to interpret or apply, the assistance of attorneys who specialize in federal tax law is needed to best represent the City's interests. This project concerns ALL COUNCIL DISTRICTS. FISCAL INFORMATION /CERTIFICATION: The approval of this action provides spending authority up to $25,000.00 as specified. The Director of Finance certifies that funds are available in the current operating budgets, as appropriated and that prior to an expenditure being made, the using department has the responsibility to coordinate the availability of funds with the Law Department. Logname: 12KHH TAX LAW COUNSEL Page 1 of 2 FUND IDENTIFIERS (FIDs): TO Fund Department ccounj Project JProgram ctivity Budget Reference # moun I ID ID Year (Chartfield 2) FROM Fund Department Accoun j Project JProgram ctivity Budget Reference # mounl ID ID Year (Chartfield 2) CERTIFICATIONS: Submitted for City Manager's Office by: Susan Alanis (2689) Originating Department Head: Sarah J. Fullenwider (7606) Additional Information Contact: Denis McElroy (2758) Logname: 12KHH TAX LAW COUNSEL Page 2 of 2