HomeMy WebLinkAboutResolution 3739-05-2009A Resolution
NO 3739-05-2009
AUTHORIZING THE EMPLOYMENT OF MCCALL, PARKHURST
AND HORTON, LLP, AND KELLY, HART AND HALLMAN, LLP, AS
OUTSIDE LEGAL COUNSEL FOR ASSISTANCE IN THE ANALYSIS
AND EVALUATION OF VARIOUS OPPORTUNITIES TO REDUCE
CITY COSTS OR INCREASE CITY REVENUES
WHEREAS, m order to reduce City costs and/or increase City revenues, the City Manager's
Office desires to explore various cost saving or revenue-producing opportunities, and
WHEREAS, as part of that process, it will be necessary to research and analyze federal and state
laws, rules and regulations, including whether a particular course of action will be impacted by federal
income tax consequences and regulatory restraints on existing outstanding tax-exempt public securities
and whether a particular course of action will impact the City's outstanding legal obligations, credit
ratings, and future access to credit markets, and
WHEREAS, the law firms of McCall, Parkhurst and Horton, LLP and Kelly Hart and Hallman,
LLP currently serve as co-bond counsel for the City and have the staff, experience and resources needed
to oversee this type of specialized and highly complex research and analysis,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS
I.
That the Crty is hereby authorized to retain the law firms of McCall, Parkhurst and Horton, LLP
and Kelly Hart and Hallman, LLP as outside counsel pursuant to Section 3 Chapter VI of the City
Charter to assist the Crty Attorney in the research and analysis of the impact of federal and state laws,
rules, and regulations on potential courses of action that the Crty might take for cost savings or revenue
production.
II.
That, as far as practicable, the compensation to be paid to McCall, Parkhurst and Horton, LLP
and Kelly Hart and Hallman, LLC for such services shall not exceed an aggregate of $50 000 00
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RESOLUTION NO 3739-OS-2009
AND IT IS SO RESOLVED
Adopted this 19tt' day of May 2009
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CITY COUNCIL
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1Vlarty Hendrix _ ~'~
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City of Fort Worth, Texas
Mayor and Council Communication
_. COUNCIL ACTION: Approvetl on 5/19/2009 -Res. No`. 3739-05-20D9
DATE Tuesday May 19 2009
LOG NAME 12KHH MCCALL
REFERENCE NO G-16569
SUBJECT
Adopt Resolution Authorizing the Employment of McCall Parkhurst and Horton LLP and Kelly Hart and
Hallman, LLP as Outside Legal Counsel in an Amount Not to Exceed $50 000 00 for Assistance in the
Analysis and Evaluation of Various Opportunities to Reduce City Costs or Increase City Revenues
RECOMMENDATION
It is recommended that the City Council adopt the attached Resolution authorizing the employment of
McCall Parkhurst and Horton LLP and Kelly Hart and Hallman LLP as outside legal counsel for
assistance in the analysis and evaluation of various opportunities to reduce City costs or increase City
revenues
DISCUSSION
As part of its effort to recommend a budget for the 2009-2010 fiscal year the City Manager's Office
desires to explore various cost saving or revenue producing opportunities As the staff develops ideas in
this respect, it will be necessary for attorneys to research and analyze federal and state laws rules and
regulations including whether a particular course of action will be impacted by federal income tax
consequences and regulatory restraints on existing outstanding tax-exempt public securities as well as
the impact that a particular measure might have on the City's outstanding legal obligations credit ratings
and future access to credit markets
The City Attorney recommends that the City Council adopt the attached Resolution authorizing the
retention of the law firms of McCall Parkhurst and Horton LLP and Kelly Hart and Hallman LLP to
assist the City Attorney's Office with the legal work that this project will require McCall Parkhurst and
Horton LLP and Kelly Hart and Hallman LLP serve as the City's co-bond counsel and are familiar with
the manner in which various City operations and systems have been funded and possess the experience
necessary to oversee the type of specialized and complex research and analysis that will be required in
this endeavor
FISCAL INFORMATION /CERTIFICATION
The Financial Management Services Director certifies that funds are available in the current operating
budget, as appropriated of the General Fund
FUND CENTERS
TO Fund/Account/Centers
FROM Fund/Account/Centers
GG01 539120 0905500
CERTIFICATIONS
Submitted for City Manager's Office bx.
Karen Montgomery (6222)
$50,000.00
Logname• 12KHH MCCALL Page 1 of 2
Originating Department Head.
Additional Information Contact:
David Yett (7623)
David Yett (7623)
Logname• 12KHH MCCALL Page 2 of 2