HomeMy WebLinkAboutResolution 2490~,.r
A Resolution
NO
WHEREAS the following bankruptcy proceedings and lawsuits are pending
against the City of Fort--Worth concerning the property taxes of
Veteran's Memorial Inc.
a) In re Veteran's Memorial Inc. Debtor Case No 492-42756-
MT 11 (Chapter 11) United States Bankruptcy Court for the
Northern District of Texas
b) Veteran's Memorial Inc v City of Fort Worth Adversary No
93-4259 United States Bankruptcy Court for the Northern
District of Texas
c} City of Fort Worth et al v Veteran's Memorial Inc. Case No
4 96-CV 764-Y and Consolidated 4.96-CV 763-Y United States
District Court for the Northern District of Texas and
d) Veteran's Memorial Inc v Tarrant Appraisal District, Tarrant
Appraisal Review Board City of Fort Worth et al , No 96-
158303-95 District Court of Tarrant County 96th Judicial
District; and
WHEREAS these bankruptcy proceedings and lawsuits are of extraordinary
importance and require specialized legal knowledge and expertise
in bankruptcy law to represent the City of Fort Worth and
WHEREAS the law firm of Colvin &Petrocchi and Joseph Colvin of that firm
have substantial expertise in bankruptcy law and have agreed to
represent the City in these matters
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NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH TEXAS
That the firm of Colvin and Petrocchi be retained as outside legal counsel
pursuant to Section 3 Chapter VI of the City Charter and that Joseph Colvin of
that firm be designated to represent the City in the above bankruptcy
proceedings and lawsuits involving the property taxes of Veteran s Memorial Inc.
CITY OF FORT WORTH
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That, as far as reasonably practicable the compensation to be paid to
Colvin & Petrocchi for the services in these bankruptcy proceedings and lawsuits
is hereby fixed in an amount not to exceed $ 35 000
ADOPTED this "J' day of February 1999
FE® 2 1999
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City of F~ ~fto Est the
rtte, Texas
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CITY OF FORT WORTH