HomeMy WebLinkAboutResolution 2502A Resolution
No D~
WHEREAS, on November 3 1998, the City Council approved M&C G-12374 which adopted a
resolution retaining Varnum, Riddenng, Schmidt & Howlett, L.L.P ("Varnum,
Riddenng") as outside counsel to represent the City of Fort Worth, for an amount
not to exceed $50 000 00 in the transfer of a cable television system and franchise
by Marcus Cable Associates, L.P to Vulcan Cable, Inc. and Paul G Allen (the
'Transfer")• and
WHEREAS, because of the complex and ongoing nature of the negotiations pertaining to the
Transfer it is anticipated that the City of Fort Worth wall need an additional
$85 000 00 to compensate Varnum, Raddering for its services on behalf of the Caty
of Fort Worth, and
WHEREAS, Charter Communications, Inc., which is wholly owned by Paul G Allen, has
agreed to reimburse the Caty of Fort Worth for all of its expenses involved in the
negotiations pertaining to the Transfer
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS
That the total compensation authorized for compensation to Varnum, Radderang, Schmidt
& Howlett, L.L.P for legal services pertaining to the Transfer is hereby increased from
$50 000 00 to $135 000 00
Adopted this ~,,~ day of March, 1999
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CITY OF FORT WORTH