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HomeMy WebLinkAboutResolution 2599A Resolution NO ~ WHEREAS on April 8 1997 the City Council approved M&C G-11861 increasing to $200 000 the amount authorized to be paid the law firm of Cantey & Hanger as outside legal counsel to assist the City Attorney in representing the City in a lawsuit styled Pastusek Industries. Inc. v. Citkof Fort Worth and Sunbelt Industrial Development. Corporation. and WHEREAS Cantey & Hanger has previously billed the City a total of $188 535 which has been paid and WHEREAS in addition to the $188 535 paid to date the law firm has billed the City an additional $12 699 for services rendered in the lawsuit; and WHEREAS because of the ongoing and complex nature of this lawsuit, it is believed that in addition to the $200 000 authorized of date an additional sum of $50 000 will be needed for legal services to bring this lawsuit to a successful conclusion and WHEREAS it is necessary that a Resolution be adopted by the City Council fixing at $250 000 the total compensation authorized to be paid to the firm for its services in the lawsuit; NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH TEXAS That the total compensation authorized to be paid to the firm of Cantey & Hanger for services relating to the lawsuit of Pastusek Industries. Inc. v. Citkof Fort Worth and Sunbelt Industrial Development Corporation be and is hereby increased to $250 000 ~z ~~~~~ ADOPTED this ~ day of November 1999 ~~~~ ~~; ~ Q -s f 0EC ~4 1999 ~.;.. r CITY OF FORT WORTH