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HomeMy WebLinkAbout10991RESOLUTION NO. 10991 A RESOLUTION APPROVING THE ENGAGEMENT OF HOLME, ROBERT AND OWEN, LLP FOR LEGAL SERVICES RELATED TO TAX ISSUES WITH THE INTERNAL REVENUE SERVICE BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The engagement letter with Holme, Roberts and Owen, LLP to provide legal services concerning Internal Revenue Service tax issues is hereby approved. SECTION 2. Funds for said services will be disbursed from the City Council Professional Services Account in the 2007 budget. SECTION 3. This Resolution shall become effective upon final passage and approval. INTRODUCED April 23, 2007 BY Randy Thurston Councilperson APPROVED: RRESIDIENTof City Council ATTESTED BY: CITY CLERK P, E, S. /o Q U ~ _7 / ^\ Background Paper for Proposed RESOLUTION AGENDA ITEM # PA A DATE: April 23, 2007 DEPARTMENT: CITY MANAGER'S OFFICE DAVE GALLI, CITY MANAGER DOUG FITZGERALD, ASSISTANT CITY MANAGER TITLE A RESOLUTION APPROVING THE ENGAGEMENT OF HOLME, ROBERT AND OWEN, LLP FOR LEGAL SERVICES RELATED TO TAX ISSUES WITH THE INTERNAL REVENUE SERVICE ISSUE Should the City Council engage the services of Holme, Roberts and Owen, LLP for legal counsel concerning tax issues with the Internal Revenue Service (IRS)? BACKGROUND In the fall of 2006, the Internal Revenue Service (IRS) performed a review of the City concerning compliance with the Federal Tax Code. The City will procure the services of Holme, Roberts and Owen, LLP for legal services to address this issue. RECOMMENDATION Approval of this Resolution. FINANCIAL IMPACT The monies to be allocated for this service will be paid from the City Council Professional Services Account in the 2007 budget.