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Home My WebLink About12553RESOLUTION NO. 12553 A RESOLUTION APPROVING THE ENGAGEMENT OF DAVIS GRAHAM & STUBBS, LLP AS SPECIAL COUNSEL WITH RESPECT TO ECONOMIC DEVELOPMENT PROJECT TRANSACTIONS AND AUTHORIZING PAYMENT OF SPECIAL COUNSEL COMPENSATION FROM THE 1992-2016 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECTS FUND THEREFOR BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Pursuant to Section 6-7 of the Charter of the City, the engagement of Davis Graham & Stubbs, LLP as special counsel with respect to economic development projects identified to City Council is hereby approved. SECTION 2. The City Council finds and determines that the services of special counsel are appropriate for development and facilitation of projects funded from the 1992-2016 Sales and Use Tax Capital Improvement Projects Fund (“Fund”). The Director of Finance is directed and authorized to pay such compensation and costs of special counsel out of the Fund upon approval thereof by the City Attorney. SECTION 3. This Resolution shall become effective upon approval and adoption. INTRODUCED: December 10, 2012 BY: Leroy Garcia COUNCIL PERSON Background Paper for Proposed RESOLUTION DATE: December 10, 2012 AGENDA ITEM # M-10 DEPARTMENT: Office of theCity Manager James F. Munch, Interim City Manager Law Department Robert Jagger, Esq., Acting City Attorney TITLE A RESOLUTION APPROVING THE ENGAGEMENT OF DAVIS GRAHAM & STUBBS, LLP AS SPECIAL COUNSEL WITH RESPECT TO ECONOMIC DEVELOPMENT PROJECT TRANSACTIONS AND AUTHORIZING PAYMENT OF SPECIAL COUNSEL COMPENSATION FROM THE 1992-2016 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECTS FUND THEREFOR ISSUE Should City Council approve the engagement of Davis Graham & Stubbs, LLP as special counsel with respect to an economic development project? RECOMMENDATION Approve the Resolution. BACKGROUND The expertise and staff support of David Graham & Stubbs will enhance the City's ability to efficiently and expeditiously negotiate and implement economic development projects to the benefit of City. FINANCIAL IMPACT Funds will be paid from the 1992-2016 Sales and Use Tax Capital Improvement Projects Fund. The General Fund will not be impacted.