Title
Resolution to Approve Amendment No. 3 to the Professional Services Agreement with Dykema Gossett PLCC for Legal Services Relative to the IRS IDR for the City of Ann Arbor Capital Improvement Bonds, Series 2009-A and Appropriate the Necessary Funds ($10,000.00 amendment/$45,000.00 total contract) (8 Votes Required)
Memorandum
The resolution before you is to approve a professional services agreement amendment with Dykema Gossett PLCC for its legal services relative to the examination by IRS of the City of Ann Arbor Capital Improvement Bonds, Series 2009-A bond issue
Budget/Fiscal Impact: Funding for this request was not budgeted within the existing FY18 Finance Services budget. Funding is available for transfer from the FY18 General Fund Fund Balance
Dykema Gossett currently serves as the City's bond counsel. The City Attorney selected Dykema Gossett to provide advice and representation before the IRS in connection with the City's response to the IRS's request for documents related to the City's issuance of the City of Ann Arbor Capital Improvement Bonds, Series 2009-A (Build American Bonds).
As Council was previously informed, the amount of time and cost of legal services for the IRS IDR could not be predicted with certainty. The cost of the firm's services through closure of the inquiry by the IRS exceeded the estimated expenditure. Authorization of an additional $10,000.00 is necessary for final payment for legal services to Dykema Gossett PLCC.
Dykema Gossett PLCC complies with the requirements of the City's non-discrimination and living wage ordinances.
Approval of the third and final amendment to the professional services agreement with Dykema Gossett, PLCC for an additional $10,000.00, for legal services relative to the IRS IDR for the City of Ann Arbor Capital Improvement Bonds, Series 2009-A bond issue, for a total contract amount of $45,000.00, is recommended.
Staff
Prepared by: Mary Joan Fales, Senior Assistant City Attorn...
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