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HomeMy Public PortalAboutResolution 2018-08, Accepting The Limited Engagement Letter From Gregory S. Jager, Pastrnak Law Firm, PC. To Represent The City Of Riverdale With Regards To Its Discussions With Arconic, Inc. PASTRNAK LAW FIRM, P.C. Attorneys at Law 313 W. 3rd Street Davenport IA 52801 Phone: (563) 323-7737, Ext. 210 Fax: (563) 323-7739 E-mail: toastrnak;Coastrnak.com Thomas J.Pastmak* ILLINOIS OFFICE. Candy K. Pastrnak* 6300 75'"Ave.,Suite A Milan,IL 61264 Troy D.Venner* Thomas R.Schulz—Of Counsel" Gregory S.Jager—Of Counsel** Dee A.Runnels—Of Counsel* "Attorneys Admitted in Iowa and Illinois **Attorney Admitted in Iowa Only VIA EMAIL AT cityadmin{ariverdaleia.orq February 22, 2018 MR TIM LONG CITY ADMINISTRATOR CITY OF RIVERDALE 110 MANOR DRIVE RIVERDALE IA 52722 RE: Limited Engagement Letter Dear Mr. Long: Pursuant to our recent phone conference, this letter will serve to outline our limited engagement agreement concerning my representation of the City of Riverdale, Iowa ("City") in its negotiations with ARCONIC and the State of Iowa regarding the issuance of up to $3,500,000 of tax increment review financing in conjunction with ARCONIC's expansion within the City, and such further matters as the City may desire. I would be happy to assist the City with these negotiations at a discounted attorney fee rate of $250.00 per hour plus any costs advanced, which fees and costs will be billed to the City on a monthly basis. If you'd like to discuss this matter further, please feel free to give me a call. Otherwise if the City is agreeable to these terms, please sign the bottom of this letter, where indicated, and return a copy to me either by email at giager(c�pastrnak.com or by fax at 323-7739. Very truly yours, ACKNOWLEDGED AND AGREED TO ON BEHALF OF TH ITY OF RERDALE, IOWA. GREGORY S. JAG R ( % Attorney at Law By: Tim Long, City Administrator GSJ/kkn RESOLUTION NO. 2018-08 RESOLUTION ACCEPTING THE LIMITED ENGAGEMENT LETTER FROM GREGORY S. JAGER, PASTRNAK LAW FIRM, PC,TO REPRESENT THE CITY OF RIVERDALE WITH REGARD TO ITS DISCUSSIONS WITH ARCONIC, INC. WHEREAS, the City Council of the City of Riverdale("City")was advised by its corporate counsel Hopkins and Huebner that attorneys in its employee who regularly represent Arconic, Inc. in matters of law, and as such could not adequately represent the City in its discussions and negotiations with Arconic, Inc.regarding a potential development agreement; and, WHEREAS, based upon recommendations for alternate counsel and his knowledge of the work of Gregory S. Jager as the retired City Attorney for the City of Bettendorf,the City Administrator did interview Jager and does recommend that the City Council accept the terms presented by him in his letter of February 22, 2018; and, WHEREAS, in the interest of properly representing the City in its potential negotiations with Arconic, Inc. the Council does approve of accepting the terms of the aforesaid letter and the retaining of Gregory S. Jager in this limited engagement. NOW THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF RIVERDALE, SCOTT COUNTY, IN THE STATE OF IOWA: Section 1. That the Limited Engagement Letter of February 22, 2018 from Pastrnak Law Firm, PC is hereby attached to and made a part of this Resolution. Section 2. That the City Council accepts the terms of the aforesaid letter with its discounted attorney fee rate of$250.00 per hour plus any costs advanced, at the direction of the Mayor or City Administrator. Section 3. That the City Administrator is authorized to execute said Engagement Letter on behalf of the City. ` PASSED AND APPROVED this 2-1 day of ANCL`a , 2018. \. __,eC Michael Bawden,Mayor ATTEST: 4f71-el-Z-teed Ronald Fullerlove, City Clerk Prepared by City Administrator Tim Long February 22, 2018