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HomeMy WebLinkAbout04/04/2018 5DSUBJECT: Legal Services Retention Agreement with Matthew W. Cockrell & Associates, P.C. for Environmental Insurance and Cost Recovery Matter AGENDA BILL CITY OF BREMERTON CITY COUNCIL Study Session Date: COUNCIL MEETING Date: Department: Presenter: Phone: 5D March 28, 2018 April 4, 2018 Legal Roger Lubovich (360) 473-2335 SUMMARY: The City entered into an agreement with Matthew W. Cockrell & Associates, P.C. ("Cockrell") on February 9, 2018, for legal services to undertake a recovery matter against historic comprehensive general liability policies of insurance. The City agrees to pay Cockrell, only if the City receives recoveries, a contingency fee of 10% of the recoveries accepted by the City. It is unknown at this time if the contingency fee will exceed the Director's authority, therefore Council approval is requested. ATTACHMENTS: Legal Services Retention Agreement FISCAL IMPACTS (Include Budgeted Amount): STUDY SESSION AGENDA: ® Limited Presentation ❑ Full Presentation STUDY SESSION ACTION: ® Consent Agenda ❑ General Business ❑ Public Hearing RECOMMENDED MOTION: Move to approve the agreement with the terms of payment, which consists of a contingency fee of 10% of the recoveries accepted by the City, with Matthew W. Cockrell & Associates, P.C. COUNCIL ACTION: Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action Form Updated 01/02/2018