BY PRESIDENT NESS:
RESOLVED, that the proper city officials are authorized to execute and implement a contract or modification of previous one between the city of Duluth and Rider Bennett, LLP, related to the Northwest Airlines bankruptcy, containing substantially the terms of that agreement on file with the city clerk as Public Document No. __________, in a total amount not to exceed $10,000; payment to be made from Fund 100, Agency 700, Organization 1407, Object 5304.
STATEMENT OF PURPOSE: The city employed Rider Bennett to advise it, DEDA and the DAA on bankruptcy issues that affect the approximately $14 million debt to city entities involved with the NWA bankruptcy. This firm has special expertise and an affiliate in the southern district of New York, where the bankruptcy is located and where our lawyers are not licensed. DEDA and DAA will contribute to the cost.