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File #: 19893    Version: 0 Name: Transfer legal services bond disclosure
Type: Resolution Status: Passed
File created: 6/7/2018 In control: Finance and Audit Committee
On agenda: 6/11/2018 Final action: 6/18/2018
Title: A RESOLUTION transferring $1,200.00 within the 2018 General Fund to cover the cost of legal services in connection with a required annual disclosure obligation.
Sponsors: Dennis Waits
Indexes: LEGAL EXPENSES, TRANSFER
Attachments: 1. 19893bu.pdf, 2. 19893adopt.pdf
Related files: 5062

IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI


Title
A RESOLUTION transferring $1,200.00 within the 2018 General Fund to cover the cost of legal services in connection with a required annual disclosure obligation.

Intro
RESOLUTION NO. 19893, June 11, 2018

INTRODUCED BY Dennis Waits, County Legislator


Body
WHEREAS, on July 25, 2017, the County Counselor engaged the law firm of Gilmore & Bell of Kansas City, MO, to assist the County in complying with its obligations under federal securities laws to provide continuing financial disclosures regarding the County's past bond issues and other public finance transactions, for a period of five years, at an annual cost of $1,200.00; and,


WHEREAS, by Ordinance 5062, dated December 6, 2017, the Legislature did establish certain Reserve Accounts for certain budget lines within the 2018 County budget; and,

WHEREAS, certain funds appropriated in such Reserve Account within the 2018 General Fund are needed to cover the costs of financial disclosure legal services; and,

WHEREAS, there are numerous disputes between the County Executive and the Legislature regarding the validity of Ordinance 5062, relating to its construction and interpretation, and multiple related issues; and,

WHEREAS, the Chief Administrative Officer has recommended the adoption of this Resolution, without waiving any previous position taken in reliance upon the memorandum of the County Counselor dated December 22, 2017, regarding Ordinance 5062, and without waiving any position taken in reliance upon other legal memorandums provided by the Office of the County Counselor; and,

WHEREAS, the Legislature recognizes that funds identified as Reserve Funds in the adopted 2018 budget within the General Fund are required to be designated for use by the Department of Finance and Purchasing for Gilmore & Bell's legal services;...

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