HomeMy WebLinkAboutMINUTES - 07212009 - C.84RECOMMENDATION(S):
APPROVE and AUTHORIZE the County Counsel, or designee, to execute, on behalf of
Contra Costa County, a contract for specialized professional legal services with Cotchett,
Pitre & McCarthy and Renne Sloan Holtzman Sakai LLP; WAIVE potential conflicts of
interest.
FISCAL IMPACT:
The County will pay a contingency fee of nine percent (9%) based on net recovery under
the contract.
BACKGROUND:
The purpose of the contract is to engage counsel to assist with the investigation and
prosecution of a case against bond insurance companies and/or related entities for failing to
disclose the true nature of their risk profile and financial condition, failing to avoid insuring
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 07/21/2009 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I
Supervisor
Gayle B. Uilkema, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Susan A. Bonilla, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Kate Andrus
925-335-1800
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board
of Supervisors on the date shown.
ATTESTED: July 21, 2009
David J. Twa, County Administrator and Clerk of the Board of Supervisors
By: Celicia Nelson, Deputy
cc: Auditor/Controller, County Administrator, Treasurer-Tax Collector
C. 84
To:Board of Supervisors
From:Silvano B. Marchesi, County Counsel
Date:July 21, 2009
Contra
Costa
County
Subject:Approval of Contract for Specialized Professional Services
BACKGROUND: (CONT'D)
risky financial instruments including subprime mortgages, and/or maintaining a dual credit
rating system as between municipalities and corporations, and/or other actions. These
attorneys are representing other municipalities on this issue and it is understood that this
joint representation may give rise to the possibility of conflicts of interest. The potential
advantage of joint representation is anticipated to outweigh any potential conflict. As such,
the attorneys have requested that the County waive any and all conflicts of interest arising
from such joint representation.