HomeMy WebLinkAboutAgenda Report - July 18, 2007 K-03AGENDA ITEM 146-'
CITY OF LODI
COUNCIL COMMUNICATION
Im
AGENDA TITLE: Approval of Six -Month Budgets for PCEITCE Related Litigation Cases.
MEETING DATE: July 18, 2007 City Council Meeting
RECOMMENDED ACTION: That the City Council approve six-month budgets for the following
PCEITCE related cases: Hartford, M & P Investments and Envision
in amounts to be set by Council at the meeting.
BACKGROUND INFORMATION: Staff recommends that the City Council approve 6 -month budgets
for PCEITCE litigation cases in amounts to be set at the meeting.
FUNDING AVAILABLE: Water Fund
Approved:
KipK Evans, Budget Manager
Approved:
APPROVED:
Blair Ki qty Manager
CONFIDENTIAL
ATTORNEY — CLIENT COMMUNICATION
Summary Table for PCE/TCE Litigation Budgets, July —December. 2007
Case
Low
Midpoint
High
Cost Recovery
M & P, related
-regulatory matters
$ 513,000
$ 684,000
$ 855,000
Insurance Coverage
Hartford Action *
$300,000
$300,000
$300,000
Legal Malpractice
Envision Action
$470,000
$ 670,000
$ 870,000
total
$1,283,000
$1,654,000
$2,025,000
Amount is for fees only and does not include costs, which are estimated in the range of
$3,000 to $6,500 monthly, but may vary.
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