HomeMy WebLinkAboutRes 2021-02-5005 AHFC Written Agreement for Legal ServicesANNA HOUSING FINANCE CORPORATION
RESOLUTION NO. aoa)- Do`s,' 50n6
A RESOLUTION OF THE ANNA HOUSING FINANCE CORPORATION, APPROVING
A WRITTEN AGREEMENT FOR LEGAL SERVICES AND AUTHORIZING THE
PRESIDENT TO EXECUTE SAID AGREEMENT.
WHEREAS, the Anna Housing Finance Corporation ("Corporation") desires to enter into
a written agreement with Wolfe, Tidwell & McCoy, LLP relating to provision of legal
services and fees and expenses related thereto (the "Agreement");
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
ANNA HOUSING FINANCE CORPORATION:
Section 1. The recitals set forth above are incorporated herein by reference as if fully
set forth for all purposes.
Section 2. The Agreement is hereby approved and the President's execution of the
Agreement is hereby authorized and approved.
PASSED AND APPROVED by the Anna Housing Finance Corporation this thenci
day of ELbicidartj 2022.
APPROVED
Nate Pike
President
ATTEST:
vin Toten
Secretary
ANNA HFC RESOLUTION NO.c ( i-ffl- Page 1 of 1
DALLAS I FRISCO I SHERMAN
WOLFE, TIDWELL & MCCOY, LLP
ATTORNEYS & COUNSELORS
FRISCO
2591 DALLAS PARKWAY, SUITE 205
FRISCO, TEXAS 75034
Tel 972.712.3530
Fax 972.712.3540
February 15, 2022
Hon. Nate Pike
President
Anna Housing Finance Corporation
c/o City of Anna Economic Development Director
Re: Letter of Engagement for Legal Services
Dear Mayor Pike:
www.wtmlow.net
WRITER'S EMAIL-CmCCay@wtmlaw.net
This letter confirms that Anna Housing Finance Corporation (the "Corporation")
has engaged the law firm of Wolfe, Tidwell & McCoy, LLP (the "Firm") as the
Corporation's legal counsel on an as -needed basis for the provision of legal services.
The Firm will be compensated for provision of said services at the rate of $200/hr for
partner -attorney time, $165/hr for senior -attorney time, $130/hr for associate attorney
time and $95/hr paralegal/legal assistant time. The Firm will also be reimbursed for all
reasonable expenses incurred in providing said services including, but not limited to:
photocopies, postage, long-distance telephone calls, approved travel, filing/recording
fees, court costs, depositions, and any other expenses that are incidental and
necessary to providing the Firm's services to the Corporation.
Fees and expenses will be itemized on a written invoice and billed to the
Corporation on a monthly basis and are due and payable upon receipt of the invoice.
The invoice will contain a detailed description of the services rendered, with time broken
down into tenth -of -an -hour increments, identifying the person performing the work, and
a description of all incidental expenses.
The Firm guarantees provision of services at the newly agreed -upon rates
through September 30, 2023. For subsequent years, the Firm may increase its rate by a
maximum of 4% annually by providing written notice to the City of Anna Economic
Development Director on or before July 31 to subsequently take effect October 1 of the
year of such increase. Reimbursement for costs and expenses will continue to be
reimbursed as described above. Fees and expenses will continue to be itemized on a
written invoice and billed to the City on a monthly basis and are due and payable upon
receipt of the invoice. Invoices will continue to contain a detailed description of the
services rendered, with time broken down into tenth -of -an -hour increments, identifying
the person performing the work, and a description of all incidental expenses.
WOLFE, TIDWELL & McCOY, LLP
Hon. Nate Pike
RE: Letter of Engagement for Legal Services
February 15, 2022
Page 2
If this letter confirms the understanding of the Corporation, please execute where
indicated below and return a copy of same to my office at your earliest convenience.
Please let me know if you have any questions. Thank you.
Sincerely,
Clark McCoy
AGREED:
Anna Housing Fina Corporation
By: Nate Pike, President