The filed record
Amendments to Retainer Agreement Purchase Order 6035311 with Osler, Hoskin & Harcourt LLP for Legal Services Related to Pension and Benefits Issues
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The decision
2022-06-07 · General Government and Licensing Committee · adopted
As filed
The General Government and Licensing Committee: 1. In accordance with Section 71-11.1C of the City of Toronto Municipal Code Chapter 71 (Finance Control) authorized the City Solicitor to increase the value of the retainer with Osler, Hoskin & Harcourt LLP on Purchase Order 6035311 by an additional $75,000, from $1,200,000 to $1,275,000, net of all applicable taxes and charges and extended the term validity date to December 31, 2022.
On the agenda
As the city filed it
The law firm of Osler, Hoskin & Harcourt LLP (Osler) was retained in 2012 by the City to provide legal advice and support with the merger of City-sponsored legacy pension plans with the Ontario Municipal Employee's Retirement System. A small number of isolated individual surplus distribution issues remain outstanding, where Osler's guidance is still required, as well as the transition to City administration of the Police Retirement Compensation Arrangement.
Show the rest of As the city filed it, 658 more characters as filed
By letter dated March 14, 2022 from the City Solicitor, the time for completion was extended to December 31, 2022. The current retainer stands at $1,200,000. An additional $75,000 on top of the current retainer amount should be sufficient to complete the outstanding matters by the end of 2022. Osler's longstanding involvement in this multi-year process and their effective guidance on the numerous unanticipated complexities arising over time, suggests that it would not be prudent and would cause delay and additional cost to the City to go to market to retain a new firm which would not have the history and familiarity with this nearly-completed matter.
Staff recommended
The Controller, the City Solicitor, and the Chief Procurement Officer, Purchasing and Materials Management recommend that: 1. The General Government and Licensing Committee, in accordance with Section 71-11.1C of the City of Toronto Municipal Code Chapter 71 (Finance Control By-Law) authorize the City Solicitor to increase the value of the retainer with Osler, Hoskin & Harcourt LLP on Purchase Order 6035311 by an additional
Show the rest of Staff recommended, 135 more characters as filed
$75,000, from $1,200,000 to $1,275,000, net of all applicable taxes and charges and extend the term validity date to December 31, 2022.
On the record
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