Amendment No. Seven with Davis Graham & Stubbs LLP for professional legal services, January 1, 2026 through December 31, 2026, estimated cost of $40,000 per year.

Summary

This item concerns Amendment No. Seven to the professional legal services retainer agreement between the Oklahoma City Employee Retirement System (ERS) and Davis Graham & Stubbs LLP. The amendment extends the contract for an additional one-year period, from January 1, 2026, through December 31, 2026. The estimated cost for this period is $40,000. Davis Graham & Stubbs LLP has provided legal services related to tax and pension laws to ERS since April 2010, assisting with tax law changes, municipal code amendments, and member communications. The amendment also updates the exhibit detailing hourly rates for legal personnel.

Citizen Impact

This is a renewal of a contract for legal services for the Employee Retirement System. Residents' direct impact is minimal, as it concerns the operational legal support for the pension fund rather than direct services or taxes.

Confidence

high