Approve $150,000 expansion of Newdorf Legal contract and hire Keller Rohrback for derivatives lawsuit

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In Plain English

The city extends its contract with Newdorf Legal by $150,000, bringing the total to $400,000 through June 2025. The city also hires Keller Rohrback law firm on a contingency basis to handle a lawsuit about financial advice the city received regarding investment swaps and derivatives. If approved, Keller Rohrback only gets paid if the city wins the case.

Auto-generated summary. Source: official agenda documents.