NEW YORK STATE URBAN DEVELOPMENT CORPORATION d/b/a ...

DRAFT – SUBJECT TO REVIEW AND REVISION
connection with the implementation of the Guidelines and to take related actions.
legal services.
* * *
The Directors were then asked by Mr. Beyer to authorize ESD to amend a contract for
Mr. Beyer explained that the Directors were being requested to authorize ESD to amend
its retainer agreement with the law offices of Donald Tobias to continue to provide services in
connection with creditor’s rights, collections, workouts, bankruptcy and foreclosure matters.
Mr. Beyer went on to note that Donald Tobias handles a large number of matters in an
efficient manner and at a rate substantially less than ESD’s current maximum rate of $400 per
hour.
Mr. Beyer continued and explained that the maximum amount of the firm’s current
retainer has been reached and ESD is seeking this amendment so Mr. Tobias can continue to
service the Corporation’s workout matters.
Following Mr. Beyer’s full presentation, the Chair called for questions or comments.
Hearing none and upon motion duly made and seconded, the following resolution was
unanimously adopted:
Empire State Development – Authorization to Amend a Contract to Provide Legal
Services and to Take Related Actions
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