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Long Lake hires Holland & Knight to advise on possible Whitney Park gift, caps legal fees at $60,000
Summary
The board authorized special counsel Holland & Knight to advise on legal matters tied to a potential gift from the Estate/Trust of John F. Hendrickson (Whitney Park proceeds), directing a confidential counsel session, public information meeting, and a fee cap of $60,000 for the remainder of the fiscal year.
The Town Board on Aug. 27 approved Resolution 41 authorizing the town to engage Holland & Knight, LLP as special town counsel to advise on legal matters connected to a potential gift — described in the meeting as proceeds from the sale of Whitney Park and identified by representatives of the Estate/Trust of John F. Hendrickson. The resolution directs the Town Supervisor and Town Attorney to execute an engagement letter substantially conforming to the reviewed draft and requires monthly reports and budget reviews for board meetings.
Resolution language included a budgetary limit: the board authorized fees and expenses for the remainder of the fiscal year “shall not exceed $60,000 without further Board action.” The resolution also called for a confidential legal counseling session with Holland & Knight as soon as practical and for a public information session to gather community input on structures and strategies for managing any gift for the long-term benefit of the town.
