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The Office seeks to renew our agreement with Thomson Reuters for WestlawNext online legal research. <br /> Our current subscriber agreement expires on December 31, 2013. We have been offered several options for <br /> WestlawNext. <br /> With a three year contract the breakdown would be- 1st year cost $3,142.50/month, 2nd year cost <br /> $3,173.93/month (1% increase above year one), and 3-year renewal at $3,205.66/month (1% increase <br /> above year two). <br /> Total cost summary -- <br /> WestlawNext: <br /> 1-year renewal - $37,710.00 <br /> 2-year renewal - $38,087.16 <br /> 3-year renewal - $38,467.92 <br /> Three Year Grand Total with renewable contract would be $114,265.08. <br /> Without a discount for entering into a three year agreement the cost would be- 1st year cost 1 <br /> $3,281.86/month, 2nd year $3,511.50/month, and Year 3rd year $3,757.40/month. <br /> 1st year no-contract - $39,382.32 <br /> 2nd year no-contract - $42,138.00 <br /> 3rd year no-contract - $45,088.80 <br /> Three Year Grand Total without a contract would be $126,609.12. <br /> We have been utilizing Westlaw for legal research for over 18 years. The plan offers unlimited access to 35 <br /> attorneys and other appropriate support staff. It should be noted that the monthly rate is a tremendous <br /> savings over paying for research at the customary hourly rate and that we have been able to reduce our <br /> book subscriptions in lieu of providing our legal staff online research capabilities. <br /> We request a waiver of Finance Committee action in order to complete the approval process prior to our <br /> agreement expiration date. <br /> DATE://- <br /> ATE:` / /? <br /> Department Head <br />