Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Frostburg to hire bond counsel for CSO projects; engagement cap proposed at $50,000
Summary
Staff recommended engaging McGuire Woods as bond counsel for two combined-sewer-overflow projects (CSO 10b and 10c); cost estimates rose to $10,000–$20,000 per loan and staff proposed a conservative $50,000 not-to-exceed cap for both agreements.
City staff asked the council to approve a bond-counsel engagement to support two planned combined-sewer-overflow projects, CSO 10b and 10c, saying about half of the projects’ funding will be debt and loan forgiveness that requires third‑party counsel.
Elaine, the city’s finance director, briefed commissioners on discussions with McGuire Woods. She said the firm…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
