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Authority approves $150,000 payment to Kidwell; declines undocumented expenses and directs remainder to construction fund
Summary
After a lengthy review, the board authorized $150,000 to Kidwell and Company for services tied to the bond measure, declined to pay $50,000 in undocumented expenses, and directed the trustee to deposit any excess into the construction fund; board members said the city may separately resolve other claims.
The Crossville Sports Authority voted to pay Kidwell and Company $150,000 for services related to the bond closing and to withhold payment of additional, undocumented expense claims submitted by the firm. The board also instructed the trustee to deposit any unused portion of the $600,000 referenced in closing documents into the construction fund.
The dispute arose after the authority discovered an attachment in the closing packet that requested additional payments beyond the $150,000 fee specified in the authority’s contract. Counsel and accounting advisers told the…
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