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Council approves master services agreement with Clearwater Financial, including $12,000 annual retainer
Summary
Lewiston approved a Master Services Agreement with Clearwater Financial that includes an annual $12,000 retainer for limited consulting services; councilors asked about scope limits and additional costs for larger projects.
The Lewiston City Council on March 10 approved a Master Services Agreement with Clearwater Financial LLC and authorized the mayor to sign the agreement, including an annual retainage fee of $12,000.
The agreement covers municipal advisory and financial services and runs through Sept. 30 of the current year, with automatic renewals for up to five additional one-year terms contingent on annual appropriation. The mayor explained that the $12,000 retainer covers Clearwater Financial’s work on projects that require up to 45 consultant hours; tasks requiring more time would need…
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