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Agency counsel: Qwest project closed; Urbanomics contract sent for signature
Summary
Agency counsel reported the Qwest project closed in June and that the IDA, school district and city received owed funds. Counsel also said edits to the Urbanomics contract clarified the consultant would not guarantee specific results and that the contract was sent for signature.
Agency counsel, identified as Darius, told the board that the long‑running Qwest project closed in June and that all funds owed to the Industrial Development Agency, the school district and the city have been received.
Darius said the closing involved multiple parties and required substantial negotiation. He also reported staff and counsel finalized edits to the Urbanomics contract to clarify the consultant would not guarantee particular outcomes; the contract was returned to Urbanomics for signature and will be sent to the board chair for execution once received.
No delivery timetable for Urbanomics’ work product was provided; counsel said staff would ask Urbanomics for a time estimate. Counsel also said staff would check on upcoming IDA training opportunities and report back at the next meeting.
