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Council approves $249,000 scoping audit of Loveland Urban Renewal Authority after narrowing language
Summary
Council approved a $249,000 appropriation (Ordinance 6749) to fund an Ernst & Young scoping engagement for the Loveland Urban Renewal Authority, removing the word "forensic" from the ordinance after council concern; an attempt to cut the appropriation to $125,000 failed.
Loveland City Council on Dec. 3 approved an appropriation of up to $249,000 to hire Ernst & Young (E&Y) for a scoping and ancillary audit of the Loveland Urban Renewal Authority (LURA), after councilors successfully removed the word "forensic" from the ordinance.
The motion to adopt Ordinance 6749 on second reading was made and seconded; during debate several councilors argued the phrase "forensic audit" overstated the initial scope. "It's not a forensic audit," City Attorney Vincent Jungles told the council, describing the first phase as a…
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