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Oversight board reviews engagement letters, plans $100,000 cap and county council update
Summary
An oversight board said it has received engagement letters from Crowe Horwath and Barnes & Thornburg, will seek language capping combined fees at $100,000, and is scheduled to report to the county council; the treasurer reported a $100,000 balance and the board approved minutes before adjourning.
An oversight board said it has received engagement letters from financial consultant Crowe Horwath and legal counsel Barnes & Thornburg and is refining the scopes and fee language ahead of a recommendation to the county council.
The board’s presiding speaker said the two engagement letters “basically just define the hourly rates that they’re gonna charge” and that there will be no upfront retainer; firms would submit progress billings, typically at the end of each month. The presiding speaker added the board is seeking language that would cap combined fees so the two…
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