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Council asked to authorize CFM analysis of city sewer conveyance system
Summary
Council members were asked to approve an agreement with financial adviser CFM to value the city’s sewer conveyance system as officials weigh repair costs and the possibility of a sale; an estimated $5,060,000,000 in repairs was cited in favor of exploring options, but no final vote appears in the transcript.
Council members heard a request to authorize city officials to execute an agreement with financial adviser CFM to perform a valuation and financial analysis of the city’s sewer conveyance system.
Speaker 2 said the analysis would help the city understand the system’s value and future…
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