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Magna CRA hires Clearwater Financial as adviser; board approves $12,000 annual retainer with one dissent
Summary
The board approved contracting Clearwater Financial as the Magna CRA’s financial and economic development adviser with a $12,000-per-year retainer covering up to 40 hours of work; the motion passed with one dissent recorded from vice chair Pierce.
The Magna Community Reinvestment Agency voted on July 8 to contract Clearwater Financial as its financial and economic development adviser, approving a retainer arrangement intended to cover smaller project requests. Dan Torres presented the recommended engagement and compared Clearwater’s offer with a larger‑scale option from Zions Bank.
"Their retainer is $12,000 a year, and it…
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