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EDC considers hiring city's chosen auditor; engagement capped at $6,000 (hourly)
Summary
The city selected a firm for the municipal audit; staff asked the EDC to consider using the same auditor for the EDC engagement. Allison said six bids arrived and the chosen firm's engagement letter lists a maximum of $6,000, billed hourly and not to be exceeded.
Chair (S1) presented item 6b: a recommendation to consider the auditor the city selected for the EDC engagement. Allison (S5) told the board the city received six bids and that the chosen firm was the most qualified and aligned with the city's timeline. She said the engagement letter for the EDC shows a fee that "is listed in here as a maximum of $6,000, but it is hourly. So I will not exceed 6,000."
Committee member (S3) moved to approve auditor Donald L. Allman for the EDC engagement and the motion was seconded. The transcript documents the engagement letter, the $6,000 cap, and staff expectation that actual hours will likely be less given the limited activity in the EDC's books; the segments do not record a roll-call vote in the provided excerpt.
