The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #2020-100
Resolution approving engagement letter with Public Financial Management (PFM) related to Sewer Plant funding planning
WHEREAS, The City of Monticello is desirous of contracting with PFM to assist the City with the review and analysis of options related to funding and financing the planned new Sewer Plant project, and
WHEREAS, PFM has proposed an Engagement Letter that sets out various terms and provisions related to the services they will provide, their qualifications, and proposed fees to assist the City with regard to the investigation of funding options and planning for the Sewer Plant project, and
WHEREAS, The City Council finds that engaging with PFM consistent with the terms of the engagement letter is in the best interests of the City, that the consideration of multiple funding options and generally planning for the Sewer Plant project is not only a large, but very important undertaking, and, therefore, execution of the proposed Engagement Letter should be approved.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of Monticello, Iowa does hereby approve of the proposed Engagement Letter and authorizes City Staff to work with PFM moving forward, consistent with the terms of the engagement letter and of this Resolution.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal of the City of Monticello, Iowa to be affixed hereto. Done this 5th day of October, 2020.
Brian Wolken, Mayor
Attest:
Sally Hinrichsen, Monticello City Clerk