The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #2022-95
Approving engagement letter with Dorsey & Whitney LLP related to role as bond counsel for the USDA financing for the Wastewater Treatment Plant Improvement Project
WHEREAS, The City of Monticello is desirous of contracting with Dorsey & Whitney LLP to assist the City as bond counsel related to the interim construction-period financing and long-term financing for the Wastewater Treatment Plant Improvement Project, and
WHEREAS, Dorsey & Whitney LLP has proposed an Engagement Letter that sets out various terms and provisions related to the services they will provide and proposed fees to assist the City with regard to the bond counsel related to the USDA Wastewater Treatment Plant Improvement Project, and
WHEREAS, The City Council finds that engaging with Dorsey & Whitney LLP consistent with the terms of the engagement letter is in the best interests of the City, that the bond counsel related to the USDA Wastewater Treatment Plant Improvement Project for the planned new Sewer Plant project, which 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 Dorsey & Whitney LLP 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 1st day of August, 2022.
David Goedken, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer