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4. Questions have been raised by council members and members of the public as to whether consultant expenditures for economic development (including especially the Twin Lakes project) have a valid public purpose or have been properly authorized by the council. 5. `I'he council has a clear duty to review past expenditures and control future expenditures to make sure that legal standards are met. This is the council's responsibility — we are accountable to the taxpayers for meeting it. Resolutions and Policies for Controlli� Consultant S�ending The following proposed resolutions and policies are attached for council consideration and approval: 1 Resolution calling for independent review of economic development consulting expenditures from 2001 through present 2. Resolution removing economic development budget line item for professional services fees 3 Resolution requiring that professional consulting service expenditures in excess of $500 must be approved and authorized by the city council before services are provided 4 Resolution prohibiting spending against future tax increment on development projects not finally approved by council 5 Guidelines and controls for hiring professional consultants. i��]]urli�IS � BE IT 1ZE50LVED that the City Council shall authorize an independent review of econorriic development professional services expenditures made from 2001 to the present, to determine whether the expenditures had a legitimate public purpose and were properly authorized by the council. Resolution 2 BE IT RESOLVED that the line item authorizing expenditures for professional services in the economic development budget shall be deleted. Resolution 3 BE IT I�:ESOLVED that professional consulting service expenditures in excess of $500 must be approved and authorized by the city council before services are provided.