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