The City of Monticello, Iowa
RESOLUTION #2024-154
Approving engagement letter with Public
Financial Management (PFM)
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 Capital Projects, and
WHEREAS, PFM has proposed an Engagement Letter that sets out various terms and provisions to provide, municipal advisory services related to the financial planning and development of planning models for various capital projects, infrastructure and TIF developments, 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 various Capital Project including the Northridge subdivision and Stephen subdivision projects are not only sizable, 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 21st day of October, 2024.
Wayne Peach, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer