I guess the Half-Million+ staff the mayor currently has isn’t cutting it (Item #6, Consent Agenda, Sub-Item, 16);
Professional Services Agreement to Provide Financial Advisory Services, PFM Financial Advisors, LLC, Establish Pricing
So is this about actual financing? Read the agreement;
The purpose of this letter (this “Engagement Letter”) is to confirm our agreement that PFM Financial Advisors LLC (“PFM”) will act as financial advisor to the City of Sioux Falls (the “City”). PFM will provide, upon request of the City, services related to financial planning, budget and strategic advice and planning, policy development and services related to debt issuance, as applicable and set forth in Exhibit A to this Engagement Letter. Most tasks requested by the City will not require all services provided for in Exhibit A and as such the specific scope of services for such task shall be limited to just those services required to complete the task.
If you look further down on the agreement you will see this is about advising the city thru a bond agreement and the advisor gets paid according to the size of the bond. So what is the city planning to bond for? Is this about the convention center or something else? And whatever happened to the policy body advising the city on bonding and finances? Shouldn’t this be coming from the council? Oh, my bad, forgot they work for the mayor now 🙁
PLANNING MEETING HAS SOME INTERESTING TIDBITS
Including a conditional use permit for alcohol on the consent agenda (I think it is just a catering kitchen so there is likely NO alcohol served on-site just used in recipes) but it would be unusual for an alcohol license to be on consent even if it is harmless. Oh, and Mr. Hahn decided to come back to the city to re-zone more of his rental houses into office space. Wonder if he will tell the truth this time or just stack up some more lies. Really doesn’t matter I guess. In this town you can lie thru your teeth to city officials, get caught, still approve your plan, and a couple months later take another shot at it. Can’t make this crap up.