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HomeMy WebLinkAbout7010RESOLUTION NO. 7010 A RESOLUTION EXTENDING THE TERM OF THE PROFESSIONAL SERVICE AGREEMENT BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND McDONALD, HOLLIGAN & MCPHERSON, INC., CERTIFIED PUBLIC ACCOUNTANTS BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1• The Agreement between the City of Pueblo, a Municipal Corporation, and McDonald, Holligan & McPherson, Inc., Certified Public Accountants for the rendering of professional accounting services to the City of Pueblo dated October 16, 1989, a copy of which is on file in the City Clerk's Office, having been approved as to form by the City Attorney, is hereby extended to expire December 31, 1992. SECTION 2• The extended agreement shall be amended to include the following addendums: a) McDonald, Holligan & McPherson, Inc. agree that the maximum fee for the 1992 audit of the financial statements and preparation of the Comprehensive Annual Financial Report (CAFR) and all additional work necessary to comply with the Single Audit Act of 1984 shall not exceed $65,000.00. b) McDonald, Holligan & McPherson, Inc. agree to an hourly rate of $85.00 for all additional reports required to comply with the provisions of Amendment #1 - Taxpayers' Bill of Rights (TABOR) should it be approved by voters in the November 3, 1992 General Election. These charges will be limited to time spend on the TABOR Amendment and its consequences. Separate time - keeping records will be maintained for work performed in regard to the TABOR Amendment. SECTION 3: This Resolution shall become effective upon final passage. INTRODUCED September 28 , 1992 BY JOYCE LAWRENCE Councilperson ATTEST: APPROVED: a City Clerk Presi nt of the Council