Monday, February 2, 2009

$83,000 payment

On the $5,000 report of the consent agenda for tomorrow night's City Commission meeting, there are two payments from the Electric Fund: The December power payment for $700,775 and a payment of $83,145 to A Dashen and Associates. The later is for financial advisory services provided from July 2005 through December 2007.

A search of the city's website show three links pertaining to this company. The most important one is from the July 19, 2005 City Commission work session where the minutes indicate: "Electric City Power's first step in financing the Highwood station was hiring a financial advisor. Dashen and Associates was recommended by DA Davidson".

I checked the minutes of 2005 through July 19 and could not find a vote authorizing the hire of A Dashen and Associates.

Where did the $83,000 come from? ECP is broke.

3 comments:

Anonymous said...

WOOOOHOOOOO SME is outta HIGHWOOD!!!!!!!!!! Cancer plant be GONE!

Anonymous said...

Tim will still be looking to the good citizens of Great Falls to finance his adventures through his front end laundering company ECP!

Anonymous said...

Until the HGS site is a PARK or has a conservation easement, the threat of a coal-fired power plant is not dead.