PROFESSIONAL_SERVICESPENDING

Urban Renewal Agency Special Meeting Agenda October 2025

Urban Renewal Agency Considers Professional Services Contract with Clearwater Financial

$12,000 per year retainer (Professional Services); Additional project costs as agreed; Financing advisory fee schedule varies by financing sizeCity of Twin FallsCLEARWATER FINANCIAL LLCOctober 13, 2025

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Description

The Twin Falls Urban Renewal Agency is considering a Master Services Agreement with Clearwater Financial LLC to provide professional, planning, economic development, and municipal advisory services for $12,000 a year, plus additional project-based fees. The contract covers RFP support for downtown development and allows for annual renewals up to five years.

Contract Details

Contract Amount

$12,000 per year retainer (Professional Services); Additional project costs as agreed; Financing advisory fee schedule varies by financing size

Vendor

CLEARWATER FINANCIAL LLC

Agency

City of Twin Falls, ID

Contract Type

PROFESSIONAL_SERVICES

Document Date

October 13, 2025

Contract Term

One (1) year initial term from execution, with 5 automatic one-year extensions; renewable annually

Renewal Date

2026-10-13

Renewal Info

Agreement will automatically extend for five additional one-year terms unless terminated by either party with 30 days' advance written notice before anniversary date. Addendums for additional scopes/projects and separate municipal advisory engagements are permissible. Retainer renews annually at $12,000 per year.