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2006-45

A RESOLUTION

AUTHORIZING THE CITY OF LAKEWOOD TO ENTER INTO A CONTRACT BETWEEN THE CITY AND SWANHORST & COMPANY LLC, CERTIFIED PUBLIC ACCOUNTANTS, TO PERFORM THE ANNUAL FINANCIAL STATEMENT AUDIT FOR THE CITY OF LAKEWOOD, COLORADO.

NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Lakewood, Colorado, that:

WHEREAS, Section 3.04.070 of the Lakewood Municipal Code requires that any purchase costing $50,000 or more that is not acquired through a competitive bid process be approved by City Council; and

WHEREAS, the City Of Lakewood desires to obtain a certified public accounting firm to perform the annual financial statement audit; and

WHEREAS, pursuant to Section 3.04.040 of the Lakewood Municipal Code, the firm of Swanhorst & Company LLC is judged to possess a high degree of professional skill and their services are thus exempt from the City's competitive bidding requirements.

WHEREAS, Swanhorst & Company LLC has served as the external auditor for the City for the past five years.

WHEREAS, Swanhorst & Company LLC has agreed to a one-year contract with the option to renew for four years.

WHEREAS, the City's Budget & Audit Committee has evaluated Swanhorst & Company LLC's performance over the past five years and recommends that this new contract before City Council be approved.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakewood, Colorado that:

SECTION 1. The City is hereby authorized to enter a contract with Swanhorst & Company LLC to perform the annual audit for the City of Lakewood, Colorado for the year 2006. Said contract shall have a cost of $60,000 with annual escalations as attached.

SECTION 2. The City Manager is authorized to execute and the City Clerk to attest a contract, with Swanhorst & Company LLC in form approved by the City Attorney, related to the project set forth above.

SECTION 3. The City Treasurer is hereby authorized to make payment to Swanhorst & Company LLC in accordance with the terms of said agreement.

SECTION 4. This Resolution shall be in full force and effect upon its passage and approval

INTRODUCED, READ AND ADOPTED by a vote of 11 for and 0 against at a regular meeting of the City Council on July 24, 2006, at 7 o'clock p.m. at the Lakewood Civic Center, 480 South Allison Parkway, Lakewood, Colorado.

Stephen A. Burkholder, Mayor

ATTEST:
Margy Greer, City Clerk

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