Central Penn Business Journal reports:
Harrisburg City Council plans to hire independent counsel to review Mayor Stephen R. Reed’s 75-year lease proposal of the Harrisburg Parking Authority’s parking facilities and meters, council members said last night during their legislative meeting.
The independent counsel should include an attorney and a financial consultant not connected to the city, which can make an unbiased recommendation to the legislative body, said Dan Miller, council vice president.
“The decision cannot be reversed once we make it,” Miller said. “I encourage council to hire independent counsel and hope we are not forced into any artificial timelines.”
After an ordinance was read, which introduced the proposal to council, President Linda D. Thompson placed the ordinance in council’s administration committee. It will be further discussed in committee, she said. The next administration committee meeting has yet to be scheduled, said Beth Ann Gabler, city clerk.
Council is obligated to take a piece of legislation like this and perform the due diligence necessary to make sure the deal is in the best interest of Harrisburg, Thompson said. She said it is the third largest deal that has come before her on council. The deal would deliver $215 million to the city up front but hands parking operations over to an outside company.