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Council unanimously approved awarding Brown Edwards a forensic audit services contract and authorized the city manager to approve a letter of intent for the sale of the Wells Fargo Building. Council also unanimously authorized agreements intended to avoid potentially significant power congestion costs during periods of high demand.
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The forensic audit will examine the city's finances, while the Wells Fargo action moves a potential property sale forward but does not complete the sale. The city manager said Radford is being evaluated for possible fiscal distress, although no determination had been made. Council also approved a tool intended to limit added transmission costs when the power grid is congested.
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