Utah County commissioners decided Monday that the county does not need a financial adviser to assist with the upcoming $7.7 million special bond election for the Utah Valley Special Events Center.
Last week commissioners considered a proposed agreement with Smith Capital Markets for financial advice in running the election and in securing an investment firm should the bond issue pass. At the same meeting, a representative of First Security Bank asked commissioners to allow his firm to present a proposal for the same service.However, acting on advice from County Auditor Bruce Peacock and County Treasurer Leonard Ellis, the commission decided that county personnel have the expertise needed to handle the matter.
Because construction on the special events center would not begin until 1992, Ellis said the county will not be considering investment firms until that time. He said requests for proposals will only need to be sent to a handful of investment firms.
The election is set for April 9.