Dec 26, 2013 9:41 AM by AP (MGN Online)

Dispute over adviser could stall Shreveport work

A list of projects from a 2011 city bond issue may be on hold as Shreveport's mayor and City Council argue over the use of a financial adviser.
Among those projects, KSLA-TV reports is $2.8 million in construction to improve a drainage ditch.
The council earlier this month rejected a resolution allowing the city to continue to work with financial adviser Grigsby and Associates. Council members say Calvin Grigsby overbilled the city by charging for three transactions in 2011 instead of one. They want Grigsby to repay more than $50,000.
That's one of 13 questionable expenses totaling $677,333 identified in a council audit.
The 2011 bond issue, refinancing bonds for a convention center hotel, and bonds for sewer work all need a financial adviser to oversee them.


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