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Legal has reviewed the agreement from Flaherty & Hood. <br />Staff would like to move forward with the proposal from Flaherty & Hood to provide Compensation <br />update services to our current Compensation plan structure. <br />FISCAL IMPACT: <br />This is included in the 2026 Administration budget for contract services. <br />OPTIONS: <br />Approve the agreement with Flaherty & Hood for Compensation Update Services. <br />Approve the agreement with changes for Compensation Update Services with Flaherty & Hood. <br />Don’t proceed with agreement for Compensation Update Services. <br />RECOMMENDATION: <br />“Motion to approve the Flaherty & Hood agreement providing compensation update services.” <br />ATTACHMENTS: <br />Lake Elmo Compensation Policy <br />Flaherty & Hood presentation <br />Proposals <br />Flaherty & Hood Services Agreement