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City of Centerville <br /> Council Meeting Minutes <br /> April 24, 2013 <br /> with the City's previous Standard & Poors rating of AA and with Mr. McDonald's <br /> findings it is anticipated that the City will retain that rating. Mr. Eilertson felt that it was <br /> a favorable market with low interest rates. <br /> VII. OLD BUSINESS <br /> 1. 7261 Main Street Property <br /> Administrator Larson reported that he had entered into discussions with Home Detail, <br /> Inc., forwarded a summary outlining a draft agreement and is waiting for response. Once <br /> a response is received, it will be forward to Legal Counsel for review. <br /> VIII. NEW BUSINESS <br /> 1. 2012 Annual Audit <br /> Motion by Council Member Paar, seconded by Council Member Kine to accept the <br /> 2012 Annual Audit as presented. All in favor. Motion passed unanimously. <br /> 2. Res. #13 -014 — Providing for the Issuance & Sale of $1,510,000 G.O. <br /> Improvement Bonds, Series 2013A, (2013 Street Improvement Project) <br /> Motion by Council Member Paar, seconded by Council Member Fehrenbacher to <br /> approve Res. #13 -014 — Providine for the Issuance & Sale of $1,510,000 G.O. <br /> Improvement Bonds, Series 2013A (2013 Street Improvement Project) as presented <br /> Kine opposed. Motion passed. <br /> 3. Financial Advisor Agreement (City/Northland Securities) <br /> Motion by Council Member Paar, seconded by Council Member Love to approve <br /> the Financial Advisor Agreement between the City of Centerville & Northland <br /> Securities as presented. Kine opposed. Motion passed <br /> IX. ANNOUNCEMENTS/UPDATES <br /> Administrator Larson suggested a work session following Council's next regularly <br /> scheduled meeting to discuss 2013 goals and the first draft of the 2014 budget. <br /> Council Member King reported that another settlement order may be forwarded to the <br /> FCC regarding Comcast fees. <br /> Page 3 of 5 <br /> 9 <br />