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City of Centerville <br />Council Meeting Minutes <br /> <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 /> <br />VII. OLD BUSINESS <br /> <br />1. 7261 Main Street Property <br /> <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 /> <br />VIII. NEW BUSINESS <br /> <br /> <br />1.2012 Annual Audit <br /> <br />Motion by Council Member Paar, seconded by Council Member King to accept the <br />2012 Annual Audit as presented. All in favor. Motion passed unanimously. <br /> <br /> <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 /> <br />Motion by Council Member Paar, seconded by Council Member Fehrenbacher to <br />approve Res. #13-014 – Providing for the Issuance & Sale of $1,510,000 G.O. <br />Improvement Bonds, Series 2013A (2013 Street Improvement Project) as presented. <br />King opposed. Motion passed. <br /> <br /> <br />3.Financial Advisor Agreement (City/Northland Securities) <br /> <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. King opposed. Motion passed. <br /> <br />IX. ANNOUNCEMENTS/UPDATES <br /> <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 /> <br />Council Member King reported that another settlement order may be forwarded to the <br />FCC regarding Comcast fees. <br /> <br />Page 3 of 5 <br /> <br /> <br />