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<br />Pursuant to due call and notice thereof the City Council of the <br />City of Centerville held their regular meeting on Wednesday, July <br />10, 1991 at the City Hall. Mayor Buckbee called the meeting to <br />order at 7:04 p.m. Present: Dario, Burgstahler, Pelton, <br />Wilharber. <br /> <br />Mayor Buckbee opened the meeting by stating that he felt that <br />Mayor George Haberman had done an excellent job for the City of <br />Centerville and that Mayor Buckbee in his term will try do the <br />very best that he can to serve the public. <br /> <br />Motion by Pe~ton, second by Dario to approve the June 26, 1991 <br />City Council meeting minutes,. Aye - Buckbee; Aye - Pelton; Aye- <br />Dario; Abstain Burgstahler; Abstain Wilharber, motion <br />carried. <br /> <br />APPEARANCES <br /> <br />Ga~v Groehn. Abdo. Abdo & Eich. 1990 Finaucial Statement <br />Gary Groehn, City Auditor from Abdo, Abdo, & Eich presented the <br />report of the 1990 Financial Statement. <br /> <br />Mr. Groehn advised that City's fund balance of $222,867.00 was <br />sufficient for operation and solid for working capital needs. He <br />suggested that the 1988 Water Tower Fund be closed out and <br />transferred into a debt service fund. He recommended that 1987 <br />Improvement Project is now complete and the remaining funds <br />should now be transferred into the a debt service fund. Mr. <br />Groehn advised that due to the growth of the City he would like <br />to work with the City's staff to look at the chart of accounts <br />and to break out more classes of expenditure. He suggested <br />combining the cash and investment account into larger <br />investments. He noted that overall the City financial situation <br />appears to be very well. <br /> <br />Motion by Burgstahler, second by Buckbee to accept the 1990 City <br />of Centerville Annual Financial Statement dated year ended <br />December 31, 1990, motion carried unanimously. <br /> <br />A copy of the annual Financial Statement for 1990 is on file with <br />the Clerk/Administrator. <br /> <br />1991 Seal Coatin~ Bids <br />The City Council addressed a letter dated July 10, 1991 from <br />Maier, Stewart and Associates, Inc. regarding the 1991 Street <br />Seal Coating bids. The letter advised that bids for seal coating <br />were taken on Wednesday, July 10, 1991. It appeared that the low <br />bidder was Astect Corporation, St. Cloud, with a bid of <br />$14,749.50. The letter noted that the original estimate for the <br />bid was $28,000.00. <br /> <br />A copy of this letter is on file with the Clerk/Administrator. <br />