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City of Centerville <br />February 11, 2004 <br />Council Meeting Minutes <br /> <br />Council Member Capra indicated she heard concerns from residents about final blacktop <br />being put on before all the houses went in resulting in broken up curbing that needed <br />repair. <br /> <br />Mr. Peterson indicated that the repairs would be made at a cost to Mr. Carlson and <br />clarified that there were only a couple of places needing repair. <br /> <br />Council Member Capra asked whether Mr. Peterson felt confident in this contractor. <br /> <br />Mr. Peterson indicated he has worked with them many times and they do good work. <br /> <br />Council Member Broussard Vickers asked if the Developer’s Agreement is in place. <br /> <br />Motion by Council Member Broussard Vickers, seconded by Council Member Paar <br />to approve Resolution #04-010 as presented. All in favor. Motion carried <br />unanimously. <br /> <br />3. Northland Securities, Inc. – Financial Advisory Service Agreement <br /> <br />Motion by Council Member Lee, seconded by Council Member Paar to approve the <br />Financial Advisory Service Agreement with Northland Securities, Inc., as presented. <br />All in favor. Motion carried unanimously. <br /> <br />nd <br />4. Resolution #04-013 Bond Issue Hunter’s Crossing 2 Addition Phase I <br /> <br />Motion by Council Member Broussard Vickers, seconded by Council Member <br />Capra to approve Resolution #04-013 as presented. All in favor. Motion carried <br />unanimously. <br /> <br />5. Notice of Call for Redemption – G.O. Water Revenue Bonds, Series 1996 <br />Resolution #04-012 <br /> <br />Council Member Capra asked where the money to pay off would come from. <br /> <br />Ms. Paulseth indicated the City has all but $50,000 and she suggests the remainder come <br />from the water fund to be borrowed and paid back over the next three years. She then <br />noted that there would still be a shortage of $13,000 or $14,000 because of the <br />prepayment, but paying them off saves $24,000 in future interest. <br /> <br />Motion by Council Member Lee, seconded by Council Member Paar to approve <br />Resolution #04-012 as presented. All in favor. Motion carried unanimously. <br /> <br />6. Water Revenue Bonds, Series 1996 – Resolution #04-011 (Transferring of Funds) <br /> <br />Motion by council Member Capra, seconded by Council Member Paar to approve <br />Resolution #04-011 as presented. All in favor. Motion carried unanimously. <br />Page 11 of 15 <br /> <br />