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<br />City ofCenteMlle <br />Council Meeting Minutes <br />December 23, 2003 <br /> <br />Motion bv Council Member Broussard Vickers, seconded bv Council Member Lee <br />to table the Caoital Imorovement Plan and Caoital Asset Policv to a Council Work <br />Session in January as oresented. <br /> <br />Ms. Moore-Sykes noted the Capital Asset Policy should be approved prior to year end. <br /> <br />Council Member Lee withdrew his second. Council Member Broussard Vickers <br />withdrew her motion. <br /> <br />Motion bv Council Member Broussard Vickers, seconded bv Council Member <br />Caora to table the Caoital Imorovement Plan, Resolution #03-070 to a Council <br />Work Session in January, 2004. All in Favor. Motion carried unanimouslv. <br /> <br />5. Capital Asset Policy - Resolution #03-071 <br /> <br />Ms. Moore-Sykes presented the Capital Asset Policy for Council consideration. <br /> <br />Motion bv Council Member Broussard Vickers, seconded bv Council Member Lee <br />to aoorove Resolution #03-071 as oresented. All in favor. Motion carried <br />unanimouslv. <br /> <br />6. Audit Engagement Letter <br /> <br />Ms. Moore-Sykes presented the audit engagement letter for Council consideration. <br /> <br />Council Member Capra asked for further explanation of the last paragraph of the letter <br />regarding a higher cost for a risk assessment. Ms. Moore-Sykes replied the process might <br />be a little longer for this process, but she did not believe the cost would be much. <br /> <br />Motion bv Council Member Broussard Vickers, seconded bv Council Member Paar <br />to aoorove the Audit En2a2ement Letter as oresented. All in favor. Motion carried <br />unanimouslv. <br /> <br />7. Hunters Crossing. 1 st Addition Escrow Reauest <br /> <br />Mr. Peterson explained this would return Mr. Carlson's escrow of $7,000 that was paid <br />under condition of the Hunters Crossing Phase I Development Contract executed in 2000. <br /> <br />Council Member Capra asked about the repair of the curb in the area. Mr. Palzer replied <br />Mr. Carlson had stated he would repair the curbs during the next phase. <br /> <br />Council Member Lee asked ifthere was any reason they would not want to hold onto the <br />escrow funds until the warranty period had expired. Mr. Hoeft replied the finance <br />department was interested in closing out accounts and cleaning them out, however, <br />Council may want to hold on money depending on the contractor's track record. He <br />noted this would not set a precedence for the next developer. <br /> <br />Page 8 of 11 <br />