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<br />City of Centerville <br />City Council Meeting <br />June 24, 2009 <br /> <br />VIII. NEW BUSINESS <br /> <br />1. Mr. George Eilertson. Northland Securities. Inc.. Finance Plan Summary <br /> <br />Mr. Eilertson thanked the City Council for the opportunity to work with Centerville. He <br />presented and reviewed the following three items with the City Council: <br /> <br />a. Finance Plan Summary - This document outlines the bond <br />recommendations and bond structure for the upcoming bond sale. <br />Northland is recommending that tax-exempt and taxable financing bids be <br />received and considered for Council approval at the July 220d meeting. <br /> <br />b. Resolution calling for the Issuance and Sale of $3.715.000 General <br />Obligation Imorovement Bonds. Series 2009A - Financing Bids would be <br />received at 10:30 a.m. at Northland Securities' offices and would be <br />presented to the City Council later that evening for approval. <br /> <br />Discussion ensued <br /> <br />c. Financial Advisor Agreement with Northland Securities - The agreement <br />states Northland's pre-sale and post-sale duties, as well as their <br />compensation. <br /> <br />Discussion ensued. <br /> <br />2. Financial Advisor Agreement - CitvINorthland Securities <br /> <br />Motion bv Council Member Lee. seconded bv Council Member Paar to aDD rove the <br />Financial Advisor Aueement between the City ofCenterville and Northland <br />Securities. All in favor. Motion carried unanimousIv. <br /> <br />3. Res. #09-0XX: - Calling for the Issuance & Sale of $3.715.000 General Obligation <br />Imorovement Bonds. Series 2009A (Pages 42-50) <br /> <br />Motion bv Council Member Broussard Vickers. seconded bv Council Member <br />Fehrenbacher. to aDDrove Resolution #09-0XX: Callinl!: for the Issuance and Sale of <br />$3.715.000 General ObIil!:ation ImDrovement Bonds. Series 2009A. All in favor. <br />Motion carried unanimousIv. <br /> <br />4. Review Trail Easements <br /> <br />a Authorize Additional Easement Appraisals - Not to Exceed $3,000 <br /> <br />Page 3 of5 <br /> <br />3 <br />