The Centerville City Council Monday night voted to proceed with a plan to find an independent financial advisor for the city.
Proposals will be sent March 1, returned by April 1 and finalists will be selected May 1 for interviews on May 12-16. The council is expected to have a recommendation to consider at their June 2 meeting.
The request for proposals for financial advisory services states the independent financial advisor will be expected to perform four tasks: Financial planning and debt management; capital budget programming; debt issue development and oversight; and investment program/arbitrage-rebate management/continuing disclosure.
Patrick Antonen, city administrator, said the idea to find an independent financial advisor started in August.
“I think it’s a good thing for the city to have a financial advisor,” Antonen said. “So, hopefully by June, we should have a financial advisor in place.”
Antonen said the money the financial advisor saves should be more than enough to pay for their services.
Executive Director Tod Faris presented Appanoose Economic Development Corporation’s annual report.
His report touched on AEDC activities since October of 2013.
Faris talked about the recent Iowa Governor’s Deer Hunt held in Appanoose County Jan. 3-5. Faris said 25 hunters, of which nine were site selectors from out of state, several CEOs and Donald Trump Jr. attended the event.
“The event couldn’t have gone much better,” Faris said. “In fact, Governor Branstad committed to come back to Appanoose County every year as long as he’s governor.”
Faris talked briefly about a site selector who attended the Governor’s Deer Hunt and has since come back to Centerville. Faris said he and Kelly Armstrong, a site consultant with Webster Global Site Selectors, toured Rathbun Regional Water Association, the old Walmart, the Square, the vacated Iowa National Guard armory and the APNC railroad office.