04-11-2012 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL APRIL 11, 2012 The Administrator then reported that his plan would he to hire a part -time accounting clerk once the finance director position has been filled so that that person can be involved in the hiring process. The Administrator indicated that he would be advertising for the finance director position as soon as possible. If Shelly Rueckert submits a proposal, that proposal would be considered as well. The Administrator pointed out that Rueckert is still assisting Little Canada in finalizing the 2011 audit. 13lesener suggested that the position be advertised as an accounting supervisor with the intention that a person would be hired with the right skills to advance to a finance director level. The Administrator noted that this was the approach taken when Shelly Rueckert was hired. He indicated that he reviewed the titles of finance personnel in other cities of similar size, and most had finance directors. The Administrator indicated that he hopes to hire a person with the skill set that can grow and develop in the job over the long term. The Council was in agreement with the approach proposed by the City Administrator. FINANCIAL The City Administrator recommended that the City hire Rusty Fifield of ADVISORY Northland Securities be hired to serve as the City's financial advisor on SERVICES the Northeast Redevelopment Project. He indicated that the City utilizes the services of a financial advisor for such things as bond issues and tax increment financing services. The Administrator reported that when he began working for the City, Juran & Moody was the City's financial advisor. Northland Securities is the successor to Juran & Moody. The Administrator reported that several years ago the City did a request for proposal (RFP) for financial advisory services. At that time, Ehlers & Associates was hired and Rusty Fifield worked for Ehlers and was the City's contact. Fifield left the firm in the early 2000's and went to a planning firm. Fifield has gotten back into the financial advisory field and is working for Northland Securities. He has expressed an interest in providing this service to Little Canada, and the Administrator suggested that having Fifield undertake this project will be a good evaluation tool to determine if Northland Securities should serve as the City's financial advisor going forward. The Administrator did not anticipate any cost savings in making this move, but felt the input the City would receive may be valuable. 3