Minutes 10/28/1986 - Laserfiche WebLink

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-. qO~ TUESDAY, OCTOBER 28, 1986 /- Council unanimously approved a proposed lease agreement (and authorized City Manager Brown's execution thereof on behalf of the City) by which the City will lease six (6) enumerated parking spaces from the City-leased parking lot at the corner of Franklin and Depot Streets (which spaces City Manager Brown reported are not needed for downtown customer parking) to the United States Government, at a total annual rental fee of $720.00, for Use by an Armed Forces Recruiting Center's motor vehicles. - Council unanimously placed on first reading a proposed ordinance (being No. 86-9), prepared by a special committee composed of Mayor Oakes, Councilman Cole, City Attorney David B. Worthy, and City Manager Brown, by which ordinance and its adoption the Council may grant a renewal franchise to Multi-Channel TV Cable Company for the operation and maintenance of its cablevision system in the City for a five-year period beginning January 1, 1987, Subject to condi- tions set forth in said ordinance and subject to a dUly-advertised public hearing to be conducted thereon, which hearing Council scheduled for its forthcoming November 11th meeting. Council acknowledged receipt of copies of a Report on Audit (i.e., Financial Statements, including the Auditors' Opinion, the Auditors' Report on Internal Accounting Control(s), the Auditors' Report on Compliance, and a Schedule of Findings and Questioned Costs), as prepared by the CPA firm of Ford, Hogg & Cobbe for the City's fiscal year ended June 30, 1986. Representing the accounting firm in the presentation of the report was Mr. Robert F. St. Lawrence, CPA, a partner in the firm, from whom Council was pleased to learn that many of the audit findings and recommendations of the immediate past years have been resolved and/or complied with, there being but four areas (of accounting controls and/or procedures) currently requiring improvements, as follows: