At the meeting, the council will discuss in further detail plans it has put in place to apply for a Disaster Recovery (DR-2) Grant.
At the town's monthly meeting Tuesday, Hannum, Wagle and Cline Engineering representative Lindsey Glover met with the council to discuss water and wastewater projects.
According to Council President Roy Smith, the town has been informed by the state certain upgrades are needed in order to meet specific standards.
After reviewing several options, Glover told the council its best bet is to begin the application process for a DR-2 through the Indiana Office of Community and Rural Affairs (OCRA), which has to be completed by July 2.
In 2009, Congress appropriated $300 million in Community Development Block Grant funds following the 2008 flooding.
Indiana, according to the OCRA website, was awarded $67 million in recovery funding.
During Tuesday's meeting, Smith informed town residents he was confident the town would meet the criteria for the grant funding.
"Our chances are pretty good at getting this done," Smith said. "The town has been told it is a fundable project."
The council then voted 3-0 to pay Hannum, Wagle and Cline $12,000 for work already completed.
Glover said the firm began working with the town in January.
The initial idea was to put together a utility master plan. However, those plans were scrapped after the organization believed the town was in a good position for DR-2 funds.
Glover estimated the project at $1 million.
"We're optimistic for (Center Point) based on our past history of working with other communities," Glover said.
Meanwhile, the council unanimously approved a measure to work with Action Pest Control regarding bug spraying in low-lying areas within town limits.
The Washington-based company met with the council Tuesday evening to discuss the issue.
Company Branch Manager Justin Summers said this is the first time the organization would be working with the town.
He informed the council the company would spray twice a month for a price of $800 through September.
"There's not a whole lot to it," Summers said.
In addition, he told the council the company could provide additional services, but the cost was estimated at $1,400 monthly.
The council declined the additional services.
The council meets regularly on the first Tuesday of each month at town hall. Its next regular meeting is scheduled for 6 p.m., July 6.