Ron Littlefield began by comparing his experience as Mayor to a long journey across a thick, tangled wilderness.
"Only when you get to the other side and look back can you appreciate how far we have come and all the hurdles and hardships that have been endured," he said.
He covered the seven steps strategy he first introduced while running in 2005.
One of which was filling the economic gap.
"It's not an exaggeration to say that this administration, these eight years during this time we've installed a new manufacturing heart in this old industrial city and we can all be proud of it," stated Littlefield.
Mayor Littlefield says he was offended and amused by some candidates in the most recent elections stance on the city's financial condition.
"The true story is right there on our website freely and publicly available. Let me put this simply and underscored. The city is in excellent financial condition," Littlefield said.
He ended by giving some words of wisdom to the incoming administration.
"I cannot over state the responsibility you're assuming as we place this city we love. This most transformed city in America into your hands. It's now up to you and we look forward to where you might take us,"