CCR1996004COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #4-96
APPROVAL OF AGREEMENT WITH SOUTHEASTERN WISCONSIN
REGIONAL PLANNING COMMISSION TO ADMINISTER
CITY OF MUSKEG0 REVOLVING LOAN FUND (RLF) PROGRAM
WHEREAS, the City of Muskego has adopted a Revolving Loan Fund
(RLF) Program; and
WHEREAS, Southeastern Wisconsin Regional Planning Commission
(SEWRPC) has proposed to provide Commission staff assistance to
the City in servicing the City's RLF program; and
WHEREAS, the Finance Committee has recommended approval of the
attached Agreement between the City of Muskego and SEWRPC for
this assistance.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the
City of Muskego, upon the recommendation of the Finance
Committee, does hereby approve the attached Agreement between the
City and Southeastern Wisconsin Regional Planning Commission for
Commission staff assistance in administering the City's RLF
program.
BE IT FURTHER RESOLVED that the Mayor and Clerk are authorized to
sign the Agreement in the name of the City.
DATED THIS 9th DAY OF JANUARY , 1996.
SPONSORED BY:
FINANCE COMMITTEE
Ald. Dornonic D'Acquisto
Ald. Patrick A. Patterson
Ald. David J. Sanders
This is to certify that this is a true and accurate copy of
City of Muskego.
Resolution #4-96 which was adopted by the Common Council of the
1/96 jmb
SOUTHEASTERN
916 N. EAST AVENUE 0
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December 14, 1995
The Honorable David L, De Angelis
Mayor
City of Muskego
P 0. Box 903
Muskego, Wisconsin 53150-0903
Dear Mayor De Angelis
tion of this date with Mr Philip L, Cosson of the Commission staff at which.
time you discussed Commission staff assistance in the servicing of the City of
Muskego Revolving Loan Fund (RLF) program, This letter is intended to consti-
tute a formal proposal to the City to provide loan servicing for the RLF
program
This letter is being provided as a followup to your telephone conversa-
bility for carrying out the activities entailed in administering RLF loans
that are approved by the City of Muskego and assisting the City in meeting
adopted by the Common Council on March 23, 1993. The Loan Servicing Manual
certain requirements of the City of Muskego Loan Servicing Manual, which was
requires that City staff establish and maintain a financial recordkeeping
system, prepare and submit progress reports to the Wisconsin Department of
Development, collect and analyze financial statements, conduct field visits,
monitor loan repayments, conduct an annual assessment of all loans, and assist
providing assistance with all of the afore-referenced items, with the excep-
legal counsel with problem loans Commission staff would be responsible for
know, the City has established a financial recordkeeping system that is
tion of establishing and maintaining a fionncial recordbreTing system, AS you
currently being maintained by City staff It is proposed that the City staff
continue this maintenance function
The work to be conducted by the Commission staff would include responsi-
The work to be conducted by the Commission staff would begin immediately
and continue until either party to the agreement requests a termination. The
assistance would be provided at a cost'of $40.00 per hour not to exceed $8,000
on an annual basis The City would reimburse the Commission for services
provided under this agreement on a quarterly basis upon submittal of a Commis-
sion invoice and supporting documentation to the City
to the City to undertake this work, If you find chis proposal satisfactory,
please sign this letter of agreement in the space provided below and return
the signed agreement to us for our files
As already noted, this letter is intended to Constitute a formal proposal
Mayor David L. De Angelis
Page 2
December 14, 1995
We trust that the foregoing will be helpful to the City in its economic
development efforts. Should you have any questions concerning this proposal,
please do not hesitate to contact Mr. Cosson directly
Sincerely,
Executive Director
KWB/JRM
mus95a ,doc
Accepted this - day of , 1995, by
David L De Angelis, Mayor
ATTEST: