ccm19680517COMMON COUNCIL
CITY OF MUSKEG0
MINUTES OF SPECIAL MEETING HELD MAY 17, 1868
The meeting was called to order at 7:09 P.M. y Mayor Wieselmann.
PRESENT - Mayor Donald Wieselmann, Aldermen Edmund Budish, Robert
Burgermeister, Kenneth Cooley, Harold DeBack, Roland Linck, Frank
Narlock and Walter Wollman. City Attorney John Buckley and Clerk
Bette Bowyer.
The purpose of the meeting was to discuss the financing of the Sewer
Program in the City of Muskego.
Mayor Wieselmann indicated that the methods of financing that had been
included in Resolution #80-68, adopted by the Common Council on May 14,
1968, had been researched and he has been advised by the City Attorney
and Attorney Clemons that it would not have been legal to enter into
an agreement with the Milwaukee Company because the money procured by
Mortgage Revenue Bonds would not be sufficient to cover the cost of
the sewer contracts for Projects MSS-1-68 through MSS-5-68. Because
of the limited time of 60 days in which the bids for the sewer projects
must be accepted, several banks were immediately contacted. The First
National Bank of Waukesha offered to lend $1,100.000.00 to the City
at the interest rate of 4vL on the entire amount. The State Bank of
Hales Corners offered to lend the City $700,000.00 at 4 314% and on
the remaining $400,000.00 at the rate of 4YL.
Attorney Buckley advised that immediate action should be taken so the
proper resolutions could be drawn setting forth principal and interest
payments and they could be adopted at the Council meeting to be held
on Monday, May 20, 1968.
Following discussion and questions directed to Attorney Buckley by
several of the aldermen, Alderman Narlock moved that the City of
Muskego accept the bid of the First National Bank of Waukesha for
$1,100,000.00 at the rate of 4yL and the necessary resolutions be
prepared. Seconded by Alderman Budish. Alderman Budish moved to
have Mr. Arthur Bostater, newly appointed citizen member of the
Sewer Financing Committee, speak. Seconded by Alderman Narlock,
Upon a voice vote, the motion carried. Mr. Bostater then spoke in
favor of Alderman Narlock's motion.
motion by Alderman Narlock carried unanimously.
Alderman,'Budish moved to have Resolution #80-68, As Amended, entitled,
Accepting Offer of the Milwaukee Company to Purchase $320,000.00 for
Sewer System Mortgage Revenue Bonds of the City of Muskego, be brought
back to the table. Seconded by Alderman DeBack. Upon a roll call vote,
the motion to bring back Resolution #80-68 carried unanimously.
man Budish moved that the action taken on Resolution #80-68, As Amended,
on May 14, 1968, be rescinded. Seconded by Alderman DeBack. Upon a
roll call vote, the motion to rescind action on Resolution #80-68
0
e
0
Upon a roll call vote, the
Alder- * carried unanimously.
Resolution #83-68 - Resolution Authorizing the Purchase of a Cruz-Air
Backhoe for the City of Muskego. Alderman Burgermeister moved that the
rules be suspended in order that Resolution #83-68 could be brought
back to the floor. Seconded by Alderman Budish. Discussion took place
reaardinn the terms of the contract to be set up with the Drott Tractor
I - Company. Upon a roll call vote, the motion to suspend the rules carried 0 unanimously .
Comnon Council Sp. Meeting
City of Muskego- 5/17/68
Page 2.
Mayor Wieselmann declared a recess at 8:OO P.M. and the meeting re-
convened at 8:05 P.M.
Alderman Narlock moved to amend Resolution #83-68, As Amended, 2nd
paragraph, by deleting all of the words after the word "until" and
adding the words "90 days with an option to purchase for cash at the
end of that period in the amount of $35,187.00." Seconded by Alder-
man Budish. Upon a roll call vote, the motion to amend Resolution
#80-68, As Amended, carried unanimously.
Alderman Budish announced that Mr. Ben Shira had contacted him inviting
the Mayor and Council to ride in the Memorial Day Parade,
Alderman Burgermeister moved for adjournment, seconded by Alderman Narlock.
The meeting adjourned at 8:12 P.M.
Respectfully submitted,
Bet& J: BowyerJCity Clerk
City of Muskego
CALL OF SPECIAL MEETING TO THE
COMMON COUNCIL OF THE CITY OF MUSKEG0
Notice is hereby given that a Special Meeting of the
Common Council of the City of Muskego is called to be held
Friday evening, May 17, 1968, at 7:OO P.M. at the City
Hall for the purpose of discussing Sewer Financing in the
City of Muskego
Donald E. Wieselmann, Mayor
CITY OF MUSKEGO
AFFIDAVIT OF SERVICE
State of Wisconsin 1 ' Waukesha County 1 ss
, being first duly sworn, says that UJ
at the City of Muskego, Waukesha County, Wisconsin, on the
17th day of May, 1968 and before 1:00 P.M., on said day he
served the attached notice upon each of the members of the
Common Council of said City either personally or by leaving
a copy thereof at his usual place of abode.
c
Signed
Subscribed and sworn to before
me this 17th day of May, 1968
Notary Public, Waukesha C'o. , Wis .
My Comm. expires 3 4-67