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COMMON COUNCIL Minutes - 9/26/2017 Approved CITY OF MUSKEGO COMMITTEE OF THE WHOLE MINUTES September 26, 2017 6:30 PM City Hall, W182 S8200 Racine Avenue CALL TO ORDER Mayor Chiaverotti called the meeting to order at 6:37 p.m. ROLL CALL Present: Aldermen Wolfe, Hammel, Borgman, Kapusta and Engelhardt as well as City Attorney Warchol, Finance and Administration Director Mueller and Accountant Mustapich. Absent: Aldermen Kubacki and Madden. STATEMENT OF PUBLIC NOTICE Director Mueller stated that the meeting was noticed in accordance with the open meeting law. NEW BUSINESS Continue 2018 Budget Discussions Mr. Paul Thompson of Hutchinson, Shockey, Erley & Co. was present. He reviewed the City's options to finance the following 2018 projects: Police Department Facility, DPW Facility, Moorland Road, Hillendale Road, Bay Lane and Fire Department Equipment. He outlined the advantage of using a Note Anticipation Note (NAN) versus General Obligation Bonds or General Obligation Notes. This note carries all the same characteristics of a note except that it can be issued without the requirement of a tax levy. It is issued in anticipation of another note or bond being issued to refund it. Using a NAN allows flexibility. Mr. Thompson will put a projection together to be presented to the Common Council in the future. Mayor Chiaverotti thanked Mr. Thompson for his attendance. Capital Projects Fund Budgets (Expenditures and Borrowing) Continued Department: Police Department Water Patrol Boat (Including Equipment) - $33,900.00 Chief Rens provided information regarding repairing the existing boat or purchasing a used one. Following discussion, the Committee unanimously supported the capital request to replace the existing boat. ADJOURNMENT Alderman Wolfe made a motion to adjourn at 7:18 p.m. Alderman Engelhardt seconded; motion carried. Minutes transcribed by Jill Blenski, Deputy Clerk.