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FCM19870107FINANCE COMMITTEE CITY OF MUSKEGO MINUTES OF MEETING HELD JANUARY 7, 1987 The meeting was called to order at 7:00 P.M. by Chairman Salentine. Also present were Committee Members Hilt, Penovich and Dumke, Ald. DeAngelis and Carol Stillwell. The following persons appeared to apply for an Operator's License: Rosario LoCicero Pauline F. Sweeney Micheline Posbrig Ald. Dumke moved to recommend approval of the above persons subject to receipt of favorable police reports. Ald. Dumke moved to approve Gathering Permits for Muskego Icetronauts at Racine Avenue and Woods Road for February 7 and February 8, 1987, and Hunter's Nest Baseball Club at Idle Isle Park for February 7 and February 8, 1987. Seconded by Ald. Penovich, motion carried. The Committee discussed Economic Development grant funds available through Waukesha County. It was determined that the application would be time consuming and it was noted that the Chamber of Commerce is going to conduct an Economic Report sponsored by the Wisconsin Bell Telephone Co. which would duplicate some of the same information. Ald. Dumke moved to not proceed with the application. Seconded by Ald. Hilt, motion carried. The Committee discussed whether or not to insure the City's dam on Little Muskego Lake. Ald. Dumke moved to eliminate dam from insurance policy. Seconded by Ald. Hilt, motion carried. The Committee discussed the creation of transcript for Marino Claim for approximately $1,200. The City Attorney feels that it is definitely needed to prepare a transcript at the end of the arbitration hearing. Ald. Hilt moved to approve. Seconded by Ald. Dumke, motion carried. The Committee reviewed City of Muskego Pension Trust with Carol Stillwell. Ald. Hilt moved to send agreement to Attorney Stevens to clarify language for the issues raised and to have the new agreement reflect the same terms as the existing plan. Seconded by Ald. Dumke, motion carried. The Committee reviewed Class A Beer & Liquor Licenses. After reviewing correspondence from the City Attorney, the Committee recognizes the fact that Class A licenses in grocery stores have no restrictions, but the Committee will review at renewal time to determine if restrictions are required. c- Finance Committee - January 7, 1987 Page 2 The Committee reviewed memorandum from Mayor Salentine regarding an agreement proposed by Fredricks Soil Co., Inc. to remove Top Soil from the Industrial Park Addn. #l. Ald. Hilt moved to recommend approval of the following terms: 1. $50,000 for the 38,000 yd. pile with a removal date of August 1, 1988. 2. Payment to be received as follows: a. $12,500 by March 1, 1987 b. $12,500 by September 1, 1987 c. $12,500 by March 1, 1988 d. $12,500 by August 1, 1988 3. Fredericks Soil Co., Inc. will supply a Letter of Credit guaranteeing payment of $37,500. 4. Culvert is to be provided by the City 5. Gravel to cover culvert will be supplied by Fredricks Soil Co., Inc. 0 Seconded by Ald. Dumke, motion carried. The meeting adjourned at 8:50 P.M. Respectfully submitted, Ald. Mitchel E. Penovich Secretary ca