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FCM199008140 FINANCE COMMITTEE - CITY OF MUSKEGO i) MINUTES OF MEETING HELD AUGUST 14, 1990 The meeting was called to order at 7:00 P.M. by Chairman Salentine. Also present were Committee Members Dumke, and Hilt, Ald. Simmons, Ald. Patterson, Ald. D. Sanders and John Henderson, ' Mooney, LeSage & Assoc. The Committee reviewed Offer to Purchase for the Industrial Park Addition received from Seitz Equipment & Rentals or Assigns in the amount of S24,800.00 per acre for an approximate 3.5 to 4.6 acre parcel with City to provide, at City's expense, three (3) driveway culverts, concrete liners at the bottom of the drainage ditch, and water lateral of sufficient size to allow sprinkling of a 50,000 square foot building. Ald. Dumke moved to recommend denial of Offer to Purchase and to counter-offer at $26,000.00 per acre, subject to the inverts being charged back to the buyer for material only to be installed within two years from the date of closing, with the City to install, at the City's expense, three (3) driveway culverts. Cost for water lateral will be the responsibility of the buyer. The offer will also include language acceptable to Mayor and City Attorney as to the floodplain and alleged contaminated ground. Seconded by Aid. Hilt, motion carried. Ald. Dumke moved to approve payment of secretarial fees and miscellaneous fees for Emerald Park Negotiating Committee for services rendered from June 14, 1990 through August 7, 1990 in the amount of $129.40 and miscellaneous expenses for the same period of $73.70. Seconded by Ald. Hilt, motion carried. The Committee reviewed a contract from Midwest Engineering Services to perform soil borings for Muskego Industrial Park required by FEMA for the amendment to the floodplain map. Ald. Dumke moved to recommend payment in the amount of $4,005.00, the cost to be shared by the Woodcrest Heights Subdivision developer and the City, depending on amount of borings done on each property. Seconded by Ald. Hilt, motion carried. Ald. Dumke moved to recommend payment of General Fund vouchers in the amount of $227,468.44 and Utility Fund vouchers in the amount of $115.605.93. Seconded by Ald. Hilt, motion carried. The meeting adjourned at 7~35 P.M. Kespectfully submitted, l ca Aid. Daniel J. Hilt Secretary