FCM19920225-- . i
CORRECTED
FINANCE COMMITTEE - CITY OF MUSKEG0
MINUTES OF MEETING HELD FEBRUARY 25, 1992
The meeting was called to order at 7:OO P.M. by Council President
Hilt. Also present were Committee Members Dumke and H. Sanders,
Ald. D. Sanders, Ald. Simmons, City Clerk Marenda and Financial
Consultant Seegar Swanson.
The Committee reviewed bids for lease of City-owned Land for
Woodcrest Heights outlot and Parkland South Extended outlot. The
only bid received, was from Harold DeBack in the amount of $100.00
for the Woodcrest Heights outlot. Ald. Dumke moved to recommend
acceptance of offer received from Mr. DeBack. Seconded by Ald. H.
Sanders, motion carried. The City Clerk is directed to re-publish
for lease of the Parkland South Extended outlot, at no cost, in
order to insure land cover crop.
The Committee reviewed City's Offer to Purchase for a six (6) acre
parcel abutting Kurth Park in the amount of $38,803.00 to be used
for park purposes. Ald. Dumke moved to recommend approval.
Seconded by Ald. H. Sanders, motion carried.
Seegar Swanson appeared before the Committee to review 1992
Borrowing. The City of Muskego has retained its "A" rating with
Moody Financial Services. The bid for for the proposed issue of
$5,325,000 General Obligation Promissory Notes was awarded to
Robert W. Baird & Company at a 5.11% interest rate. Ald. Dumke
moved to recommend approval of bid. Seconded by Ald. H. Sanders,
motion carried.
The Architectural Agreement for PSI for the Muskego Volunteer Fire
Company new firehouse on Janesville Road was reviewed. Ald. H.
Sanders moved to recommend approval. Seconded by Ald. Dumke,
motion carried.
Ald. Dumke moved to approve payment of General Vouchers in the
amount of $424,591.29 and Utility Vouchers in the amount of
$45,536.21. Seconded by Ald. H. Sanders, motion carried.
Ald. Dumke moved to approve the 1992 maintenance agreement with
Konica for the City Hall copy machine in the amount of $1,995.00
and the 1992 computer hardware maintenance agreement with Bell
Atlantic in the amount of $11,228.67. Seconded by Ald. Hilt,
motion carried.
The meeting adjourned at 7:40 P.M.
Respectfully submitted,
Ald. Harold L. Sanders
Secretary
A.
FINANCE COMMITTEE - CITY OF MUSKEG0
MINUTES OF MEETING HELD FEBRUARY 25, 1992
The meeting was called to order at 7:OO P.M. by Council President
Hilt. Also present were Committee Members Dumke and H. Sanders,
Ald. D. Sanders, Ald. Simmons, City Clerk Marenda and Financial
Consultant Seegar Swanson.
The Committee reviewed bids for lease of City-owned Land for
Woodcrest Heights outlot and Parkland South Extended outlot. The
only bid received was from Harold DeBack in the amount of $100.00
for the Woodcrest Heights outlot. Ald. Dumke moved to recommend
acceptance of offer received from Mr. DeBack. Seconded by Ald. H.
Sanders, motion carried. The City Clerk is directed to re-publish
for lease of the Parkland South Extended outlot, at no cost, in
order to insure land cover crop.
The Committee reviewed City's Offer to Purchase for a six (6) acre
parcel abutting Kurth Park in the amount of $38,803.00 to be used
for park purposes. Ald. Dumke moved to recommend approval.
Seconded by Ald. H. Sanders, motion carried.
Seegar Swanson appeared before the Committee to review 1992
Borrowing. The City of Muskego has retained its "A" rating with
Moody Financial Services. The bid for for the proposed issue of
$5,325,000 General Obligation Promissory Notes was awarded to
Robert W. Baird & Company at a 4% interest rate. Ald. Dumke moved
to recommend approval of bid. Seconded by Ald. H. Sanders, motion
carried.
The Architectural Agreement for PSI for the Muskego Volunteer Fire
Company new firehouse on Janesville Road was reviewed. Ald. H.
Sanders moved to recommend approval. Seconded by Ald. Dumke,
motion carried.
Ald. Dumke moved to approve payment of General Vouchers in the
amount of $424,591.29 and Utility Vouchers in the amount of
$45,536.21. Seconded by Ald. H. Sanders, motion carried.
Ald. Dumke moved to approve the 1992 maintenance agreement with
Konica for the City Hall copy machine in the amount of $1,995.00
and the 1992 computer hardware maintenance agreement with Bell
Atlantic in the amount of $11,228.67. Seconded by Ald. Hilt,
motion carried.
The meeting adjourned at 7:40 P.M.
Respectfully submitted,
Ald. Harold L. Sanders
Secretary
ca