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FCM19920819FINANCE COMMITTEE - CITY OF MUSKEGO MINUTES OF MEETING HELD AUGUST 19, 1992 The meeting was called to order at 7:02 P.M. by Chairman Salentine. Also present were Committee Members Patterson, Dumke and Sanders, and Information Systems Director Joe Sommers. Ald. Dumke moved to approve an Operator's License for George Polski subject to receipt of fees and favorable police report. Seconded by Ald. Sanders, motion carried. Correspondence from Larry Kirch, Director of Planning, regarding the Muskego-Wind Lakes Priority Watershed Grant was reviewed. The grant application seeks to obtain funds to design a retrofit of the stormwater ponds in the area of the Freedom Square Condominiums/Parkland Mall area. This grant, if approved, would cover up to 70 percent of the project construction costs; projects must be directly related to water quality improvements. Also attached to the grant application is a request for funding to train City staff in erosion control techniques and stormwater control design. Ald. Sanders moved to authorize Mayor to sign grant application. Seconded by Ald. Patterson, motion carried. The Committee reviewed amendment to 1992 Budget for salaries and benefits received from the City Clerk. Ald. Dumke moved to recommend transfer of $174,683.00 from Contingency to cover salary increases and payouts. Seconded by Ald. Sanders, motion carried. Joe Sommers appeared before the Committee to discuss recent increase in fees for labels and electronic media data. Ald. Sanders moved to approve the following adjustment to fees: 2-l/24 per label 254: per bluebar sheet 2-l/24 per address for electronic media Seconded by Ald. Patterson, motion carried. The Committee determined that adjustments should be made to any billings made after Council adoption of the July 8, 1992 minutes which raised the fee to 5Q: per address. The Committee reviewed grant materials from the Wisconsin Department of Transportation for the Transportation Facilities Economic Assistance and Development Program (TEA). The grant, if approved, would provide 50 percent funding for the extension of Enterprise Drive. The purpose of the program is to provide economic development and job creation. e Finance Committee - Page 2 August 19, 1992 The Committee discussed sale of city-owned land on Holz Drive and determined that an ad will be placed in the Milwaukee Journal and all adjacent homeowners will be notified that the land is for sale and that the Finance Committee is receptive to Offers of Purchase for review at the September 16, 1992 meeting. Joe Sommers reviewed with the Committee his request for a rider for cold-site service for computers. The Committee approved pending qualifications of $500.00 fee relating to disaster declaration. Proposal shows a $500.00 charge but Joe was given verbal assurance that this change is not applicable and is to obtain written assurance. The Committee reviewed rough draft of Option to Purchase 4.5 acres of land adjacent to the City's Industrial Park which has been presented to the City by Mr. Loren Rausch. The Committee requests that Mr. Rausch be notified that the City is not interested in his land at this time due to cost per acre and listed contingencies. The Committee reviewed Liaison Officer Agreement between Muskego-Norway School District and the City of Muskego. The Committee recommends adoption of proposal with clarification that No. 13 should be corrected to read "not to exceed $1,283.24" in lieu of the $1,219.00 listed in the agreement. Ald. Sanders moved to recommend the following Release of Funds: Settler's Creek $60,175.00 Audrey Court 556.60 Lake Point Estates 444.00 Lake Forest Addn. #2 557.50 Country Brook Estates 279.50 Lakeridge Apartments 452.50 The Committee reviewed correspondence from Larry Kirch regarding expiration of Letter of Credit for Lake Forest Addition #l in November of 1992. Ald. Sanders moved to approve giving the developer 60 days in which to secure an extension to the Letter of Credit from the bank, along with depositing an additional $6,063..42 with the City to cover the final lift of asphalt and if the City does not receive both of the above prior to November 8, 1992, the City would draw on the letter of credit. Seconded by Ald. Dumke, motion carried. The meeting adjourned at 8:20 P.M. Respectfully submitted, ca Ald. David J. Sanders Secretary