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FCM19930317FINANCE COMMITTEE - CITY OF MUSKEGO MINUTES OF MEETING HELD WEDNESDAY, MARCH 17, 1993 The meeting was called to order at 7:00 P.M. by Chairman Salentine. Also present were Committee Members Patterson, Dumke and Sanders and those per the attached list. The Committee reviewed memorandum from Chief John Johnson regarding a recent violation of tavern closing hours that occurred on March 5, 1993, at the Fresh Start Saloon, SllO W20770 Denoon Road. The Committee requests that a letter be sent to the license holder requesting their appearance at the Finance Committee meeting scheduled for Wednesday, April 7, 1993. The Committee recommended approval of the application for Operator's License for David Jennings subject to payment of fees and receipt of favorable police report. The Committee deferred action on the application for Operator's License for Christopher J. Niemann until receipt of requested attorney opinion. Mr. Phil Cosson, SEWRPC, appeared before the Committee to review a draft of the proposal which establishes the criteria for future revolving loan funds. The Committee recommend Council approval of a contract based upon the March 1, 1993 and March 5, 1993 correspondence from SEWRPC. The loan fund plan is to be amended as follows: 1. Incorporate the following conditions, "Potential loan recipients would make initial contact with City staff and request a pre-application form at no cost. Once the pre-application is completed, it would be forwarded to the Finance Committee for approval. If approved by the Finance Committee, the business would be requested to begin preparing the necessary documents to complete a formal application. 2. "Application Procedures" were revised to include a pre-application requirement of Finance Committee and Common Council approval. 3. RLF Standards and Policies (FTE) A minimum of one full-time equivalent job is required for each $20,000. 4. Correct #2 under RLF Standards and Policies to include a final sentence, "The City must use the most recent LMI limits that are provided on an annual basis by the Wisconsin Department of Development". Finance Committee - Page 2 March 17, 1993 5. Correct #14 under RLF Standards and Policies to read, "The City will retain a loan application fee at a flat rate of $250.00", instead of "equal to one (1) percent of loan". 6. Correct #15 under RLF Standards and Policies to delete, "fee not to exceed $2,000.00 per loan". 7. Add #17 under RLF Standards and Policies to read, Project Initiation: No aspect of the proposed project may be initiated prior to the approval of the RLF application by the City of Muskego. 8. Correct page 9, CITY OF MUSKEGO REVOLVING LOAN FUND PROJECT DOCUMENTATION, #l, to add, "a detailed description of 0. Ald. Patterson moved to defer action on donation of land to the City off of Tess Corners Drive. Seconded by Ald. Dumke, motion carried. Further review of request for Transfer of Funds for Plum Creek was removed from the agenda as the developer did not appear to discuss. Mayor Salentine advised the Committee that, upon further research, it was discovered that the City had received two bids in 1992 and only one of the people had been notified of City's intent to again rent the parkland plaza outlot. The Committee directed that a letter be sent to Mr. Maney and Mr. Hulbert to advise that the Committee is receptive to extending deadline to the April 7, 1993 Finance Committee. Mr. Tom Murphy, Delta Group, appeared before the Committee to further discuss request for extension of deadline for option to purchase for land abutting their parcel in the Industrial Park. Ald. Sanders moved to recommend approval of a one year extension to August 1, 1994. at the newly established rate of $29,500. per acre. Seconded by Ald. Dumke, motion carried. John Henderson (Mooney, LeSage) will provide an amendment to Right of First Refusal Agreement for signatures. The Committee reviewed and approved the pre-application for Country Wetlands Nursery for participation in the Revolving Loan program in the amount of $40,000. Review of Letter of Credit and Subdivider's Agreement for Gratzek/Adams/Pufall was removed from the agenda. The Committee reviewed request received from Harold DeBack for an extension on payment of sewer assessment on Enterprise Drive until determination has been made if the project is awarded after review of bids. Ald. Sanders moved to recommend 120 day extension. Seconded by Ald. Patterson, motion carried. Finance Committee - Page 3 March 17, 1993 The Committee reviewed request for partial acceptance of improvements for Settler's Creek. Ald. Patterson moved to defer acceptance of improvements and refer options for drainage way to the Parks & Recreation Board to request clarification Of their July 13, 1992 minutes regarding the $8,000.00. Seconded by Aid. Sanders, motion carried. Correspondence from Attorney Michael Rich dated March 17, 1993, and a market evaluation from Realty Center on the Albert J. Lutsch property which is being considered for purchase for park purposes was reviewed by the Committee. Attorney Rick's correspondence indicated that, based on the information supplied by Realty Center, that lots 5 and 6 have a value of $55,000 to $60,000 each, and that lot 11 has a value of approximately $52,000. The Committee deferred action and referred the item back to the Parks & Recreation Board to have them review and determine what their cost/benefit cutoff is and/or possibly identify a smaller portion of land that would satisfy park requirements. The Committee reviewed correspondence from Parks Director Peter Theis regarding athletic field lighting which included a summary of estimated costs for a total of $61,000 to $64,500. Peter indicated that the present amount allocated in Account #OlOO-0000-0245 (Parks Dedication) for this project is $26,500. The Committee recommended approval of use of $38,000 of Park Dedication Funds for lighting, but recommended that the Parks & Recreation Board look into option of providing additional fields to meet the demand for baseball facilities. The Committee reviewed contract with R. A. Smith for Parkland Ponds and recommended approval. Mayor Salentine will research and identify number of copies to be provided. The Committee reviewed correspondence from PSI Design, Inc. advising that they have incurred ten hours, or $500.00 of fee for work they did not anticipate and are requesting subsequent reimbursement. The Committee denied request because the City was not informed of overage prior to incurred time and directed Parks Director Peter Theis to contact PSI Design, Inc. to advise. The Committee reviewed contract to share services of Police Liaison Office and approved intent to participate and extend agreement for the 1993-94 school year subject to budget process. Ald. Dumke moved to approve Release of Funds for Settler's Creek in the amount of $857.16 and Meadow Green West Addn. #3 in the amount of $2,859.95. Seconded by Ald. Sanders, motion carried. The meeting adjourned at lo:30 P.M. Respectfully submitted, Finance Committee - Page 4 March 17, 1993 a ca Aid. David J. Sanders Secretary ._ COPNITTEE __ DATE Finance Committee - Page 4 March 17, 1993 ca Ald. David J. Sanders Secretary COIQIITTEE DATE --a