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FCM19940302FINANCE COMMITTEE - CITY OF MUSKEGO MINUTES OF MEETING HELD WEDNESDAY, MARCH 2, 1994 The meeting was called to order at 7:02 P.M. by Chairman De Angelis. Also present were Committee Members Patterson, Dumke and Sanders, Dave Anderson (Ehlers & Associates), Parker E. Milewski (Terra Develop.-Commercial Area) and Wil Hein (Jahnke & Jahnke). Ald. Dumke moved to recommend approval of the following Operator's Licenses subject to receipt of fee and favorable police report: Brian Goetsch Andrew Heisel Seconded by Ald. Sanders, motion carried. Ald. Patterson moved to approve a change of agent for the Muskego Moose Lodge #1057, S86 W21693 Janesville Road, to Mr. James Kucharczyk. Seconded by Ald. Dumke, motion carried. There was nothing submitted for further discussion on Subdivider's Agreement-CCV (Champions Village). The Committee reviewed Subdivider's Agreement and Letter of Credit for Plum Creek Addn. #l. Ald. Patterson moved to recommend approval subject to the omitted erosion control amount of $20,000 added to the Letter of Credit for a total of $104,820. Seconded by Ald. Dumke, motion carried. The Committee reviewed Subdivider's Agreement and Letter of Credit for Lakeview Highlands-North. Ald. Patterson moved to recommend approval subject to the omitted erosion control amount of $10,000 added to the Letter of Credit for a total of $688,124.62. Seconded by Ald. Dumke, motion carried. The Committee reviewed request from Staff for additional secretarial chair for new Council Chambers for use by Deputy Clerk, Plan Commission Secretary and Clerk of Court, as well as request to purchase used chairs for meeting rooms, a cabinet for the new Aldermen's Room for reference materials and a locked cabinet for the computer in the new Council Chambers in the Muskego Room. Ald. Patterson moved to approve the purchase of the additional furniture items due to extreme frugalness and cost effective bargaining by staff resulting in savings of $2,230.00. Seconded by Ald. Sanders, motion carried. The Committee reviewed request for Transfer of Industrial Revenue Bond for Kottke/Marcott. Aid. Patterson moved to recommend approval of transfer of property to Kottke, as recommended by the City's Attorneys, Quarles & Brady, and to execute the documents necessary to fulfill the City's obligations to convey the project financed by the Bonds. Seconded by Ald. Dumke, motion carried. The Committee reviewed Offer to Purchase for 1.37 acres of land on Saturn Drive in the Industrial Park Addn. #l (parcel directly east of CATS Nationwide) received from Rummel & Jaeger Finance Committee - Page 2 March 2, 1994 in the amount of $40,000.00. Ald. Sanders moved to recommend approval of Offer to Purchase noting that the City Engineers noted on Thursday morning that the dirt pile that was mentioned as a concern is not on this particular property. Seconded by Ald. Dumke, motion carried. The Committee reviewed request from the Treasurer to transfer $300.00 from their Special Events Account (#100.0300.3211) into their Office Supplies and Expenses Account (#100.1000.3211) to enable her to purchase two new chairs. The present chairs are very old and in need of replacement. Ald. Patterson moved to approve transfer and acquisition of two new chairs for $300.00. Seconded by Ald. Sanders, motion carried. The Committee reviewed proposed change to Municipal Code, Compensation for Board of Review Members as requested by the Assessor and was included in her 1994 Budget. The increase would be from $15.00 to $25.00 per day. Ald. Sanders moved to recommend approval of amendment to Chapter 1, Section 1.05 (l)(d) to read: "Each member of the Board shall receive compensation, the amount to be determined from time to time by resolution, for attendance on the dates when the Board of Review is in actual session", and to recommend approval of a $25.00 per day compensation. Seconded by Ald. Patterson, motion carried. Ald. Mr. David Anderson, Ehlers & Associates, appeared before the Committee to discuss financing of old and new projects for the 1994 Borrowing. Ald. Sanders moved to recommend the 1994 Borrowing for a total of $2,400,000 to include the Little Muskego Lake Dam project, Water Reservoir, and Sewer Interceptor project. Seconded by Ald. Patterson, motion carried. Ald. Patterson moved to defer refinancing of outstanding debts pending review of new information regarding refinancing of sewer debt. These figures will be supplied for the March 8, 1994, Finance Committee for action. Seconded by Ald. Sanders, motion carried. Ald. Dumke moved to approve the following Release of Funds from the Letter of Credits: Kelly Estates: Kilps $3,192.23 Pufall 782.61 Hintz 782.61 Adams 391.31 Plum Creek 568.35 Seconded by Ald. Patterson, motion carried. The meeting adjourned at 1O:lO P.M. Respectfully submitted, /cma Aid. David J. Sanders Secretary