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FCM19940510FINANCE COMMITTEE - CITY OF NUSKEGG MINUTES OF MEETING HELD NAY 10, 1994 The meeting was called to order at 7:00 P.M. by Chairman De Angelis. Also present were Committee Members Dumke, Sanders, and Patterson, Ald. Woodard, Ald. D'Acquisto, Ald. Misko and City Clerk Jean Marenda. The Committee reviewed the following bids for the 1994 Road Improvement Program: Payne & Dolan, Inc. Bituminous Concrete, Grade #1 Base Course $18.80/Tori Bituminous Concrete, Grade #3 Surface Course 19.72/Tori Tack Coat .90/Gal Wolf Construction Co. Bituminous Concrete, Grade #1 Base Course $20.74/Tori Bituminous Concrete, Grade #3 Surface Course 20.74/Tori Tack Coat No Bid Ald. Patterson moved to recommend the low bid of Payne & Dolan in the amount of $18.80/Tori for Bituminous Concrete, Grade #l Base Course, $19.72/Tori for Bituminous Concrete, Grade #3 Surface Course, and $.90/Gallon for Tack Coat. Seconded by Ald. Dumke, motion carried. The Committee reviewed the following quotes for the Sealcoating Program: Dodqe Construction Co. Asphalt Emulsions MAC-5 CRS-2 HFE-90 HFE-150 Slurry Seal Aggregate for Sealcoating Pea Gravel 3/8" Chips Wolf Construction Co. Asphalt Emulsions MAC-5 CRS-2 HFE-90 HFE-150 Slurry Seal Aggregate for Sealcoating Pea Gravel 3/8" Chips $ .85 Per Gallon .625 Per Gallon 70 :70 Per Gallon Per Gallon No Bid $ 9.70 Per Ton 11.45 $ * 729 Per Gallon .624 Per Gallon .674 Per Gallon ,674 Per Gallon .769 Per Square Yard $ 9.28 Per Ton 10.70 Per Ton Finance Committee - Page 2 May 10, 1994 Ald. Patterson moved to recommend the bid of Wolf Construction in the amounts listed above for the Asphalt Emulsions and Aggregate for Sealcoating. Seconded by Ald. Dumke, motion carried. The Committee reviewed bids for the 1994 Official Newspaper. Ald. Sanders moved to recommend approval of following bid received from Community Newspapers, Inc.: 1st 2nd Insertion Insertion Per Column Inch Common Council proceedings, ordinances, notices, and all text matter set in solid or paragraph form $4.20 $3.30 Display ads, sample ballots, and other matter set in display format $6.90 $5.50 Seconded by Ald. Sanders, motion carried. It was noted that a bid was received from The Freeman but was subsequently withdrawn as the publication did not meet State Statute requirements. The Committee reviewed lease of city-owned lands (Parkland Plaza and Woodcrest Heights Outlot. Ald. Patterson moved to allow present lessee of Parkland Plaza to continue operation. Seconded by Ald. Dumke, motion carried. The Committee acknowledged notification from Mr. Harold DeBack that he was not interested in continuing lease for Woodcrest Heights Outlot and Ald. Patterson moved to leave site vacant and have site seeded. Seconded by Ald. Dumke, motion carried. The Committee reviewed the history of Black Duck Inn documented by Chief Johnson. Ald. Patterson moved to recommend issuance of Summons. Seconded by Ald. Dumke, motion carried. The Committee reviewed request for Release of Funds for Kelly Estates. At the April 20, 1994 meeting the Committee agreed to release a total of $14,013.00; holding back $12,600 for erosion control. A meeting was held with all parties on May 6, 1994, and it was agreed that funds expended by the development for erosion control measures installed could be released. Ald. Sanders moved to release $12,600 for completion of erosion control. Seconded by Ald. Dumke, motion carried. Ald. Patterson moved to recommend approval of payment of General Vouchers in the amount of $356,220.44, Utility Vouchers in the amount of $48,041.34 and Tax Refunds in the amount of $2,886.81. Seconded by Ald. Dumke, motion carried. The meeting adjourned at 7:24 P.M. Finance Committee - Page 3 May 10, 1994 Respectfully submitted, Ald. David J. Sanders Secretary /cma GENERAL FUND: BOARD CHECKS (regular) VOIDED CHECKS VOUCHER TOTALS END OF MONTH WIRE TRANSFER TOTALS: TAX CHECKS: 0 UTILITIES: SEWER: BOARD CHECKS (regUkir) VOIDED CHECKS END OF MONTH WIRE TRANSFER SINKING FUND WATER: BOARD CHECKS (regular) VOIDED CHECKS END OF MONTH WIRE TRANSFER 0 TOTAL UTILITY VOUCHERS: COUNCIL DATE ,,,23-5 5%7-D~ AMOUNT 33: 3u4 ($5 CK# AMOUNT - -