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FCM19940927FINANCE COMMITTEE - CITY OF MUSKEGCI MINUTES OF MEETING HELD TUESDAY, SEPTEMBER 27, 1994 The meeting was called to order at 7:08 P.M. by Chairman De Angelis. Also present were Committee Members Sanders, Patterson and Dumke, Ald. Woodard, Ald. D'Acquisto, Ald. Misko, Ald. Taube, City Clerk Jean Marenda and Mr. Dirk Debbink (MS1 General Corp.). Aid. Sanders noted that the meeting was noticed in accordance with the Open Meeting Law on September 23, 1994. The Committee reviewed the one bid received from Schranz Roofing, Inc. for the City Hall/Library reroofing project in the amount of $89,570.00. Ald. Patterson moved to recommend approval of the bid. Seconded by Ald. Dumke, motion carried. Mr. Dirk Debbink, MS1 General Corp., appeared before the Committee to review Letter of Credit. The Committee reviewed correspondence from City Attorney Molter dated September 26, 1994. Ald. Sanders moved to recommend approval subject to verification of total dollar amount by City Engineer. Seconded by Ald. Patterson, motion carried. The Conunttee reviewed Request for Release of Funds for Stoney Creek Development. Ald. Patterson moved to approve $18,940.00 to be released from the Letter of Credit for paving and curbing work, as per Plan Director's memorandum of September 27, 1994, contingent upon receipt of extension of pavement warranty for an additional year. Seconded by Ald. Dumke, motion carried. Ald. Patterson moved to recommend payment of General Vouchers in the amount of $1,385,322.85; noting that $96.96 was removed for further clarification. Seconded by Ald. Dumke, motion carried. Ald. Sanders moved to recommend payment of Utility Vouchers in the amount of $62,430.22. Seconded by Ald. Patterson, motion carried. The meeting adjourned at 7:50 P.M. Respectfully submitted, Ald. David J. Sanders Secretary