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FCM19941019FINANCE COMMITTEE - CITY OF MUSKEGO - MINUTES OF MEETING HELD WEDNESDAY, OCTOBER 19, 1994 The meeting was called to order at 7:40P.M. by Chairman De Angelis. Also present were Committee Members Sanders and Patterson and those per the attached list. Committee Member Dumke was absent. It was noted that this meeting was posted on October 14, 1994, in accordance with the Open Meeting Law. The Committee reviewed the following applications for Operator License: Cheryl Knar Diane Regner Ron Simpson Craig Flancher Ald. Patterson moved to recommend approval of the applications for Cheryl Knar, Diane Regner and Ron Simpson subject to receipt of fees, favorable police report and verification of schooling. Seconded by Ald. Sanders, motion carried. Ald. Sanders moved to recommend approval of the application for Craig Flancher subject to receipt of fees, favorable police report, verification of schooling and a three (3) month review. Seconded by Ald. Patterson, motion carried. The Committee reviewed the Special Revenue Funds for the 1995 Budget and questioned the total in Revolving Loan Fund. Mr. Scott Krause appeared before the Committee to further discuss Subdivider's Agreement for CCV-Champions Village. The Committee determined that Section V N. in the Subdivider's Agreement will revert to original language; Section I (Ownership) and Section 5 (Maintenance) in Master Covenants need to add the following language: Section I - Include easement reference and connection to Article % regarding emergency access point away with 30 day notification. Section 5 - Include emergency access terms getting around 30 day notification. Mr. Phil Cosson (SEWRPC) and representatives of Spectrum Aluminum Finishing appeared before the Committee to request approval of pre-application for Revolving Loan Fund in the amount of $45,000. Ald. Patterson moved to recommend approval of pre-application. Seconded by Ald. Sanders, motion carried. Mr. Phil Cosson (SEWRPC) and Dale Kreil (Country Lakes Marine) appeared before the Committee to request approval of pre-application for Revolving Loan Fund in the amount of $98,000. Ald. Patterson moved to recommend approval of pre-application. Seconded by Ald. Sanders, motion carried. Finance Committee - Page 2 October 19, 1994 Request for Budget Transfer was removed at the request of Information Systems Director Joe Sommers. Mr. Bob Patch, developer, and Mr. Simandl, Lake Forest Homeowners Association, appeared before the Committee to discuss concerns of the Subdivision and also to discuss status of Letters of Credit. Ald. Patterson moved to extend Letter of Credits for an additional (30) thirty days. Seconded by Ald. Sanders, motion carried. The Committee reviewed Offer to Purchase for the Industrial Park Addn. for a 2 acre parcel (Lot 1, CSM 7364) on Enterprise Drive for John L. Davis and Hiram Miller, Jr. and/or Assigns. Ald. Sanders moved to recommend approval of Offer noting that the requested changes had been made. Seconded by Ald. Patterson, motion carried. The Committee reviewed the following Requests for Release of Funds and made the following recommendations: Kelly Estates, Pufall, Adams, Hintz CSM - No recommendation - Cost breakdown not in order. Kimberly Estates (Engineering) - The Committee recommended release of $546.14. Lakeview Highlands (Engineering) - Removed. Lakeview Highlands North (Engineering) The Committee recommended release of $1,254. Plum Creek East (Engineering) The Committee recommended release of $770.11 Lake Point/Lake Point West - The Committee deferred to 11/2/94 Finance meeting in order to review action at the Public Works mtg. Lakewood Meadows Addn. #l - The Committee recommended release of $224,300. The meeting adjourned at 11:45 P.M. /cma Respectfully submitted, Ald. David J. Sanders Secretary