FCM19950214FINANCE COMMI!l!TEE - CITY OF MUSKEGO
,MINUTES OF MEETING HELD TUESDAY, FEBRUARY 14, 1995
The meeting was called to order at 7:20 P.M. by Chairman De
Angelis. Also present were Committee Members Sanders and Patterson. Ald. Dumke was absent.
The Committee noted that the meeting was posted on 2/10/95 in
accordance with the Open Meeting Law.
The Committee reviewed request for additional funding from Little Muskego Lake Association, Inc. for the Idle Isle Dredging Project which was recommend by the Parks & Recreation Board at
their 2/13/95 meeting. Communication from Frank A. Kurka, Project Manager of the Little Muskego Lake Association, Inc. was reviewed along with a memorandum from Parks Director Peter
Theis. The request is for an additional $8,000. for the project
as the bids came in well over the anticipated amount. It was noted that Idle Isle Park constitutes 50% of the land passed by
the project. Ald. Sanders moved to recommend approval of an additional $8,000.00 from Park Dedication Funds for this
project. Seconded by Ald. Patterson, motion carried.
The Committee discussed request for total release of funds for
the Lake Forest Orig., Lake Forest Addn. #l, Lake Forest Addn.
#2. Ald. Patterson moved to approve Release of Funds, noting
that all outstanding payments, to date, have been satisfied, and to recommend acceptance of all improvements. Seconded by Ald.
Sanders, motion carried.
The purchase of Parks Department Truck was removed from the
agenda at the request of the Parks Director.
Mr. Dave Anderson, Ehlers 6 Associates, appeared before the Committee to review bids received for 1995 Borrowing. Ald.
Patterson moved to recommend low bid of Harris Trust and Savings
Bank for the $1,765,000 General Obligation Promissory Notes with
an NIC of 5.5661% Seconded by Ald. Sanders, motion carried.
Ald. Sanders moved to approve transfer of $1,100.99 for attorney
and engineering bills from Developer's Deposit to Letter of Credit which were previously incorrectly billed. Seconded by
Ald. Patterson, motion carried.
Ald. Patterson moved to approve payment of General Vouchers in
the amount of $644,456.56, Tax Refunds in the amount of
$10,724.93 and Utility Vouchers in the amount of $105,303.29.
Seconded by Ald. Sanders, motion carried.
The meeting adjourned at 7:50 P.M.
Respectfully submitted,
ca
Ald. David J. Sanders Secretary