FM012699
FINANCE COMMITTEE - CITY OF MUSKEGO
MINUTES OF MEETING HELD TUESDAY, JANUARY 26, 1999
The meeting was called to order at 7:03 p.m. by Mayor De Angelis. Committee
members Slocomb, Salentine and Sanders were present. Also present were Aldermen
Pionek, Chiaverotti, Woodard, and Patterson (arrived at 7:10 p.m.), Finance Director
Gunderson, and Deputy Clerk Blenski.
The Mayor noted that the meeting was noticed in accordance with the Open Meeting
Law.
Review of Minutes
Minutes of the January 20, 1999 meeting were accepted with no changes made.
There were no licenses to review or unfinished business.
New Business
Review quotes for the Public Library.
Mr. Gerald Olsen of Durrant Architects was present to review the bids submitted for the
project. He stated that seven general contractors were pre-selected to bid. Durrant
Architects recommends acceptance of the base bid submitted by Guenther Wagner
Johnson and bids for Alternates #1 through #8, #10, #12, and #13 for a total amount of
$3,142,237, which is $670,000 under budget. He noted the contractor acknowledged
that materials were not included in the bid amount for Alternate #3 (Partitions) but that
the contractor would honor his bid as submitted. Guenther Wagner Johnson is
currently working on the Police Department expansion project and Chief Johnson has
been pleased with the contractor’s performance. Mr. Olsen stated that the project cost
is $78 per square foot. Alderman Salentine moved to recommend acceptance of the
base bid submitted by Guenther Wagner Johnson and Alternates #1 through #8, #10,
#12, and #13 for a total amount of $3,142,237. Alderman Sanders seconded; motion
carried unanimously.
Voucher Approval
Alderman Salentine requested removal of the voucher in the amount of $44,425 to
Tess Corners Fire Department and moved to recommend approval of General
Vouchers in the amount of $1,007,930.85, Tax Checks in the amount of $32,642.25,
and Utility Vouchers in the amount of $101,815.35. Alderman Sanders seconded.
Motion carried unanimously.
Finance Committee Minutes Page 2
January 26, 1999
Resolution Authorizing the Issuance of Sale of $2,035,000 Water Revenue Bonds
Mr. Dave Anderson of Ehlers & Associates, Inc. appeared before the committee. He
noted the water utility received an A-3 rating, which is very good due to the utility being
new. Mr. Anderson stated four bids were received with the best bid submitted from
Banc One Capital Markets, Inc. of Milwaukee with an interest rate of 4.62%. Due to the
better than anticipated interest rate, the issue size was reduced by $20,000 (to
$2,015,000) and an additional $100,000 savings was realized. Alderman Sanders
moved to recommend approval to the Common Council. Alderman Slocomb seconded;
motion carried unanimously.
Alderman Sanders moved to adjourn at 7:25 p.m. Alderman Slocomb seconded;
motion carried.
Respectfully submitted,
Jill Blenski, CMC
Deputy Clerk
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