FM050900
FINANCE COMMITTEE - CITY OF MUSKEGO Approved
MINUTES OF MEETING HELD TUESDAY, MAY 9, 2000
The meeting was called to order at 7:02 p.m. by Mayor De Angelis. Also present were
Committee Members Slocomb, Salentine and Sanders, Aldermen Chiaverotti and Le
Doux, Clerk-Treasurer Marenda, Plan Director Turk, and Deputy Clerk Blenski.
The Mayor stated the meeting was noticed in accordance with the Open Meeting Law.
APPROVAL OF MINUTES -The minutes of the May 3, 2000 meeting were accepted.
LICENSE APPROVALS
Ald. Salentine moved for approval of a “Class A” Retailers License for the Sale of
Intoxicating Liquors and Fermented Malt Beverages for Cygnett III, LLC. Ald. Slocomb
seconded; motion carried.
UNFINISHED BUSINESS
1. Review Revised Public Improvement Cost Breakdown - Salentine & Loughney
Mr. Turk presented a revised Public Improvement Cost Breakdown, which is based on
actual contract amounts. The breakdown is $60,000 less than the prior estimate. Mr.
Turk stated the Letter of Credit and Developer’s Agreement should be adjusted
accordingly to follow the actual bid amounts. He confirmed that Ruekert & Mielke
reviewed and approved the revised cost breakdown. Ald. Sanders moved to approve
the revised public improvement cost breakdown of $131,521. Ald. Salentine
seconded; motion carried unanimously.
NEW BUSINESS
1. Review Bid for Official Newspaper
The Mayor noted that one bid was received from CNI Newspapers with the rates for
publishing legal notices and council proceedings in the Muskego Sun remaining the
same as what the City is currently paying. Ald. Slocomb moved to recommend
approval. Ald. Salentine seconded; motion carried unanimously.
2. Review Letter of Credit - Salentine & Loughney
Mr. Turk stated a revised Letter of Credit was received today and reviewed by the City
Attorney. He noted the City Attorney recommended the following revisions: the date of
May 9, 2000 in the second paragraph will actually be the date of execution of the
Subdivider’s Agreement; at the end of the third paragraph add, “or otherwise comply
with obligations of the agreement”; and the termination date will actually be 15 months
from the date of execution, that date will be determined and replace the May 9, 2001
Finance Committee Minutes Page 2
5/9/00
reference. Ald. Salentine moved to amend and to recommend approval to the Council.
Ald. Sanders seconded; motion carried unanimously.
3. Review Capital Budget Carryover
Ald. Slocomb moved to recommend carryover of $1,654.10 for the hook up of City
water to the Parks garage. Sanders seconded; motion carried unanimously.
VOUCHER APPROVAL
Ald. Salentine moved to recommend approval of payment of General Vouchers in
amount of $440,971.71, Tax Checks in the amount of $1,479,346.16 and Utility
Vouchers in the amount of $121,520.04. Ald. Sanders seconded. Motion carried
unanimously.
ADJOURNMENT
Ald. Slocomb moved to adjourn at 7:23 p.m. Ald. Sanders seconded. Motion carried
unanimously.
Respectively submitted,
Jill Blenski, CMC
Deputy Clerk
jmb