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FM072500 FINANCE COMMITTEE - CITY OF MUSKEGO Approved MINUTES OF MEETING HELD TUESDAY, JULY 25, 2000 The meeting was called to order at 7:03 p.m. by Mayor De Angelis with Committee Members Slocomb, Salentine and Sanders present. Also present were Aldermen Chiaverotti, Le Doux and Wichgers, Finance Director Gunderson, Don Vilione of Virchow, Krause & Co., and Deputy Clerk Blenski. The Mayor stated the meeting was noticed in accordance with the Open Meeting Law. APPROVAL OF MINUTES Ald. Slocomb moved for approval of the July 19, 2000 minutes. Ald. Salentine seconded; motion carried unanimously. There were no licenses to review. UNFINISHED BUSINESS 1. Reconsideration of Quietwood Creek Developer’s Agreement Ald. Salentine moved for reconsideration. Ald. Slocomb seconded; motion carried unanimously. Ald. Salentine moved to amend the agreement to include the changes outlined in red on the draft document, which include that the developer will maintain $60,000 of the Letter of Credit for the cost of traffic lights in addition to the $80,000 for the upgrade to the Martin Drive/Lakes Parkway/Janesville Road intersection. The City also waives acquisition of isolated natural resource areas as illustrated in the Park and Open Space Plan. Ald. Slocomb seconded; motion carried unanimously. NEW BUSINESS Finance Director Gunderson stated she met with Don Vilione to amend the City’s 2000 budget to bring it into compliance with the State’s expenditure restraint. Grant funds and rescue calls were taken out of the General Fund and put into a Special Revenue Fund to accomplish this. Mr. Vilione stated that the City will be eligible to receive an additional $40,000 in state funds by making its budget compliant. Ms. Gunderson noted that the City will want to continue to remain eligible and other items will be taken out of the General Fund in the future. She also noted another budget amendment will be forthcoming. Ald. Salentine moved to recommend the amendment to the 2000 budget as presented to bring it into compliance. Ald. Sanders seconded; motion carried unanimously. Finance Committee Minutes Page 2 7/25/00 VOUCHER APPROVAL Ald. Salentine moved to recommend approval of payment of General Vouchers in the amount of $322,440.09 Tax Checks in the amount of $2,544.05 and Utility Vouchers in the amount of $131,302.72. Ald. Slocomb seconded; motion carried unanimously. ADJOURNMENT Ald. Sanders moved to adjourn at 7:16 p.m. Ald. Salentine seconded; motion carried unanimously. Respectfully submitted, Jill Blenski, CMC Deputy Clerk jmb