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FM112800 FINANCE COMMITTEE - CITY OF MUSKEGO Approved MINUTES OF MEETING HELD TUESDAY, NOVEMBER 28, 2000 The meeting was called to order at 7:07 p.m. by Mayor De Angelis with Committee Members Slocomb and Salentine present. Committee Member Sanders arrived at 7:14 p.m. Also present were Aldermen Chiaverotti and Le Doux, Engineering/Building Inspection Director McMullen, Finance Director Gunderson, Plan Director Turk, Clerk-Treasurer Marenda and Deputy Clerk Blenski. Aldermen Patterson and Wichgers arrived during the meeting. The Mayor stated the meeting was noticed in accordance with the Open Meeting Law. APPROVAL OF MINUTES Ald. Salentine moved to approve the November 14, 2000 minutes. Ald. Slocomb seconded; motion carried. There were no licenses to review or unfinished business. NEW BUSINESS 1. Review request for transfer of RLF Loan - Kids Kampus Representatives of Kids Kampus were present. Kids Kampus is proposing to lease the day care business to Gorski, Inc. As a condition of the Revolving Loan Fund (RLF) loan that Kids Kampus has the City must consent to the lease and approve an Assignment of Leases and Rents. Clerk-Treasurer Marenda stated that payments have been timely made and as of December 31, 2000, $64,000 of the original loan of $152,510 will remain. SEWRPC is the administrator of the City’s RLF program and has drafted the Assignment document. Ald. Slocomb moved to recommend approval. Ald. Salentine seconded; motion carried. 2. Review proposals for off-site tax collection Ald. Salentine moved to accept proposals from Bank One, St. Francis Bank, State Financial Bank and Citizen’s Bank for off-site tax collection. Ald. Slocomb seconded; motion carried. 3. Amend the designation of public depositories The Mayor stated the only change was adding Guaranty Bank and removing Mitchell Bank. Ald. Salentine moved to recommend the designation of public depositories as identified in the resolution. Ald. Slocomb seconded; motion carried. 4. Approval of Night Aura lighting for Woods Road reconstruction Mr. McMullen presented information regarding the proposal for lighting and noted that the poles will be fiberglass. Ald. Salentine moved to approve expenditure of $51,142.86 for intersection lighting that needs to be relocated as part of the Woods Road reconstruction project. Ald. Slocomb seconded; motion carried. 5. Approval of 2001 Fire Protection Agreement with Muskego Volunteer Fire Company Ald. Slocomb moved to recommend approval. Ald. Salentine seconded; motion carried. 6. Approval of 2001 Fire Protection Agreement with Tess Corners Volunteer Fire Dept. Ald. Salentine moved to recommend approval. Ald. Slocomb seconded; motion carried. 7. Approval of New and Revised Positions for 2001 The two new positions are part-time library positions and were approved through the budget process. Ald. Salentine moved to recommend approval. Ald. Slocomb seconded; motion carried. Finance Committee Minutes Page 2 11/28/2000 8. Approval of 2001 Insurance Carriers Finance Director Gunderson presented quotes submitted by Wausau and Kempes for comparison. Wausau is the City’s current insurance carrier except for property insurance, which is provided through the State. The League of Wisconsin Municipalities has recommended Kempes. Ms. Gunderson noted that Kempes submitted an optional quote for boiler insurance at an annual premium of $3,375. Ald. Slocomb moved to recommend approval of Kempes as the City’s insurance carrier for 2001 without the optional boiler coverage. Ald. Salentine seconded; motion carried. RELEASE OF FUNDS Ald. Slocomb moved to approve a release in the amount of $6,751.82 from the Developer’s Deposit for North Cape Farms based on the memo dated November 14, 2000 submitted by Brian Turk. Ald. Sanders seconded; motion carried. VOUCHER APPROVAL Ald. Salentine moved to recommend approval of payment of General Vouchers in the amount of $2,477,251.63 and Utility Vouchers in the amount of $274,907.67. Ald. Sanders seconded; motion carried. ADJOURNMENT Ald. Slocomb moved to adjourn at 7:31 p.m. Ald. Sanders seconded; motion carried. Respectfully submitted, Jill Blenski, CMC Deputy Clerk