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FM121200 FINANCE COMMITTEE - CITY OF MUSKEGO Approved MINUTES OF MEETING HELD TUESDAY, DECEMBER 12, 2000 The meeting was called to order at 7:10 p.m. by Mayor De Angelis with Committee Members Slocomb and Sanders present. Committee Member Salentine was ill. Also present were Ald.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. Slocomb moved to approve the November 28, 2000 minutes. The Mayor clarified the minutes regarding the Prepaid Legal Services Program. Employees are not required to sign up for one full year. They can enroll on a month-to-month basis. Finance Director Gunderson stated that the expense is not eligible for pretax deduction according to the IRS. Ald. Sanders seconded. Motion to approve the minutes carried. UNFINISHED BUSINESS 1. Further review of Dental Contract Proposals The Finance Director explained that at the December 6, 2000 meeting, the committee recommended First Commonwealth Option #1 with the understanding that employees could choose between two HMO plans within that option. First Commonwealth informed her that the City had to choose only one of the two plans. It is her recommendation that Plan 4W105 HMO be selected because it closely resembles coverage that employees currently have. Ald. Slocomb moved to recommend approval. Ald. Sanders seconded; motion carried. NEW BUSINESS 1. Construction Agreement - Woods Road for Candlewood Creek LLC Plan Director Turk stated that the Agreement and Letter of Credit were previously approved in February. The developer did not proceed at that time because of delays regarding the reconstruction of Woods Road. Minor changes have been made to the Agreement, which Mr. Turk identified. He submitted a draft of the Letter of Credit noting that the only change was that M & I Bank will now be the issuer. Ald. Slocomb moved to recommend approval. Ald. Sanders seconded; motion carried. 2. Review Agreement with Waukesha County Dept. of Aging for Nutrition Program Ald. Sanders moved to recommend approval of the Agreement for 2001. The Mayor stated that the program would be relocated to City Hall in 2001. Ald. Slocomb seconded; motion carried. 3. Review Distribution of Tax Increment Funds Finance Director Gunderson stated that with the preparation of the 2000 budget, it was determined that excess funds could be distributed to the City and other taxing entities from TIF #4 and TIF #6. The total amount to be distributed is $1,350,000. Ald. Sanders moved to recommend approval. Ald. Slocomb seconded; motion carried. Ms. Gunderson stated that the Finance Committee Minutes Page 2 12/12/2000 distribution checks to the taxing entities, other than the City, were included in the vouchers to be approved this evening. 4. Purchase of 2001 HP5000ps Plotter - Plan Dept. Mr. Turk explained money was included in the 2001 Capital Budget for an ink jet plotter. Since the time that the price quote was received, the model has been discontinued and replaced. The price of the new plotter is more than the amount approved in the Capital Budget. Mr. Turk received three quotes for the plotter. He found the quote submitted by Badger Blueprint in the amount of $16,495 to be the best. Ald. Slocomb moved to recommend a transfer from contingency for 2001 in the amount of $1,500 to cover the increased cost of the equipment *and to authorize the purchase of the plotter not to exceed $16,495. Ald. Sanders seconded; motion carried. Finance Director Gunderson noted that a budget amendment would be submitted for Council approval at a future date. 5. Proposed Amendment to Agreement with Muskego Volunteer Fire Company The Mayor stated that the fire company has requested that the Agreement be amended to reflect a quarterly payment schedule in which the first quarter payment would include the yearly stipend for their members. Both Ald. Slocomb and Sanders expressed concern about amending the Agreement. It was determined a recommendation would not be made by the Finance Committee and discussion would take place at the Council level. RELEASE OF FUNDS Ald. Sanders moved to approve a release to Jorgen May in the amount of $7,500 from the cash account for the Adrian Drive Cul-de-sac based on the memo dated December 7, 2000 submitted by Sean McMullen. Ald. Slocomb seconded; motion carried. REDUCTION IN LETTER OF CREDIT Ald. Slocomb moved to approve a reduction in the Letter of Credit in the amount of $277,976.06 and a reduction in the Letter of Credit in the amount of $34,255 for Quietwood Creek subject to making the Developer’s Deposit current. Ald. Slocomb moved to approve a reduction in the Letter of Credit in the amount of $135,250 for Champions Village Addition #3 based on the memo dated December 7, 2000 submitted by Sean McMullen. Ald. Sanders seconded; motion carried. VOUCHER APPROVAL Ald. Sanders moved to recommend approval of payment of General Vouchers in the amount of $1,822,831.59, Tax Checks in the amount of $485 and Utility Vouchers in the amount of $114,307.50. Ald. Slocomb seconded; motion carried. ADJOURNMENT Ald. Slocomb moved to adjourn at 7:40 p.m. Ald. Sanders seconded; motion carried. Respectfully submitted, Jill Blenski, CMC Deputy Clerk