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FM010901 FINANCE COMMITTEE - CITY OF MUSKEGO Approved MINUTES OF MEETING HELD TUESDAY, JANUARY 9, 2001 The meeting was called to order at 7:00 p.m. by Mayor De Angelis with Committee Members Slocomb, Sanders and Salentine present. Also present were Ald. Chiaverotti, Le Doux, and Wichgers, Engineering/Building Inspection Director McMullen, Plan Director Turk, Clerk- Treasurer Marenda, Deputy Clerk Blenski, and representatives of Dreamland Development. The Mayor stated the meeting was noticed in accordance with the Open Meeting Law. APPROVAL OF MINUTES Ald. Salentine moved to approve the January 3, 2001 minutes. Ald. Sanders seconded. Ald. Salentine moved to remove Revising Fee Schedule for Labels paragraph from the minutes to be sent back to Committee for further discussion. Ald. Slocomb seconded; motion carried. Motion to approve minutes without said paragraph carried. NEW BUSINESS 1. Approval of Dreamland Developer’s Agreement, Letter of Credit and Cost Breakdown Plan Director Turk reviewed the documentation with the Committee. He presented a revised Agreement noting that dates have been changed to reflect 2001 and the names of the corporate officers signing on behalf of the developer have been inserted. Mr. Turk also noted that an expiration date would be inserted in the Letter of Credit, which is 15 months from the date the Developer’s Agreement is executed. Ald. Salentine moved to recommend approval. Ald. Sanders seconded; motion carried. VOUCHER APPROVAL Ald. Sanders moved to recommend approval of payment of General Vouchers in the amount of $526,042.53, Tax Checks in the amount of $13,159,384.82 and Utility Vouchers in the amount of $36,512.08. Ald. Slocomb seconded; motion carried. ADJOURNMENT Ald. Slocomb moved to adjourn at 7:17 p.m. Ald. Sanders seconded; motion carried. Respectfully submitted, Jill Blenski, CMC Deputy Clerk