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FM021301 FINANCE COMMITTEE - CITY OF MUSKEGO Approved MINUTES OF MEETING HELD TUESDAY, FEBRUARY 13, 2001 The meeting was called to order at 7:05 p.m. by Mayor De Angelis with Committee Members Slocomb, Sanders and Salentine present. Also present were Ald. Chiaverotti and Le Doux, Finance Director Gunderson, Dave Anderson of Ehlers and Associates, and Deputy Clerk Blenski. The Mayor stated the meeting was noticed in accordance with the Open Meeting Law. APPROVAL OF MINUTES Ald. Slocomb moved to approve the February 7, 2001 minutes. Ald. Salentine seconded; motion carried. LICENSE APPROVALS A recommendation regarding an Operator’s License for Nick Balciunas was deferred to this meeting with the applicant requested to attend. He did not appear. OLD BUSINESS 1. Review Water Tower Site Lease - VoiceStream PCS II Corporation This item was deferred from the February 7, 2001 meeting. As the representative from VoiceStream was not present, Ald. Slocomb moved to defer. Ald. Sanders seconded; motion carried. 2. Review Purchase of Financial and Payroll Systems This item was deferred from the February 7, 2001 meeting. Ald. Slocomb provided additional information for clarification. Ald. Slocomb moved to approve basic cost of software and training for $75,045 and six months of support for $4,400 with the Mayor and Finance Director authorized to execute the documents in the name of the City for the purchase. Ald. Sanders seconded; motion carried. 3. Review Request from Muskego Chamber of Commerce for Use of Copy Equipment This item was deferred from the February 7, 2001 meeting. Ald. Slocomb stated that the City needs to treat the Chamber of Commerce as it would any other group regarding the request. Ald. Slocomb moved to deny request. Ald. Salentine seconded; motion carried. It was clarified that in an emergency situation, the Chamber could have copies made at the City’s charge of 25 cents per page. NEW BUSINESS 1. Review Bids for G. O. Borrowing Finance Committee Minutes Page 2 2/13/2001 Mr. Dave Anderson stated two bids were received. He is pleased to recommend the bid submitted by U.S. Bancorp Piper Jaffray at a true interest rate of 4.1790%. He complimented the City for receiving Moody’s “Aa3” rating. Ald. Sanders moved to recommend the bid submitted by U.S. Bancorp Piper Jaffray. Ald. Salentine seconded; motion carried. VOUCHER APPROVAL Ald. Salentine moved to recommend approval of payment of General Vouchers in the amount of $965,834.35, Tax Checks in the amount of $3,853,506.69 and Utility Vouchers in the amount of $276,809.83. Ald. Sanders seconded; motion carried. ADJOURNMENT Ald. Slocomb moved to adjourn at 7:19 p.m. Ald. Sanders seconded; motion carried. Respectfully submitted, Jill Blenski, CMC Deputy Clerk