Loading...
FM022101 CITY OF MUSKEGO FINANCE COMMITTEE MINUTES Approved Wednesday, February 21, 2001 7:00 PM Muskego City Hall, Aldermen’s Room W182 S8200 Racine Ave. Mayor De Angelis called the meeting to order at 7:10 PM. Also in attendance were Committee Members, Ald. Slocomb, Ald. Salentine, and Ald. Sanders, Finance Director Dawn Gunderson, Ald. Le Doux, and those per attached sheet. The agenda was posted in accordance with the Open Meeting Law on February 16, 2001. REVIEW OF MINUTES OF PREVIOUS MEETING The minutes of the February 13, 2001 Finance Committee Meeting were reviewed. Ald. Sanders moved to approve the minutes. Seconded by Ald. Salentine. Carried by all. LICENSE APPROVALS – Ald. Slocomb moved to recommend approval of Operator’s Licenses for Daniel Kendall, Melissa Eichhorn, and Jennifer Gudgeon, subject to receipt of fees, favorable police reports and verification of schooling. Seconded by Ald. Salentine. Carried by all. Susan Martin was interviewed separately due to past incidents on police report. After discussion by Committee, Ald. Salentine moved to recommend approval of Operator’s License for Susan Martin subject to receipt of fees, and verification of schooling. Seconded by Ald. Slocomb. Carried by all. PERIODIC LICENSE REVIEW - None UNFINISHED BUSINESS Review Water Tower Site Lease - VoiceStream PCS II Corporation - Dawn Gunderson stated that according to the calculations she did the City would be better off receiving payments over 5 years. During the first year of this Agreement, VoiceStream shall pay City an annual license fee of $15,600.00. During the initial term and any renewal term, the annual license fee shall increase by 5% over the license fee in effect the immediately preceding year. In addition to the $15,600.00 initial payment a 1 time inception payment of $7,000.00 will also be made. Mayor De Angelis noted his recommendation at leaving the interest at 5% over 5 years and terms of either 25 or 30 years. Discussion took place on the term of the contract with the recommendation of 25 years being made. After the initial 5 year term of the agreement VoiceStream shall have the right to renew the license for 4 consecutive 5 year terms. Mike Hogan from VoiceStream was present to answer committee questions. He stated he had a signed contract to present to the Common Council and that the VocieStream check would follow commencement of contract with City. Ald. Salentine moved to recommend inception of Water Tower Site Lease with VoiceStream PCS II Corporation, term of contract changed to 25 years. Seconded by Ald. Sanders. Carried by all. NEW BUSINESS Review Landscaping Design Proposals - City Hall - Due to insufficient information this item was deferred to Tuesday, February 27, 2001, Finance Committee meeting. Review Proposal for Long Term Disability Insurance - At the request of Tim Pachowitz, Benefits, Inc., this item was deferred to Wednesday, March 7, 2001, Finance Committee meeting. MAINTENANCE AGREEMENTS - None RELEASE OF FUNDS - None REDUCTION IN LETTER OF CREDIT Finance Committee Meeting February 21, 2001 – Page #2 Quietwood Creek $257,078.00 - Ald. Salentine moved to approve reduction of Letter of Credit for Quietwood Creek in the amount of $257,078.00 contingent on the Developer’s deposit being made current prior to any reductions being made. Seconded by Ald. Sanders. Carried by all. VOUCHER APPROVAL - None FINANCE DIRECTOR’S REPORT – None COMMUNICATIONS AND ANY OTHER BUSINESS AS AUTHORIZED BY LAW - None ADJOURNMENT – Being no further business to discuss, Ald. Slocomb moved to adjourn the meeting at 7:51 PM. Seconded by Ald. Sanders. Carried by all. Respectfully Submitted, Carolyn Warhanek Recording Secretary