FM031301
FINANCE COMMITTEE - CITY OF MUSKEGO Approved
MINUTES OF MEETING HELD TUESDAY, MARCH 13, 2001
The meeting was called to order at 7:02 p.m. by Mayor De Angelis with Committee
Members Slocomb and Sanders present. Also present were Ald. Le Doux, Petfalski
and Patterson (arrived during the meeting), Plan Director Turk, and Deputy Clerk
Blenski. Committee Member Salentine was excused.
The Mayor stated the meeting was noticed in accordance with the Open Meeting Law.
APPROVAL OF MINUTES
Ald. Slocomb moved to approve the March 7, 2001 minutes. Ald. Sanders seconded;
motion carried.
NEW BUSINESS
1. Sarah Estates Developer’s Agreement, Letter of Credit and Cost Breakdown
Mr. Turk stated the documents have been reviewed and approved by the City Attorney.
The total project estimate in the amount of $894,561.50 has been reviewed and
approved by Mr. McMullen. Mr. Turk outlined contributions to be made by the
developer for future signaling at Parkland Drive and installation of Woods Road
recreation trail. Ald. Slocomb moved to recommend approval. Ald. Sanders seconded.
Mr. Turk also noted that M & I Bank has asked that the City allow assignment of the
developer’s agreement to them in the event the developer defaults on the loan;
assignment language has been included in the resolution. Motion carried.
VOUCHER APPROVAL
Ald. Slocomb moved to recommend approval of payment of General Vouchers in the
amount of $705,689.85, Tax Checks in the amount of $7,500.61 and Utility Vouchers in
the amount of $132,251.95. Ald. Sanders seconded; motion carried.
ADJOURNMENT
Ald. Slocomb moved to adjourn at 7:12 p.m. Ald. Sanders seconded; motion carried.
Respectfully submitted,
Jill Blenski, CMC
Deputy Clerk