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FM082801 FINANCE COMMITTEE - CITY OF MUSKEGO Approved MINUTES OF MEETING HELD TUESDAY, AUGUST 28, 2001 The meeting was called to order at 7:05 PM by Mayor De Angelis with Committee Members Slocomb, Salentine, and Sanders present. Aldermen Le Doux and Petfalski were also present as well as Plan Director Turk 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 August 22, 2001 minutes. Ald. Salentine seconded; motion carried. NEW BUSINESS 1. Subdivider’s Agreement, Letter of Credit and Cost Breakdown - The Reserve at Champions Village Mr. Turk reviewed the documents with the committee. The letter of credit is in the amount of $472,900. Ald. Slocomb moved to recommend approval. Ald. Sanders seconded; motion carried. 2. Exemption from County Library Tax Ald. Slocomb moved to recommend approval. Ald. Sanders seconded; motion carried. The Mayor stated that in the past the Clerk signed an Application for Exemption. However, now the exemption notice must be supported by an ordinance or resolution enacted by the governing body. VOUCHER APPROVAL Ald. Salentine moved to recommend approval of payment of General Vouchers in the amount of $467,209.71 and Utility Vouchers in the amount of $651,219.05. Ald. Sanders seconded; motion carried. ADJOURNMENT Ald. Slocomb moved to adjourn at 7:14 PM. Ald. Sanders seconded; motion carried. Respectfully submitted, Jill Blenski, CMC Deputy Clerk