FM021202
FINANCE COMMITTEE - CITY OF MUSKEGO Approved
MINUTES OF MEETING HELD TUESDAY, FEBRUARY 12, 2002
The meeting was called to order at 7:01 PM by Mayor De Angelis with Committee
Members Slocomb, Sanders and Salentine present. Also present were Ald. Le Doux,
Plan Director Turk, Clerk-Treasurer Marenda, and Deputy Clerk Blenski. Those
present recited the Pledge of Allegiance.
The Mayor stated the meeting was noticed in accordance with the Open Meeting Law.
APPROVAL OF MINUTES
Ald. Salentine moved to approve the February 6, 2002 minutes. Ald. Sanders
seconded; motion carried.
UNFINISHED BUSINESS
Review Martin Estates Development Agreement
Mr. Turk requested the item be deferred to the February 20 meeting. Ald. Slocomb
moved to defer. Ald. Sanders seconded; motion carried.
NEW BUSINESS
1. Review Martin Estates Cost Breakdown and Letter of Credit
Ald. Slocomb moved for adoption. Ald. Sanders seconded. Ald. Slocomb moved to
defer. Ald. Salentine seconded; motion carried.
2. Review Pleasant View Condominium Open Space Management Plan
Mr. Turk stated the condominium plat for this development to be located on Woods
Road was recently approved. The property includes a wetland area that requires an
Open Space Management Plan Agreement. Ald. Slocomb moved to recommend
approval. Ald. Salentine seconded; motion carried.
3. Policy Regarding Provisional Licenses
The Mayor stated he put this item on the agenda. The Clerk-Treasurer will not issue a
provisional operator license if the applicant has anything within the last five years on
his/her record. The Committee determined that if there is a violation within the past five
years and it is not related to alcohol or drug abuse, the Mayor may review the
application and related police information, and direct the Clerk to issue the provisional
license. Ald. Slocomb moved to approve this policy. Ald. Sanders seconded; motion
carried.
4. Consideration of Addendum to the City’s Deferred Compensation Plan
Clerk-Treasurer Marenda stated the federal government passed a new tax act in 2001
that would affect some of the provisions of the City’s existing 457 Deferred
Compensation Plan with Equitable. The administrative rules are not yet complete.
AXA has recommended that some interim amendments be made to bring the City’s plan
into compliance and to ensure that employees are afforded the benefits. The
amendment provisions primarily deal with rollovers and contribution limits. Ms.
Marenda also stated that it was suggested that the City’s labor counsel, Lindner &
Finance Committee Minutes Page 2
2/12/2002
Marsack, review the proposed amendments. Additional amendments will be
forthcoming, this is just the start. Ald. Salentine moved to recommend approval to the
Council upon attorney review. Ald. Slocomb seconded; motion carried.
REDUCTION IN LETTER OF CREDIT
Ald. Slocomb moved to approve a release from the Developer’s Deposit for North Cape
Farms in the amount of $5,966.15. Ald. Salentine seconded; motion carried.
The reduction for Deer Creek was removed.
Ald. Salentine moved to approve a reduction to the Letter of Credit for Lakewood
Condominiums in the amount of $162,295. Ald. Sanders seconded; motion carried.
Ald. Salentine moved to approve the following reductions for Champions Village:
$198,000 for the Reserve, $49,812.85 for Addition No. 2, and $33,000.08 for the
original. Ald. Slocomb seconded; motion carried.
Ald. Slocomb moved to approve a reduction to the Letter of Credit for Sarah Estates in
the amount of $9,220. Ald. Sanders seconded; motion carried.
VOUCHER APPROVAL
Ald. Salentine moved to recommend approval of payment of General Vouchers in the
amount of $1,062,507.00, Utility Vouchers in the amount of $222,625.99 and Tax
Checks in the amount of $3,387,438.07. Ald. Sanders seconded; motion carried.
ADJOURNMENT
Ald. Slocomb moved to adjourn at 7:25 PM. Ald. Salentine seconded; motion carried.
Respectfully submitted,
Jill Blenski, CMC
Deputy Clerk