FM20030114
FINANCE COMMITTEE - CITY OF MUSKEGO Approved
MINUTES OF MEETING HELD TUESDAY, JANUARY 14, 2003
The meeting was called to order at 6:02 pm by Mayor Slocomb with Committee Members.
Petfalski, and Salentine present. Committee Member Patterson was absent. Also present
were Ald. Schroeder, Finance Director Gunderson, Dave Anderson of Ehlers, and Jim Doering
of Towne Realty. 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 minutes of the meeting held January 8, 2003. Ald.
Petfalski seconded; motion carried.
LICENSE APPROVALS
Mr. Kotnik was requested to reappear before the Finance Committee regarding his application
for an Operator’s license. At the January 8 meeting, the police report had not been submitted
and was not attached to his application. Mr. Kotnik indicated that he did not have any
conviction/arrest issues; however, the police report contradicts that. Mr. Kotnik stated that
when he completed the application, City staff told him that he did not have to go back more
than five years. As the issues from his past were over 25 years ago, he did not put them on
his application. Ald. Petfalski moved to recommend approval of an Operator’s License. Ald.
Salentine seconded; motion carried. Ald. Petfalski requested clarification within the Clerk’s
office regarding future applications.
NEW BUSINESS
1. Authorizing the Issuance and Sale of $4,100,000 General Obligation Corporate
Purpose Bonds, Series 2003
Mr. Dave Anderson and Finance Director Gunderson appeared before the Committee to
present the bid tabulation. The best bid was received from Cronin & Company from
Minneapolis with a TIC of 4.0852%. Mr. Anderson noted that interest costs were estimated at
$2,314,000 and actual interest costs will be approximately $300,000 lower. Ald. Salentine
moved to recommend approval. Ald. Petfalski seconded; motion carried.
2. Review bids received for Public Works Department Truck Lift
Engineering/Building Inspection Director McMullen appeared before the Committee to request
$79,195 for the purchase of a hydraulic lift for the Public Works Garage. The existing system
needs to be replaced. Ald. Salentine moved to approve the purchase. Ald. Petfalski
seconded; motion carried.
3. Review agreement with Towne Realty for Big Muskego Estates
This item was removed from the agenda and forwarded to the Common Council without a
recommendation as Ald. Petfalski requested to abstain on this issue because of a potential
conflict of interest.
REDUCTION IN LETTER OF CREDIT
Letter of Credit - Candlewood Creek $1,202,000
This item was also removed because the Committee could not take action as Ald. Petfalski
requested to abstain. Mayor Slocomb stated the Council could address at its meeting under
Acceptance of Committee Reports.
Finance Committee Minutes Page 2
1/14/2003
Letter of Credit - Riverview Court $149,628.54
Ald. Salentine moved to approve reduction to the Letter of Credit for Riverview Court in the
amount of $149,628.54 as recommended by Engineering/Building Inspection Director
McMullen. Ald. Petfalski seconded; motion carried.
Letter of Credit - Quietwood Creek $183,972
Engineering/Building Inspection Director McMullen recommended reduction to the Letter of
Credit for Quietwood Creek in the amount of $183,972 contingent upon receipt of full and final
lien waivers for the project and receipt of $80,000 check from Carity. Ald. Petfalski moved to
approve subject to contingencies as stated by Mr. McMullen. Ald. Salentine seconded; motion
carried.
VOUCHER APPROVAL
Ald. Petfalski moved to recommend approval of payment of General Vouchers in the amount
of $1,239,430.07, Tax Checks in the amount of $15,295.816.79 and Utility Vouchers in the
amount of $461,528.18. Ald. Salentine seconded; motion carried.
COMMUNICATIONS AND OTHER MISCELLANEOUS BUSINESS
Mayor Slocomb noted Mr. Reid Murphy did successfully complete an interview as requested by
the Finance Committee regarding his application for a “Class A” liquor license. Extensive
discussion took place with him about the “ID Under 30” program.
ADJOURNMENT
Ald. Petfalski moved to adjourn at 6:35 pm. Ald. Salentine seconded; motion carried.
Respectfully submitted,
Jill Blenski, CMC
Deputy Clerk