FM20030128
FINANCE COMMITTEE - CITY OF MUSKEGO Approved
MINUTES OF MEETING HELD TUESDAY, JANUARY 28, 2003
The meeting was called to order at 7:03 pm by Ald. Petfalski with Committee Members
Salentine and Patterson present. Also present were Ald. Damaske, Le Doux, Madden,
and Schroeder, and Plan Director Turk. Mayor Slocomb was excused. Those present
recited the Pledge of Allegiance.
APPROVAL OF MINUTES
Ald. Patterson moved to approve the minutes of the meeting held January 22, 2003.
Ald. Salentine seconded; motion carried.
NEW BUSINESS
1. Review Revised Developer Deposit Policy
Mr. Turk stated revision to the policy was initiated by Mayor Slocomb. The City has a
policy in place that requires developers to establish a cash deposit account to cover
initial review costs. As the funds are depleted for the payment of invoices, the City
requests that the account be replenished. A revision to the policy is requested at this
time, primarily to increase the initial amount to be deposited. A new category for
wireless communication facilities is also proposed to be added to the policy. In
addition, a $500 rider is proposed to be added to the base deposit for rezoning and
conditional use petitions. Mr. Turk stated the dollar amounts were conservative and he
did not recommend that they be any higher than the increase being proposed because
the accounts are not interest bearing. Ald. Petfalski asked how our fees compared to
those charged by other communities. Mr. Turk responded that the initial fee is low but
the overall charge to the project is generally high. Ald. Salentine moved for approval.
Ald. Patterson seconded; motion carried.
2. Approval of Developer’s Agreement, Cost Breakdown and Establishment of
Cash Deposit Account in Lieu of Letter of Credit - Russet Court Utility
Extensions-Ihde
Mr. Turk stated there is an existing parcel located on the west side of Hillendale Drive.
The property owner is proposing to construct one single family home on the site at this
time. The property does have future development potential and the owner is
requesting to run sewer and water mains to serve the single-family residence and
future development of the parcel. The Developer’s Agreement addresses about 400’ of
sewer and water mains off of Hillendale Drive to the property. A warranty deed to the
City to convey the land the utilities will be located on is also required. City Attorney
Molter is already working on the documentation. A cash deposit account in the amount
of $50,000 will be required in lieu of a letter of credit. Mr. Turk stated that minor
technical corrections to the agreement may be required by the City Attorney. Ald.
Salentine moved to recommend approval subject to technical review by the City
Attorney. Ald. Patterson seconded; motion carried.
Finance Committee Minutes Page 2
1/28/2003
REDUCTION IN LETTER OF CREDIT
Champion Village Addition #3 - $63,355
Sarah Estates - $13,000
Lakewood Condos - $126,407.14
Nature Estates - $225,169.60
Ald. Salentine moved to approve the above reductions pursuant to recommendation of
Engineering/Building Inspection Director McMullen (dated 1/24/2003). Ald. Patterson
seconded; motion carried.
VOUCHER APPROVAL
Ald. Salentine moved to recommend approval of payment of General Vouchers in the
amount of $652,100.62, Tax Checks in the amount of $8,689.83 and Utility Vouchers in
the amount of $53,286.03. Ald. Patterson seconded; motion carried.
ADJOURNMENT
Ald. Patterson moved to adjourn at 7:20 pm. Ald. Salentine seconded; motion carried.
Respectfully submitted,
Jill Blenski, CMC
Deputy Clerk