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FM20030311 FINANCE COMMITTEE - CITY OF MUSKEGO Approved MINUTES OF MEETING HELD TUESDAY, MARCH 11, 2003 The meeting was called to order at 7:03 pm by Mayor Slocomb with Committee Members Petfalski, Salentine and Patterson present. Also present were Ald. Damaske, Madden, and Schroeder. Those present recited the Pledge of Allegiance. Mayor Slocomb noted the meeting was properly noticed in accordance with the open meeting law. APPROVAL OF MINUTES Ald. Salentine moved to approve minutes of the meeting held March 5, 2003. Ald. Petfalski seconded; motion carried. UNFINISHED BUSINESS 1. Approval of Subdivider’s Agreement, Letter of Credit and Cost Breakdown for The Settlement The Mayor stated this item was deferred from the 3/5/2003 meeting because of issues with the Letter of Credit language. The City Attorney stated the bank does have three days to approve a draw. He approved the format with the existing language. Ald. Patterson asked if the City could choose not to accept a letter of credit from a specific bank. The City Attorney will be asked to respond at the Council meeting when the issue is discussed. Ald. Salentine moved to recommend approval. Ald. Patterson seconded; motion carried with Ald. Salentine and Patterson voting “yes” and Ald. Petfalski voting “no.” NEW BUSINESS 1. Approval of Wernette Developer’s Agreement and Cash Deposit Ald. Salentine moved to recommend approval. Ald. Patterson seconded; motion carried. 2. Approval of County Data Sharing Agreement 2003 Orthophotography Mayor Slocomb stated this agreement with the County is being done in conjunction with the Agreement with Owen Ayres & Associates for orthophotography services. Ald. Petfalski moved to recommend approval. Ald. Salentine seconded; motion carried. 3. Offer to Purchase - Lindemann (Martin Drive Right-of-Way Acquisition) Ald. Salentine moved to recommend approval. Ald. Petfalski seconded; motion carried. VOUCHER APPROVAL Ald. Salentine moved to recommend approval of payment of General Vouchers in the amount of $695,730.71 and Utility Vouchers in the amount of $303,306.49. Ald. Petfalski seconded; motion carried. ADJOURNMENT Ald. Petfalski moved to adjourn at 7:14 pm. Ald. Patterson seconded; motion carried. Respectfully submitted, Jill Blenski, CMC Finance Committee Minutes Page 2 2/25/2003 Deputy Clerk