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FM20030610 FINANCE COMMITTEE - CITY OF MUSKEGO APPROVED MINUTES OF MEETING HELD TUESDAY, JUNE 10, 2003 6-18-03 The meeting was called to order at 7:08 pm by Mayor Slocomb with Committee Members Petfalski, Salentine and Schroeder present. Also present were Ald. Buckmaster, Damaske, Madden and Patterson, Plan Director Turk, Clerk-Treasurer Marenda, and Deputy Clerk Blenski. 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 June 4, 2003. Ald. Schroeder seconded; motion carried. UNFINISHED BUSINESS Approval of Water Easement Agreement Between the City and St. Leonard Congregation This item was deferred at the May 27 meeting. The Mayor stated the agreement has not been finalized, as there are still outstanding issues. Ald. Petfalski moved to defer. Ald. Schroeder seconded; motion carried. NEW BUSINESS Recommend Approval of Authorizing the Community Development Authority (CDA) to Proceed with Negotiating a Professional Services Agreement Relating to Redevelopment District No. 2 Mr. Turk requested authorization to allow the Community Development Authority (CDA) to retain Vandewalle & Associates to prepare a Request for Proposal (RFP) for Redevelopment District No. 2. The cost for the professional services is eligible to be funded by TID #8 funds. Ald. Petfalski moved to recommend approval to authorize the CDA to proceed with negotiating an agreement with Vandewalle & Associates for Redevelopment District No. 2 for a cost not to exceed $9,000. Ald. Salentine seconded; motion carried. Mr. Turk requested the following individual agenda items be discussed together: Recommend approval of Amendment No. 1 to, MRED (Janesville/Moorland) Associates – City of Muskego, MRED Planned Development District – Developer’s Agreement Recommend approval of Amendment No. 1 to MRED (Residential/Moorland) Associates – City of Muskego, MRED Planned Development District – Developer’s Agreement Recommend approval of MRED Planned Development District, Consolidated Storm Water Management Plan Recommend approval of MRED Planned Development District, Consolidated Retention Pond Maintenance Agreement Recommend approval of Termination Agreement, MRED Planned Development, Retention Pond Maintenance Agreement #2, (Lands West of Moorland Road) Finance Committee Minutes Page 2 6/10/2003 Ald. Salentine moved for adoption. Ald. Schroeder seconded. Ald. Salentine moved to recommend approval of the above agreements. Ald. Schroeder seconded. Motion carried 2 in favor and Ald. Petfalski abstaining because of his business relationship with Towne Realty. REDUCTION IN LETTER OF CREDIT The following reductions were approved upon the recommendation of Sean McMullen. Ald. Salentine moved to approve reduction in the Letter of Credit in the amount of $135,683.90 for Prairie Meadows. Ald. Schroeder seconded; motion carried. Ald. Salentine moved to approve reduction in the Letter of Credit in the amount of $56,180.00 for Martin Estates. Ald. Schroeder seconded; motion carried. Ald. Petfalski stated Mr. McMullen confirmed that there are remaining funds for any necessary grading work. VOUCHER APPROVAL Ald. Salentine moved to recommend approval of payment of General Vouchers in the amount of $510,630.95, Utility Vouchers in the amount of $104,997.11, and Tax Checks in the amount of $446.43. Ald. Petfalski seconded; motion carried. ADJOURNMENT Ald. Schroeder moved to adjourn at 7:23 pm. Ald. Petfalski seconded; motion carried. Respectfully submitted, Jill Blenski, CMC Deputy Clerk