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FM20030812 FINANCE COMMITTEE - CITY OF MUSKEGO Approved MINUTES OF MEETING HELD TUESDAY, AUGUST 12, 2003 The meeting was called to order at 7:05 pm by Mayor Slocomb with Committee Members Petfalski, Salentine and Schroeder present. Also present were Ald. Buckmaster, Damaske, Madden and Patterson, 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 August 6, 2003. Ald. Schroeder seconded; motion carried. NEW BUSINESS GIS Grant Application - Mobility Mayor Slocomb stated the City’s GIS provider, ESRI, is making several grants available in the amount of $14,000. The Plan Department is requesting authorization to submit a grant application. The City has a good chance of qualifying. If the grant is awarded, the City could decide not to participate following review of any additional funding that may be required. Ald. Salentine moved to recommend authorization. Ald. Schroeder seconded; motion carried. REDUCTION IN LETTER OF CREDIT Ald. Salentine moved to approve Letter of Credit reduction for the Settlement on Woods in the amount of $91,800 pursuant to a recommendation of Engineering/Building Inspection Director McMullen. Ald. Petfalski seconded; motion carried. Ald. Petfalski moved to approve Letter of Credit reduction for Quietwood East in the amount of $344,110.29 pursuant to a recommendation of Engineering/Building Inspection Director McMullen. Ald. Salentine seconded; motion carried. Ald. Petfalski moved to approve Letter of Credit reduction for Rosewood Addition 1 in the amount of $14,974 pursuant to a recommendation of Engineering/Building Inspection Director McMullen. Ald. Salentine seconded; motion carried. VOUCHER APPROVAL Ald. Salentine moved to recommend approval of payment of General Vouchers in the amount of $1,364,984.90, Utility Vouchers in the amount of $201,185.27, and Tax Checks in the amount of $3,295,749.80. Ald. Petfalski seconded; motion carried. ADJOURNMENT Ald. Petfalski moved to adjourn at 7:16 pm. Ald. Schroeder seconded; motion carried. Respectfully submitted, Jill Blenski, CMC Finance Committee Minutes Page 2 July 22 2003 Deputy Clerk