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FM20030909 FINANCE COMMITTEE - CITY OF MUSKEGO Approved MINUTES OF MEETING HELD TUESDAY, SEPTEMBER 9, 2003 The meeting was called to order at 7:04 pm by Mayor Slocomb with Committee Members Petfalski and Schroeder present. Committee Member Salentine was excused. Also present were Ald. Buckmaster, Damaske, Madden (arrived at 7:11 pm) 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. Petfalski moved to approve minutes of the meeting held September 3, 2003. Ald. Schroeder seconded; motion carried. NEW BUSINESS Consider Increase of Fees for Cigarettes, Fermented Malt Beverage and Liquor Licenses Clerk-Treasurer Marenda appeared to discuss the possible increase of fees for cigarette and liquor licenses. There are maximum fees for some licenses regulated by state statute. Some of the City’s fees are lower than the maximum allowed. Ms. Marenda did review license fees charged by other municipalities in Waukesha County and our fees are considerably less. Ms. Marenda recommended that the fee for cigarettes be increased from $50 to $100, the maximum allowed by the state. In addition, she proposes that the Class “A” Fermented Malt Beverage license be increased from $25 to $100. This would be consistent with the fee for a Class “B” Fermented Malt Beverage license, which currently is $100 and the maximum allowed. In addition, she proposes to increase the fees for a “Class A” Liquor license and a “Class B” Liquor license from $300 to $400. The maximum allowed by state statute for each license is $500. Ms. Marenda submitted the proposal in an effort to increase revenues. The increase in licensing fees could potentially generate an additional $6,875. Ald. Schroeder moved to recommend approval of the fees proposed by the Clerk-Treasurer. Ald. Petfalski seconded; motion carried. The Mayor stated the Council could consider a resolution to increase the fees at its next meeting. REDUCTION IN LETTER OF CREDIT Ald. Petfalski moved to approve reduction in Letter of Credit for Quietwood Creek East in the amount of $199,257.46 pursuant to a recommendation of Engineering/Building Inspection Director McMullen. Ald. Schroeder seconded; motion carried. Ald. Petfalski moved to approve reduction in Letter of Credit for Rosewood Estates 1 in the amount of $32,000 pursuant to a recommendation of Engineering/Building Inspection Director McMullen. Ald. Schroeder seconded; motion carried. Ald. Buckmaster stated there were no issues with either development. Finance Committee Minutes Page 2 September 9, 2003 VOUCHER APPROVAL Ald. Petfalski moved to recommend approval of payment of General Vouchers in the amount of $1,067,418.00 and Utility Vouchers in the amount of $25,758.59. Ald. Schroeder seconded; motion carried. ADJOURNMENT Ald. Petfalski moved to adjourn at 7:23 pm. Ald. Schroeder seconded; motion carried. Respectfully submitted, Jill Blenski, CMC Deputy Clerk