FM20031028
FINANCE COMMITTEE - CITY OF MUSKEGO Approved
MINUTES OF MEETING HELD TUESDAY, OCTOBER 28, 2003
The meeting was called to order at 7:12 pm by Mayor Slocomb with Committee
Members Petfalski, Salentine and Schroeder present. Also present were Ald.
Buckmaster, Damaske, Madden, 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 October 22, 2003. Ald.
Salentine seconded; motion carried.
REDUCTION IN LETTERS OF CREDIT
Approve Reduction in Letter of Credit for Nature Estates, $76,254.90
Memorandum was received from Engineering/Building Inspection Director Sean
McMullen recommending reduction in Letter of Credit. The reduction represents work
successfully completed. Ald. Salentine moved to approve reduction in Letter of
Credit for Nature Estates in the amount of $76,254.90. Seconded by Ald.
Petfalski; motion carried.
Approve Reduction in Letter of Credit for Chamberlain Hills, $137,492.56
Memorandum was received from Engineering/Building Inspection Director Sean
McMullen recommending reduction in Letter of Credit. The reduction represents work
successfully completed. Ald. Salentine moved to approve reduction in Letter of
Credit for Chamberlain Hills in the amount of $137,492.56. Seconded by Ald.
Petfalski; motion carried.
Approve reduction in Letter of Credit for Candlewood Village, $338,336.17
Memorandum was received from Engineering/Building Inspection Director Sean
McMullen recommending reduction in Letter of Credit. The reduction represents work
successfully completed. Ald. Schroeder moved to approve reduction in Letter of
Credit for Candlewood Village in the amount of $338,336.17. Seconded by Ald.
Salentine; motion carried with Ald. Petfalski abstaining.
Approve reduction in Letter of Credit for Candlewood Creek, $327,000.00
Memorandum was received from Engineering/Building Inspection Director Sean
McMullen recommending reduction in Letter of Credit. The reduction represents work
successfully completed. Ald. Schroeder moved to approve reduction in Letter of
Credit for Candlewood Creek in the amount of $327,000.00. Seconded by Ald.
Salentine; motion carried with Ald. Petfalski abstaining.
Approve reduction in Letter of Credit for Quietwood East, $64,636.11
Memorandum was received from Engineering/Building Inspection Director Sean
McMullen recommending reduction in Letter of Credit. The reduction represents work
successfully completed. Ald. Schroeder moved to approve reduction in Letter of
Finance Committee Minutes Page 2
October 28, 2003
Credit for Candlewood Creek in the amount of $64,636.11. Seconded by Ald.
Salentine; motion carried.
VOUCHER APPROVAL
Ald. Salentine moved to recommend approval of payment of General Vouchers in the
amount of $688,329.05 and Utility Vouchers in the amount of $396,833.23. Ald.
Petfalski seconded; motion carried.
COMMUNICATION AND ANY OTHER BUSINESS AS AUTHORIZED BY LAW
The Committee reviewed the December Finance Committee dates. Ald. Salentine
moved to cancel the Tuesday, December 23, 2003 meeting in conjunction with the
cancellation of the Council meeting. Ald. Petfalski seconded; motion carried. The
December 17, 2003 meeting will remain scheduled at this time. Clerk-Treasurer
Marenda requested the Committee permit (Operator License) applicants to be
interviewed prior to completion of the Responsible Beverage Server Course because of
end of the year time constraints. The Committee agreed.
ADJOURNMENT
Ald. Petfalski moved to adjourn at 7:25 pm. Ald. Schroeder seconded; motion carried.
Respectfully submitted,
Jill Blenski, CMC
Deputy Clerk