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FCM20120508 CITY OF MUSKEGO Approved as Corrected * FINANCE COMMITTEE MINUTES Tuesday, May 8, 2012 Muskego City Hall Mayor Chiaverotti called the meeting to order at 6:45 p.m. Committee Members Ald. Borgman, Ald. Soltysiak, and Ald. Schaumberg were present. Director of Public Works Dave Simpson was also present. Those present recited the Pledge of Allegiance. Recording Secretary McMullen stated that the meeting was properly noticed. APPROVAL OF MINUTES Ald. Borgman moved for approval of the minutes of April 24, 2012. Ald. Soltysiak seconded; motion carried. NEW BUSINESS Recommendation Regarding Award of Bid for Pioneer Drive Reconstruction Project (City Engineer) Director Simpson explained bids for the Pioneer Drive th reconstruction project were opened on May 4. Four bids were received and LaLonde Contractors, Inc. were the low bidders at $1.24 million. This is below the engineers estimate of $1.43 million. Staff and R.A. Smith National are recommending awarding the bid to LaLonde Contractors. Director Simpson added that LaLonde has does a lot of work in the St. Francis, South Milwaukee, Milwaukee areas and the company is used to these types of reconstruction projects. R.A. Smith National has also worked with them in the past. Ald. Soltysiak moved to recommend award of the Pioneer Drive Reconstruction project to LaLonde Contractors for $1,240,029.71. Ald. Borgman seconded. Motion carried. Review and Recommendation Regarding Final Assessment Resolution for Pioneer Drive Water Extension Project (City Engineer) Director Simpson explained this is the Pioneer Drive Final Assessment for the watermain project that will go from the Parks garage to Janesville Road. The costs were reduced from $104 per foot to $57 per foot. A request was made by a property owner for a lower interest rate. Mayor Chiaverotti noted the current rate is 8%. Other community’s rates include New Berlin 4- 5%, Brookfield 7%, Franklin 6%, Menomonee Falls 7%, and Oak Creek 9%. Mayor Chiaverotti added the Finance Director would be ok with a change of 1-2%, but is not recommending it. An ordinance revision may be required and the question of this being retro to past project may arise. Ald. Soltysiak questioned what the rate of the Durham Drive project was. Director Simpson stated 8%. The committee agreed to leave the interest rate at 8% to be consistent. Ald. Borgman requested research be done on the rates for project going forward. Ald. Borgman made a motion to recommend approval of the Final Assessment Resolution for Pioneer Drive Water Extension Project with the current interest rate of 8%. Ald. Schaumberg seconded. Motion carried. VOUCHER APPROVAL Ald. Borgman moved to recommend approval of Utility Vouchers in the amount $89,910.74. Ald. Schaumberg seconded; motion carried. Ald. Borgman moved to recommend approval of Tax Vouchers in the amount $5,789.00. Ald. Schaumberg seconded; motion carried. Ald. Borgman moved to recommend approval of General Fund Vouchers in the amount $542,777.40. Ald. Schaumberg seconded; motion carried. Finance Committee Minutes Page 2 May 8, 2012 FINANCE DIRECTOR’S REPORT None. COMMUNICATIONS AND ANY OTHER BUSINESS AS AUTHORIZED BY LAW None. ADJOURNMENT Ald. Soltysiak moved to adjourn the meeting at 6:50 p.m. Ald. Schaumberg seconded; motion carried. Respectfully Submitted, Kellie McMullen Recording Secretary