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FCM.2022.03.08 (Appr)CITY OF MUSKEGO FINANCE COMMITTEE MINUTES March 8, 2022 5:30 PM Muskego City Hall, W182 S8200 Racine Avenue CALL TO ORDER Mayor Petfalski called the meeting to order at 5:34 pm. PLEDGE OF ALLEGIANCE Those present recited the Pledge of Allegiance. ROLL CALL APPROVED C4 arr a SKEGO Present: Committee Members - Alderpersons Madden, Kubacki, and Wolfe. Also present: Alderpersons Hammel, and Engelhardt; Public Works and Development Director Kroeger; Public Works Superintendent Beilfuss, Lead Planner Trzebiatowski; Finace and Administration Director Mueller, City Attorney Warchol, Police Chief Westphal, and Deputy Clerk Roller. Alderman Terrence arrived at 5:38 pm. PUBLIC MEETING NOTICE Deputy Clerk Roller stated that the meeting was noticed in accordance with the open meeting law. APPROVAL OF MINUTES Finance Committee Minutes from February 22, 2022 Alderperson Kubacki moved to approve; Alderperson Madden seconded. Motion carried. LICENSE APPROVALS Recommend Approval of Outside Dance Permit - Parkland Lodge LLC d/b/a The Lodge Muskego, S74W17096 Janesville Road for June 3, 2022 (Jammin' on Janesville - 4:00 pm to 10.00 pm). Mayor Petfalski stated the time for the application is 5 pm to 11 pm. Alderperson Wolfe made a motion to recommend approval for Outside Dance from 5 pm to 11 pm on June 3, 2022 to Parkland Lodge, LLC d/b/a The Lodge Muskego. Alderperson Madden seconded; motion carried. Recommend Approval for Temporary Amendment to Licensed Premise for Parkland Lodge LLC d/b/a The Lodge Muskego, S74W17096 Janesville Road for June 3, 2022 from 10:00 am to Midnight. Front, Rear, and Side of the Parking Lot. Mayor Petfalski stated the adjusted time for the application is 3 pm to midnight. Finance Committee Minutes March 8, 2022 2 Alderperson Kubacki made a motion to recommend approval for Amendment to Premise to the parking lot; front, rear and side from 3 pm to midnight to Parkland Lodge, LLC d/b/a The Lodge Muskego. Alderperson Wolfe seconded; motion carried. NEW BUSINESS Discussion and Approval of Collateral Requirement Release Regarding the Revolving Loan Fund for Legacy Landscaping. Mayor Petfalski stated this is a request by the owners to remove the Letter of Credit as collateral on the loan. Director of Finance and Administration Mueller provided the outstanding balance on the loan as December 31, 2021 is $89,161.58. Both owners, Mr. Schure and Mr. Lewitzke carry $50,000 liens on their personal homes as additional collateral for the loan. There is currently a Letter of Credit in the amount of $87,500 which costs the owners $1,000.00 to renew each year. The owners are trying to save this yearly expenditure claiming that the liens on their personal homes should protect the City in case of a default on the loan. Attorney Warchol explained the liens on the homes are currently in the third position behind the owners' mortgages and home equity lines of credit, which doesn't adequately protect the City in the event of default on the loan; he recommends maintaining the Letter of Credit as collateral. Alderperson Wolfe made a motion to remove the liens from the owner's personal homes and maintain the Letter of Credit. Alderperson Kubacki seconded. Motion Carried. Recommend Approval of Hrin Investments LLC Developer's Agreement Alderperson Kubacki moved to recommend approval; Alderperson Madden seconded. Motion carried. Recommend Approval of Bond Reduction for Home Path Financial LP (Cobblestone) Alderperson Madden moved to recommend approval; Alderperson Wolfe seconded. Motion carried. Recommend Approval of Department of Public Works Fee Schedule Alderperson Kubacki moved to recommend approval; Alderperson Wolfe seconded. Motion carried. Finance Committee Minutes March 8, 2022 3 Recommend Award of Bid for 2022 Athletic Field Renovation Project Alderperson Madden moved to recommend approval; Alderperson Wolfe seconded. Motion carried. Recommend Approval of Engagement with Bray Architects for Planning & Repurposing of Old Police Department Building Alderperson Kubacki moved to recommend approval; Alderperson Madden seconded. Motion carried. VOUCHER APPROVAL Utility Vouchers - $37,449.61: Alderperson Kubacki moved to recommend approval. Alderperson Madden seconded; motion carried. Tax Vouchers - $163.06: Alderperson Kubacki moved to recommend approval. Alderperson Wolfe seconded; motion carried. General Fund Vouchers - $295,489.31: Alderperson Kubacki moved to recommend approval. Alderperson Madden seconded; motion carried. Wire Transfers for Debt Service - $361,974.78: Alderperson Kubacki moved to recommend approval. Alderperson Wolfe seconded; motion carried. FINANCE DIRECTOR'S REPORT None. COMMUNICATIONS AND ANY OTHER BUSINESS AS AUTHORIZED BY LAW None. ADJOURNMENT Alderperson Wolfe moved to adjourn at 5:51 p.m. Alderperson Madden seconded; motion carried. Minutes taken and transcribed by Ms. Roller.