COMMITTEE:            Finance and Land Acquisition Committee

 

DATE:                        August 16, 2005

 

TIME:                        6:30 p.m.

 

MEMBERS

PRESENT:                 Hermes, Gilmour, Hoppe, Johnston, Mietzner, Orr (arrived at 6:45)                           

 

ABSENT:                   Plese, Strong

 

NON-MEMBERS

PRESENT:                 Mayor Roy Strong, City Administrator Rob Nelis, Accounting Supervisor Robin Theobald, Executive Secretary Puracchio, Reporter Smith, Monson, City Attorney Eric Hanson

 

DISCUSSION:            Subdivision plat – Fallen Ridge

 

ACTION:                   Alderman Hermes made a motion and Alderman Gilmour seconded to open the meeting at 6.35 p.m.  All yes.  Motion passed.

 

                                    Alderman Mietzner made a motion and Alderman Gilmour seconded to approve the minutes from the July 19, 2005 meeting and have them placed on filed.  All yes. Motion passed.

 

                                    Nelis distributed a copy of the Exhibit Plat.  He explained that interest has been shown to purchase parcel 6 and the owner of parcel 5 has been making inquiries on changing the drainage ditch on his property.  When these issues were brought up Nelis explained that we had been advised by our attorney to have the property legally subdivided and easements done on the storm sewer system that runs in the back of these properties.

 

                                    The City asked for bids on the subdivision and received two.

                                   

                                    Alderman Hermes made a motion and Alderman Mietzner seconded to accept the bid of $3,600 from Rogina Engineering to prepare a Plat of Subdivision for Fallen Ridge Subdivision. All yes. Motion passed.

 

DISCUSSION:          Approval of Financial Reports          

 

ACTION:                   Alderman Hoppe made a motion and Alderman Johnston seconded to Approve the July Collector’s Report in the amount of $182,237.07 and the August Payables in the amount of $137,464.39.  All yes. Motion passed.

 

DISCUSSION:        Speers Bond Issue

 

ACTION:                   Nelis reviewed a past meeting that Speers attended with the former Council.  He stated that the budget included a bond to pay for the landfill closure, bridge across the Millrace and capital projects.  Since there are five new members, the Committee requested that Nelis invite Mr. Speers to the next Finance Committee meeting for a half hour presentation and start the meeting at 6 p.m.

 

DISCUSSION:            FundBalance Annual Maintenance Contract

 

ACTION:                   Theobald explained that FundBalance was the financial software the City uses. The staff has utilized their services extensively. The Committee agreed to the renewal and will be voting on it at the Council meeting.

 

DISCUSSION:            Adjourn

 

ACTION:                   Alderman Gilmour made a motion and Alderman Hoppe seconded to adjourn at 6:50 p.m. All yes. Motion passed.