Finance Committee Minutes

Minutes of the Finance Committee meeting held on Tuesday, October 5th, 2010 at city hall pursuant to notice duly given.

1. Meeting called to order at 4:35 p.m. by Chairperson Maas.
2. Roll call: Jack Maas, Dick Doeren, Ed Young, Roger Reed and Terri Berth. Also present: Mayor Fulton and Linda Belongia Administrator and as recording secretary.
3. Moved by Reed seconded by Berth to approve of the agenda as presented.
Motion carried upon verbal voice vote. 5 ayes
4. No correspondence or public input.
5. Discussion/recommendation on:
a. Recommendation from BPW on final pay request for United Const for OC-10-D for curb & gutter and sidewalk construction in the amt of $1562.70.
Maas questioned costs for tearing up the sidewalk and replacing it by the Mobil Station; Belongia will bring this to the Council meeting.
Moved by Doeren seconded by Reed to recommend to Com of the Whole approval of the final pay request to United Const for OC-10-D for $1,562.70.
Motion carried upon verbal voice vote. 5 ayes
b. Recommendation from BPW on OC-10-E sidewalk construction on southeast side not to exceed budgeted amount of $57,591. Mayor stated this is for tearing up and refurbishing the landscaping; low bid was from United Construction, but will only do as much as sidewalk budget has funds for;
Moved by Doeren seconded by Reed to recommend to Com of the Whole to approve of Sidewalk Contract OC-10-E for the southeast side of the city for amt not to exceed budget of $57,591.
Motion carried upon verbal voice vote. 5 ayes
c. Discussion on recommendation from Industrial Development Commission to transfer $20,000 from their budget to the Tourism budget for fishing tournaments.
Mayor stated we have two major tournaments that want to come to Oconto for 2011; cash outlay for one is $10,000; other one is $14,600; involves marketing, etc; plus other services they require, lodging, have met with Chamber of Commerce…total costs for both tournaments $40,000; Mayor will send out letters for corporate sponsorship; Maas questioned where will the rest of the funds come from? Mayor stated this $20,000 if approved will cover the FLW tournament...and the AIM tournament is also $20,000; hope is money can be set aside;
Moved by Doeren seconded by Berth to recommend to Com of the Whole approval of the transfer from the Industrial Development Commission budget $20,000 to the Tourism budget for the fishing tournaments.
Motion carried upon verbal voice vote. 5 ayes
d. Moved by Doeren seconded by Young to approve and recommend the same to Com of the Whole the listing of accts payables for $476,473.39; payroll for $127,694.57; and financial reports as presented.
Motion carried upon verbal voice vote. 5 ayes
6. Moved by Berth seconded by Young to adjourn. M/C
Meeting adjourned at 4:55 p.m.

Minutes submitted by
Linda M. Belongia
Administrator