Minutes; Evansville Finance Committee; March 2009

City of Evansville
Finance & Labor Relations Committee

Regular Meeting
Thursday, March 5, 2009, 5:30 pm
City Hall, 31 S. Madison Street, Evansville, Wisconsin

MINUTES

I. Call to Order. The meeting was called to order at 5:30 pm by Chair Tom Cothard.

II. Roll Call. Present: Alderpersons Tom Cothard, Diane Roberts and Mason Braunschweig (arrived late). Also present: Finance Director Lisa Novinska and City Administrator Dan Wietecha.

III. Approve Agenda. Cothard made a motion, seconded by Roberts, to approve the agenda. Motion approved unanimously.

IV. Minutes of February 5, 2009, Meeting. Cothard made a motion, seconded by Roberts, to waive the reading of and to approve the minutes as presented. Motion approved unanimously.

V. Citizen Appearances. None.

VI. Water and Light Bills. Cothard made a motion, seconded by Roberts, to approve the Water and Light bills in the amount of $641,658.64 and authorize their payment. Motion approved unanimously on a roll call vote.

VII. City Bills. Cothard made a motion, seconded by Roberts, to approve the City bills in the amount of $2,534,691.11 and authorize their payment. Motion approved unanimously on a roll call vote.

VIII. Unfinished Business.
a. Community/Senior Services Coordinator. Wietecha noted that the contract amount is $327 over budget due to rounding. Cothard made a motion, seconded by Roberts, to recommend to Common Council approval of the Community/Senior Services Coordinator Contract with the Evansville Community/Senior Center. Motion approved unanimously.

IX. New Business.
a. Refunding Bonds. Wietecha explained that the $1,365,000 refunding bond issue is the second step of the financing for the Lake Leota dredging project. The bonds will be sold on a negotiated basis with Bankers Bank in the lead position and local banks having the opportunity to participate. Dave Wagner from Ehlers Associates will be at the Council meeting to present the preliminary financing report; the numbers are in line with those presented last November for the note anticipation notes. Cothard made a motion, seconded by Roberts, to recommend to Common Council approval of Resolution 2009-03, Providing for Sale of $1,365,000 General Obligation Refunding Bonds. Motion approved unanimously on a roll call vote.

b. Police Department Remodeling. Wietecha said the plans will need professional revisions in order to be submitted to the state for approval; a meeting with an architect is expected in the next week. It also appears that the $75,000 budgeted for the project may be low, but it is difficult to know until the plans are finalized.

X. Adjournment. Roberts made a motion, seconded by Braunschweig, to adjourn the meeting. Motion approved unanimously at 5:40 pm.