HomeMy WebLinkAbout03/07/1994 FINANCE COMMITTEE
March 7, 1994
6 : 15 p.m.
Large Conference Room
Members present : Chairperson Krizek, Mollenhoff, Anders .
Moved by Mollenhoff, seconded by Anders that the Agenda, as
proposed, be approved. Ayes : Three . Motion carried.
The request of the Police Chief to seek bids for auctioneers for
the sale of accumulated seized, found and abandoned property was
reviewed. The department anticipates a need for as many as three
auctions through FY 1995, and the low bidder would be used for all
three auctions . Moved by Mollenhoff, seconded by Anders that said
request be approved. Ayes : Three. Motion carried.
Moved by Anders, seconded by Mollenhoff that the request of the
Police Chief to purchase certificates for both internal and
external recognition programs be approved. Ayes : Three. Motion
carried.
The request of the Insurance Coordinator to solicit bids for
renewal of General Liability, Auto Liability and Umbrella Liability
Insurance policies was reviewed. The only change to our current
specifications would be to limit the amount of collision coverage
for city vehicles to vehicles with a current value of $15, 000 or
more. Moved by Mollenhoff, seconded by Anders that said request be
approved. Ayes : Three. Motion carried.
The request of the Insurance Coordinator to seek proposals for the
Workers Compensation policy was reviewed. The city is currently in
a pooled arrangement with the League of Iowa Municipalities . The
new proposal would allow for a $100, 000 annual self-insured
retention and purchase insurance for levels above the annual cap.
Moved by Mollenhoff, seconded by Anders that said request be
approved. Ayes : Three . Motion carried.
The request of the Insurance Coordinator to submit proposals for
entity group purchase of life and long term disability insurance,
stop loss insurance and services for third party administrator and
utilization review was discussed. The City of Waterloo, Black Hawk
County, City of Cedar Falls and Waterloo Schools have joined
together to prepare specifications for the purchase of health
benefits . life and long term disability insurance . Moved by
Anders, seconded by Mollenhoff that said request be approved.
Ayes : Three . Motion carried.
Moved by Mollenhoff, seconded by Anders that a sewer refund in the
amount of $351 . 32 for 615 East 4th Street be approved. Ayes :
Three. Motion carried.
Moved by Mollenhoff, seconded by Anders that a garbage refund in
the amount of $90 . 00 for 711 West 5th Street be approved. Ayes :
Three. Motion carried.
Moved by Anders, seconded by Mollenhoff that pre-authorization
forms for two purchases over $300 be received, placed on file and
approved. Ayes : Three. Motion carried.
Moved by Mollenhoff, seconded by Anders that bills payment as
contained in Schedule A918, pp. 1-51, in the amount of
$1, 594, 456 . 59, with the deletion of Purchase Voucher 85391 in the
amount of $5, 094 . 83 be approved. Ayes : Three. Motion carried.
With no further business before the committee, it was moved by
Anders, seconded by Mollenhoff that the meeting be adjourned at
6 : 54 p.m. Ayes : Three. Motion carried.
Tom Campbell
Acting Clerk/Auditor