HomeMy WebLinkAbout11/01/1999 FINANCE COMMITTEE
November 1, 1999
5:20 p.m.
Council Chambers
Members present: Chairperson Murphy,Krizek, Jordan.
Moved by Jordan, seconded by Krizek that the Agenda, as proposed, be approved. Ayes: Three.
Motion carried.
Moved by Jordan, seconded by Krizek that the Minutes of October 25, 1999, as proposed, be
approved. Ayes: Three. Motion carried.
The request of the City Planner to approve $25,000.00 loan for Mama Nick's Pizzeria was
reviewed. The 218 Corridor has been added to the Revolving Loan Program making this project
eligible. The funding request is for facade improvements, including landscaping. Because the
loan is for $25,000.00, the application does not get reviewed by the Revolving Loan Fund
Committee. The $25,000.00 loan is at 5 percent interest, with a 7 year amortization, a personal
guarantee and/or mortgage on the property. Moved by Jordan, seconded by Krizek that said
request be approved. Ayes: Three. Motion carried.
The following bids received for the Welcome to Waterloo sign located on Texas Street were
reviewed:
Bidder Bid Amount
Nagle Signs, Inc. $391.56
Signs&Designs $692.00
It was the recommendation of the City Planner that the low bid of Nagle Signs, Inc. in the amount
of $391.56 be accepted. Moved by Krizek, seconded by Jordan that said recommendation be
approved. Ayes: Three. Motion carried.
Moved by Jordan, seconded by Krizek that a sewer refund in the amount of $95.85 for 2178
Grand Boulevard be approved. Ayes: Three. Motion carried.
Moved by Krizek, seconded by Jordan that the request of the Leisure Services Director to transfer
$2,000.00 from Line Item 1573 (Safety) to Line Item 1567 (Rec. Equip.); $1,000.00 from Line
Item 1555 (Equipment & Tools) to Line Item 1565 (Plumbing Supplies) be approved. Ayes:
Three. Motion carried.
Moved by Jordan, seconded by Krizek that Bills Payment, as contained in Schedule AP640, dated
November 1, 1999, pp. 1-77, in the amount of $702,207.38, be received, placed on file and
approved and forwarded to the full council for approval, with Councilperson Krizek abstaining on
PV 1725. Ayes: Three. Motion carried.
With no further business before the committee, it was moved by Krizek, seconded by Jordan that
the meeting be adjourned at 5:28 p.m. Ayes: Three. Motion carried.
Nancy Eckert
City Clerk