HomeMy WebLinkAbout09/22/1986 FINANCE COMMITTEE
September 22, 1986
6:30 P.M.
Large Conference Room
Members present: Chairperson Dowie, Seeber and Miller. Also present :
Lichty, Budak, Angel, Wright and Mayor McKinley.
It was moved by Seeber, seconded by Miller that the Agenda, as proposed, be
approved. Motion carried.
The request of the Police Department to dispose of a 1974 Chevrolet Camaro
seized in connection with a narcotics investigation was reviewed. Informal
offers were received from Rick Kiefer Repair in the amount of $100.00 and
from Wilbur Auto Body in the amount of $400.00. It was the recommendation of
the Police Department to dispose of this vehicle and accept the offer of
Wilbur Auto Body. It was moved by Seeber, seconded by Miller that this
recommendation be approved. Motion carried.
It was moved by Miller, seconded by Seeber that the Superintendent of Motor
Vehicle Parking be authorized to take bids on steel to build a snow chute to
be used at the Conway Vicinity Parking Ramp. Motion carried.
It was moved by Seeber, seconded by Miller that authorization be given to the
Sign and Traffic Department to purchase items for fabrication and installation
of signs required for the Priority One streets under the Snow Removal
Ordinance as follows:
Iowa State Industries
10 rolls 24 in. X 50 yds. catchlite
sheeting ($206.25 per roll ) $2,062.50
2000 - 12 in. X 18 in. aluminum
blanks .080 ($2.55 each) 5,100.00
TOTAL $7,162.50
Warning Lights of Iowa
1888 - 4 in. X 4 in. X 10 ft. wood
posts ($6.80 each) $12,838.40
Motion carried.
It was moved by Seeber, seconded by Miller that the Superintendent of Streets
be authorized to rent a wheel loader from Swaney Equipment in the amount of
$700.00 per week for use during Clean-Up Week (October 13 - 17, 1986). Motion
carried.
It was moved by Miller, seconded by Seeber that authorization be given to the
City Engineer to take bids for the closing of the median cut on River Road
between John Deere Company and C. W. Shirey Company. Motion carried.
The request of the King Porter Athletic Club (Boxing Club) for financial
assistance in the amount of $15,000.00 was reviewed. James Boyd, representing
the King Porter Athletic Club, stated that the Center would be used for
athletics as well as other types of events. He reported that the McElroy
Trust had pledged $6,000.00 for equipment contingent upon the City's
participation in funding. The club also received various in-kind
contributions as well as indications of support from Waterloo Savings Bank and
the John Deere Foundation. The issue of liability insurance has been
investigated with a one-year cost of $145.00. An additional premium will be
requested for each show or event that is hosted. Mr. Boyd indicated that the
Center would be providing a much needed service to the young people in the
community. It was indicated that all monies to the Center would be funneled
through the Jesse Cosby Neighborhood Center and would maintain all financial
transaction records. Councilperson Seeber asked why the Boys and Girls Club
was not the sponsoring agency. It was indicated that this club did not want
boxing to become a part of their activities. Councilperson Miller indicated
that he supported the efforts of the group but questioned how the city could
financially sponsor this activity.
FINANCE COMMITTEE
September 22, 1986
Page Two
It was suggested that the City consider contributing $2,100 which is the first
year lease payment on the building in lieu of the $15,000 request. There was
some discussion as to whether the McElroy Trust would contribute their pledge
of $6,000 if the City contributed only $2,100.
After discussion, it was moved by Seeber, seconded by Miller that the City
allocate $2,100 to the King Porter Athletic Club (Boxing Club) for the first
year lease payment for the building. Motion carried.
The request of Metropolitan Transit Authority for the third quarter
appropriation by the City of Waterloo was discussed. MET Manager, Walt
Stephenson, stated that similar requests have been submitted to the City of
Cedar Falls and the Black Hawk County Board of Supervisors . The Board of
Supervisors has denied their request. It was indicated that advancement by
the City of this payment would result in the loss of interest on these funds.
Mr. Stephenson indicated that MET expects to get their next allotment of
federal funds in the next 90 days. It was moved by Seeber, seconded by Miller
that the third quarter appropriation of $108,000 be advanced to MET Transit
from the $432,557 budgeted for fiscal year 1987 contributions to the
Authority. Motion carried.
It was moved by Miller, seconded by Seeber that a garbage refund in the amount
of $72.21 be approved for 615 - 617 East Fourth Street, together with
the recommendation of approval to the City Council for bill payments contained
in Schedule A, A900, pp. 1 - 53, totalling $1,302,364.67. Motion carried.
With no further business before the Committee, the meeting was adjourned .
Larry P. Burger
City Clerk/Auditor