06/19/2000 Meeting Minutes - Laserfiche WebLink

Home Browse Search

Regular Council Meeting 6-19-00 Page 8 would have a revenue stream that he estimates would result in about a quarter of a million dollars over 30 years in present dollars. Mr. Brett said in his view, it is a pretty good rate of return and he thinks we are close to an agreement and the course would be a detail agreement for Council's review as well as the legislation; he hopes it would come forward in July. Roll Call: AYES: All NAYS: None No Objections from Council ^ A motion to authorize an expenditure in the amount of $109,591.24 to Perk Company, Inc. for release of retainage -less $10,000 Mr. Busa, seconded by Mr. Buckholtz, made a motion to authorize an expenditure in the amount of $ 109,521.24 to Perk Company, Inc. for release of retainage, less $ 10,000. Council President Marquardt opened this up for discussion. Mr. Brett advised he talked to the inspector from URS Greiner. Mr. Brett would like to be able to give back the bulk of the retainage at this point. The job has been substantially complete for a year. Everything has been done to our satisfaction with some quid pro quos along the way in dealing with the contractor. The $ 10,000 would address the issue of entire replacement of the stretch of road that is in question here. He would propose that if we are not satisfied with the fix that is done at this time, we would use the $ 10,000 to take out the road entirely and replace it at the cost of the contractor's retainage, subject to whatever provisions that are in the contract between the Village and the contractor at that point. Mr. Brett feels we have an obligation to return most of the retainage at this time as we don't have any qualms with 99% of the job, we just have this one issue and he feels this $ 10,000 hold back would cover any expense on that piece of road. Roll Call: AYES: All NAYS: None Motion Carried Expenditure Authorized A motion to authorize an expenditure in the amount of $56,573.00 to Wichert Insurance Company for approval of insurance for general liability for the year 2000-2001 Mr. Busa, seconded by Mrs. Mills made a motion to authorize an expenditure in the amount of $ 56,573.00 to Wichert Insurance. Council President Marquardt opened this up for discussion. Mr. Brett advised this is about a $ 4,000 increase from last year's coverage and reflects partly our increasing property holdings, and the addition of a swimming pool, the addition of the modular unit as well as some changes in coverage for uninsured motorists, which has been subject to some adverse case law in the last year. Mr. Brett said those were the things that drove the cost up but we are still paying less than what we did seven years ago for about six times the amount of coverage. Mr. Brett would recommend that we continue using Wichert Insurance.