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Jackson budget committee approves $521,023 pay request, releases $150,470 letter of credit and backs reimbursement resolution
Summary
At its Jan. 14 meeting, the Village of Jackson Budget and Finance Committee approved a $521,023.70 pay request for the Jackson Community Center expansion, released a $150,470 letter of credit for Maple Fields Phase 1, and recommended Village Board approval of Resolution 25-1 on reimbursement intent.
The Village of Jackson Budget and Finance Committee on Tuesday, Jan. 14, 2025, approved a $521,023.70 pay request for the Jackson Community Center Expansion Project, authorized a $150,470 letter-of-credit release for Maple Fields Phase 1 Subdivision and voted to recommend Village Board approval of Resolution 25-1 declaring official intent to reimburse certain expenditures from future borrowing.
The actions were routine financial items on the committee agenda and carried without extended discussion. Committee members handled minutes and routine financial reports before taking the three substantive financial votes.
Committee action details follow. All motions carried as noted by committee procedure in the meeting record.
Pay request: The committee approved Pay Request No. 6 for the Jackson Community Center Expansion Project, a payment to Moore Construction Services LLC for $521,023.70. The motion to approve the pay request was made by Committee member Manner and seconded by Committee member Wells and carried by voice vote.
Letter-of-credit release: The committee approved release of a letter of credit for Maple Fields Phase 1 Subdivision for Newman Developments in the amount of $150,470. The committee record shows the release would bring the letter of credit balance to zero and close that item. The motion to approve the release was made by Committee member Wells and seconded by Committee member Manner and carried by voice vote.
Resolution 25-1: The committee voted to recommend Village Board approval of Resolution 25-1, described in the meeting record as "a resolution declaring an official intent to reimburse expenditures from proceeds of borrowing." Committee member Heckendorf moved the recommendation; Wells seconded, and the motion carried by voice vote.
Other routine business: The committee approved minutes from the Dec. 10, 2024 budget and finance committee meeting and approved the December 2024 check register and treasurer's report earlier in the agenda. No members of the public or village staff addressed the committee during the public-comment portion of the meeting, and the committee adjourned after completing the agenda.
Votes at a glance
- Approve minutes (Dec. 10, 2024): motion carried (mover: Manner; second: Wells). - Approve December 2024 check register and treasurer's report: motion carried (mover: Wells; second: Manner). - Pay Request No. 6 — Jackson Community Center Expansion Project, Moore Construction Services LLC — $521,023.70: motion carried (mover: Manner; second: Wells). - Letter of credit release — Maple Fields Phase 1 Subdivision, Newman Developments — $150,470: motion carried (mover: Wells; second: Manner). - Recommend Village Board approve Resolution 25-1 (official intent to reimburse expenditures from borrowing): motion carried (mover: Heckendorf; second: Wells). - Motion to adjourn: motion carried (mover: Wells; second: Manner).
The meeting record does not include roll-call vote tallies; all recorded motions were adopted by voice vote. No dates or further conditions for the reimbursement resolution or the construction-pay schedule were specified in the committee record.
