Finance Committee

City of Verona Finance Committee City Hall – 111 Lincoln Street Verona, WI 53593-1520 MINUTES FINANCE COMMITTEE APRIL 25, 2022 The meeting was called to order by Chairperson Chad Kemp at 6:30 p.m. Roll Call: Chairperson Chad Kemp, Alder Mara Helmke and Alder Christine Posey were present. Also present: Finance Director Brian Lamers Discussion and Possible Action regarding approval of April 11, 2022, Finance Committee minutes: Motion was made by Posey, seconded by Kemp to approve the April 11, 2022, Finance Committee minutes with no changes noted. Motion carried 3-0. Discussion and Possible Action regarding the Recommending to the City Council regarding the Assessment Contract from Associated Appraisal Consultants, Inc. for 2023-2027: Lamers stated that the base rate is $71,000 per year with an addition $60,000 for additional maintenance assessment services each year, which should be done every other year. Lamers stated that the recommendation is Appendix B, which would make the payments even over the 5 years for $95,000 a year, which includes the base rate and the maintenance every other year for the 5-year agreement. The reasoning for the even payments is to even out the budget every year instead of having higher amounts in some budget years. Motion was made by Kemp, seconded by Helmke to recommend the contract with Associated Appraisal Consultants, Inc. for 2023-2027 in the amount of $95,000 per year under Appendix B. Motion carried 3-0. Discussion and Possible Action regarding the payment of bills: Motion was made by Kemp, seconded by Helmke to approve the payment of bills totaling $532,351.06. Motion carried 3-0. Adjournment: Motion was made by Posey, seconded by Helmke to adjourn the Finance Committee Meeting at 6:38 p.m. Motion carried 3-0. Respectfully submitted, Brian Lamers CPA Finance Director www.ci.verona.wi.us