Town Of Germantown, Juneau County, Wisconsin : Meeting Minutes

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October 1, 2008 October 1, 2008 Special Board Meeting

Town of Germantown—Juneau County
N7560 17th Avenue
New Lisbon, WI  53950
Special Board Meeting

October 1, 2008

Board Members Present:   Chairman—William Jax, Supervisors—Rosetta
Boyle, and Michael H. Poe.
Board Members Absent: Supervisors David Specht and Steven Gillespie.
Also present:  Clerk/Treasurer—Marion Uphoff, Deputy
Clerk/Treasurer—Betty Manson, and Fred Cobbs.


CALL TO ORDER: Chairman Jax called the special board meeting to order
at 12:00p.m.
RESOLUTION #2008-11 DESIGNATING DEPOSITORY FOR TOWN’S MONEYS:  With
the economy being bad there was discussion about Town’s moneys being
in one banking facility and how much was the Town’s moneys insured
for?  Manson contacted the M & I Bank stating FDIC covers $100,000.00
and the State of Wisconsin covers Municipalities $400,000.00. As of
October 1, 2008 the interest at M & I Bank for the Money Market
Account is 1.62% and the Impact Fee Account is 1.32%.  Motion by Poe
to transfer $264,960.58—Impact Fee Account from M & I Marshall &
Ilsley Bank to Bank of Mauston—Business Insured Money Market Impact
Fee Account at 2.83% interest and $100,000.00 from Money Market
Account at M & I Marshall & Ilsley Bank to Local Government Investment
Pool at 2.27% interest, 2nd by Boyle.  Roll Call Vote taken by Manson:
 JAX—AYE, POE—AYE AND BOYLE—AYE.  Motion Carried.  Motion by Poe to
adopt Resolution #2008-11 to designate the following banking
institutions as the Town of Germantown’s bank depositories:
M & I Marshall & Ilsley Bank		Bank of Mauston		Local Government
Investment Pool
PO Box 2045					503 State Road 82 E		One South Pinckney St, Suite 550
Milwaukee, WI 53201-2045			Mauston, WI  53948		Madison, WI  53707
and transferring $264,960.58—Impact Fee Account from M & I Marshall &
Ilsley Bank to Bank of Mauston—Business Insured Money Market Impact
Fee Account and $100,000.00 from Money Market Account at M & I
Marshall & Ilsley Bank to Local Government Investment Pool, 2nd by
Boyle.  Roll Call Vote taken by Manson:  JAX—AYE, POE—AYE AND
BOYLE—AYE.  Motion Carried.  		
ADJOURN MEETING:  Motion by Boyle to adjourn the special board meeting
at 12:40p.m.2nd by Poe.  Motion Carried.

Chairman Jax declared the meeting adjourned.

Meeting adjourned.

Respectfully submitted,


______________________________________
Betty Manson
Deputy Clerk/Treasurer

Archive

June 8, 2010 Regular Monthly Board Meeting Minutes

June 4, 2010 Special Town Board Meeting Minutes

May 13, 2010 Special Town Board Meeting Minutes

May 11, 2010 Regular Monthly Board Meeting Minutes

May 11, 2010 Public Hearing--Expansion of Boundaries of O'Dells Sanitary District #1

May 11, 2010 Board of Review (adjourn to set date)

May 7, 2010 Special Town Board Meeting Minutes

April 17, 2010 Annual Meeting Minutes

April 17, 2010 Town Road Tour

April 13, 2010 Regular Monthly Board Meeting Minutes

March 18, 2010 Special Town Board Meeting Minutes