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Finance Committee

February 4, 2025 ·5:30 PM Final

Council Chambers / Virtual (Via Zoom)

Agenda PDF Minutes PDF 📹 Watch video Official record ↗

Agenda — 37 items

  1. 1 Pursuant to Section 19.84(2) and (3) of the Wisconsin Statutes, notice is hereby given to the public, to the Herald-Times-Reporter, the official newspaper of Manitowoc, and to those news media who have filed a written request for this notice that a meeting of the above-referenced will be held at the date, time and location listed above. Notice is hereby given that a majority of the Common Council of the City of Manitowoc, or a standing committee of that body, may be present at this meeting to gather information about the subject matter over which they have decision making responsibility. This meeting is being conducted in Council Chambers at City Hall and via remote conferencing software (Zoom) to maximize opportunities for residents to attend. Members of the public may call in at 888 475 4499 US Toll-free, Meeting ID: 845 8412 1837 Password: 511398 Public input will be accepted at this meeting. The above governmental body will meet to discuss and possibly take action on the agenda items set forth below.
  2. 1. Call to Order ▶ jump to 0:40
  3. 2. Roll Call ▶ jump to 0:41
  4. 3. Public Comment ▶ jump to 0:45
  5. 4. Presentations
  6. 6 Presentation by Brad Viegut from Robert W. Baird & Co. Inc. on City's 2025 Debt Financing Plan; recommending to place on file 25-0074 ▶ jump to 1:30
  7. 5. Discussion and Action Items
  8. 6. Consent Agenda ▶ jump to 16:24
  9. 8 Minutes of the January 7, 2025 Finance Committee meeting, recommending approval and place on file. 25-0075 approved Pass
  10. 9 Minutes of the January 20, 2025 Finance Committee meeting, recommending approval and place on file. 25-0076 approved Pass
  11. 10 4th Qtr. 2024 Capital Allocation Working Group (CAWG) Request Log Report; recommending approval and place on file. 25-0077 approved Pass
  12. 11 4th Qtr. 2024 Investment Report; recommending approval and place on file. 25-0079 approved Pass
  13. 12 2024 Municipal Court Revenues & Caseload Statistics Report; recommending approval and place on file. 25-0080 approved Pass
  14. 13 These items will be approved by one motion unless any Committee Member wishes to remove an item for discussion. Any Committee Member may request removal of any item from the Consent Agenda, and such item shall be removed without debate or vote. Any item or part thereof removed from the Consent Agenda shall be separately considered. REMOVAL OF CONSENT AGENDA ITEMS: None
  15. 7. Discussion and Action Items
  16. 15 4th Qtr. 2024 Claims Report; recommending to accept and place on file 25-0081 accepted and placed on file Pass ▶ jump to 29:29
  17. 16 Out of State Travel Request - Community Development - GIS Coordinator - 2025 ESRI User Conference in San Diego, CA - July 14-18, 2025; recommending to approve the request 25-0082 approved Pass ▶ jump to 30:12
  18. 17 Resolution Authorizing the Issuance and Establishing Parameters for the Sale of Not To Exceed $8,680,000 General Obligation Promissory Notes 25-0083 adopted Pass ▶ jump to 11:52
  19. 17 Approval of the Consent Agenda Confirmed Approval of the Consent Agenda Pass
  20. 18 Resolution Authorizing the Issuance of Not to Exceed $7,000,000 General Obligation Promissory Notes and Authorizing the Issuance and Establishing Parameters for the Sale of Not To Exceed $7,000,000 Note Anticipation Notes in Anticipation Thereof 25-0084 adopted Pass ▶ jump to 12:29
  21. 19 Resolution Authorizing the Issuance of Not to Exceed $9,000,000 General Obligation Promissory Notes and Authorizing the Issuance and Establishing Parameters for the Sale of Not To Exceed $9,000,000 Taxable Note Anticipation Notes in Anticipation Thereof 25-0085 adopted Pass ▶ jump to 13:10
  22. 20 Scope of Engagement Re: Proposed Issuance of $8,680,000 City of Manitowoc (the "City") General Obligation Promissory Notes (the "Securities") 25-0086 approved Pass ▶ jump to 13:46
  23. 21 Scope of Engagement Re: Proposed Issuance of $7,000,000 City of Manitowoc (the "City") Note Anticipation Notes (the "Securities") 25-0087 approved Pass ▶ jump to 14:50
  24. 22 Scope of Engagement Re: Proposed Issuance of $9,000,000 City of Manitowoc (the "City") Taxable Note Anticipation Notes (the "Securities") 25-0088 approved Pass ▶ jump to 15:23
  25. 23 Grant Management Policy 24-1724 ▶ jump to 31:59
  26. 24 Application for "Class B" Intoxicating Liquor & Fermented Malt Beverage License, TAB-2471, Brittiann LLC, 905 Washington St 25-0091 denied Pass ▶ jump to 16:57
  27. 25 Settlement of Damage to Red Arrow Park Tennis Courts; recommending to accept the settlement proposal and direct the City Attorney to execute the property damage release and any further documents as he determines is necessary to conclude this matter 25-0089
  28. 26 L24-00125 Claim for Damages - E. Allain; recommending to deny the claim and place on file 25-0090
  29. 8. Closed Session ▶ jump to 39:05
  30. 28 Notice is hereby given that the above governmental body may adjourn into a closed session during the meeting as authorized by Section 19.85(1)(g) of the Wisconsin Statutes, which authorizes the governmental body to convene in closed session for the purpose of conferring with legal counsel for the governmental body who is rendering oral or written advice concerning strategy to be adopted by the body with respect to litigation in which it is or is likely to become involved. The specific subject matter that may be considered in closed session is:
  31. 29 Settlement of Damage to Red Arrow Park Tennis Courts; recommending to accept the settlement proposal and direct the City Attorney to execute the property damage release and any further documents as he determines is necessary to conclude this matter 25-0089
  32. 30 L24-00125 Claim for Damages - E. Allain; recommending to deny the claim and place on file 25-0090
  33. 9. Reconvene In Open Session reconvene in open session Pass ▶ jump to 40:16
  34. 32 Settlement of Damage to Red Arrow Park Tennis Courts; recommending to accept the settlement proposal and direct the City Attorney to execute the property damage release and any further documents as he determines is necessary to conclude this matter 25-0089 accepted Pass ▶ jump to 40:56
  35. 33 L24-00125 Claim for Damages - E. Allain; recommending to deny the claim and place on file 25-0090 denied Pass ▶ jump to 41:34
  36. 8. Adjournment adjourned Pass ▶ jump to 43:31
  37. 35 In accordance with the requirements of Title II of the Americans with Disabilities Act (ADA), the City of Manitowoc will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities. If you need assistance or reasonable accommodations in participating in this meeting or event due to a disability as defined under the ADA, please call the City Clerk's office at 920-686-6950 or the City’s ADA Coordinator at (920) 686-6990 or e-mail cityattorney@manitowoc.org at least 48 hours prior to the scheduled meeting or event to request an accommodation. For additional assistance, individuals with hearing or speech disabilities can call 711 and be connected to a telephone relay system.