Finance Committee

900 Quay Street City of Manitowoc Manitowoc, WI 54220 www.manitowoc.org Meeting Minutes Finance Committee Tuesday, September 5, 2017 6:00 PM Council Chambers 1. Call to Order 2. Roll Call Present: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 3. Approval of Minutes 17-0859 Finance Minutes August 1, 2017 Attachments: MeetingMinutes 01-Aug-2017 Moved by McMeans, seconded by Howe, that the Minutes be accepted. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 4. Public Comment No public comments at this meeting. 5. Presentations No presentations at this meeting. 6. Discussion and Action Items 17-0877 Resolution Providing for the Sale of Approximately $775,000 General Obligation Promissory Note Attachments: prs capital financing plan_manitowoc 090517 cr4 manitowoc cy (Base) cr4 manitowoc cy (Sc2) Moved by McMeans, seconded by Howe, that this Action Item be accepted. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz City of Manitowoc Page 1 Finance Committee Meeting Minutes September 5, 2017 17-0898 Resolution Supporting Creation of Tax Incremental Financing District #19, Downtown, and Declaring the Area in Need of Rehabilitation and Conservation Attachments: 17-0898_Resolution-Council_09-18-17 Moved by Sitkiewitz, seconded by Lotz, that this Action Item be accepted. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 17-0896 Term Sheet for Tax Incremental Financing for Project “Spirit” on Parcel 000-237-000 Moved by McMeans, seconded by Sitkiewitz, that this Action Item be accepted. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 17-0904 Term Sheet for Schuette Building Renovations Including Tax Incremental Financing, Brownfields Loan, Downtown Revolving Loan, and WEDC Grant. Moved by Sitkiewitz, seconded by Howe, that this Action Item be accepted. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 17-0894 I-43 Tech Park Land Sales Realtor Commission Policy and Recommendation of the Industrial Development Corporation; recommend to Approve Attachments: 17-0894_Staff Report-Realtor Commission_Finance Moved by McMeans, seconded by Sitkiewitz, that this Action Item be accepted. The motion carried by the following vote: 17-0895 Letter of Interest Regarding I-43 Tech Park Land Sale (Parcel 449-003-070, 3.16 acres) and Recommendation of the Industrial Development Corporation; recommend to Approve Attachments: 17-0895_Staff Report-Color Craft Land Sale_Finance 17-0895_Staff Report Attachments Moved by McMeans, seconded by Howe, that this Action Item be accepted. The motion carried by the following vote: City of Manitowoc Page 2 Finance Committee Meeting Minutes September 5, 2017 Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 17-0897 Project Plan and Boundary for Creation of Tax Incremental Financing District #19, Downtown Attachments: 17-0897_TID 19 Project Plan - DRAFT 08302017 Moved by Sitkiewitz, seconded by McMeans, that this Action Item be accepted. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 17-0790 Unbudgeted CAWG Request for Booster Pump for Streets Garage Attachments: Fleet - Booster Pump DPW garage unbudgeted Fleet - Booster Pump DPW garage unbudgeted (1) Moved by Lotz, seconded by Howe, that this Request be accepted. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 17-0791 Unbudgeted CAWG Request for Two Box Plow Blades Attachments: Fleet - Box Plow Blades unbudgeted Fleet - Box Plow Blades unbudgeted (1) Moved by McMeans, seconded by Sitkiewitz, that this Request be accepted. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 17-0816 Report of Finance Committee with recommendation of Alex Allie to serve as a member of the Manitowoc Public Utilities Commission for a five year term, October 1, 2017 through September 30, 2022, recommend for election. Moved by Sitkiewitz, seconded by Howe, that this Appointment be accepted. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 17-0858 Request adding Comptroller/Deputy Treasurer to the credit card holder listing at a credit limit of $2,000 Attachments: Current CC Holders List Moved by McMeans, seconded by Howe, that this Action Item be accepted. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz City of Manitowoc Page 3 Finance Committee Meeting Minutes September 5, 2017 17-0876 Approve extension of contract for ISDN PRI Lines and Centrex Lines with AT & T which are necessary for the city's telecommunication network; recommend to Approve. Attachments: Phone Line Renewal 2017 Moved by Howe, seconded by Lotz, that this Action Item be accepted. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 7. Adjournment Motion by E Sitkiewitz, seconded by M Howe to adjourn. City of Manitowoc Page 4