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Finance Committee

Regular Meeting

Manitowoc, WI · January 29, 2018

AgendaMinutes

Minutes

900 Quay Street City of Manitowoc Manitowoc, WI 54220 www.manitowoc.org Meeting Minutes Finance Committee Monday, January 29, 2018 5:30 PM Council Chambers 1. Call to Order 2. Roll Call Present: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz Also Present: Mayor Justin M. Nickels, City Attorney Kathleen McDaniel, Community Development Director Nic Sparacio, Finance Director Steve Corbeille, Alderpersons Kummer, Novak and Gabriel, Doneff representatives and City Clerk Deborah Neuser. 3. Approval of Minutes 18-0047 Finance January 2, 2018 Attachments: MeetingMinutes 02-Jan-2018 Moved by Sitkiewitz, seconded by Howe, that these Minutes be approved and placed on file. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 4. Public Comment None. 5. Discussion and Action Items 17-0989 Development Agreement Between the City and Doneff’s Schuette Building LLC for Tax Incremental Financing Assistance Attachments: TIF Development Agreement_Council Draft 01-26-18 Moved by Howe, seconded by McMeans, to enter into the development agreement at the $900,000 pay as you go level based on the January 15, 2018 programs agreement. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz City of Manitowoc Page 1 Finance Committee Meeting Minutes January 29, 2018 Community Development Director Nic Sparacio presented several scenerios for the Development Agreement between Doneff's Schuette Building LLC and the City of Manitowoc to complete a renovation of the historic Schuette Building to consist of facade restoration, approximately 17 apartment units and commercial space with the project to begin no later than June 30, 2018 and shall be completed by Developer on or before August 31, 2019, and answered questions. 6. Adjournment Moved by McMeans, seconded by Sitkiewitz, that this meeting be adjourned at 6:31 p.m. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz City of Manitowoc Page 2

Agenda

900 Quay Street City of Manitowoc Manitowoc, WI 54220 www.manitowoc.org Meeting Agenda Finance Committee Monday, January 29, 2018 5:30 PM Council Chambers 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. The above governmental body will meet to discuss and possibly take action on the agenda items set forth below. 1. Call to Order 2. Roll Call 3. Approval of Minutes 18-0047 Finance January 2, 2018 Attachments: MeetingMinutes 02-Jan-2018 4. Public Comment 5. Discussion and Action Items 17-0989 Development Agreement Between the City and Doneff’s Schuette Building LLC for Tax Incremental Financing Assistance Attachments: TIF Development Agreement_Council Draft 01-26-18 6. Adjournment City of Manitowoc Page 1 Printed on 1/26/2018 Finance Committee Meeting Agenda January 29, 2018 If you need accommodations for this meeting, please notify the City Clerk’s office at least 48 hours in advance of the meeting (or as soon as possible after the meeting is posted, if posted less than 48 hours prior to the meeting time) at 920-686-6950. For additional assistance, individuals with hearing or speech disabilities can call 711 and be connected to a telephone relay system. City of Manitowoc Page 2 Printed on 1/26/2018

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