Finance Committee

900 Quay Street City of Manitowoc Manitowoc, WI 54220 www.manitowoc.org Meeting Minutes Finance Committee Tuesday, March 6, 2018 6:00 PM Council Chambers 1. Call to Order 2. Roll Call Present: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 3. Public Comment No public comment at this meeting. 4. Consent Agenda These items will be approved by one motion unless any Committee Member wishes to remove an item for discussion. REMOVAL OF CONSENT AGENDA ITEMS: 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. 16-0930 Lowe's Home Centers, LLC Summons and Complaint 2016 Assessment, 16 CV 367, with Order for Dismissal attached. Recommending acceptance and placing on file. Attachments: 20160930011958189 Order for Dismissal 16 CV 367 Moved by Sitkiewitz, seconded by McMeans, that this Summons and Complaint be accepted for Consent Agenda. The motion carried Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 18-0235 Minutes of the Manitowoc Public Utilities Commission Meeting of Monday, January 22, 20108. Recommending acceptance and place on file. Attachments: 18-0235 Moved by Sitkiewitz, seconded by McMeans, that this Minutes be accepted for Consent Agenda. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz City of Manitowoc Page 1 Finance Committee Meeting Minutes March 6, 2018 18-0243 Minutes of the February 8, 2018 Finance Committee meeting. Recommending acceptance and place on file. Attachments: MeetingMinutes 08-Feb-2018 Moved by Sitkiewitz, seconded by McMeans, that the Minutes be accepted for Consent Agenda. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 5. Discussion and Action Items 18-0225 Eternal Flame Fund - Designated Fund Agreement with Lakeshore Community Foundation -Plan for fundraising to make the Eternal Flame Fund truly "Eternal" Attachments: Eternal Flame Agreement - Lakeshore Community Foundation City Attorney will review the Agreement. Moved by Sitkiewitz, seconded by Lotz, that this Action Item be accepted and referred to Council. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 18-0226 Update regarding the 2018 financing plan including the issuance of approximately $7,005,000 Note Anticipation Notes to fund 2018 capital projects and approximately $8,755,000 General Obligation Refunding Bonds to refund the Note Anticipation Notes and certain other debt of the City. Attachments: prs capital financing plan_manitowoc 030618 Moved by McMeans, seconded by Howe, that this Action Item be accepted and referred to Council. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz 18-0113 Request to Fund and Install a 25' x 46' Concrete Slab for a Large Corporate Donation - Lower Henry Schuette Park. Moved by Sitkiewitz, seconded by McMeans, that this Request be accepted. The motion carried by the following vote: Aye: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz City of Manitowoc Page 2 Finance Committee Meeting Minutes March 6, 2018 18-0242 Programs to Improve Housing Stock within the City of Manitowoc Attachments: Rental_Rehab_Program_Overview Owner_Occupied_Rehab_Program_Overview Sold_on_Oshkosh_Overview Curb_Appeal_Program_Overview_FINAL No action taken. More discussion will continue. 6. Adjournment Moved by Sitkiewitz, seconded by Howe, to adjourn. Present: 5- Brey, McMeans, Sitkiewitz, Howe and Lotz City of Manitowoc Page 3