Finance Committee

900 Quay Street City of Manitowoc Manitowoc, WI 54220 www.manitowoc.org Meeting Minutes Finance Committee Tuesday, November 13, 2018 5:30 PM City Hall First Floor Conference Room (West) 1. Call to Order 2. Roll Call Present: 5- Brey, Lotz, McMeans, Sitkiewitz and Williams 3. Public Comment No public comment at this meeting. 4. Approval of Minutes 18-1141 Minutes of November 5, 2018 Finance Committee Meeting, recommend approval and place on file. Attachments: MeetingMinutes 05-Nov-2018 Moved by McMeans, seconded by Lotz, that the Minutes be accepted. The motion carried by the following vote: Aye: 5- Brey, Lotz, McMeans, Sitkiewitz and Williams 5. Discussion and Action Items City of Manitowoc Page 1 Finance Committee Meeting Minutes November 13, 2018 18-1106 2019 Executive Budget Review - 2019 Borrowing - Brad Viegut, RW Baird will be at October 30 Meeting - 2019 Capital Projects - General Budget Review - Wheel Tax vs. Special Assessments - Position Requests - Newton Gravel Pit - Library Budget - Employee Pay Plan Attachments: debt MAYOR RATING 2019 Cawg final KL w acct line 2018 Statement of Assessment FINAL Equated 2018 Tax LEVY by FUND.1 2018 Tax Levy RATE Worksheet Tax Levy Change Budget Worksheet 2019.8 Wheel Tax FAQ Parks Planner Justification DPI Laborer Justification Pay GO Items in Budget DPI Street Maintenance Costs 2019 Cawg Rating results MAYOR RATING 2019 Cawg final KL w acct line CAWG RATING Debt Service 6.5m repayment level Analysis Debt Service 7.0m repayment level Analysis Budget Items 5 percent downtown facade grant downtown facade grant application Parks Manager Information Example Grant Opportunities MAYOR RATING 2019 Cawg final KL w acct line CAWG RATING MAYOR RATING 2019 Cawg final KL w acct line CAWG RATING.2 The action items created from this meeting are: DPI to prioritize the Asphalt/Concrete/Storm projects to remove $1,100,000 of projects and bring back recommendation to the next meeeting. Finance to report on how many residential special assessments there were for reconstruction projects for the past 5 years. City of Manitowoc Page 2 Finance Committee Meeting Minutes November 13, 2018 The Finance Committee agreed they would support borrowing $6M. The proposed amount is $9,726,455. Many motions to the proposed budget were made: Moved by Williams, seconded by McMeans, that this Action Item be accepted to remove $10,000 from the proposed capital borrowing for Storm Sewer at Reed Ave and East of N 2nd Street. The motion carried by the following vote: Aye: 5- Brey, Lotz, McMeans, Sitkiewitz and Williams Moved by Sitkiewitz, seconded by McMeans, that this Action Item be accepted to remove $1,475,000 from the proposed capital borrowing for S 30th St. reconstruction and storm sewer. The motion carried by the following vote: Aye: 5- Brey, Lotz, McMeans, Sitkiewitz and Williams Moved by McMeans, seconded by Lotz, that this Action Item be accepted to remove $100,000 and $45,000 from the proposed capital borrowing for Meadow Ct asphalt and the MPSD municipal field upgrades respectively. The motion carried by the following vote: Aye: 5- Brey, Lotz, McMeans, Sitkiewitz and Williams Moved by McMeans, seconded by Sitkiewitz, that this Action Item be accepted to remove $50,000 from the proposed capital borrowing for 2 of the 4 splash pads. The motion carried by the following vote: Aye: 4- Lotz, McMeans, Sitkiewitz and Williams Nay: 1- Brey Moved by McMeans, seconded by Sitkiewitz, that this Action Item be accepted to remove $100,000 and another $100,000 from the proposed capital borrowing for Park Signage and the Band Shell, with an amendment Moved by McMeans, seconded by Brey to add back $20,000 for the Restoration project of the current Band Shell. The motion carried by the following vote: Aye: 5- Brey, Lotz, McMeans, Sitkiewitz and Williams Moved by McMeans, seconded by Lotz, that this Action Item be accepted to remove $15,000 from the proposed capital borrowing for the Blue Rail Kayak launch and Fish Selfie Stage. The motion carried by the following vote: Aye: 5- Brey, Lotz, McMeans, Sitkiewitz and Williams Moved by McMeans, seconded by Sitkiewitz, that this Action Item be accepted to remove $500,000 from the proposed capital borrowing for the CN Pennisula. The motion carried by the following vote: Aye: 5- Brey, Lotz, McMeans, Sitkiewitz and Williams Moved by Sitkiewitz, seconded by McMeans, that this Action Item be accepted to remove $25,000 from the proposed capital borrowing for the Stormwater plan at the Aquatic Center. The motion carried by the following vote: Aye: 5- Brey, Lotz, McMeans, Sitkiewitz and Williams City of Manitowoc Page 3 Finance Committee Meeting Minutes November 13, 2018 Moved by McMeans, seconded by Williams, that this Action Item be accepted to remove $25,000 from the proposed capital borrowing for Bike and pedestrian trail connectivity plan. The motion carried by the following vote: Aye: 3- Lotz, McMeans and Williams Nay: 2- Brey and Sitkiewitz Moved by Sitkiewitz, seconded by McMeans, that this Action Item be accepted to remove $20,000 from the proposed capital borrowing for the Silver Creek tow rope and ice rink. The motion carried by the following vote: Aye: 4- Lotz, McMeans, Sitkiewitz and Williams Nay: 1- Brey 18-1156 Ordinance Creating a Wheel Tax and Amending Special Assessments Attachments: Wheel Tax Ordinance as Amended at Finance Committee 11132018 Amendment#1 - Section 1 (1) Purpose: add language that distictly identifies that these funds are to be used for the reconstruction and repair of roads in lieu of Special Assessments. Amendment#2 - Section 1 (8) add this section to include language that the funds will be segregated. Moved by McMeans, seconded by Lotz, that this Ordinance be adopted as amended and referred to Council. The motion carried by the following vote: Aye: 5- Brey, Lotz, McMeans, Sitkiewitz and Williams 6. Adjournment Budget deliberations will continue on November 15, 2018 at 5:30pm in the 1st Floor West Conference Room. A motion was made by McMeans, seconded by Lotz, to adjourn. City of Manitowoc Page 4