Finance Committee

900 Quay Street City of Manitowoc Manitowoc, WI 54220 www.manitowoc.org Meeting Minutes Finance Committee Tuesday, February 7, 2023 5:30 PM Council Chambers Note: This meeting will also be held via remote conferencing software 1. Call to Order 2. Roll Call Present: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 3. Public Comment No comment from the public at this meeting. 4. Presentation 23-0103 Presentation by Brad Viegut from Robert W. Baird & Co. Inc. on 2023 Debt Financing Plan Attachments: prs finance committee plan_manitowoc 02.07.23 5. Discussion and Action Items 23-0104 Resolution Authorizing the Issuance and Establishing Parameters for the Sale of Not to Exceed $6,130,000 General Obligation Promissory Notes Attachments: Manitowoc C of - 23 GOPNs - Parameters Resolution Moved by Reckelberg, seconded by Schlei, that this Resolution be adopted. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0105 Resolution Authorizing the Issuance of Not to Exceed $3,600,000 General Obligation Promissory Notes and Authorizing the Issuance and Establishing Parameters for the Sale of Not to Exceed $3,600,000 Note Anticipation Notes in Anticipation Thereof Attachments: Manitowoc C of - 23 NANs - Parameters Resolution Moved by Sitkiewitz, seconded by Kaderabek, that this Resolution be adopted. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0106 Scope of Engagement Re: Proposed Issuance of Not to Exceed $6,130,000 City of Manitowoc Page 1 Finance Committee Meeting Minutes February 7, 2023 City of Manitowoc (the "City") General Obligation Promissory Notes (the "Securities") Attachments: City of Manitowoc (GOPNs) - Scope of Engagement Moved by Sitkiewitz, seconded by Schlei, that this Proposal be accepted. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0107 Scope of Engagement Re: Proposed Issuance of Not to Exceed $3,600,000 City of Manitowoc (the "City") Note Anticipation Notes (the "Securities") Attachments: City of Manitowoc (NANs) - Scope of Engagement Moved by Reckelberg, seconded by Schlei, that this Proposal be accepted. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 6. 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. None Approval of the Consent Agenda Moved to accept the Consent Agenda Items and recommendations of the various committees The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0086 Minutes of the January 3, 2023 Finance Committee meeting, recommending approval and place on file Attachments: 1-3-2022 Finance Minutes 7. Discussion and Action Items 23-0087 Ordinance to Adjust Rates for Sewer Service Charges Effective March 1, 2023 Attachments: Sewer Rate Ordinance Eff. 3-1-2023 Moved by Reckelberg, seconded by Sitkiewitz, that this Ordinance be adopted. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek City of Manitowoc Page 2 Finance Committee Meeting Minutes February 7, 2023 23-0102 Granicus Subscription Renewal for Period of Performance March 18, 2023 - March 17, 2024 Attachments: Granicus Budgetary Proposal WI_Manitowoc WI_Q-247758_2023JAN31 Moved by Sitkiewitz, seconded by Schlei, that this Request be approved. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0092 Approval of the Quadricycle (Pedal Pub) License and Routes from Manitour Pedalers LLC Attachments: Manitour Pedalers LLC License and Routes Moved by Reckelberg, seconded by Sitkiewitz, that this Request be approved. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0093 Approval of the Quadricycle (Pedal Pub) License and Routes from Big Hitter Worldwide LLC Attachments: Big Hitter Worldwide LLC License and Routes Moved by Sitkiewitz, seconded by Kaderabek, that this Request be approved. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0081 Transit Budget Amendment Attachments: 2023 Letter to Amend 2023 Transit Operating Budget 2023 Transit Dept Requested-Justification - Revised Teamsters Contract 1-13-23.xls Moved by Sitkiewitz, seconded by Kaderabek, that this Request be approved. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0088 4th Quarter 2022 Investment Report Attachments: 4th Qtr 2022 Investment Report Moved by Sitkiewitz, seconded by Reckelberg, that this Report be accepted. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0089 Claims Report January 2022 - December 2022 Attachments: Jan-Dec 2022 Claims Report to Finance Committee.pdf Moved by Sitkiewitz, seconded by Schlei, that this Report be accepted. The motion carried by the following vote: City of Manitowoc Page 3 Finance Committee Meeting Minutes February 7, 2023 Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0090 Report of 2022 Municipal Court Revenues & Caseload Statistics Attachments: 2022 Municipal Court Revenues & Caseload Statistics Moved by Sitkiewitz, seconded by Kaderabek, that this Report be accepted. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0094 Claim on excessive assessment for property located at 1900 Woodland Dr (Parcel #131002150) Attachments: Letter to Manitowoc City Clerk (hand delivered) - Ghasem Azodi) (00793755xBC490) Moved by Sitkiewitz, seconded by Kaderabek, that this Claim be referred to the City Attorney's Office. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0095 Resolution Terminating TIF District No. 17 and Authorizing Treasurer to Distribute Excess Increment to Overlying Taxing Districts Attachments: RESOLUTION TERMINATING TIF DISTRICT NO 17 Moved by Reckelberg, seconded by Sitkiewitz, that this Resolution be adopted. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0096 Resolution to Extend Tax Increment Financing District No. 17 to Fund Healthy Neighborhood Initiative Attachments: Resolution for Housing Extension - TIF No 17 Moved by Sitkiewitz, seconded by Schlei, that this Resolution be adopted. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0097 Resolution Authorizing Staff to Apply to the Wisconsin Department of Natural Resources ("DNR") Wisconsin Assessment Monies ("WAM") Program for a Portion of the River Point District Attachments: Res to Apply for DNR Assessment Money River Point District Moved by Sitkiewitz, seconded by Kaderabek, that this Resolution be adopted. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0098 Ordinance to Amend Section 20.040 of the Manitowoc Municipal Code regulating Bi-Weekly Pay for Certain Employees City of Manitowoc Page 4 Finance Committee Meeting Minutes February 7, 2023 Attachments: Ord to revise language re biweekly payroll payments for employees final Moved by Sitkiewitz, seconded by Schlei, that this Ordinance be adopted. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0099 Approval of a Qualified Environmental Consulting (QEC) Consultant Attachments: RFQ Brownfields Grants and Administrative Services_Final_Addendum One 12.19.22 QEC Recommendation 2-6-2023 Stantec - Manitowoc Brownfield SOQ Moved by Sitkiewitz, seconded by Reckelberg, that this Request be approved. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0100 Letter of Intent from Wireless Propco LLC for the 736 Revere Drive Cell Tower Attachments: Memo to Finance Com re Cell Tower Easement Agreement LOI- 736 Revere_ Moved by Reckelberg, seconded by Schlei, that this Request be approved. The motion carried by the following vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek Finance Committee Chair Jim Brey read the notice to Convene in Closed Session: 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. 8. Closed Session Moved by Kaderabek, seconded by Sitkiewitz, to convene in closed session. The motion carried by the following roll call vote: Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0101 Update on the River North Tax Appeal and the Draft Stipulation to Dismiss Finance Committee deliberated inn closed session. (redacted -- Closed Session) 9. Reconvene in Open Session Moved by Schlei, seconded by Reckelberg, to reconvene in open session. The motion carried by the following roll call vote: City of Manitowoc Page 5 Finance Committee Meeting Minutes February 7, 2023 Aye: 5- Brey, Sitkiewitz, Schlei, Reckelberg and Kaderabek 23-0101 Update on the River North Tax Appeal and the Draft Stipulation to Dismiss 10. Adjournment Moved by Sitkiewitz, seconded by Kaderabek, that this meeting be adjourned. City of Manitowoc Page 6