Finance Committee Meeting

CITY OF MINERAL POINT 137 HIGH STREET, SUITE 1 MINERAL POINT, WI 53565 608-987-2361 MINUTES CITY OF MINERAL POINT FINANCE COMMITTEE MEETING Monday, October 13, 2025, 4:00 PM City Hall Community Room 1. Call to Order, Roll Call, and Confirmation of Compliance with the Open Meetings Law. Chair Burrows called the meeting to order at 4:00 pm. Keith Burrows, Chair Present Mike Christensen Present Chris Goodney Present Others Present: Administrator Matt Honer, Deputy Clerk-Treasurer Renee Rolli, APPROVAL OF SEPTEMBER 8, 2025 MINUTES Motion (Christensen/Goodney) to approve September 8, 2025 minutes. Motion carried, all voting aye (3-0). CONSIDERATION OF PAY APPLICATION #4 FROM JI CONSTRUCTION FOR DAVIS, WASHINGTON, AND N. WISCONSIN ST. RECONSTRUCTION. Honer stated that there will be another pay application. Motion (Goodney/Burrows) to recommend Council approval of Pay Application #4 from JI Construction. Motion carried, all voting aye (3-0). CONSIDERATION OF AWARDING CONSTRUCTION BIDS FOR THE REPLACEMENT OF THE MINERAL POINT POOL CHEMICAL SYSTEM. Honer stated that he recommends not approving the bid received and that he will work with the engineer and the Parks Foreman to address the issues. The single bid that came back was over budget and there is an opportunity to approach this project differently. Motion (Christensen/Goodney) to recommend council not approve the bid received. Motion carried, all voting aye (3-0). CONSIDERATION OF AWARDING CONSTRUCTION BIDS FOR THE PROPOSED BREWERY CREEK SUBDIVISION 1ST ADDITION. Honer presented cash flow scenarios related to the proposed development. The City has sold 17 lots since purchasing the land. Honer stated that if the Council went ahead with only the initial phase 1, it would be possible that the City will have sold all lots before construction ends. Honer also shared that the TID has stronger revenues than anticipated prior to any houses being built in the subdivision. OFFICE OF THE CITY CLERK-TREASURER Mayor – Danny Clark City Administrator | Matthew Honer | administrator@cityofmineralpointwi.gov City Clerk-Treasurer | Christy Skelding | cityclerk@cityofmineralpointwi.gov  CITY OF MINERAL POINT 137 HIGH STREET, SUITE 1 MINERAL POINT, WI 53565 608-987-2361 The Committee discussed undertaking the entire subdivision project in consideration of the favorable bids received. They discussed the potential for increasing lot prices for lots on the north side of the subdivision and the overall revenues anticipated from the subdivision. Motion (Burrows/Goodney) to recommend Council proceed with awarding a bid for to undertake the full subdivision. Motion carried, all voting aye (3-0). CONSIDERATION OF THE 2026 EMERGENCY MEDICAL SERVICES AGREEMENT WITH THE MINERAL POINT RESCUE SQUAD. The contract is a 3% increase over last year. Motion (Goodney/Christensen) to recommend council approval of the 2026 Contract with the Mineral Point Rescue Squad. Motion carried, all voting aye (3-0). CONSIDERATION OF RENEWAL OF WATER TOWER LICENSE AGREEMENT WITH MHTELECOM, LLC. Honer explained the changes since the last contract and that there are always concerns with allowing access to infrastructure. Honer stated that the terms of the contract generally improved in the City’s favor. Motion (Christensen/Goodney) to recommend council approval of the agreement with MH Telecom, LLC. Motion carried, all voting aye (3-0). CONSIDERATION OF RESOLUTION 2025 - 18. Honer presented the resolution and explained the payback structure that was included in the draft. The Commission discussed the payback schedule. Motion (Burrows/Christensen) to recommend Council approval of Resolution 2025 – 18. Motion carried, all voting aye (3-0). CONSIDERATION OF RESOLUTION 2025 - 19. The purpose of Resolutions 2025 – 19 and 2025 – 20 is to allow reimbursements of expenses that the Water and Sewer Utility may incur in the coming months with future borrowing proceeds. Motion (Goodney/Christensen) to recommend Council approval Resolution 2025-19. Motion carried, all voting aye (3-0). CONSIDERATION OF RESOLUTION 2025 - 20. Motion (Goodney/Christensen) to recommend Council approval Resolution 2025-20. Motion carried, all voting aye (3-0). REVIEW MONTHLY TREASURER’S AND BUDGET REPORTS AND MONTHLY BILLS. Motion (Burrows/Christensen) to accept reports and recommend payment of the bills. Motion carried, all voting aye (3-0). OFFICE OF THE CITY CLERK-TREASURER Mayor – Danny Clark City Administrator | Matthew Honer | administrator@cityofmineralpointwi.gov City Clerk-Treasurer | Christy Skelding | cityclerk@cityofmineralpointwi.gov  CITY OF MINERAL POINT 137 HIGH STREET, SUITE 1 MINERAL POINT, WI 53565 608-987-2361 DISCUSSION AND REVIEW OF PROJECTED 2026 OPERATING BUDGET. Rolli provided a background on the budget since the last meeting. The budget will be published the following week and distributed to the City Council. DISCUSSION OF OTHER FINANCE MATTERS. Rolli provided an update on the pool budget. ADJOURN Motion (Goodney/Burrows) to adjourn at 5:22 pm. Motion carried, all voting aye (3-0). OFFICE OF THE CITY CLERK-TREASURER Mayor – Danny Clark City Administrator | Matthew Honer | administrator@cityofmineralpointwi.gov City Clerk-Treasurer | Christy Skelding | cityclerk@cityofmineralpointwi.gov