Finance Committee

City of Verona Finance Committee City Hall – 111 Lincoln Street Verona, WI 53593-1520 MINUTES FINANCE COMMITTEE APRIL 10, 2023 The meeting was called to order by Chairperson Chad Kemp at 6:30 p.m. Roll Call: Chairperson Chad Kemp, Alder Christine Posey and Alder Mara Helmke were present. Also present: City Administrator Adam Sayre, Finance Director Brian Lamers, Alder Rye Kimmett and Parks Director Adam Waszak. Discussion and Possible Action regarding approval of March 13, 2023 Finance Committee minutes: Motion was made by Posey, seconded by Helmke to approve the March 13, 2023 Finance Committee minutes with no changes noted. Motion carried 3-0. Discussion and Possible Action regarding the Borrowing approximately $1.5 million for Century School Park Site Improvements and Construction of the Park Shelter: Sayre stated bids came in higher than anticipated, they were well over the $2 million from the Developer. The $1.5 million is $300,000 for the site work and $1.2 million for the shelter. Sayre stated staff recommends the approval of moving forward with the project this year. Motion was made by Kemp, seconded by Helmke to recommend to Common Council the borrowing of approximately $1.5 million for Century School Park Site Improvements and Construction of the Park Shelter. Motion carried 3-0. Discussion and Possible Action regarding the payment of bills: Motion was made by Kemp, seconded by Helmke to approve the payment of bills totaling $1,432,335.24. Motion carried 3-0. Adjournment: Motion was made by Helmke, seconded by Posey to adjourn the Finance Committee Meeting at 6:36 p.m. Motion carried 3-0. Respectfully submitted, Brian Lamers CPA Finance Director www.ci.verona.wi.us