Financial Affairs Committee

7725 W. North Avenue Wauwatosa, WI Wauwatosa, WI 53213 Financial Affairs Committee Meeting Minutes - Final Tuesday, September 12, 2023 7:30 PM Committee Room #1 and Zoom: https://servetosa.zoom.us/j/81144274572, Meeting ID: 811 4427 4572 Regular Meeting CALL TO ORDER Chairperson James Moldenhauer called the meeting to order at 7:30 PM. ROLL CALL Present 8 Alderperson District 1 Chair James Moldenhauer Alderperson District 7 Vice Chair Amanda Fuerst Alderperson District 2 Margaret Arney Alderperson District 3 Robin Brannin Alderperson District 8 Melissa Dolan Alderperson District 4 David Lewis Alderperson District 6 Joe Phillips Alderperson District 5 Joel Tilleson FINANCIAL AFFAIRS COMMITTEE ITEMS 1. Consideration and possible action on a “Resolution Creating Tax 23-638 Incremental District No. 15, Approving its Project Plan and Establishing its Boundaries” John Ruggini, Finance Director and John Cameron, Senior Municipal Advisor, Ehlers Public Finance Advisors, presented. Public Comment: Russel Drover, 9116 Jackson Park Blvd, Wauwatosa, WI 53226 - Spoke against building apartments Ann Heidkamp, 7329 W Lloyd Street, Wauwatosa, WI 53213 - Concerns on lack of affordable housing Ursula Twombly, 11716 W Meinecke Avenue, Wauwatosa, WI 53226 - Concerns on lack of affordable housing Indy Stluka, 746 N 112th Street, Wauwatosa, WI 53226 - Asked various questions and gave various comments Joe Makhlouf, 772 N 116th Street, Wauwatosa, WI 53226 - Spoke against the project RESULT: APPROVED MOVER: Amanda Fuerst Page 1 of 3 Financial Affairs Committee Meeting Minutes - Final September 12, 2023 SECONDER: David Lewis Aye: 7 Ald Moldenhauer, Ald Fuerst, Ald Brannin, Ald Dolan, Ald Lewis, Ald Phillips, and Ald Tilleson Nay: 1 Ald Arney 2. Request for Fund Transfer up to $70,000 for Hart Park Stadium 23-613 Improvements David Simpson, Public Works Director, presented. RESULT: APPROVED MOVER: Joel Tilleson SECONDER: Melissa Dolan Aye: 8 Ald Moldenhauer, Ald Fuerst, Ald Arney, Ald Brannin, Ald Dolan, Ald Lewis, Ald Phillips, and Ald Tilleson 3. Request for a resolution in support of an application for grant funding 23-615 from the Wisconsin Department of Natural Resources to support development of the 116th Street Park David Simpson, Public Works Director, presented. RESULT: APPROVED MOVER: Robin Brannin SECONDER: Amanda Fuerst Aye: 8 Ald Moldenhauer, Ald Fuerst, Ald Arney, Ald Brannin, Ald Dolan, Ald Lewis, Ald Phillips, and Ald Tilleson 4. Request for additional funding for consulting design services for the 23-617 116th Street Park project David Simpson, Public Works Director, presented. RESULT: APPROVED MOVER: Amanda Fuerst SECONDER: Margaret Arney Aye: 8 Ald Moldenhauer, Ald Fuerst, Ald Arney, Ald Brannin, Ald Dolan, Ald Lewis, Ald Phillips, and Ald Tilleson 5. Approval of Initial Authorizing Resolution for 2023 General Obligation 23-190 Bonds for capital projects John Ruggini, Finance Director, presented. RESULT: APPROVED MOVER: Joel Tilleson SECONDER: Joe Phillips Aye: 8 Ald Moldenhauer, Ald Fuerst, Ald Arney, Ald Brannin, Ald Dolan, Ald Lewis, Ald Phillips, and Ald Tilleson 6. Consideration of term sheet with Barrett-Lo Visionary Development 23-647 Page 2 of 3 Financial Affairs Committee Meeting Minutes - Final September 12, 2023 related to residential redevelopment on the south Mayfair district property Closed Session: The Committee may convene into closed session regarding this item pursuant to Wis. Stat. §19.85 (1) (e), to deliberate or negotiate the purchasing of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require a closed session. The Committee may reconvene into open session to consider the balance of the agenda. Rick Barrett, Founder, Barrett Lo Visionary Development and Craig Pryde, Principal, KTGY, presented . Public Comment: Ursula Twombly, 11716 W Meinecke Ave, Wauwatosa WI 53226 - Asked questions about the property and affordable housing Joe Makhlouf, 772 N 116th Street, Wauwatosa, WI 53226 - Asked questions about the project Motion by Fuerst, seconded by Philips to go into closed session at 9:50 PM. Motion carried 8-0. RESULT: APPROVED MOVER: Amanda Fuerst SECONDER: Joe Phillips Aye: 7 Ald Moldenhauer, Ald Fuerst, Ald Arney, Ald Dolan, Ald Lewis, Ald Phillips, and Ald Tilleson Nay: 1 Ald Brannin ADJOURNMENT Meeting adjourned at 10:23 PM from Closed Session. Page 3 of 3