900 Quay Street

Manitowoc, WI 54220

www.manitowoc.org

City of Manitowoc

Meeting Minutes

Finance Committee

Tuesday, August 5, 2025

5:30 PM

Council Chambers / Virtual (via Zoom)

1. Call to Order

2. Roll Call

Present:

4 - Brey, Sitkiewitz, Reckelberg and Dunbar

1 - Schlei

Excused:

3. Public Comment

Finance Committee Chair Alderperson Brey declared the meeting open for public

comment. In accordance with policy, the public comment portion of the meeting

is not made part of the official record.

4. Presentations

25-0553

KerberRose Presentation of Management Letter and Annual Comprehensive

Financial Report for year ended December 31, 2024

5. Consent Agenda

These items will be approved by one motion unless any Committee Member wishes to remove an

item for discussion.

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.

REMOVAL OF CONSENT AGENDA ITEMS: None

Approval of the Consent Agenda

Moved by Sitkiewitz, seconded by Reckelberg, to accept the Consent Agenda

Items and recommendations of the various committees. The motion carried by

the following vote:

4 - Brey, Sitkiewitz, Reckelberg and Dunbar

1 - Schlei

Aye:

Excused:

Minutes of July 1, 2025 Finance Committee Meeting, recommending approval

and place on file

25-0554

Attachments: 7-1-2025 Finance Committee Minutes

Minutes of July 21, 2025 Finance Committee Meeting, recommending approval

and place on file

25-0555

25-0556

Attachments: 7-21-2025 Finance Committee Minutes

Minutes of various Manitowoc Public Utilities Commission Meetings;

recommending accepting and place on file

Attachments: 2025-04-14-Minutes

2025-05-13-Minutes

2025-06-16-Minutes

2nd Qtr. 2025 Budget Exception Report, recommending approval and place on

file

25-0557

Attachments: Q2 2025 Budget Exception Report for Fin Comm

2nd Qtr. 2025 Investment Report, recommending approval and place on file

25-0558

Attachments: Q2 2025 INVESTMENT RECONCILIATION

2nd Qtr. 2025 Internal Controls To Prevent and Detect Fraud Report,

recommending approval and place on file

25-0559

Attachments: Q2 2025 Internal Controls to Prevent and Detect Fraud Report

2nd Qtr. 2025 Capital Allocation Working Group (CAWG) Request Log Report,

recommending approval and place on file

25-0560

Attachments: Q2 2025 Log of CAWG Requests

2024 Annual Comprehensive Financial Report (ACFR) with Auditor's Report;

recommending to accept and place on file

25-0561

Attachments: City of Manitowoc_Issued_ACFR_ 123124R

Issued - City of Manitowoc Mgt Comm - 12.31.24

6. Discussion and Action Items

Request from Dug Out LLC (dba Dug Out Bar & Grill) for a temporary extension

of premise for the sale of liquor and/or beer to include the parking lot to the west

of the building & gravel/grass lots south of 4117 Broadway St on 8/23/25

25-0562

Attachments: Extension of Premises Request - Dug Out LLC -8.23.25

Moved by Sitkiewitz, seconded by Reckelberg, that this Request be approved.

The motion carried by the following vote:

4 - Brey, Sitkiewitz, Reckelberg and Dunbar

1 - Schlei

Aye:

Excused:

Application for "Class B" Retail Intoxicating Liquor & Fermented Malt Beverage

License, NS Holiday Inn Manitowoc LLC, for Holiday Inn, 4601 Calumet Ave

25-0563

Attachments:

Application of Class B Retail Intoxicating Liquor & Fermented Malt

Beverage License_NS Holiday Inn Manitowoc LLC_for Holiday Inn

4601 Calumet Ave

Moved by Dunbar, seconded by Sitkiewitz, that this Application be approved. The

motion carried by the following vote:

4 - Brey, Sitkiewitz, Reckelberg and Dunbar

1 - Schlei

Aye:

Excused:

2nd Qtr. 2025 Claims Report from City Attorney's Office

25-0564

Attachments: Q2 2025 Attorney Claims Report

Moved by Sitkiewitz, seconded by Reckelberg, that this Report be accepted and

placed on file. The motion carried by the following vote:

4 - Brey, Sitkiewitz, Reckelberg and Dunbar

Aye:

1 - Schlei

Excused:

7. 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)(e) of the Wisconsin

Statutes, which authorizes the governmental body to convene in closed session for

the purpose of deliberating or negotiating 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 specific subject matter that may be considered in closed session is:

Second Amendment to the City of Manitowoc TID No. 22 Development

Agreement with River Landing Developers LLC

25-0565

Moved by Sitkiewitz, seconded by Reckelberg, that this meeting be convened in

closed session. The motion carried by the following roll call vote:

4 - Brey, Sitkiewitz, Reckelberg and Dunbar

1 - Schlei

Aye:

Excused:

8. Reconvene In Open Session

Moved by Sitkiewitz, seconded by Reckelberg, that this meeting be reconvened

in open session. The motion carried by the following roll call vote:

4 - Brey, Sitkiewitz, Reckelberg and Dunbar

Aye:

1 - Schlei

Excused:

Second Amendment to the City of Manitowoc TID No. 22 Development

Agreement with River Landing Developers LLC

25-0565

Moved by Sitkiewitz, seconded by Dunbar, to instruct the Community

Development Department to develop an amendment to the Development

Agreement per direction from the Committee. The motion carried by the

following vote:

4 - Brey, Sitkiewitz, Reckelberg and Dunbar

1 - Schlei

Aye:

Excused:

9. Adjournment

Moved by Reckelberg, seconded by Dunbar, that this meeting be adjourned. The

motion carried by the following vote:

4 - Brey, Sitkiewitz, Reckelberg and Dunbar

1 - Schlei

Aye:

Excused: