900 Quay Street

Manitowoc, WI 54220

www.manitowoc.org

City of Manitowoc

Meeting Minutes

Finance Committee

Tuesday, August 6, 2024

5:30 PM

Council Chambers / Virtual (Via Zoom)

1. Call to Order

2. Roll Call

Present:

4 - Brey, Reckelberg, Sitkiewitz and Norell

1 - Schlei

Excused:

3. Public Comment

4. Consent Agenda

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.

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:

24-1719 - 2nd Qtr. 2024 Capital Allocation Working Group (CAWG)

Request Log Report, removed by Alderperson Reckelberg

Approval of the Consent Agenda

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

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

the following vote:

4 - Brey, Reckelberg, Sitkiewitz and Norell

1 - Schlei

Aye:

Excused:

Minutes of July 2, 2024 Finance Committee Meeting, recommending approval

and place on file

24-1714

Attachments: 7-2-2024 Finance Committee Minutes

Minutes of the June 24, 2024 Manitowoc Public Utilities (MPU) Commission

Meeting, recommending accepting and place on file

24-1715

Attachments: MPU 2024-06-24 Minutes

2nd Qtr. 2024 Budget Exception Report, recommending approval and place on

24-1716

file

Attachments: Q2 2024 Budget Exception Report for Fin Comm

2nd Qtr. 2024 Internal Controls To Prevent Fraud Report, recommending

approval and place on file

24-1717

Attachments: 2024_02 Check List for Finance Committee

2nd Qtr. 2024 Investment Report, recommending approval and place on file

24-1718

Attachments: Q2 2024 Investment Reconciliation

5. Discussion and Action Items

2nd Qtr. 2024 Capital Allocation Working Group (CAWG) Request Log Report,

recommending approval and place on file

24-1719

Attachments: Q2 2024 CAWG Report

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

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

4 - Brey, Reckelberg, Sitkiewitz and Norell

1 - Schlei

Aye:

Excused:

2nd Qtr. 2024 Claims Report from City Attorney's Office

24-1720

Attachments: Jan-June 2024- Claims Report To Finance- Qtr 2

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

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

4 - Brey, Reckelberg, Sitkiewitz and Norell

1 - Schlei

Aye:

Excused:

Scope of Engagement Re: Proposed Issuance of Approximately $1,052,000

City of Manitowoc ("City") Taxable Private LSL Replacement Loan Program

Revenue Bonds, Series 2024 (Safe Drinking Water Loan; Project 5191-17)

24-1721

Attachments: Manitowoc, C of - 2024 SDW-Scope Letter (Project 5191-17)

Moved by Sitkiewitz, seconded by Norell, to approve the Scope of Engagement

and enter into the contract. The motion carried by the following vote:

4 - Brey, Reckelberg, Sitkiewitz and Norell

1 - Schlei

Aye:

Excused:

Scope of Engagement Re: Proposed Issuance of Approximately $680,000 City

of Manitowoc ("City") Taxable Private LSL Replacement Loan Program

Revenue Bonds, Series 2024 (Safe Drinking Water Loan; Project 5191-18)

24-1722

Attachments: Manitowoc, C of - 2024 SDW-Scope Letter (Project 5191-18)

Moved by Sitkiewitz, seconded by Norell, to approve the Scope of Engagement

and enter into the contract. The motion carried by the following vote:

4 - Brey, Reckelberg, Sitkiewitz and Norell

1 - Schlei

Aye:

Excused:

WI DNR Wisconsin Assessment Monies (WAM) Grant Agreement for $75,000

for River Point Phase 3

24-1723

Attachments: Email from Community Development Director re_WCM-010

WCM-010 Award - Manitowoc - Packet

Moved by Reckelberg, seconded by Sitkiewitz, to accept the Grant and authorize

the Mayor and City Clerk to sign the appropriate documents. The motion carried

by the following vote:

4 - Brey, Reckelberg, Sitkiewitz and Norell

1 - Schlei

Aye:

Excused:

Grant Management Policy

24-1724

Moved by Sitkiewitz, seconded by Norell, that this document be placed on file.

The motion carried by the following vote:

4 - Brey, Reckelberg, Sitkiewitz and Norell

1 - Schlei

Aye:

Excused:

3 Year Contract for Cellular/Wireless Service for the City of Manitowoc with

New-Cell, LLC DBA CellCom

24-1727

Attachments: Business Unlimited Plus Rate Plan

First Responders Plan

Preferred Reg Govt $0 Access

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

The motion carried by the following vote:

4 - Brey, Reckelberg, Sitkiewitz and Norell

Aye:

1 - Schlei

Excused:

6. 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.

The specific subject matter that may be considered in closed session is:

L24-00070 Gallenberger Claim for Vehicle Damage >$5,000

24-1725

Attachments: Notice of Claim

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:

City Potential Land Purchase

24-1446

Attachments:

PARK PLAZA PURCHASE AGREEMENT FOR FUTURE

STORMWATER POND

Former Lakeshore and Mid-Cities Mall Properties Development Agreement

Scenarios

24-1726

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

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

4 - Brey, Reckelberg, Sitkiewitz and Norell

1 - Schlei

Aye:

Excused:

7. Reconvene In Open Session

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

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

4 - Brey, Reckelberg, Sitkiewitz and Norell

Aye:

1 - Schlei

Excused:

City Potential Land Purchase

24-1446

Attachments:

PARK PLAZA PURCHASE AGREEMENT FOR FUTURE

STORMWATER POND

Moved by Sitkiewitz, seconded by Norell, to enter into this Agreement and have

City staff execute the required documents to purchase the property. The motion

carried by the following vote:

4 - Brey, Reckelberg, Sitkiewitz and Norell

1 - Schlei

Aye:

Excused:

L24-00070 Gallenberger Claim for Vehicle Damage >$5,000

24-1725

Attachments: Notice of Claim

Moved by Reckelberg, seconded by Norell, that this Claim be denied. The motion