900 Quay Street  
Manitowoc, WI 54220  
www.manitowoc.org  
City of Manitowoc  
Meeting Minutes  
Finance Committee  
Tuesday, February 1, 2022  
5:30 PM  
Council Chambers  
Note - Meeting will also be available via Remote  
Conferencing (Zoom)  
1. Call to Order  
2. Roll Call  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Present:  
3. Public Comment  
No public comment.  
4. Presentations  
22-0088  
Presentation by Brad Viegut on 2022 Debt Financing Plan  
Attachments: 2022 City of Manitowoc Debt Financing Plan.pdf  
5. Consent Agenda  
Approval of the Consent Agenda  
Approval of the Consent Agenda  
Moved by Brunner, seconded by Sitkiewitz, to accept the Consent Agenda Items  
and recommendations of the various committees The motion carried by the  
following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0086  
Minutes of January 4, 2022 Finance Committee meeting, recommending  
approval and place on file  
Attachments: MeetingMinutes04-Jan-2022.pdf  
22-0087  
Minutes of various Manitowoc Public Utilities Commission Meetings,  
recommending accepting and place on file  
Attachments: MPU 2021-09-13 Minutes.pdf  
MPU 2021-10-11 Minutes.pdf  
MPU 2021-10-25 Minutes.pdf  
MPU 2021-11-08 Minutes.pdf  
These items will be approved by one motion unless any Committee Member wishes to remove an  
item for discussion.  
REMOVAL OF CONSENT AGENDA ITEMS:  
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.  
6. Discussion and Action Items  
22-0110  
Resolution Authorizing the Issuance and Establishing Parameters for the  
Sale of Not to Exceed $6,440,000 General Obligation Promissory Notes  
Attachments: Parameters Resolution - 2022 GOPNs $6.44MM.pdf  
Moved by Brunner, seconded by Sitkiewitz, that this Resolution be accepted. The  
motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0111  
Resolution Authorizing the Issuance and Establishing Parameters for the  
Sale of Not to Exceed $3,845,000 General Obligation Promissory Notes  
Attachments: Parameters Resolution - 2022 GORBs $3.845MM.pdf  
Moved by Sitkiewitz, seconded by Cummings, that this Resolution be accepted.  
The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0112  
Resolution Authorizing the Issuance of Not to Exceed $3,535,000 General  
Obligation Promissory Notes and Authorizing the Issuance and  
Establishing Parameters for the Sale of Not to Exceed $3,535,000 Note  
Anticipation Notes in Anticipation Thereof  
Attachments: Parameters Resolution - 2022 NANs $3.535MM.pdf  
Moved by Brunner, seconded by Reckelberg, that this Resolution be accepted.  
The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0113  
Resolution Authorizing the Issuance of Not to Exceed $1,420,000 General  
Obligation Promissory Notes and Authorizing the Issuance and  
Establishing Parameters for the Sale of Not to Exceed $1,420,000 Taxable  
Note Anticipation Note in Anticipation Thereof  
Attachments: Parameters Resolution - 2022 TNANs $1.420MM.pdf  
Moved by Sitkiewitz, seconded by Reckelberg, that this Resolution be accepted.  
The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0114  
Resolution Authorizing the Issuance and Establishing Parameters for the  
Sale of Not to Exceed $1,500,000 Taxable General Obligation Refunding  
Bonds  
Attachments: Parameters Resolution - 2022 TGORBs $1.500MM.pdf  
Moved by Cummings, seconded by Reckelberg, that this Resolution be accepted.  
The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0090  
Discussion and possible action on the Capital Plan for the Manitowoc  
Marina  
Attachments: Manitowoc Marina Capital Plan Note.pdf  
Moved by Brey, seconded by Reckelberg, that this Action Item be accepted. The  
motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0089  
4th Qtr 2021 Investment Report, recommend to accept and place on file.  
Attachments: 4th QTR 2021 Investment Report.pdf  
Moved by Reckelberg, seconded by Sitkiewitz, that this Report be accepted and  
place on file. The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0102  
Application for "Class B" Intoxicating Liquor & Fermented Malt Beverage  
License, Lupitas Mexican Store LLC DBA Fast Taco, 1701 S 41st St.,  
recommend to approve the application.  
Attachments: Class B App - Fast Taco 1701 S 41st.pdf  
Moved by Sitkiewitz, seconded by Reckelberg, that this Application be accepted.  
The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0103  
Application for "Class B" Intoxicating Liquor & Fermented Malt Beverage  
License, The Tipsy Tomato Pub & Pizzeria, 1228 Memorial Dr,  
recommend to approve the application.  
Attachments: Class B App - Tips Tomato Pub & Pizzeria, 1228 Memorial Dr.pdf  
Moved by Sitkiewitz, seconded by Brunner, that this Application be accepted.  
The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0104  
Application for "Class B" Intoxicating Liquor & Fermented Malt Beverage  
License, Manitowoc Lodging Associates LLP DBA Baymont Hotel, 101  
Maritime Dr, recommend to approve the application.  
Attachments:  
Class B App - Manitowoc Lodging Association LLP DBA Baymont  
Hotel, 101 Maritime Dr.pdf  
Moved by Brunner, seconded by Sitkiewitz, that this Application be accepted.  
The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0106  
Correction of Error from City Assessor for 1616 Wollmer St, Parcel  
#000-144-000, recommend to reduce the assessed value to $393,800 for  
2021 and reduce the tax bill to $9,366.60  
Attachments: Correction of Error - 1616 Wollmer St - Parcel 00-144-000.pdf  
Moved by Brunner, seconded by Sitkiewitz, that this Communication be accepted  
to reduce the assessed value to $393,800 for 2021 and reduce the tax bill to  
$9,366.60. The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0109  
Communication from City Assessor on 2021 Tax Roll Omitted Parcels  
355-102-002 & 355-102-003; 1912/1916 S 23rd St, recommend to place  
on omitted tax roll and create 2021 tax bills totaling $1,642.90.  
Attachments:  
Omitted Tax Bill - 1912 & 1916 S 23rd St - Parcles 355-102-002 &  
-03.pdf  
Moved by Reckelberg, seconded by Sitkiewitz, that this Communication be  
accepted to place on omitted tax roll and create 2021 tax bills totaling $1,642.90.  
The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0105  
Report of 2021 Municipal Court Revenues & Caseload Statistics,  
recommend to accept and place on file.  
Attachments: 2021 Municipal Court Revenues & Caseload Statistics.pdf  
Moved by Reckelberg, seconded by Sitkiewitz, that this Report be accepted and  
place on file. The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0107  
Discussion and possible action on agreement between the City and  
Midwest Cycling Series to host the Tour of America’s Dairyland Bike Race,  
recommend to enter into agreement.  
Attachments: 2022 Manitowoc Race Agreement .pdf  
Moved by Sitkiewitz, seconded by Cummings, that this Agreement be accepted to  
enter into agreement. The motion carried by the following vote:  
4 - Brey, Sitkiewitz, Cummings and Reckelberg  
1 - Brunner  
Aye:  
Abstain:  
22-0022  
Discussion and possible action on American Rescue Plan Act (ARPA)  
agreement with Manitowoc County  
Attachments: Lead Lateral Emails from MPU.pdf  
Watermain Email from Mayor Nickels.pdf  
Moved by Reckelberg, seconded by Sitkiewitz, that this Action Item be accepted.  
The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
22-0091  
Discussion and possible action on City of Manitowoc Fundraising for  
Holiday Decorations  
Attachments: City of MTW Holiday Decorations Fundraise Email.pdf  
Moved by Brunner, seconded by Sitkiewitz, that this Action Item be accepted.  
The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
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:  
22-0108  
Review and discussion on a potential term sheet / development  
agreement with Kaysun  
Alderperson Brey read the Notice to go into closed session. Motion by  
J Brunner, second by M Cummings, to convene in closed session. The  
motion carried on roll call vote: Aye: 5 Nay: none  
7. Closed Session  
22-0108  
Review and discussion on a potential term sheet / development agreement  
with Kaysun  
Motion by T Reckelberg, second by M Cummings to reconvene in open  
session. Motion carried by a roll call vote: Aye: 5 Nay: none  
8. Reconvene in Open Session  
22-0108  
Review and discussion on a potential term sheet / development agreement  
with Kaysun  
Moved by Reckelberg, seconded by Sitkiewitz, that this Agreement be accepted.  
The motion carried by the following vote:  
5 - Brey, Sitkiewitz, Brunner, Cummings and Reckelberg  
Aye:  
9. Adjournment  
Moved by Sitkiewitz, seconded by Reckelberg, to adjourn.