900 Quay Street  
Manitowoc, WI 54220  
www.manitowoc.org  
City of Manitowoc  
Meeting Minutes  
Finance Committee  
Tuesday, February 4, 2025  
5:30 PM  
Council Chambers / Virtual (Via Zoom)  
1. Call to Order  
2. Roll Call  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Present:  
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  
Presentation by Brad Viegut from Robert W. Baird & Co. Inc. on City's 2025  
Debt Financing Plan.  
25-0074  
Attachments: prs finance committee plan_manitowoc 02.04.25  
5. Discussion and Action Items  
Resolution Authorizing the Issuance and Establishing Parameters for the Sale  
of Not To Exceed $8,680,000 General Obligation Promissory Notes  
25-0083  
Attachments: City of Manitowoc (GOPNs) - Parameters Resolution  
Moved by Reckelberg, seconded by Schlei, that this Resolution be adopted. The  
motion carried by the following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
Resolution Authorizing the Issuance of Not to Exceed $7,000,000 General  
Obligation Promissory Notes and Authorizing the Issuance and Establishing  
Parameters for the Sale of Not To Exceed $7,000,000 Note Anticipation Notes in  
Anticipation Thereof  
25-0084  
Attachments: City of Manitowoc (NAN) - Parameters Resolution  
Moved by Reckelberg, seconded by Norell, that this Resolution be adopted. The  
motion carried by the following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
Resolution Authorizing the Issuance of Not to Exceed $9,000,000 General  
Obligation Promissory Notes and Authorizing the Issuance and Establishing  
Parameters for the Sale of Not To Exceed $9,000,000 Taxable Note Anticipation  
Notes in Anticipation Thereof  
25-0085  
Attachments: City of Manitowoc (TNANs) - Parameters Resolution  
Moved by Reckelberg, seconded by Sitkiewitz, that this Resolution be adopted.  
The motion carried by the following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
Scope of Engagement Re: Proposed Issuance of $8,680,000 City of Manitowoc  
(the "City") General Obligation Promissory Notes (the "Securities")  
25-0086  
Attachments: City of Manitowoc (GOPNs) - Scope of Enagement  
Moved by Reckelberg, seconded by Schlei, to authorize and approve the City to  
enter into the Agreement. The motion carried by the following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
Scope of Engagement Re: Proposed Issuance of $7,000,000 City of Manitowoc  
(the "City") Note Anticipation Notes (the "Securities")  
25-0087  
Attachments: City of Manitowoc (NANs) - Scope of Engagement  
Moved by Reckelberg, seconded by Norell, to authorize and approve the City to  
enter into the Agreement. The motion carried by the following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
Scope of Engagement Re: Proposed Issuance of $9,000,000 City of Manitowoc  
(the "City") Taxable Note Anticipation Notes (the "Securities")  
25-0088  
Attachments: City of Manitowoc (TNANs) - Scope of Engagement  
Moved by Reckelberg, seconded by Schlei, to authorize and approve the City to  
enter into the Agreement. The motion carried by the following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
6. 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 Schlei, to accept the Consent Agenda Items  
and recommendations of the various committees The motion carried by the  
following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
Minutes of the January 7, 2025 Finance Committee meeting, recommending  
approval and place on file.  
25-0075  
Attachments: 1-7-2025 Finance Committee Minutes  
Minutes of the January 20, 2025 Finance Committee meeting, recommending  
25-0076  
approval and place on file.  
Attachments: 1-20-2025 Finance Committee Minutes  
4th Qtr. 2024 Capital Allocation Working Group (CAWG) Request Log Report;  
25-0077  
recommending approval and place on file.  
Attachments: 2024 Log of CAWG Requests - Unaudited  
4th Qtr. 2024 Investment Report; recommending approval and place on file.  
25-0079  
25-0080  
Attachments: Q4 2024 Investment Reconciliation  
2024 Municipal Court Revenues & Caseload Statistics Report; recommending  
approval and place on file.  
Attachments: 2024 Municipal Court Revenues & Caseload Statistics  
7. Discussion and Action Items  
Application for "Class B" Intoxicating Liquor & Fermented Malt Beverage  
License, TAB-2471, Brittiann LLC, 905 Washington St  
25-0091  
Attachments: Memo to Finance Re Brittiann LLC Class B License Application  
2024 TAV - BRITTIANN LLC - APPLICATION  
Brittiann LLC Denial Letter  
905Washington_BufferMap  
B. Perkins CCAP  
J. Golden CCAP  
J. Golden Farmers Market Application  
Moved by Reckelberg, seconded by Sitkiewitz, that this Application be denied.  
The motion carried by the following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
4th Qtr. 2024 Claims Report  
25-0081  
Attachments: City Attorney Quarter 4 Claims Report 2024  
Moved by Reckelberg, seconded by Sitkiewitz, that this Report be accepted and  
placed on file. The motion carried by the following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
Out of State Travel Request - Community Development - GIS Coordinator -  
2025 ESRI User Conference in San Diego, CA - July 14-18, 2025  
25-0082  
Attachments: Out of State Travel Request Form - Jeremy - San Diego CA 2025  
Out of State Travel Request Form - Jeremy - San Diego 2025  
Moved by Norell, seconded by Schlei, that this Request be approved. The motion  
carried by the following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
Grant Management Policy  
24-1724  
Attachments: City of Manitowoc Grant Management Policy.Procedure - Draft  
This Policy was discussed and held over until the March Finance Committee  
meeting for further review by City staff  
8. 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:  
Settlement of Damage to Red Arrow Park Tennis Courts  
25-0089  
Attachments: Red Arrow Park - Proposed Release of All Claims  
L24-00125 Claim for Damages - E. Allain  
25-0090  
Attachments: Emily Allain Adjudication of Contempt of Court 12 11 2024  
Emily Allain correspondence BJ054426-1  
Moved by Reckelberg, seconded by Sitkiewitz, that this meeting be convened in  
closed session. The motion carried by the following roll call vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
9. Reconvene In Open Session  
Moved by Schlei, seconded by Reckelberg, that this meeting be reconvened in  
open session. The motion carried by the following roll call vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
Settlement of Damage to Red Arrow Park Tennis Courts  
25-0089  
Attachments: Red Arrow Park - Proposed Release of All Claims  
Moved by Reckelberg, seconded by Schlei, to accept the Settlement Proposal  
and direct the City Attorney to execute the property damage release and any  
further documents as he determines is necessary to complete this matter. The  
motion carried by the following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
L24-00125 Claim for Damages - E. Allain  
25-0090  
Attachments: Emily Allain Adjudication of Contempt of Court 12 11 2024  
Emily Allain correspondence BJ054426-1  
Moved by Sitkiewitz, seconded by Norell, to deny the Claim and place on file.  
The motion carried by the following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell  
Aye:  
Aye:  
8. Adjournment  
Moved by Norell, seconded by Sitkiewitz, that this meeting be adjourned. The  
motion carried by the following vote:  
5 - Brey, Reckelberg, Sitkiewitz, Schlei and Norell