Finance Committee Meeting Monday, May 12, 2025 05:30 PM Municipal Building Council Chambers – 106 Jones Street, Watertown, WI 53094

Virtual Meeting Info: https://us06web.zoom.us/join Meeting ID: 965 279 3780 Passcode: 53094 One tap mobile +16469313860 https://us06web.zoom.us/j/9652793780?pwd=0gIWdtrdiJJHznZXyVgAb9U8pNOstl.1 

1.CALL TO ORDER

2.REVIEW AND APPROVE MINUTES

1. A.Finance Committee minutes from April 21, 2025

• 250421 Finance Minutes.pdf (0.06 MB)

2. B.Finance Committee minutes from May 6, 2025

• 250506 Finance Minutes.pdf (0.06 MB)

3.BUSINESS

1. A.Notice: No Finance Committee meeting will be held on May 26 (Memorial Day).

2. B.Review and take action: Approve 1-step adjustment for wastewater division employee

• Finance 05-12-25 - JN 1-step.pdf (0.04 MB)
• JN DNR cert-05072025110832.pdf (0.04 MB)

3. C.Review and take action: Approve a 1-step adjustment for wastewater division employee

• Finance 05-12-25 - JP 1-step .pdf (0.04 MB)
• JP DNR cert-05072025110901.pdf (0.04 MB)

4. D.Review and take possible action: Approve a 1-step adjustment for water systems employee

• SB DNR cert-05072025110938.pdf (0.05 MB)
• Finance 05-12-25 SB 1-step .pdf (0.04 MB)

5. E.Review and take action: Recommend resolution authorizing the issuance and establishing parameters for the sale of not to exceed $19,0000,000 General Obligation Promissory Notes

• prs 2025 financing _watertown cy 05122025.pdf (0.24 MB)
• tl watertown cy 2025.pdf (0.09 MB)
• Watertown, C of - 25 GOPN - Resolution.pdf (0.11 MB)

6. F.Review and discuss: Intrepid Investments update

• Finance Committee REVISED memo Intrepid Investments 051225.pdf (1.13 MB)

7. G.Review and take possible action: Emergency Vehicle Preemption contract 

• FINANCE MEMO April 22 2025.pdf (1.69 MB)
• 04222025 Watertown Fire Opticom Quote.pdf (0.55 MB)

8. H.Review and take possible action: Riverfest 2025 extraordinary fee reduction

• Memo Start.pdf (0.14 MB)
• RIVERFEST ORDINANCE AND AGREEMENT.pdf (0.26 MB)
• SE Estimate of Charges RIVERFEST 2025.pdf (0.17 MB)

9. I.Review and take action: Accept bid for publication of council proceedings and city advertising and designate official city newspaper

• 2025 OFFICIAL NEWSPAPER INFO.pdf (0.41 MB)
• Resolution to designate Watertown Daily Times as Official Newspaper 2025.pdf (0.02 MB)

10. J.Review and discuss: current insurance loss run history

• Web Claim Report 04.30.25_Redacted.pdf (0.04 MB)

11. K.Convene into closed session per §19.85(1)(g) to confer 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 (Claim of Intertek-PSI re: Johnsonville Sausage project)

12. L.Reconvene into open session

13. M.Review and take action: Claim of Intertek-PSI re: Johnsonville Sausage project

14. N.Review Offer to Purchase regarding Parcel No.14-291-0915-2132-003;14-291-0915-2132-004; and 14-291-0915-2132-005.

15. O.Convene into closed session per § 19.85(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. (Parcel No.14-291-0915-2132-003; 14-291-0915-2132-004; and 14-291-0915-2132-005)

16. P.Reconvene into open session

17. Q.Review and take possible action: Offer to Purchase regarding Parcel No.14-291-0915-2132-003; 14-291-0915-2132-004; and 14-291-0915-2132-005

4.ADJOURNMENT