Finance Committee Meeting Monday, March 10, 2025 05:30 PM Municipal Building Council Chambers – 106 Jones Street, Watertown, WI 53094

Virtual Meeting Info: https://us06web.zoom.us/join Meeting ID: 282 485 6600 Passcode: 53098 One tap mobile +16469313860

1.CALL TO ORDER

2.REVIEW AND APPROVE MINUTES

1. A.Finance Committee minutes from February 10, 2025

• 250210 Finance Minutes.pdf (0.06 MB)

2. B.Finance Committee minutes from February 17, 2025

• 250217 Finance Minutes.pdf (0.06 MB)

3.BUSINESS

1. A.Review and make recommendation: Agreement with Vandewalle & Associates, Inc. for zoning code rewrite services

• MEMO - Zoning Rewrite Vandewalle.pdf (0.13 MB)
• 2025 Res - Vandewalle Zoning Code Rewrite Services.pdf (0.02 MB)
• Watertown Zoning Code Rewrite.pdf (0.22 MB)

2. B.Review and take action: hire RN for the Public Health Department step 5 and step adjustment for current Public Health Nurse

• MEMO to Finance to Hire RN_Step Adjustment for Current Registered Nurse 2025 2.pdf (0.20 MB)

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

• 03102025 JN DNR test result.pdf (0.04 MB)
• Finance 02-24-25 - JN step H6 to H7 .pdf (0.04 MB)

4. D.Review and take action: Inter-Departmental Promotion in DPW - Streets/Solid Waste Division from General Laborer to Light Equipment Operator

• Agenda Item 1 - March 10 Meeting Upload.pdf (1.09 MB)

5. E.Review and Approve: Inter-Departmental Promotion in the DPW - Street/Solid Waste Division for General Laborer to Heavy Equipment Operator

• Agenda Item 2 - March 10 Meeting Upload.pdf (1.09 MB)

6. F.Review and take action: Budget Modification TS Future Fund

• 31025 - MEMO - TS Budget Modification.pdf (1.13 MB)

7. G.Review and take possible action: Intrepid Investments Pre-Development extension 

• Finance Committee memo Intrepid Investments 031025.pdf (1.13 MB)
• Pre-Development Agreement signed.pdf (0.14 MB)
• Extension to Pre-Development Agreement w Intrepid Investments 022825 v4.pdf (0.02 MB)

8. H.Review and possible action: Approval of Community Development Fund Grant application for Wilbur Street project

• Memo re Dodge County Grant application.pdf (1.13 MB)
• Request for Funding Wilbur Rd.pdf (0.15 MB)
• Madison College lots.pdf (1.32 MB)
• Community Development Fund Guidelines_Jan2025 (1).pdf (31.70 MB)

9. I.Review and discuss: mill rates of cities in Dodge & Jefferson Counties

• County Mill Rate Comparisons.pdf (0.01 MB)

10. J.Review and discuss: fire truck financing options

• Fire Truck Financing Options 03 2025.pdf (0.14 MB)

11. K.Review and discuss: TID #4 Possible Funds Use List

• Fin Com Memo 03 10 25.pdf (1.13 MB)
• TID #4 Close Out Proceeds Uses.pdf (0.07 MB)
• 2019 Watertown Comprehensive Plan Recommendations.pdf (0.44 MB)

12. L.Review and discuss: Police Department Union Agreement Status

13. M.Convene into closed session per §19.85(1)(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 (amendment to the Police Department Union Agreement)

14. N.Reconvene into open session

15. O.Review and take possible action: approve or deny amendment to the Police Department Union Agreement

16. P.Review and discuss: Fire Department Union Agreement Status

17. Q.Convene into closed session per Wis. Stat. Sec. 19.85(c)(e) Considering employment, promotion, compensation, or performance evaluation data of any public employee over which the governmental body has jurisdiction or exercises responsibility and deliberating of or negotiating union contract. (Contract negotiation with IAFF Local 877)

18. R.Reconvene into open session

19. S.Convene into closed session per §19.85(1)(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 (Hart Street Drainage improvements)

20. T.Reconvene into open session

21. U.Review and take possible action: Direct the Public Works Department on how to proceed regarding Hart Street Drainage Improvements

22. V.Review and discuss: Proposed multifamily residential development for 100 & 104 E Division Street

• Memo for Finance Committee re 100 E Division St 031025.pdf (1.13 MB)
• Rezone - PD Overlay - & CSM - 100 E Division - Calendar 2-21-25.pdf (0.21 MB)
• Site photo Dec 2024.pdf (3.37 MB)

23. W.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 (Proposed multifamily residential development for 100 & 104 E Division Street)

24. X.Reconvene into open session

25. Y.Review and discuss: Development Agreement between City and Lumin Terrace, LLC

• Memo for Finance Committee 031025 re Lumin Terrace LLC.pdf (0.43 MB)
• Development Agreement Lumin Terrace (Clean 02.12.25).pdf (0.27 MB)
• Ex A_Property Plat and Lot.pdf (2.02 MB)
• Ex B_Concept Plan_10-15-24.pdf (7.67 MB)
• Ex C_Form of MRO.pdf (0.02 MB)
• Ex D_Illustrative Payback Schedule.pdf (0.07 MB)
• Ex E_General Partners of Developer.pdf (0.06 MB)

26. Z.Convene into closed session per §19.85(1)(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 (Development Agreement between City and Lumin Terrace, LLC)

27. AA.Reconvene into open session

28. BB.Review and take action: approve Development Agreement between City and Lumin Terrace, LLC

29. CC.Review and discuss: Vacant Land Offer to Purchase for a portion of 315 Mary Street from the City

• Offer to purchase -315 Mary street.pdf (2.05 MB)
• Mary & Clark development map w triangle.pdf (0.11 MB)

30. DD.Convene into closed session per §19.85(1)(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 (Vacant Land Offer to Purchase for a portion of 315 Mary Street from the City) 

31. EE.Reconvene into open session

32. FF.Review and take possible action: approve or deny Vacant Land Offer to Purchase for a portion of 315 Mary Street

4.ADJOURNMENT