Finance Committee Meeting Monday, July 21, 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 July 7, 2025

• 250707 Finance Com Minutes.pdf (0.06 MB)

3.OPENING FOR PUBLIC COMMENT

Each individual who would like to address the Committee will be permitted up to three minutes for their comments on agenda items only

4.BUSINESS

1. A.Review and take possible action: Hiring of City Attorney candidate

• Memo for FC-City Attorney.pdf (1.13 MB)
• Signed Candidate Selection form City Attorney.pdf (0.33 MB)

2. B.Review and take action: Collateral Assignment of TIF for Lumin Terrace LLC

• Memo re collateral assignment of TIF for Lumin Terrace LLC.pdf (1.13 MB)
• Collateral Assignment Resolution 072125 final.pdf (0.02 MB)
• Exhibit A - ACKNOWLEDGEMENT AND CONSENT.pdf (0.02 MB)

3. C.Review and update: Water Department, 2025 Private Lead Service Line Project   

• PLSL project update on city funding options.pdf (0.04 MB)
• Watertown, City 5439-08 LSL 25- Financial Review-DRAFT.pdf (0.15 MB)
• Watertown, City 5439-07 LSL 25- Financial Review-DRAFT.pdf (0.15 MB)
• Watertown City 5439-99 LSL 25- Financial Review-DRAFT 20 year.pdf (0.17 MB)
• Watertown City 5439-99 LSL 25- Financial Review-DRAFT 5 year.pdf (0.17 MB)
• PWC Minutes 04222025.pdf (0.13 MB)
• PW 12102024 Private Lead Service Replacement project rv1.pdf (0.17 MB)
• PWC Minutes 12102024.pdf (0.49 MB)
• Watertown Water Lateral Ordinance Final - Revised.pdf (0.11 MB)

4. D.Review and discuss: General Fund Income Statement through June 2025

• Income Statement Fund 1 2506.pdf (0.45 MB)

5. E.Review and discuss: General Direction for 2026 Budget Creation

• Compensation Budget Summary 2025 w 2026 WhatIf 250721.pdf (0.45 MB)
• Available Funds FY26 250721.pdf (0.43 MB)

6. F.Convene into closed session per Wis. Stat. 19.85(1)(f) to considering financial, medical, social or personal histories or disciplinary data of specific persons, preliminary consideration of specific personnel problems or the investigation of charges against specific persons except where par. (b) applies which, if discussed in public, would be likely to have a substantial adverse effect upon the reputation of any person referred to in such histories or data, or involved in such problems or investigations. (F.D.)

7. G.Reconvene into open session

8. H.Review and discuss: Public comment at city meetings

5.ADJOURNMENT