Finance Committee Meeting - Regular Monday, October 21, 2024 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

All public participants’ phones will be muted during the meeting except during the public comment period.

1.CALL TO ORDER

2.REVIEW AND APPROVE MINUTES

1. A.Finance Committee minutes from October 1-10, 2024 (2025 Budget)

• 241001-10 Finance Minutes Bdgt Mtg.pdf (0.08 MB)

3.BUSINESS

1. A.Notice: The Finance Committee scheduled for November 11 is cancelled; offices are closed for Veterans Day

2. B.Review and take action: Green Bay Packer Foundation Grant

• Memo for Green Bay Packer Foundation Grant.pdf (1.13 MB)

3. C.Review and Take Action: WEDC Small Business Development Grant application

• WEDC SBDG application preview 101824.pdf (1.06 MB)
• Finance Committee memo 101824.pdf (1.13 MB)

4. D.Review and take action: Third party online reporting contract

• MEMO to Finance LIV.pdf (0.06 MB)
• LIV Contract SOW.pdf (2.20 MB)

5. E.Review and take action: 2025 Lebanon EMS Contract 

• Finance Memo 10 14 2024 Lebanon Contract.pdf (1.13 MB)
• Lebanon 2025 Contract.pdf (0.16 MB)

6. F.Review and take possible action: Market adjustment review for Water Division Distribution Technician position

• 2024.1015_Water Distribution Tech Market Adjustment.pdf (1.13 MB)
• Water-Job Description-Water Distribution Technician 20190719.doc.pdf (0.09 MB)

7. G.Review and take possible action: Commercial Driver License (CDL) Sponsorship Agreement Updates

• 2024.1015_CDL Agreement.pdf (1.13 MB)
• CDL Repayment Agreement_Redlined 8.14.pdf (0.13 MB)
• CDL Repayment Agreement_Final Draft.pdf (0.02 MB)

8. H.Review and take possible action: Approve change orders 5-7 to Contract #13-23 with McMullen & Pitz for $14,122.22

• 2024.1015_McMullen & Pitz CO 5-7.pdf (1.13 MB)
• 00_CO-05_WMTS - MH Signed.pdf (0.28 MB)
• 00_CO-06_WMTS - MH Signed.pdf (0.81 MB)
• 00_CO-07_WMTS - MH Signed.pdf (0.30 MB)

9. I.Review and take action: Recommend the creation of TID#9 [Fund 30]

• Resolution Create TID #9 Fund 30.pdf (0.02 MB)

10. J.Review and Discuss: General Fund Income Statement through September 2024

• Income Statement Fund 1 2409.pdf (0.07 MB)

11. K.Present, Review and Recommend to Common Council for Approval: Development Agreement for Lumin Terrace (Horizon)

• Lumin Terrace Development Agreement Memo 10-21-24.pdf (1.13 MB)
• Riverside Apartments Term Sheet & Exhibits_Fin Com Final.pdf (0.55 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)

12. L.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 the City and Horizon Development Group, Inc. [Lumin Terrace Apartment Development])  

13. M.Reconvene into open session

14. N.Review and take action: Recommend Development Agreement for Lumin Terrace (Horizon) to Common Council

4.ADJOURNMENT