 It is 6 o'clock. We'll call the 24th regular Common Council meeting to order will the clerk Please state the court of the day. Thank you. Mr. Mayor attitude is a little thing that makes a big difference Thank you. Will the clerk please call the roll all the person Salazar all the person Walton all the person Feldy all the person Ackley excused all the person Decker here all the person Pirella all the person Laster all the person Sabaglio All the person Flicky Pineski all the person Mitchell there are nine present all right for those in attendance Would you please stand for the Pledge of Allegiance? Pledge of Allegiance to the flag of the United States of America and to the Republic for which it stands One nation under God Indivisible with liberty and justice for all All right jump into number three on the agenda Oh Approval of the minutes from our last meeting older Feldy Thank You mayor. I move to approve Second motion in second any discussion on the minutes seeing none all those in favor of approving the minutes, please state. I Anyone opposed minutes are approved just number four anyone for public forum today. No one this evening Next is mayor appointments city attorney Thank You Mayor hereby submits the following appointment for your consideration Libby all brands to be considered for appointment to the mayor's International Committee to fill a vacancy with the term expiring on April 18 2022 and that will lay over Next city attorney There is one resignation Jeannie Bogartis has resigned from the senior activity Center Commission effective immediately I Move to receive and file Second it's been a motion in second to receive and file the resignation All those in favor of receiving and filing the resignation, please state. I Anyone opposed that is approved Next city attorney This is a confirmation of a mayoral appointment the mayor submitted the following appointment for your consideration To the senior activity Center Commission Karen Cobra for a term to expire April 15 2024 And that would be a roll call votes elder Feldy I move to confirm Motion in second roll call vote. Please refer to your Mooney code All right, that is approved All right next we have a few hearings today Four of them So we're opening up the hearing for item 13-21-22 pursuant to notice published and personal notices sent by the finance director There's a hearing scheduled for this evening to confirm the exercise of police power in Making assessments for those benefited properties which assessments are proposed for public assessment district one Is there anyone wishing to be heard is There anyone wishing to be heard Final call anyone wishing to be heard Seeing none Alder Feldy I Move to close the hearing There's been a motion second to close the hearing any discussion Seeing none all those in favor of closing the hearing, please state. I Any objection hearing is closed Next is item 10 another hearing number 14 21 22 pursuant to notice published and personal personal notices sent by the finance director. There's a hearing scheduled for this evening to Confirm the exercise police powers and making assessments for those benefited properties against which assessments are proposed for parking assessment district two Anyone wishing to be heard Anyone wishing to be heard final call anyone wishing to be heard Seeing none Alder Feldy. I move to close the hearing Motion in second any discussion Seeing none all those in favor of closing the hearing, please state. I hi you want opposed this that hearing is closed number 11 hearing number 1521 22 pursuant to a notice published and personal notices sent by the finance director There's a hearing scheduled for this evening for confirming the exercise of police powers and making assessments to those benefited properties Against which assessments are proposed for parking assessment district four Anyone wishing to be heard Anyone wishing to heard Final call anyone wishing to be heard Alder Feldy. I moved to close the hearing There's been a motion in second any discussion Seeing none all those in favor of closing the hearing, please state. I hi anyone opposed That is approved Number 12 hearing number 16 21 22 pursuant to a notice published and personal notices sent by the finance director There's a hearing scheduled for this evening for confirming the exercise of police powers and making assessments for those benefited properties Against which assessments are proposed for parking assessment district five Anyone wishing to be heard Anyone wishing to be heard Final call anyone wishing to be heard Seeing none all their Feldy. I moved to close the hearing There's been a motion second any discussion Seeing none all those in favor, please state. I Anyone opposed that is Approved all right next is a consent agenda 14 through 35 All their Feldy. I moved to receive and file all our O's Receive all our C's and adopt all resolutions and ordinances There were second Second motion second any discussion on any items in the consent agenda Alder flicky paneski Item number 18 Which is the contracts for sidewalks There there were a hundred and seventy six pages of contract contract and There was not a space or not a page that talked about How the sidewalks are chosen what the criteria is now my assumption is that public works Knows about this. Is that a correct assumption? And is there a procedure and a protocol for it? City engineer Yes, well the procedure is Most of that money gets spent just on complaints that we receive throughout throughout the course of the year like from fall all the way through winter so Well, yeah, what most of the funding is just on just on fixing the complaints we get from the public for sidewalks So for example if I have a constituent that has an issue with the sidewalk I refer them to your department and they go on a list. Yes, they do. Yes. Thank you. Yeah Thank you, Alder flicky paneski any other discussion on the consent agenda Other flicky paneski is that another one Actually, I just want to comment number 20, which is the mayor's youth council and number 21 Which is the sustainable task force and I am very delighted to see those back on the agenda and moving forward Thank you. Thank you for those comments Additional comments regarding the consent agenda Alder Walton Yeah, it's for the consent agenda number 14 I remember this coming up in a previous meeting or a previous council meeting What's different that we're doing this time compared to the last time this came up? City attorney So this isn't exactly the same thing in this particular case. Mr. Gillette filed a notice of claim against the city This is a little bit different than his previous filings which Went to the police and fire commission which were complaints to the police and fire commission those Matters before the police and fire commission were heard His complaints against the officers were dismissed He then filed a claim against the city alleging that we should pay him Certain amounts of money because he didn't like the result and that claim has now been denied Additional any other comments on the consent agenda? All right seeing none there's been a motion in a second this is a roll call vote please refer to your moony code All right, that item is approved next is report of officers item 36 RO number 134-21-22 by the city plan Commission to whom was referred general ordinance number 39 21-22 by alder person Pirella and RO number 128 21 22 by the city clerk granting harbor cafe LLC and its successors and assigns the privilege of encroaching upon described portions of 30 40 30 42 south pier drive and the city is shaboy good for the purposes of adding an Outside seating deck which is to report that this matter was discussed at a regular plan Commission meeting on March 15th 2022 alder Pirella I moved to file the RO and adopted the general audience Motion and second any discussion on this item alders valio Thank You mr. Mayor. I'm just so excited to see a new restaurant coming to the south pier district I look forward to dining there on a regular basis. Thank you for those comments and support any additional comments Seeing none. This is a roll call vote. Please refer to your moony code elder tacker Didn't go There we go. There we go. Thank you My nice that's a items 37 and 38 Will be referred to the finance personnel committee meeting Number 39 will lay over Items 40 41 additionally will be referred to the finance and personnel committee meeting Next is item number 42 RC number two five nine twenty one twenty two by the finance and personnel committee To whom was referred resolution number one five three 2122 by older persons Mitchell of flicky Pineski Ording the sale of two million two hundred and fifteen thousand dollars in general obligation promissory notes series 2022 a alder Mitchell Thank you, mayor. I moved to receive the RC and adopt the resolution. Is there a second? There's been a motion and second any discussion. I know we have David here from Aillers So folks have any questions regarding Alder Alder Mitchell Thank you, mayor. I move to amend resolution number one five three of twenty one twenty two two one Decrease the amount of the bonds to be issued from two million two hundred and fifteen thousand dollars to two million one hundred and ninety five thousand dollars Which includes updating the amount identified in the resolution title section one a and section two and Two to incorporate the exhibits provided by Wisconsin public finance professionals based on the bids received today There's been a motion to amend in a second any discussion on the amendment Seeing older flicky Pineski's a comment on the amendment itself. All right. I am assuming that this was amended because When the bonding went out to the public it came in the interest rate came in below So the result of today's Bond sale is because the issuance cost came in a little bit lower We were able to downsize the issue by 20,000. So if you look at pay, let's see. Well, he didn't page number it so the report that City administrator wolf passed out. There's a page that has like a yellow column in it Usually I page number so I apologize. I should have done it myself Anyways, so there's a comparison between what we presented to you Last month and what the actual amounts came in so basically Well, the issuance cost are pretty much the same what actually came in a little bit better Is the underwriter actually had a premium on the bonds and that's a way that they use to to make it more appealing to the Investor so there are some money that they gave the city to pay their interest for the first couple years and then there was a Remaining amount that could be used to downsize the issue So the difference between the reoffering premium and the amount that has to be deposited that service is what downsize the issue Thank you Any other comments on the amendment? Administrator wolf Thank You mayor. I just want to thank David and and Phil from Aillers. They did a great job They're new for the city of for the city and they've been working with us on our five-year fiscal planning And this is the first first year in many That they actually took care of the general obligation promissory note process and as you can see we did save some money This is the first year where the city actually borrowed significantly less and if you recall back in 2021 I had Proposed that we would be looking at a five-year reduction in some of our borrowing and the use of general funds So this is again the beginning. We do have some big projects for the future So we'll have to see how that all works in but David is here to answer any questions that the council May have in this borrowing. So thank you All right, any other comments on the the amendment all their Savalia finance director I Would just ask that the amendment be adjusted number two stated Wisconsin public finance professionals, but should be Aillers Can that be a friendly amendment people who made the amendment in the second could just decode that a friendly amendment? I would consider that a friendly amendment. All right The motioner and seconder has accepted that as a friendly amendment. Thank you finance director Additional comments on the amendment Seeing none all those in favor of approving the amendment, please state aye. Aye. Any objection to the amendment? Seeing none now back to the main motion as amended older Savalia. Thank you very much I Would love to ask question of our bound bond council here and where they think bonds are going to be going in the future Are we in a are we going to be at 6% 8%? Yeah Moving forward Well, I'm not a bond counselor because I'll never be an attorney in my life, but we're your miss municipal advisor It's kind of hard to say because if you look at the graph that we kind of we put at the end of the report We've been kind of creeping up a little bit The last page we've been kind of creeping up But we got a report the beginning of the day that showed that the rates actually are down a little bit this week So it'll be interesting to see how your rates came compared to last week You know, I've been kind of paying attention to what it's been doing since the beginning of the year And we're going up about eight points every week Which we don't want to see that but I think some of the geopolitical Issues are kind of affecting what's going on and hopefully the Fed with some of its interest rates increases doesn't keep The rates for the bond market going up as well, but there is a little bit of a correlation with what they're doing as well so We're hoping that they'll stabilize it seems like our bond sale department kind of felt that we're starting to get a little bit more footing in the market and and Hopefully we'll see a little bit of a stabilization as far as the municipal bond rates So So as a follow-up here no predictions on where we're going to be next year, you know I wish I had a crystal ball because you know It'd been nice to get a start a little bit earlier and save you a couple points But you know unfortunately, I think you know the last couple years January and February has been a little unstable and as you know Two years ago February three years ago February We kind of had a real big zigzag because of some pesky virus, but It seems like people are a little queasy in the beginning of the year But this one didn't seem like it has really stabilized until just recently and hopefully that Continues to slow down so we don't have those rates jumping. We're still in a pretty good interest rate market though So thank you so much Administrator Wolf I got too many Thank You mayor. I just wanted to make sure that the council knew this but During our Moody's call. We did maintain our double A2 so that's the highest level that we can achieve so again, congratulations to everybody for the hard work and We'll keep doing the best we can. Thank you. Thank you administrator Wolf Alder Perla Thank You. Mr. Mayo. I just wanted to understand the basically the We are lending Um Sorry, yes, we are landing about two million and plus and then in five years. We will pay Two million five hundred seventy eight So what is that we are going to pay? Back in the end. What what is that we are going to pay? People in the end so once again, I wish I had a page number, but there's a schedule that has kind of a pink section to it You borrowed two million one hundred ninety five thousand dollars, which we will pay over ten years to basically a paying agent that will distribute the the money to the investors that had bought your bonds and As a part of that we have an interest rate the coupon is at three percent, but because of the the Premium that you receive the yields. You'll see the yields actually on the page where it has the bidders listed Where it goes from one point three percent yield up to two point two five Like I said the the premium is a way that the underwriter allows Gets the the bonds to look better so you can see the coupon to the investor is three percent based on that you're paying In you know when you actually make the payments you'll make three hundred eighty three thousand six hundred dollars of interest payments But those are being offset by about eighty thousand dollars of premium so your your net expenses for that is about 238,000 Yeah, so and that would be in ten years. Yeah, that's over ten years We're using notes for this which is a ten-year maximum on notes If we were ever to need something where we have a bigger issue. We might go out 20 years It kind of depends on I think that's one of the things We're gonna try to show you in the future when you start having bigger projects is is there a reason that we would go out longer But this this one is paid over ten years So people will we will not need to pay back before then it's not staggered. It's all together We we make a payment each year of principal and interest and tell that 10th year So so if you look at it each each year in the schedule is how much we pay I see yeah I I apologize I didn't have time to look at this So I understand now that yeah, okay and the reason that it's set up the way it is and if you look at the column That's like second from well That's that's after a little bit more growth, but probably five from the right There's the tax rate and one thing that we're helping the city implement is a way to stabilize the tax rate When we come back and may to present the five-year plan You'll see that we've kind of structured around that rate to start with What we're trying to do is make sure that the taxpayer doesn't have any realization of a Increase and a bounce because of your debt of your capital projects So what we'll show you is that that dollar 36 that we're showing in here is where we're going to stabilize Unless for some reason your growth allows us to bring that down a little bit more But we want to make sure that the debt and the capital projects aren't the reason that you're having increased in your taxes Okay, thank you Any additional questions for the the motion is amended Anyone else seeing no one else cute up. Will the clerk please call the roll? Okay, I have to call this all their Decker All their Feldy. Hi, all their Flicky Pineski. Hi all their Laster all their Mitchell all their Pirella All their Salazar all their Savaglio all their Walton Nine eyes. All right that item is approved. Thank you It I'm 43 RC number 244 21 22 by the Public Works Committee to whom was referred direct referral resolution number 167 21 22 by older persons Decker and Pirella authorizing the appropriate city officials to enter into a contract with Moss and associate LLC for real-estate and consulting services for the Southside interceptor System shoreline infrastructure protection and assessment project older Decker. Thank you, ma'er. I make a motion to adopt the resolution Motion and second any discussion on this item all their Flicky Pineski lots of questions this evening. Is this the the sewer on the Southside that is exposed because of the of the the lake action, etc Or is this something different city engineer. Yes, that's yeah It's a sanitary sewer long-league short drive down at the bottom of the bluff. Okay. It's a yeah, it's it's the one you're thinking of great Thank you Thank you additional comments on this item Seeing none. This is a roll call vote. Please refer to your Muni code Nine eyes. It is approved Next is general ordinances city attorney or excuse me other matters authorized by law So number 44 is an arrow number 136 21 22 by the city clerk submitting various license applications And that will be referred to the LHPS committee and number 45 is a resolution number 17 121 22 by all the persons Mitchell and Flicky Pineski Authorizing the appropriate city officials to execute an engagement letter with corals and Brady LLP to serve as disclosure Council with regard to general obligation promissory notes that will be referred to the finance and personnel committee Seeing that we've exhausted the agenda Alder-Feldy, what is your motion? I move to adjourn There's been a motion in second all those in favor of adjourning, please state aye. Aye anyone opposed. We are adjourned at 626. Thanks everyone