Council votes to enter closed session under Wisconsin Statute §19.85(1)(e) to deliberate investments and property negotiations

The Common Council approved a motion to enter closed session under Section 19.85(1)(e) of the Wisconsin Statutes for the purpose of deliberating and negotiating the purchase of public properties and investing public funds when competitive or bargaining reasons require confidentiality. The mayor read the statutory language: “Discussion regarding investing public funds for development projects per section 19.85 sub 1 sub e of the Wisconsin statutes.” Councilmember Missy moved to go into closed session and Councilmember Jason seconded; the council voted to enter closed session on a voice vote with no recorded noes. Nut graf: The council invoked the statutory exemption that permits closed deliberations when public discussion would disadvantage the city’s bargaining or investment position. The meeting record indicates the council expected competitive or bargaining reasons to apply. The mayor thanked audience members before the council recessed to closed session; no further details on the subjects to be discussed in closed session were disclosed in the public record at that time. Ending: By statutory practice, any formal action or votes taken in closed session must later be reported in open session. The council did not announce any follow-up timeline before adjourning to closed session.