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Council approves financing resolutions, asset policy and licenses in unanimous votes
Summary
The Waupaca Common Council approved two financing resolutions (general obligation promissory notes and a sewer revenue bond), updated the city’s capital fixed-asset threshold, and approved several licenses; most votes were unanimous voice votes or roll calls recorded as 10 ayes.
At its Feb. 19 meeting, the Waupaca Common Council approved a set of municipal financing measures, an administrative policy update and several license matters.
Key approvals included a resolution authorizing the issuance of not-to-exceed $3,965,000 in general obligation promissory notes and a separate resolution authorizing not-to-exceed $3,995,000 in sewer system revenue bonds. Both measures were passed by roll call vote and recorded as 10 ayes.
The council also approved an administrative update to the city’s capital fixed-asset policy, raising the capitalization threshold from $5,000 to $10,000 to align with recent federal guidance; that motion passed on a roll call recorded as 10 ayes.
Licensing items approved included a transfer of a Class B intoxicating liquor license and Class B fermented malt beverage license to GNL LLC doing business as Grand National Lounge at 106 West Union Street (license report 17O8); a slate of operator (bartender) licenses and dance-hall licenses were also approved (license reports 17O9 and 1710). Those license motions were approved by voice vote; the council recorded the motions as carried.
Votes at a glance
- Resolution No. 1572 — Authorizing issuance and establishing parameters for sale of general obligation promissory notes not to exceed $3,965,000. Motion: approve Resolution No. 1572. Mover: Olson. Second: Velacher. Roll-call outcome: 10 ayes, 0 nays. Vote record: Paul Mayo (Aye); Corey Nagel (Aye); Henry Velacher (Aye); Eric Halverson (Aye); Dave Peterson (Aye); Colin Dykstra (Aye); Demetri (Dimitri) Martin (Aye); Paul Hagen (Aye); Eric Olsen (Aye); Scott Perchatsky (Aye).
- Resolution No. 1573 — Authorizing issuance and establishing parameters for sale of sewer system revenue bond not to exceed $3,995,000. Motion: approve Resolution No. 1573. Mover: Hagen. Second: Nagel. Roll-call outcome: 10 ayes, 0 nays. Vote record: Paul Hagen (Aye); Eric Olsen (Aye); Henry Velacher (Aye); Paul Mayo (Aye); Dave Peterson (Aye); Colin Dykstra (Aye); Demetri (Dimitri) Martin (Aye); Corey Nagel (Aye); Eric Halverson (Aye); Scott Perchatsky (Aye).
- Capital fixed-asset policy update (threshold increased from $5,000 to $10,000). Motion: approve updated policy. Mover: Peterson. Second: Olson. Roll-call outcome: 10 ayes, 0 nays. Vote record (selected from roll call): Colin Dykstra (Aye); Paul Hagen (Aye); Henry Velacher (Aye); Eric Olsen (Aye); Dave Peterson (Aye); Paul Mayo (Aye); Demetri Martin (Aye); Corey Nagel (Aye); Scott Perchatsky (Aye); Eric Halverson (Aye).
- License Report 17O8 — Class B intoxicating liquor license & Class B fermented malt beverage license for GNL, LLC (d/b/a Grand National Lounge), 106 W. Union St., agent: Jenny Beeland. Motion: approve license report 17O8. Mover: Hagen. Second: Velacher. Outcome: voice vote; motion carried.
- License Report 17O9 — Operator (bartender) licenses. Motion: approve license report 17O9. Mover: Hagen. Second: Perchatsky. Outcome: voice vote; motion carried.
- License Report 1710 — Dance hall licenses. Motion: approve license report 1710. Mover: Peterson. Second: Nagel. Outcome: voice vote; motion carried.
No votes failed or were tabled during the meeting. The council also approved (by separate motion) contracts and other items during the session; one such contract — a design-services agreement with Strand Associates for Fulton Street and a pedestrian-bridge planning and design package (amount not to exceed $477,800) — passed by roll call (10 ayes) and is reported separately in council proceedings.
