The Appleton City Finance Committee on Wednesday approved a series of routine finance and utility items, including a resolution to appoint a redemption agent for certain older water and stormwater revenue bonds, a $6,912.36 write-off of obsolete wastewater inventory and two WisDOT utility forms for adjustments related to State Highway 441.

Director Roman said the resolution (Resolution 25-16) would authorize an agent or trust to perform mandatory redemption notifications for four older revenue bonds that the city previously handled in-house. "What this resolution is doing is it's authorizing, approving, and appointing associated trust to take care of mandatory redemption notifications that we're required to do for 4 of our older revenue bonds in the water and stormwater," Roman said. He told the committee recent changes increased the complexity of the notifications and that the arrangement follows practice the city has used on bonds issued since 2018.

Alder Hartstein asked where the money for the service would come from. Roman said the water utility has funds budgeted in the 2025 debt issuance line but the stormwater utility does not; city staff included an informational budget-amendment item to cover the stormwater share. When Alder Van Zeland asked whether the work might return in-house later, Roman said the city would pay an upfront, one-time fee and the agent would manage notifications for the term of the bonds.

The committee approved Resolution 25-16 by voice vote, 5-0.

The committee then approved the write-off of obsolete wastewater inventory totaling $6,912.36. Alder Fenton asked what would be done with the physical items; a staff member said disposition depends on the item and that items with salvage or recycling value will be recycled when appropriate. That motion passed, 5-0.

Two WisDOT-related items were also approved. The first (agenda item 25-1349) included a WisDOT statement of non-reimbursement and a quitclaim deed by utility (DT-1661) covering adjustments to sanitary manholes and water valves where paving work will change inverts or grades. A staff member clarified the work is to bring manholes and valves to the correct grade after paving and that the cost share for one of the adjustments is $90.10 split between state and local. The staff member also noted the agenda memo should be updated to refer to State Highway 441 rather than I-41.

The committee approved the WisDOT items and a second WisDOT statement (DT-2245, agenda item 25-1350) by voice votes, each 5-0.

An informational item related to the first action was noted on the agenda. With that, members moved, seconded and adjourned the meeting.

Votes at a glance: Resolution 25-16 (appoint redemption agent) — approved, 5-0; Inventory write-off $6,912.36 — approved, 5-0; WisDOT statement/quitclaim (25-1349) — approved, 5-0; WisDOT statement DT-2245 (25-1350) — approved, 5-0.