Summary

Finance Committee — March 24, 2026: Approves airport leases and budget carryover; postpones opioid settlement participation and lead service line funding decision

WausauMar 24, 20262 min read

At a glance

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The Wausau Finance Committee approved multiple airport lease actions and a 2025→2026 budget carryover, approved transfers of GEMT revenues to cover several fund shortfalls, postponed decisions on participating in a national opioid settlement and on funding the Water Works lead service line replacement, and moved to closed session to negotiate several property purchases.

Committees mentioned

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Finance Committee

Topics discussed

TransportationBudget & TaxHealthcareEnvironmentalUtilities

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Key decisions

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Approved March 10, 2026 Regular Finance Committee minutes (Motion Passed 4-0).
Motion to approve alleged claim for recovery of unlawful tax for Green Acres at Greenwood Hills, LLC - Outlot 1 failed (Motion Failed 0-4).
Approved consent to transfer title and waiver of first right of refusal for buildings and improvements at 939 Woods Place (Motion Passed 5-0).
Approved termination of Airport Ground Lease with Wynn O. Jones at 939 Woods Place (Motion Passed 5-0).
Approved Airport Ground Lease with Owen Jones at 939 Woods Place (Motion Passed 5-0).
Approved Airport Ground Lease with Cole Lundberg (Motion Passed 5-0).
Postponed consideration of participating in the Six Remnant Defendants National Opioid Settlement Agreement to the next scheduled meeting (Motion Passed 5-0).
Postponed consideration of the budget amendment for Wausau Water Works 2025 Lead Service Line Replacement project to the next meeting (Motion Passed 5-0).
Approved budget amendment for the carryover of funds from 2025 to 2026 (Motion Passed 5-0).
Approved transfer of GEMT revenues to the motor pool fund, recycling fund, airport fund, and parking fund to cover shortfalls (Motion Passed 4-0).
Approved the calendar/schedule related to the 2026 General Obligation Promissory Note for Capital Improvements (Motion Passed 4-0).
Postponed consideration of purchasing 108 Adolph Street, 112 Adolph Street, 112-1/2 Adolph Street, and 233 Myron Street until the next meeting (Motion Passed 4-0).
Adjourned to Closed Session pursuant to Wisconsin State Statute § 19.85(1)(e) for deliberating/negotiating purchase of the properties listed for the Department of Public Works Streets Division.

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Meeting information

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Finance Committee Meeting

Mar 24, 2026, 5:30 PMWausau City Hall — Council Chambers, 407 Grant Street, Wausau WI 54403completed

Agenda

1 Public comment on agenda items and reading of the City of Wausau Public Comment Statement.
2 Consideration of the minutes of the preceding meeting(s).
a Regular Finance Committee Minutes
attachments=1
Decision: Consideration of the minutes of the preceding meeting(s).
3 Discussion and possible action.
a Approving Alleged Claim for Recovery of Unlawful Tax for Green Acres at Greenwood Hills, LLC - Outlot 1.
attachments=2
Decision: Discussion and possible action.
b Approving consent to transfer title to buildings and improvements and waiver of first right of refusal to purchase the buildings and improvements at 939 Woods Place.
attachments=2
Decision: Discussion and possible action.
c Terminating Airport Ground Lease with Wynn O. Jones at 939 Woods Place.
attachments=1
Decision: Discussion and possible action.
d Approving Airport Ground Lease with Owen Jones at 939 Woods Place.
attachments=1
Decision: Discussion and possible action.
e Approving Airport Ground Lease with Cole Lundberg.
attachments=2
Decision: Discussion and possible action.
f Approving of and participating in the Six Remnant Defendants National Opioid Settlement Agreement.
attachments=3
Decision: Discussion and possible action.
g Approving budget amendment for the Wausau Water Works for 2025 Lead Service Line Replacement project to cover costs not funded by the WDNR subsidized loan.
attachments=2 | reports=1
Decision: Discussion and possible action.
h Approving budget amendment for the carryover of funds from 2025 to 2026.
attachments=1 | reports=2
Decision: Discussion and possible action.
i Review of 2025 Motor Pool Fund financial results and related budget amendment.
attachments=2
Decision: Discussion and possible action.
j Approving 2026 General Obligation Promissory Note for Capital Improvements.
attachments=1
Decision: Discussion and possible action.
k Review of 2025 General Fund Financial Results.
attachments=2
Decision: Discussion and possible action.
l Considering purchasing the following properties adding additional land to the Department of Public Works Streets Division: 108 Adolph Street, 112 Adolph Street, 112-1/2 Adolph Street and 233 Myron Street.
attachments=6
Decision: Discussion and possible action.
4 Closed Session.
a Adjourn to Closed Session pursuant to Wisconsin State Statute § 19.85(1)(e) for deliberating or negotiating 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, for the purpose of purchasing the following properties adding additional land to the Department of Public Works Streets Division: 108 Adolph Street, 112 Adolph Street, 112-1/2 Adolph Street and 233 Myron Street.
Decision: Closed Session.
5 Reconvene into Open Session, if necessary, to take action on Closed Session items.
6 Adjournment.