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Full Agenda Packet CITY OF JANESVILLE CITY COUNCIL MEETING AGENDA MONDAY, January 11, 2010 7:00 P.M. 1. Call to Order and Pledge of Allegiance. 2. Roll Call. 3. Minutes of City Council meetings: “C” A.Regular meeting of December 28, 2009. B.Closed session of July 13, 2009. 4. Licenses; and Recommendations of the Alcohol License Advisory Committee: Including a change in premise for 4M Ventures, LLC. (Refer to separate agenda.) “C” 5. Donation from Janesville Conservation Club, Inc. OLD BUSINESS 1. Requests and comments from the public regarding items on the Agenda not requiring a public hearing. 2. Requests and comments from the public on matters which can be affected by Council action. 3. Second reading, public hearing and action on a proposed ordinance amending the City’s Building, Vehicles and Traffic, and Housing regulations regarding fees for re-inspections. (File Ord. No. 2009-447) ----------------------- “C” – This designation indicates an item that the City Council will take up under a Consent Agenda. City Council Agenda – January 11, 2010 Page 2 NEW BUSINESS 1. Presentation of results from City of Janesville Police Department Opinion Survey. 2. Snow removal report. 3. Action on a proposed resolution approving the lease of parking spaces in the Parker Drive/Wall Street parking garage. (File Res. No. 2010-666) 4. Discussion and direction to staff on proposed changes to enforcement actions regarding snow-covered sidewalks abutting private property. 5. Action on proposed amendments to Council Policy Statement #68 regarding investments. 6. Schedule a study session on economic development. 7. Schedule a study session on solid waste. 8. Matters not on the Agenda. 9. Motion to adjourn. PROCEEDINGS OF THE CITY COUNCIL CITY OF JANESVILLE, WISCONSIN REGULAR MEETING DECEMBER 28, 2009 VOL. 60 NO. 28 Regular meeting of the City Council of the City of Janesville held in the Municipal Building on December 28, 2009. The meeting was called to order by Council President Truman at 7:00 PM. Council President Truman led the Council in the Pledge of Allegiance. Present: Council President Truman, Councilmembers Brunner, McDonald, Perrotto, Rashkin, and Voskuil. Councilmember Steeber was absent. CONSENT AGENDA Minutes of the regular meeting of December 14, 2009. Minutes of the closed session of May 26, 2009. Minutes of the closed session of November 23, 2009. Licenses and Recommendations of the Alcohol License Advisory Committee. Financial statement for the month of November 2009. Council President Truman stated that all items on the consent agenda would be approved if there were no objections. There were none. OLD BUSINESS 1. Requests and comments from the public regarding items on the agenda not requiring a public hearing. No one spoke. 2. Requests and comments from the public on matters which can be affected by Council action. Andreah Briarmoon, 339 S. Locust St., reminded Council an appeal pamphlet was to be developed and distributed to citizens who were facing code violations; requested the sign for the Municipal Building be changed to City Hall; stated Ward Supervisors should be elected for the City of Janesville. Peter Apterl, 324 S. Academy St., opposed moving the public comment portion of the Council meeting to 6:30 PM before the official 7:00 PM start time. NEW BUSINESS 1. Authorization for the City Manager to renew a lease of City-owned land located at 700 South Jackson Street with Cindy Pelton, owner of the 708 Club, for a period of two years. Councilmember Rashkin moved to authorize the City Manager to renew said lease, seconded by Councilmember Brunner and passed unanimously. 2. Matters not on the agenda. Councilmember Rashkin asked about damaged mailbox replacement due to snow plowing and was informed temporary replacements are installed within 24-48 hours, and permanent replacements take place in the spring. 3. Councilmember Brunner moved to convene into closed session pursuant to Wisconsin Statute Section 19.85(1)(e) for the purpose of deliberating or negotiating the purchase of property for public purposes when competitive or bargaining reasons require a closed session, specifically setting the negotiating and bargaining terms and conditions for a proposed TIF 22 Development Agreement, seconded by Councilmember Voskuil and passed by the following vote: Aye: Brunner, Perrotto, Rashkin, Truman, and Voskuil. Nay: McDonald. There being no further business, Council convened into closed session at 7:13 PM. These minutes are not official until approved by the City Council. Jean Ann Wulf Clerk-Treasurer JANESVILLE CITY COUNCIL LICENSE AGENDA 1/11/2010 RECOMMENDED A. ELECTRICIANS – ORIGINAL Jamie Horton 405 Forest St., Oconomowoc, WI B. CHANGE IN PREMISE TO ALLOW OUTDOOR SEATING (See attached floor plan) PATTI’S RD SALOON, INC. D/B/A ROAD DAWG SALOON AND EATERY Patti J. Vance 2419 Morse Street No music allowed. C. ORIGINAL CLASS B INTOXICATING LIQUOR AND FERMENTED MALT BEVERAGE LICENSE O’RILEY & CONWAY’S IRISH PUB INC., D/B/A O’RILEY & CONWAY’S IRISH PUB Edward F. Quaerna 214 W. Milwaukee Street D. ORIGINAL CLASS A INTOXICATING LIQUOR AND FERMENTED MALT LICENSE LIDO BANUSHI, D/B/A VINE AND VAT 1507 Center Avenue E. ORIGINAL CLASS B INTOXICATING LIQUOR AND FERMENTED MALT BEVERAGE LICENSE HACIENDA REAL OF WI, INC. D/B/A HACIENDA REAL Kerry Drake 3001 N. Lexington F. CHANGE IN PREMISES FROM SALES AND CONSUMPTION IN THE WALNUT ROOM ONLY TO LICENSING THE ENTIRE PREMISES (See attached memo) 4M VENTURES, LLC d/b/a THE MUSIC ROOM/THE CIRCUIT Kurt A. Miller 18-24 S. River St. JANESVILLE POLICE DEPARTMENT January 5, 2010 TO: Janesville City Council FROM: David Moore, Chief of Police SUBJECT: Class B Intoxicating Liquor and Fermented Malt Beverage License 4M Ventures, LLC, d/b/a/ The Music Room 18-24 S. River Street At the December 14, 2009 City Council meeting, Kurt Miller, representing 4M Ventures appeared requesting the Class B Restaurant Alcohol License be extended from the Music Room that is located at 18 S. River Street to the entire premises of 18 S. River Street and 24 S. River Street. The City Council voted to delay action on the matter until the January 11, 2010 council meeting. At the January 5, 2010 Alcohol License Advisory Committee (ALAC) meeting Mr. Miller appeared requesting 4M ventures be issued a regular Class B Alcohol License thus removing the condition of food sales. The ALAC voted to delay action on the request until the February ALAC meeting. Two incidents have occurred at the Music Room in the last month: • On December 22, 2009 a Janesville police officer discovered that a bartender was selling beer out of the bar at 24 S. River Street. As a result of this activity, the bartender and Mr. Miller were arrested for selling and dispensing alcohol without a license and owner in charge of a public place permitting consumption of alcohol without the appropriate license, respectively. • On December 26, 2009 officers responded to a disturbance at the Music Room 18 S. River Street. Upon arrival, officers found 150 to 200 people in the street in front of the establishment. When an officer got out of his squad car, he was hit in the chest with a bottle. The officer was unable to identify the person who threw the bottle and the crowd dispersed. In addition, the Janesville Police Department is conducting an investigation into the proper and legal operation of the Music Room. The investigation is expected to be complete later in January. The police department recommends that the City Council postpone action on expanding the premises until February 8, 2010. DUM PARKS DIVISION MEMORAN December 14, 2009 TO: Eric Levitt, City Manager FROM: Tom Presny, Parks Director SUBJECT: Donation from Janesville Conservation Club, Inc. The Janesville Conservation Club, Inc. leases the trap shooting facility at La Prairie Park, located at 1230 Read Road on the southeast side of Janesville. They have actively been using this facility since 1942. Traditionally the club has made donations to the City of Janesville as a result of their fund raising activities. Club member Mr. Bill Boyd would like to present a donation to the City of Janesville in the amount of $2,000. To date the Janesville Conservation Club has donated $21,644 to the City for various park improvement projects. Mr. Boyd will be at the January 11, 2010 council meeting to present a check to the City Council and make some brief comments. CC: Eric Levitt, City Manager; Jacob J. Winzenz, Assistant City Manager/Director of Administrative Services Rebecca Smith, Management Assistant 1 Community Development Department Memorandum Date: January 5, 2010 TO: Janesville City Council FROM: Gale S. Price, AICP, Building & Development Services Manager SUBJECT: Second reading, public hearing and action on a proposed ordinance amending the City’s Building, Vehicles and Traffic, and Housing Regulations regarding fees for re-inspections (File Ordinance No. 2009-447) Summary The City Council earlier this year provided direction to Staff regarding amendments to the City Code to help address timing of enforcement of orders-to-correct. This directive was the result of a study session regarding overall code enforcement policies and procedures. In addition to changes in procedure for enforcement, an amendment to address reinspection fees was recommended. Attached is the draft of the recommended ordinance change. It also includes sections of the code to further address areas that have been difficult from the enforcement standpoint including raze or repair timelines, junk vehicles and housing violations. City Manager’s Recommendation The City Manager supports adoption of the proposed ordinance amendments which will expand the use of reinspection fees to raze or repair agreements, housing violations and junk vehicles. The proposed Ordinance is in response to concerns brought forth by the Council at the study session in the Summer 2009. Suggested Motion Move to adopt File Ordinance No. 2009-447, amending the City’s Building, Vehicles and Traffic, and Housing Regulations regarding fees for re-inspections. Request The City Council held a study session in May, 2009 to discuss Code enforcement policies and procedures. Members of the Council were concerned about the policies and procedures as they relate to the amount of time necessary to gain compliance with building and nuisance code enforcement. During the study session the Council reviewed a number of issues including standard procedures for enforcement, the history of enforcement process and procedures, reinspection fees and the abatement process for nuisance violations, vacant building ordinances, boarding up of vacant buildings and the raze or repair process. The Council also explored changes in policy to help streamline the enforcement process and reduce the amount of time needed to bring properties into compliance; and also reviewed the possibility of adopting a vacant building ordinance where such structures would be registered with the City required to be boarded up. The Council directed Staff in the Community Development Department to reduce the amount of time in the enforcement process by removing the 14 day order to correct step. Lastly the Council directed Staff to draft a Code Amendment to expand the use of the reinspection fee. A follow-up memorandum regarding the change in policy by the Community Development Department will be provided with an upcoming agenda packet. A third memo providing additional information regarding a potential vacant building ordinance will also be provided. History of Reinspection Fees In March, 2008 the Council adopted an ordinance establishing reinspection fees and an abatement process for properties that are subject to nuisance complaints. The changes were made to give Housing and Neighborhood Services Staff an additional tool to promote compliance with the property maintenance ordinances. Since adoption of the Ordinance, the Housing and Neighborhood Services Department has seen a significant increase in compliance with orders-to-correct and have only needed to charge a reinspection fee 48 times in 2009, resulting in $2,400 in charges, and 18 times in 2008, resulting in $900 in charges. This equates to approximately three percent of the over 2200 complaints to Housing and Neighborhood Services resulting in reinspection fees for non-compliance. The financial incentive to comply with the ordinances has significantly decreased the time it takes to obtain compliance. Recognizing the improvement in compliance levels for codes enforced by that department, the Council directed Staff to prepare an ordinance to expand the use of the reinspection fees to other areas of the administration. Specifics of the Proposed Code Amendment The proposed ordinance expands the use of the reinspection fees into several areas and would no longer be limited to nuisance violations and residential construction projects. The proposed expansion would allow application of reinspection fees to include junk vehicles and housing violations as enforced by the Neighborhood Services Department; and commercial construction projects and raze or repair projects as enforced by the Community Development Department. The proposed ordinance is expanded into these areas to address ongoing enforcement issues and give Staff another tool to promote compliance in areas that have been problematic. As a courtesy, the reinspection fee would not be imposed on the first reinspection visit to the site if the owner contacts staff to schedule the reinspection when they believe that everything is in compliance. This generally is limited to construction projects when contractors contact Staff to schedule the reinspection. If the inspector finds that all items are not in complete compliance, a second follow up would be planned. If the property is not in compliance with the second follow up then the reinspection fee would be imposed. When a strict compliance deadline is created (as with a raze or repair order) the reinspection fee would be imposed whenever a deadline is missed. Pros and Cons of the Proposed Ordinance Amendment Pros: ? Covers a portion of the staff time associated with multiple inspections. ? History has shown increased compliance with orders-to-correct when a reinspection fee can be imposed. ? Significantly less paperwork is required with a reinspection fee versus issuance of a citation to the property owner. ? Reinspection fees cannot be appealed to the Zoning Board of Appeals; therefore, less Staff time is expended as the result of a property owner disputing the additional fee in comparison to issuance of an order to correct which may be appealed to the Zoning Board of Appeals. There is also significant Staff time with the issuance of a citation when the defendant chooses to dispute the citation in court. (there is an administrative appeal process for a reinspection fee). ? Non-payment of a citation can result in the defendant serving time in the Rock County Jail (if the judge chooses to issue a warrant for arrest), which results in the City paying $50 per day for the defendant serving time in jail. The decision to issue a warrant is completely at the discretion of the Judge who handled the original case and has recently occurred with two citations issued by the Community Development Department. ? The $50 reinspection fee is viewed as a less punitive approach as compared to issuance of a citation which is $502. Cons: ? The expanded use of the reinspection fee may be perceived as the City is adopting the ordinance to solely increase revenue even though it is focused on cost recovery and gaining compliance. cc: Brad Cantrell ORDINANCE NO. 2009-447 An ordinance amending the City’s Building, Vehicles and Traffic, and Housing Regulations regarding fees for re-inspections, with penalties for violations thereof as set forth in the applicable Chapters of Janesville’s Code of General Ordinances. THE COMMON COUNCIL OF THE CITY OF JANESVILLE DO ORDAIN AS FOLLOWS: SECTION I. Sections 15.01.140.VII, VI, V, I.D and II.E of the Code of General Ordinances of the City of Janesville are hereby amended to read as follows: CITY OF JANESVILLE BUILDING PERMIT FEES VII. RE-INSPECTION FEE $50.00 A re-inspection fee shall be charged on residential, commercial or raze or repair building/remodeling projects if the work for which an inspection is requested is not complete so as to be ready for an inspection, or if the work is complete but not in conformance with the applicable building code requirements and the work is still not in conformance with the applicable code requirements upon re-inspection. The property owner or general contractor shall be notified of any re-inspection fee(s) due at the time the occupancy inspection is requested. Such fees shall be paid prior to an occupancy inspection. CITY OF JANESVILLE HVAC PERMIT FEES VI. RE-INSPECTION FEE $50.00 A re-inspection fee shall be charged on residential, commercial or raze or repair building/remodeling projects if the work for which an inspection is requested is not complete so as to be ready for an inspection, or if the work is complete but not in conformance with the applicable building code requirements and the work is still not in conformance with the applicable code requirements upon re-inspection. The property owner or general contractor shall be notified of any re-inspection fee(s) due at the time the occupancy inspection is requested. Such fees shall be paid prior to an occupancy inspection. CITY OF JANESVILLE ELECTRICAL PERMIT FEES V. RE-INSPECTION FEE $50.00 A re-inspection fee shall be charged on residential, commercial or raze or repair building/remodeling projects if the work for which an inspection is requested is not complete so as to be ready for an inspection, or if the work is complete but not in conformance with the applicable building code requirements and the work is still not in conformance with the applicable code requirements upon re-inspection. The property owner or general contractor shall be notified of any re-inspection fee(s) due at the time the occupancy inspection is requested. Such fees shall be paid prior to an occupancy inspection. CITY OF JANESVILLE PLUMBING PERMIT FEES I.D. RE-INSPECTION FEE $50.00 Are-inspection fee shall be charged on residential, commercial or raze or repair building/remodeling projects if the work for which an inspection is requested is not complete so as to be ready for an inspection, or if the work is complete but not in conformance with the applicable building code requirements and the work is still not in conformance with the applicable code requirements upon re-inspection. The property owner or general contractor shall be notified of any re-inspection fee(s) due at the time the occupancy inspection is requested. Such fees shall be paid prior to an occupancy inspection. II.E. RE-INSPECTION FEE $50.00 Are-inspection fee shall be charged on residential, commercial or raze or repair building/remodeling projects if the work for which an inspection is requested is not complete so as to be ready for an inspection, or if the work is complete but not in conformance with the applicable building code requirements and the work is still not in conformance with the applicable code requirements upon re-inspection. The property owner or general contractor shall be notified of any re-inspection fee(s) due at the time the occupancy inspection is requested. Such fees shall be paid prior to an occupancy inspection. SECTION II . Section 10.52.045 of the Code of General Ordinances of the City of Janesville is hereby created to read as follows: 10.52.045 Reinspection fee A Fifty Dollar ($50.00) reinspection fee shall be charged by the City against and paid by the property owner for every violation that is not corrected by the reinspection date. An additional Fifty Dollar ($50.00) reinspection fee shall be charged by the City for each subsequent reinspection per violation until full compliance is achieved. SECTION III . Section 16.08.195 of the Code of General Ordinances of the City of Janesville is hereby created to read as follows: 16.08.195 Reinspection fee A Fifty Dollar ($50.00) reinspection fee shall be charged by the City against and paid by the property owner for every violation that is not corrected by the reinspection date. An additional Fifty Dollar ($50.00) reinspection fee shall be charged by the City for each subsequent reinspection per violation until full compliance is achieved. SECTION IV. This ordinance shall take effect immediately upon adoption by the Common Council, the public health, welfare, peace, tranquility, good order, public benefit, and police power so requiring. ADOPTED: Motion by: Second by: APPROVED: Councilmember Aye Nay Absent Pass Brunner McDonald Eric J. Levitt, City Manager Perrotto Rashkin ATTEST: Steeber Truman Voskuil Jean Ann Wulf, City Clerk-Treasurer APPROVED AS TO FORM: ______________________________ Wald Klimczyk, City Attorney Proposed by: Community Development Department Prepared by: Community Development Department CITY MANAGER’S OFFICE MEMORANDUM December 30, 2009 TO: City Council FROM:David J. Moore, Chief of Police Rebecca Smith, Management Assistant SUBJECT: Presentation of results from City of Janesville Police Department Opinion Survey. The Janesville Police Department and Community Information Program have worked with the University of Wisconsin – Whitewater Center for Political Science and Public Policy Research on a public opinion survey concerning the Janesville Police Department. Three thousand surveys were mailed to Janesville residents located within the Department’s eight patrol areas; citizens were able to mail the survey back free of charge, with the Department paying the postage. Of the 3000 surveys mailed, 874 were returned. Therefore, the response rate for this study is 29 percent. This is a good response rate for a mail administered survey that provided no incentive for completion other than postage-paid. The surveys were then given to UW-Whitewater for data analysis. The overall results of the survey were very positive and indicate that Janesville residents generally feel safe and are satisfied with the services provided by the Janesville Police Department. A few highlights of the survey data include: ? Eighty-three percent of residents stated they were satisfied or very satisfied with the quality of life in Janesville. ? Ninety percent stated they were comfortable or very comfortable approaching police officers or department staff. ? Ninety-seven percent reported feeling safe or very safe walking alone in their neighborhood during the day, while 77 percent reported feeling safe or very safe walking alone in their neighborhood at night. At the January 11 council meeting Susan M. Johnson, Ph.D. and Jolly A. Emrey, Ph.D., directors of the Center for Political Science and Public Policy Research, will be presenting to the Council an overview of the survey results. Attachments: COJ Police Department Public Opinion Survey final report CC: Eric Levitt, City Manager Jacob J. 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§»¿®á îò ×º §±« ½±«´¼ ½¸¿²¹» ±²» ¬¸·²¹ ¿¾±«¬ ¬¸» Ö¿²»ª·´´» Ð±´·½» Ü»°¿®¬³»²¬ô ©¸¿¬ ©±«´¼ ·¬ ¾»á íò É¸¿¬ ¿¼¼·¬·±²¿´ °®±¹®¿³ ±® »®ª·½» ©±«´¼ §±« ´·µ» ¬¸» Ö¿²»ª·´´» Ð±´·½» Ü»°¿®¬³»²¬ ¬± °®±ª·¼»á Community Development Department Memorandum Date: December 29, 2009 TO: Janesville City Council FROM: Bradley A. Cantrell, Community Development Director SUBJECT: Action on a proposed resolution approving the lease of parking spaces in the Parker Drive/Wall Street Parking Garage (File Resolution No. 2010- 666). _____________________________________________________________________ SUMMARY The City Administration has received a request from Bob & Nancy Kimball to lease parking spaces within the Parker Drive/Wall Street parking garage in order to accommodate parking needs for a condominium project which the Kimballs are constructing at 117 East Milwaukee Street. Specifically, the Kimballs would like to have the condominium association which they are establishing have an opportunity to lease six parking spaces for a period of 10 years. Currently, the Kimballs are renovating 117 East Milwaukee Street into 12 two-bedroom condominiums. Only six parking spaces can be accommodated on land owned by the Kimballs and under the future condominium association. Therefore, in order to provide at least one parking space for each of the condominium units, they have approached the city to lease up to six parking spaces within the parking garage which is currently under construction and scheduled to open in May of 2010. The parking garage is directly behind the property at 117 East Milwaukee Street. DEPARTMENT RECOMMENDATION The Plan Commission and Community Development Department recommend that the City Council support a motion to approve Resolution No. 2010-666, allowing the lease of six parking spaces in the Parker Drive/Wall Street parking garage to One Seventeen East Condominiums Association, Inc., noting that the Plan Commission has not reviewed the financial aspects of this transaction. CITY MANAGER RECOMMENDATION The City Manager concurs with the Community Development Department and Plan Commission recommendations. SUGGESTED MOTION Move to adopt Resolution No. 2010-666 authorizing the lease of six parking spaces in the Parker Drive/Wall Street parking garage to One Seventeen East Condominiums Association, Inc. ANALYSIS A. Bob and Nancy Kimball are currently the owners of 117 East Milwaukee Street which is a 4-story building that has been utilized for several years as an extended stay residence. The Kimballs have been interested in converting this building into 12 two-bedroom condominium units for some time. The property is zoned B6, Central Service District, and is 6,288 s.f. in size. The property is located within the East Milwaukee Street National Registry District and was constructed around 1900. To the rear of the building are six off-street parking spaces which are used by tenants of this building and accessed through the public alley from North Parker Drive. B. The property was rezoned to B6, Central Service District, in 1988 in order to accommodate a 12-unit CBRF for elderly. In addition to the rezoning, the Plan Commission also approved a conditional use permit which allowed residential units to be occupied on the first floor. Over the years, the owner’s plans for this building have evolved and it is currently utilized as a 12-unit extended stay residence. The Kimballs are now interested in converting the entire building to 12 two-bedroom condominiums. Each building floor would accommodate three residential units, however, in order to accommodate off-street parking which they believe will be a key to attract individuals desiring to purchase a unit, six additional off-street parking spaces will be necessary. C. Currently the City is constructing a 235-car parking structure at the corner of North Parker Drive and Wall Street. This site was formerly occupied by a surface parking lot containing 84 parking spaces. The parking garage will comprise four levels. The ground level will have access from Wall Street and North Main Street. The upper three levels will have access from North Parker Drive. Attached is the layout of the multi-level parking structure. The Kimballs are interested in leasing six parking spaces on the second level of the parking structure. Staff has identified the approximate area where these spaces would be located. The City is limited under the terms of the borrowing to lease up to 5% of the total number of spaces within the parking garage; thus 12 spaces can be leased to individuals if the City so desires. The Kimballs have requested to lease six of those spaces. The City is currently considering designating the ground floor of the parking structure for short term two-hour parking. The second floor may be split between two-hour and all-day parking and the upper floors would be designated for all-day parking. The Community Development Department believes that there will be ample parking within this area when the parking garage is completed. Staff would not be supportive of leasing a large number of the spaces within the parking garage to office and retail tenants even if it were possible. However, Staff is supportive of leasing spaces to promote condominium development within the downtown because parking is a critical component of downtown living. The Kimball project has six spaces on their property to accommodate six of the twelve units, however, the remaining six units would not have assigned parking which we believe is problematic for owner-occupancy in the downtown area. Our support for condominium parking is based on staff’s opinion that residents need parking convenient to their unit i.e. carrying in groceries, having space available at night and on weekends and in snow emergencies when parking is not allowed on the street system. An argument could be made that rental unit tenants should be provided the same opportunity, however, individuals who rent do not have an ownership stake in the property and could leave at any time if they feel the parking situation is not convenient. Individuals owning a condominium don’t have that same option. This will be the first condominium project in the Downtown. It is an untested market and somewhat risky, however, the units are affordable and could be attractive to first time homebuyers and young professionals wanting to get into the housing market especially considering the federal tax credits currently being offered. The project provides an adaptive reuse of an existing building which is a sustainable factor. The project is positive on a number of fronts but in order for it to be successful, providing a limited number of leased parking spaces is a critical element. D. The lease terms include the following: 1. That the lease is between the City of Janesville and One Seventeen East Condominiums Association, Inc. 2. That the term of the lease is for 10 years with one 10 year renewal. 3. That the lessee shall pay to the City a yearly rent of $600 for the parking spaces. That the renewal lease rate is increased by the yearly increase in the CPI from the date of the original lease. 4. The lessee shall use the parking spaces only for parking of licensed/operable motor vehicles. 5. That the lease is not assignable except that the lessee may lease such parking spaces to the owner of the condominiums residing at 117 East Milwaukee Street. 6. That the City has access rights to the parking spaces at any and all times throughout the term of the lease. 7. That the lessee shall have the rights to terminate the lease, however they shall notify the City not less than 120 days prior to such termination. E. The State Statutes require that the Plan Commission review long-term leases in order to determine if they are consistent with City plans. Therefore, the Plan Commission reviewed the proposed lease at their December 21 meeting and agreed to forward it to the City Council with a favorable recommendation. The Community Development Department believes that leasing parking to support a condominium project at 117 East Milwaukee Street is consistent with the Downtown Vision and Strategy Plan. The proposed project promotes the overall vision of creating the downtown as a destination - a hub of civic life; employment; art, culture & entertainment; local business and services; parks and open space; residential living; and health care. The Downtown Plan recognizes the importance of re-use of historically significant buildings and rehabilitation within the downtown which this project plans to do. The Downtown Plan also recognizes that catalytic revitalization projects in the downtown, which this project is an example, can assist other development and spur further improvements in the downtown. The City’s newly adopted Comprehensive Plan sets forth an overall goal of housing and neighborhood development which states: “Ensure a wide range of housing options to meet the changing needs and demographics of the City.” The Comprehensive Plan also identifies specific objectives which include: 1) provide housing to accommodate a wide range of interests, ages, incomes and needs within the community; 2) continue to preserve the character of historic neighborhoods which could include the downtown. In addition, the plan specifically identifies policies and programs which should be undertaken to: “Encourage the development of market rate housing downtown – new condominium or apartment projects, or upper story housing”. Potential target groups for such housing would be “young professionals” and the 55+ age cohorts. The Community Development Department believes that the Downtown Vision and Strategy Plan and the Comprehensive Plan, while not specifically addressing the actions of this request, do indicate that the city should promote a wide-range of housing, condominium living within the downtown area and historic preservation which this lease agreement would facilitate. The residential condominium proposal represents the first and only attempt to offer this type of housing alternative in downtown Janesville. By allowing this lease agreement to occur, the proposed condominiums should become marketable, it will increase the project’s success and thus improve the downtown’s vitality. PLAN COMMISSION ACTION – DECEMBER 21, 2009 Brad Cantrell, Community Development Director, presented the written staff report. Commissioner Zolidis questioned if the association would be charging the condo owners to lease the spaces. Attorney Fred Wesner stated that the association would consist of the 12 unit owners and that the association would pay for the lease as a whole and that individual owners would not be charged. Commissioner Werner questioned the proposed lease fee and Cantrell stated that staff arrived at that amount after looking at the range of other lease fees within downtown area. Cantrell continued that the fee might be less than a market rate lease fee, but he believes it will encourage the project in this location and hopefully make it successful. Commissioner Werner asked if other property owners in this area had ever expressed interest in leased parking. Cantrell stated that none of them had ever approached the City but that Sara Investment had asked about leased parking prior to the determination that the City can only lease 5% of stalls within that parking area. Cantrell stated that the need to add lease spaces will not be necessary when the parking garage opens as it should provide ample parking to serve the whole area. There was a motion by Commissioner Zolidis with a second by Commissioner Perrotto to forward this item to the City Council with a favorable recommendation noting that the Plan Commission has not reviewed the financial aspects of this transaction. The motion carried on a 5-0-0 vote. RESOLUTION NO. 2010-666 A resolution authorizing the lease of six (6) City-owned parking spaces located in the Parker Drive/Wall Street parking garage for ten (10) years at an annual rent of six- hundred dollars ($600.00), for other good and valuable consideration, and upon certain other terms and conditions. WHEREAS, the Common Council of the City of Janesville owns certain real property consisting of six (6) public parking spaces located in the Parker Drive/West Wall Street parking garage in the City of Janesville, County of Rock, State of Wisconsin, more particularly described in Attachment “A” to the attached PARKING LEASE proposed between the CITY OF JANESVILLE and ONE SEVENTEEN EAST CONDOMINIUMS ASSOCIATION, INC., and desires to lease said parking spaces and enter into said ten (10) year PARKING LEASE with ONE SEVENTEEN EAST CONDOMINIUMS ASSOCIATION, INC. at an annual rent of six-hundred dollars ($600.00), for other good and valuable consideration, and upon certain other terms and conditions as set forth in the attached proposed PARKING LEASE; and WHEREAS, the Common Council is empowered to enter into said PARKING LEASE, pursuant to Sections 62.22(1), 62.23(17), and other applicable statutes, and hereby find that said PARKING LEASE is in the best interest and to the benefit of the CITY and its residents; and WHEREAS, the Plan Commission, pursuant to Section 62.23, Wis. Stats., reviewed and considered the proposed PARKING LEASE at a public meeting on December 21, 2009, unanimously voting to recommend that the CITY enter into said PARKING LEASE with ONE SEVENTEEN EAST CONDOMINIUMS ASSOCIATION, INC. upon the terms and conditions set forth therein, but not considering the financial aspects of the transaction. NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of Janesville that the Parking Lease to ONE SEVENTEEN EAST CONDOMINIUMS ASSOCIATION, INC. of certain real property owned by the CITY consisting of six (6) public parking spaces located in the Parker Drive/Wall Street parking garage more particularly described in Attachment “A” to the attached proposed PARKING LEASE, for ten (10) years at an annual rent of six-hundred dollars ($600.00), for other good and valuable consideration, and upon certain other terms and conditions as set forth in the attached proposed PARKING LEASE, is hereby authorized and approved; and BE IT FURTHER RESOLVED, that the City Manager and City Administration are hereby directed to enter into and execute, on behalf of the City of Janesville, the attached proposed PARKING LEASE between the City of Janesville and ONE SEVENTEEN EAST CONDOMINIUMS ASSOCIATION, INC., prepare and file such other documents, forms and papers pertaining to this transaction as may, from time to time, be necessary or desirable to effectuate the intent of this resolution and/or lease; and BE IT FURTHER RESOLVED, that the City Manager is hereby further authorized to take whatever actions and to make whatever other minor changes to this LEASE and related documents that the City Manager may, from time to time, find necessary or desirable to effectuate the intent of this resolution and PARKING LEASE. ADOPTED: Motion by: Second by: APPROVED: Councilmember Aye Nay Pass Absent Brunner McDonald Eric J. Levitt, City Manager Perrotto Rashkin ATTEST: Steeber Truman Voskuil Jean Ann Wulf, City Clerk-Treasurer APPROVED AS TO FORM: City Attorney Proposed by: Community Development Department Prepared by: Community Development Department PARKING LEASE Between CITY OF JANESVILLE (“Lessor”) And ONE SEVENTEEN EAST CONDOMINIUMS ASSOCIATION, INC. (“Lessee”) BY THIS PARKING LEASE, entered into between the CITY OF JANESVILLE, a Wisconsin Municipal Corporation located in the County of Rock and conducting its principal business at 18 North Jackson Street (“LESSOR”), and ONE SEVENTEEN EAST CONDOMINIUMS ASSOCIATION, INC. conducting its principal business at 928 Todd Drive, Suite 1, in the City of Janesville, County of Rock, State of Wisconsin (“LESSEE”), for good and valuable consideration, the sufficiency of which is hereby acknowledged by both parties, each in consideration of the promises to be performed by the other as set forth herein, agree and promise as follows: 1. The LESSOR hereby leases, demises, and lets unto LESSEE real property consisting of six (6) public parking spaces owned by the LESSOR located in the Parker Drive/Wall Street parking garage in the City of Janesville, County of Rock, State of Wisconsin (the “Parking Spaces”), which Parking Spaces are more fully described in Attachment “A”. 2. This LEASE shall be for a term of ten (10) years, commencing at 12:01 o- clock A.M. on the ______ day of ___________, 20___ and ending at 12:01 o’clock A.M. on the _____ day of _________________, 20___. If LESSEE is not in default under any provisions of this LEASE, LESSEE may renew and extend this LEASE for one (1) additional terms of ten (10) years upon the same terms and conditions excepting only the rent to be paid during the renewal/extension terms shall be as stated in Paragraph 3 below. Notice of LESSEE’S intention to exercise any right or option to renew or extend must be given in writing to LESSOR as least ninety (90) days prior to the end of the current term. If LESSEE neglects to exercise any right or option to renew or extend on the date specified, LESSEE’S right to exercise that option shall not expire until thirty (30) days after written notice by LESSOR to LESSEE of LESSEE’S failure to exercise the option. 3. The LESSEE shall annually pay to the LESSOR, as rent for the Parking Spaces during the initial term of this LEASE, the sum of six-hundred dollars ($600.00) per year on or before the ______ day of _____________________. If LESSEE properly exercises the option to renew or extend set forth in Paragraph 2 above, LESSEE shall pay the LESSOR as rent for the PARKING SPACES during the extended lease term the amount of six hundred dollars ($600.00) per year (the “Annual Rental”), which amount shall be adjusted at the commencement of the extended lease term (the “Adjustment Date”) as follows: The base for computing the adjustment is the Consumer Price Index (the “CPI”) for All Urban Consumers in the Milwaukee-Racine Area, published by the United States Department of Labor, Bureau of Labor Statistics (the “Index”), which is in effect on the date of the commencement of the initial term of this LEASE (the “Beginning Index”). The Index published most recently preceding the Adjustment Date in question (the “Extension Index”) is to be used in determining the amount of the adjustment. If the Extension Index has increased over the Beginning Index, the Annual Rental for the extension term of the LEASE shall be set by multiplying the Annual Rental by a fraction, the numerator of which is the Extension Index and the denominator of which is the Beginning Index. In no case shall the Annual Rental for the extended lease term be less than the annual rental paid for the prior lease term. If the Index is changed so that the base year differs from that in effect when the initial term commences, the Index shall be converted in accordance with the conversion factor published by the United States Department of Labor, Bureau of Labor Statistics. If the Index is discontinued or revised during the initial term or any extension term, such other government index or computation with which it is replaced shall be used in order to obtain substantially the same result as would be obtained if the Index had not been discontinued or revised. 4. LESSEE shall use and permit the use of each of the Parking Spaces only for parking purposes by licensed and operable motor vehicles, all other uses and purposes being expressly prohibited without the prior written authorization of the CITY MANAGER. The LESSEE may not sell in any manner any of the Parking Spaces. 5. This LEASE is not assignable nor can any part, portion or whole of the Parking Spaces be sublet by the LESSEE without the prior written authorization of the CITY MANAGER. The only exception hereto is that the LESSEE may sublease the Parking Spaces to and/or authorize the use of the Parking Spaces by the owners and/or occupants of the condominium units of One Seventeen East Condominiums located at 117 East Milwaukee Street, Janesville, Wisconsin. 6. Except as provided in Paragraph 5 above no Parking Space may be sold, leased, subleased, gifted, alienated, or conveyed in any manner by the LESSEE at any time for any reason. Each Parking Space shall always remain in the ownership of the City. 7. LESSEE at all times shall maintain the parking spaces in clean condition and proper order. 8. LESSEE shall not damage or allow the Parking Spaces or parking garage to be damaged by its members, subtenants or authorized users in any manner and shall promptly repair any and all damages caused by LESSEE or its members, subtenants or authorized users during the term of this LEASE, solely at its own expense. 9. If any annual rent or payment required by this LEASE shall not be paid within fifteen (15) days of the date due, the LESSOR, in addition to all legal and equitable remedies provided by law, shall have the cumulative and not exclusive options and remedies to: (A) Terminate this LEASE, take immediate possession and re-lease or re-rent the Parking Spaces to whomever it desires upon whatever terms and conditions it desires, (B) The LESSOR shall also recover all expenses incurred by reason of the breach, including reasonable attorney’s fees. (C) The foregoing rights of the LESSOR are cumulative and not exclusive, are in addition to all other legal and equitable rights and remedies provided to the LESSOR by law, and do not act as any waiver of any such additional rights or remedies hereunder. 10. In the event that the LESSEE shall fail to perform or shall breach any promise of this LEASE, other than the promise of the LESSEE to pay rent, for fifteen (15) days after a written notice specifying the performance required shall have been sent to the LESSEE, the LESSOR may institute action in a court of competent jurisdiction to terminate this LEASE or to compel its performance, in which event the LESSEE shall pay all expenses of such litigation, including reasonable attorney’s fees. 11. At the end of the LEASE term and/or at any time the LESSOR and/or LESSEE terminate(s) this LEASE, the LESSEE shall forthwith, quietly, peacefully, and in such manner as the City Manager may request or require, return possession of the Parking Spaces to the LESSOR in the same condition that the Parking Spaces were at the commencement of this LEASE, normal wear and tear excepted. 12. The LESSOR shall have and hereby retains, and the LESSEE hereby grants to the LESSOR and its employees, officers, officials, agents and representatives, access, without prior notice, to the Parking Spaces at any and all times throughout the term of this LEASE for any and all public and municipal purposes including, but not limited to, maintenance, repair, improvement, cleaning, inspection, and all other health, welfare, peace, tranquility, and safety government purposes of whatsoever kind or nature. 13. LESSEE may terminate this LEASE at any time, without cause, but shall notify the LESSOR not less than one hundred twenty (120) days prior to such termination. In the event the LESSEE terminates this LEASE, or abandons or vacates the Parking Spaces prior to the expiration of the LEASE’s ten (10) year term, the LESSOR shall have the right to forthwith assume possession, dispose of, relet, lease, and/or otherwise use the Parking Spaces as it may decide from time to time thereafter, any and all rights thereto of the LESSEE being forever terminated and waived. In the event that the LESSEE provides LESSOR with less than one hundred twenty (120) days prior notification of termination, the LESSEE shall pay to the LESSOR Five Hundred Dollars ($500.00) to cover the additional clerical expenses that the LESSOR would incur under such circumstances. 14. LESSEE shall abide by and promptly perform each and every reasonable and necessary matter directed or requested by the CITY MANAGER, from time to time and at any time, pertaining to the Parking Spaces and this LEASE. 15. LESSEE shall not make any structural, painting, signage, or other physical changes or modifications to any of the Parking Spaces or parking garage in any manner whatsoever without the prior written authorization of the City Manager or the Common Council of the City of Janesville, whichever is necessary depending upon the nature and extent of the changes or modifications proposed by LESSEE. 16. LESSOR makes no representations or warranties about the Parking Spaces or their condition to LESSEE or to any other person. LESSEE takes and hereby acknowledges that it takes the Parking Spaces on an “as is” basis. 17. This LEASE may not be amended or modified except by written agreement signed by both parties. 18. LESSEE shall require each and every of its Parking Space sublessees and/or authorized users to abide by the care and use provisions set forth in this AGREEMENT. 19. All notices required or to be given pursuant to this LEASE shall be in writing and delivered personally or mailed by United States certified or registered mail, postage prepaid, addressed as follows: If to LESSOR: Eric Levitt City Manager City of Janesville Municipal Building 18 North Jackson Street Janesville, WI 53548 If to LESSEE: One Seventeen East Condominiums Association, Inc. Attn: Robert M. Kimball, President 928 Todd Drive, Suite 1 Janesville, WI 53546 Notices shall be deemed effective and properly delivered and received when and if either (a) personally delivered; or (b) two (2) business days after being deposited in the U.S. Mail, by certified or registered mail return receipt requested, postage prepaid. Either party may change the names and addresses of the persons to whom notices shall be delivered, by written notice to the other party in the manner herein provided for the service of notice. 21. This LEASE constitutes the entire agreement between the parties. 22. The City Manager of the LESSOR is authorized to enter into this LEASE with the LESSEE pursuant to Chapter 349, Wis. Stats., Chapter 64, Wis. Stats., and Janesville General Ordinance Chapter 10.12 including, but not limited to, JGO Sections 10.12.030 and 10.12.040. 23. Time is of the essence in the performance of each of LESSEE’ obligations set forth in this Agreement. LESSOR CITY OF JANESVILLE By:___________________________ Eric J. Levitt, City Manager By:___________________________ Jean Ann Wulf, City Clerk-Treasurer ACKNOWLEDGEMENT STATE OF WISCONSIN ) ) ss. COUNTY OF ROCK ) Personally came before me this _____ day of ___________, 20___, the above named ERIC J. LEVITT and JEAN ANN WULF, to me known to be the persons who executed the foregoing instrument and acknowledge the same. _______________________________ Notary Public, State of Wisconsin My Commission Expires:___________ LESSEE ONE SEVENTEEN EAST CONDOMINIUMS ASSOCIATION, INC. By:___________________________ Robert M. Kimball, President ACKNOWLEDGEMENT STATE OF WISCONSIN ) ) ss. COUNTY OF ROCK ) Personally came before me this _____ day of ___________, 20___, the above named Robert M. Kimball, in his capacity as the President of One Seventeen East Condominiums Association, Inc., to me known to be the person who executed the foregoing instrument and acknowledge the same. _______________________________ Notary Public, State of Wisconsin My Commission Expires:___________ DEPARTMENT OF PUBLIC WORKS MEMORANDUM December 30, 2009 TO: City Council FROM: John Whitcomb, Operations Director SUBJECT: Discussion and Direction to Staff on Proposed Changes to Enforcement Actions Regarding Snow-Covered Sidewalks Abutting Private Property Summary During review of the 2010 proposed City budget, some Councilmembers expressed a desire to decrease the City’s response time to citizen complaints about snow-covered sidewalks abutting private property. This memorandum outlines statutory and ordinance provisions, current complaint response procedures, procedures in 16 other Wisconsin cities, and provides recommendations aimed at reducing response times. Staff Recommendation Staff recommends eliminating the current procedure of mailing a letter to a property owner whose sidewalk has been inspected and found non-compliant with ordinance provisions. Staff further recommends replacing this procedure with two other forms of contact: first, inspectors would attempt personal contact with tenants of buildings abutting sidewalks found to be non-compliant. Second, if personal contact has not been achieved, inspectors would leave a door hanger with pertinent information, including the City’s intent to clear the walk if the tenant or property owner does not. Recommended Motion I move to approve staff eliminating the procedure of mailing a letter to a property owner whose sidewalk is found to be non-compliant. City Manager Recommendation The City Manager concurs with staff’s recommendation, with the understanding that corrective action by City crews will not occur less than 48-hours after the end of a storm. Background Authority State Statute 66.0907 (5) requires the City clear sidewalks of snow and ice when abutting property owners fail to do so. This statute further allows the City to pass along, to the property owner, the cost to perform this clearing. No timeframes for property owner compliance are established by statute. City Ordinance 12.08.080 requires sidewalks be cleared of snow and ice within 12 hours of cessation of snow. Current Procedures The City’s response to snow-covered sidewalks is reactive, relying primarily on citizen complaints. Once a complaint is received, inspectors will investigate to determine compliance. The following procedures are implemented: 1 ? An Operations Division staff member inspects the address where the complaint was noted and also reviews other nearby properties for compliance; ? If non-compliance is observed, property owners are sent a letter directing them to clear the sidewalk; property owners have three (3) days from the date of the notice to clear sidewalks; ? After the deadline has expired, an Operations Division staff member will re- inspect the property; if compliance is found, no further action is taken; if non- compliance remains, City crews will be scheduled to clear the sidewalk and the property owner is sent an invoice for labor and equipment costs; ? A property owner will only receive one written notice from the City in a season; for subsequent instances of non-compliance at the same property, City crews will perform work without notice. All of this is currently accomplished utilizing Operations Division staff. Under ideal circumstances, the process can take approximately four days from receipt of complaint to having City crews clear a sidewalk. Under typical circumstances, the process takes approximately one week. Significant staff time is devoted to multiple inspections and processing letters. Peer City Procedures A review of procedures in 16 Wisconsin cities was conducted. In summary: ? 12 of 16 communities respond to snow covered sidewalks on a complaint basis. The other 4 communities do some form of proactive inspection. ? 12 of 16 communities utilize a door hanger to notify tenants of buildings that their sidewalks are out of compliance. One of these communities (Wauwatosa) notifies residential properties with a door hanger but they do not provide notice to businesses. Three communities mail letters to property owners. Only 1 community (Oshkosh) does not provide any notice prior to clearing a sidewalk in non-compliance. ? 12 of 14 communities take picture documentation at each location. These communities indicate this was important in proving the work was performed, especially when using contractors. ? 4 of 13 communities issue citations for violations. Eight of 13 communities never issue citations. ? 7 of 16 communities only use city labor to clear sidewalks. An equal amount (7 out of 16) only use contracted labor to clear sidewalks. Some communities (2 out of 16) use city labor supplemented by contractors when necessary. Summary The primary emphasis in developing and reviewing alternatives was to obtain compliance as quickly as possible following receipt of a citizen complaint, whether that be by tenant/property owner action or by City forces. The primary factors influencing the timeliness of response to citizen complaints are: 2 ? The current practice of issuing notices to property owners and conducting multiple inspections upon the first complaint; ? During the winter season, major storms and events with rain or freezing rain require significant follow up by Operations Division personnel for streets and public sidewalks, making them unavailable to respond to private sidewalk complaints; these types of weather conditions also increase the volume of complaints received; Thus, the following are proposed: ? Eliminate the mailing of a letter to owners of property found to be non-compliant. It would not be practical to reduce the timeframe given a property owner to something less than three days from the date of a notice. Postal delivery time must be considered. Eliminating the notification process then becomes the only alternative. Notification to property owners is not required by either state statute or City ordinance. Lack of notification does not prohibit the City from passing on, to the property owner, its costs to clear sidewalks. This is a very punitive action but is implemented in a majority of the cities reviewed. Implementing this recommendation will very likely generate a significant number of complaints from affected property owners. However, this recommendation must be implemented in order to decrease response time. ? In lieu of letters, inspectors would attempt personal contact at the building abutting the non-compliant sidewalk. This, too, should improve response time in that more sidewalks are likely to be cleared by building occupants rather than by City forces. ? If personal contact is not achieved, inspectors would utilize a door hanger containing pertinent information for the occupants, including the City’s intent to clear the walk if the tenant or property owner does not. Though a more punitive approach, it is the approach used in a majority of Janesville’s peer cities and will achieve the goal of reducing the response time to citizen complaints. Staff will ensure that these procedural changes, if supported by the Council, are communicated to the community in advance of implementation. Lastly, additional actions are being considered to address times when City crews may be unavailable to inspect and/or clear snow from sidewalks. These include utilizing employees from other divisions as well as supplementing City forces with contracted labor and equipment. 3 CLERK-TREASURER'S OFFICE MEMORANDUM December 30, 2009 TO: City Council FROM : Jean Ann Wulf, City Clerk-Treasurer SUBJECT: Action on Proposed Amendments to the City Council Policy Statement No. 68 Regarding Investments Summary Staff recommends that the City Council adopt the proposed amendments to City Council Policy Statement No. 68 regarding Investments. The primary focus of the revisions is to address Councilmember Perrotto’s request to allow staff more flexibility and latitude in making investment decisions and to make small housekeeping changes. Staff Recommendation Staff recommends the Council adopt the amendments to City Council Policy Statement No. 68 regarding Investments. City Manager Recommendation The City Manager supports the proposed policy changes by Administrative Services. Suggested Motion I move to adopt the attached amended City Council Policy Statement No. 68 regarding Investments. Request Councilmember Perrottorequested that the City review the Investment Policy to maximize interest earnings. He felt that the staff should have more flexibility on investments and the guidelines within the policy should be expanded. In addition, staff has taken this opportunity to update our policy with minor housekeeping changes. Analysis The proposed changes in the Investment Policy are split into two sections. The first section provides substantive changes and the second section provides minor housekeeping changes. Substantive Changes to the Investment Policy: 5. Investments We eliminated the Wisconsin Investment Trust (WIT) investment category. ? The fund invested in long term securities but allowed municipalities to withdraw their funds on a daily basis. With only $40 million in the fund, withdrawal of funds created unacceptable fluctuation in returns. Therefore, we ceased investing in this fund in 2006. We added Certificate of Deposit Account Registry Service (CDARS) as an ? investment category to our policy. Even though it is considered a certificate of deposit and allowed under our existing policy, we felt that it was appropriate to list this category separately because it is becoming a larger part of our portfolio. We added municipal, county and school notes and bonds that are rated at ? the highest or second highest rating category assigned by a nationally recognized rating agency. This is allowed under our existing policy but not specifically listed. We believe that this type of investment would add yield to our portfolio and provide us with another investment opportunity in the 2-5 year range. We added unrated municipal, county and school notes and bonds that are ? issued by a jurisdiction in Rock County and backed by the full faith and credit of the taxing authority. We require that the jurisdiction has been rated at the highest or second highest rating category assigned by a nationally recognized rating agency within the last 12 months. This is allowed under our existing policy but not specifically listed. We believe that this would offer us an opportunity to invest locally and add yield to our portfolio. 6. Safety Additional language was added to insure that credit risk and rate risk is ? minimized. Credit risk is the potential loss from a single issuer. Rate risk is the market value gain or loss from holding a specific security. 7. Diversification Commercial paper shall be limited to a maximum of $500,000 per single ? issuer. Typically, we limit our purchase to $500,000 but would like to formalize this administrative policy. The percentage allowed to be invested beyond 24 months is changed ? from 20% to 40% of the portfolio. In addition, the percentage is based upon our average annual portfolio instead of the lowest investment balance that occurs during the year. This change will significantly increase our ability to invest in longer term securities, when appropriate. The percentage allowed to be invested in commercial paper, bank ? certificates and CDARS was increased from 40% to 60% of the portfolio. We have found that the CDARS provides the City with the best investment opportunity given the current investment environment and we would like to expand our portfolio into this area. Housekeeping Changes: The policy delegates investment authority to the Director of Finance and ? Administration. The Administration has reorganized since the policy was adopted and it should now reflect that the Assistant City Manager/Director of Administrative Services is the appointed responsible person. (Policy Reference: 3. Delegation of Authority, 4. Prudence, 10. Reporting) Credit risk and interest rate risk was added to emphasis the City will ? minimize potential losses from a single issuer and be aware of maturity dates on our securities. (Policy Reference: 6. Safety) The policy requires an annual report on our investment portfolio. We are ? recommending changing this to semi-annual reports. In addition, we are suggesting that the 90 day U.S. Treasury bill be used as a bench mark on performance. (Policy Reference: 10. Reporting) cc: Eric Levitt, City Manager Jay Winzenz, Asst. City Manager/ Director of Administrative Services CITY OF JANESVILLE Policy No. 68 Page 1 of 3 CITY COUNCIL POLICY STATEMENT Date Issued 2/20/90 Revised 5/12/97 General Subject: Investments Revised 5/08/00 Revised 12/13/05 Effective Date 12/13/05 Specific Subject: Investment of City Funds Cancellation Date Supersedes No. PURPOSE To identify objectives, assign responsibilities, and establish a policy to ensure continuous prudent investment of available City funds. STATEMENT OF POLICY 1. Scope. This policy applies to all cash and investments of the City of Janesville. These assets are accounted for in the City’s annual audit report and include: General Fund, Special Revenue Fund, Capital Project Funds, Enterprise Funds, Funds, and the Debt Service Fund, and shall be administered in Fiduciary Fiduciary accordance with the provisions of this policy. 2. Legality. All investments made by the City shall be in compliance with Wisconsin State Statutes which grant general authority for making investments with municipal funds and which extend such authority to investment in savings banks. 3. Delegation of Authority. Management’s responsibility for the City’s investment program is hereby delegated to the Director of Finance and Administration Assistant City Manager/Director of Administrative Services, who shall establish written procedures for the operation of the investment program. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the Director of Finance and Administration Assistant City Manager/Director of Administrative Services. 4. Prudence. The standard of prudence to be used by the Director of Finance and Administration Assistant City Manager/Director of Administrative Services shall be the “prudent person” and shall be applied in the context of managing the overall investment portfolio. The Director of Finance and Administration Assistant City Manager/Director of Administrative Services, acting in accordance with written procedures and exercising due diligence, shall be relieved of personal responsibility for an individual security’s credit risk or price market change, provided that deviations are reported in a timely fashion and appropriate action is taken to control these adverse developments. CITY OF JANESVILLE Policy No. 68 Page 2 of 3 CITY COUNCIL POLICY STATEMENT Date Issued 2/20/90 Revised 5/12/97 General Subject: Investments Revised 5/08/00 Revised 12/13/05 Effective Date 12/13/05 Specific Subject: Investment of City Funds Cancellation Date Supersedes No. 5. Instruments. Investment of the City's funds may be invested in those instruments stated in Wisconsin State Statutes which include, but are not limited to: (a) U.S. Treasury securities; or securities ex guaranteed as plicitly and implicitly to principal and interest by the federal government; (b) certificates of deposit fully insured or collateralized at commercial banks, credit unions and savings banks; (c) commercial paper rated A-1/P1; (d) repurchase agreements collateralized by U.S. Treasury securities or securities guaranteed as to principal and interest by the federal government;(e) the State of Wisconsin Local Government Investment Pool; (f) the Wisconsin Investment Trust Certificate of Deposit Account Registry Service ( (g) Securities of an open-end management investment company CDARS); or investment trust fully insured or collateralized by U.S. Treasury or Federal securities; (h) municipal, county or school notes or bonds rated at the highest or second highest rating category assigned by a nationally recognized rating agency; (i) municipal, county or school notes or bonds issued by a jurisdiction in Rock County and backed by the full faith and credit of the taxing authority. The taxing authority shall have been rated at the highest or second highest rating assigned by a nationally recognized rating agency with in the last 12 months. 6. Safety. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital. In order to attain this objective, diversification of our overall portfolio is required. The objective will be to mitigate credit risk and rate risk. 7. Diversification. Investments shall be diversified to eliminate the risk of loss resulting from over concentration of assets in a specific maturity, a specific issuer, and/or a specific class of securities. In lieu of indicating specific investment amounts: (a) commercial paper shall be limited in size so to $500,000 per issuer that in case of default, the portfolio’s annual investment income will exceed a loss on a single issuer's securities; (b) no more than 20% of the 40%estimated average portfolio may be invested beyond 24 months; (c) no more than 40% of annual60% the portfolio may be invested in the following categories: commercial paper or bank certificates of deposit and (d) local bank balances are restricted and CDARS; to Wisconsin financial institutions and shall be fully insured or collateralized. 8. Safekeeping. All investment securities purchased by the City shall be (a) CITY OF JANESVILLE Policy No. 68 Page 3 of 3 CITY COUNCIL POLICY STATEMENT Date Issued 2/20/90 Revised 5/12/97 General Subject: Investments Revised 5/08/00 Revised 12/13/05 Effective Date 12/13/05 Specific Subject: Investment of City Funds Cancellation Date Supersedes No. held in third-party safekeeping by an institution designated as primary agent, (b) held by a third party trust company or bank in the brokerage firm’s name for the benefit of the City with 100% of the investment insured or (c) held by the City of Janesville. The primary agent shall issue a safekeeping receipt to the City listing the specific instrument, rate, maturity, and other pertinent information. 9. Credit Risk. The investment policy provides limits as to the type and grade of City investments. The State of Wisconsin Local Government Investment Pool and the Wisconsin Investment Trust are is not registered with the Securities and Exchange Commission, but operates under the statutory authority of Wisconsin State Statutes Chapter 25. The City of Janesville acknowledges that the Wisconsin Local Government Investment Pool and the Wisconsin Investment Trust are is not rated and accepts this credit risk. State Statutes limit investments in debt securities to the highest or second highest rating category. The City limits investment securities to the highest or second highest rating category. This limit includes investments in mutual funds. 10. Reporting. The Director of Finance and Administration Assistant City Manager/Director of Administrative Services shall submit an annual semi- investment report. Such report shall summarize the investment portfolio in terms of securities held, maturities, and amounts invested. Furthermore, this report shall indicate the annual investment return, as compared to the amount budgeted. The City shall use the U.S. 90 day Treasury bill as our benchmark on performance. CITY MANAGER’S MEMORANDUM January 6, 2010 TO: Council President Truman & City Council FROM: Eric J. Levitt, City Manager SUBJECT: Study Session on Economic Development. The City Manager requests that the City Council schedule a study session to review current Economic Development strategy and potential changes in the future. Two potential study session dates are: st ? February 1 ? February 18th Thank you for your consideration. 1 CITY MANAGER’S MEMORANDUM January 6, 2010 TO: Council President Truman & City Council FROM: Eric J. Levitt, City Manager SUBJECT: Study Session on Solid Waste. The City Manager requests that the City Council schedule a study session to review the current Solid Waste Fund and future management options as previously outlined in the budget. Three potential study session dates are: st ? February 1 th ? February 10 th ? February 11 Thank you for your consideration. 1