Summary

Joint Finance and Economic Development meeting summary

WausauJun 9, 20263 min read

At a glance

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The committees approved minutes from May 26 and authorized a sole-source purchase to upfit three 2026 police squad vehicles. Members heard Tax Increment District (TID) annual reports, heard a developer presentation about two city parcels, and held closed-session negotiations on multiple property purchases and a development term sheet.

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Wangard Development Economic Development

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Joint Meeting

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TransportationBudget & TaxPublic SafetyCommerce

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What this means

Committee members approved funding to outfit three new police squad cars, which means those vehicles will be equipped for department use. City staff presented annual reports on Tax Increment Districts (a way the city uses future tax gains to help pay for development), but no decisions were made on those reports. Several property-purchase and development negotiations moved into closed session, so there were no public final decisions about those parcels at this meeting.

Key decisions

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Approved minutes of the May 26, 2026 Finance Committee meeting.
Approved sole-source request to upfit three 2026 police squad vehicles through Belco Vehicle Solutions for the Wausau Police Department and Department of Public Works.
Postponed consideration of purchasing property at 8101 International Drive for the Business Campus Trail E/W Connector.
Moved into closed session (motion passed) to negotiate purchases of properties for the Department of Public Works Streets Division: 108 Adolph Street, 112 Adolph Street, 112-1/2 Adolph Street and 233 Myron Street.
Moved into closed session (motions passed) to negotiate a counteroffer for 8101 International Drive and to negotiate a term sheet for development of City-owned property at 920 N 1st Street and 15 Fulton Street; the joint committees did not reconvene into open session to take further public action on those closed-session items.

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Meeting information

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Joint Meeting of the Finance Committee and the Economic Development Committee

Jun 9, 2026, 5:15 PM407 Grant Street, Wausau City Hall — Council Chambers, Wausau WI 54403completed

Agenda

1 Finance Committee
2 Public comment on agenda items and reading of the City of Wausau Public Comment Statement.
3 Consideration of the minutes of the preceding meeting(s).
a Finance Committee and Infrastructure & Facilities Committee Joint Minutes
attachments=1
Decision: Consideration of the minutes of the preceding meeting(s).
4 Discussion and possible action.
a Approving Sole Source Request for the purchase to upfit three 2026 police squad vehicles through Belco Vehicle Solutions for the Wausau Police Department and the Department of Public Works.
attachments=1
Decision: Discussion and possible action.
b Consideration of the purchase of property at 8101 International Drive for the Business Campus Trail E/W Connector.
reports=1
Decision: Discussion and possible action.
c 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.
5 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 and/or for the purpose of approving counteroffer for the purchase of property at 8101 International Drive for the Business Campus Trail E/W Connector.
Decision: Closed Session.
6 Reconvene into Open Session, if necessary, to take action on Closed Session items.
7 Joint Finance Committee and Economic Development Committee
8 Discussion.
a City of Wausau Tax Increment District (TID) Annual Reports.
attachments=7 | reports=1
Decision: Discussion.
b Presentation on City-owned property at 920 N 1st Street and 15 Fulton Street by Wangard Development LLC.
attachments=1
Decision: Discussion.
9 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 negotiating a term sheet for development project for City-owned property at 920 N 1st Street and 15 Fulton Street.
Decision: Closed Session.
10 Reconvene into Open Session, if necessary, to take action on Closed Session items.
11 Adjournment.