Finance Committee Meeting - May 11, 2026

The City of Stevens Point Finance Committee met on May 11, 2026, to discuss several procurement and budget-related matters. Key procurement discussions included approval of funding for grant application services related to a proposed dual-use garage for the police and forestry departments, with a local match estimated at $3.5 million. The committee debated the project’s scale, timing, and debt capacity impact, ultimately approving $5,000 for grant consultant services and authorizing submission of the grant application. Additionally, the committee approved exercising an option to buy back property at Third and Portage Streets, reallocating capital funds for the Business 51 South project due to increased costs, and approving change orders totaling approximately $89,000 for design services related to Business 51 South and North projects. The committee also approved claims paid and discussed a proposed combined public safety training facility and fire station, including a $960,000 capital reallocation to support the project. Closed session actions included supporting negotiations for a land lease agreement with Midstate Technical College for the training center and continuing negotiations for real estate acquisition for the Business 51 North Side project.