Finance Committee Meeting | July 13, 2026

The City of Watertown Finance Committee met on July 13, 2026, to discuss several agenda items including the renewal of a lease agreement with Holtz Motors Incorporated for city-owned parcels near the airport. The committee reviewed the lease terms, noting the previous lease had expired but payments continued, and approved a new 20-year lease with a 10-year renewal option, with lease payments increasing from the prior nominal rate. Additionally, the committee reviewed and approved updates to utility foreman job titles and pay grades, including retroactive pay adjustments based on a recent compensation study. The budget was confirmed to support these changes despite some vacancies. The meeting concluded with a motion to convene a closed session for legal counsel regarding potential litigation related to the indoor pool.