Wausau Finance Committee Meeting - 8/12/26

The City of Wausau Finance Committee met on August 12, 2026, to discuss several procurement and financial matters. Key procurement actions included authorizing Gander Consulting Group to issue an RFP and review proposals for the city's 2027 property and casualty insurance renewal, aiming to evaluate competitive options beyond the long-standing provider CIVMIC. The committee also approved sole source purchases for a customized stacking conveyor from Kafka Conveyors and Equipment Inc. for the Department of Public Works, and a used Jet A refueler from Wheels on behalf of Phillips 66 for the Wausau Municipal Airport, both justified by specialized equipment needs and cost savings. Additionally, the committee authorized the issuance and sale of up to $3.47 million in Water System Revenue Bonds and $3.33 million in taxable General Obligation Promissory Notes to fund the 2026 lead service line replacement program, with detailed discussion on loan terms, repayment schedules, and impacts on water rates. Both bond issuances were set for council approval later that evening.