City of Waterloo Finance, Insurance, and Personnel Committee Special Meeting
The committee convened to review several key business items, including a garbage and recycling services contract, health insurance premium contributions for the Police and Firefighter associations, and amendments to the Employee Handbook regarding health insurance. Additional topics included the ratification of the 2027-2029 Waterloo Police Association contract, the Investment Advisory Agreement with Ehlers Investment Partners, LLC, and the potential use of 2027 capital budget funds for purchasing police body-worn and squad car cameras. The meeting also included a budget review and a closed session regarding employment, compensation, and collective bargaining.
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City of Waterloo Finance, Insurance & Personnel Committee Agenda
The meeting agenda includes a presentation from Ehlers regarding the City of Waterloo investment portfolio, review and approval of prior meeting minutes, and consideration of new business items. New business items involve the approval of September 2026 financial statements, acceptance of a donation to the Parks Department for the C.W. Parker Carousel, approval of a street overlay project on Gregor Street, and decisions regarding the municipal wheel tax and library tax-exempt appropriations. The committee will also address unfinished business including financial statements from July and August 2026, the Police Department budget, and general budget discussions.
Sep 17, 2026·Board meeting agenda packet
Finance, Insurance, and Personnel Committee Meeting Minutes
The committee addressed various financial and operational matters, including the review of financial statements and the approval of the Capital Improvement Plan (CIP). Key legislative actions included the adoption of resolutions establishing an Infrastructure Reserve Fund, authorizing the transfer of excess General Fund balance to this reserve, and approving a Request for Proposals (RFP) for comprehensive plan and zoning ordinance updates. Discussions also covered infrastructure and facility maintenance, such as thermostat and duct work replacement at City Hall, and the approval of a development agreement for the Drumlin Fields apartment project. Additionally, the committee handled personnel matters, including compensation increases and job position interviews conducted in closed session.
Sep 17, 2026·Board meeting agenda packet
City of Waterloo Common Council Meeting
The City Council meeting included deliberations on administrative and fiscal policies, specifically the creation of an Infrastructure Reserve Fund and amendments to the City's fund debt policy to govern capital improvements. The Council authorized the issuance of an RFP for professional planning services to update the Comprehensive Plan and Zoning Ordinance. Additionally, approval was granted for the use of contingency funds for HVAC and duct work at City Hall, and a resolution was adopted regarding the transfer of excess General Fund balances into the Infrastructure Reserve Fund. Other business involved updates on various municipal projects and committee recommendations.
