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May 11, 2026, City Council Meeting Minutes Pursuant to due call and notice thereof, the City Council Meeting of the Prescott City Council was held on Monday, May 11, 2026, in the Prescott Municipal Building, 800 Borner St. , Prescott, WI 54021. 1. CALL TO ORDER Mayor Gerke called the regular City Council meeting to order on May 11, 2026, at 6 :0 0 p.m . 2. ROLL CALL Members present for the roll call were Bailey Ruona , Maureen Otwell , Dar Hintz, and Lindsey Sorenson . Adam Granquist and Ben Bettis w ere excused . Also present were City Administrator Matt Wolf, C ity Clerk Rashel Temmers , Police Chief Eric Michaels , Doug Erickson, Louie Filkins of Ogden Engineering, Sean Lentz of Ehlers, and Trevor Bohland of CapVest. 3 . PUBLIC COMMENTS ON AGENDA ITEMS There were no public comments. 4. PROCLAMATION 1. Recognizing June 2 nd as Mississippi River Day Mayor Gerke read the Proclamation. 5 . CONSENT AGENDA 1. City Council Organizational Minutes – April 21, 2026 2. City Council Minutes – April 27, 2026 3. Plan Commission Minutes – May 4, 2026 4. Tourism Committee Minutes – May 5, 2026 5. General Fund Balances – April 2026 6. Cash Balances – April 2026 7. Paid Invoices Report - April 2026 Special Event Permit – Jensen and Wojeck Wedding on June 19, 2026 , from 2:00 pm – 9:00 pm at Freedom Park Hintz /Ruona motioned to approve the consent agenda items 1 through 7 . There was no further discussion on the motion. The motion passed without a negative voice vote. 6 . REPORTS OF STANDING COMMITTEES AND COMMISSIONS A. FINANCE COMMITTEE B. PLANNING COMMISSION – Next meeting – Monday, June 1 , 2026 , at 6:00 PM City Administrator Matt Wolf provided an overview of the minutes from the Plan Commission meeting of May 4, 2026. C. PARKS & PUBLIC WORKS – Next meeting – Monday, May 18 , 202 6 , at 5:00 PM D. HEALTH & SAFETY – Next meeting – May 11, 2026, at 5:00 PM Committee Chair Dar Hintz provided an overview of the minutes from the Health and Safety Committee meeting of May 11, 2026. E. PERSONNEL - Next Meeting – To Be Determined Committee Chair Maureen Otwell provided an overview of the minutes from the Personnel Committee meeting of May 6, 2026. 7 . COMMUNICATIONS AND NEW BUSINESS 1 . PUBLIC COMMENTS – The City Council will receive public comments on any issue(s) not related to agenda items . Limited discussion by the City Council may take place; however, no action will be taken on any items. This includes receiving written requests or documentation and possible action at a future meeting. There were no public comments. 2 Resolution 24-26 Providing for the Issuance and Sale of General Obligation Promissory Notes, Series 2026A, of the City of Prescott, Wisconsin City Administrator Matt Wolf presented on the proposed issuance and sale of the City of Prescott ’s 2026A General Obligation Promissory Notes , which would finance two major 2026 Capital Improvement Plan projects: 1. Orrin Road Improvements, and 2. Replacement of Fire Engine #2. The borrowing would combine both projects into one issuance to reduce costs and improve financing efficiency. Fire Association members from Prescott, Oak Grove, and Clifton held a joint meeting on January 14, 2026, and agreed to proceed with prepayment to Reliant Fire Apparatus, Inc., for a total cost of $1,045,414, due by the end of August 2026. This prepayment results in total savings of $147,730 , with $83,910.64 of that savings attributed to the City of Prescott. In addition to the apparatus base price , the Fire Department identified accessory costs totaling $427,653.12, separate from the purchase price. The original Orrin Road scope included a mill and overlay from Pearl Street to Dexter Street, and a 10-foot-wide pedestrian trail. The city submitted a TAP grant application for design and construction. The Wisconsin DOT notified the city on May 6, 2026, that the TAP grant was approved for construction only, not engineering design, with an estimated construction timeline of 2030 . Wolf noted the borrowing figures will need to be adjusted since the project will not begin until 2030, and proceeds cannot be unused for multiple years. Because this is a WI DOT project, Wolf stated the design process may take two years plus additional agency approvals. Sean Lentz of Ehlers presented information on borrowing capacity, interest rates, and payment options. He noted that the projected debt levy would increase from $409,134 in 2026 to $498,650 in 2027. Alderperson Ruona asked if TAP grant approval changes the borrowing numbers . Wolf confirmed it would. Ruona asked about bond rating impacts. Lentz explained that the rating agency considers this borrowing , audit s , budget s , and future borrowing plans. Prescott is currently rated A a A3 , and Lentz stated there was little concern regarding this borrowing. Ruona asked if borrowing was the only way to finance the fire engine. Wolf stated that it was the only feasible option to meet the August 2026 payment deadline unless the Council use d the General Fund, which could impact the bond rating. Hintz /Otwell motioned to approve Resolution 24-26 Providing for the Issuance and Sale of General Obligation Promissory Notes, Series 2026A, of the City of Prescott, Wisconsin . There was no further discussion on the motion. Motion passed without a negative voice vote . 3. Resolution 25-26 Approving the Final Plat for Walnut Circle City Administrator Matt Wolf presented on the F inal P lat for Walnut Circle , submitted by Doug Erickson and Ogden Engineering under City Code § 510-12 . Walnut Circle is a n ine -lot single-family residential subdivision near Walnut and Dexter Streets. The preliminary plat and Development Agreement were approved on March 23, 2026. The Plan Commission reviewed the Final Plat for conformance and approved it on May 4, 2026, and recommended Council approval. Key features include Zoning R-1 Mixed Residential , Cul-de-sac right-of-way, utility easements, stormwater pond outlot , park outlot , and p ublic improvements : water, sewer, stormwater, erosion control, trail s , and utility coordination . Due to topography , lot grading will be deferred to the building permit stage , requiring site-specific grading plans with each permit application . Ruona/Otwell motioned to approve Resolution 25-26 Approving the Final Plat for Walnut Circle. There was no discussion on the motion. Motion passed without a negative voice vote. 4. Resolution 26-26 Approving a Development Agreement Between the City of Prescott and TB-Prescott, LLC City Administrator Matt Wolf presented the Development Agreement for “ The Bluffs, ” a 106-unit multi-family residential development located at 1452 Glenridge Drive by TB-Prescott, LLC, doing business as Capital Investment Partners (CapVest). The project is located within the R-4 High Density Residential District and within the Tax Incremental District (TID) No. 6. T he project has received approvals for: 1. Planned Unit Development (PUD) Zoning Overlay, 2. Certified Survey Map (CSM), 3. Site Plan Review, and 4. TID No. 6 approval by the Plan Commission, Common Council, and Joint Review Board. P ublic improvements included in the agreement : 1. Public sidewalk along Dexter Street, 2. Rectangular Rapid Flashing Beacon (RRFB) pedestrian crossing, 3. Public Trail connection between Dexter Street and Borner Street, and 4. Utility and stormwater infrastructure improvements. The city would need to approve the developer ’s final design of the trail improvements from Dexter Street to Borner Street. Wolf stated the project represents a $15.1 million investment , which would make the project the second-largest taxable development within the city behind UNFI . Benefits include housing growth, support for the business park, possible increased school enrollment, and, under Reverse TIF, approximately 10% of the tax increment remains in the TID #6 Fund during the life of the agreement . Alderperson Ruona raised concerns about audit rights, minimum assessed value guarantees, remedies for valuation shortfalls, successor obligations, and delay provisions. Wolf stated the 10% materiality threshold was included, and the assessed value could not fall below the minimum per the agreement. He noted the completion deadline is August 2028 , and any extension would require Council approval. Wolf stated public improvements are reviewed by the City Engineer and accepted through a separate Council resolution process. Otwell/Hintz motioned to approve Resolution 26-26 Approving a Development Agreement Between the City of Prescott and TB-Prescott, LLC. There was no further discussion. Mayor Gerke called for a roll-call vote; Sorenson – yes, Hintz – yes, Otwell – yes, Ruona – nay. Motion passed 3-1. 5. Approving the Cancellation of the City Council Meeting for Monday, May 25 Due to the Memorial Day Holiday Ruona/Otwell motioned to approve the Cancellation of the City Council Meeting for Monday, May 25, 2026, Due to the Memorial Holiday. There was no discussion on the motion. Motion passed without a negative voice vote. 8 . OTHER BUSINESS 1. Discussion on Holding Council Workshop on Wednesday, May 27, 2026, at 5:00 PM Wolf stated a Council workshop is planned for Wednesday, May 27, 2026, at 5:00 p.m., with discussion items including: the TAP grant awarded by the WI DOT , and the proposed public safety building. Ruona stated that she would be a little late with driving time ; all other members in attendance were good with the date and time. 9 . CLOSED SESSION There was no closed session. 10 . ADJOURNMENT Ruona/Hintz motioned to adjourn the Council meeting at 6:5 3 p.m. There was n o discussion on the m otion . Motion passed without a negative voice vote. Respectfully Submitted, Rashel Temmers Rashel Temmers Clerk