City Council

CITY OF PRESCOTT, WISCONSIN MEETING NOTICE REGULAR CITY COUNCIL MEETING MONDAY, MAY 11, 2026, AT 6:00 P.M. 800 BORNER STREET PRESCOTT, WI 54021 AGENDA 1. CALL TO ORDER 2. ROLL CALL 3. PLEDGE OF ALLEGIANCE 4. PUBLIC COMMENTS – THE CITY COUNCIL WILL RECEIVE PUBLIC COMMENTS ON ANY ISSUE(S) RELATED TO AGENDA ITEMS. LIMITED DISCUSSION BY THE CITY COUNCIL MAY TAKE PLACE. 5. PROCLAMATION 1. Recognizing June 2nd as Mississippi River Day 6. 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 8. Special Event Permit – Jensen and Wojeck Wedding on June 19, 2026 from 2:00 pm – 9:00 pm at Freedom Park 7. REPORTS OF STANDING COMMITTEES AND COMMISSIONS A. FINANCE COMMITTEE B. PLANNING COMMISSION 1. Plan Commission Report – Monday, May 4 2. Next Meeting – Monday, June 1, 2026, at 6:00 PM C. PARKS & PUBLIC WORKS 1. Next Meeting – Monday, May 18, 2026, at 5:00 PM D. HEALTH & SAFETY 1. Health and Safety Committee Report – Monday, May 11 2. Next Meeting – Monday, July 13, 2026, at 5:00 PM E. PERSONNEL 1. Personnel Committee Report - Wednesday, May 6 2. Next Meeting - TBD 8. COMMUNICATIONS & 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. 2. Resolution 24-26 Providing for the Issuance and Sale of General Obligation Promissory Notes, Series 2026A, of the City of Prescott, Wisconsin 3. Resolution 25-26 Approving the Final Plat for Walnut Circle 4. Resolution 26-26 Approving a Development Agreement Between the City of Prescott and TB-Prescott, LLC 5. Approving the Cancellation of the City Council Meeting for Monday, May 25 Due to the Memorial Day Holiday 9. OTHER BUSINESS 1. Discussion on Holding Council Workshop on Wednesday, May 27 at 5:00 PM 10. CLOSED SESSION 1. None NOTICE ACCESS TO THE MUNICIPAL BUILDING FOR THE DISABLED IS AVAILABLE THROUGH THE REAR PARKING LOT ENTRANCE. ALL THOSE WITH SPECIAL NEEDS SHOULD CALL CITY HALL OFFICES (715-262-5544) IF ASSISTANCE IS NEEDED THE CITY OF PRESCOTT Proclamation RECOGNIZING JUNE 2ND AS MISSISSIPPI RIVER DAY WHEREAS, The Mississippi River is more than just a waterway-it's a lifeline for millions of people, a haven for wildlife, and a source of inspiration, recreation, and connection. Spanning 2,350 miles and uniting ten mainstem states and 32 tributary states within its vast watershed, from the wild rice beds in Minnesota to the oyster reefs in Louisiana, the River nourishes communities, supports livelihoods, and brings people together. Today, we honor its importance and commit to protecting its future. WHEREAS, for thousands of years, the Mississippi River has been deeply woven into the lives of Indigenous peoples, sustaining communities and holding profound cultural significance; and WHEREAS, the River provides drinking water for over 20 million Americans, fuels local economies through commerce, agriculture, tourism, and recreation; and WHEREAS, the River is the heart of a migratory flyway for 60% of North America's bird species, and home to hundreds of fish, amphibians, reptiles, and mammal species, making it one of the world's most important ecological corridors; and WHEREAS, pollution, habitat destruction, and climate change threaten the health of the River and the communities that depend on it, requiring collaboration across states, agencies, individuals, communities, and organizations to restore and protect this natural treasure; and WHEREAS, One Mississippi and its network of 78 organizations and 20,000 River Citizens invite all to take action-through conservation efforts, advocacy, or simply enjoying the River and building community-especially during River Days of Action (June 1-15), when people unite to restore, celebrate, and advocate for a healthier River; NOW, THEREFORE, BE IT RESOLVED, that I, Michael H. Gerke, Mayor, do hereby proclaim June 2nd as Mississippi River Day, encouraging all to celebrate, protect, and restore this incredible River by participating in events, becoming a One Mississippi River Citizen, and taking action for a cleaner, healthier future. IN WITNESS WHEREOF, I have hereunto set my hand and caused the Seal of the City of Prescott to be affixed this 11 th day of May 2026. ________________________________ Michael H. Gerke, Mayor ATTEST: ________________________________ Rashel Temmers, City Clerk April 21, 2026, Organizational Council Meeting Minutes Pursuant to due call and notice thereof, the City Council Organizational Meeting of the Prescott City Council was held on Monday, April 21, 2026, in the Prescott Municipal Building, 800 Borner St., Prescott, WI 54021. 1. CALL TO ORDER Mayor Gerke called the Organizational City Council meeting to order, April 21, 2026, at 5:55 p.m. 2. ROLL CALL Members present for the roll call were Maureen Otwell, Dar Hintz, Ben Bettis, and Lindsey Sorenson. Adam Granquist was excused. Also present were City Administrator Matt Wolf, Clerk Rashel Temmers, Liz Gerke, and Kristi Myhre from KDWA. 3. ORGANIZATIONAL ITEMS a. Oath of Office to Mayor, Michael Gerke. Clerk, Rashel Temmers, administered the oath of office to Mayor Michael Gerke. b. Election of Council President of the Common Council (The Common Council will elect the President of the Council after the Mayor receives nominations from the Council Members present) Sorenson/Hintz motioned to nominate Ben Bettis as Council President. There was no discussion on the motion. Bettis was elected as President of the Common Council by a vote of 4 to 0. c. Confirmation of Mayor Appointments of Common Council Members to the Standing Committees of the Common Council: Finance, Health and Public Safety, Parks and Public Works Committee, and Personnel Committee Hintz/Sorenson motioned to approve the confirmation of the common council members to the standing committees. No further discussion on the motion. Motion passed without a negative voice vote. d. Confirmation of Mayor Appointments of Common Council members to serve as Voting Members of the Following Boards, Commissions, and Committees i. Board of Review – Alderpersons Bettis, Sorenson, and Hintz ii. Friends of Freedom Park – Mayor Gerke iii. Library Board – Alderperson Granquist iv. Plan Commission – To Be Determined v. Prescott Area Fire & EMS Association – Alderperson Sorenson Hintz/Bettis motioned to approve the mayor’s appointments of common council members to serve as voting members of the Board of Review, Friends of Freedom Park, Library Board, Plan Commission, and Prescott Area Fire & EMS Association. No further discussion on the motion. Motion passed without a negative voice vote. e. Common Council Confirmation of Reappointments of Citizen Members to: i. Plan Commission – Kate Otto ii. Library Board – Susan Oney iii. Library Board – Penny Peterson iv. Police Commission – Tom Gotzinger v. Prescott Housing Authority – Audrey Johnston Hintz/Bettis motioned to approve the confirmation of appointments of citizen members to the Plan Commission, Library Board, Police Commission, Prescott Housing Authority, and the Cable Commission. Wolf stated that there are still vacancies on the Cable Commission and the Fire & EMS Association. No further discussion on the motion. Motion passed without a negative voice vote. f. Confirmation of Appointments: i. City Engineer – Greg Adams, Cedar Corporation ii. City Attorney – Christopher Gierhart – Weld Riley iii. Municipal Court Attorney – Kevin Urbik, Heywood, Cari & Anderson iv. Public Newspaper – Pierce County Journal Hintz/Bettis motioned to approve the confirmation of appointments of the City Engineer, City Attorney, Municipal Court Attorney, and Public Newspaper. No further discussion on the motion. Motion passed without a negative voice vote. g. Resolution 22-26 Designating Public Depositories and Authorizing Withdrawal of City Monies City Administrator Matt Wolf reviewed Resolution 22-26. At the Organizational Meeting, public depositories are designated. The following, being qualified public depositories under Chapter 34 of the Wisconsin Statutes, shall be and are hereby designated as public depositories of all public moneys coming into the hands of the City of Prescott: First National Bank of River Falls, Local Government Investment Pool, Old National Bank, Hiawatha National Bank, Citizens State Bank, and Citizens Community Federal Bank. Hintz/Otwell motioned to approve Resolution 22-26 Designating Public Depositories and Authorizing Withdrawal of City Monies. No further discussion on the motion. Motion passed without a negative voice vote. h. Review of Wisconsin Compliance and Regulations: i. Open Meeting Regulations ii. Convening of Members – Correspondence iii. Ethics Regulations iv. Resources for Local Officials City Administrator Matt Wolf reviewed Wisconsin Compliance and Regulations. Wisconsin State Statute 19.82 defines that all meetings of local governmental bodies shall be publicly held in places reasonably accessible to members of the public and shall be open to all citizens, unless otherwise expressly provided by law. i. Discussion and Determine Next Steps on Filling the At-large Alderperson Vacancy City Administrator Matt Wolf stated that he has spoken to Bailey Ruona about the At-Large Vacancy, and she would accept if she were offered the position. Hintz/Bettis motioned to approve Bailey Ruona to fill the open At-Large Alderperson Vacancy. There was no discussion on the motion. Motion passed without a negative voice vote. 4. OTHER BUSINESS No other business was discussed. 5. ADJOURNMENT Bettis/Hintz motioned to adjourn the Organizational City Council meeting at 6:10 p.m. There was no discussion on the motion. Motion passed without a negative voice vote. Respectfully Submitted, Rashel Temmers Clerk April 27, 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, April 27, 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 April 27, 2026, at 6:00 p.m. 2. ROLL CALL Members present for the roll call were Bailey Ruona, Maureen Otwell, Adam Granquist, Dar Hintz, and Ben Bettis. Lindsey Sorenson was excused. Also present were City Administrator Matt Wolf, City Clerk Rashel Temmers, and Police Chief Eric Michaels. 3. PUBLIC COMMENTS ON AGENDA ITEMS There were no public comments. 4. ORGANIZATIONAL ITEMS 1. Resolution 23-26 Appointing Bailey Ruona to Fill a Vacancy in the At-Large Alderperson Position 2. Oath of Office to Bailey Ruona 3. Approval of Council Appointments of Alderperson Ruona to the Plan Commission and the Health and Safety Committee 1. City Administrator Matt Wolf provided a brief on Wisconsin State Statutes regarding either holding a special election or appointing someone to complete the remainder of Mayor Gerke’s aldermanic position. Since Mayor Gerke’s At-Large position will be on the ballot in the Spring of 2027, it would be cost-effective to appoint someone to fulfill the position until then. Hintz/Otwell motioned to approve Resolution 23-26 Appointing Bailey Ruona to Fill a Vacancy in the At-Large Alderperson Position. There was no discussion on the motion. Motion passed without a negative voice vote. 2. Clerk Temmers administered the Oath of Office to Bailey Ruona. 3. Hintz/Bettis motioned to approve the Council Appointments of Alderperson Ruona to the Plan Commission and the Health and Safety Committee. There was no discussion on the motion. Motion passed without a negative voice vote. 5. CONSENT AGENDA 1. City Council Minutes – April 13, 2026 2. Parks and Public Works Committee – April 20, 2026 3. Special Event Permit – Akey Graduation Party at Freedom Park – Sunday, May 24 from 12:30 PM – 4:00 PM 4. Special Event Permit – Friends of Freedom Park 20th Anniversary Party at Freedom Park - Saturday, May 16 from 5:00 PM – 8:00 PM 5. Special Event Permit – Music in the Park at Freedom Park – May 21st, June 18th, July 16th, August 20th, and September 17th from 6:00 PM to 8:00 PM Granquist/Ruona motioned to approve the consent agenda items 1 through 5. 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, May 4, 2026, at 6:00 PM C. PARKS & PUBLIC WORKS – Next meeting – Monday, May 18, 2026, at 5:00 PM City Administrator Matt Wolf provided an overview of the Parks and Public Works Committee meeting minutes from April 20, 2026. D. HEALTH & SAFETY – Next meeting – May 11, 2026, at 5:00 PM E. PERSONNEL - Next Meeting – Wednesday, May 6, 2026, at 5:00 PM 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 Approval of the Trail Concept Plan Connecting Magee Park to Walnut Circle City Administrator Matt Wolf reviewed the proposed trail connection from Walnut Circle to Magee Park under the development agreement. The city has approved the preliminary plan, road plans, and development agreement for the Walnut Circle subdivision. As part of the development agreement, the city is responsible for constructing a trail connection between the Walnut Circle development and Magee Park. The city has a $100,000 grant agreement with the Friends of Freedom Park/Coulee River Trails and will provide up to $40,000 in matching funds. Coulee River Trails has developed a concept plan to connect Walnut Circle to Magee Park, which includes the following phases: Phase 1 – a 0.24-mile ADA-accessible trail connection between Walnut Circle and Magee Park; Phase 2 – Future trail segments; Phase 3 – Bridge locations; and Phase 4 – Mountain Bike trails. The Parks and Public Works Committee reviewed the concept plan at their Monday, April 20 th, meeting and recommended sending the plan to Council by a vote of 3 to 0. Alderperson Ruona asked if the trails meet the ADA requirements in terms of the topography and grade, or if there will need to be major adjustments to get the trails ADA-compliant. Wolf stated that the first 0.24 miles does, but the slope after that does not, and will need work to make it ADA accessible. Alderperson Otwell noted that there is $10,000 from the Friends of Freedom Park and the Coulee River Trails Group, but there needs to be an additional $40,000 to complete the project. Are those funds going to be raised? Wolf stated that in the approved grant agreements, the $40,000 is a cost-share. The grant agreement stipulates that for every dollar raised by the Friends of Freedom Park and the Coulee River Trails, the city will match on a dollar-for-dollar basis up to $20,000 for a total of $40,000. Ruona/Otwell motioned to approve the Trail Concept Plan Connecting Magee Park to Walnut Circle. There was no further discussion on the motion. Motion passed without a negative voice vote. 3. Review of 2026 Borrowing for Replacement of Fire Engine #2 and Orrin Road Project City Administrator Matt Wolf presented the proposed 2026 borrowing for two Capital Improvement Plan (CIP) projects. The city plans to borrow $1,545,350 in 2026 for the Orrin Road mill and overlay project. CIP also originally scheduled $955,000 in 2027 for the replacement of Fire Engine #2. The Fire Association members from Prescott, Oak Grove, and Clifton held a joint meeting on January 14, 2026, and agreed to move forward with prepayment of Fire Engine #2 to Reliant Fire Apparatus, Inc., at a total cost of $1,045,414. This prepayment results in total savings of $147,730 for the Association members, of which $83,910.64 for the city. The Fire Department identified accessory costs totaling $427,653.12, not included in the base price. Based on the prepayment calculations, the city’s borrowing would decrease to $836,692, resulting in a savings of $118,308. The full payment of $1,045,414 will be due by the end of August 2026. The Orrin Road project originally included a mill and overlay from Pearl Street to Dexter Street and a 10-foot pedestrian trail. Following TAP grant planning for Highway 10 pedestrian improvements, the Council approved a concept plan that includes closing Orrin Road east of Campbell Street. A TAP grant application has been submitted for design and construction. If awarded, the grant would cover approximately 80% of eligible costs. Total estimated project cost is $5,980,000. The total borrowing for both projects would be $2,382,042, including fees. Alderperson Ruona asked about the Fire Engine accessories, SCBA/turndown equipment, and if these were upgrades from what they have in the current truck. Wolf stated he believed that the SCBAs they currently have would not work in a new fire engine, so they need to be upgraded to be compatible with the new truck. Mayor Gerke stated that the old engine will still be used and will be kept out at the Oak Grove Station. Wolf stated he would get the information on the SCBAs for the next meeting. Otwell stated that she read that the cost of fire trucks is increasing because each is individually designed, which the fire department mentioned at the joint meeting, but this trend has increased the cost of fire trucks. There has been some discussion about reining in this trend by having fire departments adopt more uniform requirements to become more standardized. Ruona asked if we participate in any trade association, or if our fire department is engaged in anything like this, to be a part of these types of developments. Wolf stated he would have to check into this and get back to the Council. 4. Approval of Commission Appointments a. Approval of Joel Reis to the Plan Commission b. Approval of Stewart Pulk to the Fire and EMS Commission a. Hintz/Ruona motioned to approve Joel Reis to the Plan Commission. There was no further discussion on the motion. Motion passed without a negative voice vote. b. Hintz/Ruona motioned to approve Stewart Pulk to the Fire and EMS Commission. There was no further discussion on the motion. Motion passed without a negative voice vote. 8. OTHER BUSINESS There was no other business. 9. CLOSED SESSION 1. Closed session per Wisconsin State Statute 19.85 (1)(g) “Conferring with legal counsel for the governmental body who is rendering oral or written advice concerning strategy to be adopted by the body with respect to litigation in which it is or is likely to become involved.” – City of Prescott vs. Leo’s Landing, Inc. Hintz/Ruona motioned to go to closed session at 6:27 p.m. Mayor Gerke called for a roll-call vote; Ruona – yes, Otwell – yes, Granquist – yes, Hintz – yes, and Bettis – yes. There was no discussion on the motion. Motion passed without a negative voice vote. Granquist/Ruona motioned to come out of closed session at 6:52 p.m. Mayor Gerke called for a roll-call vote; Ruona – yes, Otwell – yes, Granquist – yes, Hintz – yes, and Bettis – yes. There was no discussion on the motion. Motion passed without a negative voice vote. 10. ADJOURNMENT Granquist/Otwell motioned to adjourn the Council meeting at 6:52 p.m. There was no discussion on the motion. Motion passed without a negative voice vote. Respectfully Submitted, Rashel Temmers Rashel Temmers Clerk Planning Commission Meeting Minutes May 4th, 2026 Pursuant to due call and notice thereof, a meeting of the Planning Commission was held on May 4th, 2026, at the Municipal Building, 800 Borner Street, Prescott, Wisconsin 54021. The meeting was called to order at 6:00 PM Commission Present: Mayor Mike Gerke, Joel Reice, Steve Most, Bailey Ruona, Josh Gergen Commission Absent: Dave Hovel, Kate Otto Staff Present: City Administrator Matt Wolf, City Planner Luke Wiese Others Present: Louie Filkins of Ogden Engineering, Doug Erickson 1. Approve minutes for April 6th, 2026 Commissioner Ruona motioned to approve the minutes, Hovel seconded; motion passed without a negative voice vote (7-0) 2. Walnut Circle – Final Plat Planner Luke Wiese presented items related to the Walnut Circle Final Plat. The Final Plat includes a 600-foot cul-de-sac, nine single-family residential lots, water and sanitary sewer infrastructure, stormwater management facilities, an 8-foot multi-use trail, and a parkland dedication of approximately 23.9 acres for future park and open space purposes. The Plan Commission reviewed the Final Plat pursuant to City Code §510-12, the approved Preliminary Plat, and applicable subdivision requirements. Commissioner Ruona asked if there was any concern regarding drainage along the trail. Louis Filkins of Ogden Engineering stated that Ogden Engineering conducted soil borings on-site and confirmed that drainage would be directed to the proposed stormwater management facilities. Commissioner Ruona motioned to approve Resolution XX-26 to Council for approval; Gergen seconded. Motion passed without a negative voice (5-0). 3. Other Business City Administrator Wolf stated that following the recent approval of the ADU at 878 E. Washington Street, staff intends to review the City’s conditional uses within each zoning district and bring the item back to the Plan Commission at the June meeting. The review will focus on whether certain conditional uses remain appropriate within the intended purpose of each zoning district. Wolf noted that under Wisconsin Act 67, once a use is listed as a conditional use within a zoning district, the Plan Commission’s review of a specific application is focused on whether the applicant meets the applicable ordinance standards and whether any reasonable, measurable conditions are needed. The review is not intended to re-decide, on a case-by-case basis, whether the use category itself belongs in the zoning district. Commissioner Gergen motioned to adjourn. Ruona seconded; motion passed without a negative voice vote (7-0). The meeting was adjourned at 6:09 PM. The next Plan Commission meeting will be held on Monday, June 1 st, 2026, at 6:00 PM at Prescott City Hall. Respectfully Submitted, Luke Wiese Planner May 5, 2026, TOURISM BOARD MEETING Pursuant to due call and notice thereof, The Prescott Tourism Committee Meeting was held on Tuesday, May 5, 2026, at First National Bank of River Falls, 151 Canton St, Prescott, WI 54021 Call to order/Roll Call: Megan Langer (President) called the meeting to order at 12:06 PM. Members present: Megan Langer, Chad Steger, Elizabeth Vetter, Beth Lansing, and Tracy Franek. Approve Minutes Beth Lansing motioned to approve the April 7 meeting minutes, Tracy Franek seconded. Old Business Discussion of Print Marketing for 2027, as it might be too late for promoting in 2026 tourism magazines in our area. Discussed starting a budget for print marketing in 2027, and possibly start out with one tourism magazine to see where it goes. Megan will contact Linda Shober for direction about print marketing. Prescott downtown map to be updated and printed out. New Business Grant Application for Prescott Historical Society, approved for $2,796.50. Motioned to approve by Chad Steger, seconded by Megan Langer. Chad will send letter of approval. Elizabeth Vetter proposed tourism merchandise; this is tabled for next meeting. Meeting Adjourned at 1:14 p.m. Respectfully Submitted, Elizabeth Vetter Prescott Chamber Board Member 2/07; Feb. Settlement not split out until 3/07 $4,500,000 $9,500,000 $14,500,000 $19,500,000 $24,500,000 Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Total City Cash Balances 2024 2025 2026 $1,500,000 $2,500,000 $3,500,000 $4,500,000 $5,500,000 $6,500,000 $7,500,000 $8,500,000 $9,500,000 Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec General Fund Cash Balances 2024 2025 2026 Revenues Actual Budget Difference % Collected Taxes 1,158,624 $ 1,842,127 $ 683,503 $ 62.9% Special Assessments 12,347 $ 16,905 $ 4,558 $ 73.0% Intergovernmental 155,088 $ 817,252 $ 662,164 $ 19.0% License & Permits 54,399 $ 127,500 $ 73,101 $ 42.7% Fines, Forfeits & Penalties 41,610 $ 110,000 $ 68,390 $ 37.8% Public Charges for Services 23,833$ 105,425 $ 81,592 $ 22.6% Interest Income 105,495 $ 100,000 $ (5,495) $ 105.5% Reserves used 29,869 $ 70,348 $ 40,479 $ 42.5% Miscellaneous Income 49,458 $ 87,441 $ 37,983 $ 56.6% Transfer from Tif #5 - $ 166,000$ 166,000 $ 0.0% TOTAL 1,630,722 $ 3,442,998 $ 1,812,276 $ 47.4% Expenditures Actual Budget Difference % Spent General Government 305,027 $ 768,835 $ 463,808 $ 39.7% Public Safety - Police 535,137 $ 1,725,592$ 1,190,455 $ 31.0% Emergency Government 128,917 $ 286,834 $ 157,917 $ 44.9% Animal Control 210 $ 2,000$ 1,790 $ 10.5% Public Works 139,061 $ 399,922 $ 260,861 $ 34.8% Culture, Rec., & Edu. 59,234 $ 253,490 $ 194,256 $ 23.4% Conservation & Devel. 3,495 $ 6,325 $ 2,830 $ 55.3% Transfer out to Other Funds - $ - $ - $ 0.0% TOTAL 1,171,081 $ 3,442,998 $ 2,271,917 $ 34.0% Transfer Out -$ - $ TOTAL 1,171,081 $ 3,442,998 $ 2,271,917$ 34.0% Net Revenue/Expense 4/30/2026 34% of wages have been paid out for the year 33% of monthly payments have been paid (fuel, Excel, St. Croix gas, Phones, etc.) General Fund Budget Comparison Apr-26 459,641$ CITY OF PRESCOTT Paid Invoice Report Page: 1 Payment due dates: 4/1/2026 - 4/30/2026 May 07, 2026 10:34AM Report Criteria: Detail report type printed Name Invoice No Description Inv Date Invoice Amt Check Amt Check No Chk Date AT&T MOBILITY 287298246042X04012026 POLICE WIRELESS 03/23/2026 790.89 790.89 2545 04/15/2026 287298246042X04012026 Public Works telephone 03/23/2026 36.99 36.99 2545 04/15/2026 287335833093X03282026 Public Works telephone 03/28/2026 71.25 71.25 2545 04/15/2026 287335833093X03282026 WELL #3 03/28/2026 192.66 192.66 2545 04/15/2026 Total 39: 1,091.79 1,091.79 JOHN DEERE FINANCIAL 030126-033126 REPAIR & MAINTENANCE- VBELT & C 03/31/2026 64.46 64.46 82495 04/15/2026 Total 53: 64.46 64.46 VESTIS (formerly ARAMA 2500935458 RUG CLEANING-WWTP 03/16/2026 246.08 246.08 82513 04/15/2026 Total 110: 246.08 246.08 AUTO WORKS OF PRESC 9261 2019 FORD INTERCEPTOR 04/20/2026 732.97 732.97 Multiple Multiple Total 330: 732.97 732.97 XCEL ENERGY 974149183 809 HILTON ST 04/17/2026 504.48 504.48 2562 04/30/2026 974160952 STREET LIGHTS/ AUTO PROTECTIVE 04/17/2026 16.48 16.48 2562 04/30/2026 974180881 221 2ND ST 04/17/2026 37.88 37.88 2562 04/30/2026 974261898 POLICE 04/20/2026 808.07 808.07 2562 04/30/2026 974261898 PUBLIC WORKS 04/20/2026 392.20 392.20 2562 04/30/2026 974261898 STREET LIGHTS 04/20/2026 5,146.53 5,146.53 2562 04/30/2026 974261898 PARKS 04/20/2026 137.59 137.59 2562 04/30/2026 974261898 FIRE 04/20/2026 357.41 357.41 2562 04/30/2026 974261898 FREEDOM PARK 04/20/2026 277.28 277.28 2562 04/30/2026 974261898 WATER 04/20/2026 3,695.21 3,695.21 2562 04/30/2026 974261898 SEWER 04/20/2026 153.30 153.30 2562 04/30/2026 Total 407: 11,526.43 11,526.43 COMMERCIAL TESTING L 78100 WATER TESTING 12/30/2025 1,187.00 1,187.00 Multiple Multiple 78429 WATER TESTING 01/31/2026 1,329.40 1,329.40 Multiple Multiple 79104 SEWER EXPENSE 03/31/2026 1,289.60 1,289.60 82479 04/15/2026 79105 WATER TESTING 03/31/2026 1,718.60 1,718.60 82479 04/15/2026 Total 764: 5,524.60 5,524.60 CEDAR CORPORATION 127021 FIRE FLOW TEST FOR WIMAN CORP 12/23/2025 735.00 735.00 82473 04/15/2026 127982 1054 WACOTA SURVEYING 03/24/2026 145.00 145.00 82473 04/15/2026 127983 WALNUT CIRCLE SITE PLAN REVIEW 03/24/2026 752.50 752.50 Multiple Multiple 127983 THE BLUFFS SITE PLAN REVIEW 03/24/2026 967.50 967.50 Multiple Multiple 127983 GREAT RIVERS TRAFFIC STUDY REVI 03/24/2026 322.50 322.50 Multiple Multiple 127984 COMP PLAN UPDATES 03/24/2026 2,445.75 2,445.75 82473 04/15/2026 Total 774: 5,368.25 5,368.25 CERNOHOUS CHEVROL 531312 FIRE/VEHICLE REPAIR 03/26/2026 309.95 309.95 82474 04/15/2026 531640 2023 CHEVY TRAVERSE 04/21/2026 484.95 484.95 Multiple Multiple 532091 2022 CHEVROLET TRAVERSE 04/23/2026 139.90 139.90 Multiple Multiple Total 790: 934.80 934.80 CITY OF PRESCOTT Paid Invoice Report Page: 2 Payment due dates: 4/1/2026 - 4/30/2026 May 07, 2026 10:34AM Name Invoice No Description Inv Date Invoice Amt Check Amt Check No Chk Date WEST CENTRAL WI BIOS 041326 BIOSOLIDS PLANT EXPENSE 04/13/2026 14,091.10 14,091.10 Multiple Multiple Total 797: 14,091.10 14,091.10 BNSF RAILWAY BF-20548169 BNSF EASEMENT AGR- ADMIN FEE 04/14/2026 2,500.00 2,500.00 82466 04/14/2026 BF-20548169 BNSF EASEMENT AGR- EASEMENT F 04/14/2026 7,500.00 7,500.00 82466 04/14/2026 Total 1059: 10,000.00 10,000.00 NORTHERN LAKE SERVI 2604277 PFAS 03/20/2026 600.00 600.00 Multiple Multiple 2605786 PERFLUORINATED CHEMICALS / FEE 04/15/2026 460.00 460.00 Multiple Multiple 2606624 PERFLUORINATED CHEMICALS / FEE 04/27/2026 1,100.00 1,100.00 Multiple Multiple Total 1157: 2,160.00 2,160.00 TOSHIBA BUSINESS SOL 6781513 FIRE COPIER EXPENSE 03/02/2026 2.21 2.21 2564 04/30/2026 Total 1225: 2.21 2.21 HEYWOOD, CARI & AND 7184 FEBRUARY & MARCH 2026 04/07/2026 3,800.00 3,800.00 82490 04/15/2026 Total 1260: 3,800.00 3,800.00 HASTINGS AUTOMOTIVE, 49420 2020 FORD EXPLORER 04/20/2026 1,562.04 1,562.04 Multiple Multiple Total 1268: 1,562.04 1,562.04 NEELY , JESSE 040826 REIMBURESMEN TRAVEL REIMBURSEMENT 04/08/2026 129.30 129.30 82500 04/15/2026 Total 1295: 129.30 129.30 EARL F. ANDERSON 0142428-IN LIGHT POLE SIGNS 04/15/2026 216.25 216.25 82482 04/15/2026 Total 1930: 216.25 216.25 HAWKINS, INC. 7380708 AZONE 15 04/03/2026 1,226.99 1,226.99 82489 04/15/2026 Total 2400: 1,226.99 1,226.99 COMCAST 040426-050326 EMS EMS 03/25/2026 8.76 8.76 2547 04/15/2026 040626-050526 FREEDO FREEDOM PARK 04/01/2026 123.43 123.43 2547 04/15/2026 041726-051626 221 2ND ST- WELLS 04/12/2026 103.43 103.43 2558 04/30/2026 042426-052326 WELLS 809 HILTON ST- WELLS 04/19/2026 103.43 103.43 2558 04/30/2026 Total 2626: 339.05 339.05 GRAINGER, INC. 9890712806 SEWER EXPENSE 04/23/2026 1,074.67 1,074.67 Multiple Multiple Total 2635: 1,074.67 1,074.67 CENTURY LINK 042026-051926 CITY CITY HALL 04/20/2026 46.30 46.30 2557 04/30/2026 042026-051926 CITY POLICE DEPARTMENT 04/20/2026 46.29 46.29 2557 04/30/2026 042026-051926 CITY CITY SHOP 04/20/2026 130.68 130.68 2557 04/30/2026 042026-051926 CITY FIRE 04/20/2026 115.24 115.24 2557 04/30/2026 042026-051926 CITY LIBRARY 04/20/2026 46.30 46.30 2557 04/30/2026 042026-051926 CITY WELLS 04/20/2026 108.72 108.72 2557 04/30/2026 042026-051926 CITY WWTP 04/20/2026 184.08 184.08 2557 04/30/2026 042026-051926 FREEDO FREEDOM PARK 04/20/2026 95.59 95.59 2557 04/30/2026 CITY OF PRESCOTT Paid Invoice Report Page: 3 Payment due dates: 4/1/2026 - 4/30/2026 May 07, 2026 10:34AM Name Invoice No Description Inv Date Invoice Amt Check Amt Check No Chk Date Total 2810: 773.20 773.20 RYAN & GORDY'S GLASS 1-27345 2015 FORD EXPLORER 04/07/2026 1,003.02 1,003.02 82509 04/15/2026 Total 2910: 1,003.02 1,003.02 JOHNSON'S SANITATION, 6297 FREEDOM PARK 03/18/2026 125.00 125.00 82496 04/15/2026 6297 BOAT LAUNCH 03/18/2026 125.00 125.00 82496 04/15/2026 6297 ANDREA PARK/PEARL ST 03/18/2026 125.00 125.00 82496 04/15/2026 6297 PUBLIC SQUARE 03/18/2026 125.00 125.00 82496 04/15/2026 Total 3950: 500.00 500.00 PIERCE PEPIN COOPERA 0228-0331 COMPOST ELECTRICAL SERVICE AT COMPOST 04/10/2026 74.99 74.99 2548 04/15/2026 0228-0331 FIRE OAK GROVE FIRE STATION 04/10/2026 158.55 158.55 2548 04/15/2026 Total 5234: 233.54 233.54 PIERCE CTY HIGHWAY D 260026 ROADWAY SUPPLIES 04/06/2026 350.34 350.34 82502 04/15/2026 260057 ROADWAY SUPPLIES 04/06/2026 860.80 860.80 82502 04/15/2026 Total 6220: 1,211.14 1,211.14 PIERCE CTY TREASURE MARCH 2026 court fines & fees due county 03/31/2026 1,316.22 1,316.22 82503 04/15/2026 Total 6230: 1,316.22 1,316.22 ST CROIX GAS 022826- 033126 STATEME 192 FLORA 04/01/2026 55.36 55.36 2551 04/15/2026 022826- 033126 STATEME 800 BORNER - CABLE 5% 04/01/2026 24.06 24.06 2551 04/15/2026 022826- 033126 STATEME 800 BORNER - COURT 5% 04/01/2026 24.06 24.06 2551 04/15/2026 022826- 033126 STATEME 800 BORNER - LIBRARY 04/01/2026 216.50 216.50 2551 04/15/2026 022826- 033126 STATEME 800 BORNER - CITY SIDE 04/01/2026 216.50 216.50 2551 04/15/2026 022826- 033126 STATEME 840 HILTON ST 04/01/2026 169.32 169.32 2551 04/15/2026 022826- 033126 STATEME 1603 PINE ST 04/01/2026 237.12 237.12 2551 04/15/2026 022826- 033126 STATEME 260 FLORA 04/01/2026 314.73 314.73 2551 04/15/2026 022826- 033126 STATEME 515 JEFFERSON 04/01/2026 451.76 451.76 2551 04/15/2026 022826- 033126 STATEME 1004 DEXTER ST N 04/01/2026 78.43 78.43 2551 04/15/2026 022826- 033126 STATEME 1601 PINE ST N 04/01/2026 91.01 91.01 2551 04/15/2026 022826- 033126 STATEME 1155 & 1109 JEFFERSON 04/01/2026 328.70 328.70 2551 04/15/2026 022826- 033126 STATEME 200 MONROE 04/01/2026 166.52 166.52 2551 04/15/2026 Total 6450: 2,374.07 2,374.07 PRESCOTT AREA CHAMB 2026 SPONSORSHIP BANNER SPONSORSHIP 04/22/2026 300.00 300.00 Multiple Multiple Total 6688: 300.00 300.00 VERIZON WIRELESS 6139326825 CITY HALL- PHONE 03/23/2026 209.07 209.07 2559 04/30/2026 6139326825 POLICE PHONE 03/23/2026 276.82 276.82 2559 04/30/2026 6139326825 FREEDOM PARK PHONE 03/23/2026 56.18 56.18 2559 04/30/2026 6139326825 LIBRARY PHONE 03/23/2026 57.11 57.11 2559 04/30/2026 6139326825 PUBLIC WORKS PHONE 03/23/2026 27.48 27.48 2559 04/30/2026 6139326825 COURT PHONE 03/23/2026 28.09 28.09 2559 04/30/2026 6139326825 CABLE PHONE 03/23/2026 27.46 27.46 2559 04/30/2026 Total 6801: 682.21 682.21 CITY OF PRESCOTT Paid Invoice Report Page: 4 Payment due dates: 4/1/2026 - 4/30/2026 May 07, 2026 10:34AM Name Invoice No Description Inv Date Invoice Amt Check Amt Check No Chk Date WI STATE LABORATORY 838059 WWTP test samples 03/31/2026 31.00 31.00 82515 04/15/2026 Total 6961: 31.00 31.00 WI DEPT OF JUSTICE - TI 455TIME-0000019686 QUARTERLY ACCESS CHARGE 04/10/2026 320.25 320.25 Multiple Multiple Total 9826: 320.25 320.25 BRAND, JAYNE LEO'S LANDING EXPENSES FOR LEO'S LANDING DEP 04/06/2026 238.14 238.14 82472 04/15/2026 Total 10070: 238.14 238.14 MENARDS - COTTAGE G 21999 CITY HALL 03/11/2026 144.99 144.99 Multiple Multiple 22114 SHOP SUPPLIES 03/13/2026 133.75 133.75 Multiple Multiple 22669A SHOP SUPPLIES 03/26/2026 19.97 19.97 82498 04/15/2026 22928 SEWER DEPT SUPPLIES 04/01/2026 56.89 56.89 82498 04/15/2026 22999 CITY HALL- SIDEWALK 04/02/2026 238.40 238.40 82498 04/15/2026 23154 MARKING PAINT- CITY HALL PARKING 04/06/2026 106.93 106.93 Multiple Multiple 23281 SEWER DEPT SUPPLIES 04/09/2026 171.97 171.97 82498 04/15/2026 23710 CITY HALL 04/17/2026 80.48 80.48 Multiple Multiple 23804 SEWER DEPT SUPPLIES 04/20/2026 167.19 167.19 Multiple Multiple Total 10181: 1,120.57 1,120.57 VAN PAPER COMPANY 140315 PUBLIC WORKS- PAPER SUPPLIES 04/20/2026 75.72 75.72 Multiple Multiple 140315 CITY HALL BATHROOM SUPPLIES 04/20/2026 88.45 88.45 Multiple Multiple Total 10375: 164.17 164.17 WI DEPT OF REVENUE TIF MAINTENANCE FEE TAX INCREMENTAL FINANCE REMITT 04/14/2026 1,000.00 1,000.00 2560 04/30/2026 Total 10388: 1,000.00 1,000.00 AUTOMATIC SYSTEMS C 044621 WELL PROGRAMMING UPDATES 02/19/2026 1,698.00 1,698.00 82470 04/15/2026 Total 10544: 1,698.00 1,698.00 CARDMEMBER SERVICE APRIL 2026 CITY RDO EQUIPMENT 04/09/2026 136.31 136.31 2556 04/30/2026 APRIL 2026 CITY PRINTER INK REFUND 04/09/2026 64.19- 64.19- 2556 04/30/2026 APRIL 2026 CITY PROGRAM SUPPLIES 04/09/2026 40.97 40.97 2556 04/30/2026 APRIL 2026 CITY BASKETBALL HOOP- PRO DUNK 04/09/2026 3,110.14 3,110.14 2556 04/30/2026 APRIL 2026 CITY ADOBE RENEWAL- R TEMMERS 04/09/2026 253.07 253.07 2556 04/30/2026 APRIL 2026 CITY DOMAIN PYMT FOR PRESCOTTWI.OR 04/09/2026 109.19 109.19 2556 04/30/2026 APRIL 2026 CITY 2026 SPRING ELECTION 04/09/2026 50.22 50.22 2556 04/30/2026 APRIL 2026 CITY 2026 SPRING ELECTION 04/09/2026 71.75 71.75 2556 04/30/2026 APRIL 2026 CITY STEAM SERIES SUPPLIES 04/09/2026 7.91 7.91 2556 04/30/2026 APRIL 2026 CITY CRAFT HOUR SUPPLIES 04/09/2026 14.96 14.96 2556 04/30/2026 APRIL 2026 CITY STEAM SERIES SUPPLIES 04/09/2026 3.39 3.39 2556 04/30/2026 APRIL 2026 CITY PROGRAM SUPPLIES- POKEMON 04/09/2026 22.99 22.99 2556 04/30/2026 APRIL 2026 CITY DISNEY 04/09/2026 21.09 21.09 2556 04/30/2026 APRIL 2026 CITY NETFLIX 04/09/2026 18.98 18.98 2556 04/30/2026 APRIL 2026 CITY ILL BOOK POSTAGE 04/09/2026 4.25 4.25 2556 04/30/2026 APRIL 2026 CITY ILL BOOK POSTAGE 04/09/2026 4.96 4.96 2556 04/30/2026 APRIL 2026 CITY SCBA'S- NRS 04/09/2026 696.20 696.20 2556 04/30/2026 APRIL 2026 CITY 2026 SPRING ELECTION 04/09/2026 23.59 23.59 2556 04/30/2026 APRIL 2026 CITY Postage 04/09/2026 89.12 89.12 2556 04/30/2026 APRIL 2026 CITY Postage 04/09/2026 42.13 42.13 2556 04/30/2026 APRIL 2026 CITY Postage 04/09/2026 45.37 45.37 2556 04/30/2026 CITY OF PRESCOTT Paid Invoice Report Page: 5 Payment due dates: 4/1/2026 - 4/30/2026 May 07, 2026 10:34AM Name Invoice No Description Inv Date Invoice Amt Check Amt Check No Chk Date APRIL 2026 CITY Postage 04/09/2026 146.09 146.09 2556 04/30/2026 APRIL 2026 CITY Postage 04/09/2026 11.95 11.95 2556 04/30/2026 APRIL 2026 CITY MAILCHIMP 04/09/2026 27.96 27.96 2556 04/30/2026 APRIL 2026 CITY Postage 04/09/2026 91.77 91.77 2556 04/30/2026 APRIL 2026 CITY Postage 04/09/2026 10.02 10.02 2556 04/30/2026 APRIL 2026 CITY Postage 04/09/2026 11.95 11.95 2556 04/30/2026 APRIL 2026 CITY Postage 04/09/2026 11.61 11.61 2556 04/30/2026 APRIL 2026 CITY BOAT LAUNCH PERMITS 04/09/2026 245.00 245.00 2556 04/30/2026 APRIL 2026 CITY Postage 04/09/2026 2.64 2.64 2556 04/30/2026 APRIL 2026 CITY HEYGOV FEE 04/09/2026 .91 .91 2556 04/30/2026 APRIL 2026 CITY PRINTER INK 04/09/2026 72.18 72.18 2556 04/30/2026 APRIL 2026 CITY AIR CLEANER 04/09/2026 78.00 78.00 2556 04/30/2026 APRIL 2026 CITY HOTSY PUMP 04/09/2026 372.23 372.23 2556 04/30/2026 APRIL 2026 CITY HOTSY PUMP 04/09/2026 372.23 372.23 2556 04/30/2026 APRIL 2026 CITY PRINTER INK 04/09/2026 68.36 68.36 2556 04/30/2026 MARCH 2026 POLICE PAPER SUPPLIES 03/31/2026 79.44 79.44 2546 04/15/2026 MARCH 2026 POLICE OFFICE SUPPLIES 03/31/2026 26.65 26.65 2546 04/15/2026 MARCH 2026 POLICE PAPER SUPPLIES 03/31/2026 56.30 56.30 2546 04/15/2026 MARCH 2026 POLICE NAME PLATES 03/31/2026 11.47 11.47 2546 04/15/2026 MARCH 2026 POLICE Postage 03/31/2026 23.74 23.74 2546 04/15/2026 MARCH 2026 POLICE CLEANING/PAPER SUPPLIES 03/31/2026 129.36 129.36 2546 04/15/2026 MARCH 2026 POLICE OFFICE SUPPLIES 03/31/2026 14.22 14.22 2546 04/15/2026 MARCH 2026 POLICE BATTERY CHARGER 03/31/2026 179.99 179.99 2546 04/15/2026 MARCH 2026 POLICE Postage 03/31/2026 7.55 7.55 2546 04/15/2026 MARCH 2026 POLICE COUNTRY INN- TRAINING 03/31/2026 98.00 98.00 2546 04/15/2026 Total 10655: 6,852.02 6,852.02 STATE OF WI COURT FIN MARCH 2026 COURT FINES DUE TO STATE 03/31/2026 3,757.77 3,757.77 82510 04/15/2026 Total 10877: 3,757.77 3,757.77 LUKE BUSKER MASONR 1764 FREEDOM PARK MASONRY REPAIRS 04/03/2026 32,760.00 32,760.00 82497 04/15/2026 Total 40022: 32,760.00 32,760.00 AMAZON CAPITAL SERVI 1971-LTFJ-JXFX AUDIO VISUAL 04/01/2026 258.79 258.79 82467 04/15/2026 1971-LTFJ-JXFX BOOKS 04/01/2026 1,575.44 1,575.44 82467 04/15/2026 Total 40031: 1,834.23 1,834.23 PYE & BARKER JI00373058 FIRE ALARM CONTROL PANEL UPDAT 03/12/2026 7,078.32 7,078.32 82504 04/15/2026 JI00373059 FIRE ALARM CONTROL PANEL UPDAT 03/12/2026 3,019.68 3,019.68 82504 04/15/2026 Total 40051: 10,098.00 10,098.00 HOFMEISTER OIL CO., LL 119611 SEWER FUEL 04/09/2026 2,333.72 2,333.72 82491 04/15/2026 119611 WATER FUEL 04/09/2026 2,333.72 2,333.72 82491 04/15/2026 Total 40070: 4,667.44 4,667.44 SCHOMMER, LEROY UTILITY REIMBURSEMEN REIMBURSEMENT ON ACCT#356000 04/27/2026 179.06 179.06 Multiple Multiple Total 40071: 179.06 179.06 BLUE, COLTON 042426 REIMBURSEMEN TRAVEL REIMBURSEMENT 04/24/2026 32.00 32.00 Multiple Multiple CITY OF PRESCOTT Paid Invoice Report Page: 6 Payment due dates: 4/1/2026 - 4/30/2026 May 07, 2026 10:34AM Name Invoice No Description Inv Date Invoice Amt Check Amt Check No Chk Date Total 40072: 32.00 32.00 MAROLT, MEGAN 042826 SOURDOUGH SOURDOUGH WORKSHOP SUPPLIES 04/28/2026 50.00 50.00 Multiple Multiple Total 40073: 50.00 50.00 CITY OF PRESCOTT- UTIL 2026 1ST QTR 221 2ND ST 03/31/2026 130.57 130.57 82476 04/15/2026 2026 1ST QTR 2ND STREET LIFT STATION 03/31/2026 58.14 58.14 82476 04/15/2026 2026 1ST QTR WATER/BEACH 03/31/2026 150.46 150.46 82476 04/15/2026 2026 1ST QTR WATER/PINE GLEN 03/31/2026 12.39 12.39 82476 04/15/2026 2026 1ST QTR WATER/CITY HALL 03/31/2026 184.06 184.06 82476 04/15/2026 2026 1ST QTR WATER/LIBRARY PORTION 03/31/2026 184.05 184.05 82476 04/15/2026 2026 1ST QTR WATER/TENNIS COURTS 03/31/2026 73.44 73.44 82476 04/15/2026 2026 1ST QTR WATER TOWER 03/31/2026 74.88 74.88 82476 04/15/2026 2026 1ST QTR WATER/WWTP 03/31/2026 5,732.46 5,732.46 82476 04/15/2026 2026 1ST QTR FREEDOM PARK - SPRINKLER 03/31/2026 18.39 18.39 82476 04/15/2026 2026 1ST QTR WATER/MERCORD MILL PARK 03/31/2026 15.30 15.30 82476 04/15/2026 2026 1ST QTR ORANGE STREET PARKING LOT 03/31/2026 47.43 47.43 82476 04/15/2026 2026 1ST QTR POLICE DEPARTMENT 03/31/2026 224.96 224.96 82476 04/15/2026 2026 1ST QTR WATER/QUONSET 03/31/2026 144.34 144.34 82476 04/15/2026 2026 1ST QTR STORM WATER/SKATE PARK 03/31/2026 55.08 55.08 82476 04/15/2026 2026 1ST QTR WATER/CABLE PORTION 03/31/2026 20.45 20.45 82476 04/15/2026 2026 1ST QTR WATER/COURT PORTION 03/31/2026 20.45 20.45 82476 04/15/2026 2026 1ST QTR WATER/ CITY SHOP 03/31/2026 451.96 451.96 82476 04/15/2026 2026 1ST QTR WATER/POLICE & EMS 03/31/2026 240.79 240.79 82476 04/15/2026 2026 1ST QTR WATER/FIRE HALL 03/31/2026 607.64 607.64 82476 04/15/2026 2026 1ST QTR WATER/FREEDOM PARK 03/31/2026 720.32 720.32 82476 04/15/2026 Total 99997: 9,167.56 9,167.56 COMPENSATION CONSU 0006155 ADMINISTRATOR 04/01/2026 4.88 4.88 82480 04/15/2026 0006155 ADMINISTRATION 04/01/2026 4.88 4.88 82480 04/15/2026 0006155 LIBRARY - FEE FOR HRA 04/01/2026 4.88 4.88 82480 04/15/2026 0006155 TREASURER - FEE FOR HRA 04/01/2026 4.88 4.88 82480 04/15/2026 0006155 SEWER-HEALTH INS 04/01/2026 4.88 4.88 82480 04/15/2026 0006155 WATER - FEE FOR HRA 04/01/2026 4.88 4.88 82480 04/15/2026 0006155 PUBLIC WORKS - FEE FOR HRA 04/01/2026 19.53 19.53 82480 04/15/2026 0006155 POLICE ADMIN - FEE FOR HRA 04/01/2026 9.76 9.76 82480 04/15/2026 0006155 POLICE OFFICERS 04/01/2026 24.43 24.43 82480 04/15/2026 Total 200996: 83.00 83.00 TRACTOR SUPPLY COMP MARCH 2026 CITY REPAIR 03/31/2026 14.99 14.99 2553 04/15/2026 MARCH 2026 CITY REPAIR- FILTERS 03/31/2026 21.99 21.99 2553 04/15/2026 MARCH 2026 CITY REPAIR 03/31/2026 6.99 6.99 2553 04/15/2026 MARCH 2026 CITY SHOP SUPPLIES 03/31/2026 13.98 13.98 2553 04/15/2026 MARCH 2026 CITY SHOP SUPPLIES 03/31/2026 6.99 6.99 2553 04/15/2026 MARCH 2026 CITY WATER/SHOP 03/31/2026 6.78 6.78 2553 04/15/2026 MARCH 2026 CITY SHOP SUPPLIES- BAR CHAIN COMB 03/31/2026 54.99 54.99 2553 04/15/2026 MARCH 2026 CITY SHOP SUPPLIES- WASH WAX 03/31/2026 9.99 9.99 2553 04/15/2026 MARCH 2026 CITY STREET SWEEPER 03/31/2026 8.99 8.99 2553 04/15/2026 MARCH 2026 CITY SHOP SUPPLIES 03/31/2026 35.96 35.96 2553 04/15/2026 MARCH 2026 CITY SAFETY VESTS 03/31/2026 171.94 171.94 2553 04/15/2026 MARCH 2026 CITY PLOW 03/31/2026 89.98 89.98 2553 04/15/2026 MARCH 2026 CITY REPAIR 03/31/2026 14.99 14.99 2553 04/15/2026 CITY OF PRESCOTT Paid Invoice Report Page: 7 Payment due dates: 4/1/2026 - 4/30/2026 May 07, 2026 10:34AM Name Invoice No Description Inv Date Invoice Amt Check Amt Check No Chk Date Total 474772: 458.56 458.56 WELD RILEY 111413 WALNUT CIRCLE DEVELOPMENT AG 04/06/2026 265.50 265.50 82514 04/15/2026 111413 THE BLUFFS DEVELOPMENT AGREE 04/06/2026 295.00 295.00 82514 04/15/2026 111413 RAILROAD AGREEMENT 04/06/2026 413.00 413.00 82514 04/15/2026 111413 TID #6 AMENDMENT 04/06/2026 737.50 737.50 82514 04/15/2026 111413 GENERAL LEGAL 04/06/2026 1,534.00 1,534.00 82514 04/15/2026 Total 474873: 3,245.00 3,245.00 PITNEY BOWES, INC. 040126 POSTAGE MACHINE 04/01/2026 1,000.00 1,000.00 2549 04/15/2026 1029221017 POSTAGE MACHINE METER RENTAL 04/01/2026 135.75 135.75 2563 04/30/2026 Total 475018: 1,135.75 1,135.75 MOST, PAUL 042926 EVENT TAPING 04/29/2026 135.00 135.00 Multiple Multiple Total 475045: 135.00 135.00 CINTAS CORPORATION 033126 STATEMENT PUBLIC WORKS UNIFORM 03/31/2026 149.40 149.40 82475 04/15/2026 033126 STATEMENT PW UNIFORM 03/31/2026 149.41 149.41 82475 04/15/2026 033126 STATEMENT SEWER - UNIFORM SHIRTS 03/31/2026 149.41 149.41 82475 04/15/2026 Total 475162: 448.22 448.22 EHLERS 105924 REVIEW OF THE BLUFFS DA 04/07/2026 350.00 350.00 82483 04/15/2026 Total 475186: 350.00 350.00 RIVER COUNTRY COOPE 304478 FIRE DEPT NATURAL GAS 04/21/2026 862.60 862.60 Multiple Multiple Total 475275: 862.60 862.60 ALL CROIX INSPECTION 6889 UDC INSPECTION 03/31/2026 8,085.40 8,085.40 82460 04/08/2026 6890 FIRE ALARM INSPECTION- CITY HALL 03/31/2026 180.00 180.00 82460 04/08/2026 Total 475328: 8,265.40 8,265.40 JOHNSON BLOCK & CO, I 536479 AUDIT EXPENSE - GENERAL FUND 04/27/2026 19,740.00 19,740.00 Multiple Multiple 536479 AUDIT EXPENSE - SEWER DEPT 04/27/2026 2,820.00 2,820.00 Multiple Multiple 536479 AUDIT EXPENSE - WATER DEPT 04/27/2026 2,820.00 2,820.00 Multiple Multiple 536479 AUDIT EXPENSE - STORM SEWER 04/27/2026 2,820.00 2,820.00 Multiple Multiple Total 475334: 28,200.00 28,200.00 EO JOHNSON INV1934114 LIBRARY EXPENSE 03/27/2026 409.49 409.49 82486 04/15/2026 Total 475389: 409.49 409.49 IMM, LAWRENCE APRIL 2026 COORDINATOR SALARY 04/15/2026 2,050.00 2,050.00 Multiple Multiple Total 475477: 2,050.00 2,050.00 CONTOUR LAWNS, INC. 61103 CITY HALL- GRASS CONTROL & FERT 04/11/2026 360.00 360.00 82481 04/15/2026 Total 2011116: 360.00 360.00 CITY OF PRESCOTT Paid Invoice Report Page: 8 Payment due dates: 4/1/2026 - 4/30/2026 May 07, 2026 10:34AM Name Invoice No Description Inv Date Invoice Amt Check Amt Check No Chk Date MARK F. MORAN 042826 APPRAISAL 2026 APPRAISAL EVENT 04/28/2026 450.00 450.00 Multiple Multiple Total 2011125: 450.00 450.00 METRO SALES, INC. INV3068589 RICOH CONTRACT 04/17/2026 1,100.12 1,100.12 Multiple Multiple Total 2011126: 1,100.12 1,100.12 RIVERTOWN TREE SERV 15960 TREE SERVICE- REMOVAL 04/07/2026 3,200.00 3,200.00 82507 04/15/2026 Total 2011135: 3,200.00 3,200.00 STEEL TOWNE RF 2170152 MAGEE PARK 03/27/2026 47.46 47.46 82511 04/15/2026 Total 2011157: 47.46 47.46 ULINE 206558150 BADGE SUPPLIES 04/09/2026 332.79 332.79 Multiple Multiple Total 2011222: 332.79 332.79 HYDROCORP LLC CI-12438 MUNI COMMERCIAL CCC PROGRAM 04/08/2026 5,213.30 5,213.30 82493 04/15/2026 Total 2011248: 5,213.30 5,213.30 WI DEPT OF REVENUE - Q1 2026 SALES TAX Q1 2026 SALES TAX 03/31/2026 254.28 254.28 2561 04/30/2026 Total 2011263: 254.28 254.28 QUALITY FLOW SYSTEM 50920 SEWER REPAIR/MAINT 04/23/2026 582.00 582.00 Multiple Multiple Total 2011280: 582.00 582.00 TRANSUNION RISK/ALT 6656813-202603-1 CONTRACTUAL SERVICES 04/01/2026 100.00 100.00 82512 04/15/2026 Total 2011298: 100.00 100.00 WEX BANK 111602863 WATER 03/31/2026 165.34 165.34 2554 04/15/2026 111602863 SEWER DEPT FUEL 03/31/2026 352.28 352.28 2554 04/15/2026 111602863 PUBLIC WORKS FUEL 03/31/2026 3,225.00 3,225.00 2554 04/15/2026 111602863 STORM SEWER FUEL 03/31/2026 439.82 439.82 2554 04/15/2026 111602863 POLICE DEPT FUEL 03/31/2026 1,809.40 1,809.40 2554 04/15/2026 111602863 FIRE DEPT FUEL 03/31/2026 180.73 180.73 2554 04/15/2026 Total 2011302: 6,172.57 6,172.57 PIERCE COUNTY CLERK 023-2026 EXPRESSVOTE RENTAL 04/24/2026 500.00 500.00 Multiple Multiple Total 2011304: 500.00 500.00 STATE OF WI DEPT OF N 042026 CERTIFICATION M BRAND & J KINNEMAN TRAINING 04/20/2026 75.00 75.00 82517 04/20/2026 Total 2011362: 75.00 75.00 AXON ENTERPRISE, INC INUS434390 VEHICLE SIGNAL 03/31/2026 279.00 279.00 82471 04/15/2026 Total 2011441: 279.00 279.00 CIVICPLUS LLC 366863 ANNUAL FEE-2026 04/01/2026 8,484.33 8,484.33 82477 04/15/2026 CITY OF PRESCOTT Paid Invoice Report Page: 9 Payment due dates: 4/1/2026 - 4/30/2026 May 07, 2026 10:34AM Name Invoice No Description Inv Date Invoice Amt Check Amt Check No Chk Date Total 2011494: 8,484.33 8,484.33 AQUAFIX IN023750 DE-FOAMER/DE-GREASER 04/24/2026 556.96 556.96 Multiple Multiple Total 2011513: 556.96 556.96 AUTO VALUE - ELLSWOR 61167463 BATTERY 03/30/2026 537.98 537.98 82469 04/15/2026 Total 2011517: 537.98 537.98 TEAM LABORATORY CHE INV0051310 SPRAY PAINT 04/20/2026 120.00 120.00 Multiple Multiple INV0051352 SPRAY PAINT 04/24/2026 120.00 120.00 Multiple Multiple Total 2011567: 240.00 240.00 NAPA AUTO PARTS MARCH 2026 SHOP SUPPLIES- HOSE FITTINGS 03/31/2026 343.54 343.54 82499 04/15/2026 MARCH 2026 SHOP SUPPLIES- ADAPTERS 03/31/2026 7.42 7.42 82499 04/15/2026 MARCH 2026 SEWER MAINTENANCE 03/31/2026 9.49 9.49 82499 04/15/2026 Total 2011593: 360.45 360.45 REIFF, ERICA 165 YOGA CLASS FOR LIBRARY 04/30/2026 315.00 315.00 Multiple Multiple Total 2011594: 315.00 315.00 PSN 323892 WATER 04/02/2026 19.92 19.92 2550 04/15/2026 323892 SEWER 04/02/2026 19.91 19.91 2550 04/15/2026 323892 STORM 04/02/2026 19.92 19.92 2550 04/15/2026 Total 2011603: 59.75 59.75 COMPUTER INTEGRATIO 513436 FIRE 04/13/2026 166.95 166.95 Multiple Multiple 513436 GF DATA PROC 04/13/2026 634.04 634.04 Multiple Multiple 513436 WATER 04/13/2026 51.82 51.82 Multiple Multiple 513436 SEWER 04/13/2026 51.82 51.82 Multiple Multiple 513436 STORM 04/13/2026 17.27 17.27 Multiple Multiple 513436 CABLE 04/13/2026 10.50 10.50 Multiple Multiple 513436 WWTP 04/13/2026 24.15 24.15 Multiple Multiple 513777 FIRE 04/15/2026 228.29 228.29 Multiple Multiple 513777 GF DATA PROC 04/15/2026 1,805.52 1,805.52 Multiple Multiple 513777 WATER 04/15/2026 102.36 102.36 Multiple Multiple 513777 SEWER 04/15/2026 148.51 148.51 Multiple Multiple 513777 STORM 04/15/2026 28.32 28.32 Multiple Multiple Total 2011610: 3,269.55 3,269.55 COMPANION ANIMAL CO APRIL 2026 CONTRACT 04/29/2026 70.00 70.00 Multiple Multiple Total 2011649: 70.00 70.00 ESRI 900226555 ESRI GIS SOFTWARE SUBSCRIPTION 03/31/2026 987.50 987.50 82487 04/15/2026 900226555 ESRI GIS SOFTWARE SUBSCRIPTION 03/31/2026 987.50 987.50 82487 04/15/2026 900226555 ESRI GIS SOFTWARE SUBSCRIPTION 03/31/2026 987.50 987.50 82487 04/15/2026 900226555 ESRI GIS SOFTWARE SUBSCRIPTION 03/31/2026 987.50 987.50 82487 04/15/2026 Total 2011676: 3,950.00 3,950.00 CITY OF PRESCOTT Paid Invoice Report Page: 10 Payment due dates: 4/1/2026 - 4/30/2026 May 07, 2026 10:34AM Name Invoice No Description Inv Date Invoice Amt Check Amt Check No Chk Date WORLDPAY MAR 2026 CC fees 03/31/2026 527.36 527.36 2555 04/15/2026 Total 2011683: 527.36 527.36 RDO EQUIPMENT CO P8467201 HYDRAULIC CYLINDER 04/07/2026 136.31 136.31 82505 04/15/2026 Total 2011756: 136.31 136.31 HOMETOWN ACE HARD MARCH 2026 FIREHALL MAINTENANCE 03/31/2026 22.78 22.78 82492 04/15/2026 MARCH 2026 SEWER 03/31/2026 22.76 22.76 82492 04/15/2026 MARCH 2026 SEWER 03/31/2026 13.84 13.84 82492 04/15/2026 MARCH 2026 WATER HEATER 03/31/2026 54.86 54.86 82492 04/15/2026 MARCH 2026 WATER HEATER 03/31/2026 24.85 24.85 82492 04/15/2026 MARCH 2026 SHOP SUPPLIES 03/31/2026 17.77 17.77 82492 04/15/2026 MARCH 2026 SHOP SUPPLIES 03/31/2026 4.08 4.08 82492 04/15/2026 MARCH 2026 SHOP SUPPLIES 03/31/2026 6.26 6.26 82492 04/15/2026 MARCH 2026 SEWER 03/31/2026 24.68 24.68 82492 04/15/2026 MARCH 2026 VACUUM- POLICE DEPT 03/31/2026 99.99 99.99 82492 04/15/2026 MARCH 2026 SEWER 03/31/2026 15.02 15.02 82492 04/15/2026 MARCH 2026 SHOP SUPPLIES 03/31/2026 1.99 1.99 82492 04/15/2026 Total 2011771: 308.88 308.88 HOVE, CHRISTOPHER 042926 EVENT TAPING 04/29/2026 90.00 90.00 Multiple Multiple Total 2011780: 90.00 90.00 HOVE, HEATHER 042926 EVENT TAPING 04/29/2026 45.00 45.00 Multiple Multiple Total 2011781: 45.00 45.00 PETERSON, LUKE 042926 EVENT TAPING 04/29/2026 45.00 45.00 Multiple Multiple Total 2011791: 45.00 45.00 WT.COX INFORMATION S 3164468 SERIALS/PERIODICALS 04/27/2026 372.69 372.69 Multiple Multiple Total 2011868: 372.69 372.69 OSO CLEAN 22958 Library Cleaning Services 03/01/2026 365.00 365.00 82501 04/15/2026 22958 City Hall Cleaning Services 03/01/2026 365.00 365.00 82501 04/15/2026 23041 Library Cleaning Services 04/01/2026 365.00 365.00 82501 04/15/2026 23041 City Hall Cleaning Services 04/01/2026 365.00 365.00 82501 04/15/2026 23042 Freedom Park Cleaning Services 04/01/2026 455.00 455.00 82501 04/15/2026 Total 2011885: 1,915.00 1,915.00 JENNINGS, TRACY 040726 ELECTION ELECTION 04/07/2026 126.00 126.00 82494 04/15/2026 Total 2011906: 126.00 126.00 ARNSTON, ANDREA 040726 ELECTION ELECTION 04/07/2026 140.00 140.00 82468 04/15/2026 Total 2011907: 140.00 140.00 ALEX AIR APPARATUS 2 10746 SCBA TESTING 03/31/2026 3,195.54 3,195.54 Multiple 04/15/2026 10747 SCBA 03/31/2026 876.00 876.00 Multiple 04/15/2026 CITY OF PRESCOTT Paid Invoice Report Page: 11 Payment due dates: 4/1/2026 - 4/30/2026 May 07, 2026 10:34AM Name Invoice No Description Inv Date Invoice Amt Check Amt Check No Chk Date Total 2011914: 4,071.54 4,071.54 RUSH MEDIA COMPANY 2026-354 2026 WIAA SEASON 04/07/2026 350.00 350.00 82508 04/15/2026 Total 2011932: 350.00 350.00 ENTITY HELPER 1183 2-CYCLE SAM REGISTRATION RENE 04/21/2026 1,200.00 1,200.00 Multiple Multiple Total 2011960: 1,200.00 1,200.00 ENVIRONMENTAL EQUIP 25824 SET OF 4 SEGMENTED STEEL GUTTE 04/13/2026 340.00 340.00 82485 04/15/2026 25878 HEAVY DUTY SUCTION HOSE 04/24/2026 679.00 679.00 Multiple Multiple Total 2011971: 1,019.00 1,019.00 RIDGELINE UTILITY CO L 2084 WATER METER TESTING/CALIBRATIO 04/03/2026 1,605.00 1,605.00 82506 04/15/2026 2092 WATER METER TESTING/CALIBRATIO 04/17/2026 395.00 395.00 Multiple Multiple Total 2011993: 2,000.00 2,000.00 EMS MANAGEMENT & C EMS-024501 COLLECTIONS AND A/R SERVICES 03/31/2026 109.67 109.67 82484 04/15/2026 Total 2011995: 109.67 109.67 FLASHPARKING, INC INV1090431 SOFTWARE RENEWAL 11/30/2025 1,348.20 1,348.20 82488 04/15/2026 Total 2011999: 1,348.20 1,348.20 ST CROIX SPOTLESS 1245 FREEDOM PARK WINDOW CLEANING 04/24/2026 300.00 300.00 Multiple Multiple Total 2024318: 300.00 300.00 FLOCK GROUP INC INV-92875 FLOCK SAFETY LPR- YEAR 2 04/27/2026 12,000.00 12,000.00 Multiple Multiple Total 2024324: 12,000.00 12,000.00 FIRE PREVENTION SERV SPRING 2026 FIRE SAFETY INSPECTIONS 04/20/2026 4,025.00 4,025.00 Multiple Multiple Total 2024346: 4,025.00 4,025.00 COLUMN SOFTWARE PB 040126 STATEMENT MEETING MINUTES 04/01/2026 1,352.03 1,352.03 82478 04/15/2026 040126 STATEMENT ELECTION NOTICE 04/01/2026 59.93 59.93 82478 04/15/2026 040126 STATEMENT AMENDMENT CHAPTER 470 SEWER 04/01/2026 59.93 59.93 82478 04/15/2026 Total 2024417: 1,471.89 1,471.89 SWIFTCURRENT CONNE 040126-043026 CITY HAL INTERNET - CITY HALL 04/01/2026 189.90 189.90 2552 04/15/2026 040126-043026 COMPOS INTERNET - COMPOST SITE 04/01/2026 149.95 149.95 2552 04/15/2026 040126-043026 FIRE INTERNET - FIRE DEPT 04/01/2026 69.95 69.95 2552 04/15/2026 Total 20245207: 409.80 409.80 Grand Totals: 256,619.50 256,619.50 CITY OF PRESCOTT Paid Invoice Report Page: 12 Payment due dates: 4/1/2026 - 4/30/2026 May 07, 2026 10:34AM Name Invoice No Description Inv Date Invoice Amt Check Amt Check No Chk Date Report Criteria: Detail report type printed To: Mayor and Council From: Matt Wolf, City Administrator Date: May 7, 2026 Subject: Issuance and Sale of 2026A Borrowing Promissory Notes Background As part of the City’s 2025–2031 Capital Improvement Plan (CIP), the City has identified two major capital projects requiring financing in 2026: • Orrin Road Improvements • Replacement of Fire Engine #2 The proposed 2026A borrowing would combine both projects into a single General Obligation Promissory Note issuance to reduce overall issuance costs and improve financing efficiency. Fire Engine Borrowing The Fire Association members from Prescott, Oak Grove, and Clifton held a joint meeting on January 14, 2026 and agreed to move forward with prepayment of Fire Engine #2 to Reliant Fire Apparatus, Inc., at a total cost of $1,045,414. This prepayment results in total savings of $147,730 for the Association members, of which $83,910.64 is attributed to the City of Prescott. In addition to the base cost of the engine, the Fire Department has identified accessory costs totaling $427,653.12. These costs are separate from the apparatus purchase price and are detailed below: Engine Accessories Qty Cost Total FMI - Fire Apparatus Comp Mgmt 1 $35,000.00 $35,000.00 Truck Radio Dual band (Dual Head) 1 $8,131.12 $8,131.12 Radio Install 1 $1,500.00 $1,500.00 Motorola APX Dual Band Radio 6 $5,400.00 $32,400.00 SCBA's 6 $16,475.00 $98,850.00 Loose Goods $204,372.00 $204,372.00 TNT - Extriction Tools Jaws, Cutter, Ram, Combi, chargers, and mounts $45,900.00 $45,900.00 Graphics $1,500.00 $1,500.00 $427,653.12 The cost allocation among the Association members, including both the engine and accessory costs, is summarized on the next page: Municipality % of Cost Prepayment Discount No Prepayment Discount Prescott 56.80% $836,692 $920,602.47 Oak Grove 31.80% $468,430 $515,407.72 Clifton 11.40% $167,928 $184,768.81 $1,473,049 $1,620,779.00 Based on these figures, the City’s borrowing for the fire engine would decrease from the originally estimated $955,000 to $836,692, resulting in a savings of $118,308. Because the Association has agreed to prepay the apparatus, the full payment of $1,045,414 will be due by the end of August 2026. Orrin Road Improvements Borrowing The CIP original scope of the Orrin Road project included a mill and overlay from Pearl Street to Dexter Street, along with the addition of a 10-foot-wide pedestrian trail. However, in 2024, the City received a Transportation Alternatives Program (TAP) grant for planning a pedestrian improvements along U.S. Highway 10. Based on that planning effort, the City Council approved a concept plan that includes the closure of Orrin Road on the east side of Campbell Street (see attached). Following approval of the concept plan, the City submitted a TAP grant application for design and construction. If awarded, the grant would cover approximately 80% of eligible project costs, requiring the City to fund the remaining 20%. The total estimated project cost is $5,980,000, resulting in a City share of approximately $1,196,000. The TAP grant would fund the pedestrian improvements, including trails or sidewalks; however, the mill and overlay of Orrin Road would remain a City responsibility regardless of whether the grant is awarded. The City is not expected to receive notification on the TAP grant until the end of June. Discussion The proposed borrowing would be issued as General Obligation Promissory Notes, Series 2026A. Based on preliminary information provided by Ehlers & Associates, Inc., the current financing assumptions include: • 20-year General Obligation Promissory Notes • Estimated True Interest Cost (TIC): 4.29%, including a 0.50% market cushion • Level annual debt service payments • 100% debt levy-supported • Estimated total principal and interest payments over the life of the borrowing: approximately $3,753,727 The City will experience a reduction in the debt levy of approximately $91,925 due to decreasing debt payments associated with the 2023A borrowing between 2026 and 2027. As a result, the estimated annual debt levy for 2027 is projected to be approximately $466,751, compared to the City’s current debt levy of approximately $376,484 in 2026. Additionally, the City has $20,332 in the 2026 Capital Fund budget that will be transferred to the debt levy in 2027. Therefore, the actual increase needed in the 2027 tax levy is estimated to be approximately $69,935. The City continues to maintain substantial General Obligation borrowing capacity under Wisconsin Statutes. With the proposed borrowing, the City is projected to be at approximately 35% of its total debt capacity, leaving an estimated remaining borrowing capacity of $23,127,003. Recommendation 1. Discuss the proposed 2026 borrowing for the Fire Engine and Orrin Road projects and identify any concerns with the proposed amounts. Attachments 1. Resolution 24-26 RESOLUTION 24-26 CITY OF PRESCOTT PIERCE COUNTY WISCONSIN RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF GENERAL OBLIGATION PROMISSORY NOTES, SERIES 2026A, OF THE CITY OF PRESCOTT, WISCONSIN BE IT RESOLVED, by the Common Council of the City of Prescott, Pierce County, Wisconsin (the “City”), as follows: Section 1. Under and pursuant to the provisions of Wisconsin Statutes, Section 67.12 (12), the Common Council of the City is authorized to issue and sell its general obligation promissory notes for any public purpose. Section 2. The Common Council of the City does hereby direct the issuance and sale of General Obligation Promissory Notes, Series 2026A, in an amount not to exceed $2,480,000 (the “Notes”), for the purpose of financing public purposes including (i) street improvements, including but not limited to, the reconstruction of Orrin Road; (ii) acquisition of a fire engine; and (iii) amounts necessary to pay for costs of issuance and underwriter’s discount (the “Project”). Section 3. The City’s administrative staff is hereby authorized and directed to work with Ehlers & Associates, Inc., municipal advisor to the City, and Fryberger, Buchanan, Smith & Frederick, P.A., bond counsel, to solicit bids and arrange for the sale of the Notes in substantial compliance with the Pre-Sale Report for the Notes provided by the municipal advisor. Notice of sale of the Notes shall be published in the competitive bid sale calendar of the Bond Buyer once prior to the bid opening. The bids for the sale of the Notes shall be received by Ehlers & Associates, Inc. on June 22, 2026 or such other date approved by the Mayor and Clerk, as set forth in the Pre-Sale Report, and consideration for the award of the Notes will be by the Common Council of the City at 6:00 p.m. central time on the same date. Section 4. The form, specifications and provisions for repayment of the Notes shall be set forth in a subsequent resolution of the Common Council. Section 5. The Common Council shall meet on June 22, 2026 or such other date approved by the Mayor and Clerk, in accordance with the notice of sale, to consider bids for the purchase of the Notes and to take whatever actions are necessary for the acceptance or rejection of the bids. Section 6. The City reasonably expects to reimburse itself for the payment of certain costs of the Project out of the proceeds of the Notes to be issued after the date of payment of such costs. This resolution constitutes a declaration of official intent under Treasury Regulations Section 1.150-2. Adopted this 11th day of May 2026. ________________________________ Michael H. Gerke, Mayor ATTEST: __________________________ Rashel Temmers, City Clerk To: Mayor Mike Gerke, City Council From: Luke Wiese, Planner Date: May 7, 2026 Subject: Walnut Circle Final Plat Background Pursuant to City Code §510-12, Doug Erickson and Ogden Engineering has submitted a Final Plat for Walnut Circle. A nine-lot single-family residential subdivision located near the intersection of Walnut and Dexter Street. The City Council approved the Preliminary Plat and Development Agreement for the project on March 23, 2026. Pursuant to City Code 510-12, the Plan Commission reviewed the Final Plat for conformance with the approved Preliminary Plat and applicable subdivision requirements. At its May 4, 2026 meeting, the Plan Commission recommended approval of the Walnut Circle Final Plat. Discussion The submitted Final Plat remains consistent with the approved Preliminary Plat. The Walnut Circle. subdivision will include nine single-family residential lots, the cul-de-sac, stormwater pond, and park dedication which will connect Walnut Circle to the Magee Park trail system are to be dedicated to the public. The Final Plat includes a minor adjustment between the public park dedication area and the stormwater management outlot. The overall development layout remains consistent with the approved Preliminary Plat. Item Preliminary Plat Final Plat Comments Residential Lots 9 lots 9 lots No Change. Outlot 1 – Public Park Dedication 23.302 acres 23.902 acres Park dedication area increased by approximately 0.600 acre Outlot 2 – Stormwater Management Pond 4.001 acres 3.386 acres Stormwater outlot area decreased because a portion was shifted into the park dedication area. Zoning & Lot Layout The property is zoned R-1 Mixed Residential. The R-1 district requires a minimum lot area of 8,500 square feet. The Final Plat shows nine residential lots ranging from 41,491 square feet to 168,443 square feet. All lots meet the minimum lot area requirement. The final plat also shows the public right-of-way for the Cul-de-sac, utility easements, Stormwater pond outlot, and park outlot. Utilities As part of the approved Preliminary Plat and Development Agreement Walnut Circle public improvements include water, sanitary sewer, stormwater improvements, erosion control, public trail improvements, utility coordination and related construction obligations. The City has also approved the Walnut Circle water main construction plans for submittal to the Wisconsin Department of Natural Resources. Construction of utilities remains subject to the approved plans, DNR requirements, and the terms of the development agreement Grading and Sewer Grinder Pump Agreements Due to the topography of Walnut Circle lot grading is to be deferred to the building permit stage. Each future building permit application must include a site-specific grading plan or survey demonstrating compliance with City Code and compatibility with adjacent properties. Each new home within the subdivision will also be required to install an individual sewer grinder pump system. A residential sewer grinder pump agreement must be executed and recorded before issuance of a building permit for each lot. As approved by the City Council with the Development Agreement, the sewer connection fee for lots within the Walnut Circle Subdivision is waived. Recommendation 1. Consider Approval of Resolution XX-26, A Resolution Approving the Final Plat for Walnut Circle Attachments 1. Final Plat Walnut Circle 2. Resolution XX-26 Approving the Walnut Circle Final Plat RESOLUTION 25-26 CITY OF PRESCOTT, WISCONSIN A RESOLUTION APPROVING THE FINAL PLAT FOR WALNUT CIRCLE WHEREAS, Walnut Circle Development LLC (“Developer”) has submitted a Final Plat for a nine (9) lot single-family residential subdivision known as Walnut Circle Subdivision, located near the intersection of Walnut Street and Dexter Street, City of Prescott, Pierce County, Wisconsin; and WHEREAS, the property is zoned R-1 Mixed Residential and the proposed lot sizes exceed the minimum requirements of Chapter 510 of the City Code; and WHEREAS, the Plan Commission and City Council previously approved a Concept Plan for the development pursuant to §510-9 of the City Code; and WHEREAS, the Plan Commission and Common Council approved the Preliminary Plat for Walnut Circle by Resolution 15-26; and WHEREAS, the Common Council approved a Development Agreement with Walnut Circle Development LLC by Resolution 16-26, governing the construction, financing, and acceptance of public improvements associated with the subdivision; and WHEREAS, the proposed development includes public improvements consisting of a 600-foot cul-de-sac (Walnut Circle), water and sanitary sewer infrastructure, stormwater management facilities including a regional stormwater pond, and an 8-foot multi-use trail; and WHEREAS, the Developer proposes dedication of approximately 23.9 acres of land for future park and open space purposes, exceeding the 10% parkland dedication requirement under §510- 47; and WHEREAS, the Plan Commission has reviewed the Final Plat and related materials and has determined that the Final Plat substantially conforms to the approved Preliminary Plat, and is consistent with the City’s Comprehensive Plan and the intent and requirements of Chapter 510 NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Prescott, Wisconsin, as follows: 1. The Final Plat for Walnut Circle Subdivision is hereby approved, subject to the conditions set forth herein: a. Development Agreement – the Developer shall enter into a Development Agreement with the City pursuant to §510-22, including provision of an automatically renewable irrevocable Letter of Credit equal to 120% of outstanding public improvement costs, valid through a fourteen (14) month warranty period. b. Grading Plans – Each building permit application shall include a site-specific grading plan or survey demonstrating compliance with City Code and compatibility with adjacent properties. c. Grinder Pump Agreement - Each lot shall install an individual grinder pump system. A Residential Sewer Grinder Pump Agreement shall be executed and recorded prior to issuance of a building permit. d. Stormwater Management - Stormwater improvements shall be constructed in accordance with the approved hydrology study and applicable DNR requirements. The Developer’s engineer must provide the stormwater quality modeling results and must submit the storm water management plan to the City, that will be submitted to the WDNR. e. Street Signs – All street signs are subject to review of the City of Prescott Public Works Department; the Developer shall conform with any requests for additional signs or movement of signs to alternate locations. f. Utility Coordination – The contractor must coordinate with the City of Prescott prior to installation of sewer and water connections at the intersection of Walnut St and Dexter St. g. Private Utilities – The Developer shall provide final utility plan layout for gas, electric, and communications in compliance with §510-30 prior to commencement of construction. h. Swale Design - The engineer must provide design for the rip-rap swale, showing the velocities of flow and filter fabric/rip-rap design and channel size design. i. Erosion Control and Drainage - An erosion and sediment control plan permit must be obtained from the Zoning Administrator, pursuant to Section 500-8. The Developer must obtain a WDNR NOI per NR 216 and NR151. The Developer must provide a tracking pad at the entrance to Walnut/Dexter St. j. Compliance with All Ordinances - The Developer shall comply with all applicable City ordinances, permit requirements, and impact fee obligations. Approved this 11th day of May 2026. ______________________________ Michael H. Gerke, Mayor Attest: ________________________________ Rashel Temmers, City Clerk W 1/4 Corner Section 11 T26N, R20W Lot 35 Lot 36 Lot 38 Lot 39 Lot 40 Lot 41 Lot 42 Lot 43 Lot 44 Lot 47 Lot 48 Lot 49 Lot 26 Lot 27 Lot 28 Lot 3 Lot 4 CSM, Vol. 1, P. 60, Doc. No. 265518 Lot 1, CSM, Vol. 3, Walnut Circle Lot 1 Lot 2 Lot 3 Lot 4 Lot 5 Lot 6Lot 7 Lot 8 Lot 9 Outlot 1 (Dedicated to the Public S. Dexter Street Walnut 144.37' N 89°24'31" E N 00°38'29" W 120.00' 143.30' S 89°24'31" W N 00°07'49" W 66.00' N 00°35'29" W N 27°00'00" E N 05°45'00" E 148.00' N 08°15'00" E 335.91' S 55°30'00" E 160.00' S 24°45'00" E 344.73' 345.96' S 15°15'00" E 394.95' S 05°15'00" W 411.28' S 05°15'00" W 45' 45' S 01°30'00" W 471.49' N 89°39'04" E 852.71' 236.36' 205.97' 159.87' S 66°30'00" W 490.96' S 33°30'00" W 751.79' 126.00' N 89°24'31" E 359.21' 142.09' 171.89' 45.23' S 89°24'31" W 261.98' 171.67' 90.31' C1 C2 C3 C4 C5 C6 C7 C8 R=60' Located in the NW 1/4 of the SW 1/4 and the SW 1/4 of the SW 1/4, Walnut Circle all in Section 11, T26N, R20W, City of Prescott, Pierce County, Wisconsin. West line of the SW 1/4 Scale In Feet Bearings referenced to the West line of the SW 1/4 of Section 11, T26N, R20W, assumed to bear N 00°07'49" W. 0 40 80 160 NW-SW Section 11 N 00°07'49" W 2637.74' 851.68' SW Corner Section 11 T26N, R20W (Aluminum Cap) 120.00' NE-SW Section 11 SW-SW Section 11 SE-SW Section 11 Street North line of the SW 1/4-SW 1/4 6 6' 6 0' 6 6' Lot 1, CSM, Volume 16, Page 22, Outlot 2 (Dedicated to the Public for 107.01' S 67°18'22" W 554.22' 75.00' 75.00' French's 3rd Addition Pine Ridge First Addition S 14°23'14" E 378.20' N 89°24'31" E 239.99' N 00°22'15" W 498.97' S 00°41'57" E 94.63' S 61°06'31" E 355.25' S 23°11'55" E 759.66' N 89°39'04" E 219.78' S 00°02'44" W 708.15' S 89°25'52" W 268.24' S 49°20'56" W 590.66' S 89°27'10" W 597.18' N 00°07'49" W 1374.47' Iron Pipe found 0.49' SW of line 1 1/4" o.d. Iron Pipe found N 89°27'10" E 1.39' from the 2 3/8" o.d. Iron Pipe. Rebar found 0.78' North of line Rebar found 0.46 Southeast of line Iron Pipe found 1.61' Southeast of line 7/8" o.d. Iron Pipe with orange plastic cap on top 2 3/8" o.d. Iron Pipe found S 89°53'58" W 1.05' from rebar N 89°24'31" E 56.70' 99.80' 99.81' 100.31' 99.57' 99.48' 199.79' 49.89' 116.62' 238.63' 284.75' 474.91' 190.60' 656.33' 51.82' 8.39' 259.85' 122.54' 468.12' 167.40' 105.48' 324.30' 515.67' Legend County Section Corner Monument, found (Steel "Survey Mark" Nail unless otherwise noted). 2 3/8" o.d. Iron Pipe, found. 1 1/4" o.d. Iron Pipe, found. 1 1/4" Iron Rebar, found. 3/4" Iron Rebar, found. 1 1/4" x 18" round iron bar weighing 4.17 lbs./linear foot, set. 1 1/4" (o.d.) x 18" iron pipe weighing 1.68 lbs./linear foot set at all other lot and outlot corners. 1 1/4" (o.d.) x 18" iron pipe weighing 1.68 lbs./linear foot, set. Magnetic Survey Nail (Mag-Nail), set. Previously recorded dimension. 10' Wide Utility Easement. Special Building Setback Line (Contact the City of Prescott for information on other setback lines). (200.00') Notes 1. Owners and Subdividers: Douglas and Angela Erickson 14850 113th Street S Hastings, MN 55033 2. Filling, grading or structures that would alter storm water runoff are prohibited within all drainage easements and drainage/utility easements. 3. No utility pole, pedestal or cable shall be placed such that the installation or final placement would disturb any survey monument or obstruct vision along any lot line or street line. The unauthorized disturbance of a survey monument is a violation of s.236.32 of the Wisconsin State Statutes. 4. Utility easements set forth herein are for use of public bodies and private public utilities having the right to serve this subdivision. I NAL S D RIVER FALLS, DANIEL P. S-2684 WI KUGEL SWI OC NS RU O EY V R N ______________________________ Daniel P. Kugel S-2684 Professional Land Surveyor Ogden Engineering Company 1234 S. Wasson Lane River Falls, Wisconsin 54022 Dated this 17th day of April, 2026. Sheet 1 of 2 Unplatted Land _ _ _ _ _ _ _ _ _ Scale: 1" = 1800' Location Map SW-SW NW-SE SW-SE SE-SE NE-SW SE-SW NW-SW NE-NE NW-NE NE-NW SW-NE SE-NW NW-NW SW-NW Section 11, T26N, R20W, City of Prescott, Pierce County, Wisconsin 2.442 Acres 106,394 S.F. 1.087 Acres 47,347 S.F. 1.034 Acres 45,031 S.F. 0.953 Acre 41,491 S.F. 66.46' 202.69' N 90°00'00" E 269.15' 66.46' 93.54' 48.99' 48.99' N17°15'00"E N54°37'30"E 6.00' 2.141 Acres 93,264 S.F. 1.456 Acres 63,402 S.F.1.486 Acres 64,726 S.F. 1.591 Acres 69,304 S.F. 3.867 Acres 168,443 S.F. 23.902 Acres 1,041,188 S.F. 3.386 Acres 147,478 S.F. 93.54' 17.47' Outlot 2, West Ridge Estates 430.70' 225.59' 84.97' 464.53' 287.26' Point of Beginning Unplatted Land _ _ _ _ _ _ _ _ _ Unplatted Land _ _ _ _ _ _ _ _ _ Unplatted Land _ _ _ _ _ _ _ _ _ Unplatted Land _ _ _ _ _ _ _ _ _ (Dedicated to the Public) 36' 30' 30' 30' 30' 30' Stormwater Management Purposes) for Park Purposes) 120.00' 632.93' 141.56' 131.65' 411.08' C9 202.69'38.29' 28.17' N 39°39'35" E 279.97' 251.80' 28.17' Unplatted Land _ _ _ _ _ _ _ _ _ FO RWARD There are no objections to this plat with respect to Secs. 236.15, 236.16, 236.20 and 236.21(1) and (2), Wis. Stats. as provided by s. 236.12, Wis. Stats. Certified __________________, 20_____ Department of Administration Intermittent Stream Unplatted Land _ _ _ _ _ _ _ _ _ Pine Ridge First Addition _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Lot 39 Pine Ridge First Addition _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Lot 40 Pine Ridge First Addition _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Lot 41 Pine Ridge First Addition _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Lot 42 Pine Ridge First Addition _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Lot 16 Pine Ridge _ _ _ _ _ _ _ _ _ _ _ _ Lot 15 Pine Ridge _ _ _ _ _ _ _ _ _ _ _ _ Lot 14 Pine Ridge _ _ _ _ _ _ _ _ _ _ _ _ Lot 16 Great Rivers _ _ _ _ _ _ _ _ _ _ _ _ _ Lot 17 Great Rivers _ _ _ _ _ _ _ _ _ _ _ _ _ Lot 15 Great Rivers _ _ _ _ _ _ _ _ _ _ _ _ _ Document Number 611760 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ French's 2nd Addition _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Document _ _ _ _ _ _ Number _ _ _ _ _ 551902 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Unplatted _ _ _ _ _ _ Land _ _ _ _ French's 3rd Addition _ _ _ _ _ _ _ _ _ _ _ _ _ French's 3rd Addition _ _ _ _ _ _ _ _ _ _ _ _ _ French's 3rd Addition _ _ _ _ _ _ _ _ _ _ _ _ _ French's 3rd Addition _ _ _ _ _ _ _ _ _ _ _ _ _ French's 3rd Addition _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ French's _ _ _ _ _ _ 3rd Addition _ _ _ _ _ _ _ _ _ French's _ _ _ _ _ _ 3rd Addition _ _ _ _ _ _ _ _ _ French's _ _ _ _ _ _ 3rd Addition _ _ _ _ _ _ _ _ _ Lot 46 _ _ _ _ _ French's _ _ _ _ _ _ 3rd Addition _ _ _ _ _ _ _ _ _ Lot 45 _ _ _ _ _ French's _ _ _ _ _ _ 3rd Addition _ _ _ _ _ _ _ _ _ P. 33, Doc. No. 317280 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Document _ _ _ _ _ _ Number _ _ _ _ _ 541864 _ _ _ _ _ (S 88°14' W 200.00') (95.00') (50.00') (N 01°39'00" W) (N 62°30'00" W) (N 23°12'08" W 759.34') (219.90') (S 89°39'16" W) (S 00°00'32" E) East line of the SW 1/4-SW 1/4 (N 89°01'22" W 267.64') (N 50°59'10" E) (121.80') (S 89°02'00" E) (S 00°07'45" E) (S 00°13'22" E) (S 00°07'45" E 2637.79') (N 89°56'00" W) (S 00°00'00" W) (S 89°56'00" E) (S 89°56'00" E) (N 88°14' E) (N 1°39' W) (100.00') (100.00') (100.00') (100.00') (100.00') _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 371.49' 100.00' 311.28' 100.00' 255.91' 80.00' 200.58' 39.41' 6 6' Existing Driveway N 89°24'54" E 249.68' Section 11 Walnut Circle NE-SE SE-NE _ _ 6 6' _ _ CURVE LOT RADIUS CENTRAL ARC CHORD CHORD TANGENT TANGENTCURVE LOT RADIUS CENTRAL ARC CHORD CHORD TANGENT TANGENTCURVE LOT RADIUS CENTRAL ARC CHORD CHORD TANGENT TANGENTCURVE LOT RADIUS CENTRAL ARC CHORD CHORD TANGENT TANGENT NO. NO. ANGLE LENGTH LENGTH BEARING IN OUT NO. NO. ANGLE LENGTH LENGTH BEARING IN OUT NO. NO. ANGLE LENGTH LENGTH BEARING IN OUT NO. NO. ANGLE LENGTH LENGTH BEARING IN OUT C1 7 60.00' 41°24'35" 43.36' 42.43' S 69°53'11.5" E N 89°24'31" E S 49°10'54" E C1 7 60.00' 41°24'35" 43.36' 42.43' S 69°53'11.5" E N 89°24'31" E S 49°10'54" E C1 7 60.00' 41°24'35" 43.36' 42.43' S 69°53'11.5" E N 89°24'31" E S 49°10'54" E C1 7 60.00' 41°24'35" 43.36' 42.43' S 69°53'11.5" E N 89°24'31" E S 49°10'54" E C2 3-7 60.00' 262°49'09" 275.22' 90.00' N 00°35'28.5" W S 49°10'54" E S 47°59'57" W C2 3-7 60.00' 262°49'09" 275.22' 90.00' N 00°35'28.5" W S 49°10'54" E S 47°59'57" W C2 3-7 60.00' 262°49'09" 275.22' 90.00' N 00°35'28.5" W S 49°10'54" E S 47°59'57" W C2 3-7 60.00' 262°49'09" 275.22' 90.00' N 00°35'28.5" W S 49°10'54" E S 47°59'57" W C3 7 60.00' 56°04'06" 58.71' 56.40' S 77°12'57.0" E S 49°10'54" E N 74°45'00" E C3 7 60.00' 56°04'06" 58.71' 56.40' S 77°12'57.0" E S 49°10'54" E N 74°45'00" E C3 7 60.00' 56°04'06" 58.71' 56.40' S 77°12'57.0" E S 49°10'54" E N 74°45'00" E C3 7 60.00' 56°04'06" 58.71' 56.40' S 77°12'57.0" E S 49°10'54" E N 74°45'00" E C4 6 60.00' 40°15'00" 42.15' 41.29' N 54°37'30.0" E N 74°45'00" E N 34°30'00" E C4 6 60.00' 40°15'00" 42.15' 41.29' N 54°37'30.0" E N 74°45'00" E N 34°30'00" E C4 6 60.00' 40°15'00" 42.15' 41.29' N 54°37'30.0" E N 74°45'00" E N 34°30'00" E C4 6 60.00' 40°15'00" 42.15' 41.29' N 54°37'30.0" E N 74°45'00" E N 34°30'00" E C5 5 60.00' 34°30'00" 36.13' 35.58' N 17°15'00.0" E N 34°30'00" E N 00°00'00" E C5 5 60.00' 34°30'00" 36.13' 35.58' N 17°15'00.0" E N 34°30'00" E N 00°00'00" E C5 5 60.00' 34°30'00" 36.13' 35.58' N 17°15'00.0" E N 34°30'00" E N 00°00'00" E C5 5 60.00' 34°30'00" 36.13' 35.58' N 17°15'00.0" E N 34°30'00" E N 00°00'00" E C6 4 60.00' 50°20'25" 52.72' 51.04' N 25°10'12.5" W N 00°00'00" E N 50°20'25" W C6 4 60.00' 50°20'25" 52.72' 51.04' N 25°10'12.5" W N 00°00'00" E N 50°20'25" W C6 4 60.00' 50°20'25" 52.72' 51.04' N 25°10'12.5" W N 00°00'00" E N 50°20'25" W C6 4 60.00' 50°20'25" 52.72' 51.04' N 25°10'12.5" W N 00°00'00" E N 50°20'25" W C7 3 60.00' 81°39'38" 85.51' 78.46' S 88°49'46.0" W N 50°20'25" W S 47°59'57" W C7 3 60.00' 81°39'38" 85.51' 78.46' S 88°49'46.0" W N 50°20'25" W S 47°59'57" W C7 3 60.00' 81°39'38" 85.51' 78.46' S 88°49'46.0" W N 50°20'25" W S 47°59'57" W C7 3 60.00' 81°39'38" 85.51' 78.46' S 88°49'46.0" W N 50°20'25" W S 47°59'57" W C8 2 60.00' 41°24'34" 43.36' 42.43' S 68°42'14.0" W S 47°59'57" W S 89°24'31" W C8 2 60.00' 41°24'34" 43.36' 42.43' S 68°42'14.0" W S 47°59'57" W S 89°24'31" W C8 2 60.00' 41°24'34" 43.36' 42.43' S 68°42'14.0" W S 47°59'57" W S 89°24'31" W C8 2 60.00' 41°24'34" 43.36' 42.43' S 68°42'14.0" W S 47°59'57" W S 89°24'31" W C9 4 88.17' 50°20'25" 77.47' 75.00' N 25°10'12.5" W N 00°00'00" E N 50°20'25" W C9 4 88.17' 50°20'25" 77.47' 75.00' N 25°10'12.5" W N 00°00'00" E N 50°20'25" W C9 4 88.17' 50°20'25" 77.47' 75.00' N 25°10'12.5" W N 00°00'00" E N 50°20'25" W C9 4 88.17' 50°20'25" 77.47' 75.00' N 25°10'12.5" W N 00°00'00" E N 50°20'25" W Located in the NW 1/4 of the SW 1/4 and the SW 1/4 of the SW 1/4, Walnut Circle all in Section 11, T26N, R20W, City of Prescott, Pierce County, Wisconsin. I NAL S D RIVER FALLS, DANIEL P. S-2684 WI KUGEL SWI OC NS RU O EY V R N ______________________________ Daniel P. Kugel S-2684 Professional Land Surveyor Ogden Engineering Company 1234 S. Wasson Lane River Falls, Wisconsin 54022 Dated this 17th day of April, 2026. Sheet 2 of 2 Owner's Certificate of Dedication As owners, we hereby certify that we caused the land described on this plat to be surveyed, divided, mapped and dedicated as represented on this plat. We also certify that this plat is required by s.236.10 or s.236.12 to be submitted to the following for approval or objection: the City of Prescott and the Department of Administration. Witness the hand and seal of said owners this _______ day of _____________ , 20____ . State of __________________) SS ____________________ County) Personally came before me this _______ day of _____________ , 20____ , the above named Douglas Erickson and Angela Erickson, to me known to be the same persons who executed the foregoing instrument and acknowledged the same. ___________________________________ Notary Public, __________________ County, __________________________ (state) My commission expires _____________________________. _____________________________ Douglas Erickson _____________________________ Angela Erickson Surveyor's Certificate I, Daniel P. Kugel, Professional Land Surveyor, hereby certify: That I have surveyed, divided and mapped Walnut Circle, located in the NW 1/4 of the SW 1/4 and the SW 1/4 of the SW 1/4, all in Section 11, T26N, R20W, City of Prescott, County of Pierce and State of Wisconsin. That I have made such survey, land division and plat by the direction of Douglas Erickson and Angela Erickson, owners of said land, containing 44.349 acres, more or less, being 1,931,859 square feet, more or less, and described as follows: Commencing at the SW Corner of said Section 11; thence N 00°07'49" W (bearings referenced to the West line of said SW 1/4 of Section 11, assumed to bear N 00°07'49" W) 225.59' along said West line to the Point of Beginning; thence N 00°07'49" W 1374.47' along said West line; thence N 89°24'31" E 144.37' along the South line of the parcel described in Document Number 551902; thence N 00°38'29" W 120.00' along the East line of said parcel; thence S 89°24'31" W 143.30' along the North line of said parcel; thence N 00°07'49" W 66.00' along said West line of the SW 1/4; thence N 89°24'31" E 239.99' along the South line of Lot 44 of French's Third Addition and the Westerly extension thereof; thence N 00°22'15" W 498.97' along the East lines of Lots 40 through 44 of said French's Third Addition; thence N 89°24'54" E 249.68' along the South line of Lots 3 and 4 of the Certified Survey Map recorded in Volume 1, Page 60, Document Number 265518 and the Easterly extension thereof; thence S 00°41'57" E 94.63' along the West line of Lot 1 of the Certified Survey Map recorded in Volume 3, Page 33, Document Number 317280; thence S 61°06'31" E 355.25' along the South line of said Lot 1 and along a Southwest line of the parcel described in Document Number 541864; thence S 23°11'55" E 759.66' along a Southwest line of said parcel; thence N 89°39'04" E 219.78' along the North line of said SW 1/4 of the SW 1/4; thence S 00°02'44" W 708.15' along the East line of said SW 1/4 of the SW 1/4; thence S 89°25'52" W 268.24' along the North line of the plat of Pine Ridge; thence S 49°20'56" W 590.66' along a Northwesterly line of said plat of Pine Ridge and a Northwesterly line of the plat of Pine Ridge First Addition; thence S 89°27'10" W 597.18' along a North line of said plat of Pine Ridge First Addition and the Westerly extension thereof to the Point of Beginning. Subject to all easements, restrictions, and covenants of record. That such plat is a correct representation of all of the exterior boundaries of the land surveyed and the subdivision thereof made. That I have fully complied with the provisions of Chapter 236 of the Wisconsin Statutes and the Subdivision Regulations of the City of Prescott, in surveying, dividing, and mapping the same. County Treasurer's Certificate State of Wisconsin) SS Pierce County) I, Kathy Fuchs, being the duly elected, qualified and acting Treasurer of the County of Pierce, do hereby certify that the records in my office show no unredeemed tax sales and no unpaid taxes or special assessments as of ______________________________________ , 20_________ affecting the land included in the plat of Walnut Circle. _________________________ Date _________________________ Kathy Fuchs County Treasurer City Treasurer's Certificate State of Wisconsin) SS Pierce County) I, Beth Lansing, being the duly elected, qualified, and acting Deputy Clerk/Treasurer of the City of Prescott, do hereby certify that in accordance with the records in my office, there are no unpaid taxes or unpaid special assessments as of ___________________ , 20____ on any of the land included in the plat of Walnut Circle _________________________ Date _________________________ Beth Lansing Deputy Clerk/Treasurer Common Council Resolution Resolved, that the plat of Walnut Circle in the City of Prescott, Douglas Erickson and Angela Erickson, owners, is hereby approved by the Common Council. I hereby certify that the foregoing is a copy of a resolution adopted by the Common Council of the City of Prescott. _________________________ Date _________________________ Rashel Temmers City Clerk _________________________ Date Approved _________________________ Michael H. Gerke Mayor Curve Table _________________________ Date Signed _________________________ Michael H. Gerke Mayor FO RWARD There are no objections to this plat with respect to Secs. 236.15, 236.16, 236.20 and 236.21(1) and (2), Wis. Stats. as provided by s. 236.12, Wis. Stats. Certified __________________, 20_____ Department of Administration To: Mayor and Council From: Matt Wolf, City Administrator Date: May 8, 2026 Subject: The Bluffs Development Agreement – TB-Prescott, LLC Background TB-Prescott, LLC, doing business as Capital Investment Partners (CapVest), has received approvals for the development of “The Bluffs,” a 106-unit multi-family residential development located at 1452 Glenridge Drive. The approximately 3.5-acre parcel is located within the R-4 High Density Residential District and Tax Incremental District (TID) No. 6. The development has undergone multiple stages of review by the Plan Commission and Common Council, including approval of the concept plan, Planned Unit Development (PUD) overlay, Certified Survey Map (CSM), a TID amendment, and site plan review. The proposed development consists of three separate apartment buildings totaling 106 dwelling units and approximately 151 bedrooms, together with related parking, garage structures, sidewalks, utilities, landscaping, stormwater facilities, and public trail improvements. A Development Agreement is needed to formalize the obligations of both the City and Developer regarding construction of the project, public improvements, tax incremental financing assistance, project timelines, guarantees, and long-term obligations associated with the development. The development has previously received the following approvals: 1. Approval of the Planned Unit Development (PUD) Overlay 2. Approval of the Certified Survey Map (CSM) 3. Approval of the Site Plan Review 4. Approval of the amendment to TID No. 6 by the Plan Commission, Common Council, and Joint Review Board. Discussion Project Overview The Development Agreement requires TB-Prescott, LLC to construct three apartment buildings totaling at least 106 units on the property located at 1452 Glenridge Drive. The buildings include: • Building 1 – 42 units • Building 2 – 40 units, including a community room and fitness area • Building 3 – 24 units The project also includes landscaping, stormwater facilities, utility infrastructure, sidewalks, parking, and related site improvements consistent with the approved Site Plan. The agreement establishes the following development schedule: • Construction commencement by August 1, 2026 • Substantial completion by December 31, 2028 These timelines are subject to unavoidable delays as defined within the agreement. Public Improvements As part of the project, the Developer is responsible for constructing several public improvements at its sole expense, including: • A public sidewalk along Dexter Street • A Rectangular Rapid Flashing Beacon (RRFB) pedestrian crossing • A public trail connection between Dexter Street and Borner Street • Utility and stormwater infrastructure improvements The Developer is additionally responsible for maintenance and warranty obligations associated with the public improvements until acceptance by the City. The Development Agreement also addresses the existing 12-inch water main that traverses the property. The agreement requires the establishment of a perpetual municipal utility easement to preserve long-term access and maintenance rights for the City, which is included as an exhibit. Tax Increment Financing (TIF) The agreement provides for a maximum Reverse TIF incentive of $4,545,000 utilizing a pay- as-you-go structure through Tax Incremental District No. 6. Under the agreement: • The City will reimburse the Developer using 90% of the actual tax increment generated by the project from tax years 2030 through 2044. • Payments are capped at the lesser of: o Actual increment generated by the development; or o $4,545,000 total assistance. The agreement contains protections for the City: 1. Pay-As-You-Go Structure – The City only reimburses increment actually generated by the project so it does not face any liability. 2. Lookback Provision Upon Completion – If total project costs are lower than projected, the TIF award is reduced accordingly. 3. Cash-on-Cash Return Analysis – If project returns exceed the negotiated thresholds, the maximum TIF award may be reduced. 4. Guaranteed Minimum Assessment – The Developer agrees to maintain a minimum assessed value of $15,119,400 through at least tax year 2039 payable in 2040. Fees and Financial Contributions The Development Agreement requires the Developer to pay several impact fees and financial contributions associated with the project prior to issuance of building permits. These include the following impact fees: • Police Impact Fees: $21,968 • Fire Impact Fees: $18,865 • Library Impact Fees: $70,254 • Parks Impact Fees: $90,707 Total General Impact Fees: $201,794 Building Water Sewer Total Building #1 (3” Meter) $10,044 $31,147 $41,191 Building #2 (3” Meter) $10,044 $31,147 $41,191 Building #3 (2” Meter) $5,357 $16,847 $22,204 Total Water and Sewer Impact Fees: $104,586 In lieu of dedicating parkland, the Developer shall pay the City a fee-in-lieu contribution of $75,000 for future park improvements associated with the surrounding neighborhood and trail system. Combined, the project is anticipated to generate approximately $381,380 in direct impact fees and park contribution payments to the City prior to development. Benefits of the Development • Creates a guaranteed minimum assessed value of approximately $15.1 million, which would make the project the second largest taxable development within the City behind UNFI. • Supports future housing needs and additional residential units that may assist future employment growth associated with the City’s 150-acre Business Park. • May provide additional student enrollment for the Prescott School District as enrollment numbers decline. CapVest estimated approximately 15–35 additional students from the development based on data from past projects. • Under the Reverse TIF structure, approximately 10% of the tax increment generated remains with the City and taxing jurisdictions during the life of the agreement, which is estimated at approximately $557,765 and can help support future infrastructure investment in the Prescott Business Park. • The development adds additional housing diversity within the community and supports the City’s long-term Comprehensive Plan growth objectives. The last market rate multi- family project was in 2004. • The agreement includes several financial protections for the City, including a pay-as- you-go reimbursement structure, guaranteed minimum assessment value, and lookback provisions tied to project performance. Recommendation 1. Consider Approval Resolution 26-26 Approving the Development Agreement Between the City of Prescott and TB-Prescott, LLC Attachments 1. Resolution 26-26 2. Development Agreement Between the City of Prescott and TB-Prescott, LLC RESOLUTION 26-26 CITY OF PRESCOTT PIERCE COUNTY WISCONSIN A RESOLUTION APPROVING THE DEVELOPMENT AGREEMENT BETWEEN THE CITY OF PRESCOTT AND TB-PRESCOTT, LLC WHEREAS, TB-Prescott, LLC (“Developer”) has proposed the development and construction of an approximately 106-unit apartment development consisting of three separate apartment buildings and related improvements on property located within the City of Prescott Tax Incremental District No. 6; and WHEREAS, the proposed development is anticipated to include approximately 151 bedrooms and related public and private improvements, including public sidewalks, trail connections, RRFB crosswalk improvements, utility infrastructure, and related site improvements; and WHEREAS, the Common Council has determined that the proposed development will promote residential growth, expand housing opportunities within the City, increase the City’s tax base, and further the goals and objectives of Tax Incremental District No. 6; and WHEREAS, the City and TB-Prescott, LLC have negotiated a Development Agreement setting forth the obligations of the parties, including the construction of the Project, the installation of public improvements, and the provision of tax incremental financing assistance by the City in an amount not to exceed $4,545,000 through a reverse TIF structure; and WHEREAS, the Development Agreement further establishes project timelines, guaranteed assessment provisions, public improvement requirements, impact fee obligations, park dedication payments, and other conditions related to the development of the Project; and WHEREAS, the Common Council has reviewed the proposed Development Agreement and finds that approval of the Agreement is in the best interests of the City of Prescott and serves a valid public purpose. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Prescott, Wisconsin, as follows: 1. The Development Agreement between the City of Prescott and TB-Prescott, LLC, substantially in the form attached hereto, is hereby approved. 2. The Mayor and City Clerk are hereby authorized and directed to execute the Development Agreement and any associated documents, including but not limited to the Memorandum of Development Agreement and related easement documents, on behalf of the City following review and approval by the City Attorney. 3. The City Administrator, City Engineer, and other appropriate City staff are hereby authorized to take all actions necessary to administer and implement the terms of the Development Agreement. Adopted by the Common Council of the City of Prescott, Wisconsin, this 11 th day of May 2026. ________________________________ Michael H. Gerke, Mayor ATTEST: __________________________ Rashel Temmers, City Clerk 1 DEVELOPMENT AGREEMENT BETWEEN THE CITY OF PRESCOTT AND TB-PRESCOTT, LLC This DEVELOPMENT AGREEMENT is made and entered into as of this day of May, 2026 by and between the City of Prescott, a Wisconsin municipal corporation (the “City”) and TB-Prescott, LLC, a Wisconsin limited liability company (the “Developer”). WITNESSETH: WHEREAS, the Developer desires to develop, construct, own, operate, and manage an approximately 106-unit apartment building on the Development Site (as defined below) together with related public improvements ; and WHEREAS, the City and Developer wish to agree on terms and obligations for each party to ensure the successful development of the Development Site with the Project; and WHEREAS, as of the date of this Agreement there has been prepared by the City a Tax Increment Financing Plan establishing City of Prescott Tax Increment District No. 6 and providing for the use of tax increment financing in connection with providing development incentives to the Developer for the Project; and WHEREAS, the City believes that the construction of the Project within Tax Increment District No. 6 pursuant to this Agreement is in accord with the public purposes and provisions of the applicable state and local laws and requirements under which the Project will be undertaken and “but for” the City’s providing the Tax Increment Financing assistance, the Project would not be built and the important public benefits of the Project would not be achieved. NOW, THEREFORE, in consideration of the promises and the obligations of the Parties herein, each of them does hereby covenant and agree with each other as follows: ARTICLE I DEFINITIONS 1.1 Definitions. In this Agreement, the following words and phrases, when having an initial capital letter, shall have the following meanings: a. “Agreement” means this Agreement by and between the City and the Developer, as amended and supplemented from time to time pursuant to its terms. b. “Articles and Sections” mentioned by number only are the respective articles and sections of this Agreement so numbered. c. “Building Inspector ” means the City of Prescott building inspector or his/her designee(s). 2 d. “Certificate of Completion” means the certification in the form of a certificate provided to the Developer, or its successors or assigns of this Agreement, certifying that the Project has been completed to the full satisfaction of both Parties and of this Agreement. e. “Certificate of Occupancy” means the certification granted by the Building Inspector upon successful completion of the final inspection of the building associated with the Project. f. “City” means the City of Prescott, Wisconsin, a Wisconsin municipal corporation. g. “City Engineer” means the City of Prescott city engineer or his/her designee(s). h. “Common Council” means the Common Council of the City of Prescott, Wisconsin. i. “County” means Pierce County, Wisconsin. j. “Developer” means TB-Prescott, LLC, a Wisconsin limited liability company. k. “Development Site” means real the property described in Exhibit A. l. “Municipal Code ” means the City of Prescott, Wisconsin Municipal Code, as codified through Ordinance No. 07-25, and any future amendments thereto. m. “Parties” means the City and the Developer. n. “Party” means the City or the Developer. o. “Project” means the public and private site improvements described throughout this Agreement, including without limitation Section 3.2 hereof, and including the Building Project. p. “Building Project ” means only the private set of improvements d escribed throughout this Agreement, including without limitation Section 3.2.a hereof. q. “Real Estate” means the real property described in Exhibit A, together with any improvements thereon. r. “Site Plan” means the approved site plan under § 635-120 of the Municipal Code. s. “Substantial Completion” means the completion of the public and private infrastructure improvements pursuant to the Site Plan, except for punch list items, landscaping and paving of parking lots, and the issuance of a Certificate of Occupancy (solely as it relates to the residential units, such that it may be a “temporary certificate of occupancy” with respect to the definition of “Substantial Completion”) from the City. Subject to Unavoidable Delays beyond the control of the Developer, any such incomplete items shall be fully completed within a reasonable time after the date of Substantial 3 Completion, but not to exceed ninety (90) days thereafter except site improvements such as landscaping shall be completed no later than two hundred forty (240) days after the date of Substantial Completion if weather or other conditions beyond the control of the Developer prevent completion of the same. t. “TID” means Tax Incremental District No. 6 in the City of Prescott, Wisconsin. u. “TIF” or “Tax Increment Financing” means Tax Incremental Financing pursuant to Wis. Stat. § 66.1105. v. “Tax Increment Financing Plan” or “TIF Plan ” means the Tax Increment Financing Plan, prepared and adopted by the City pursuant to the Statute establishing City of Prescott Tax Increment District No. 6, as may be amended from time to time , attached hereto as Exhibit C. w. “TIF Improvements ” means those improvements listed eligible for use of Tax Increment Financing proceeds pursuant to Wis. Stat. § 66.1105 as determined by the City and this Agreement. x. “Unavoidable Delays” means delays, outside the control of the party claiming an occurrence, which are the direct or indirect result of strikes, other labor troubles, domestic pandemic resulting in government mandated business closures and material shortages or unavailability, acts of war resulting in material shortages or unavailability, unusually severe or prolonged bad weather, acts of God, fire or other casualty, litigation or other administrative procedures commenced by third parties which, by injunction or other similar judicial action, directly results in delays, or acts or requirements of any federal, state, or local governmental unit (other than the City acting in its contractual capacity under this Agreement) which directly results in delays. ARTICLE II REPRESENTATIONS, WARRANTIES, OF DEVELOPER 2.1 Representations and Warranties by Developer. Developer represents and warrants to the City that: a. Developer is a limited liability company duly organized, existing, and in good standing under the laws of the State of Wisconsin and is not in violation of any provisions of its articles of organization, operating agreement, or other governing documents, and has full power and authority to enter this Agreement and perform its obligations hereunder. b. Developer will use its best efforts to obtain, in a timely manner, all required permits, licenses, and approvals, and to meet in a timely manner all requirements of all applicable local, state, and federal laws and regulations which must be obtained or met before the improvements associated with the Project and any and all additional improvements may be lawfully constructed. Where this Agreement contains strict time deadlines with respect to any obligation, such strict time deadlines shall apply, and time shall be of the essence. 4 c. Developer will use its best efforts to design and construct the Project and all additional improvements in accordance with all local, state, or federal laws or regulations. d. Developer has no present notice or knowledge that the execution and delivery of this Agreement, the consummation of the transactions contemplated hereby, and the fulfillment of or compliance with the terms and conditions of this Agreement is prevented or limited by, or in conflict with or will result in a breach of, the terms, conditions or provisions of the articles of organization, operating agreement, members agreement or other agreement of Developer, or any evidence of indebtedness, contract or instrument of whatever nature to which Developer is now a party or by which it is bound, such that any conflicts or breaches would materially impair the Project or Developers’ ability to perform under this Agreement. ARTICLE III OBLIGATIONS OF DEVELOPER 3.1 Obligations of Developer. Subject to the terms and conditions of this Agreement, Developer hereby agrees and commits to construct the Project in accordance with the terms of the Agreement. 3.2 Improvements; Project Specific Requirements. Developer agrees that it will construct public and private Project improvements as further described herein. a. Building Project and related Private Improvements . Developer agrees that it will construct the following private Project improvements and Building Project, subject to the approved Site Plan: (1) Building Project. The Building Project consists of, and Developer will design and construct, three (3) separate apartment buildings , consisting of a total of at least 106 units (containing 151 bedrooms in total), to be located on the Development Site. With respect to the three (3) separate apartment buildings, following are the anticipated unit sizes and approximate total square footage for each: Building 1: 42 units and 12,578 square feet for first floor, with 37,532 total square feet; Building 2: 40 units and 12,578 square feet for first floor, with 37,532 total square feet, including a common fitness and community room for use by tenants of all buildings associated with the Building Project; and Building 3: 24 units and 10,989 square feet for first f loor, with 30,28 9 total square feet. (2) Landscaping. Developer shall install landscaping per the approved Site Plan. (3) Water and sanitary sewer utilities. Developer shall cause the Project to be serviced by certain utilities, including, without limitation, electric, sewer, water, and storm sewer. Developer shall be responsible for construction of the improvements on the Development Site related to these utilities, including site grading related to utilities. Developer will be responsible for cost and installation of utility laterals to the Project. 5 b. Project Specific Requirements; Public Improvements. Developer shall further, at its sole cost and expense, comply with the requirements as set forth in Exhibit E . The requirements in Exhibit E shall control over any inconsistent provision set forth herein. 3.3 Performance Dates. Developer agrees and hereby commits to use good faith efforts to complete the construction of the Project according to the following timetable, subject to Unavoidable Delays and subject to the City's performance of its obligations under this Agreement. The Parties understand that time is of the essence with regard to the dates herein specified. a. August 1, 2026 - Start of construction of the Project. b. December 31, 2028 - Substantial Completion of the Project. ARTICLE IV OBLIGATIONS OF CITY 4.1 Tax Increment Financing. a. The City hereby commits to provide Tax Increment Financing to Developer in the maximum amount of $4,545,000.00, subject to adjustments pursuant to Section 6.3 hereof, paid pursuant to Article VI of this Agreement. b. The City, in its discretion, shall use whatever financial resources are available to provide Tax Increment Financing. The terms and conditions of the TIF Plan are incorporated as if fully set forth herein by this reference , as the City is governed by such TIF Plan. c. The specified amounts identified in this Agreement shall be the maximum tax increment financing liability of the City and the City shall not be obligated to pay from tax increment funds any amount in excess of those delineated in this Agreement. d. Developer may encumber the Property in order to secure financing for the development of the Project. Any lender providing financing for the Project may place a lien and/or mortgage on the Property and may require a collateral assignment of this Agreement, which the City agrees to negotiate in good faith . Lender’s mortgage and/or loan may be transferred or assigned by lender in a secondary market without prior Common Council approval. In the event of a foreclosure against the Developer by lender or a deed transfer in lieu of foreclosure, lender shall assume the duties, obligations and rights of the Developer under this Agreement. In such a circumstance, lender may transfer or assign this Agreement and its accompanying duties, obligations and rights, to another developer subject to the requirements and approvals required for assignments under Section 7.2 of this Agreement. In any circumstance, lender shall provide reasonable notice to City of such actions. This Section shall survive any foreclosure proceeding. ARTICLE V PROJECT CONSTRUCTION 6 5.1 Pre-Construction. The Developer acknowledges the following shall be completed prior to construction of the Project commencing. a. Obtain building permits. Developer shall obtain building permits for all structures associated with the Project. Building permits shall only be issued if the following conditions have been met: (1) The Site Plan has been approved by the City’s plan commission. (2) Payment of all required permit and impact fees in accordance with the Municipal Code and fee schedule, subject to Exhibit E hereof. b. Drainage. All drainage easements on the site, if any, shall be graded in accordance with the S i t e P l an and shall have permanent and temporary erosion control and sediment control measures in place as indicated on the approved Site Plan. c. Stormwater. All stormwater conveyance facilities located within easements through which stormwater from the site flows shall be complete in accordance with the approved Site Plan and shall have permanent and temporary erosion and sediment control measures in place as indicated on the approved Site Plan. 5.2 Construction. In accordance with the Municipal Code , the Wisconsin Statutes, and the Wisconsin Administrative Code, the Developer shall construct all private improvements as are contained in the Site Plan and described in this Agreement. a. Inspections and Rights of Access; Utilities. (1) The Developer shall not abandon any existing City utilities serving the Real Estate or connect to any underground City utilities without the City Engineer or his/her designee being present to inspect the work. (2) The Developer shall permit the representatives of the City to have access to the Project at all reasonable times during and following the construction when such party deems access necessary to ensure compliance with the terms and conditions of this Agreement and the Site Plan. No compensation shall be payable, nor shall any charge be made in any form by any party for the access provided in this Agreement. 5.3 Project Finalization. a. Certificate of Occupancy. A Certificate of Occupancy shall only be issued for any building which is part of the Project if all private improvements, including punch list items, are in place which are in compliance with this Agreement and all applicable ordinances, laws, rules, and regulations , including the Municipal Code and Site Plan ; provided, however, the City shall issue a temporary certificate of occupancy if a building 7 associated with the Project has been inspected by the Building Inspector and approved for occupancy. b. Stormwater engineer’s certification. To ensure proper installation of stormwater management practices in accordance with approved Site Plan and calculations, the City requires that the Developer’s engineer, licensed in Wisconsin, oversees and certifies construction of any stormwater management practices required by the Site Plan . The engineer shall submit a signed and stamped certification that he/she has successfully completed site inspections and that construction of all storm water management practices was according to the approved Site Plan and these practices are functioning as intended. c. Certificate of Completion. Upon completion of Subsections a-b, above for all buildings associated with the Project, the City shall issue a Certificate of Completion for the Project. ARTICLE VI GUARANTEES OF CITY AND DEVELOPER 6.1 Purposes of Guarantees. Both parties to this Agreement understand that there will be the commitment of and/or expenditure of public monies through the TIF. It is the intent of the parties hereto to provide that Developer give adequate guarantees and security to ensure that the Project will be constructed, and the public monies will be paid as specified below. The parties intend for this guarantee to cover the period of time before and after construction, to allow for the completion of the Project per the TIF Plan, as adopted by the Joint Review Board and Common Council. Any term not defined in this Agreement shall have the meaning assigned to it in the TIF Plan. If a conflict arises between the meaning of a term in this Agreement and the TIF Plan, the meaning in the TIF Plan shall control. 6.2 Reverse Tax Incremental Financing. For the purposes of this Agreement, the total amount of new taxes collected during the Payment Term (as defined herein) as a result of the growth of taxable market value in the Real Estate from construction of the Project and not attributable to the ad valorem real estate taxes attributable to the base market assessed tax value determined on January 1, 2026 shall be referred to herein as the “Collected Tax Increment.” In each tax revenue year commencing January 1, 2030 (i.e., tax assessments made on January 1, 2029 with tax payments due by January 31, 20 30) and ending in the tax revenue year January 1, 2044 (i.e., tax assessments made on January 1, 2043 with tax payments due by January 31, 2044) (the “Payment Term”) (i.e. 15 years of increment revenue), a portion of the Collected Tax Increment, being 90% in tax revenue years 20 30 through 2044, shall be paid to the Developer in accordance with the terms of this Agreement, provided that the Developer is not delinquent in the payment of property taxes with respect to the Real Estate and has paid all fees associated with the Project, not to exceed a maximum gross aggregate amount of Four Million Four Hundred Forty-five Thousand Dollars ($4,545,000.00) (the “Reverse TIF Award”), subject to adjustments to described in Section 6.3 hereof. Any such payment owed shall be paid on or before October 15 of each year during the Payment Term until the Reverse TIF Award is paid or the TID is closed pursuant to the terms of the TIF Plan, whichever is earlier. 8 The goal and intention of these subsections is that, subject to adjustments under Section 6.3 hereof, the City is only obligated to pay to Developer the lesser of (i) the amount of actual Collected Tax Increment actually received by the City and attributable to the Real Estate for tax revenue years 2030 through 2044, less the 10% for administrative fees, and (ii) $4,545,000.00. 6.3 Lookback and Reduction of Tax Increment Assistance. The financial assistance to be provided to the Developer pursuant to this Agreement is based on certain assumptions regarding the projected costs and expenses associated with constructing the Building Project. The City and the Developer agree that the actual financial performance of the Building Project will be reviewed at the times described in this Section 6.3, and that the Reverse TIF Award may be adjusted accordingly. a. Definitions. For the purposes of this Section 6.3, the following terms have the following meanings: “Calculation Date” means (i) for the lookback upon Substantial Completion: within 60 days after the City’s issuance of a Certificate of Occupancy of the last of the buildings associated with the Building Project (and further provided that all buildings have been issued a Certificate of Occupancy); and (ii) for the lookback upon Stabilization: 90 days after the earlier of (1) the date of Stabilization or (2) two years after the date of completion, as evidenced by the City’s issuance of a Certificate of Completion. “Cash on Cash Return ” means the Net Annual Cashflow divided by the Developer’s aggregate capital contribution, calculated as set forth in the sample lookback calculation attached hereto as Exhibit F. “Cash on Cash Average Annual Return” means the average of each annual Cash on Cash return beginning at the time that the Certificate of Occupancy is issued for the last of the buildings associated with the Building Project (and further provided that all buildings have been issued a Certificate of Occupancy) , as set forth in the sample lookback calculation attached hereto as Exhibit F. “Consultant” means the City’s municipal financial advisor , being Ehlers, Inc . as of the date of this Agreement. “Net Annual Cashflow ” means annual Net Operating Income, plus any refinancing proceeds, less annual debt service payments for actual or proposed debt or similar debt obligations. “Net Operating Income (NOI) ” means total annual income and other project -derived annual revenue, including payments under the Reverse TIF Award , less Operating Expenses, which exclude debt service payments. For purposes of the Cash on Cash Average Annual Return calculation on the Calculation Date, (i) revenue shall be based upon 95% occupancy regardless of whether the average occupancy for the m easured period is higher or lower than 95%, (ii) revenue for periods after the Calculation Date shall be inflated by 3.0% annually, and (iii) Operating Expenses for periods after the Calculation 9 Date, shall be inflated by 3.0% annually , except real estate taxes will be inflated at the same rate as the TIF estimate, which is 2.5%. “Operating Expenses” means reasonable and customary expenses actually incurred in operating the Project and any other expenses actually incurred by the Developer pursuant to its obligations under this Agreement, determined in the same manner as shown in the Pro Forma Financial Statement, which excludes expenses after debt service, and includes administrative, payroll, marketing, insurance, property management fees, utilities, maintenance, deposits to commercially reasonable capital replacement reserves and payment of real estate taxes, but subject to final review and acceptance by the Consultant. “Pro Forma Financial Statement ” means the cash flow pro forma model financial statement projecting future returns, a summary of which is attached hereto as Exhibit F. “Stabilization” means the calendar month-end date on which the buildings which comprise the Building Project have first achieved an average occupancy of 90% during the preceding 12 calendar months, or such earlier date as may be requested by the Developer but, for purposes of the Cash on Cash calculation, assuming 95% occupancy notwithstanding actual occupancy rate as of such date. “Total Development Cost” means the total expenditures to complete the Project inclusive of land acquisition, hard construction costs, soft costs and financing costs as approved by Developer’s senior construction debt lender, less any grants. b. Lookback upon Completion of Construction: After completion of the Building Project but prior to issuance of any portion of the Reverse TIF Award, the Developer agrees to submit evidence of its actual Total Development Costs to the City for comparison with the estimated Total Development Costs set forth in Exhibit G attached hereto. If the actual Total Development Costs are more than $50,000 less than the estimated Total Development Costs, the Reverse TIF Award will be reduced by 100% of the amount by which the estimated costs exceed the actual costs. No portion of the Reverse TIF Award will be issued until the City and Consultant have compared actual with estimated Total Development Cost as described herein and adjusted the principal amount of the Reverse TIF Award, if necessary. c. Lookback upon Stabilization: On or before the Calculation Date, the Developer shall deliver to the City and Consultant, at a minimum: the Developer’s actual Pro Forma Financial Statement submitted to the City showing equity, NOI, debt service, and Net Annual Cashflow, and such other financial information as the Consultant and/or City shall reasonably require. (1) The Cash on Cash Average Annual Return shall be calculated by the Consultant based on the financial statements submitted to the City (in the manner the Consultant determines is consistent with the sample lookback calculation attached hereto as Exhibit F, as approved by the City). 10 (2) If the Cash on Cash Average Annual Return does not exceed 10% over the Payment Term, the Reverse TIF Award will not be revised for Lookback upon Stabilization. (3) If the Consultant determines, based on such review, that the Cash on Cash Average Annual Return over the Payment Term exceeds 10% (to be calculated in a manner comparable to the sample attached hereto as Exhibit F), then the maximum amount of the Reverse TIF Award will be reduced as determined by the Consultant in accordance with the following factors: i. First, by determining the period over which the Reverse TIF Award needs to be paid to achieve a 10% Cash on Cash Average Annual Return over the Payment Term based on the Consultant’s calculation of the Cash on Cash Average Annual Return. ii. Second, by determining the value of actual or projected (with respect to future payments) Reverse TIF Award payments over the Payment Term through the year determined in clause (i) above. iii. Third, by determining the amount equal to 50% of the difference between the original maximum amount of the Reverse TIF Award and the value calculated in clause (ii) above. iv. Finally, the new maximum amount of the Reverse TIF Award will then be determined by adding the amounts in clauses (ii) and (iii) above and rounding to the nearest $1,000 (the “Revised Reverse TIF Award Maximum Amount”). v. Such Revised Reverse TIF Award Maximum Amount will be effective upon delivery to the Developer of a written notice stating the Revised Reverse TIF Award Maximum Amount as determined by the Consultant in accordance with this Section 6.3, accompanied by the Consultant’s report , which shall be binding upon Developer. 6.4 Guaranteed Assessment and Payment. Developer agrees that the Real Estate shall carry a tax assessment value of not less than $15,119,400.00 after the Certificate of Completion is issued and waives any right of notice, protect, or right to contest such assessment. It is understood between the parties that this assessment is the minimum necessary to enable the City to offer the financial incentives contained in this Agreement. This waiver of protest and right to contest the assessment shall commence on the date of Substantial Completion of the Project and continue until Developer has paid all taxes assessed on the agreed upon value of the Real Estate until the latest of the following to occur: i) January 1 of the tax assessment year after the year of the Developer’s receipt of the full Reverse TIF Award (as adjusted pursuant to Section 6.3); and ii) tax assessments made January 1, 2039, payable in 2040 (the “Guarantee Expiration Date”). After the Guarantee Expiration Date , or in the event the assessor assesses the Real Estate above 11 $15,119,400.00, Developer shall retain all statutory rights of notice and protest to any real estate tax assessment. This minimum tax obligation shall be effective until the Guarantee Expiration Date. ARTICLE VII ASSIGNMENT AND TRANSFER 7.1 Representation as to Development. Developer represents and agrees that its undertakings pursuant to this Agreement are, and will be used, for the purpose of development of the Project and not for speculation in land holding. Developer further recognizes that, in view of the substantial financing and other public aids that have been made available by the City for the purpose of making such development possible, the public and private improvements will be constructed in a timely and workmanlike manner. 7.2 Assignment and Transfer. Notwithstanding the above, the City recognizes that Developer, once the Project has been constructed, may wish to transfer, assign, or sell the improved Real Estate to a third party. The Developer may assign, sell, convey or transfer the Project to a third party, with the written permission of the City, said permission not to be unreasonably withheld, conditioned or delayed. Provided, however, that any assignment, sale, transfer or conveyance to a third party must provide for the third party's assumption of any and all performances required by the Developer hereunder. The third party, who must be reasonably acceptable to the City by the giving of written permission herein, shall enter a Novation Agreement substituting its performance for that of Developer. In the event the City permits the transfer of the Project to a third party and a Novation Agreement is signed, Developer shall be released of any and all liability from the performance of any of the conditions of this Agreement and shall be released of any liability to the City. Notwithstanding anything therein to the contrary, the Real Estate may not be sold, transferred or conveyed to, or leased or owned by any entity or used in any manner which would render any part of the Real Estate exempt from property taxation, unless the purchaser, transferee, lessee or owner first executes a written agreement satisfactory to the City Attorney and Common Council providing for payments in lieu of taxes to the City. ARTICLE VIII EVENTS OF DEFAULT 8.1 Events of Default Defined. The following shall be deemed “Events of Default” under this Agreement and the term “Event of Default” shall mean, whenever it is used in this Agreement, any one or more of the following events: a. Failure by Developer to comply or meet any one of the material provisions of this Agreement, including time deadlines for Project completion by December 31, 2028, subject to Unavoidable Delays and performances by City of its obligations hereunder. b. Failure by Developer to substantially observe or perform any material covenant, condition, obligation or Agreement on its part to be observed or performed under this Agreement beyond any notice and cure period required hereunder. 12 c. Failure to pay any monetary obligation imposed by this Agreement. 8.2 Remedies on Default. a. If Developer commits or causes an Event of Default to occur, and fails to cure such Event of Default within thirty (30) days after receipt of written notice from City advising of such default (provided, that if such default cannot reasonably be cured within such thirty (30) day period, Developer shall have such additional time as is reasonably necessary, provided that Developer commences the cure within the original thirty (30) day period and thereafter diligently prosecutes such cure to completion), the City’s remedies shall include, but not be limited to, revocati on of building permit, withholding of Certificate of Occupancy, prohibiting the transfer or sale of the Real Estate, not issuing building permits as allowed by law, or terminating or reducing any Reverse TIF Award. The City shall have no obligation to expend any additional tax increment funds that have not already been spent in the event of Developer's default beyond any application notice and cure period required hereunder. b. If the City fails to perform under the terms of this Agreement, and fails to cure such default within thirty (30) days after receipt of written notice from Developer advising of such default (provided, that if such default cannot reasonably be cured within such thirty (30) day period, City shall have such additional time as is reasonably necessary, provided that City commences the cure within the original thirty (30) day period and thereafter diligently prosecutes such cure to completion), Developer's performance deadlines shall be extended for the time the City did not perform its obligations (regardless of the date of receipt of Developer’s default notice), and Developer may pursue remedies available. 8.3 No Remedy Exclusive. No remedy herein conferred upon or reserved to the City or Developer is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now hereafter existing at law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient. 8.4 No Additional Waiver Implied by One Waiver. In the event any provision contained in this Agreement should be breached by any party and thereafter waived in writing by any other party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other concurrent, previous or subsequent breach hereunder. ARTICLE IX ADDITIONAL PROVISIONS 9.1 Restrictions on Use. Developer agrees for itself, its successors, and assigns and every successor in interest to the Real Estate, or any part thereof, that Developer and such successors 13 and assigns shall devote the Real Estate to, and only to, and in accordance with, the uses specified in this Agreement and any applicable land covenants. 9.2 Conflicts of Interest. No member, official, or employee of the City shall have any personal interest, direct or indirect, in the Agreement, nor shall any such member, official or employee participate in any decision relating to the Agreement which affects his personal interest or the interest of any corporation, partnership or association in which he is, directly or indirectly, interested. Provided, however, that after this Agreement has been signed, a member, official, or employee of the City may have contact and business relations with Developer relating to the Real Estate only if a full disclosure is made to the Common Council of the City, and it does not impair the exercise of said member's, official's, or employee's independent judgment on behalf of the City. No member, official, employee, or consultant of the City shall be personally liable to Developer, or any successor of interest, in the event of any default or breach by the City for any amount that may become due to Developer or successor, or on any obligation under the terms of the Agreement. 9.3 Title of Articles and Sections. Any titles of the several parts, articles and sections of the Agreement are inserted for the convenience of reference only and shall be disregarded in construing or interpreting any of its provisions. 9.4 Notices and Demands. Except as otherwise expressly provided in this Agreement, a notice, demand, or other communication under the Agreement by either party to the other shall be sufficiently given or delivered if it is dispatched by registered or certified mail, postage prepaid, return receipt requested, by reputable overnight delivery service, or delivered personally; and (a) in the case of Developer as addressed to or delivered personally at: 1411 Winchester Way, Suite 8, Altoona, WI 54720 (b) in the case of the City as addressed to or personally delivered to the City at: City Hall, 800 Borner St. N, Prescott, WI 54021, Attention: City Administrator, with copy to City Clerk; or at such other addresses with respect to either such party as that party may, from time to time, designate in writing, and forward to the other as provided in this section. 9.5 Counterparts. This Agreement is executed in any number of counterparts, each of which shall constitute one in the same instrument. 9.6 Law Governing. This Agreement shall be governed by and construed in accordance with the laws of the State of Wisconsin. 9.7 Short Form Recordable. A short form of this Agreement shall be recorded in the chain of title to all affected properties hereunder. Said form is attached as Exhibit B as a Memorandum of Development Agreement. 9.8 Release of All Oral or Written Agreements. Upon the signing of this Agreement, all prior oral and written Agreements between the City and Developer are terminated and released, as this document contains the complete Agreement between the parties with respect to the Project. 14 9.9 Hold Harmless and Indemnification. The Developer hereby expressly agrees to indemnify and hold the City and its agents harmless from and against all claims, costs and liability of every kind and nature arising out of construction of the Project, for injury or damage received or sustained by any person or entity in connection with, or on account of the performance of work at the Real Estate and elsewhere pursuant to this Agreement, except solely to the extent where such injury or damage is caused by the City or its employees. The Developer further agrees to aid and defend the City or its agents (at no cost to the City or its agents) in the event they are named as a defendant in an action concerning the performance of work pursuant to this Agreement except where such suit is brought by the Developer. The Developer is not an agent or employee of the City. 9.10 Resolutions and Attorney's Letter. Developer warrants that it has adopted a corporate resolution authorizing the signing of this Agreement, and the City warrants that a resolution has been passed by the Common Council authorizing the signing of this document. Upon request from the City, Developer shall provide City with a letter from its attorney stating that the signing officers of Developer hold such designated positions and have authority to so sign. ARTICLE X OTHER PERFORMANCES 10.1 Installation of Improvements. Developer, at its sole cost and expense, shall be completely responsible for the installation of all private improvements, Public Improvements, utilities and the construction of the Project . N one of the Project shall be constructed by the City. The City's obligation herein is to provide the amounts of tax increment financing for the purposes specified in Section 4.1 and the TIF Plan. 10.2 Public Expenditures. The Developer and the City agree that all efforts have been made to accurately identify the costs of the Project and the value of the public and private investment that are the basis for the utilization of tax increments necessary to amortize public expenditures related to this Project. Notwithstanding the above, nothing in Article X shall be construed as requiring or authorizing the expenditure of public monies above the maximum limits set forth in Sections 4.1 and 6.2 of this Agreement or the TIF Plan attached hereto and made a part hereof, which may only be authorized by the Common Council. Remainder Intentionally Left Blank [Signature Page] IN WITNESS WHEREOF, the City has caused this Agreement to be duly executed in its name and behalf and Developer has caused this Agreement to be duly executed in its name and behalf and on the date first above written. CITY OF PRESCOTT Michael H. Gerke, Mayor ATTEST: Rashel Temmers, City Clerk TB-PRESCOTT, LLC By: Name: Trevor Bohland Title: Authorized Representative [Exhibit List] EXHIBIT LIST Exhibit A: Real Estate Legal Description Exhibit B: Memorandum of Development Agreement Exhibit C: TIF Plan Exhibit D: [Intentionally Omitted] Exhibit E: Project Specific Requirements Exhibit F: Pro Forma Exhibit G: Total Development Costs [Exhibit A] Exhibit A Legal Description LOCATED IN THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4, SECTION 10, TOWNSHIP 26 NORTH, RANGE 20 WEST, CITY OF PRESCOTT, PIERCE COUNTY, WISCONSIN, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: • COMMENCING AT THE EAST 1/4 OF SECTION 10; • THENCE, N.00°28'10"E., ALONG THE EAST LINE OF THE NORTHEAST 1/4 OF SECTION 10, A DISTANCE OF 849.23 FEET; • THENCE, N.89°31'50"W., A DISTANCE OF 33.00 FEET TO THE NORTH RIGHT OF WAY OF GLEN RIDGE DRIVE, BEING THE POINT OF BEGINNING; • THENCE S.89°16'08"W., ALONG SAID NORTH RIGHT OF WAY A DISTANCE OF 640.81 FEET TO WEST LINE OF LOT 17, MELSTROM'S GLENRIDGE 1ST ADDITION • THENCE, N.00°35'12"W., A DISTANCE OF 135.16 FEET TO THE NORTHWEST CORNER OF SAID LOT 17; • THENCE, N.89°16'22"E., ALONG THE NORTH LINE OF SAID LOT 17, A DISTANCE OF 120.00 FEET TO THE SOUTHEAST CORNER OF LOT 15, MELSTROM'S GLEN RIDGE 1ST ADDITION; • THENCE, N.00°35'51"W., ALONG THE EAST LINE OF SAID LOT 15, A DISTANCE OF 180.00 FEET TO A POINT ON THE SOUTH LINE OF LOT 14, MELSTROM'S GLEN RIDGE 1ST ADDITION; • THENCE, N.89°16'33"E., ALONG SAID SOUTH LINE OF LOT 14, A DISTANCE OF 33.00 FEET; • THENCE, N.89°37'43"E., A DISTANCE OF 493.60 FEET TO THE WEST RIGHT OF WAY OF DEXTER STREET; • THENCE, S.00°28'10"E., ALONG SAID WEST RIGHT OF WAY, A DISTANCE OF 312.12 FEET TO THE POINT OF BEGINNING. AND BEING SUBJECT TO EXISTING EASEMENTS For informational purposes only: Tax Parcel No. 271-01160-1780 (271011601780) [Exhibit B] Exhibit B Memorandum of Development Agreement (see attached) 271-01160-1780 (271011601780) Parcel Identification Numbers (PINs) This is not homestead property. This is not a conveyance under Wis. Stat. § 77.21(1), and is not subject to transfer return or fee. THIS DOCUMENT WAS DRAFTED BY: Attorney Christopher B. Gierhart Weld Riley, S.C. PO Box 1030 Eau Claire, WI 54702-1030 MEMORANDUM OF DEVELOPMENT AGREEMENT Recording Area Name and Return Address Christopher B. Gierhart Weld Riley, S.C. PO Box 1030 Eau Claire, WI 54702-1030 1 MEMORANDUM OF DEVELOPMENT AGREEMENT THIS MEMORANDUM OF DEVELOPMENT AGREEMENT (this “Memorandum”) is made and entered into by and between the City of Prescott, a Wisconsin municipal corporation (“City”) and TB-Prescott, LLC, a Wisconsin limited liability company (“Developer”), who agree as follows: WHEREAS, as of May ____, 2026 , a Development Agreement (the “Development Agreement”) was entered into by and between the City and Developer regarding the property legally described on the attached Exhibit A (the “Property”); and WHEREAS, Developer and City wish to memorialize of record the existence of the Development Agreement. NOW THEREFORE, for good and valuable consideration, the sufficiency of which is agreed, Developer and City agree as follows: 1. Notice is hereby given that the Property is subject to all terms and conditions of the Development Agreement. 2. Reference is made to the Development Agreement for a full statement of the terms and conditions of the Development Agreement, all of which are incorporated herein by reference. 3. This Memorandum is made and executed by the parties for the purpose of recording the same in the applicable office in the county in which the Property is located. This Memorandum is executed and delivered with the understanding and agreement that it shall not in any manner whatsoever, alter, modify, or vary the terms and conditions of the Development Agreement. 4. The obligations of City and Developer under the Development Agreement run with the Property and inure to the benefit of City and Developer, and their respective successors and assigns, and are incorporated herein by this reference [Signature Pages Follow] [Signature Page 1 of 2] IN WITNESS WHEREOF, the parties have caused this Memorandum to be executed on the date(s) set forth below. CITY: Michael H. Gerke, Mayor Rashel Temmers, City Clerk ACKNOWLEDGEMENT STATE OF WISCONSIN ) )ss. COUNTY OF PIERCE ) Personally came before me on the ____ day of May, 2026, the above-named Michael H. Gerke and Rashel Temmers, to me known to be the person who executed the foregoing instrument and acknowledged the same. _______________________________________ ___________________________, Notary Public State of ____________________ My commission expires: ___________________ [Signature Page 2 of 2] DEVELOPER: TB-PRESCOTT, LLC By: Name: Trevor Bohland Title: Authorized Representative ACKNOWLEDGEMENT STATE OF WISCONSIN ) )ss. COUNTY OF __________________ ) Personally came before me on the ____ day of May, 2026, the above-named Trevor Bohland, to me known to be the person who executed the foregoing instrument and acknowledged the same. _______________________________________ ___________________________, Notary Public State of ____________________ My commission expires: ___________________ [Exhibit A] Exhibit A Legal Description of Property LOCATED IN THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4, SECTION 10, TOWNSHIP 26 NORTH, RANGE 20 WEST, CITY OF PRESCOTT, PIERCE COUNTY, WISCONSIN, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: • COMMENCING AT THE EAST 1/4 OF SECTION 10; • THENCE, N.00°28'10"E., ALONG THE EAST LINE OF THE NORTHEAST 1/4 OF SECTION 10, A DISTANCE OF 849.23 FEET; • THENCE, N.89°31'50"W., A DISTANCE OF 33.00 FEET TO THE NORTH RIGHT OF WAY OF GLEN RIDGE DRIVE, BEING THE POINT OF BEGINNING; • THENCE S.89°16'08"W., ALONG SAID NORTH RIGHT OF WAY A DISTANCE OF 640.81 FEET TO WEST LINE OF LOT 17, MELSTROM'S GLENRIDGE 1ST ADDITION • THENCE, N.00°35'12"W., A DISTANCE OF 135.16 FEET TO THE NORTHWEST CORNER OF SAID LOT 17; • THENCE, N.89°16'22"E., ALONG THE NORTH LINE OF SAID LOT 17, A DISTANCE OF 120.00 FEET TO THE SOUTHEAST CORNER OF LOT 15, MELSTROM'S GLEN RIDGE 1ST ADDITION; • THENCE, N.00°35'51"W., ALONG THE EAST LINE OF SAID LOT 15, A DISTANCE OF 180.00 FEET TO A POINT ON THE SOUTH LINE OF LOT 14, MELSTROM'S GLEN RIDGE 1ST ADDITION; • THENCE, N.89°16'33"E., ALONG SAID SOUTH LINE OF LOT 14, A DISTANCE OF 33.00 FEET; • THENCE, N.89°37'43"E., A DISTANCE OF 493.60 FEET TO THE WEST RIGHT OF WAY OF DEXTER STREET; • THENCE, S.00°28'10"E., ALONG SAID WEST RIGHT OF WAY, A DISTANCE OF 312.12 FEET TO THE POINT OF BEGINNING. AND BEING SUBJECT TO EXISTING EASEMENTS For informational purposes only: Tax Parcel No. 271-01160-1780 (271011601780) [Exhibit C] Exhibit C City-Approved Tax Increment Financing Plan, Tax Incremental District No. 6 (see attached) [Exhibit D] Exhibit D [Intentionally Omitted] [Exhibit E] Exhibit E Project Specific Requirements 1. General Public Improvement Provisions . Developer agrees that it will construct public Project improvements to be dedicated to the public in substantial conformance with the Site Plan and this Agreement, as such are more specifically described herein (the “Public Improvements”), at its sole cost and expense. The City Engineer will review and approve consistent with the Municipal Code, all construction plans and specifications for the Public Improvements prior to commencement of the work. The following provisions apply with respect to construction of the Public Improvements: a. The City shall have the right, at such times and upon such locations as it deems necessary, to inspect the construction of the Public Improvements to ensure compliance with plans and specifications, good engineering and construction practices, and all the requirements of law and the Municipal Code. Inspections done by the City shall be at the expense of the City. The Developer shall pay for independent testing required by the City and in accordance with the Municipal Code. b. The Developer shall not abandon any existing City utilities serving the Real Estate or connect to any underground City utilities without the City Engineer or his/her designee being present to inspect the work. c. The Developer shall permit the representatives of the City to have access to the Project and the Real Estate at all reasonable times during and following the construction when such party deems access necessary to ensure compliance with the terms and condit ions of this Agreement. No compensation shall be payable, nor shall any charge be made in any form by any party for the access provided in this Agreement. d. Developer agrees to engage qualified contractors/subcontractors for all construction of the Public Improvements who shall perform such work in compliance with the Municipal Code. Verification of qualified contractors/subcontractor shall be based upon a re asonable demonstration of expertise and experience that they are qualified to complete construction of the Public Improvements. Developer shall, not less than seven (7) calendar days prior to any commencement of work on the Public Improvements, furnish the City Engineer with the names of all contractors that will construct the Public Improvements and their subcontractors; the classification of the work the contractors and subcontractors will perform; proposed dates for commencement of work; and a schedule for the work. e. Developer agrees that no construction work shall be initiated for the Public Improvements without the City Engineer’s approval of the starting date and schedule. No work shall commence on any City property until all parties have signed this Agreement, all Exhibits have been attached, and an approved letter of credit/bond/cash deposit and insurance certificate (as provided herein) is on file with the City. Notwithstanding the foregoing, Developer may commence tree removal on the Development Site immediately, provided Developer has first obtained all necessary permits. f. The City shall inspect the Public Improvements as they are completed and, if the same are acceptable to the City staff and/or City Engineer, shall certify, with such certification not being unreasonably withheld conditioned or delayed, such Public Improvements as being in compliance with the specifications of this Agreement. Such inspection and certification, if appropriate, will occur within ten (10) days of written notice by Developer that Developer desires to have the City inspect a Public Improvement. Certification by the City does not constitute a waiver by the City of the right to draw funds under the letter of credit (or cash deposit, as applicable) on account of defects in or failure of any Public Improvement that is [Exhibit E] detected or which occurs within the 14-months immediately following such certification. Developer further agrees that the Public Improvements will not be accepted by the City until all of the following have occurred as to each Public Improvement for which Developer seeks acceptance by the City: i) the Public Imp rovements for the specific Phase have all been completed and have been inspected and approved by the City; ii) all outstanding City-incurred costs, including engineering and inspection charges, to the extent said owed by Developer to the City, have been paid in full; and iii) as built record drawings have been submitted to the City and reviewed and approved by the City. g. Public Improvements, upon meeting the specifications of this Agreement, shall be submitted for Common Council approval no later than thirty (30) days from the request of Developer to so dedicate. i. Lien Waivers. Developer shall provide affidavits and/or lien waivers to the City indicating that all contractors, all subcontractors, and all suppliers of materials for the work have been paid in full for all work and materials furnished under this Agreement. These affidavits and/or lien waivers are to be provided at least fourteen (14) days before the City will consider any reduction of the letter of credit /cash deposit , as provided for in this Agreement. ii. Maintenance. At Developer’s sole expense, Developer agrees to provide for maintenance and repair of all required Public Improvements until such Public Improvements are formally accepted by the City by resolution. The City shall be responsible for maintenance, including snow removal from the public roadways, after such Public Improvements have been formally accepted. iii. Corrections. The City will provide timely written notice to Developer whenever an inspection reveals that a Public Improvement does not conform to the specifications approved by the City Engineer or the Site Plan. Developer shall have thirty (30) days from the issuance of such notice to correct or substantially correct the defect (provided, that if such default cannot reasonably be cured within such thirty (30) day period, Developer shall have such additional time as is reasonably necessary, provided that Developer commences the cure within the original thirty (30) day period and thereafter diligently prosecutes such cure to completion ). The City shall not declare a default under this Agreement during the thirty (30) day correction period on account of any such defect unless it is clear Developer does not intend to correct the defect or unless the City determines that immediate action i s required in order to remedy a situation which poses an imminent health or safety threat. h. In the event the City issues Developer a notice of defect pursuant to Subsection 1.g.iii above of this Exhibit E, Developer shall reimburse the City for its actual cost of inspection, testing, and any associated legal fees for all actions taken in verifying correction of the defect. The City’s costs shall be determined as follows: i. The cost of City employees’ time engaged in any way with the verification based on the hourly rate paid to the employee multiplied by a factor determined by the City representing the City’s cost for expenses, benefits (including insurance), sick leave, holidays, overtime, vacation, and similar benefits. ii. The cost of City equipment employed. iii. The cost of mileage reimbursed to City employees. iv. All consultant fees, including legal and engineering, associated with the verification. v. City shall not issue any Certificates of Occupancy until such time as Developer has paid all costs pursuant to this Subsection 1.h of this Exhibit E. [Exhibit E] i. An irrevocable letter of credit approved by the City Attorney shall be submitted for all Public Improvements. In lieu of a letter of credit, the Developer may submit a performance bond from a reputable bonding institution or a cash deposit. The amount of the cash deposit, bond or letter of credit shall be in the amount of 120% of the value of the outstanding Public Improvements and erosion control including warranties of completed work on a phase basis as determined by the City Engineer. The letter of credi t, cash deposit or bond shall be valid throughout the entire 14-month public improvement warranty period set forth in Subsection 1.j of this Exhibit E. The letter of credit, cash deposit or bond may require periodic renewal in order to secure the Public Improvements through the warranty period. The amount of the letter of credit , cash deposit or bond shall be periodically reduced in amounts equal to the payments made by Developer for the costs of all Public Improvements, in each case subject to approval by the City Engineer. Upon substantial completion of Public Improvements, the Developer may lower the amount of the Letter of Credit, Cash Deposit or Bond by request to the City Engineer. The Letter of Credit , Cash Deposit or Bond must still secure 10% of the amount of the completed Public Improvements and 100% of the amount of the remaining Public Improvements. j. Developer agrees to guarantee and warrant all work performed under this Agreement related to a Public Improvement for a period of fourteen (14) months from the date of final acceptance by the City of a Public Improvement completed by Developer under this A greement against defects in workmanship or materials. If any defect should appear during the guarantee period, Developer agrees to make required replacement or acceptable repairs of the defective work at its own expense. This expense includes total and co mplete restoration of any disturbed surface or component of the Public Improvement to the specifications as set forth herein. All guarantees or warranties for materials or workmanship which extend beyond the above 14 - month guarantee period shall be assigned by Developer to the City. The City shall release in full the letter of credit , cash deposit or bond immediately upon expiration of the warranty period. 2. Public Improvements . Develop er will construct and install the following Public Improvements consistent with the Site Plan, the Municipal Code, and plans approved by the City Engineer: a. Developer will install a public sidewalk along the west side of Dexter Street from the intersection of Dexter and Glenridge to the north so that it connects with the trail and the crosswalk system. b. The Developer will install a crosswalk on the northeast corner of the Development Site that will include a n RRFB system at Developer’s cost. The crosswalk system will be placed so that it aligns with the future trail connection headed to the west. c. The Developer, at its cost and expense, will design (subject to City Engineer approval), construct, and install a public bike path connecting the Dexter Street and Borner Street trail systems (the “Bike Path”). Within ten (10) business days of the issuance of the Certificate of Completion, the City shall pay to the Developer the Developer’s verified out-of-pocket costs incurred by Developer for design, construction, and installation of the Bike Path, not to exceed $80,000.00, which out -of-pocket costs shall be verified by paid invoices, other evidence of payment, and lien waivers upon request. d. The aforementioned Public Improvements shall be completed prior to issuance of the Certificate of Completion. [Exhibit E] 3. Impact Fees. Prior to issuance of a building permit for the building associated with the Project, the Developer shall pay to the City the following impact fees: Building #1 (3" Meter) Building #2 (3" Meter) Building #3 (2" Meter) Water $10,044 $10,044 $5,357 Sewer $31,147 $31,147 $16,847 $41,191 $41,191 $22,204 $104,586 4. Fee in lieu of Park Dedication. In lieu of Park dedication, and prior to issuance of a building permit for the buildings associated with the Project, the Developer shall pay the City $75,000.00 to be used by the City for future park improvements. 5. Easement. Upon execution of this Agreement , the City and Developer shall enter into a Perpetual Municipal Utility Easement, substantially in the form attached hereto as Exhibit 1 to this Exhibit E, for the existing watermain located on the Development Site. [Exhibit 1 to E] Exhibit 1 to Exhibit E (see attached) 1 | | | | | | | | | Document No. | | | | | | | PERPETUAL MUNICIPAL UTILITY EASEMENT | AGREEMENT | | | | | | Return to: | Weld Riley, S.C. | Attn: Christopher Gierhart | 3624 Oakwood Hills Pkwy | Eau Claire, WI 54701 | 271-01160-1780 Parcel Number(s) THIS PERPETUAL MUNICIPAL UTILITY EASEMENT AGREEMENT (this “Agreement”) is made as of the _____ day of May, 2026, by and between TB-Prescott, LLC, a Wisconsin limited liability company (the “Owner”), and the City of Prescott, a Wisconsin municipal corporation (the “City”). R E C I T A L S : A. The Owner is the fee holder of certain real property in the City of Prescott, Pierce County, State of Wisconsin, as more particularly described on the attached and incorporated Exhibit A (the “Property”). B. The City desires to acquire a permanent and perpetual non -exclusive easement for an existing watermain (collectively, the “Municipal Utilities”) and non-exclusive access easement into, under, on, over, across, through, and upon that certain portion of the Property as shown on the attached Exhibit B, attached hereto and incorporated herein by reference (the “Easement Area”), with the right of entry in and across the Property. AGREEMENT Now, therefore, for good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows: 1. Grant of Easement. The Owner grants to the City a permanent and perpetual non -exclusive municipal utility easement into, under, on, over, across, through, and upon that certain portion of 2 the Property for the construction, operation, use, maintenance, repair, and reconstruction of a watermain in the Easement Area (the “Utility Easement”). 2. Grant of Access Easement. Owner grants and conveys unto City a permanent and perpetual, non- exclusive access easement (the “ Access Easement,” and together with the Utility Easement, the “Easement”) on, over, across, through, and upon the Property for vehicular and pedestrian ingress and egress to the Municipal Utilities. 3. Right of Entry. Owner consents to the entry by the employees, workers, agents, or independent contractors of the City for and incidental to the construction, operation, use, maintenance, repair, and reconstruction of the Municipal Utilities and the Easement Area. 4. Consistent Uses Allowed; Costs. The Owner reserves the right to use the Easement and Easement Area for purposes that will not interfere with the City’s full enjoyment of the Easement rights granted in this Agreement. The Owner and City agree that the Owner may construct an asphalt or other paved parking lot (the “ Permitted Parking Surface ”) over the Easement Area ; provided, however, that in the event the City needs to access the Municipal Utilities within the Easement Area for any reason consistent with th e terms of this Agreement, the Owner shall be solely responsible for the costs of removal and replacement of any Permitted Parking Surface, together with any subsurface materials. The City shall only be responsible for the costs related to the maintenance, repair and replacement of the Municipal Utilities and excavation of materials underneath the Permitted Parking Surface. City agrees to use commercially reasonable efforts to minimize removal of any Permitted Parking Surface to the extent reasonably necessary to access the Municipal Utilities. 5. Interference. Owner shall submit plans for review and approval by the City’s Director of Public Works, or designee, for any proposed improvement, alteration, or modification that Owner would like to complete in the Easement Area. City review will be limited to compli ance with City ordinances and preventing interference with the construction, operation, use, maintenance, repair, or reconstruction of the Municipal Utilities or access thereto. Construction of buildings, stoops, walls, fencing, or permanent structures of any kind within the Easement Area is prohibited unless otherwise approved by the City’s Director of Public Works. 6. Venue and Governing Law. This Agreement shall be governed in all respects, whether as to the validity, construction, capacity, performance, or otherwise by the laws of the State of Wisconsin. Any suit, proceeding, or other action arising out of or related to this Agreement shall be commenced and maintained only in a court of competent jurisdiction located in the state court located in Pierce County, Wisconsin or federal court located in Eau Claire County, Wisconsin. Each party irrevocably consents to submit to the exclusive jurisdiction of such courts. 7. Municipal Liability . Nothing contained within this Agreement is intended to be a waiver or estoppel of the City or its insurer to rely upon the limitations, defenses, and immunities contained within Wis. Stat. § 893.80, 895.52, and 345.05. The City or its insurer shall not be liable in indemnity, contribution or otherwise for an amount greater than the limits of liability for municipal claims established by Wisconsin law. The provisions of this section shall survive the termination or expiration of this Agreement. 8. Covenants Run with Land. All terms and conditions in this Agreement, including the benefits 3 and burdens, shall run with the land and shall be binding upon, inure to the benefit of, and be enforceable by the Owner and the City and their respective successors and assigns. 9. Non-Use. Non-use or limited use of the Easement rights granted in this Agreement shall not prevent the benefiting party from later use of the Easement rights to the fullest extent authorized in this Agreement. 10. Entire Agreement. This Agreement sets forth the entire understanding of the parties and may not be changed except by a written document executed and acknowledged by all parties to this Agreement and duly recorded in the office of the Register of Deeds of Pierce County, Wisconsin. 11. Notices. All notices to either party to this Agreement shall be delivered in person, sent by reputable overnight delivery or courier service, or sent by certified mail, postage prepaid, return receipt requested, to the other party at that party’s last known address. If the other party’s address is not known to the party desiring to send a notice, the party sending the notice may use the addres s to which the other party’s property tax bills are sent. Either party may change its address for notice by providing written notice to the other party. 12. Invalidity. If any term or condition of this Agreement, or the application of this Agreement to any person or circumstance, shall be deemed invalid or unenforceable, the remainder of this Agreement, or the application of the term or condition to persons or circumstances other than those to which it is held invalid or unenforceable, shall not be affected thereby, and each term and condition shall be valid and enforceable to the fullest extent permitted by law. 13. Waiver. No delay or omission by any party in exercising any right or power arising out of any default under any of the terms or conditions of this Agreement shall be construed to be a waiver of the right or power. A waiver by a party of any of the obligations o f the other party shall not be construed to be a waiver of any breach of any other terms or conditions of this Agreement. 14. Enforcement. Enforcement of this Agreement may be by proceedings at law or in equity against any person or persons violating or attempting or threatening to violate any term or condition in this Agreement, either to restrain or prevent the violation or to obtain any other relief. If a suit is brought to enforce this Agreement, the prevailing party shall be entitled to recover its costs, including reasonable attorney fees, from the nonprevailing party. 15. No Liens. No party to this Agreement shall permit any claim, lien or other encumbrance arising from any party’s use of the Easement referenced herein to accrue against or attach to the property of any other party to this Agreement. 16. Authority to Sign. The undersigned persons executing this Agreement on behalf of the City and the Owner represent and certify that they are fully empowered to execute and deliver this document; that Owner has the full capacity to convey Easement described herein; and that all necessary action for the making of such conveyance has been taken and done. 17. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. [SIGNATURE PAGES FOLLOW] [Signature Page 1 of 2] IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above. OWNER: TB-PRESCOTT, LLC By: __________________________ Name: Trevor Bohland Title: Authorized Representative ACKNOWLEDGEMENT STATE OF WISCONSIN ) )ss. COUNTY OF __________________ ) Personally came before me on the ____ day of May, 2026, the above-named Trevor Bohland, to me known to be the person(s) who executed the foregoing instrument and acknowledged the same. _______________________________________ ___________________________, Notary Public State of ____________________ My commission expires: ___________________ THIS DOCUMENT DRAFTED BY: Atty Christopher B. Gierhart Weld Riley, S.C. PO Box 1030 Eau Claire, WI 54702-1030 [Signature Page 2 of 2] CITY: City of Prescott, a Wisconsin municipal corporation By: Michael H. Gerke, Mayor Attest: Rashel Temmers, City Clerk ACKNOWLEDGEMENT STATE OF WISCONSIN ) )ss. COUNTY OF PIERCE ) Personally came before me on the ____ day of May, 2026, the above-named Michael H. Gerke and Rashel Temmers , to me known to be the person(s) who executed the foregoing instrument and acknowledged the same. _______________________________________ ___________________________, Notary Public State of ____________________ My commission expires: ___________________ THIS DOCUMENT DRAFTED BY: Atty Christopher B. Gierhart Weld Riley, S.C. PO Box 1030 Eau Claire, WI 54702-1030 [Exhibit A] EXHIBIT A (Legal description of Property) LOCATED IN THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4, SECTION 10, TOWNSHIP 26 NORTH, RANGE 20 WEST, CITY OF PRESCOTT, PIERCE COUNTY, WISCONSIN, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: • COMMENCING AT THE EAST 1/4 OF SECTION 10; • THENCE, N.00°28'10"E., ALONG THE EAST LINE OF THE NORTHEAST 1/4 OF SECTION 10, A DISTANCE OF 849.23 FEET; • THENCE, N.89°31'50"W., A DISTANCE OF 33.00 FEET TO THE NORTH RIGHT OF WAY OF GLEN RIDGE DRIVE, BEING THE POINT OF BEGINNING; • THENCE S.89°16'08"W., ALONG SAID NORTH RIGHT OF WAY A DISTANCE OF 640.81 FEET TO WEST LINE OF LOT 17, MELSTROM'S GLENRIDGE 1ST ADDITION • THENCE, N.00°35'12"W., A DISTANCE OF 135.16 FEET TO THE NORTHWEST CORNER OF SAID LOT 17; • THENCE, N.89°16'22"E., ALONG THE NORTH LINE OF SAID LOT 17, A DISTANCE OF 120.00 FEET TO THE SOUTHEAST CORNER OF LOT 15, MELSTROM'S GLEN RIDGE 1ST ADDITION; • THENCE, N.00°35'51"W., ALONG THE EAST LINE OF SAID LOT 15, A DISTANCE OF 180.00 FEET TO A POINT ON THE SOUTH LINE OF LOT 14, MELSTROM'S GLEN RIDGE 1ST ADDITION; • THENCE, N.89°16'33"E., ALONG SAID SOUTH LINE OF LOT 14, A DISTANCE OF 33.00 FEET; • THENCE, N.89°37'43"E., A DISTANCE OF 493.60 FEET TO THE WEST RIGHT OF WAY OF DEXTER STREET; • THENCE, S.00°28'10"E., ALONG SAID WEST RIGHT OF WAY, A DISTANCE OF 312.12 FEET TO THE POINT OF BEGINNING. AND BEING SUBJECT TO EXISTING EASEMENTS For informational purposes only: Tax Parcel No. 271-01160-1780 (271011601780) [Exhibit B] EXHIBIT B (Legal description of Easement Area) LOCATED IN THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4, SECTION 10, TOWNSHIP 26 NORTH, RANGE 20 WEST, CITY OF PRESCOTT, PIERCE COUNTY, WISCONSIN AND BEING MORE PARTICULARLY DESCRIBED AS A 20.00 FOOT WIDE EASEMENT, WHICH LIES 10.00 FEET ON EACH SIDE OF THE FOLLO WING DESCRIBED CENTERLINE: COMMENCING AT THE EAST 1/4 OF SECTION 10; THENCE, N.00°28’10”E., ALONG THE EAST LINE OF THE NORTHEAST 1/4 OF SECTION 10, A DISTANCE OF 849.23 FEET; THENCE, N.89°31’50”W., A DISTANCE OF 33.00 FEET TO THE NORTH RIGHT OF WAY OF GLENRIDGE DRIVE; THENCE S.89°16’08”W., ALONG SAID NORTH RIGHT OF WAY A DISTANCE OF 277.80 FEET TO THE POINT OF BEGINNING OF THE CENTERLINE TO BE DESCRIBED; THENCE, N.01°47’03”W., A DISTANCE OF 313.93 FEET AND SAID CENTERLINE THERE TERMINATING. THE SIDELINES OF THE EASEMENT ARE TO BE PROLONGED OR SHORTENED TO TERMINATE ON THE NORTH AND SOUTH PROPERTY BOUNDARIES OF THE AFFECTED PARCEL. [Exhibit F] Exhibit F Pro Forma (see attached) [Exhibit G] Exhibit G Total Development Costs (see attached) 38369046.7