7-20-26 – Joint Review Board FULL PACKET

Please note that, upon reasonable notice, at least 24 hours in advance, efforts will be made to accommodate the needs of disabled individuals through appropriate aids and services or provide a video link for meetings. For additional information to request this service, please contact the City Clerk's Office at 715 - 479-8682 ext. 222, 525 E. Maple Street, P.O. Box 1269, Eagle River WI 54521. Posted 7/14/2026 rcg AGENDA NOTICE NOTICE OF JOINT REVIEW BOARD MEETING REGARDING THE 2025 TID ANNUAL REPORT FOR TAX INCREMENTAL DISTRICT (TID) NUMBERS 2 and 3 IN THE CITY OF EAGLE RIVER, WISCONSIN NOTICE IS HEREBY GIVEN, that the City of Eagle River will hold a Joint Review Board meeting on MONDAY, July 20, 2026 at 3:00 p.m. at the Eagle River City Hall, located at 525 E. Maple Street, Eagle River, Wisconsin. The purpose of this meeting is for the Joint Review Board to review the Annual Financial Reports for TID Nos. 2 and 3. The meeting is open to the public, and may also be attended online at the following link: https://us06web.zoom.us/j/82550322029?pwd=PHtXfVmWiMTJ7SnXFleiji67ZR2LPK.1 Meeting ID: 825 5032 2029 Passcode: 966120 1. Call to Order 2. Roll Call 3. Approve Minutes of Previous Meeting 4. Discussion and Possible Action on the Following Agenda Items: a. Annual 2025 Financial Review TID No. 2 b. Annual 2025 Financial Review TID No. 3 c. Joint Review Board Resolution Acknowledging Filing Of Annual Reports And Compliance With Annual Meeting Requirement City Of Eagle River d. Motion to accept financial statements for TID Districts 2 & 3 5. Adjourn. Arrangements for either inspection or receipt of a copy of the Annual Report may be made by contacting the City Clerk, 525 E. Maple Street, Eagle River, WI; Phone 715-479-8682. Submitted by Robin Ginner, City Administrator Joint Review Board September 15, 2025 Meeting Minutes 1. Call to Order at 8:30 AM 2. Roll Call: Scott Foster - Northland Pines, Megan Gerber - Nicolet College, Robin Ginner - City of Eagle River, Becky Bolte – Citizen Member 3. Motion/Second, Foster/Bolte, to approve the minutes of the November 2024 Joint Review Board meeting. Motion Carried 4. Motion/Second, Gerber/Foster, to accept the resolution acknowledging filing of annual reports and compliance with annual meeting requirement of the City of Eagle River. Motion Carried. 5. Presentation and review of TID audit findings and annual reports for Tax Increment Districts 2 and 3 for the City of Eagle River. Motion/Second, Foster/Gerber, to accept the annual reports for Tax Increment Districts 2 and 3 as presented. Motion Carried. 6. Motion/Second, Foster/Bolte to adjourn at 8:36 AM. Motion carried. Robin Ginner, City Administrator WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 1 – Municipality and TID Co-muni code Municipality County Due date Report type TID number TID type TID name Creation date Mandatory termination date Anticipated termination date Section 2 – Beginning Balance Amount TID fund balance at beginning of year 63221 EAGLE RIVER VILAS 07/01/2026 ORIGINAL 002 6S tid 2 09/11/2007 09/11/2047 N/A $-570,664 Section 3 – Revenue Amount Tax increment Investment income Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID $131,380 $13,956 TID number Developer guarantees Developer name Transfer from other funds Source Grants Source Other revenue Source Total Revenue (deposits) $145,336 Page of 1 4 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 4 – Expenditures Amount Capital expenditures Administration Professional services Interest and fiscal charges DOR fees Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID $19 $3,495 $150 $18,000 TID number Developer grants Developer name N/A $0 Transfer to other funds Fund General fund for interest $112,612 Other expenditures Name Total Expenditures $134,276 Section 5 – Ending Balance Amount TID fund balance at end of year Future costs Future revenue Surplus or deficit $-559,604 $250,000 $809,604 $0 Page of 2 4 WI Dept of Revenue TID Annual Report Form PE-300 2025 Current Year TID New Construction Values TID TID New Construction Increase TID New Construction Decrease Prior Year Correction TID Net New Construction (NNC) Section 6 – TID New Construction 002 $551,200 $0 $35,100 $586,300 003 $672,800 $0 $23,600 $696,400 Total $1,224,000 $0 $58,700 $1,282,700 Current Year Allowable Levy Increase Attributable to TID NNC TID TID Net New Construction Prior Year Municipal Equalized Value TID Net New Construction % Prior Year Adjusted Actual Levy Allowable Levy Increase Attributable to TID Net New Construction 002 $586,300 $303,980,200 0.19 $1,091,781 $2,074 003 $696,400 $303,980,200 0.23 $1,091,781 $2,511 Total $1,282,700 $303,980,200 0.42 $1,091,781 $4,585 Current Year Actual TID NNC Impact to Municipal Levy Levy Increase Attributable to TID Net New Construction Increase per $100,000 $0 $0 Historical Allowable Levy Increase Attributable to TID NNC Year TID TID Net New Construction TID Net New Construction % Allowable Levy Increase Attributable to TID Net New Construction Prior Year Adjusted Actual Levy Prior Year Municipal Equalized Value 2024 002 $63,900 $276,030,000 0.02 $1,078,185 $216 2024 003 $312,600 $276,030,000 0.11 $1,078,185 $1,186 2024 Total $376,500 $276,030,000 0.13 $1,078,185 $1,402 2023 002 $685,200 $234,215,600 0.29 $1,064,810 $3,088 2023 003 $1,397,000 $234,215,600 0.60 $1,064,810 $6,389 2023 Total $2,082,200 $234,215,600 0.89 $1,064,810 $9,477 Page of 3 4 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 7 – Preparer/Contact Information Preparer name Preparer title Preparer email Preparer phone Contact name Contact title Contact email Contact phone Scott Sternhagen Principal (920) 455-4132scott.sternhagen@claconnect.com Corinne Hoffmann City Treasurer (715) 479-8682choffmann@eagleriverwi.gov Submission Information Co-muni code TID number Submission date Confirmation Submission type 63221 002 06-23-2026 01:14 PM TIDAR20251729O1782237599081 ORIGINAL Page of 4 4 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 1 – Municipality and TID Co-muni code Municipality County Due date Report type TID number TID type TID name Creation date Mandatory termination date Anticipated termination date Section 2 – Beginning Balance Amount TID fund balance at beginning of year 63221 EAGLE RIVER VILAS 07/01/2026 ORIGINAL 003 6S tid3 09/11/2007 09/11/2047 N/A $746,062 Section 3 – Revenue Amount Tax increment Investment income Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID $219,763 $12,781 TID number Developer guarantees Developer name Transfer from other funds Source Grants Source Other revenue Source Total Revenue (deposits) $232,544 Page of 1 4 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 4 – Expenditures Amount Capital expenditures Administration Professional services Interest and fiscal charges DOR fees Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID $19 $33,508 $150 $143,000 TID number Developer grants Developer name n/a $0 Transfer to other funds Fund Other expenditures Name Total Expenditures $176,677 Section 5 – Ending Balance Amount TID fund balance at end of year Future costs Future revenue Surplus or deficit $801,929 $1,600,000 $798,071 $0 Page of 2 4 WI Dept of Revenue TID Annual Report Form PE-300 2025 Current Year TID New Construction Values TID TID New Construction Increase TID New Construction Decrease Prior Year Correction TID Net New Construction (NNC) Section 6 – TID New Construction 002 $551,200 $0 $35,100 $586,300 003 $672,800 $0 $23,600 $696,400 Total $1,224,000 $0 $58,700 $1,282,700 Current Year Allowable Levy Increase Attributable to TID NNC TID TID Net New Construction Prior Year Municipal Equalized Value TID Net New Construction % Prior Year Adjusted Actual Levy Allowable Levy Increase Attributable to TID Net New Construction 002 $586,300 $303,980,200 0.19 $1,091,781 $2,074 003 $696,400 $303,980,200 0.23 $1,091,781 $2,511 Total $1,282,700 $303,980,200 0.42 $1,091,781 $4,585 Current Year Actual TID NNC Impact to Municipal Levy Levy Increase Attributable to TID Net New Construction Increase per $100,000 $0 $0 Historical Allowable Levy Increase Attributable to TID NNC Year TID TID Net New Construction TID Net New Construction % Allowable Levy Increase Attributable to TID Net New Construction Prior Year Adjusted Actual Levy Prior Year Municipal Equalized Value 2024 002 $63,900 $276,030,000 0.02 $1,078,185 $216 2024 003 $312,600 $276,030,000 0.11 $1,078,185 $1,186 2024 Total $376,500 $276,030,000 0.13 $1,078,185 $1,402 2023 002 $685,200 $234,215,600 0.29 $1,064,810 $3,088 2023 003 $1,397,000 $234,215,600 0.60 $1,064,810 $6,389 2023 Total $2,082,200 $234,215,600 0.89 $1,064,810 $9,477 Page of 3 4 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 7 – Preparer/Contact Information Preparer name Preparer title Preparer email Preparer phone Contact name Contact title Contact email Contact phone Scott Sternhagen Principal (920) 455-4132scott.sternhagen@claconnect.com Corinne Hoffmann City Treasurer (715) 479-8682choffmann@eagleriverwi.gov Submission Information Co-muni code TID number Submission date Confirmation Submission type 63221 003 06-23-2026 01:17 PM TIDAR20251729O1782238648142 ORIGINAL Page of 4 4 Resolution #1077 JOINT REVIEW BOARD RESOLUTION ACKNOWLEDGING FILING OF ANNUAL REPORTS AND COMPLIANCE WITH ANNUAL MEETING REQUIREMENT CITY OF EAGLE RIVER WHEREAS, Wis. Stat.§ 66.1105(4m}(f) requires that the Joint Review Board ("JRB") meet annually on July 1, or when an annual report under Wis. Stat. § 66.1105(6m)(c)(intro.) becomes available, to review the annual report and to review the performance and status of each district governed by the JRB; and WHEREAS, the City has filed an annual report with the Wisconsin Department of Revenue for the following districts: Tax Incremental District No. 2 Tax Incremental District No. 3; and WHEREAS, copies of the annual reports have been provided to each overlying taxing jurisdiction; and WHEREAS, the JRB met on July 20, 2026 to review the annual reports and the performance and status of each of the districts governed by the JRB. NOW, THEREFORE, BE IT RESOLVED that the City has complied with its reporting requirements under Wis. Stat. § 66.1105(6m}(c}(intro.) and requirement to hold an annual JRB meeting under Wis. Stat. § 66.1105(4m)(f). Passed and adopted this 20th day of July, 2026 Resolution introduced and adoption moved by JRB member:____________________ Motion for adoption seconded by JRB member:________________________________ On roll call vote, motion passed by a vote of ___ ayes to _____ nays ATTEST: _ ________________________________ ___________________________________ JRB Chairperson Signature Clerk’s Signature