09.22.2026 Plan Commission Agenda & Packet

136 North Monroe Street Waterloo, Wisconsin 53594-1198 Phone (920) 478-3025 Fax (920) 478-2021 ____________________________________________________________________________________________________________ CITY OF WATERLOO PLAN COMMISSION PUBLIC MEETING Pursuant to Section 19.84 Wisconsin Statutes, notice is hereby given to the public and the news media that the following meeting will be held to consider the following: Microsoft Teams meeting Join: https://teams.microsoft.com/meet/255343820506677?p=lVeqn8eytA5YY6po7t Meeting ID: 255 343 820 506 677 Passcode: Qr7yQ92g MEETING: PLAN COMMISSION DATE: Thursday, September 22, 2026 TIME: 6:30 p.m. LOCATION: 136 N. MONROE STREET, MUNICIPAL BUILDING COUNCIL CHAMBERS 1) CALL TO ORDER AND ROLL CALL 2) APPROVAL OF MEETING MINUTES: August 25, 2026 3) CITIZEN INPUT (3-Minute Time Limit) 4) NEW BUSINESS a. Highland Terrace Final Plat 5) FUTURE AGENDA ITEMS & ANNOUNCEMENTS a. Next Meeting: October 27, 2026 6) ADJOURNMENT Denise Knutson Interim City Clerk Members: Leisses, Quimby, Kuhl, Crosby, Chadwick, Empey & Renforth Posted, Distributed & Emailed: 09/20/2026 PLEASE NOTE: It is possible that members of and possibly a quorum of members of other governmental bodies of the municipality may attend the above meeting(s) to gather information. No action will be taken by any governmental body other than that specifically noted. Also, upon reasonable notice, efforts will be made to accommodate the needs of disabled individuals through appropriate aids and services. For additional information or to request such services please contact the clerk’s office at the above location. Page 1 of 1 8/26/2026 4:51 PM City of Waterloo, Wisconsin WATERLOO PLAN COMMISSION – Minutes August 25, 2026 PUBLIC HEARING 1. CALL PUBLIC HEARING TO ORDER: Mayor Quimby called the Public Hearing to order at 6:00 pm. 2. PUBLIC COMMENTS ON a. Vacate a portion of E. Polk (318) St., Waterloo, WI 53594: Mayor Quimby spoke on the subject with no other comments from the public. 3. ADJOURN PUBLIC HEARING: Mayor Quimby adjourned the Public Hearing at 6:02 pm. PLAN COMMISSION REGULARLY SCHEDULED MEETING 1) CALL TO ORDER AND ROLL CALL Mayor Quimby called the regular meeting to order at 6:02 pm. Committee members present Mayor Quimby, R. Crosby, M. Leisses, C. Kuhl, & B. Renforth. Absent S. Empey, & L. Reynolds. Others in attendance Alder D. Dorn, Keri Sellnow, & Mark Pietrowiak. 2) APPROVAL OF MEETING MINUTES: June 23, 2026. (July 28, 2026 – Cancelled). MOTION: Motion by Kuhl to approve meeting minutes, seconded by Leisses. VOICE VOTE: Motion Carried 5-0. 3) CITIZEN INPUT (3-Minute Time Limit): None 4) NEW BUSINESS a. Vacate a Portion of E. Polk (318) St., Waterloo, WI 53594. Mayor Quimby discussed Resolution #2026-22. Kuhl mentioned that the resolution needed an amendment with the changing of the City Clerk signature. Discussion. MOTION: Motion by Leisses to approve and send to city council with amendment of City Clerk signature Resolution #2026-22 Abandonment of a portion of Public Right-of-Way between 318 Polk Street to 255 Jefferson Street, seconded by Crosby. VOICE VOTE: Motion Carried 5-0. b. Highland Terrace Plat. Planning Commission members, Mark Pietrowiak, & Keri Sellnow had a discussion on the item and what needs to be done for the Preliminary Plat and Final Plat. Discussion. MOTION: Motion by Leisses to approve Highland Terrace Preliminary Plat with corrections and noted items coming forward, seconded by Renforth. VOICE VOTE: Motion Carried 5-0. c. Resolution #2026-46 Authorizing Execution of the Road to Road Dedication Acceptance and Municipal Services Payment Agreement with MV21, LLC. Planning Commission discussed the changes needed for the resolution before going to city council. Discussion. MOTION: Motion by Leisses to approve and recommend to city council Resolution #2026-46 Authorizing Execution of the Road to Road Dedication Acceptance and Municipal Services Payment Agreement with MV21, LLC with changes to Deeded (Dedication) and the change of dates, seconded by Kuhl. ROLL CALL: Motion Carried 5-0. 5) FUTURE AGENDA ITEMS & ANNOUNCEMENTS a. Special Planning Commission Meeting: September 3, 2026 at 6:30, City Hall Conference Room b. Next Regular Meeting: September 22, 2026 at 6:00 pm, City Council Chambers 6) ADJOURNMENT: Motion Kuhl to adjourn, seconded by Renforth. VOICE VOTE: Motion Carried 5-0 at 6:40 pm Denise Knutson, Interim City Clerk TONY EVERS GOVERNOR KATHY BLUMENFELD SECRETARY Plat Review PO Box 1645, Madison WI 53701 E-mail: plat.review@wi.gov https://doa.wi.gov/platreview September 18, 2026 Daniel E. Bednar JSD Professional Services, Inc. (Waukesha) dan.bednar@jsdinc.com FILE NO. 122583 Highland Terrace City of Waterloo, Jefferson County Dear Daniel E. Bednar: You have submitted Highland Terrace for review. The Department of Administration does not object to the final plat bearing the September 16, 2026 revision date. We certify that it complies with: s. 236.15, s. 236.16, s. 236.20, and s. 236.21, Wis. Stats.; and the Jefferson County Planning Agency. DEPARTMENT OF ADMINISTRATION COMMENTS: The Department of Administration has no conditions for this plat. NOTE TO ALL: The Department has issued a waiver from the strict adherence to the monumentation requirements of s. 236.15 (1) (c) as allowed by s. 236.15 (1) (g) NOTE TO ALL: The Department has been provided a copy of Resolution #2026-46 permitting deviation from the minimum street widths provided by s. 236.16 (2) as allowed by s. 236.45, approval of this subdivision shall constitute acceptance and adherence to all local ordinance. COUNTY PLANNING AGENCY: The Jefferson County Planning Agency is an objecting agency on this plat. On 09/01/2026 we transmitted copies to them for review. On 09/17/2026, we were notified that they do not object to this plat. The plat shall be presented to the City of Waterloo for final approval and signing. The City of Waterloo, during its review of the plat, will have resolved when applicable that the plat: - complies with local ordinances; - conforms with areawide water quality management plans, if sewered; - complies with Wisconsin shoreland management regulations; - resolves possible problems with storm water runoff; - fits the design to the topography; - displays well designed lot and street layout; - is served by public sewer or private sewage systems; - includes service or is serviceable by necessary utilities. Any changes to the plat involving details checked by this Department; or the Jefferson County Planning Agency will require submission of the plat to the Department for recertification before the plat is eligible for recording. Such changes can be found by comparing the recordable document with the copy of the certified plat furnished with this letter. If there are any questions concerning this review, please contact our office, using the information at the top. Sincerely, Adam Gile, PLS Plat Review Email: plat.review@wi.gov Enc: Recordable Document cc: MV21, LLC, Owner Clerk, City of Waterloo Jefferson County Planning Agency Register of Deeds PLAT RECEIVED FROM SURVEYOR ON 08/31/2026; REVIEWED ON 09/08/2026 REVISED PLAT RECEIVED FROM SURVEYOR ON 09/16/2026 136 North Monroe Street Waterloo, Wisconsin 53594-1198 Phone (920) 478-3025 Fax (920) 478-2021 www.waterloowi.us ____________________________________________________________________________________ RESOLUTION #2026-46 A RESOLUTION AUTHORIZING EXECUTION OF THE ROAD DEDICATION ACCEPTANCE AND MUNICIPAL SERVICES PAYMENT AGREEMENT WITH MV21, LLC The Common Council of the City of Waterloo, Wisconsin, does hereby ordain as follows: WHEREAS, MV21, LLC (“Property Owner”) owns certain real property in the City of Waterloo, Wisconsin, as described in Exhibit A of the Agreement; WHEREAS, the Property includes a private roadway known as Highland Terrace, serving a residential condominium development; WHEREAS, the Property Owner desires to dedicate Highland Terrace, together with all related easements and rights- of-way, notwithstanding the minimum right-of-way widths established in 380-26 of the City Code, the public street right-of-way serving the development shall be 36-feet in width as shown on the approved PDD Specific Implementation Plan and Final Plat, to the City for public street purposes; WHEREAS, the City has determined that acceptance of the Roadway will result in ongoing maintenance, repair, snow removal, administration, utility, and replacement obligations; WHEREAS, the City is willing to accept dedication of the Roadway subject to the terms and conditions set forth in the Road Dedication, Acceptance, and Municipal Services Payment Agreement (“Agreement”); WHEREAS, the Agreement establishes a mechanism for compensating the City for its acceptance and assumption of responsibility for the Roadway until all units and/or lots benefited by the Roadway are subject to ordinary municipal property taxation; WHEREAS, the Agreement has been reviewed and is deemed to be in the best interests of the City; THEREFORE, BE IT RESOLVED, the City Council of the City of Waterloo , Wisconsin, hereby approves the Road Dedication, Acceptance, and Municipal Services Payment Agreement between the City of Waterloo and MV21, LLC, substantially in the form attached hereto. PASSES AND ADOPTED this _____ day of ______ 2026 City of Waterloo Signed: ______________________________________ Jenifer Quimby, Mayor Attest: _________________________________ Charles Kuhl, Council President Sponsor(s): Planning Commission TONY EVERS GOVERNOR KATHY BLUMENFELD SECRETARY Plat Review PO Box 1645, Madison WI 53701 E-mail: plat.review@wi.gov https://doa.wi.gov/platreview September 18, 2026 Daniel E. Bednar JSD Professional Services, Inc. (Waukesha) dan.bednar@jsdinc.com Subject: MONUMENT WAIVER FOR HIGHLAND TERRACE SUBDIVISION NW 1/4 S5 T8N R13E CITY OF WATERLOO, JEFFERSON COUNTY Dear Mr. Bednar: You have requested a waiver of the requirements of s. 236.15 (1) (c), Wis. Stats., related to the monumentation at various locations in the subject subdivision . Specifically, the point of curvature at the southerly end of the curve identified as C3; and the most southerly point of Lot 5 at the southeasterly end of the curve identified as C8. The former is in a location occupied by concrete and the latter 2 is occupied by an asphalt driveway . You have proposed placing a chiseled X in the concrete at the corner location and setting a Mag Nail in the asphalt at the corner location. The department agrees with the proposed monumentation, and waives strict compliance with the requirements of s. 236.15 (1) (c), as allowed by s. 236.15 (1) (g). The proposed monumentation provides for accurate retracement of the parcel boundaries; strict compliance with s. 236.15 (1) (c) would be unduly difficult. If you have questions regarding this waiver, please contact our office at the number listed above. Sincerely, Adam Gile, Plat Review cc: Jefferson County Surveyor Department of Administration Department of Administration There are no objections to this plat with respect to s. 236.15, 236.16, 236.20 and 236.21 (1) and (2), Wis. Stats. as provided by s. 236.12, Wis. Stats. Certified _______________________ September 18, 2026 60801404 Document Number State Bar of Wisconsin Form 1-2003 WARRANTY DEED Document Name THIS DEED is made between MV21, LLC, a Wisconsin limited liability company (“Grantor,” whether one or more), and THE CITY OF WATERLOO, WISCONSIN (“Grantee,” whether one or more). Grantor, for a valuable consideration, conveys to Grantee in the following described real estate, together with the rents, profits, fixtures and other appurtenant interests, in Jefferson County, State of Wisconsin (“Property”) (if more space is needed, please attach addendum): That portion of Highland Terrace to be dedicated pursuant to the Plat of Highland Terrace described as follows: Highland Terrace right of way as dedicated on Highland Terrace Plat recorded on ______________, 2026, as Document No. _______________. Recording Area Name and Return Address Reinhart Boerner Van Deuren s.c. Attn: Liam Conrad, Esq. 1000 North Water Street, Suite 1700 Milwaukee, WI 53202 PART OF 290-0813-0522-070 & 290-0813-0522-01 Parcel Identification Number (PIN) This is not homestead property. (is) (is not) Grantor warrants that the title to the Property is good, indefeasible, in fee simple and free and clear of encumbrances, except for municipal and zoning ordinances and agreements entered under them, recorded easements for the distribution of utility and municipal services, recorded building and use restrictions and covenants, any special assessments or changes imposed by the municipality and/or governing authorities or any division thereof, and general taxes for the year 2026. Dated , 2026. (SEAL) (SEAL) * * SEE ATTACHED SIGNATURE PAGE AUTHENTICATION Signature(s) authenticated on . * TITLE: MEMBER STATE BAR OF WISCONSIN (If not, authorized by Wis. Stat. § 706.06) THIS INSTRUMENT DRAFTED BY: Liam Conrad, Esq. Reinhart Boerner Van Deuren s.c. ACKNOWLEDGMENT STATE OF WISCONSIN ) ) ss. COUNTY ) Personally came before me on , the above named to me known to be the person(s) who executed the foregoing instrument and acknowledge the same. * SEE ATTACHED SIGNATURE PAGE Notary Public, State of Wisconsin My Commission (is permanent) (expires: ) (Signatures may be authenticated or acknowledged. Both are not necessary.) NOTE: THIS IS A STANDARD FORM. ANY MODIFICATIONS TO THIS FORM SHOULD BE CLEARLY IDENTIFIED. WARRANTY DEED © 2003 STATE BAR OF WISCONSIN FORM NO. 1-2003 *Type name below signatures. [SIGNATURE PAGE TO WARRANTY DEED] GRANTOR: MV21, LLC, a Wisconsin limited liability company By: Name: Title: STATE OF WISCONSIN ) )SS. COUNTY OF ) Personally came before me this ___ day of ____________________, 2026, the above- named _________________, as ___________________ of MV21, LLC, to me known to be the person who executed the foregoing instrument and acknowledged the same. [SEAL] Notary Public, State of Wisconsin Printed Name: My Commission: Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 1 of 13 Commitment No.: NCS-1320044-MKE Transaction Identification Data, for which the Company assumes no liability as set forth in Commitment Condition 5.e.: Issuing Agent: First American Title Insurance Company National Commercial Services Issuing Office: 833 East Michigan St., Suite 550, Milwaukee, WI 53202 Issuing Office’s ALTA® Registry ID: 1160394 Commitment Number: NCS-1320044-MKE Issuing Office File Number: NCS-1320044-MKE Property Address: 105, 231, 235, 252, 255, 258, 259, 261, 265, 271, 275, 281, and 285 Highland Terrace, Waterloo, WI 53594 Revision Number: 01 (September 10, 2026) Title Officer: Kara Fischbach Phone: (414)224-1778 Email: kfischbach@firstam.com Escrow Officer: Chad Olson Phone: (414)224-1778 SCHEDULE A 1. Commitment Date: August 24, 2026 at 7:30 AM 2. Policy to be issued: a. ☒ ALTA® Owner's Policy Proposed Insured: The City of Waterloo, Wisconsin Proposed Amount of Insurance: $15,000.00 The estate or interest to be insured: See Item 3 below b. ☐ ALTA® Policy Proposed Insured: NONE Proposed Amount of Insurance: $0.00 The estate or interest to be insured: See Item 3 below c. ☐ ALTA® Policy Proposed Insured: NONE Proposed Amount of Insurance: $0.00 Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 2 of 13 The estate or interest to be insured: See Item 3 below 3. The estate or interest in the Land at the Commitment Date is: Fee Simple 4. The Title is, at the Commitment Date, vested in: MV21, LLC, a Wisconsin limited liability company 5. The Land is described as follows: See Exhibit A attached hereto and made a part hereof Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 3 of 13 Commitment No.: NCS-1320044-MKE SCHEDULE B, PART I—Requirements All of the following Requirements must be met: 1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then make additional Requirements or Exceptions. 2. Pay the agreed amount for the estate or interest to be insured. 3. Pay the premiums, fees, and charges for the Policy to the Company. 4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured, or both, must be properly authorized, executed, delivered, and recorded in the Public Records. 5. We have been informed that only a portion of the premises described on Schedule A herein will be subject to the proposed transaction. We must be furnished a fully executed Plat made by a competent and qualified surveyor which must establish the exact boundaries of the land. The Plat must establish a satisfactory land description which precisely sets forth the location of the land's boundaries. Upon recording of the Plat, Schedule A will need to be updated with recording information prior to closing. We reserve the right to make further exceptions and requirements. 6. Deed from MV21, LLC, a Wisconsin limited liability company to The City of Waterloo, Wisconsin. 7. In regard to MV21, LLC, a Wisconsin limited liability company, we require the following: A) Furnish a copy of the Articles of Organization and the Operating Agreement. B) Furnish a Certificate of Good Standing from the Wisconsin Secretary of State's office. C) Furnish a resolution of the members authorizing the proposed transaction. Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 4 of 13 D) The proposed transaction should be executed by all the members of the LLC unless provided otherwise in the operating agreement. If the members of the above referenced limited liability company are entities other than individuals, additional requirements will be made. Upon review of these items we reserve the right to make further requirements. 8. The Proposed Amount of Insurance shown in Schedule A hereof must be increased in an amount equivalent to the full value of the subject premises or the full amount of the mortgage to be executed before the policy will be issued. At such time additional charges will be made in conformity with established rates. 9. We find no outstanding voluntary liens of record affecting subject property. Disclosure should be made concerning the existence of any unrecorded lien or other indebtedness which could give rise to any possible security interest in the subject property. NEW CONSTRUCTION : As a condition to issuance of the policy you must advise the Company in writing if any construction has occurred within the past 180 days or is contemplated or will occur on the Land. Additional information will be required by the Company. Your failure to notify us and to accurately provide information that we request may void any coverage for any lien or right to a lien for services, labor or materials in connection with the construction or renovation of improvements on the Land. Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 5 of 13 Commitment No.: NCS-1320044-MKE SCHEDULE B, PART II—Exceptions Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted, repudiated, removed, and not republished or recirculated. Only the remaining provisions of the document will be excepted from coverage. The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company: 1. Any facts, rights, interests, or claims that are not shown by the Public Records but that could be ascertained by an inspection of the Land or by making inquiry of persons in possession of the Land. 2. Easements, claims of easements or encumbrances that are not shown by the Public Records. 3. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the title including discrepancies, conflict in boundary lines, shortages in area, or any other facts that would be disclosed by an accurate and complete land survey of the Land, and that are not shown in the Public Records. 4. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the Public Records at Date of Policy and not otherwise excepted from coverage herein. 5. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the Public Records or attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 6. Special taxes, assessments or charges, if any. NOTE: Said exception will be removed only if the Company receives written evidence from the municipality that there are no special assessments against the land, or that all such items have been paid in full within 30 days of closing. 7. Taxes, general and special for the year 2026, not now due and payable. Tax Parcel No. 290-0813-0522-070 (underlying) and 290-0813-0522-071 (underlying) Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 6 of 13 8. General and special taxes and assessments for the fiscal year 2025 are exempt from municipal property taxes. If the exempt status is terminated an additional tax may be levied. A.P. No.: Underlying 290-0813-0522-070 9. General taxes for the year 2025 in the amount of $9,803.67 are paid in full. (Affects Underlying Tax Parcel No. 290-0813-0522-071) 10. Current and future obligations arising from the inclusion of the subject parcels in Tax Incremental District No. 5. (Affects Underlying Tax Parcel No. 290-0813-0522-071) 11. Easements, dedications, reservations, provisions, relinquishments, recitals, certificates, and any other matters as provided for or delineated on Certified Survey Map No. 3898, recorded December 14, 1999, in Volume 18 of Certified Survey Maps, page 264, as Document No. 1030181 referenced in the legal description contained herein. Reference is hereby made to said plat for particulars. 12. Easements, dedications, reservations, provisions, relinquishments, recitals, certificates, and any other matters as provided for or delineated on Certified Survey Map No. 6671, recorded on June 16, 2026, as Document No. 1508583 referenced in the legal description contained herein. Reference is hereby made to said plat for particulars. (Affects Parcel I) 13. Grant of Easement to Wisconsin Telephone recorded April 17, 1969 in Volume 427, page 314 as Document No. 679617. 14. Agreement for payment in lieu of Real Estate Taxes recorded December 26, 1997 in Volume 1018 Records, page 578 as Document No. 985004. 15. Covenants, Conditions and Restrictions as set forth in Special Warranty Deed recorded on September 15, 2022 as Document No. 1467146, of Official Records, but deleting any covenant, condition or restriction indicating a preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status or national origin to the extent such covenants, conditions or restrictions violate 42 USC 3604(c). 16. Rights of tenants in possession under unrecorded leases. 17. Right to a lien for unpaid commissions, if any, in favor of any real estate broker for the property, pursuant to Section 779.32, Wis. Stats. This exception will be removed on receipt by the Company of Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 7 of 13 satisfactory affidavits of the present owner and purchaser that no such commissions are owed, or that commissions will be paid at closing. No broker lien or notice of intent to file lien has been recorded as of the effective date of this commitment to insure. Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 8 of 13 Commitment No. NCS-1320044-MKE EXHIBIT A THAT PART OF THE FOLLOWING DESCRIBED LAND: PARCEL I: Lot 1 of CERTIFIED SURVEY MAP NO. 6671 recorded in the Office of the Register of Deeds for Jefferson County, Wisconsin on June 16, 2026, as Document No. 1508583, said Certified Survey Map being all of Lot 2 of Certified Survey Map No. 3898, located in the Northwest Quarter (NW 1/4) of the Northwest Quarter (NW 1/4) of Section 5, all in Township 8 North, Range 13 East, City of Waterloo, Jefferson County, State of Wisconsin. For Informational Purposes Only: Property Address: 231, 235, 252, 255, 258, 259, 261, 265, 271, 275, 281 and 285 Highland Terrace Underlying Tax Parcel No. 290-0813-0522-070 PARCEL II: A part of Lot 1 of Certified Survey Map No. 3898 recorded in the Office of the Register of Deeds for Jefferson County, Wisconsin on December 14, 1999 in Volume 18 of Certified Survey Maps, Page 264 as Document No. 1030181, being a part of the Northwest Quarter (NW1/4) of the Northwest Quarter (NW1/4) of Section 5, all in Township 8 North, Range 13 East, City of Waterloo, Jefferson County, State of Wisconsin, described more particularly as follows: Commencing at the Northwest corner of said Lot 1; thence North 89°09'16" East along the north line of Lot 1, aforesaid, 181.73 feet to the point of beginning of this description; thence continuing North 89°09'16" East along said north line 18.27 feet to the easterly line of said Lot 1; thence South 00°12'27" West along said easterly line 130.76 feet; thence northeasterly 43.21 feet along the arc of a curve whose radius lies 56.00 feet to the east and whose chord bears North 22°57'09" West 42.15 feet; thence North 00°50'44" West 91.69 feet to the point of beginning of this description. For Informational Purposes Only: Property Address: 105 Highland Terrace Underlying Tax Parcel No. 290-0813-0522-071 TO BE KNOWN AS: That portion of Highland Terrace to be dedicated pursuant to the Plat of Highland Terrace described as follows: Highland Terrace right of way as dedicated on Highland Terrace Plat recorded on ______________, 2026, as Document No. _______________. Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 9 of 13 Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 10 of 13 ALTA COMMITMENT FOR TITLE INSURANCE issued by FIRST AMERICAN TITLE INSURANCE COMPANY NOTICE IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT. THIS COMMITMENT IS NOT AN ABSTRACT OF TI TLE, REPORT OF THE CONDITION OF TITLE, LEGAL OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON, INCLUDING A PROPOSED INSURED. THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED INSURED IDENTIFIED IN SC HEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS COMMITMENT TO ANY OTHER PERSON. COMMITMENT TO ISSUE POLICY Subject to the Notice; Schedule B, Part I —Requirements; Schedule B, Part II —Exceptions; and the Commitment Conditions, First American Title Insurance Company , a Nebraska Corporation (the “Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the Proposed Amount of Insurance and the name of the Proposed Insured. If all of the Schedule B, Part I —Requirements have not been met within six months after the Commitment Date, this Commitment terminates and the Company’s liability and obligation end. Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 11 of 13 COMMITMENT CONDITIONS 1. DEFINITIONS a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is unenforceable under applicable law because it illegally discriminates against a class of individuals based on personal characteristics such as race, color, religion, sex, sexual orientation, gender identity, familial status, disability, national or igin, or other legally protected class. b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice imparted by the Public Records. c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land that by State law constitute real property. The term “Land” does not include any property beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does not modify or limit the extent that a right of access to and from the Land is to be insured by the Policy. d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property security instrument, including one evidenced by electronic means authorized by law. e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title Association, issued or to be issued by the Company pursuant to this Commitment. f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed Amount of Insurance of each Policy to be issued pursuant to this Commitment. g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment. h. “Public Records”: The recording or filing system established under State statutes in effect at the Commitment Date under which a document must be recorded or filed to impart constructive notice of matters relating to the Title to a purchaser for value without Knowledge. The term “Public Records” does not include any other recording or filing system, including any pertaining to environmental remediation or protection, planning, permitting, zoning, licensing, building, health, public safety, or national security matters. i. “State”: The state or commonwealth of the United States within whose exterior boundaries the Land is located. The term “State” also includes the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam. j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A. 2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and obligation end. 3. The Company’s liability and obligation is limited by and this Commitment is not valid without: a. the Notice; b. the Commitment to Issue Policy; c. the Commitment Conditions; d. Schedule A; Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 12 of 13 e. Schedule B, Part I—Requirements; and f. Schedule B, Part II—Exceptions. 4. COMPANY’S RIGHT TO AMEND The Company may amend this Commitment at any time. If the Company amends this Commitment to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5. The Company is not liable for any other amendment to this Commitment. 5. LIMITATIONS OF LIABILITY a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s actual expense incurred in the interval between the Company’s delivery to the Proposed Insured of the Commitment and the delivery of the amended Commitment, resulting from the Proposed Insured’s good faith reliance to: i. comply with the Schedule B, Part I—Requirements; ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or iii. acquire the Title or create the Mortgage covered by this Commitment. b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured requested the amendment or had Knowledge of the matter and did not notify the Company about it in writing. c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the Commitment included the added matter when the Commitment was first delivered to the Proposed Insured. d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount of Insurance. e. The Company is not liable for the content of the Transaction Identification Data, if any. f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of the Schedule B, Part I—Requirements have been met to the satisfaction of the Company. g. The Company’s liability is further limited by the terms and provisions of the Policy to be issued to the Proposed Insured. 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND CHOICE OF FORUM a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment. b. Any claim must be based in contract under the State law of the State where the Land is located and is restricted to the terms and provisions of this Commitment. Any litigation or other proceeding brought by the Proposed Insured against the Company must be filed only in a State or federal court having jurisdiction. c. This Commitment, as last revised, is the exclusive and entire agreement between the parties with respect to the subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether written or oral, express or implied, relating to the subject matter of this Commitment. Commitment for Title Insurance Wisconsin - 2021 v. 01.00 (07-01-2021) This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company . This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II —Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. * Copyright 2026 First American Financial Corporation. All rights reserved. All information, data, and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. ** Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Form 50126055 (5-25-22) Page 13 of 13 d. The deletion or modification of any Schedule B, Part II —Exception does not constitute an agreement or obligation to provide coverage beyond the terms and provisions of this Commitment or the Policy. e. Any amendment or endorsement to this Commitment must be in writing. f. When the Policy is issued, all liability and obligation under this Commitment will end and the Company’s only liability will be under the Policy. 7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance commitments and policies. The issuing agent is not the Company’s agent for closing, settlement, escrow, or any other purpose. 8. PRO-FORMA POLICY The Company may provide, at the request of a Proposed Insured, a pro -forma policy illustrating the coverage that the Company may provide. A pro -forma policy neither reflects the status of Title at the time that the pro -forma policy is delivered to a Proposed Insured, nor is it a commitment to insure. 9. CLAIMS PROCEDURES This Commitment incorporates by reference all Conditions for making a claim in the Policy to be issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of liability in Commitment Conditions 5 and 6. 10. CLASS ACTION ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT, INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR DISPUTE ARISING OUT OF OR RELATING TO THE TRANS ACTION GIVING RISE TO THIS COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS ACTION CONDITION.