05.21.2026 Finance, Insurance & Personnel Pages 1-28

136 North Monroe Street Waterloo, WI 53594 Phone: (920) 478-3025 Fax: (920) 478-2021 www.waterloowi.us PUBLIC NOTICE OF A COMMITTEE MEETING OF THE CITY OF WATERLOO COMMON COUNCIL Pursuant to Section 19.84 Wisconsin Statutes, notice is hereby given to the public and news media, that a public meeting will be held to consider the following: COMMITTEE: FINANCE, INSURANCE & PERSONNEL COMMITTEE DATE: May 21, 2026 TIME: 6:00 pm LOCATION: Municipal Building Council Chamber, 136 N. Monroe Street 1) CALL TO ORDER AND ROLL CALL 2) APPROVAL OF MEETING MINUTES: April 16, 2026 3) CITIZEN INPUT / PUBLIC COMMENT (3-Minute time limit) 4) OLD BUSINESS 5) NEW BUSINESS a) April 2026 Financial Statements: Payroll $46,212.79, General Disbursements $193,922.06, and Clerk/Treasurer's Reports [see on municipal website’ b) 333 Portland Rd -Offer to Purchase c) Developers Agreement 333 Portland Rd -Yohn d) Resolution 2026-24 New Credit Card Payment Software e) Mobile Home Application & Affidavit f) Discussion on Mobile Home Ordinance g) Resolution 2026-23 Approving Epoxy Floor Quote for Police Department h) Discussion on §53-11 Fund Balance Policies and §53-12 Debt Policies 6) ROLLING TASK LIST 7) FUTURE AGENDA ITEMS AND ANNOUNCEMENTS 8) ADJOURNMENT Jeanne Ritter Clerk/ Deputy Treasurer Committee Members: Haseleu, Weinert and Kuhi Posted, Emailed & Distributed:05/19/2026. PLEASE NOTE: Itis 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 govemmental 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 senvices, please contact the clerk's office at the above location. 5/19/2026 11:38 AM CITY OF WATERLOO FINANCE, INSURANCE & PERSONNEL COMMITTEE: MEETING MINUTES April 16, 2026 1. CALL TO ORDER AND ROLL CALL. C. Kuhl called the meeting to order at 5:32 p.m. Members in person: Weihert, Haseleu and Kuhl. Absent: none Others attending in person: DJ Domn, Alder Thomas; J.Zimmermann; Mayor Quimby; Alder Cummings; Utilities B. Sorenson; Chief of Police Warner; Asst. Fire Chief Whitebird; Parks Haberkorn; Treasurer Nelson; Clerk Ritter and WLOO Cable. 2. APPROVAL OF MEETING MINUTES: March 19, 2026, April 1, 2026 and April 2, 2026 Motion [Haseleu/Weihert] VOICE VOTE: Motion carried. 3. PUBLIC COMMENT (3 Minute Time Limit) none 4. DEPT.HEAD REVIEWS Motion to go into Closed Session [Weihert/Haseleu] ROLL CALL: Yes-3 No-0. Motion carried. a. Police Chief Review and Department Head Review After-Action Summary. [The Finance Committee may convene in closed session per Wis. Stat. 19.85(1)(c) “considering employment, promotion, compensation or performance evaluation data of any public employee over which the governmental body has jurisdiction or exercises responsibility.”] Motion to go into Open Session [Weihert/Haseleu] ROLL CALL Yes -3 No-0 Motion Carried. 5. OLD BUSINESS a. Resolution 2026-13 2025 Carry-Over. Motion [C.Kuhl/Haseleu] VOICE VOTE: Motion carried. b. Resolution 2026-14 Resolution Reallocating Funds from Police Payroll Budget to Purchase Records Management System with Additional Computer Aided Dispatch. Motion [C.Kuhl/Weihert] VOICE VOTE: Motion carried. 6. NEW BUSINESS a. March 2026 Financial Statements: Payroll $98,541.73, General Disbursements $420,136.42, and Clerk/Treasurer's Reports [see on municipal website] Motion [Weihert/Kuhl] VOICE VOTE: Motion carried. b. 2026 Contingency Funds 7. ROLLING TASK LIST 8. FUTURE AGENDA ITEMS AND ANNOUNCEMENTS . 9. ADJOURNMENT. MOTION[Weihert/Haseleul] To adjourn. VOICE VOTE: Motion carried. Approximately 6:55pm. Jeanne Ritter ClerkiDeputy Treasurer Approved by the Wisconsin Real Estate Examining Board Page 1 of 12, WB-13 7-1-24 (Optional Use Date) 8-15-24 (Mandatory Use Date) [__WB-13 VACANT LAND OFFER TO PURCHASE 1 1 LICENSEE DRAFTING THIS OFFER ON __May 6, 2026 [DATE] IS (AGENT-OF-BUYER) 2 (AGENT OF SELLER/LISTING FIRM) (AGENT-OF BUYERAND-SELLER) [STRIKE THOSE NOT APPLICABLE 3 The Buyer, __Thomas A. Yohn 4 offers to purchase the Property known as Lot T of Certified Survey Map No. 6647, Document No. 1504842 s __City of Waterloo, Jefferson County, Wisconsin (Parcel ID No. 290-0813-0542-018). 6 [e.0., Street Address, Parcel Number(s), legal description, or insert additional description, if any, at lines 655-660, or attach 7 as an addendum per line 682] in the of , County 8 of Wisconsin, on the following terms: 9 The purchase price is _One Hundred Dollars 10 Dollars ($_100.00 ). 11 INCLUDED IN PURCHASE PRICE] Included in purchase price is the Property, all Fixtures on the Property as of the date 12 stated on line 1 of this Offer (unless excluded at lines 17-18), and the following additional items: 13 14 NOTE: The terms of this Offer, not the listing contract or marketing materials, determine what items are included 15 or not included. Annual crops are not part of the purchase price unless otherwise agreed. 16 [NOT INCLUDED IN PURCHASE PRICE] Not included in purchase price is Seller's personal property (unless included at 17 lines 12-13) and the following: 18 19 CAUTION: Identify Fixtures that are on the Property (see lines 21-25) to be excluded by Seller or that are rented 20 and will continue to be owned by the lessor. 21 “Fixture” is defined as an item of property which is physically attached to or so closely associated with land so as to be 22 treated as part of the real estate, including, without limitation, physically attached items not easily removable without damage 23 to the premises, items specifically adapted to the premises and items customarily treated as fixtures, including, but not 24 limited to, all: perennial crops, garden bulbs; plants; shrubs and trees; fences; storage buildings on permanent foundations 25 and docks/piers on permanent foundations. 26 CAUTION: Exclude any Fixtures to be retained by Seller or that are rented on lines 17-18 or at lines 655-660 or in 27 an addendum per line 682. 28 [BINDING ACCEPTANCE] This Offer is binding upon both Parties only if a copy of the accepted Offer is delivered to Buyer 20 on or before une 15, 2026 a0 Seller may keep the Property on the market and accept secondary offers after binding acceptance of this Offer. 31 CAUTION: This Offer may be withdrawn prior to delivery of the accepted Offer. 32 Acceptance occurs when all Buyers and Sellers have signed one copy of the Offer, or separate but identical a3 copies of the Offer. 34 CAUTION: Deadlines in the Offer are commonly calculated from acceptance. Consider whether short term 35 Deadlines running from acceptance provide adeduate time for both binding acceptance and performance. 36 This transaction Is to be closed on _OF before July 1, 2026 37 a8 at the place selected by Seller, unless otherwise agreed by the Parties in writing. If the date for closing falls on a Saturday, 38 Sunday, or a federal or a state holiday, the closing date shall be the next Business Day. 40 CAUTION: To reduce the risk of wire transfer fraud, any wiring instructions received should be independently 41 verified by phone or in person with the title company, financial institution, or entity directing the transfer. The real 12 estate licensees in this transaction are not responsible for the transmission or forwarding of any wiring or money 43 transfer instructions. 44 [EARNEST MONE 45 m EARNEST MONEY of $ N/A accompanies this Offer. 45 If the Offer was drafted by a licensee, receipt of the earnest money accompanying this Offer is acknowledged. 47. s-EARMEST-MONEY-6£6 I-be-rraiked: Hy—eteel Hy thvdeliverod-withi Ao LBt blarid-at : P i ——— P - Al + Lol be delivered-toand-hold-by-tistina-Firm-drafing-FirmHotherdentified ¥ y-ttisting HeratiRg-FHTH /I TRIKETHOSE-NOT-ARRHS, DIE Histing it FrosomH-ne-Hstng Firmthen-drafting-Fmif-e-Fierr-th Hor) CAUTION:H-a-Firr-d ¢ hold 4 £+ should-be-drafted-by-thePart o YT =k et d £ 3 56-76— ¢ e lE ther—thar-B " ik il ¥ PRhY- yer-pay ¥ P s5 m THE BALANCE OF PUR;CHASE PRICE will be paid in cash or equivalent at closing unless otherwise agreed in writing. Property Address: L0t 1 of CSM No. 6641 Page 2 of 12, WB-13 56 m DISBURSEMENTAFEARNEST-MONEY-HELD-BY-A-FIRM-H-regotiati o t AT tod-ofi -th n io-hold-by-a-Firm—th n halb th-dishursed-aiier-ok £ ) ik ¥ Y T 4 Profmpey ¢ Pay 4 4 tiution-E " is-bald-by-cheskHo-th Lo} -whe-paid-thH " Abclosk " halt y1EP Y U P 4 d ¥ & 4 bedish o dingte-the-closing-stak 1 thie -Offor-d ok 4 t y-ohat-be-dishursed ding & ion—dich e signedby-al-Parios—te-this-Offer—-said-eish " b b det o-to-the-Firm-holding-h i - within-60-¢ ferthe-date-set-for-slosingthat-F disburse—th 4 vt -ac-dirosted-by " swho-H -the-4 % ek " = n (2} ik by | vl i £ d-all-Parios-to-this-OHer{(3)-as-diroctod-b: tordord) §5t=7 G Y g B i " tod-within-this-Off (5y-any-other-dish + " Howed-by-law—The-E 4 logat icos-to-direst-dish por-{4)-oi-to-fil torpload 4 (2)-anec-the-Fi doduct-irom-th " y-ary-ooste-and ble-ath o o 4-$260 to-dishH + - LECAL RIGHTSIACTON:The-Firm's-dish tof + v tdetermino-the-togal-Hghte-of-the-Rart inrelationto-this-Ofor-B 16 or Sollorsleaal-riahi-t L ¢ bo-doterrmined-by-the-Firm-heldingth est By garHg Y Y 3 Atloast-30-¢ ior-to-dish ¢ (A5} -abe horo-the-Firm-has lodao-that-oitherRas: H ¥ oy s FRSAT-PEF{T-6For T ) 24 dicag Hh-tho-dieh i the-Fi hall-cend-Buy a-Sel Ty tice-of-the-intert-to-disht by-cortified e Sellordi ith-Hre—Firrr od-eHebH PN 4 be-filod-te-obt ok g 2 G Prop T Y Feina-dish i Srall Claims-Cour-has-turisdioti i " eisatk ioh -of-th Jo-of &) G ¥ oY ¥ y-EeHSP &2 dentiat it to-fourdwell o A-Sellershotld o 44 4 o GA ety &3 G sl ight dor-this-Oferi £ a-diopte—Beth-Parties-agree-to-hold-the-Firm-harmiessH I good faith-disbH nentof-sarnest -+ " ith-this-Off lieablo-B: tment-of-Safely ional il P Wis—Admin—Code-Ch-REER-18, " &) & ¥ 7 “Time is of the Essence” as to: (1) earnest-reney-payment(s); (2) binding acceptance; (3) 78 ocoupancy, (4) date of closing; (5) eentingeney-Deadkines [STRIKE AS APPLICABLE| and all other dates and Deadlines in 79 this Offer except: 80 1f “Time is of the Essence” applies to a date or Deadline, 81 Tailure to perform by the exact date or Deadline is a breach of contract. If "Time is of the Essence" does not apply to a date 82 or Deadline, then performance within a reasonable time of the date or Deadline is allowed before a breach occurs. 83 [VACANT LAND DISCLOSURE REPDRT| Wisconsin law requires owners of real property that does not include any s4 buildings to provide Buyers with a Vacant Land Disclosure Report. Excluded from this requirement are sales exempt from a5 the real estate transfer fee and sales by certain court-appointed fiduciaries, for example, personal representatives, who 86 have never occupied the Property. The form of the Report is found in Wis. Stat. § 709.033. The law provides: "§ 709.02 o7 Disclosure . . . the owner of the property shall furnish, not later than 10 days after acceptance of a contract of sale . . ., to 88 the prospective buyer of the property a completed copy of the report. .. A prospective buyer who does not receive a report 89 within the 10 days may, within 2 business days after the end of that 10-day period, rescind the contract of sale . . . by a0 delivering a written notice of rescission to the owner or the owner's agent." Buyer may also have certain rescission rights if 91 a Vacant Land Disclosure Report disclosing defects is furnished before expiration of the 10 days, but after the Offer is 92 submitted to Seller. Buyer should review the report form or consult with an attorney for additional information regarding 93 rescission tights. 94 [PROPERTY CONDITION REPRESENTAT|ONS| Seller represents to Buyer that as of the date of acceptance Seller has 95 no notice or knowledge of Conditions Affecting the Property or Transaction (lines 101-181) other than those identified in 96 Seller's Vacant Land Disclosure Report dated , which was received by Buyer prior to Buyer g7 signing this Offer and that is made a part of this Offer by reference [COMPLETE DATE OR STRIKE AS APPLICABLE| 98 and 99 100 [INSERT CONDITIONS NOT ALREADY INCLUDED IN THE DISCLOSURE REPORT]| 101 "Conditions Affecting the Property or Transaction” are defined to include: 102 a. Flooding, standing water, drainage problems, or other water problems on or affecting the Property. 108 b, Impact fees or another condition or occurrence that would significantly increase development costs or reduce the value 104 of the property to a reasonable person with knowledge of the nature and scope of the condition or occurrence. 105 c. Brownfields (abandoned, idled, or underused land that may be subject to environmental contamination) or other 108 contaminated land on the property, or that contaminated soils on the property have been cleaned up under the Petroleum 107 Environmental Cleanup Fund Act (PECFA), a Wisconsin Department of Natural Resources (DNR) remedial or cleanup 108 program, the DATCP Agricultural Chemical Cleanup Program, or other similar program. 400 . Subsoil conditions that would significantly increase the cost of development, including, but not limited to, subsurface 110 foundations or waste material; any type of fill; dumpsites where pesticides, herbicides, fertilizer, or other toxic or hazardous 111 materials or containers for these materials were disposed of in violation of manufacturer or government guidelines or other 112 laws regulating such disposal; high groundwater; adverse soil conditions, such as low load—bearing capacity, earth or soil 113 movement, settling, upheavals, or slides; excessive rocks or rock formations; or other soil problems. 114 e, Material violation of an environmental rule or other rule or agreement regulating the use of the Property. 115 . Defects caused by unsafe concentrations of, or unsafe conditions relating to, radon, radium in water supplies, lead in Property Address: ___ 0t 1 of C8M No. 6641 Page 3 of 12, WB-13 116 soll, or other potentially hazardous or toxic substances on the Property; manufacture of methamphetamine or other 117 hazardous or toxic substances on the Property; or high voltage electric (100 KV or greater) or steel natural gas transmission 118 lines located on but not directly serving the Property. 119 g. Defects caused by unsafe concentrations of, unsafe conditions relating to, or the storage of, hazardous or toxic 120 substances on neighboring properties. 121 h. The Property is served by a joint well; Defects related to a joint well serving the Property; or Defects in a well on the 122 Property or in a well that serves the Property, including unsafe well water due to contaminants such as coliform, nitrates, or 123 atrazine, or any out-of-service wells or cisterns that are required to be abandoned (see § NR 812.26, Wis. Adm. Code) but 124 that are not closed or abandoned according to applicable regulations. 125 . Defects in any septic system or other private sanitary disposal system on the Property; or any out-of-service septic 126 system serving the Property not closed or abandoned according to applicable regulations. 127 . Underground or aboveground fuel storage tanks presently or previously on the Property for storage of flammable or 128 combustible liquids including, but not limited to, gasoline or heating oil; or Defects in the underground or aboveground fuel 126 storage tanks on or previously located on the Praperty. Defects in underground or aboveground fuel storage tanks may 130 include items such as abandoned tanks not closed in conformance with applicable local, state, and federal law; leaking; 131 corrosion; o failure to meet operating standards. (The owner, by law, may have to register the tanks with the Department 132 of Agriculture, Trade and Consumer Protection at P.O. Box 8911, Madison, Wisconsin, 53708, whether the tanks are in use 1a3 or not, Department regulations may require closure or removal of unused tanks.) 134 k. Existing or abandoned manure storage facilities located on the property. 135 . Notice of property tax increases, other than normal annual increases, or pending Property tax reassessment; 136 remodeling that may increase the Property's assessed value; pending spedial assessments; or Property is within a special 137 purpose district, such as a drainage district, that has authority to impose assessments on the Property. 138 m. Proposed, planned, or commenced public improvements or public construction projects that may result in special 130 assessments or that may otherwise materially affect the Property or the present use of the Property; or any land division 140 Involving the Property without required state or local permits. 141 n. The Property is part of or subject to a subdivision homeowners’ association; or the Property is not a condominium unit 142 and there are common areas associated with the Property that are co-owned with others. 143 0. Any zoning code violations with respect to the Property; the Property or any portion thereof is located in a floodplain, 144 wetland or shoreland zoning area under local, state or federal regulations; or the Property is subject to a mitigation plan 145 required by Wisconsin Department of Natural Resources (DNR) rules related to county shoreland zoning ordinances, that 146 obligates the Property owner to establish or maintain certain measures related to shoreland conditions, enforceable by the 147 county. 148 p. Nonconforming uses of the Property (a nonconforming use is a use of land that existed lawfully before the current zoning 149 ordinance was enacted or amended, but that does not conform to the use restrictions in the current ordinance); conservation 150 easements (a conservation easement s a legal agreement in which a property owner conveys some of the rights associated 151 with ownership of his or her property to an easement holder such as a governmental unit or a qualified nonprofit organization 152 to protect the natural habitat of fish, wildlife, or plants or a similar ecosystem, preserve areas for outdoor recreation or 453 education, or for similar purposes); restrictive covenants or deed restrictions on the Property; or, other than public rights-of- 154 way, nonowners having rights to use part of the Property, including, but not limited to, private rights—of-way and easements 155 other than recorded utility easements. 156 q. Al or part of the Property has been assessed as agricultural land; has been assessed a use-value assessment 157 conversion charge; or payment of a use-value assessment conversion charge has been deferred. 158 . All or part of the Property is subject to, enrolled in, or in violation of a farmland preservation agreement, Forest Crop 159 Law, Managed Forest Law, the Conservation Reserve Program, or a comparable program. 160 's. A dam is totally or partially located on the Property; or an ownership interest in a dam not located on the Property will 161 be transferred with the Property because the dam is owned collectively by a homeowners’ association, lake district, or 162 similar group of which the Property owner is a member. 153t No legal access to the Property; or boundary or lot line disputes, encroachments or encumbrances (including a joint 164 driveway) affecting the Property. Encroachments often involve some type of physical object belonging to one person but 165 partially located on or overlapping on land belonging to another; such as, without limitation, fences, houses, garages, 166 driveways, gardens, and landscaping. Encumbrances include, without limitation, a right or claim of another to a portion of 167 the Property or to the use of the Property such as a joint driveway, liens, and licenses. 168 U. Government agency, court order, or federal, state, or local regulations requiring repair, alteration or correction of an 169 existing condition. 170 v. A pler attached to the Property not in compliance with state or local pier regulations; a written agreement affecting 171 riparian rights related to the Property; or the bed of the abutting navigable waterway is owned by a hydroelectric operator. 172 w. Material damage from fire, wind, flood, earthquake, expansive soil, erosion, or landslide. 173 x. Significant odor, noise, water diversion, water intrusion, or other irritants emanating from neighboring property. 174'y. Significant crop damage from disease, insects, soil contamination, wildlife, or other causes; diseased or dying trees or 175 shrubs; or substantial injuries or disease in livestock on the Property or neighboring property. 176z Animal, reptile, or other insect infestations; drainage easement or grading problems; excessive sliding; or any other 177 Defect or material condition. Property Address: ___ Lot 1 of CSM No. 6641 Page 4 of 12, WB-13 178 aa. Archeological artifacts, mineral rights, orchards, or endangered species, or one or more burial sites on the Property. 170 bb. Owner is a foreign person as defined in the Foreign Investment in Real Property Tax Act in 26 IRC § 1445(f). 180 cc. Other Defects affecting the Property such as any agreements that bind subsequent owners of the property, such as a 181 lease agreement or an extension of credit from an electric cooperative. jthi 102 [ | GOVERNMENT-RROGRAMS: Scller-shall-detiver io-Buy el ot bl Fihic- Offer—alistot-al-foderalstak ty-ancHosat fion—farmland_envi el th 4 it n to—whi ek - of-tho-Rroporty{ P’ ) g T i P pory~(e-gr tofarmiand " A Hural-zoni X {5—EoroskC & g L G G g < tion-R fs) tand-mitigat horoland ion-pH b grary 5 g P = diseh Lok thelrawal-oh bask-obligat o " Y- g g pay P G il bo-ck dsatiefiod-untoss-Buyerdel 16-Selk thin7_days-ofter-the-doadk & this-Offer-baced-tpon-th it to—andi e B -prog & g - CAUTION:F Buyer—d & tepminate-this—Of yer-is—hereby-ag that-B m 4 5 N 1 dB torol Seller-should-B PR 4 N A T y-2pPys yer-ag ¥ Y prog b that Seleri ¥ tHes—d H b th 4 ¢ H - lo Tk I:,A)‘ 5y ki . b 494 ftor Ci i 105—MANAGED-FORESTLAND:H-alt-or-par-of-the-rop tho-Managed-Ferestaw-(MFL) this-desianat H-cont Hor-closh ML land 4 Lt T g that rainable—f -elofort A Orél prog 6 G-PrOp! - & tinc-lan d-forestland hin-oiland Hodta-thy S & &) i MEL N th £ ) R £ dod-by-th Dopartmont ot NaturalR o Y tod MEL # P L —By-filing ok i tho—MEL—5: lo6—Tho-DNR-Division—ef-Ferosk tore—forost & ol P g 3 Y Pl i GChy land koot 1t thatio-cublectt dor-designath +land P g Property } ) 3 to-ik ; benefite-tnderth h 4y to-b B Preg ¥ preperty P i —ray i} +—of—ponalt ) format H—the—t hitpeilelnrwi in-doviiepiciforest 20— USE VALUE ASSESSMENTS—Fh 1 toyol i arieuituralland-based-on-the- that teb tod from-He-rontalf soultural ther than-ts-fak Kebvakie-Whenap is-agriotHural 560 land-to-a-non-agrieuiural {e-gmrosidontial ial-developrient—that-p " lon-eharg Te-eblak ) fon-abottth te-k jon-chargeroontaetihe Wi i DeparimentofR . E‘1 lizotion D icit bhitn. e a4+—FARMEAND-RRESERVATFIONFh e farmland p Hon-ag + Fosteped b i ) " 5 ito-3-4i th oot -the land—Contaot-th \Wicooncin DoparmontetAgHouH ProtostionDi ot Agriouliural-R Ma . i & g a ) it bt daten-stalo-witelf informati 46— GONSERVATION_RESERVE-PROGRAMACRR):—The-GRP- oo —through—contrasts-with—tho—U-S- Dopastment-obAaHouituro—te-ok i hight itk " Lol Liveland-ane-nstead-to-plant P ) g P g-erop 4 ¥ P st £ & GRR.contast for-10-t0-16 & +ront " Hain-incont Prontsand-cost-sh retancefor-ostablishing-long " SBRtvO—PaY gloRg-tory g4 |ands from-the-CRP-ir-broach-of tractean-be-guil Aty ik i Itho-clato-Farm-S Ageney-ofi ii-hitnh PN f 94— SHORELAND-ZONING-ORDINANGES Al 4 +adept-unif horclane- o \Mio A dmin-Code-Chanter-MNR—145—County-shoreland-zoni i 1: to-alk g - - &) PRl footof ieabloal o ithin-300-feetof iaable-r " “ &) P ) ¥ &) forbuildh ithaske-and-heichtlimite—eutting 4 d-ehrubslotel & P S gh g S g g AP b dedif o mitication-plan-is-adopted-and docd)-and ot b A & 4 P U P ot Py iaat 5 ik " Heth ) ire-ok i Y SRALES) PraReT - by & 8 is-advisodto-cheok-with-th lcablo-city—tow Hlage for-additiona-sheretand y+ Vit PP ¥ g EENGES-Wis—Stat-§-00.03-requires-th ¢ adjeining-prepertios-to-koop-and-maintai h both-of th HYoN d-and iod-for farmb " prop P -OF-GraZing PHFpOses: . t-address iaility-forf P £t if A - » gres - L 24 Ld 24 oupied-forf g-or-graing-purp 233 PROPERTY DEVELOPMENT WARNING: If Buyer contemplates developing Property for a use other than the current use, 1 234 there are a variety of issues that should be addressed to ensure the development or new use is feasible. Buyer is solely | 235 responsible to verify the current zoning allows for the proposed use of the Property at lines 251-255. Municipal and zoning 236 ordinances, recorded building and use restrictions, covenants and easements may prohibit certain improvements or uses 1 237 and therefore should be reviewed. Building permits, zoning or zoning variances, Architectural Control Committee approvals, | 238 estimates for utility hook-up expenses, special assessments, changes for installation of roads or utilities, environmental | 230 audits, subsoil tests, or other development related fees may need to be obtained or verified In order to determine the 240 feasibility of development of, or a particular use for, a property. Optional contingencies that allow Buyer to investigate certain 241 of these issues can be found at lines 244-304 and Buyer may add contingencies as needed in addenda (see line 682). i i property Address: "0 1 of GSM No. 6641 Page 5 of 12, WB-13 242 Buyer should review any plans for development or use changes to determine what issues should be addressed in these 243 contingencies. GCONTINGENGHES —This-Ofi Buyer-obtaining-atBuyor o—th o tati duirod-by K 266-284-below—Fhe-opt " lines-266-284-chal-be-c deyo-{30 ek blari-afk o i oeto-Selk i - tow-that be-satished-ana-2) wilt pesiying: betantiatingwh N i +be-satisied—oon-dol £ Buvers-noth g-why X —Op Y ¥ g this-Offor-chall-bo-rull-and-void & to-satishth b e - ¥ ¥ goney-p 25+-Rropesed-UserBi {s-pureh: tho-Rieperty-for-th - Y L4 e (4 P + Hinsert a4 t Prop e ; o A buildi PR i ofBuyer dition- A prop (s} o b 1400-1600-s6- H-threo-bed inatefamil b 4 Hawest £loth Lid O - e Y ONING-\erification-of-zoni o that-the-Ri ina-allows-Bryer: & ibed-atli e [_|Z § p g yers-prop 201 254255 SUBSOU-S— Wit ek 5 HEed-soik Athat-the-P 5 3 booi-condition-that e [ + N P 3 Ry Td—rnake—th " doserbed—atlines-251-266-impessibh thyi th io—oi-suoh 268 264 o s ooy Hiod-soils-toster that{a)-the-ceils-at-tho-Rropery-locati lootod-by-B {b}-al-oth ditione-that-rust ey pery y-Buyer; } 269 +thologal I t6-in-cffact on-the-date-of-thic-Offer-te-obial it-for-a-ROWTS-& PP gakred P oot the-P tatod-orlines-251 255 The-ROWTS-{septie-aystom)-atowad-by-the-wiitk o b i o5 tho-following-POWTS thati Ay the-State-f iththo-b £ A idontifiod-atlines-251-265/CHECK i ¥ ype-etproperty 4 266 AL THAT ADDIAA ] 4 i a1 ' a1 o digtributien——heoldi PAEETHA Freenven § = grader g Bf = £ 26 tenieether - 060 EASEMENTS AND RESTRICHONS Coplos—ofall-prblic-ana-privat . to-and-rostictions P P A T 299 Hootina-the-Rropery-and ‘en-determinationb lifiod-inc dontthird-pary-that -t hibit g perty-ana y-eg i party P pes ianificanth-del e PRI & devel tidentifiod-atlines-264-255. ¥ P P g s TS it Jo-areli Lo the-final-disereti by-the + ~app pRrOprate; Y ¥ 590 o thorbypriorto-the- is-or-buildh it ts-ard-li for-the-following-il ) ) Y-P aRet B 5P app g g-HOF latod to-Buyer: I fiad Y Prop g 2z floation-of tho-location-of tho-following-ilk i ) thoPropory—at 25 G 2 &g PORys w6 thedoti tro0t-0to- ICHEGKAND-GOMPLETE-AS-ARPLIGABLE) 1 eleetrieit = frml =) Hy g oyl g awates L1 talani 1 ) 27 =t H-tetephene: H-eabk 3 Floth - ok o TOPROPERTY: Wit floationthattheroislesak-vehicuh {o-the-Propery-f bl 20 [_] : g porty-fom-p 28t romds: s02 [ | LAND-USE-ARPROVALIRERMITS:—Fhi Ner - ETRIKE-ONE-“B + {Byeri A Y el biainina-the-follewina—neldina-at rieken)-obtaining-th ingrtettding-att 1 vark 1 oth T == Selk ry owith B " g = wit " n tioe to-Selleriany-ik tb MAP_OF-THE- PROPERTY:-Thic-Of i e HETRIKE-ONEH Sk sor [ + gent-tipon-(Buy o HEERACE-ONEH(“Sellor ithor-ls-striok Map-of the-Rrepery-datod-sub + tothe-date-ot " £ thic O b ier i perty N Nt P g " dave{“30" it toft-blank)-af " Buvoros{Sotore) ISTRIKEONE| ————€ay P S Byt TEFRICE-ONE ithort Th -shall-sh o) " ! ' 1o the-P is-boundat o X isibh NPy Iy g Pery; POFY g P Propery-—thelosati i€ o BoHY; Hanys 203 e TRIKEAND COMPLETEAS ARPLICABLE Additionat foaturesthat 1= - P Y ol Ethe-P b Identifing-dedicatod-and-ap +etrectstot P YiRg pparert g & iatic-of 5 ¥ foat bof L thermAl idorthe-t ired P & - < B ihin-B-ch for-the-deadlinefor-dell Eoaid- deli yers Y 4 Pr hich-identiies—4 ) the-significant hentA2) irformat toriall TR N Ei AT i istent-with-prk e tions—6r{3)-falltre-t : i 15 stated-within-thi i Upen-deli i ¥ PF or3) Nl ftirgeney: Y Buyor this Offor shall bo-pull-and-void—Onsce-the-doadine-for-deliveryh d—if-Soll iblo-to Y g : Property Address: L0t 1 of CSM No. 6641 AP Page 6 of 12, WB-13 - failod-to-tirmeh—detiverth 0B B terminatothis-OferiiB deli i P P vy i yerou Y f Hioe-obtormination-t " ior-to-B o-Aetuak-Reseipt-ofsaid-map- Selk i ¥ 305 Buyer may only conduct inspections or tests if specific contingencies are included as a 306 part of this Offer. An “inspection” is defined as an observation of the Property, which does not include an appraisal or testing 307 of the Property, other than testing for leaking carbon monoxide, or testing for leaking LP gas or natural gas used as a fuel 308 source, which are hereby authorized. A “test" is defined as the taking of samples of materials such as soils, water, air or 309 building materials from the Property for laboratory or other analysis of these materials. Seller agrees to allow Buyer's 310 inspectors, testers and appraisers reasonable access to the Properly upon advance notice, if necessary, to satisfy the 314 contingencies in this Offer. Buyer or licensees or both may be present at all inspections and testing. Except as otherwise 312 provided, Seller's authorization for inspections does not authorize Buyer to conduct testing of the Property. 313 NOTE: Any contingency authorizing testing should specify the areas of the Property to be tested, the purpose of 314 the test, (e.g., to determine if environmental contamination is present), any limitations on Buyer's testing and any 315 other material terms of the contingency. 316 Buyer agrees to promptly restore the Property to its original condition after Buyer's inspections and testing are completed a17 unless otherwise agreed to with Seller. Buyer agrees to promptly provide copies of all inspection and testing reports to 318 Seller. Seller acknowledges that certain inspections or tests may detect environmental poliution that may be required to be 319 reported to the Wisconsin Department of Natural Resources. 220 INSPECTION-CONTINGENGY.-This-contingenoy-onty-atth tosting-{oee-ines-305-340) P This-Offerls-contingent lifiod-independonts + fion-of-the-Property-afior the-dak th gorit-tpon-a-¢ P P P perty tmerdof-this-Offer-thatdiseh Bef 5 rriime-t-of-this-Offer-that-disclosesno-Defects: {2\ This-Offor-is-furth " Nfiod-independentt tor-or independont-auatiiod-third-parky-porformi € GORHPOR-arg P P P 4 Partyp S stion-of 94 2 it any Proport ey P P ob ol tod ‘o tmb i ; | Defoet 28 Ui Ty Ul e L g T 3V have-folk ] 4 dod 1t thorized t idod 2 ARG P v o8 they prior-to-the—DeadH iod-atline-333—t " &by-a-qualified-independent tor o indepondentatatiod-third-par 828 P & Y B hell-order-the-inspection(s)-and-be-fesponsible-for-all-eosts-of tionis) CAUTION=B hotld do-sutficiont-tme-for-the-P e zod-inspeation(s); + B y-SP 4 ol B tionts) ¥ H-up-insp st This-eert hatbe-d &satistiod-unlessB i daye-(4Bitlof-blank)-aft " ot h genoy e ————6aye{ U P ] to-Sei £ the-writtonH 4 o dnind afior-tho-dato-omline—i-ofthis-Offer-and-a-writien-retice-Hoting-th Py P ts) S DefootisHdentifiod-in-th He)to-which-B bicote{Notiee-cfDefeet S pors} ¥ ¥ 536-CAUTION:-A-propesed-amendmentis-eta-Netise-of Defests-and-willknetsaticfy-this-netice req At For-the-pt Ethic-cont Defostsdo-netinciide-strusctural-ashanicatoroth ditions-the-Rat doxtont PUFp GORGYs : £ \which-Bivor-had-actuakknowled tton-notico-beforo-c this-Off g & - “Defest’ as-defined-ontines-553-565 dition-that-would-h ignificantad ffoot-on-th aluoof the Preperty: that weuld-significantiy-mpai-the-health foty-of-fut t5-of the-Property: pertys 4 y-iap ¥ P perty; thatif-notrepaired & laced-wetld-signifieanthy-shork " ly-affect th tod Hife P T P &) ¥ ¥ 3 a4n-of-the-premises: 343 m RIGHT TO CURE: Seller (shall)(shet-ret) (“shall” if neither is stricken) have the right to cure the Defects. 344 I Seller has the right to cure, Seller may satisfy this contingency by: 345 (1) delivering written notice to Buyer within (*10” if left blank) days after Buyer's delivery of the Notice of Defects a4 stating Seller's election to cure Defects; ar (2) curing the Defects in a good and workmanlike manner; and s (3) delivering to Buyer a written report detailing the work done no later than three days prior to closing. 340 This Offer shall be null and void if Buyer makes timely delivery of the Notice of Defects and written inspection report(s) and: as0 (1) Seller does not have the right to cure; or 351 (2) Seller has the right to cure but: - 352 (a) Seller delivers written notice that Seller will not cure; or 353 (b) Seller does not timely deliver the written notice of election to cure. 354 ] a5 [ ] FINANGING-COMMITMENT-GONTINGENGCY:Fhic-Of tingenttpen-Byor belng-able-to-oblal e Hoan-t ific londer—t-anyl-first o 1 trent-as-deseribed f P B T y gag ok FTToy n ™y + £ tis-Offer—Fhe-f lectod-shalib ot notlessthan$ iR ys-af a g o g6 it f $ for-at £ notloss thar years: izod looo-th yoars—initiah A iotorost shall-Rotoreoot-6 B romlodaosthatlender: i T o g Y g s - aloe-inchide—HA42ihoi-the-ostimatod-net reak-ootato—taxes—hazard 4 i Th + nal-robinaid : B P T Gage Ge-apropaymentp edyerad 4 nott g SO i-Hoft-blark-o-the-t - Buyer-o-usi Hipte-+ Property Address: Lot 1 of CSM No. 6641 Page 7 of 12, WB-13 piaining srustiont |and-contract inancingdeseribe-atlines-666-660-or+ ddendum-attached line-592 B 4 ool L o-closi torwiro ot | gination-fooet . porh - Buyerag pay 60615 g g o y b rioagod i il £ anplioat " + ot Sellor_Selk ‘ool pphy gag - P ppl prompHy-tpoR-Fo - 9 Londer ; i tho-Reoperty: PP 7 e LOANAMOUNT ADJUSTMENT- the-purehase-price-tndor this-Offer io-rodifiod " + urloss-otherw dod_shall bo-adjusted-to-th tageotth A o6-a0-thi et thh " - i P 5 id P ¥ y-pey hall-bo-adiusted ntaintho-k d amorization statod-ab 7 IEIXED- RATE EINANGING Tk ¥ v ot Eipterestohy Hret " LYA NC o ol itorost ratesheth-rot eXeost———— S The-initiahnterest-rat p hall b fixod & +which o the-Intorest rate-may-bot o th oot it — Yy € s loftblank atthe Fretadjustrmont-and-by-not h Sl A i It blank)-at-oach-sub troRt ) ) ¥ %< ) ! s Th e intorost rato-during-the morigage-orm-halnet dtho-initial intorest-rate-ph o (g o oG P e lefblanio—Monihh <o of mrincinaland nterestmay-be adiustod-to-reflect interest-oh H-Month P y hanges: e SATISEACTION. OF FINANGING COMMITMENT CONTINGENGY-AH-Buyer-gualiies-lor-the-loan-deseribed-in-thic-Off thord table-to-BuyerB ‘o delivor-to-Seller P teont P ~Buyor-ag Py - This-oont U i afor Buyers roview.Buyerdeliversto-Selk £ e-writtork tenent hibd &) ¢l el v 2 Lidd M e bioot to-sonditions) thatls: teveri-oubl u g Hoignod by Buyoroh e wriondiroation for-dol L i Dok ok rritenontby-B tondorordol fod-b tico-of tabiliy-shall-netsatich ohivory : Y P Y ¥ CAUTION: Tho delivered-t ltmentmay in-sonditions-Buy tyot satisfy-t i loan—B dorstands—_deli ot Hrnont theFi B ¥ ¥ Contingency-from the-Offor and-shifts- the-Fick-to-Buyerif-the loan- ded anwm TION RIGHTS Buyer < L doliverak ¢ befero-tho-Doadi line-357 1o thie Ofor 1 SaHior-dol ition-rotice-oftermination-to-B or-to-SolloreActial Resoipt-of ¥ yorpi P HYY K H b fr B y o EINANGING COMMITMENT-UNAVALABILITY: | a-finaneing Hnent-ie-pot thort tatod-in-th Offor{and Biyorhas_hot-atoady—d a cablot srmontforothor finaneingte-Seller) B it ¥ P g G H-Bey Syt it 1o _Soboret b o6of tondere)reicoton ot thor-ovid H profpy g-eop tay—ref ¥ [:l SELLER-FINANGING:-Sellershal-h 40 fterth 1 £ T Buyor delivery rotioe-of-ovie : i (o inlines-304-304: 12} the Deadline-for-dolivery-of the-t taentonlino-357 A y ; to cetivor-to-B Jon-sotico-of Sellors-desision-to-(i thio-4 o wilh-a-Rote-and-mergage-undorth « forth Otforand-this Offor shall-romain-a-full& doffost with-the-time-for closing-oxtonded-aceordingly £ Soliors nolice o not imely. givonrthe-option-for-Sellor- ido-financing-shallb derod K y-givorrtho-op! p g to-with-and-autherk Horto-oblai ditinformat o ato-to-dot it el Y-apprep Aikiness-for- Sellorfinanel 105/l THIS_ORFER IS NOT CONTINGENT-ON FINANGING-COMMITMENT|\Withi daye{Fif-oft-blani}-af oo Buvor chall dotvor te Sollor ot ) A ) 4 ancial inotitution-or-thire-parly-in-controhof Buyers-funds-that Buyer-has-at ¢ g wop th - tent-funds-te-ck ¥ S to-deliverio Soler: ¢ Serohweritt foationord aton ool doteredSaller-h ot by-doHverig Witk tico-to-B or-to-S, ¢ £ Buyor: ot yorpi Py i rgage-fi ke o finanol (o allow-Briyor gog g - 4o the-P: raioahB that this Offer-le-netsubjost pp ppraleat- i toth calmest ihic Offor-io-otbj doos-the-rightof PP 5 - sat trmentoent goney m(___] AFPRA!SAEGQNI&NGE“"“"T“ Otfor is-contingont 8 Buyer'slonder-having-the-R gortupon-Buy ¥ g : A lifiod-independont isor-whet vl P pp pp econt to e data. ctatod on-Hne—+-of this-Offer-indieal isod valuotor the-Proport " tor th . g g-ar-app pory-eq ¢ th o e ) g pOR-p price: This-conth halbo-deermed-satisfiod-urioss B it daye-all rance—dolivers-io-Sel o goney yoF; Y plancer Py ik ‘ealreportindioat ioodvaletoss than th a ave-pHee_and.a wHiteR Rotice-objocti PP P Gran-app ¢ PO priees josting 4ai-to-the-appraised-vakie: 422w RIGHT TO CURE: Seller (shall) (shet-pet) [S [STRIKE ONE (“shall” if neither is stricken) have the right to cure. 423 If Seller has the right to cure, Seller may satisfy this contingency by delivering written notice to Buyer adjusting the purchase 424 price to the value shown on the appraisal report within days ("5” if left blank) after Buyer's delivery of the appraisal Property Address: Lot 1 of CSM No. 6641 Page 8 of 12, WB-13 425 report and the notice objecting to the appraised value. Seller and Buyer agree to promptly execute an amendment initiated 426 by either parly after delivery of Seller's notice, solely to reflect the adjusted purchase price. 427 This Offer shall be null and void if Buyer makes timely delivery of the notice objecting to appraised value and the written 428 appraisal report and: 420 (1) Seller does not have the right to cure; or 430 (2) Seller has the right to cure but: 431 (a) Seller delivers written notice that Seller will not adjust the purchase price; or 432 (b) Seller does not timely deliver the written notice adjusting the purchase price to the value shown on the appraisal 433 report. NOTE-A tod FHAVA-o-USDA-Amendatory-ala do-thi i v 7 y-SHpP genay w05 [__| CLOSING OF BUYER'S PROPERTY CONTINGENGY+—Fhis-Offer| tingent-tpor-tho-closig-of-the-sale-of Iy iy located-at YOFe-proporty latorth ftho Doadiine)t closig o + by tho Doadine. thie-Offorshal ) T N H-and-void-untoes-Byerdelivereto-Sell beferethe-Deadli ble-wiit foation- SHnaneiaketitt thire-parly-t trokof Buyersfunds that Buyerhasratthe-trme-of verificat Hicientfunde-to-ch £ of brideo loanfinancing—ak ith it 4 ivina-thi 4 Deli £ vorficati £ of P g aIoRg g goney- ¥ P brideret ol not oxiend-the-slosing-date-for-this-Ofe BUMP-CLAUSE: It Sell io-a-bona-fid dar-offer—Selt " i tioo-to-Buver-that-aneth e 5 B ¥ g -6 t Horhasb ptodr i Buyerd + deliverto-Sellor-the-d sation-listed-bek itk h e i loft blanto-afior Buvers-AettalR sich-Rotice. this-Otfer shall-be-nul-and-veid-B +domverthe fellowing: AV Writton waiver-of.the-Ck 's Propery-Conti £ lino435-icrnarkod: th ¥ P geRey g {20\t ivorof 2} 7 & n i 4 g H-any): 13VA f-tha-folk i hocked-bolow: AR g d w3 || Proofofbrdgelean-finaneing: Proot-of-abilit-te-slosei financialinstituti thid trok ‘o funde-which-shalt ek hiad 28 P P s Solorwith able-writt fication-that-Buyor-has-atthe-t ificat +funde-to-closer Otk ncoroth ; o anyL ot add ; : o n 4 H-apy-{e-grpay F noRey-eter] SECONDARY-OFFER-This-Offer dart i od-atfer—This-Offer-shal-b ; w1 + y-to-e-pi P - priFaRUp & £ Wit fioo-to Buver that this-Offeris-b Unk therwi idodSelleris-net-obligated-to-give-B ek i y f B - P o &) g Y tort Deadl ; ik dancb tre—tighi-tob de-pri head-oi-oth i ¥ g A y-buyer-of g P ) danb Buy doclare-thie-Off 1 and-veid-bydeliver m tico-of-withdrawal-to-Selorprorte y-biiyore—Biy ¥ ¥ G P dolivery-of Sellor's-notico-that this-Offor-s-primary-Buy. y-notdolivor-holice-obwithdrawal-oarior th days (7" i loft blank)-aft 4 £ ihie Offor Al other Ofor-Doadlinos-thatrun-h " hall-run-fromtho-timo-thi U P g P 1 this Proport biectic-ah tion—B the-Prapory P ) B POFy-FASY o cublostioporod Tation forclosh done-time- line-from-transfor oL the-ProperyA 4 ) P 6 G pOFy—ARY 4 Ltina from-transfor-of-tho-R v chall bo-paid-at-closina-by-(SelerB ISTRIKE_ ONEH“Buver-it-roith < POFY P g-By-(S yORHETRIKE-ONE{"Hey fim nel\t—w‘ PRORATIONS) The-followine it it applicable-challb tod-atel " date-ctolosh 1 4661 T MiRg H-apph -6H P P ng T ostatot - e G P—private-and isinaloh " N g prep! t P P ges;-prop " ts fual-ane +o-GAUTION: o basis-forutility-oh fueloroth £ fdateofet 1 roth & + by gess id g > A 4 b to-Selk b skt closinathrouai-the-day-pHor ¥ T P -6 T P p i Roal-ostate-t hallb ot e baad-on CHECK BOX EORARPLICABLE PRORATION-FORMULA: P &) ¥ The-net Lroal-octato forth o m n i avallabloNot T roal-ootat w [ ] 6 P g-yoar: y g P defined ' iy b ftorstato-k ditc-and-lot it doducted - NOTE-THIS CHOICE & proporty ¥ -+ 2 G " L ¢ rnillrate- : £ tho-date-oieh \ w ] 6} Sal by th Ly o - off Kketval byt tho-brier reht tinliod-by-currertraill-rato- " £ the-date-oL-clesing): T ¥ P ¥ D g 433 CAUTION-B o & that theaetualreat Folost doub £ b By o <t ¥ Y betantialydifferent-than-th +ysedf & Iing truation; tensh habilitati ok dt tact_thelosal o g ) ) i Bl ha g G- tax ges: ) ) B a-Sell & to-th ior-d ing-based thet v [ ]Buy o P P i s thoasctuaHaxbil-fer-th £ olosi B Iy ta-charo—B el withinb H ¥ g ¥ P —Buyer g Property Address: -0t 1 of CSM No. 6641 Page 9 of 12, WB-13 days-of reesipt o £ tho-bill te-the-forwarding-addreas-Selk 4 ide-atclosing—The-Partios-shall Y 4 By :5 5 P 8 s within-30-cayve-of Buyor: it of the-actiaktax-bil-B & Selk thist + slosing-obligati P ¥ Y P By g P g-oblig Ho-th ity of tho-Parties-t loto—robth ibility-of the-reak-ostate-Firme-in-this 4 ¥ pleter P Y 4189 m CONVEYANCE OF TITLE: Upon payment of the purchase price, Seller shall convey the Property by warranty deed 490 (trustee’s deed if Seller is a trust, personal representative’s deed if Seller is an estate or other conveyance as 491 provided herein), free and clear of all liens and encumbrances, except: municipal and zoning ordinances and agreements 492 entered under them, recorded easements for the distribution of utility and municipal services, recorded building and use 493 restrictions and covenants, present uses of the Property in violation of the foregoing disclosed in Seller's Vacant Land 404 Disclosure Report and in this Offer, general taxes levied in the year of closing and 495 496 (insert other allowable exceptions from title, if 497 any) that constitutes merchantable tifle for purposes of this transaction. Seller, at Seller's cost, shall complete and execute 498 the documents necessary to record the conveyance and pay the Wisconsin Real Estate Transfer Fee. 495 WARNING: Municipal and zoning ordinances, recorded building and use restrictions, covenants and easements 500 may prohibit certain improvements or uses and therefore should be reviewed, particularly if Buyer contemplates 501 making improvements to Property or a use other than the current use. 502 m TITLE EVIDENCE: Seller shall give evidence of title in the form of an owner's policy of title insurance in the amount of 503 the purchase price on a current ALTA form issued by an insurer licensed to write title insurance in Wisconsin. Seller shall s04 pay all costs of providing title evidence to Buyer. Buyer shall pay the costs of providing the title evidence required by Buyer's 505 lender and recording the deed or other conveyance. 506 m GAP ENDORSEMENT: Seller shall provide a “gap” endorsement or equivalent gap coverage at (Seller's)(Buyer's) 507 ETRIKE ONE (“Seller's" if neither stricken) cost to provide coverage for any liens or encumbrances first filed or recorded 508 after the commitment date of the title insurance commitment and before the deed is recorded, subject to the titie insurance 500 policy conditions, exclusions and exceptions, provided the title company will issue the coverage. If a gap endorsement or s10 equivalent gap coverage is not available, Buyer may give written notice that itle is not acceptable for closing (see lines 516- 511 523). 512 m DELIVERY OF MERCHANTABLE TITLE: The required title insurance commitment shall be delivered to Buyer's attorney 513 or Buyer not more than days after acceptance (*15" if left blank), showing title to the Property as of a date no more 514 than 15 days before delivery of such title evidence to be merchantable per lines 489-498, subject only to liens which will be 515 paid out of the proceeds of closing and standard title insurance requirements and exceptions, as appropriate. 515 8 TITLE NOT ACCEPTABLE FOR CLOSING: f title is not acceptable for closing, Buyer shall notify Seller in writing of 517 objections to title within days (“15” if left blank) after delivery of the title commitment to Buyer or Buyer's attorney. In 518 such event, Seller shall have days (“15" if left blank) from Buyer's delivery of the notice stating title objections, to 519 deliver notice to Buyer stating Seller’s election to remove the objections by the time set for closing. If Seller is unable to 520 remove said objections, Buyer shall have five days from receipt of notice thereof, to deliver written notice waiving the 521 objections, and the time for closing shall be extended accordingly. If Buyer does not waive the objections, Buyer shall deliver 522 written notice of termination and this Offer shall be null and void. Providing title evidence acceptable for closing does not 523 extinguish Seller's obligations to give merchantable title to Buyer. ok CRECIAL ASSESSMERNTS/OTHER CVDENSEC. gt lavied- £ che. taall d St P g YT Y o b datoctatod-on Hno_1-of this Offer-shallbe-paid-by-Selk laterthan-clesh ot ial . Paie-by - P el be-paid-by-B L evied? thelosal-municinal o b odi hac adopted-ard-published-a-finakresetti peid-by-Buyer: pal-g g-bedy P s doseribina-theplannedd tc-and-th 4 of bonefi g-Hhe-p P . CAUTION:-Consic ial Lif & sy iati & ial + P S rproperty 5P B £ + servl derWisStat5-66.0627 or-obH templatod- 1Otk u —$ P P it tirme-oh i ook blic to (otherthanth Iting-d jal 46} ) gony P P t G5 } elating-& b eutierstreet-sidewalic icinal-wak it st t ot lineluding-all g rgutters 5 4 P 7 ¥ t S ! & hook-usl £ Lint torch ) parke streetlight d-stroetd dimpact P ges)parkes ghting g P toes for-oth blicfaeilit defined-inWic-Stot-—§-66-0647(1{f- —p : §-66- RTYHE Pronory-t v leased-andloacole)-oxtond-beyend-closina-Soller-shalk-acsign-SellorsFight Y Y (e} ¥ I g < or-oaidloacele)and-transtoralt ity dopesite-ard ie-rontoth dorio-B £ closiia—Tho-k £ 4 e Y-Gep PrOP Y So LwrittonHorall STRIKE ONEHoasefe)it {oral S TRIKEONE FriaRy: Trcoradditionatt anyalinos 655 666-or attach ddondurm-poriine 682: 539 [DEFINITIONS] 540 ® ACTUAL RECEIPT: “Actual Receipt” means that a Party, not the Party’s recipient for delivery, if any, has the document 541 or written notice physically In the Party's possession, regardless of the method of delivery. If the document or written notice 542 is electronically delivered, Actual Receipt shall occur when the Party opens the electronic transmission. 513 m BUSINESS DAY: “Business Day" means a calendar day other than Saturday, Sunday, any legal public holiday under 544 Wisconsin or Federal law, and any other day designated by the President such that the postal service does not receive proporty Adcross; Lot 1 0f CSM No. 6641 545 registered mail or make regular deliveries on that day. 545 m DEADLINES: “Deadlines” expressed as a number of “days” from an event, such as acceptance, are calculated by s47 excluding the day the event occurred and by counting subsequent calendar days. The Deadline expires at Midnight on the 540 last day. Additionally, Deadlines expressed as a specific number of Business Days are calculated in the same manner s40 except that only Business Days are counted while other days are excluded. Deadlines expressed as a specific number of 550 "hours” from the occurrence of an event, such as receipt of a notice, are calculated from the exact time of the event, and by s51 counting 24 hours per calendar day. Deadlines expressed as a specific day of the calendar year or as the day of a specific 552 event, such as closing, expire at Midnight of that day. “Midnight” is defined as 11:59 p.m. Ceéntral Time. 553 m DEFECT: “Defect” means a condition that would have a significant adverse effect on the value of the Property; that would 554 significantly impair the health or safety of future occupants of the Property; or that if not repaired, removed or replaced would ss5 significantly shorten or adversely affect the expected normal life of the premises. 556 m FIRM: “Firm" means a licensed sole proprietor broker or a licensed broker business entity. 557 m PARTY: “Party” means the Buyer or the Seller; “Parties” refers to both the buyer and the Seller. 556 @ PROPERTY: Unless otherwise stated, “Property” means the real estate described at lines 4-8. s59 [NCLUSION OF OPTIONAL PROVISIONS] Terms of this Offer that are preceded by an OPEN BOX ([__]) are part of s60 this offer ONLY if the box is marked such as with an “X". They are not part of this offer if marked “N/A” or are left blank. s61 [PROPERTY DIMENSIONS AND SURVEYS] Buyer acknowledges that any land dimensions, or total acreage or square 562 footage figures, provided to Buyer by Seller or by a Firm or its agents, may be approximate because of rounding, formulas 563 used or other reasons, unless verified by survey or other means. s6¢ CAUTION: Buyer should verify total square footage formula, total square footage/acreage figures, and land s65 dimensions, if material. 566 Wflw Buyer and Seller authorize the agents of Buyer and Seller to: (i) distribute copies of s67 the Offer to Buyer's lender, appraisers, title insurance companies and any other settlement service providers for the 568 fransaction as defined by the Real Estate Settlement Procedures Act (RESPA); (ii) report sales and financing concession se9 data to multiple listing service sold databases; (iii) provide active listing, pending sale, closed sale and financing concession 570 information and data, and related information regarding seller contributions, incentives or assistance, and third party gifts, 571 to appraisers researching comparable sales, market conditions and listings, upon inquiry; and (iv) distribute copies of this 572 Offer to the seller or seller’s agent of another property that Seller intends on purchasing. 573 Seller shall maintain the Property and all personal property included in the purchase price until the earlier s74 of closing or Buyer's accupancy, in materially the same condition it was in as of the date on line 1 of this Offer, except for 575 ordinary wear and tear. Page 10 of 12, WB-13 cLosichHi-priorto-clesing—theR v i - P &g Pery ) thot thand otk B n therth; + et Norchall v notifeB P P PHEeT T PrOMpry Yy it d-will-bo-obligated-H tore-the-R e toriathth dition-it # E-the-dat tine-+-of S ) Perty Y thig-Off Hor-chalt ido-BH itk i £ all irad its-andli i for-tholienabk i latorth i Lig 2 P 4 P P tosing—th tofd e o thy ™ i Hor-chalt i i B, i i 3 g &) P lid PREer PFOMPYY i S tha—ek Ad-thie-Off bo-torminatod-at-opti £ Buver—Shewld-Bi ootk + this-Ofor-despit h ) 4 d yors 4 Y i & B hal-b Hilod-to-the-i e |atina-to-the—g to-the-P) ol dit GOy P g s g £) PRy Y doth N 4 al-to-th +of-Sellers-dedustib h-poliov—it n ifthis-sale-is-6 ed P P G Poney; Y= T by-a-land trat i 4 X0 i ds-shal-be-held-r-trust-for-th ) £ reston ¢ gag ey P Lideid 4 g ses-the-Rreperty: s86 BUYER'S PRE-CLOSING WALK-THROUGH] Within three days prior to closing, at a reasonable time pre-approved by 57 Seller or Seller's agent, Buyer shall have the right to walk through the Property to determine that there has been no sen significant change in the condition of the Property, except for ordinary wear and tear and changes approved by Buyer, and sas that any Defects Seller has agreed to cure have been repaired in the manner agreed to by the Parties. 590 Occupancy of the entire Property shall be given to Buyer at time of closing unless otherwise provided in 591 this Offer at fines 655-660 or in an addendum attached per line 682, or lines 534-538 if the Property is leased. At time of 592 Buyer's occupancy, Property shall be free of all debris, refuse, and personal property except for personal property belonging 593 to current tenants, or sold to Buyer or left with Buyer's consent. Occupancy shall be given subject to tenant's rights, if any. 594 Seller and Buyer each have the legal duty to use good faith and due diligence in completing the terms and 595 conditions of this Offer. A material failure to perform any obligation under this Offer is a default that may subject the defaulting 596 party to liability for damages or other legal remedies. s97 If Buyer defaults, Seller may: X se8 (1) sue for specific performance ape-reqtest-t Rest y-as-partiakpay tot-the-pureh fee; or 509 (2) terminate the Offer ane-have-the-option-to: {a)-reduectth + -astiguidated-damagesor-{B}sHe-k tual 660 damages: 601 |f Seller defaults, Buyer may: 602 (1) sue for specific performance; or 603 (2) terminate the Offer and-requestthe-fot iy it Y H teral-¢l g +both. Property Address: ___ Lot 1 of CSM No. 6641 Page 11 of 12, WB-13 04 Hr-addition—the-Rart X o i itablo-in i The-Rai dorstand-that-th abili g Y Y ey F-any-judisial dy-witl-depend-upon-the-cH 4 £ tho-gituati d-ihe-diseroti £ re—t-oithor-Rar defaulto—the-Parti gotiate-the-Off 4 judioiak-disp lutiorinstead-obth i Hincd-ab g 2 A d B ina-to-birek bitration—the-Par Jose-the-righi-to-litigate-i +oflanw-th disout d-ba-thy Y-&gi <) &2 T oy g &) P Y ees-arbitration-agroerment. 600 NOTE: IF ACCEPTED, THIS OFFER CAN CREATE A LEGALLY ENFORGEABLE CONTRACT. BOTH PARTIES 610 SHOULD READ THIS DOGCUMENT CAREFULLY. THE FIRM AND ITS AGENTS MAY PROVIDE A GENERAL 511 EXPLANATION OF THE PROVISIONS OF THE OFFER BUT ARE PROHIBITED BY LAW FROM GIVING ADVICE OR 612 OPINIONS CONCERNING YOUR LEGAL RIGHTS UNDER THIS OFFER OR HOW TITLE SHOULD BE TAKEN AT 615 CLOSING. AN ATTORNEY SHOULD BE CONSULTED IF LEGAL ADVICE IS NEEDED. 614 This Offer, including any amendments to it, contains the entire agreement of the Buyer and Seller 615 regarding the transaction. All prior negotiations and discussions have been merged into this Offer. This agreement binds 616 and inures to the benefit of the Parties fo this Offer and their successors in interest. 617 [NOTICE ABOUT SEX OFFENDER REGISTRY] You may obtain information about the sex offender registry and persons 618 registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at http://www.doc.wi.gov 619 or by telephone at (608) 240-5830. 620 [FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (FIRPTA)] Section 1445 of the Internal Revenue Code (IRC) 621 provides that a transferee (Buyer) of a United States real property interest must pay or withhold as a tax up to 16% of the s22 total "Amount Realized” in the sale if the transferor (Seller) is a “Foreign Person” and no exception from FIRPTA withholding 623 applies. A “Foreign Person” is a nonresident alien individual, foreign corporation, foreign partnership, foreign trust, or foreign 624 estate. The "Amount Realized” is the sum of the cash paid, the fair market value of other property transferred, and the 625 amount of any liability assumed by Buyer. 256 CAUTION: Under this law if Seller is a Foreign Person, and Buyer does not pay or withhold the tax amount, Buyer 627 may be held directly liable by the U.S. Internal Revenue Service for the unpaid tax and a tax lien may be placed 628 upon the Property. 620 Seller hereby represents that Seller is a non-Foreign Person, unless (1) Seller represents Seller is a Foreign Person in a 630 condition report incorporated in this Offer per lines 94-97, or (2) no later than 10 days after acceptance, Seller delivers 631 notice to Buyer that Seller is a Foreign Person, in which cases the provisions on lines 637-639 apply. 632 IF SELLER IS A NON-FOREIGN PERSON. Seller shall, no later than closing, execute and deliver to Buyer, or a qualified 633 substitute (attorney or title company as stated in IRC § 1445), a sworn certification under penalties of perjury of Seller's 634 non-foreign status in accordance with IRC § 1445. If Seller fails to timely deliver certification of Seller's non-foreign status, 635 Buyer shall: (1) withhold the amount required to be withheld pursuant to IRC § 1445; or, (2) declare Seller in default of this 636 Offer and proceed under lines 601-608. esr-IF-SELLER1S-A FOREIGN-PERSON-H-Sellorhac-reprosentod-that-Selior-is-a-Fersign-Rersonr-Buyershat-withheld-th 4 irod-to-be-withhold - to IRC-S-1445-at-closk loss-tho-Rartics-h dod-thic-Off i o 5 ) garding te-to-be-withhold ithheldi tion-to-b Hod i Jution-oi-thi i Ry 4 i phed: - 610 COMPLIANCE WITH FIRPTA. Buyer and Seller shall complete, execute, and deliver, on or befare closing, any instrument, 641 affidavit, or statement needed to comply with FIRPTA, including withholding forms. If withholding is required under IRC 642 §1445, and the net proceeds due Seller are not sufficient to satisfy the withholding required in this transaction, Seller shall 643 deliver to Buyer, at closing, the additional funds necessary to satisfy the applicable withholding requirement. Seller also 644 shall pay to Buyer an amount not to exceed $1,000 for actual costs associated with the filing and administration of forms, 645 affidavits, and certificates necessary for FIRPTA withholding and any withholding agent fees. a4 Any representations made by Seller with respect to FIRPTA shall survive the closing and delivery of the deed. 647 Firms, Agents, and Title Companies are not responsible for determining FIRPTA status or whether any FIRPTA exemption o48 applies. The Parties are advised to consult with their respective independent legal counsel and tax advisors regarding a49 FIRPTA. (o-a—dolt % ofnurehy tco-oto—toward-Buyersbrok {8 T i PHEST-6t6); Y &) % olosmg—P rrado—undorthi ) 4 io-adiustment-only—and-d L i g—Hay P P : y Y Jationchin-bot Buyers-Fi d-Soll - the-Rati Buvers-Firmie-a-diroctandirtondod-third-part goRey P Y T g Y paFty 655~ /ADDITIONAL PROVISIONS/CONTINGENGIES] o6t [DELIVERY OF DOCUMENTS AND WRITTEN NOTICES] Unless otherwise stated in this Offer, delivery of documents and 62 written notices to a Party shall be effective only when accomplished by one of the authorized methods specified at lines 663 664-679. Proporty Address: __Lot 1 of CSM No. 6641 Page 12 of 12, WB-13 es4 (1) Personal: giving the document or written notice personally to the Party, or the Party's recipient for delivery if named at 665 line 666 or 667. 666 Name of Seller's recipient for delivery, if any: Mayor Jenifer Quimby s67 Name of Buyer's recipient for delivery, if any: Thomas Yohn 668 || (2) Fax: fax transmission of the document or written notice to the following number: 869 Seller: ( ) Buyer: ( 670 (3) Commercial: depositing the document or written notice, fees prepaid or charged to an account, with a commercial o1 delivery service, addressed either to the Party, or to the Party's recipient for delivery, for delivery to the Party's address at 672 line 675 or 676, 673 (4) U.S. Mail: depositing the document or written notice, postage prepaid, in the U.S. Mail, addressed either to the o74 Party, or to the Party's recipient for delivery, for delivery fo the Party's address. 675 Address for Seller: Clty of Waterloo, 136 North Monroe Street, Waterloo, Wl 53594 676 Address for Buyer: 208 Indian Summer Road, Marshall, Wl 53559 77 [X_] (5) Email: electronically transmitting the document or written notice to the email address. ¢78 Email Address for Seller: mayor@waterloowl.us 679 Email Address for Buyer: 680 PERSONAL DELIVERY/ACTUAL RECEIPj Personal delivery to, or Actual Receipt by, any named Buyer or Seller 681 constitutes personal delivery to, or Actual Receipt by, all Buyers or Sellers. o2 [ | ADDENDA: Fho-attachod Iolare-rrade-part-of-this-Offor: 683 This Offer was drafted by [Licensee and Firm] _Christoher Nelson, Attorney for the City of Waterloo, Axley, LLP, SBN 1113547 684 WIRE FRAUD WARNING! Wire Fraud is a real and serious risk. Never trust wiring instructions 685 sent via email. Funds wired to a fraudulent account are often impossible to recover. 686 Criminals are hacking emails and sending fake wiring instructions by impersonating a real estate 687 agent, Firm, lender, title company, attorney or other source connected to your transaction. These 688 communications are convincing and professional in appearance but are created to steal your 689 money. The fake wiring instructions may even be mistekenly forwarded to you by a legitimate a40 source. 691 692 693 DO NOT initiate ANY wire transfer until you confirm wiring instructions IN PERSON or by YOU calling a verified number of the entity involved in the transfer of funds. Never use contact information provided by any suspicious communication. 694 Real estate agents and Firms ARE NOT responsible for the transmission, forwarding, or 895 verificatl&o@iring or money iWnstructicns. v D A ezt 67 Buyérs Signature A Prim/wm’e Here» —7/\==A% A L/w‘/}’\ DaéA 698 (X) 699 Buyer's Signature A Print Name Here» Date A 700 SELLER ACCEPTS THIS OFFER. THE WARRANTIES, REPRESENTATIONS AND COVENANTS MADE IN THIS 701 OFFER SURVIVE CLOSING AND THE CONVEYANCE OF THE PROPERTY. SELLER AGREES TO CONVEY THE 202 PROPERTY ON THE TERMS AND CONDITIONS AS SET FORTH HEREIN AND ACKNOWLEDGES RECEIPT OF A 703 COPY OF THIS OFFER. 704 (X) 705 Seller's Signature A Print Name Here» Date A 706 (X) 707 Seller's Signature A Print Name Hereb Date A 708 This Offer was presented to Seller by [Licensee and Firm] 709 on at a.m./p.m. 710 This Offer is rejected This Offer is countered [See attached counter] 7 Seller Initials A Date A Seller Initials A Date A _ DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT (the “Agreement”) is entered by and between the City of Waterloo, a Wisconsin municipal corporation (the “City”), with its principal office located at 136 N. Monroe Strect, Waterloo, WI 53594, and Thomas A. Yohn, an adult resident of the state of Wisconsin (the “Developer”), residing at 208 Indian Summer Road, Marshall, WI 53559, The parties to this Agreement may be referred to herein individually as “Party” or collectively as “Parties”. This Agreement is effective as of the date signed by both parties (the “Effective Date™). WITNESSETH: WHEREAS, the City owns a 5.12-acre property located at 333 Portland Road, Parcel ID No. 290-0813-0542-018, which is legally described as: Lot 1 of Certified Survey Map No, 6641, Document No. 1504842, City of Waterloo, Jefferson County, Wisconsin (the “Property”); and WHEREAS, the Property is located in the City’s Tax Increment District No. 3 (“TID No. 3”); and WHEREAS, the Developer has offered to purchase the Property for $100.00, to develop the Property as an Auction House; and WHEREAS, the City desires to sell the Property to the Developer in accordance with the terms and conditions atticulated in this Agreement. NOW, THEREFORE, the Parties state and agree as follows: 1. Incorporation. The recitals articulated above are incorporated herein by reference. 2. Objective. The objective of this Agreement is to provide for the development of the Property for a commercial use, as an Auction House. By this Agreement, the Parties intend to accomplish the following: a. Allow the Developer to acquire the Property; b. Aticulate the terms and conditions by which the Developer shall construct utility extensions to the Property; c Establish a defined improvement plan that states the improvements the Developer must construct to serve the Property and establish an Auction House on the Property in accordance with an agreed upon schedule for such improvements; d. Ensure that the Property provides sufficient tax revenues to allow the City to recover the costs of the subsidized price at which the City is selling the Property to the Developer and to permit the City to administer TID No. 3. Page 10f 12 3. Developer’s Obligations. Upon execution of this Agreement, the Developer shall proceed as follows: a. Acquire the Parcel. The Developer shall acquire fee simple title to the Property from the City for One Hundred Dollars ($100.00). The Parties shall execute all necessary documentation to effect the Developer’s acquisition of the Property. The date on which the City transfers the Property to the Developer is hereafter referred to as the “Acquisition Date”. b. Obtain a Conditional Use Permit. The Property is zoned M-1 Limited Industrial District. The Developer understands that an Auction House use is a conditional use in the M-1 District. The Developer shall apply for and obtain a conditional use permit from the City, permitting the location and operation of an Auction House on the Property. Developer understands that by entering this Agreement, the City is not agreeing to grant a conditional use permit to the Developer, and that the Developer must make a separate application to the City for a conditional use permit and meet all conditions required for such permit as articulated in Wisconsin Statutes and City Code. [ Construct Utilities. The Developer is required to extend municipal water, sewer, and electric utilities to serve the Auction House building (the “Building™) to be constructed on the Property. The Developer is responsible for all costs associated with the extension of municipal water, sewer, and electric utilities necessary to serve the Building, Prior to construction of the utility extensions, the Developer shall present engineering plans for the utility extensions to the City and Waterloo Utilities for review and approval by the Waterloo Utilities Engineer. The Developer’s plan to extend utilities to serve the Auction House facility must conform with all requirements of the City Code and any terms, conditions, and recommendations of the Waterloo Utilities Engineer, and shall be constructed in accordance with generally accepted industry standards and practices. The plans for utility extensions will be incorporated into this Agreement and attached as an Exhibit upon approval by the Waterloo Utilities Engineer. d. Construct the Improvements. The Developer has presented the City with a phased improvement plan for the Property, which the Parties agree is necessary for the operation of an Auction House facility on the Propetty. In accordance with these plans, which are attached hereto and incorporated herein as Exhibit A, the Developer shall: i Within one (1) year of the Acquisition Date, the Developer shall fence the Property, install gravel in the staging area, and establish a tree screening between the Property and Lot 2 of CSM 6641 (Parcel Identification No. 290-0813-053 1-001). il Within two (2) years of the Acquisition Date, the Developer shall complete the Building on the Property, install all concrete approaches, and install security lighting. il Within three (3) years of the Acquisition Date, the Developer shall complete the asphalt parking lot for the property. iv. The Developer commits to making all such improvements in accordance with the approved improvement plans, attached hereto as Exhibit A. Page20f 12 e. Developer’s Guaranteed Payment. i As part of its improvement plan, the Developer guarantees a certain minimum property tax revenue to the City for each tax year for which the improvements remain incomplete (the “Guaranteed Payment”). The Guaranteed Payment is calculated as follows: the Parties agreed to an assumed total value of the Property as improved of $394,400.00 (the “Assumed Value™); for each tax year, the Assumed Value is multiped by the applicable Mill Rate for the tax year to establish the tax revenue that the Property should generate upon improvement (“Improved Tax Revenue”); the actual property taxes paid by the Developer for the applicable tax year are then subtracted from the Improve Tax Rovenue to result in the Guaranteed Payment. As a way of example, when the Assumed Value is multiplied by the 2025 Mill Rate, the Improved Tax Revenue payment is $6,441.33. The Guaranteed Payment for Tax Year 2026 would be either this amount reduced by the amount of any actual property taxes paid to the City. The Guaranteed Payment for any tax year shall not be less than $6,441.33, il. For each year this Agreement is in effect and for which the improvement plan is incomplete, the Developer shall make a Guaranteed Payment to the City on or before December 31 of each applicable year. For the year in which this Agreement is executed, the Guaranteed Payment shall be prorated. iii. Upon full and final completion of the improvement plan as articulated in Paragraph 3.d. of this Agreement, the Developer shall have no further obligation to make the Guaranteed Payment. 4, City Representations and Warranties. a. The City has the requisite power and authority and legal right to enter into this Agreement and to perform the transactions contemplated hereby. b. The individuals executing this Agreement on behalf of the City are duly empowered and authorized to execute this Agreement on Dbehalf of the City and to deliver the same. Once this Agreement has been duly executed and delivered by all Parties hereto, it will constitute a binding obligation on behalf of the City subject to the terms and provisions hereof. c. The City will establish any necessary utility easements on Lot 2 of Certified Survey Map No. 6641, Document No. 1504842, City of Waterloo, Jefferson County, Wisconsin, to serve the Property. The City agrees to cooperate with the Developer in the establishment of said easements. S. Developer Representations and Warranties. a, The Developer has the full power and authority to enter into this Agreement and to perform its obligations hereunder. b. Contingent upon the closing of the acquisition of the Property, the Developer will accept fee simple title to the Property; will cause the completion of the Developer’s Obligations in accordance with the terms of this Agreement and all applicable federal, state, and local laws, Page3 of 12 ordinances, and regulations; and the Developer will pay all costs and expenses of the completion of the Developer’s Obligations. c. The execution and delivery of this Agreement and the consummation of the transactions contemplated herein or the performance of Developer’s obligations hereunder, will not result in a breach of any terms, provisions or conditions of any agreement, written or otherwise, affecting the Developer or by which it is bound. 6. Term. The term of this Agreement shall be for a period commencing upon the date that this Agreement is signed by both Parties and expiring on the earlier of the Developer’s completion of the Developer’s Obligations, or the expiration of TID No. 3. 7. Sale of the Property. The Developer requires the express consent of the City to sell the Property prior to the expiration of the Term. The City will not unreasonably withhold consent to the sale of the Property, but may impose certain reasonable conditions on any proposed sale of the Property, including but not limited to the requirement that the subsequent purchaser assumes the Developer’s obligations under this Agreement or that the subsequent purchaser enter a separate development agreement with the City. 8. Miscellaneous Provisions. a. Amendment of Agreement. This Agreement may only be amended by the signed written agreement of the Parties. b. Severability. If any provision of this Agreement is held invalid, it shall be considered deleted from this Agreement and shall not invalidate the remaining provisions of this Agreement, which shall continue in full force and effect. c. No_Assignment, Neither Party may assign its rights or obligations under this Agreement without the expressed written agreement of the other Party. d. No Vested Rights. Nothing in this Agreement shall be construed to grant the: Developer any vested rights regarding the development, improvement, and use of the Property. e. 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. Signatures delivered by electronic transmission, including by PDF or other electronic means, shall be deemed to be original signatures for all purposes. [SIGNATURE PAGE IMMEDIATELY FOLLOWS] Paged of 12 N WITNESS WHEREOF, the parties have executed this Agreement effective as of the last date of signature below. CITY OF WATERLOO By: Jenifer Quimby, Mayor ATTEST: Jeanne Ritter, City Clerk/Deputy Treasurer Thomas A. Yohn DRAFTED BY: Attorney Christopher T. Nelson AXLEY LLP 2 Bast Mifflin Street Madison, Wisconsin 53703 Page5of 12 Date Date 15 ) z0Z¢ Dat 136 North Monroe Street Waterloo, WI 53594 Phone: (920) 478-3025 Fax: (920) 478-2021 www.waterloowi.us Resolution No. 2026-24 A Resolution Approving a New Credit Card System for City Hall, Parks and Police WHEREAS, the City Hall, Parks and Police are in need of an updated credit card system to better serve Waterloo; and WHEREAS, the current system is not working in City Hall and the system does not have capabilities for online payments; and WHEREAS, the funds would come from ;and WHEREAS, the City of Waterloo has received a quote from Town Web for $3,400.00 for the 15t year and then $2,400.00 for each additional year ; NOW, THEREFORE, BE IT RESOLVED by the City Council of Waterloo, WI: 1. Authorization to Purchase: The City Council hereby authorizes City Hall to purchase and install a new credit card system from Town Web for $3,400.00 for the 1% year and $2,400.00 each additional year. 2. Funding Allocation: The City Council approves funding from 3. Effective Date: This resolution shall be in full force and effect immediately upon its adoption. Passed and adopted by the City Council of Waterloo on this 215 of May, 2026. City of Waterloo Signed: Attest: Jenifer Quimby Mayor Jeanne Ritter Clerk/Deputy Treasurer Town Web's Digital Governance: Your Government OS Py Proposal prepared for CITY OF WATERLOO, WI =" |TOWNWEE You Gain Civic Engagement Where ‘ Connectivity Meets Community Delivered on: April 14,2026 | Submitted by: Karl Pacheco, Town Web Design, LLC | Expiring on: May 31, 2026 City Of Waterloo, Wi 136 N Monroe Street Waterloo, Wisconsin, 53594 Dear Lana, In today's world, keeping up with a digital presence while making sure everyone's in the loop can feel like juggling flaming torches for municipalities. As a city clerk, you've probably got your hands full. Between a pile of tasks, trying to get a word out in a way that sticks, and adapting to how things have shifted post-pandemic, it's a lot. Ever feel like you're stuck on a hamster wheel, thanks to a website that seems more like a foe than a friend? Yeah, we get it. It's not just about slapping on a new coat of digital paint. What really makes a difference is having a solution that gets the whole picture and a partner who's got your back on the unique challenges municipalities face. That's where Town Web comes in, and I'm happy to provide you with a custom solution. With HeyGov, residents can easily complete and submit online forms for common requests—whether it's reporting concerns, requesting documents, or submitting general inquiries—reducing the need for in-person visits and manual paperwork. We also streamline the application process for permits and licenses by bringing everything online. Residents can apply, upload required documents, and track their status in one place, while your team benefits from organized, centralized submissions. In addition, our platform enables online reservations for community spaces and facilities, allowing residents to book and manage availability in real time without back-and-forth communication. To further simplify operations, we integrate secure online payment options so residents can conveniently pay for permits, fees, and reservations—helping your municipality save time, reduce errors, and improve cash flow. We are committed to providing you with an accessible, affordable, and easy-to-use government operating system that will make your municipal life easier. We don't want to just be your vendor. We desire to be a long- term partner. In the following pages, we'll dive deeper into how Town Web can help you overcome your challenges and transform your municipal every day from a source of stress to a fountain of success. Sincerely, Karl Pacheco New Client Coordinator with Town Web Design, LLC Kkarl@townweb.com | Toll-Free: 877-995-TOWN (8696) Town Web - Your Government Operating System TOWN WEB'S STORY Back in 2007, nestled in the heart of Wisconsin, Town Web began its journey. We started as a small team with big dreams, spotting a need for communities to dip their toes into the digital waters. As the digital landscape morphed—from desktops ruling the roost to smartphones becoming our fifth limb, from the first ping of a push notification to the comprehensive wave of digital transformation—we've been right there, growing and adapting hand-in-hand with the evolving needs of our municipal clients. Fast forward to today, and you'll find us in 45 states with 800 customers under our belt. What's even more heartwarming? Hundreds of those clients have stuck by us for over a decade! And why, you might ask? Because at the core of everything we do, it's all about our solutions for you and how we support you! We're all about listening—really listening—to what municipal staff like you need and then crafting our solutions to fit those needs perfectly, all while keeping your budget in mind. Our commitment to R&D means we're ahead of the curve, ensuring the tools we provide solve the demands you have. (And yes, even some of our municipal software is powered by Al!) We're boasting a 97% average customer satisfaction rate from our municipal customers. Yet, what truly sets us apart isn't just our software or our support. It's our dedication to making your municipal life easier. How do we deliver an easier municipal life for you? It's a mix of the following: 1. Our software is a breeze to use and highly intuitive. 2. Our tutorials, how-to files, and training video library cover all the bases. 3, Our support team is on standby 24/7 to help you. In essence, Town Web's story is a tale of dedication to you, the heartbeat of municipal operations. We're not just a provider; we're your guide to navigating the complexities of digital governance & municipal life. We arm you with the tools and support so you can serve your community better. Let's embark on this journey together, towards a more efficient, effective, and digitally empowered municipal government! Town Web - Your Government Operating System Service Overview Town Web's Digital Governance platform, branded as "HeyGov", is a cloud-based software suite designed to streamline municipal operations by moving essential services online. More than just a payment portal, "HeyGov" is a comprehensive solution that reduces administrative workload, enhances efficiency, and improves communication between departments, staff, and residents. With "HeyGov", municipalities can digitize forms, licenses, and applications, ensuring that submitted information seamlessly flows across departments. This eliminates paperwork bottlenecks, speeds up processing times, and enhances collaboration. The platform also integrates an advanced payment portal, allowing municipalities to collect fees online, in person, and remotely. Al digital forms, payments, and applications can be embedded directly within a municipality's website, ensuring a seamless experience for both residents and staff. Plus, Town Web's "White-Glove" Concierge Service provides full onboarding support, making implementation smooth and hassle-free. Key Benefits of Town Web's Digital Governance "HeyGov" Municipal administrators and department heads can manage a wide range of services from the dedicated Digital Governance Dashboard (https://app.heygov.com): + Department & User Management - Set up departments, assign roles, and manage staff access. + Form & License Processing - Create, edit, and manage forms using a simple drag-and-drop editor. « Workflow Automation - Customize how applications and licenses are reviewed and approved. « Bank Account & Payment Management - Set up different accounts per department and configure fees (e.g., resident/non-resident pricing, deposit fees, late fees). zen Engagement & Payment Tracking - View form submissions, payments, and reported issues from residents in one centralized system. « 311 Issue Tracker - Receive and manage non-emergency concerns submitted by residents. Town Web - Your Government Operating System Online Payments "HeyGov Pay" A robust payment portal allowing municipalities to collect fees online, in person, or remotely. Payments integrate with existing utility billing and accounting systems for easy reconciliation. Online Forms and Digital Workflows Module "HeyLicense" Digitize and streamline the processing of municipal forms, licenses, and applications, such as: + Dog licenses X o 5 + Building permits M P . wama + Operator licenses e « Boat launch permits [ » « Land use applications 6 With automated workflows, information is routed efficiently across departments, ensuring timely processing and reducing manual effort. s Online Venue and Campground/Marina Rentals "HeyReserve" Enable your residents to book, review town policies, and submit payments all in one place - an online reservation system that enables you to manage facility rentals for community spaces, such as: « Park shelters & pavilions « Sports fields « Eventvenues « Campsites & RV sites Citizens' Requests and Reports "Hey311" A modern citizen engagement tool that enhances communication between residents and municipal offices. Citizens can: « Report non-emergency issues (e.g., potholes, streetlights, public works concerns). « Track requests in real time. + Receive automated updates as their request is processed. Municipal staff can assign, track, and resolve issues efficiently, ensuring transparency and accountability. Unparalleled Support for Municipalities We know that each municipality has its unique quirks and requirements. That's why our support s fully customizable. Whether you need hands-on training, on-demand tutorials, or “White Glove" Service where someone handles the website updates on your behalf. Our team is equipped to provide the level of support that perfectly matches your needs & budget. Included with any module of Town Web's Digital Governance as a Free Support package: + Managing Emergenices with Payments « Bugs fixes « Critical issues addressing « 2 trainings per year « Access to the online knowledge base STANDARD CUSTOMER SUPPORT The medium package includes: + Everything offered in the “Free” option « Faster response time (4h response time during working hours) « Plus 2 trainings per year (4 in total) PREMIUM CUSTOMER SUPPORT The premium customer support package includes: + Everything in the “Standard"” option) + Access to form templates (Form builder) « Extremely fast response time (2h response time during working hours) « Plus 2 trainings per year (6 in total) « Custom video replies to support tickets ng System Residents and Businesses Citizens and businesses can access HeyGov in multiple ways: « Embedded Website Forms - Forms, licenses, and applications can be directly integrated into municipal websites + HeyGov Portal (https://app.heygov.com) - Residents can log in to submit and track applications and payment + Mobile App - Available on iOS and Android for easy access to municipal service « Email Notifications - Residents receive real-time updates and can reply directly via email, with conversations attached to their request or form By implementing HeyGov, municipalities can provide modern, user-friendly digital services that enhance operational efficiency and improve citizen engagement—bringing municipal governance into the digital age. HeyVille 5§ own . City dashboard [T < a Daily activity [ O otieanse e [Sr ® oo [opmre— . . o rasn © Latest license & permit applications P 006122 Cayor aro- ougerea - Qe p— i sownvs9 st Launcn Srarsaoo e [rr— s oa0 Oogtcense Fry 1 Aot - o062 Caye o - g ierse Sanmoon 1 s Asrets pee— 1 » Bsargremt oaxamn o btaras 3 ey - n © 311 Requests status. Roxa ety Service Order Client Name: City Of Waterloo, WI Billing Contact: Lana Nelson Billing Address: 136 N Monroe Street Phone: (920) 478-3025 City, State, ZIP: Waterloo, Wisconsin, 53594 Email: treasurer@waterloowi.us Prepared by: Peter Stanko Date: Signing date Valid through: May 31, 2026 Term: 3 years Bill date: Signing date Effective date: Signing date Town Web - Your Government Operating System City Of Waterloo, WI Proposed Pricing Description Digital Governance Tools Setup (one-time fee) HeyGov Online Digital Solutions: * Digital Forms with Workflows (up to 10) * Online Reservations + Online Payments Free Customer Tech-Support and Module Maintenance - included! () opt: "HeyLicense" Form Generator Module Storage for up to 50/ 100 forms and licenses, with unlimited submissions. () opt: Standard Customer Support () opt: Premium Customer Support () opt: Utility Billing / Tax Integration Module () opt: Workhorse (other) Integration Module TOTAL 1ST YEAR $1,000 $2,400/year $1,200/year $1,200/year $2,400/year $1,200/year $1,200/year $2,400 $3,400 The End User Licence Agreement (EULA) between the Client and HeyGov, Inc. is incorporated by reference in this Service Order. The person signing below represents that he or she is authorized to sign this Service Order on behalf of the Client and that the Client accepts this Service Order subject to the terms in the EULA: https://heygov.com/end-user-license-agreement The contract s for 3 years, ensuring a fixed annual fee for the full duration of the contract. The total first-year fee will be Invoiced after the proposal is signed and is due 30 days after invoicing. To accept this quote, you can electronically sign it below or sign and fax it to 321-600-9008. Once we have a signed copy, we will email you an invoice, and after its paid, your dedicated Account Manager will contact you to schedule your Onboarding meeting. 2 Town Web - Your Government Operating System Lana Nelson, City Of Waterloo, WI, Town Treasurer