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MINUTES OF THE JOINT REVIEW BOARD March 17, 2025 at 4:30 p.m. Board Room Howard Village Hall CALL TO ORDER B. McIntyre called the meeting to order at 4:30 p.m. ROLL CALL Present: Burt McIntyre, representing the Village of Howard; Michael Juech, representing the Howard-Suamico School District; Adam Pfost, representative from NWTC; Cole Runge, representing Brown County Also present: Director of Administrative Services Chris Haltom, Village Administrator Paul Evert, and Public Information Officer Leigh Ann Wagner Kroening APPOINTMENTS a. B. McIntyre moved to appoint Jeff Narges as the citizen member of the Joint Review Board. M. Juech seconded. The motion carried unanimously. b. C. Runge moved to appoint Burt McIntyre as the chairperson of the Joint Review Board. A. Pfost seconded. The motion carried unanimously. REVIEW THE RESPONSIBILITIES OF THE JOINT REVIEW BOARD Ariana Schmidt, a senior financial specialist for Ehlers, explained that if the Plan Commission and Village Board both approve resolutions establishing the TID, it will be up to the Joint Review Board to ensure the project meets the but/for test. REVIEW AND DISCUSS THE DRAFT PROJECT PLAN Ms. Schmidt provided a presentation explaining how tax incremental financing works. She said the proposed TID is 57 percent blighted, which means it could remain open for 27 years. She reviewed the projected incremental value of the TID and said the focus is on the first phase of the development. The actual dollar figures will completely depend on how and when the developer constructs the buildings because it is a pay-as-you-go TIF. The developer will only be reimbursed if the project continues, and the increment becomes available. The board discussed. Frank Roman, an Economic Development Consultant with Ehlers, who completed the analysis of the developer’s project proforma to recommend the level of TIF assistance, explained the unfavorable development conditions that led to the request for TIF, including the infrastructure improvement costs. SET NEXT MEETING DATE TO CONSIDER APPROVAL OF THE TID The board tentatively scheduled the next meeting for 4:30 p.m. on May 12. Cole Runge said he will be leaving his position with Brown County, so the village should reach out to Brown County Director of Administration Chad Weininger or Brown County Deputy Executive Jeff Flynt to replace him on the JRB. ADJOURN C. Runge moved to adjourn, and M. Juech seconded. The motion carried unanimously, and the board adjourned at 5:13 p.m. Leigh Ann Wagner Kroening Administrative Assistant/PIO