July 28, 2026 Board of Review Agenda & Packet

CITY OF VERONA 111 Lincoln Street Verona, WI 53593 (608) 845-6495 veronawi.gov BOARD OF REVIEW DATE: TUESDAY, JULY 28, 2026 TIME: 6:00 PM LOCATION: COUNCIL CHAMBERS CITY HALL 111 LINCOLN ST. VERONA, WI 53593 1. Call to Order 2. Roll Call 3. Approval of the minutes from the May 29, 2025 and June 8, 2026 Board of Review Meetings 4. Confirmation of Open Book and Board of Review notices a. Open Book and Board of Review Notices published June 11, 2026 (48-hour notice requirement notice) b. Notice of Adjourned Meeting published June 18, 2026 5. Board of Review Training Verification 6. Verification that the City has an ordinance for the confidentiality of income and expense information provided to the Assessor under state law (Wis. Stat. 70.47(7)(af)) 7. Receipt of the assessment roll and Assessor’s Affidavit by the Clerk from the Assessor 8. Verification of Open Book changes 9. Review the assessment roll 10. Allow taxpayers to examine assessment roll 11. OBJECTION HEARINGS a. Consideration of objection to 2026 Real Estate Tax Assessment from FRED-Verona HC, LLC for property located at 440 Hunters Cove Way, Tax Parcel ID # 0608-102-2023-2 b. Consideration of objection to 2026 Real Estate Tax Assessment from FRED-Verona HC, LLC for property located at 433 Hunters Cove Way, Tax Parcel ID #0608-102-2034-2 c. Consideration of objection to 2026 Real Estate Tax Assessment from FRED-Verona HC, LLC for property located at 577 Harvest Moon Trail, Tax Parcel ID #0608-102-2078-2 d. Consideration of objection to 2026 Real Estate Tax Assessment from Walgreen Co. for property located at 104 North Main Street, Tax Parcel ID #0608-156-1917-2 12. Consideration of objections received after the 48-hour notice of intent requirement a. Objection to 2026 Real Estate Tax Assessment from Roberts Living Trust for property located at 562 East View Road, Tax Parcel ID #0608-221-6276-1 13. Adjournment Luke Diaz, Mayor POSTED: July 27, 2026 Verona City Hall 1 Verona Public Library Miller’s Market All agendas are posted on the City website at: veronawi.gov Notice: If you need an interpreter, materials in alternative formats, or other accommodation to access the meeting, please contact the City Clerk at (608) 845-6495 at least 48 hours preceding the meeting. Every reasonable effort will be made to accommodate your request. Notice is hereby given that a quorum of the members of the City Council or other standing committees of the City Council may be present at the meeting of the Board of Review to gather information about a subject over which they have decision-making responsibility. The City Council and any other standing committees will not take formal action at this meeting. 2 CITY OF VERONA BOARD OF REVIEW MINUTES May 29, 2025 Council Chambers 1. Call to Order: Mayor Diaz called the meeting to order at 6:01 p.m. 2. Roll Call: Mara Helmke, Chris Weiss, Beth Tucker Long, Holly Licht, Luke Diaz, Brandon Braithwaite, Lachlann Swanson, Phil Hoechst and Spencer Harrison were present. Patrick Lytle was absent and excused. Also present: City Assessor Dean Peters. 3. Approval of minutes from the August 8, 2024 Board of Review Meeting Motion by Harrison, seconded by Helmke to approve the minutes from the August 8, 2024 Board of Review Meeting. Motion carried 9-0. 4. Confirmation of Open Book and Board of Review notices Clerk Licht confirmed that the Open Book and Board of Review notices were published and posted in accordance with state statutes. 5. Select a Chairperson for Board of Review Diaz was nominated by Helmke. No other nominations. Motion by Helmke, seconded by Hoechst to appoint Mayor Diaz as the Chairperson of the Board of Review. Motion carried 9-0. 6. Verify who is current on their Board of Review Training Clerk Licht stated that she had completed the Board of Review training along with Alderperson Weiss. The affidavit has been filed with the Department of Revenue. 7. Verification that the City has an ordinance for the confidentiality of income and expense information provided to the Assessor under state law (Wis. Stat. 70.47(7)(af)) Clerk Licht noted the City does have an ordinance and it is included in the packet materials. 3 8. Receipt of the assessment roll and Assessor’s Affidavit by the Clerk from the Assessor Clerk Licht stated that she had received the assessment roll and the signed assessor’s affidavit. Assessor Dean Peters provided an update. He stated that the assessment roll is complete and in the Clerk’s possession. He stated that 2025 was a maintenance year. Peters stated that the city added approximately $210 million in new construction 9. Verification of Open Book changes Dean Peters stated there were a few Open Book changes, and they have been updated in the assessment roll. 10. Review the assessment roll Clerk Licht noted that the assessment roll was available for review. 11. Allow taxpayers to examine assessment roll There were no taxpayers, but the assessment roll remained available for viewing. 12. OBJECTION HEARINGS a. Consideration of objection to 2025 Real Estate Tax Assessment from NS Retail Holdings, LLC for property located at 660 Hometown Circle, Tax Parcel ID # 0608-142-9410-2 Mayor Diaz explained the process for the hearing. Clerk Licht introduced the case for hearing. Clerk Licht swore in the agent for the objector, Jaycee Yeadon, 9229 Delegates Row, Suite 375, Indianapolis, IN 46240 and the assessor, Dean Peters, W6237 Newbert Rd. Appleton, WI 54914. Assessor Peters stated that the assessment level for 2025 is 93.5%. The objector began presenting evidence and giving testimony at 6:17 p.m. Yeadon stated that the property in question is Festival Foods with a square 4 footage of 67,309 and built in 2019. The current assessment is $13,391,200 or around $199 per square foot. Yeadon stated that she has 5 comparable recent sales within Wisconsin and applied a location adjustment to account for that. The sale comparables range from $49.70-$118.54 per square foot after adjustments for market conditions, size, year built, location, and land- to-building ratio adjustment. The average of comparables is $87.45 and the median is $102.57 per square foot. Diaz asked why Yeadon did not do any comparables with Dane County grocery stores. Yeadon stated there were no recent sales in the area. Helmke asked if the objector paid taxes on the property in 2024 with a very similar assessment. Yeadon stated that the owner did pay taxes in 2024. She stated that they were unable to object last year, but believed the assessment was excessive then. Tucker Long asked if any of the properties Yeadon presented were new builds. Yeadon replied no, the newest building was built in 2012. Weiss asked where the numbers for the year-built adjustment came from. Yeadon stated they applied a .5% depreciation per year. Weiss asked how the .5% was determined. Yeadon stated that appraisers use .5% in standard practice. Weiss asked if the recent sales demonstrate the correct real estate market because if you sell a large retail store, the market in the area is probably not great. Yeadon stated that the market conditions are looking at when the property was sold, not necessarily the location. Hoechst stated that the property was purchased in 2023 for $17 million and the assessment is significantly lower than the purchase price. He asked why they are objecting to the purchase price. Yeadon stated that they didn’t necessarily think that the property was not over assessed, but she was not working with the property owners at the time. She added that the acquisition in 2023 was a sale-leaseback and not market sale. Helmke asked if the objector considered any properties in Dane county that were similar size. Yeadon stated that she looked at the entire state and she only picked retail properties that were similar sized. Tucker Long stated that the assessment hasn’t changed much since 2019 when the building was built, so why have they not contested it in 5 years? 5 Yeadon stated she is the agent, and she wasn’t engaged with the property owner until this year. Braithwaite asked if the objector compared other Festival Foods assessments. Yeadon stated $189 per square foot is on the higher range of the Festival Food locations that she has seen. The assessor was given the opportunity to ask questions of the objector. Peters asked where the objector got their square footage of the building from as his records indicate the building is larger. Yeadon stated she believes the numbers came from Festival Foods. Peters asked which properties that were presented were vacant at the time of sale. Yeadon stated that she believed all the properties were vacant at the time of sale. Peters asked if any of the sales were under lease at the time of sale. Yeadon stated that they were not. The assessor began presenting evidence and giving testimony at 6:38 p.m. Peters stated that the current assessment is $13,391,200. He presented the measurements that were given in the plans before construction and then corroborated during fieldwork. He stated that the first floor has 69,235 square feet plus a 2nd floor upper mezzanine with 7,525 square feet of office space for a total of 76,760 square feet. There are around 3.3 acres of paved parking lot. Peters stated if you take the total assessed value divided by the square footage, it equals $174.47 per square foot. Assessor Peters stated that the building is owned by NS Retail Holdings, not Festival Foods. Festival Foods built the building in 2019 and sold it in October 2023 on a sale-leaseback for around $17.1 million. He stated that since the buyer/seller have a relationship going into the sale, it is not an arm’s length sale. He added because the property is under a triple net lease, things like consumer spending are not relevant to the assessment. He stated that any potential buy would be an investment company, not a grocery store since festival is occupying the building via a long-term lease. Peters explained capitalization rates. He stated that the capitalization rate for this property is 7%. Peters stated that using the income approach, he applied a $14 per square foot rental price. Multiplying $14 by the square footage equals $1,132,210 for potential gross rent. He stated that he subtracted 3% for potential vacancy and collection loss allowance which is industry standard. He added that he took off another 8% for the owners’ operating expenses which resulted in a net income of a little over $1 million. He then multiplied the capitalization rate of 7% which results in a value indication of $14,434,000 which is higher than the current assessed value. He used this 6 method because this is how this property would sell because it is currently under lease. Peters also presented comparable sales. He stated that the objectors’ sales were not comparable because they were vacant at the time of sale. Peters stated that it is appropriate to look at sales throughout Wisconsin. His first comparable was Pick ‘n Save in Shorewood Hills. He added that it was smaller than the subject property. It was sold in 2023 for a price that is equal to $246 per square foot. Peters presented another Pick ‘n Save that was a leased sale in Mukwonago. It was sold in June 2024 for a price of $187.50 per square foot. He presented a Festival Foods in Menasha. It sold in 2021 for $18.4 million. His final comparable was Festival Foods in Sheboygan sold in 2021 for $12.1 million. The objector was given an opportunity to ask the assessor questions. Yeadon asked if the Festival Foods comparables were sale-leasebacks. Peters stated he wasn’t able to confirm if the Menasha sale was a sale-leaseback, but the Sheboygan sale was not. Diaz asked why the EV charger was not included as a value item. Peters stated that he didn’t itemize every item into the assessment. Diaz stated that he’s heard 2 different figures for square footage. He asked how we reconcile that as both cannot be correct. Dean stated that his numbers come from building plans that the city has on file. Yeadon clarified that she only looked at vacant building sales because she was looking for the value of the real estate, not the business and the real estate. Peters stated that there was a sale of this property for $17 million. He stated that it is not assessed at the sale price because of the sale leaseback. He used the income approach and looked at market capitalization rates to determine the assessment. He stated he was only looking at the income generated by real estate rental rather than the business activity. He added that the Department of Revenue advises not comparing this type of sale with vacant sales. Yeadon stated that she presented 5 properties that are all similar to the property in question and she is requesting an assessment value at $8,777,080 which is $120 per square foot. 7 Peters stated that this is a leaseback property under a triple net lease. He stated that he presented similar properties including 2 Pick ‘n Save stores and 2 Festival Foods. He believes his assessment is fair. The hearing ended at 7:10 p.m. Deliberations began. Weiss stated that he didn’t believe the evidence submitted by the objector does not prove that the assessment was incorrect. Motion by Tucker Long, seconded by Harrison to exercise the Board of Review’s judgement and discretion, pursuant to Wis. Stat/ 70.47 (9)(a), by a majority and roll call vote hereby determine that the Assessor’s valuation is correct. Motion carried on roll call vote 9-0. Clerk Licht gave the determination form to the objector. b. Consideration of objection to 2025 Real Estate Tax Assessment from Azura Verona, LLC for property located at 285 Wildcat Way, Tax Parcel ID # 0608- 211-8660-2 Clerk Licht noted that the agent for this property withdrew their objection. The Board of Review recessed at 7:14 p.m. The Board of Review resumed at 7:58 p.m. 13. Adjournment: Motion by Hoechst, seconded Helmke to adjourn at 8:01 p.m. Motion carried 9-0. Respectfully submitted, Holly Licht, City Clerk 8 CITY OF VERONA BOARD OF REVIEW MINUTES June 8, 2026 Council Chambers 1. Call to Order: Mayor Diaz called the meeting to order at 6:47 p.m. 2. Roll Call: Mara Helmke, Chris Weiss, Patrick Lytle, Beth Tucker Long, Holly Licht, Luke Diaz, Alejandro Hernandez (via Zoom), Lachlann Swanson, Phil Hoechst and Spencer Harrison. Assessor Dean Peters was present via Zoom. 3. Select Chair for Board of Review: Motion by Helmke, seconded by Hoechst to appoint Mayor Diaz as chair of the Board of Review. Motion carried 10-0. 4. Board of Review Training Verification: Clerk Licht noted that she and Alderperson Hernandez completed the 2026 training and the affidavit has been filed with the Department of Revenue. 5. Assessment Roll Update: Dean Peters stated that he is completing a market update this year. Assessment letters will go out in a few weeks. He is estimating that there will be a 12% increase for residential properties and 11% increase for commercial properties. 6. Adjourn until July 28, 2026: Motion by Swanson, seconded by Helmke to adjourn until July 28, 2026. Motion carried 10-0 Respectfully submitted, Holly Licht, City Clerk 9 NOTICE ASSESSMENT ROLL IS OPEN FOR EXAMINATION AND OPEN BOOK CITY OF VERONA, DANE COUNTY Pursuant to Wis. Stat. § 70.45, the assessment roll for the Year 2026 assessment will be open for examination starting on the 8th day of July 2026 at Verona City Hall, 111 Lincoln St., Verona M- Th 7:00 a.m.-4:30 p.m. and Friday 7:00 a.m.-11:00 a.m. A link to the preliminary assessment roll will also be provided on the City’s website: https://ci.verona.wi.us/135/Assessor. It is recommended that property owners discuss their assessments with the Assessor PRIOR to making an appointment to appear before the Board of Review. You may contact the Assessor, Associated Appraisal Consultants, Inc. at 920-749-1995 to schedule an appointment. Open Book will be held on the following dates and times: Wednesday, July 15, 2026 (9:00 a.m.-4:00 p.m.) By Phone Only (Please make an appointment in advance by calling 920-749-1995) Thursday, July 16, 2026 (12:00 p.m.-4:00 p.m.) In-Person at City Hall-111 Lincoln St., Verona, WI 53593 (Please make an appointment in advance by calling 920-749-1995) Instructional material will be provided at the open book to persons who wish to object to valuations under Wis. Stat. § 70.47. Additionally, instructional materials are available on the City’s Website https://ci.verona.wi.us/135/Assessor and can also be made available by contacting the City Clerk at 608-848-9947 or hlicht@veronawi.gov. NOTICE OF THE BOARD OF REVIEW TWO-HOUR MEETING CITY OF VERONA, DANE COUNTY NOTICE IS HEREBY GIVEN that the 202 6 Board of Review for the City of Verona, Dane County, Wisconsin shall hold a meeting on Tuesday, July 28, 2026, from 6:00 p.m. to adjournment at Verona City Hall, 111 Lincoln St., Verona, WI 53593. Please be advised of the following requirements to appear before the Board of Review and procedural requirements if appearing before the Board of Review: 1. After the first meeting of the Board of Review and before the Board of Review’s final adjournment, no person who is scheduled to appear before the Board of Review may contact or provide information to a member of the Board of Review about the person’s objection, except at a session of the Board of Review. Open book shall occur no less than 7 days prior to the Board of Review. 2. The Board of Review may not hear an objection to the amount or valuation of property unless, at least 48 hours before the Board of Review’s first scheduled meeting, the objector provides to the Board of Review Clerk written or oral notice of an intent to file an objection, the Board of Review shall waive that requirement during the first 2 hours of the Board of Review’s first scheduled meeting, and the Board of Review may waive that requirement up to the end of the 5 th day of the session, or up to the end of the final day of the session if the session is less than 5 days, with proof of extraordinary circumstances for failure to meet the 48-hour notice requirement and failure to appear before the Board of Review during the first 2 hours of the first scheduled meeting. 10 3. Objections to the amount or valuation of property shall first be made in writing and filed with the Board of Review Clerk within the first 2 hours of the Board of Review’s first scheduled meeting, except that, upon evidence of extraordinary circumstances, the Board of Review may waive the requirement up to the end of the 5th day of the session, or up to the end of the final day of the session if the session is less than 5 days. The Board of Review may require objections to the amount or valuation of proper ty to be submitted on forms approved by the Wisconsin Department of Revenue, and the Board of Review shall require that any forms include stated valuations of the property in question. Persons who own land and improvements to that land may object to the aggregate valuation of that land and improvements to that land, but no person who owns land and improvements to that land may object to only the valuation of that land or only to the valuation of improvements to that land. No person may be allowed in any action or proceedings to question the amount or valuation of property unless the written objection has been filed and that person in good faith presented evidence to the Board of Review in support of the objections and made full disclosure before the Board of Review, under oath, of all of that person’s property liable to assessment in the district and the value of that property. The requirement that objections be in writing may be waived by express action of the Board. 4. When appearing before the Board of Review, the objecting person shall specify in writing the person’s estimate of the value of the land and of the improvements that are the subject of the person’s objection and specify the information used to arrive at tha t estimate. 5. No person may appear before the Board of Review, testify to the Board of Review by telephone, or object to a valuation if that valuation was made by the assessor or the objector using the income method of valuation, unless the person supplies the assessor with all the information about income and expenses that the assessor requests, as specified in the Assessor’s Manual under Wis. Stat. §73.03(2a). The City of Verona has an ordinance for the confidentiality of information about income and expenses that is provided to the assessor under this paragraph that provides exceptions for persons using information in the discharge of duties imposed by law or the duties of their officer or by order of a court. The information that is provided in this paragraph, unless a court determines that it is inaccurate, is not subject to the right of inspection and copying under Wis. Stat. §19.35(1). 6. The Board of Review shall hear upon oath, by telephone, or ill or disabled persons who present to the Board of Review a letter from a physician, surgeon or osteopath that confirms their illness or disability. No other persons may testify by telephone unle ss the Board of Review, in its discretion, has determined to grant a property owner’s or their representative’s request to testify under oath by telephone or written statement. 7. No person may appear before the Board of Review, testify to the Board of Review by telephone or contest the amount of any assessment unless, at least 48 hours before the first meeting of the Board of Review, or at least 48 hours before the objection is heard if the objection is allowed under Wis. Stat. §70.47(3)(a), that person provides notice to the Board of Review Clerk as to whether the person will ask for the removal of a member of the Board of Review and, if so, which member, and provides a reasonable estimate of the length of time the hearing will take. Notice is hereby given this 11th Day of June 2026 by: Holly Licht, City Clerk City of Verona Posted and published this 11th day of June 2026. 11 City of Verona 111 Lincoln Street Verona, WI 53593-1520 BOARD OF REVIEW NOTICE OF ADJOURNED MEETING CITY OF VERONA, DANE COUNTY, WISCONSIN The Board of Review, having met on the 8thday of June 2026 at 6:45 p.m. for the purpose of calling the Board of Review into session during the 45 day period beginning on the 4th Monday of April, pursuant to Wis. Stat. §70.47(1), is hereby providing notice, as allowed under Wis. Stats. §70.47(3)(aL)(2), that the board will be adjourned until July 28, 2026 at 6:00 p.m. due to the assessment roll not being complete. Additional notice of the reconvened board of review, as required under Wis. Stat. §70.47(2), will be provided in advance of the meeting. Holly Licht, City Clerk POST UNTIL JULY 28, 2026. 12 Board of Review Member Training Affidavit This affidavit confirms that one or more Board of Review (BOR) voting members attended training before the BOR met, satisfying state law (sec. 70.46(4), Wis. Stats.). STATE OF WISCONSIN County of Co-muni code I, , the clerk for the , swear the following BOR voting member(s), who represent(s) the municipality's chief executive officer or the officer's designee(s), attended a Wisconsin Department of Revenue approved BOR training program before the BOR's first meeting. (sec. 70.46 (4), Wis. Stats.) BOR member(s) and attendance date: DANE 13286 Holly Licht CITY OF VERONA Name Date HOLLY LICHT 04/30/2026 Name Date ALEJANDRO HERNANDEZ 05/22/2026 Date electronically filed Clerk email 05-26-2026 09:40 AM hlicht@veronawi.gov PA-107 (R. 02-26) Wisconsin Department of Revenue 13 Board of Review Member Training Affidavit Preparer Information Name Email Title Phone Under penalties of law, I declare this form and all attachments are true, correct and complete to the best of my knowledge and belief. Do you agree with the statement above? YES NO Signature Statement Submission Information You successfully submitted your report. Print a copy for your records. Comuni code: Submission date: Confirmation: Submission type: Holly Licht 608-848-9947 Clerk hlicht@veronawi.gov X 13286 05-26-2026 09:40 AM PA10720260395O1779806439448 ORIGINAL PA-107 (R. 02-26) Wisconsin Department of Revenue 14 Sec. 2-4-1 - Board of Review. (a) Composition. There shall be a Board of Review for the City of Verona which shall consist of the Mayor, City Clerk and eight (8) Aldermen. (b) Compensation. The members of the Board of Review may receive a salary as determined by resolution of the Common Council for each day or fraction thereof, that the Board is in session for the purpose of hearing and considering testimony or in meeting their report and determination. (c) Objections to Valuations to Be Written. No person shall be permitted to appear and make objection before the Board to the amount of valuation of any property unless objection thereto shall first have been made in writing and filed with the Clerk of the Board prior to the adjournment of public hearing by the Board. (d) Duties. The duties and functions of the Board of Review shall be as prescribed in Sections 70.46 and 70.47, Wis. Stats. (e) Board's Duty. The Board shall carefully examine the assessment roll and correct all apparent errors in description or computation. It shall add all omitted property but shall not raise or lower the assessment of any property except after hearing, as provided by the Statutes. (f) Confidentiality. Whenever the Assessor, in the performance of the Assessor's duties, requests or obtains income and expense information pursuant to Sec. 70.47(7)(af), Wis. Stats., or any successor statute thereto, then, such income and expense information that is provided to the Assessor shall be held by the Assessor on a confidential basis, except, however, that said information may be revealed to and used by persons in the discharging of duties imposed by law; in the discharge of duties imposed by office (including, but not limited to, use by the Assessor in performance of official duties of the Assessor's office and use by the Board of Review in performance of its official duties); or pursuant to order of a court. Income and expense information provided to the Assessor under Sec. 70.47(7)(af), Wis. Stats., unless a court determines that it is inaccurate, is, per Sec. 70.47(7)(af), Wis. Stats., not subject to the right of inspection and copying under Sec. 19.35(1), Wis. Stats. State Law reference— Sections 70.46 and 70.47, Wis. Stats. 15 Board of Review Hearing Chair's Duties & Script 1. Walk through items 1-10 on the agenda. Once you get to items 10 and beyond, follow steps 2-9 below for each objection. 2. Ask the Clerk to introduce the case for hearing. 3. Ask the Clerk to swear in all witnesses (each individual should state their name and address on the record). 4. Briefly outline the hearing procedures:  The person filing the objection will testify and present evidence first • The Assessor may then ask the Property Owner/Objector questions • BOR members may ask any additional questions they have for the Property Owner/Objector  Any other witnesses present in support of the Property Owner/Objector will testify • Assessor and the BOR members my ask questions of the witnesses  Assessor will present his/her case in support of the assessment. • The Property Owner/Objector may then ask the Assessor questions • BOR members may ask any additional questions they have for the Assessor  Any other witnesses present in support of the Assessor will testify. • The Property Owner/Objector and the BOR members my ask questions of the witnesses.  The Property Owner/Objector may respond to the Assessor's testimony by presenting any other evidence • BOR members may ask any additional questions they have for the Property Owner/Objector  The Assessor may then present any other evidence in support of the assessment • The Property Owner/Objector and the BOR members my ask questions  After all evidence has been submitted under oath, the Property Owner/Objector may make a brief summary of his/her case to the BOR.  The Assessor may follow with a brief summary of his case.  After each summary has been presented the taking of testimony will be closed. The BOR will deliberate on the testimony in open session, either immediately following the testimony or at a later date to be announced. 16 Board of Review Hearing Chair's Duties & Script (continued) 5. Make the following statement to the Property Owner/Objector before taking their testimony: The Board of Review wants you to understand that, under state law, the Board of Review is required to uphold the Assessor's valuation of your property as being correct, unless you by your testimony can show the Assessor's valuation to be incorrect. In other words, the burden of proof is upon you as the taxpayer. Do you understand? 6. Begin the hearing by asking the Property Owner/Objector the following: For the record, please state your full name and address. Please state what amount, in your opinion, is the fair market value of your property. 7. Conduct the hearing following the format described in #4, above. 8. After all evidence has been presented and both the Property Owner/Objector and Assessor have made their final case summaries, state the following on the record: I am now closing the testimony in this case. I will now open up deliberations in this case by asking the Board of Review members to state, based upon the sworn testimony presented, whether the Assessor's valuation of the property is correct or incorrect. 9. BOR's deliberates and makes one of the motions below: I make a motion to exercise the Board of Review’s judgment and discretion, pursuant to Wis. Stat. §70.47(9)(a), by majority and roll call vote hereby determine • that the Assessor's valuation is correct • that the Assessor's valuation is incorrect; and hereby sets the new assessment at Land: ___________________________ Improvements: ___________________ Total: ___________________________  to approve the requested waiver of Board of Review 17 Reinhart Boerner Van Deuren s.c. 22 East Mifflin Street, Suite 700 Madison, WI 53703 Telephone: 608.229.2200 Facsimile: 608.229.2100 reinhartlaw.com MILWAUKEE · MADISON · WAUKESHA · WAUSAU · CHICAGO · ROCKFORD · MINNEAPOLIS · DENVER · PHOENIX Don M. Millis Direct Dial: 608-229-2234 dmillis@reinhartlaw.com July 22, 2026 SENT BY EMAIL (hlicht@veronawi.gov) Holly Licht, Clerk City of Verona 111 Lincoln Street Verona, WI 53593 Dear Clerk: Re: FRED-Verona HC, LLC Pursuant to Wis. Stat. § 70.47(7)(a) this letter constitutes a notice of intent to object filed on behalf of FRED-Verona HC, LLC to the 2026 property tax assessments for the following properties: Address Parcel 440 Hunters Cove Way 0608-102-2023-2 433 Hunters Cove Way 0608-102-2034-2 577 Harvest Moon Trail 0608-102-2078-2 Also enclosed is an agent authorization form. Your attention is drawn to Wis. Stat. § 70.47(7)(a) which provides that a taxpayer may appear before the Board of Review provided the taxpayer has given notice of intent to object at least 48 hours prior to the initial meeting of the Board of Review. This section also provides that an objection form need not be filed until the first two hours of the initial meeting. There is no requirement to file an objection form 48 hours in advance of the initial meeting. Please provide 48 hours’ notice of time, date and place of the Board of Review hearing on the objection in the above - referenced matter. 18 Clerk July 22, 2026 Page 2 Additionally, we request that you provide any policies and procedures that will be proposed to the Board of Review, or that have been adopted by the Board of Review. Sincerely, Don M. Millis 62001193v1 Enc. 19 20 21 Reinhart Boerner Van Deuren s.c. 22 East Mifflin Street, Suite 700 Madison, WI 53703 Telephone: 608.229.2200 Facsimile: 608.229.2100 reinhartlaw.com MILWAUKEE · MADISON · WAUKESHA · WAUSAU · CHICAGO · ROCKFORD · MINNEAPOLIS · DENVER · PHOENIX Don M. Millis Direct Dial: 608-229-2234 dmillis@reinhartlaw.com July 22, 2026 SENT BY EMAIL (hlicht@veronawi.gov) Holly Licht, Clerk City of Verona 111 Lincoln Street Verona, WI 53593 Dear Clerk: Re: 104 North Main Street Parcel No. 0608-153-1917-2 Pursuant to Wis. Stat. § 70.47(7)(a) this letter constitutes a notice of intent to object filed on behalf of Walgreen Co. to the 2026 property tax assessment for the above-referenced property. Also enclosed is an agent authorization form. Your attention is drawn to Wis. Stat. § 70.47(7)(a) which provides that a taxpayer may appear before the Board of Review provided the taxpayer has given notice of intent to object at least 48 hours prior to the initial meeting of the Board of Review. This section also provides that an objection form need not be filed until the first two hours of the initial meeting. There is no requirement to file an objection form 48 hours in advance of the initial meeting. Please provide 48 hours’ notice of time, date and place of the Board of Review hearing on the objection in the above - referenced matter. Additionally, we request that you provide any policies and procedures that will be proposed to the Board of Review, or that have been adopted by the Board of Review. Sincerely, Don M. Millis 62001103v1 Enc. 22 23 24 25 26 27 28 From: Bruce Roberts To: Holly Licht Subject: Written Notice of Intent to Object assessment Date: Monday, July 27, 2026 10:20:01 AM In WI the BOR has the authority to accept an Objection which is after the 48 hour deadline if a person can show good cause. I met with Mr. Peters on Thursday July 16, 2026. We exchanged information. He indicated he would give me his opinion by Friday or at least by Monday, which was July 20. I did not receive any information from him on Friday or Monday. Neither did I receive any information Tuesday, Wednesday, or Thursday. I then initiated a call to Mr. Peters since I was concerned he might be off on Friday. He returned my call and indicated that he was busy and had not gotten to it yet. I indicated I needed this information. As a result he did send me an Amended Assessment. I signed it and returned it to him. Had I not initiated the call to him on Thursday I believe I would not have received the Amended Assessment. This information can be verified through Mr. Peters. I had to review the Amended Assesment and decide to object or not. I decided to object and went to the City Clerks office on Friday morning July 24 at 11:30 am. I found the Office closed not realizing they close at 11: 00 on Fridays. At about 8:15 Monday morning I went to see the Clerk and give my intent to object. Had I received the Amended Assessment from Mr. Peters earlier as he had indicated I would have had plenty of time to submit the objection on time. WI statues allow the BOR to accept a late Notice of Intent to Object if a person has shown good cause. I believe I have done that. Respectfully submitted, Bruce A. Roberts 29