Joint Review Board Meeting — Agenda Packet

Administrative Offices Municipal Building - 138 East Main Street Mount Horeb, Wisconsin 53572 608.437.6884 | mounthorebwi.info Joint Review Board Meeting Agenda Wednesday, September 16, 2026 at 8:45 AM *VIRTUAL ONLY 1) VIRTUAL LINK a. Join the meeting now • Meeting ID: 244 876 430 148 834 • Passcode: MC79q2Kk 2) Call to order a. Roll Call 3) Action Items a. Consideration of May 19, 2026 Joint Review Board Meeting minutes. b. Review Annual PE-300 Report and the performance and status of 1. Tax Incremental District No. 3 2. Tax Incremental District No. 5 c. Approve Resolution 2026-15 Acknowledging Filing of Annual Reports and Compliance with Annual Meeting Requirement 4) Adjournment *Public Comment Policy Members of the public are invited to speak at meetings of all Mount Horeb Public Bodies. To comment, please complete a Public Comment Form at the Meeting Room entrance and submit it to staff before the meeting begins. Comments are limited to three minutes, must be made from the podium, and the speaker must return to the audience after speaking. • Non-agenda item comments are heard at the start of the meeting. Public Body members and staff will not engage in discussion during public comment but may consider topics for future agendas. • Agenda item comments are heard during the relevant item, after the proposers or staff present the item and before Public Body discussion. All public comments on the item will be heard before any discussion by the Public Body. Members of the public will only be allowed to speak outside these public comment times if they are invited by the meeting chair to share additional information requested by the Public Body. If so invited to speak, the member of the public must do so from the podium. Written comments are also welcome. Written comments shall include the name and address of the submitter and should be submitted to the Deputy Treasurer/Governance Coordinator by email at niki.erickson@mounthorebwi.info (subject line: Public Comment Request-Name of Public Body) or delivered by to the Village at: 138 E Main Street, Mount Horeb WI, 53572, ATTN Public Comment Request-Name of Public Body. Page 1 of 13 UPON REASONABLE NOTICE, EFFORTS WILL BE MADE TO ACCOMMODATE THE NEEDS OF DISABLED INDIVIDUALS THROUGH APPROPRIATE AIDS AND SERVICES. FOR INFORMATION OR TO REQUEST THIS SERVICE, CONTACT ALYSSA GAFFNEY, CLERK, AT 138 E MAIN STREET, MOUNT HOREB, WI (608) 437-9404. Page 2 of 13 Page 3 of 13 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 1 – Municipality and TID Co-muni code Municipality County Due date Report type TID number TID type TID name Creation date Mandatory termination date Anticipated termination date Section 2 – Beginning Balance Amount TID fund balance at beginning of year 13157 MOUNT HOREB DANE 07/01/2026 ORIGINAL 003 4 TID #3 03/24/2004 03/24/2027 N/A $-237,562 Section 3 – Revenue Amount Tax increment Investment income Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID $981,287 $6,044 $0 $0 $43,255 $0 TID number $0 Developer guarantees Developer name $0 Transfer from other funds Source TRANSFER FROM GENERAL FUND $55,620 Grants Source $0 Other revenue Source $0 Total Revenue (deposits) $1,086,206 Page of 1 4 Page 4 of 13 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 4 – Expenditures Amount Capital expenditures Administration Professional services Interest and fiscal charges DOR fees Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID $0 $2,500 $1,600 $69,220 $0 $0 $0 $854,000 $0 $0 TID number $0 Developer grants Developer name N/A $0 Transfer to other funds Fund $0 Other expenditures Name $0 Total Expenditures $927,320 Section 5 – Ending Balance Amount TID fund balance at end of year Future costs Future revenue Surplus or deficit $-78,676 $0 $0 $-78,676 Page of 2 4 Page 5 of 13 WI Dept of Revenue TID Annual Report Form PE-300 2025 Current Year TID New Construction Values TID TID New Construction Increase TID New Construction Decrease Prior Year Correction TID Net New Construction (NNC) Section 6 – TID New Construction 003 $4,612,400 $0 $3,647,900 $8,260,300 005 $0 $-4,900 $33,600 $28,700 Total $4,612,400 $-4,900 $3,681,500 $8,289,000 Current Year Allowable Levy Increase Attributable to TID NNC TID TID Net New Construction Prior Year Municipal Equalized Value TID Net New Construction % Prior Year Adjusted Actual Levy Allowable Levy Increase Attributable to TID Net New Construction 003 $8,260,300 $1,267,869,500 0.65 $4,015,322 $26,100 005 $28,700 $1,267,869,500 0.00 $4,015,322 $0 Total $8,289,000 $1,267,869,500 0.65 $4,015,322 $26,100 Current Year Actual TID NNC Impact to Municipal Levy Levy Increase Attributable to TID Net New Construction Increase per $100,000 $26,100 $0.26100 Historical Allowable Levy Increase Attributable to TID NNC Year TID TID Net New Construction TID Net New Construction % Allowable Levy Increase Attributable to TID Net New Construction Prior Year Adjusted Actual Levy Prior Year Municipal Equalized Value 2024 003 $2,395,100 $1,179,583,900 0.20 $3,908,923 $7,818 2024 005 $-66,300 $1,179,583,900 -0.01 $3,908,923 $-391 2024 Total $2,328,800 $1,179,583,900 0.19 $3,908,923 $7,427 2023 003 $2,500,000 $1,021,582,400 0.24 $3,871,035 $9,290 2023 005 $0 $1,021,582,400 0.00 $3,871,035 $0 2023 Total $2,500,000 $1,021,582,400 0.24 $3,871,035 $9,290 Page of 3 4 Page 6 of 13 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 7 – Preparer/Contact Information Preparer name Preparer title Preparer email Preparer phone Contact name Contact title Contact email Contact phone Denise Schwenn Treasurer (608) 437-9408denise.schwenn@mounthorebwi.info Denise Schwenn Treasurer (608) 437-9408denise.schwenn@mounthorebwi.info Submission Information Co-muni code TID number Submission date Confirmation Submission type 13157 003 06-01-2026 10:13 AM TIDAR20250384O1780325254729 ORIGINAL Page of 4 4 Page 7 of 13 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 1 – Municipality and TID Co-muni code Municipality County Due date Report type TID number TID type TID name Creation date Mandatory termination date Anticipated termination date Section 2 – Beginning Balance Amount TID fund balance at beginning of year 13157 MOUNT HOREB DANE 07/01/2026 ORIGINAL 005 3 TID #5 08/10/2016 08/10/2043 N/A $522,740 Section 3 – Revenue Amount Tax increment Investment income Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID $775,669 $51,147 $0 $0 $40,199 $0 TID number $0 Developer guarantees Developer name $0 Transfer from other funds Source $0 Grants Source $0 Other revenue Source $0 Total Revenue (deposits) $867,015 Page of 1 4 Page 8 of 13 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 4 – Expenditures Amount Capital expenditures Administration Professional services Interest and fiscal charges DOR fees Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID $58,352 $2,500 $2,416 $140,818 $0 $0 $0 $170,000 $0 $0 TID number Developer grants Developer name HOFF MALL $40,071 Developer name TRI HOLDINGS $38,937 Transfer to other funds Fund $0 Other expenditures Name $0 Total Expenditures $453,094 Section 5 – Ending Balance Amount TID fund balance at end of year Future costs Future revenue Surplus or deficit $936,661 $0 $0 $936,661 Page of 2 4 Page 9 of 13 WI Dept of Revenue TID Annual Report Form PE-300 2025 Current Year TID New Construction Values TID TID New Construction Increase TID New Construction Decrease Prior Year Correction TID Net New Construction (NNC) Section 6 – TID New Construction 003 $4,612,400 $0 $3,647,900 $8,260,300 005 $0 $-4,900 $33,600 $28,700 Total $4,612,400 $-4,900 $3,681,500 $8,289,000 Current Year Allowable Levy Increase Attributable to TID NNC TID TID Net New Construction Prior Year Municipal Equalized Value TID Net New Construction % Prior Year Adjusted Actual Levy Allowable Levy Increase Attributable to TID Net New Construction 003 $8,260,300 $1,267,869,500 0.65 $4,015,322 $26,100 005 $28,700 $1,267,869,500 0.00 $4,015,322 $0 Total $8,289,000 $1,267,869,500 0.65 $4,015,322 $26,100 Current Year Actual TID NNC Impact to Municipal Levy Levy Increase Attributable to TID Net New Construction Increase per $100,000 $26,100 $0.26100 Historical Allowable Levy Increase Attributable to TID NNC Year TID TID Net New Construction TID Net New Construction % Allowable Levy Increase Attributable to TID Net New Construction Prior Year Adjusted Actual Levy Prior Year Municipal Equalized Value 2024 003 $2,395,100 $1,179,583,900 0.20 $3,908,923 $7,818 2024 005 $-66,300 $1,179,583,900 -0.01 $3,908,923 $-391 2024 Total $2,328,800 $1,179,583,900 0.19 $3,908,923 $7,427 2023 003 $2,500,000 $1,021,582,400 0.24 $3,871,035 $9,290 2023 005 $0 $1,021,582,400 0.00 $3,871,035 $0 2023 Total $2,500,000 $1,021,582,400 0.24 $3,871,035 $9,290 Page of 3 4 Page 10 of 13 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 7 – Preparer/Contact Information Preparer name Preparer title Preparer email Preparer phone Contact name Contact title Contact email Contact phone Denise Schwenn Treasurer (608) 437-9408denise.schwenn@mounthorebwi.info Denise Schwenn Treasurer (608) 437-9408denise.schwenn@mounthorebwi.info Submission Information Co-muni code TID number Submission date Confirmation Submission type 13157 005 06-01-2026 10:52 AM TIDAR20250384O1780329153283 ORIGINAL Page of 4 4 Page 11 of 13 RESOLUTION 2026-15 JOINT REVIEW BOARD OF THE VILLAGE OF MOUNT HOREB RESOLUTION ACKNOWLEDGING FILING OF ANNUAL REPORTS AND COMPLIANCE WITH ANNUAL MEETING REQUIREMENT WHEREAS, Wis. Stat. § 66.1105(f4m)(f) requires that the Joint Review Board (JRB) meet annually on July 1, or when an annual report under Wis. Stat. § 66.1105(6m)(c)(intro.) becomes available, to review the annual report and to review the performance and status of each district governed by the JRB; and WHEREAS, the Village has filed an annual report to the Wisconsin Department of Revenue for the following districts: Tax Increment District No. 3 Tax Increment District No. 5; and WHEREAS, copies of the annual reports have been provided to each overlying taxing jurisdiction; and WHEREAS, the JRB met on September 16, 2026 to review the annual reports and the performance and status of each of the districts governed by the JRB. NOW, THEREFORE, BE IT RESOLVED, that the Village has complied with its reporting requirements under Wis. Stat § 66.1105(6m)(c)(intro.) and requirement to hold an annual JRB meeting under Wis. Stat. § 66.1105(4m)(f) Introduced and passed this 16th day of September 2026. Resolution adoption moved by JRB member: _____________________________ Motion for adoption seconded by JRB member: ___________________________ On roll call motion passed by a vote of _______ayes to ________nays ATTEST: ________________________________ ________________________________ JRB Chairperson Signature Village Clerk Signature Page 12 of 13 Joint Review Board Members: Representing Dane County Mount Horeb School District Madison College Village of Mount Horeb Public Member Page 13 of 13