Joint Review Board Agenda Packet

JOINT REVIEW BOARD VILLAGE OF SHOREWOOD NOTICE PLEASE TAKE NOTICE that a meeting of the JOINT REVIEW BOARD ANNUAL MEETNG will be held in hybrid format (in person and via videoconference) on 4:00pm on Thursday, June 11, 2026. Click here to join via Zoom Meeting ID: 968 0796 0274 Passcode: 948383 Join via phone: 309-205-3325 1. Call to order. 2. Appointments. a. Chairperson. b. Public member. 3. Review of Annual PE-300 Reports and the performance and status of: a. Tax Incremental District No. 3 b. Tax Incremental District No. 4 c. Tax Incremental District No. 5 4. Consider “Resolution Acknowledging Filing of Annual Report s and Compliance with Annual Meeting Requirement.” 5. Adjournment DATED at Shorewood, Wisconsin on this 5 th day of June, 2026 VILLAGE OF SHOREWOOD Toya Harrell, MMC, WCPC Village Clerk Should you have any questions or comments regarding any items on this agenda, contact the Manager's Office at 414-847-2701. It is possible that members of and possibly a quorum of members of other governmental bodies of the municipality may attend the above stated meeting to gather information; no action will be taken by any governmental body at the above stated meeting other than the governmental body specifically referred to above in this notice. Upon reasonable notice, efforts will be made to accommodate the needs of all individuals. VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 3 December 31, 2025 2025 ASSETS Cash and cash equivalents 3,101,281$ Taxes receivable 494,644 Accounts receivable 1,112 Restricted cash and cash equivalents - TOTAL ASSETS 3,597,037$ LIABILITIES Accounts payable 1,248$ Unearned Revenue 1,010 Total Liabilities 2,258 DEFERRED INFLOWS OF RESOURCES Taxes levied for subsequent year's budget 1,036,464 Unavailable revenues - Total Deferred Inflows 1,036,464 FUND BALANCE Restricted for TID project plan 2,558,315 Total Fund Balance 2,558,315 TOTAL LIABILITIES, DEFERRED INFLOWS AND FUND BALANCE 3,597,037$ BALANCE SHEET 2025 REVENUES Taxes 1,191,031$ Shortfall Payments - Intergovernmental 34,565 Investment income 91,128 Other revenues 20,058 Total Revenues 1,336,782 EXPENDITURES Current Conservation and development 6,757 Total Expenditures 594,868 Excess (Deficiency) of Revenues Over (Under) Expenditures 741,914 OTHER FINANCING SOURCES (USES) Transfers out - Total Other Financing Sources (Uses) - Net Change in Fund Balance 741,914 BEGINNING FUND BALANCE 1,816,401 ENDING FUND BALANCE 2,558,315$ For the Year Ended December 31, 2025 VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 3 STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 3 Total From Date 2025 of Creation PROJECT COSTS Capital expenditures 588,111$ 4,875,492$ Developer Incentives (PAYGO) - 1,301,921$ Administration 6,757 148,091 Interest and fiscal charges - 443,946 Debt issuance costs and discounts - 25,745 Total Project Costs 594,868 6,795,195 PROJECT REVENUES Tax increment 1,191,031 8,086,344 Shortfall payments - 311,098 Exempt computer aid 34,565 145,732 Investment income 91,128 218,201 Miscellaneous revenue 20,058 512,505 Premiums on long-term debt - 34,631 Total Project Revenues 1,336,782 9,308,511 NET COSTS TO BE RECOVERED THROUGH TAX INCREMENTS – DECEMBER 31, 2024 (741,914)$ (2,513,316)$ Reconcilation of Recoverable Costs PayGo Note -$ Less: Fund balance (2,558,315) Net Costs Recoverable (Recovered) Through Tax Increments - December 31, 2024 (2,558,315) $ HISTORICAL SUMMARY OF PROJECT COSTS, PROJECT REVENUES AND NET COSTS TO BE RECOVERED THROUGH TAX INCREMENTS and From Date of Creation through December 31, 2025 For the Year Ended December 31, 2025 and Total Project From Date Plan 2025 of Creation Estimate SOURCES OF FUNDS Tax increment 1,191,031$ 8,086,344$ - $ Shortfall Payments - 311,098 - Exempt computer aid 34,565 145,732 - Investment income 91,128 218,201 - Miscellaneous revenue 20,058 512,505 - Premium on long-term debt - 34,631 - Proceeds from debt - 3,192,361 - Total Sources of Funds 1,336,782 12,500,872 - USES OF FUNDS Capital expenditures River bluff restoration -$ 492,362$ 600,000 $ Capital Drive and traffic control - 500,540 440,000 Access drives costs - 628,959 100,000 Options - - 20,000 Engineering & Support services - 335,346 175,000 Contingencies - - 230,000 Developer subsidy 588,111 2,740,899 3,200,000 Site acquistition costs - 72,799 5,500,000 Outside boundaryproject costs - 420 Open Space Preservation - 104,167 100,000 Total Capital expenditures 588,111 4,875,492 14,840,000 Marketing, auditing, planning and administration 6,757 148,091 485,236 Debt service expenditures - Principal on G.O. bonds - 3,170,133 - Interest and fiscal charges - 421,175 - Payments on PAYGO Bonds - 1,301,921 - Debt issuance costs - 25,745 - Total Uses of Funds 594,868 9,942,557 15,325,236$ Net Change in Fund Balance 741,914 2,558,315 BEGINNING FUND BALANCE 1,816,401 - ENDING FUND BALANCE 2,558,315$ 2,558,315$ and From Date of Creation through December 31, 2025 VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 3 HISTORICAL STATEMENT OF SOURCES, USES AND STATUS OF FUNDS INCLUDING DETAIL CAPITAL EXPENDITURES For the Year Ended December 31, 2025 and Total Project From Date Plan 2025 of Creation Estimate SOURCES OF FUNDS Tax increment 1,191,031$ 8,086,344$ - $ Shortfall Payments 311,098 - Exempt computer aid 34,565 145,732 - Investment income 91,128 218,201 - Miscellaneous revenue 20,058 512,505 - Premium on long-term debt 34,631 - Proceeds from debt - 3,192,361 - Total Sources of Funds 1,336,782 12,500,872 - USES OF FUNDS Capital expenditures Purchase of Touhy land remnant -$ -$ 800,000$ River bluff restoration 492,362 600,000 Capital Drive and traffic control 500,540 440,000 Access drives costs 628,959 100,000 Options - 20,000 Engineering & Support services 335,346 175,000 Contingencies - 230,000 Developer subsidy 588,111 2,740,899 3,200,000 Site acquistition costs 72,799 5,500,000 Outside boundary project costs - Wilson Dr. improvements - 1,000,000 Acquisition - 2,500,000 Signage/Entrance monumentation - 75,000 Façade Improvements - 100,000 Open Space Preservation - 104,167 100,000 Total Capital expenditures 588,111 4,875,072 14,840,000 Marketing, auditing, planning and administration 6,757 148,511 485,236 Debt service expenditures - Principal on G.O. bonds 3,147,362 - Interest and fiscal charges - 443,946 - Payments on PAYGO Bonds 1,301,921 - Debt issuance costs - 25,745 - Total Uses of Funds 594,868 9,942,557 15,325,236$ Net Change in Fund Balance 741,914 2,558,315 BEGINNING FUND BALANCE 1,816,401 - ENDING FUND BALANCE 2,558,315$ 2,558,315$ VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 3 DETAILED SCHEDULE OF SOURCES, USES, AND STATUS OF FUNDS From Date of Creation through December 31, 2025 /0/1/2/3/i255/5/6/2/3/7/i255/8/9/2/6/2/10/9/6/11/i255/12/11/6/2/i255/13/14/13/15/i255/16/i255/13/14/17/18/i255/i255 /i255 /i255 /20/21/22/i255/12/23/1/24/7/10/25/9/1/2/26/i255 /i255 /i255 /i255 /28/29/i255 /i255 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/74/72/71/95/71/72/28/82/69/96/i255/i255/i255/i255/69 /70/69/95 /69/70/29/70/80 /80/72/95/70/71/72/74/28/28/i255/i255/i255/i255/28 /72/29/29/71/72/28/98/70/i255/i255/i255/80 /71/72/69/82/80/72/80/71/28/i255/i255/i255/i255/80 /70/72/82/95/71/72/69/71/28/i255/i255/i255/i255/69 /98/57/95/70/28 /72/80/71/98/72/80/82/29/96/i255/i255/i255/i255/29 /70/72/70/70/70/96/i255/i255/i255/28 /72/98/28/98/72/80/82/29/96/i255/i255/i255/i255/80 /29/71/72/28/82/28/96/i255/i255/i255/i255/i255/i255/28 /74/72/70/70/70/96/i255/i255/i255/i255/i255/i255/80 /74/29/72/28/82/28/96/i255/i255/i255/i255/i255/i255/28 /72/70/80/82/72/74/70/69/96/i255/i255/i255/i255/98 /72/80/70/70/72/98/71/80/96/i255/i255/i255/i255 /94/96/i255/i255/i255/i255/i255/i255/i255/i255/i255/i255/i255/i255/i255 /98/72/80/70/70/72/98/71/80/96/i255/i255/i255/i255/69 /70/29/70 /84/55/47/32/51/52/40/34/36/53/32/i255/84/33/34/40/46/35/34/32/33 VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 4 December 31, 2025 2025 ASSETS Cash and cash equivalents 2,262,902$ Taxes receivable 228,646 Accounts receivable 229 Loans receivable 2,365,000 Restricted cash and cash equivalents - TOTAL ASSETS 4,856,777$ LIABILITIES Accounts payable -$ Liabilities payable from restricted cash - Accrued liabilities - Total Liabilities - DEFERRED INFLOWS OF RESOURCES Taxes levied for subsequent year's budget 479,098 Unavailable revenues 2,365,141 Total Deferred Inflows 2,844,239 FUND BALANCE Non-spendable prepaids - Restricted for bond purposes - Restricted for TID project plan 2,012,538 Total Fund Balance 2,012,538 TOTAL LIABILITIES, DEFERRED INFLOWS AND FUND BALANCE 4,856,777$ BALANCE SHEET 2025 REVENUES Taxes 468,039$ Intergovernmental 5,736 Investment income 179,854 Other revenues 105,000 Total Revenues 758,629 EXPENDITURES Current Conservation and development 4,020 Capital Outlay - Debt Service Interest and fiscal charges 153,838 Total Expenditures 157,858 Excess (Deficiency) of Revenues Over (Under) Expenditures 600,771 OTHER FINANCING SOURCES (USES) General obligation debt issued - Premiums on bonds issued - Transfers out (400,000) Total Other Financing Sources (Uses) (400,000) Net Change in Fund Balance 200,771 BEGINNING FUND BALANCE 1,811,767 ENDING FUND BALANCE 2,012,538$ For the Year Ended December 31, 2025 VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 4 STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 4 Total From Date 2025 of Creation PROJECT COSTS Capital expenditures -$ 4,051,492$ Administration 4,020 422,877 Interest and fiscal charges 153,838 2,430,803 Debt issuance costs and discounts - 213,259 Total Project Costs 157,858 7,118,431 PROJECT REVENUES Tax increment 468,039 4,583,077 Exempt computer aid 5,736 990 Investment income 179,854 1,290,204 Miscellanous revenue 105,000 290,000 Premium on long-term debt - 47,976 Total Project Revenues 758,629 6,212,247 NET COSTS TO BE RECOVERED THROUGH TAX INCREMENTS – DECEMBER 31, 2024 (600,771)$ 906,184$ Reconcilation of Recoverable Costs General obligation debt 4,515,000 $ Less: fund balance (1,811,767) Net Costs Recoverable (Recovered) Through Tax Increments - December 31, 2024 2,703,233 $ HISTORICAL SUMMARY OF PROJECT COSTS, PROJECT REVENUES AND NET COSTS TO BE RECOVERED THROUGH TAX INCREMENTS and From Date of Creation through December 31, 2025 For the Year Ended December 31, 2025 Total Pro ject From Date Plan 2025 of Creation Estimate SOURCES OF FUNDS Tax increment 468,039$ 4,583,077$ - $ Exempt computer aid 5,736 990 - Investment income 179,854 1,290,204 - Miscellanous revenue 105,000 290,000 - Premium on long-term debt - 47,976 - Proceeds from debt - 8,155,000 - Total Sources of Funds 758,629 14,367,247 - USES OF FUNDS Capital Expenditures Developer grant -$ 4,051,492$ 3,925,000 $ Developer loan - - 3,485,000 Infrastructure costs/contingency - - 500,000 Total Capital Expenditures - 4,051,492 7,910,000 Legal, financial and consulting 4,020 422,877 250,000 Debt service expenditures Principal on G.O. bonds 400,000 2,860,000 - Interest and fiscal charges 153,838 2,430,803 390,405 Debt issuance costs - 213,259 174,595 Total Uses of Funds 557,858 9,978,431 8,725,000$ Net Change in Fund Balance 200,771 4,388,816 BEGINNING FUND BALANCE 1,811,767 - ENDING FUND BALANCE 2,012,538$ 4,388,816$ and From Date of Creation through December 31, 2025 VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 4 HISTORICAL STATEMENT OF SOURCES, USES AND STATUS OF FUNDS INCLUDING DETAIL CAPITAL EXPENDITURES For the Year Ended December 31, 2025 Total Pro ject From Date Plan 2025 of Creation Estimate SOURCES OF FUNDS Tax increment 468,039$ 4,583,077$ - $ Exempt computer aid 5,736 990 - Investment income 179,854 1,290,204 - Miscellanous revenue 105,000 290,000 - Premium on long-term debt - 47,976 - Proceeds from debt - 8,155,000 - Total Sources of Funds 758,629 14,367,247 - USES OF FUNDS Capital Expenditures Developer grant -$ 4,051,492$ 3,925,000 $ Developer loan - - 3,485,000 Infrastructure costs/contingency - - 500,000 Total Capital Expenditures - 4,051,492 7,910,000 Legal, financial and consulting 4,020 422,877 250,000 Debt service expenditures Principal on G.O. bonds 400,000 2,860,000 - Interest and fiscal charges 153,838 2,430,803 390,405 Debt issuance costs - 213,259 174,595 Prior period adjustment - 2,785,000 174,595 Total Uses of Funds 557,858 9,978,431 8,725,000$ Net Change in Fund Balance 200,771 4,388,816 BEGINNING FUND BALANCE 1,811,767 - ENDING FUND BALANCE 2,012,538$ 4,388,816$ VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 4 DETAILED SCHEDULE OF SOURCES, USES, AND STATUS OF FUNDS From Date of Creation through December 31, 2025 /0/1/2/3/i255/5/6/2/3/7/i255/8/9/2/6/2/10/9/6/11/i255/12/11/6/2/i255/13/14/13/15/i255/16/i255/13/14/17/18/i255/i255 /i255 /i255 /20/21/22/i255/12/23/1/24/7/10/25/9/1/2/26/i255 /i255 /i255 /i255 /28/29/i255 /i255 /i255 /i255 /i255 /i255 /20/6/30/i255/21/2/10/23/7/31/7/2/25/6/11/i255/22/9/26/25/23/9/10/25/i255/32/33 /34/1/35/7/23/6/25/7/i255/6/26/26/36/31/37/25/9/1/2/26 /38/39/40/41/42/40/43/44/i255/45/46/28/28/47/i255/i255/48/41/49/43/41/42/50/39/51/i255/38/52/50/53/40/44/i255/45/46/54/55 /56/6/26/57/i255/8/11/1/58/i255/12/23/1/24/7/10/25/9/1/2/26 /59/39/50/60/40/39/42/51/i255/41/60/60/39/40/61/62/41/42/62/50/49/i255/63/41/61/42/50/39 /45/64/46/46/65 /66/67/45/29/67/45/46/45/29 /68/41/69/i255/39/41/42/40/i255/41/60/60/39/40/61/62/41/42/62/50/49/i255/63/41/61/42/50/39 /28/64/70/46/65 /59/39/50/60/40/39/40/42/51/i255/71/41/52/72/41/42/62/50/49/i255/73/53/42/62/74/41/42/40/53/68 /41/69/40/53/75 /40/76/40/49/72/40/i255/73/53/42/62/74/41/42/40/53 /38/41/53/77/i255/59/50/53/62/42/62/50/49/i255/67/i255/78/40/79/42 /80/72/43/81/40/42/i255/67/i255 /75/40/76/40/49/72/40/i255 /82/40/41/39 /59/82/i255/40/83/72/41/52/62/84/40/43/i255 /76/41/52/72/40 /38/77/41/49/81/40/i255/67/i255 /85/49/63/52/41/42/62/50/49/41/39/51/i255 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/47/54/29/94/47/94/66/70/92/i255/i255/i255/i255/29 /46/46/47/46/46/46/92/i255/i255/i255/i255/i255/i255/45 /47/91/29/94/47/94/66/70/92/i255/i255/i255/i255/45 /46/54/46 /73/69/60/40/49/43/62/42/72/39/40/i255/73/53/42/62/74/41/42/40/53 VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 5 December 31, 2025 2025 ASSETS Cash and cash equivalents 9,802,240$ Taxes receivable 604,594 Accounts receivable 471 Restricted cash and cash equivalents - TOTAL ASSETS 10,407,305$ LIABILITIES Accounts payable 1,166 $ Liabilities payable from restricted cash - Accrued liabilities 121 Total Liabilities 1,287 DEFERRED INFLOWS OF RESOURCES Taxes levied for subsequent year's budget 1,266,850 Unavailable revenues - Total Deferred Inflows 1,266,850 FUND BALANCE Non-spendable prepaids - Restricted for bond purposes - Restricted for TID project plan 9,139,168 Total Fund Balance 9,139,168 TOTAL LIABILITIES, DEFERRED INFLOWS AND FUND BALANCE 10,407,305$ BALANCE SHEET 2025 REVENUES Taxes 1,249,651$ Intergovernmental 68,741 Investment income 429,501 Other revenues - Total Revenues 1,747,893 EXPENDITURES Current Conservation and development 35,375 Capital Outlay - Debt Service Interest and fiscal charges 159,425 Total Expenditures 194,800 Excess (Deficiency) of Revenues Over (Under) Expenditures 1,553,093 OTHER FINANCING SOURCES (USES) General obligation debt issued - Premiums on bonds issued - Transfers out (300,000) Total Other Financing Sources (Uses) (300,000) Net Change in Fund Balance 1,253,093 BEGINNING FUND BALANCE 7,886,075 ENDING FUND BALANCE 9,139,168$ For the Year Ended December 31, 2025 VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 5 STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 5 Total From Date 2025 of Creation PROJECT COSTS Capital expenditures -$ 5,674,647$ Administration 35,375 431,181 Interest and fiscal charges 159,425 1,986,663 Debt issuance costs and discounts - 57,782 Total Project Costs 194,800 8,150,273 PROJECT REVENUES Tax increment 1,249,651 11,915,753 Exempt computer aid 68,741 85,978 Investment income 429,501 1,145,253 Miscellanous revenue - 17,457 Premium on long-term debt - - Total Project Revenues 1,747,893 13,164,441 NET COSTS TO BE RECOVERED THROUGH TAX INCREMENTS – DECEMBER 31, 2022 (1,553,093)$ (5,014,168)$ Reconcilation of Recoverable Costs General obligation debt 4,125,000 $ Less: fund balance (9,139,168) Net Costs Recoverable (Recovered) Through Tax Increments - December 31, 2022 (5,014,168) $ HISTORICAL SUMMARY OF PROJECT COSTS, PROJECT REAVENUES AND NET COSTS TO BE RECOVERED THROUGH TAX INCREMENTS and From Date of Creation through December 31, 2025 For the Year Ended December 31, 2025 Total From Date 2025 of Creation SOURCES OF FUNDS Tax increment 1,249,651$ 11,915,753$ Exempt computer aid 68,741 85,978 Investment income 429,501 1,145,253 Miscellanous revenue - 17,457 Premium on long-term debt - - Proceeds from debt - 6,190,000 Total Sources of Funds 1,747,893 19,354,441 USES OF FUNDS Capital Expenditures Developer grant -$ 5,500,000$ Developer loan - - Infrastructure costs/contingency - 174,647 Total Capital Expenditures - 5,674,647 Legal, financial and consulting 35,375 431,181 Debt service expenditures - Principal on bonds 300,000 2,065,000 Interest and fiscal charges 159,425 1,986,663 Debt issuance costs - 57,782 Total Uses of Funds 494,800 10,215,273 Net Change in Fund Balance 1,253,093 9,139,168 BEGINNING FUND BALANCE 7,886,075 - ENDING FUND BALANCE 9,139,168$ 9,139,168$ and From Date of Creation through December 31, 2025 VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 5 HISTORICAL STATEMENT OF SOURCES, USES AND STATUS OF FUNDS INCLUDING DETAIL CAPITAL EXPENDITURES For the Year Ended December 31, 2025 Total Pro ject From Date Plan 2025 of Creation Estimate SOURCES OF FUNDS Tax increment 1,249,651$ 11,915,753$ - $ Exempt computer aid 68,741 85,978 - Investment income 429,501 1,145,253 - Miscellanous revenue - 17,457 - Premium on long-term debt - - - Proceeds from debt - 6,190,000 - Total Sources of Funds 1,747,893 19,354,441 - USES OF FUNDS Capital Expenditures Developer grant -$ 5,500,000$ 5,500,000 $ Developer loan - - 6,500,000 Infrastructure costs/contingency - 174,647 - Total Capital Expenditures - 5,674,647 12,000,000 Legal, financial and consulting 35,375 431,181 1,750,000 Debt service expenditures - Principal on bonds 300,000 2,065,000 - Interest and fiscal charges 159,425 1,986,663 - Debt issuance costs - 57,782 - Total Uses of Funds 494,800 10,215,273 13,750,000$ Net Change in Fund Balance 1,253,093 9,139,168 BEGINNING FUND BALANCE 7,886,075 - ENDING FUND BALANCE 9,139,168$ 9,139,168$ From Date of Creation through December 31, 2025 VILLAGE OF SHOREWOOD TAX INCREMENTAL DISTRICT NO. 5 DETAILED SCHEDULE OF SOURCES, USES, AND STATUS OF FUNDS /0/1/2/3/i255/5/6/2/3/7/i255/8/9/2/6/2/10/9/6/11/i255/12/11/6/2/i255/13/14/13/15/i255/16/i255/13/14/17/18/i255/i255 /i255 /i255 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07/14/2035 N/A $1,537,054 Section 3 – Revenue Amount Tax increment Investment income Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID $1,191,031 $91,128 $34,565 TID number Developer guarantees Developer name Transfer from other funds Source Grants Source Other revenue Source admin fees $20,058 Total Revenue (deposits) $1,336,782 Page of 1 4 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 $9,984 $5,557 $1,200 TID number Developer grants Developer name Sherman & Associates $578,127 Transfer to other funds Fund Other expenditures Name Total Expenditures $594,868 Section 5 – Ending Balance Amount TID fund balance at end of year Future costs Future revenue Surplus or deficit $2,278,968 $8,000,000 $8,000,000 $2,278,968 Page of 2 4 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 $0 $0 $0 $0 004 $0 $0 $0 $0 005 $0 $0 $0 $0 Total $0 $0 $0 $0 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 $0 $2,393,653,500 0.00 $12,163,158 $0 004 $0 $2,393,653,500 0.00 $12,163,158 $0 005 $0 $2,393,653,500 0.00 $12,163,158 $0 Total $0 $2,393,653,500 0.00 $12,163,158 $0 Current Year Actual TID NNC Impact to Municipal Levy Levy Increase Attributable to TID Net New Construction Increase per $100,000 $0 $0 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 $0 $2,262,413,200 0.00 $12,163,390 $0 2024 004 $0 $2,262,413,200 0.00 $12,163,390 $0 2024 005 $0 $2,262,413,200 0.00 $12,163,390 $0 2024 Total $0 $2,262,413,200 0.00 $12,163,390 $0 2023 003 $0 $2,047,163,700 0.00 $12,091,748 $0 2023 004 $0 $2,047,163,700 0.00 $12,091,748 $0 2023 005 $0 $2,047,163,700 0.00 $12,091,748 $0 2023 Total $0 $2,047,163,700 0.00 $12,091,748 $0 Page of 3 4 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 Krisztina Dommer Contracted Finance Director (224) 628-0029kdommer@lauterbachamen.com Krisztina Dommer Contracted Finance Director (414) 847-2607financedirector@shorewoodwi.gov Submission Information Co-muni code TID number Submission date Confirmation Submission type 40181 003 06-03-2026 01:48 PM TIDAR20251077O1780511584782 ORIGINAL Page of 4 4 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 40181 SHOREWOOD MILWAUKEE 07/01/2026 ORIGINAL 004 3 N/A 06/09/2011 06/09/2038 N/A $1,802,564 Section 3 – Revenue Amount Tax increment Investment income Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID $468,039 $100,666 $5,736 TID number Developer guarantees Developer name Transfer from other funds Source Grants Source Other revenue Source Mandel - loan interest $79,188 Source Mandel - loan principal $105,000 Total Revenue (deposits) $758,629 Page of 1 4 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 $2,820 $1,200 $153,838 $400,000 TID number Developer grants Developer name Lighthorse $0 Transfer to other funds Fund Other expenditures Name Total Expenditures $557,858 Section 5 – Ending Balance Amount TID fund balance at end of year Future costs Future revenue Surplus or deficit $2,003,335 $4,000,000 $4,000,000 $2,003,335 Page of 2 4 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 $0 $0 $0 $0 004 $0 $0 $0 $0 005 $0 $0 $0 $0 Total $0 $0 $0 $0 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 $0 $2,393,653,500 0.00 $12,163,158 $0 004 $0 $2,393,653,500 0.00 $12,163,158 $0 005 $0 $2,393,653,500 0.00 $12,163,158 $0 Total $0 $2,393,653,500 0.00 $12,163,158 $0 Current Year Actual TID NNC Impact to Municipal Levy Levy Increase Attributable to TID Net New Construction Increase per $100,000 $0 $0 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 $0 $2,262,413,200 0.00 $12,163,390 $0 2024 004 $0 $2,262,413,200 0.00 $12,163,390 $0 2024 005 $0 $2,262,413,200 0.00 $12,163,390 $0 2024 Total $0 $2,262,413,200 0.00 $12,163,390 $0 2023 003 $0 $2,047,163,700 0.00 $12,091,748 $0 2023 004 $0 $2,047,163,700 0.00 $12,091,748 $0 2023 005 $0 $2,047,163,700 0.00 $12,091,748 $0 2023 Total $0 $2,047,163,700 0.00 $12,091,748 $0 Page of 3 4 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 Krisztina Dommer Contracted Finance Director (224) 628-0029kdommer@lauterbachamen.com Krisztina Dommer Contracted Finance Director (414) 847-2607financedirector@shorewoodwi.gov Submission Information Co-muni code TID number Submission date Confirmation Submission type 40181 004 06-03-2026 02:01 PM TIDAR20251077O1780512827075 ORIGINAL Page of 4 4 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 40181 SHOREWOOD MILWAUKEE 07/01/2026 ORIGINAL 005 3 N/A 06/16/2014 06/16/2041 N/A $8,114,214 Section 3 – Revenue Amount Tax increment Investment income Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID $1,249,651 $429,501 $68,741 TID number Developer guarantees Developer name Transfer from other funds Source Grants Source Other revenue Source Total Revenue (deposits) $1,747,893 Page of 1 4 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 $34,175 $1,200 $169,425 $290,000 TID number Developer grants Developer name N/A $0 Transfer to other funds Fund Other expenditures Name Total Expenditures $494,800 Section 5 – Ending Balance Amount TID fund balance at end of year Future costs Future revenue Surplus or deficit $9,367,307 $8,000,000 $8,000,000 $9,367,307 Page of 2 4 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 $0 $0 $0 $0 004 $0 $0 $0 $0 005 $0 $0 $0 $0 Total $0 $0 $0 $0 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 $0 $2,393,653,500 0.00 $12,163,158 $0 004 $0 $2,393,653,500 0.00 $12,163,158 $0 005 $0 $2,393,653,500 0.00 $12,163,158 $0 Total $0 $2,393,653,500 0.00 $12,163,158 $0 Current Year Actual TID NNC Impact to Municipal Levy Levy Increase Attributable to TID Net New Construction Increase per $100,000 $0 $0 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 $0 $2,262,413,200 0.00 $12,163,390 $0 2024 004 $0 $2,262,413,200 0.00 $12,163,390 $0 2024 005 $0 $2,262,413,200 0.00 $12,163,390 $0 2024 Total $0 $2,262,413,200 0.00 $12,163,390 $0 2023 003 $0 $2,047,163,700 0.00 $12,091,748 $0 2023 004 $0 $2,047,163,700 0.00 $12,091,748 $0 2023 005 $0 $2,047,163,700 0.00 $12,091,748 $0 2023 Total $0 $2,047,163,700 0.00 $12,091,748 $0 Page of 3 4 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 Krisztina Dommer Contracted Finance Director (224) 628-0029kdommer@lauterbachamen.com Krisztina Dommer Contracted Finance Director (414) 847-2607financedirector@shorewoodwi.gov Submission Information Co-muni code TID number Submission date Confirmation Submission type 40181 005 06-03-2026 02:09 PM TIDAR20251077O1780513426446 ORIGINAL Page of 4 4