Village Board Meeting Materials (PDF)

VILLAGE BOA RD MEETING Monday, July 6, 2026 at 6:00 p.m. Earl McGovern Board Room And Virtually by Computer & Phone PLEASE TAKE NO TICE that a meeting of the Brown Deer Village Board will be held at the Village Hall of the Village of Brown Deer, 4800 West Green Brook Drive, Brown Deer, Wisconsin in addition to virtually. Public can access this meeting of the Village Board by phone or by computer. The phone number is: 1-301-715-8592. The Zoom Meeting ID is: 891 1908 4715 and the Passcode is: 921243 https://us02web.zoom.us/j/89119084715?pwd=nu01E1iUjxv6gILporJoR5LsUVVcOa.1 The follow ing items of business will be discussed and possibly acted upon: I. Roll Call II. Pledge of Allegiance III. Persons Desiring to be Heard – Email comments to cbrustmann@browndeerwi.gov by 4:00pm the day of the meeting. IV. Elected O fficials & Staff Reports – No Discussion or Actions will be Taken on Reports V. Consent Agenda A) Consideration of Minutes – June 15, 2026 B) Consider Service Agreement with Valbridge Property Advisors for Appraisals at 9124-9200 N. Green Bay Rd. and 9120 N. Green Bay Rd. VI. New Business A) Consider Approval of Agreement and Offer to Purchase with Donut Monster LLC at 8725 N. Deerwood Dr. B) Consider Approval of a Certified Survey Map Land Division at 8725 N. Deerwood Drive C) Presentation on Financial Status of Tax Incremental Districts D) Presentation on Future Debt Obligations VII. Adjournment s/ Caren Brus tmann Caren Brustmann, Village Clerk July 2, 2026 The Village Board of Brown Deer currently holds meetings in person at Village Hall, or an alternative physical location as allowed by the Village Code. As a courtesy to citizens, Board meetings will also be made available live on the Zoom virtual platform for viewing and possible participation. However, the Village cannot guarantee the technology supporting the virtual viewing option will operate perfectly and continuously, or that the platform will work with every computer or mobile device. The only way to guarantee the ability to offer public comment, or view the Board meeting uninterrupted, is to appear in person. If the Zoom platform fails, the meeting will continue as scheduled. PERSONS REQUIRING SPECIAL ACCOMMODATIONS FOR ATTENDANCE AT THE MEETING SHOULD CONTACT THE VILLAGE CLERK AT LEAST ONE BUSINESS DAY PRIOR TO THE MEETING. PERSONS WHO DON’T COMPLY WITH THE VILLAGE’S VIRTUAL ATTENDANCE RULES MAY BE SUBJECT TO REMOVAL. VILLAGE OF BROWN DEER 4800 W. Green Brook Drive Brown Deer, Wisconsin 53223 Phone Number: 414-371-3051 | E-Mail: tburkart@browndeerwi.org | Website: www.browndeerwi.org VILL AGE MANAGER’S REPORT The following is a summary of this week(s) activities performed by Village Manager Burkart. Organ izational Management • I led the weekly Administration meeting each Tuesday. This allows all personnel at Village Hall to connect with one another along with the Parks and Recreation team. This meeting allocates time for staff to inform each other on what’s going on in the Village so they can better assist community members when they call and include updates for our communications. • I led our biweekly department head meeting to reflect on the previous Village Board meeting, review the upcoming Village Board agenda, and a roundtable of several department updates for the team. • Finance Director Derrick Danner, HR Manager Kris Connolly, and I met with R&R to go through our liability and workers’ compensation performance. We anticipate costs going up in 2027 due to some work-related injuries and inflationary costs. Fisc al / Business Management • Community Development Director Nate Piotrowski and I met with potential developers about the Hansen Storage site. We continue to make a push for single family housing along Sherman once it is finally constructed. • Mr. Piotrowski and I met with Signicast to give us a tour of their building and operations. They talked about their growth and future plans. Rel ationship with Village Board • I talked with President Montgomery regarding Village Board agenda and other updates. • I met with Trustee Owens to give him updates about the Village and discuss how things are going with their committees. Lon g Range Planning • Department heads are meeting with Finance Director Derrick Danner and me regarding their 2027-2031 Capital Improvement Plan requests. Those requests will be finalized in a draft plan to be presented to the Village Board at the July 20 meeting. Pub lic Relations • I plan on attending the July 4 celebration and fireworks for Brown Deer in Village Park. A huge thank you to Parks and Recreation, Public Works, Police, the Special Events Committee, and all the volunteers for their help with this event. Inte rgovernmental Relations • I met with the North Shore managers on June 17 to discuss potential e-bikes legislation and room tax revenue with short-term rentals. • I attended the Wisconsin City/County Management Association Conference in La Crosse. Starting July 1, I will serve as the WCMA President for a one-year period. I am thankful for Brown Deer for their support as I serve and give back to the profession in this leadership role. VILLAGE OF BROWN DEER 4800 W. Green Brook Drive Brown Deer, Wisconsin 53223 Phone Number: 414.371.3021 | E-Mail: mmaederer@browndeerwi.org | Website: www.browndeerwi.org Department of Public Works REPORT – 07/01/2026 The following is a summary of the recent activities performed by: Matthew S. Maederer, PE, Director of Public Works/Village Engineer & DPW Staff GENERAL: The following is a list of the 2026 upcoming projects that are in progress: • N. 47th During the August Street Culvert Replacement Project o The Village Board approved Alternative No. 2. o The project will go out to bid on Wednesday April 15th, and bids will be opened on Thursday, April 30th. o Construction will start after August 15th due to WDNR in-stream restrictions. • N. Sherman Blvd/CTH G (from W. Bradley Road to W. Dean Road) o Milwaukee County is leading the project. o Full reconstruction of Sherman from Bradley to Dean. o Substantial storm sewer underground work and new sidewalk/shared-use path on the werst side. o Bids were opened and the project has been awarded to Zignego for $5.5million. o Project completion date is mid-November 2026. • Ten Mile Park o The project is now complete! o The warranty period has begun, and the contractor is responsible for maintaining the plantings through the 2026 growing season. • N. 51st Street (from Brown Deer Road to Beech Court) o This project is complete! The Director and Contractor are working on the final punch list items and project closeout. Any touch-up landscaping will occur in spring 2026 (early July). • N. 51st Street Bridge Replacement (2026) RE-BID o The project bids were opened and the low-bid contractor for the work is Lunda Construction. o This project is facilitated by WisDOT. • Beaver Creek Restoration (from W. Brown Deer Road to N. 64th Street) o The project is currently under design and “on hold”. The project has been halted as we switch gears to the unexpected N. 47th Street culvert replacement project. Both projects will be funded out of the stormwater utility. To advance the N. 47th Street culvert replacement we had to make the decision to delay the Beaver Creek restoration work. o WDNR permitting is on-going. 2 • Village Hall Parking Lot Reconstruction o The project will utilize MMSD “green infrastructure funding for stormwater elements which will include pervious pavers like the new Library parking lot. o The project has been awarded to Wolf Paving. • Former First Citizen’s Bank Demolition o The old building has been razed! o Project completion is substantially complete, and the parking lot asphalt has been removed. o The Community Development Director and Village Manager are working with developers for proposals to develop the site. WINTER OPERATIONS: • The Director submitted the Village’s salt order with WisDOT for the 2026-2027 season. The Village ordered 1,000-tons of guaranteed fill and another 200-tons of reserve fill salt. WisDOT will go out to bid. The current season salt price is $83.20/ton. • The Director placed the final salt order form the depot for 2026 which should fill our salt dome. The Village pulled the remaining salt reserves of 350-tons. SANITARY SEWER: • The Director submitted the annual CMAR to the WDNR for activities in 2025. Even though the Village had two (2) SSOs we still received an “A” rating. • The Director submitted a work plan to MMSD for a sewer lateral replacement project in the basin tributary to the Lift Station (County Line Estates) in the far NW corner of the Village (N. 67th Street & W. County Line Road). Design work will occur in 2026, and construction is expected to occur in the summer of 2027. • The 2026 Cured-In-Place Pipe (CIPP) lining project will take place on N. 51st Street from W. Brown Deer Road to Beech Court. The project has been awarded to Visu-Sewer. Work will begin in the summer/fall of 2026. STORMWATER: • The crew is completing various ditching operations throughout the Village. BEAUTIFICATION/FORESTRY: • The crew is completing grass mowing operations, and the summer workers are line trimming. STREETS &TRAFFIC: • The Director is working on processing/approving utility right-of-way permits from WE- Energies, AT&T, Spectrum, and various fiber optic/communication companies. Utility permits are processed and approved for work occurring within Village R/W. Plans are reviewed for placement and conflicts with Village owned facilities. 3 • The DPW crew is filling potholes throughout the Village. REFUSE AND RECYCLING: • DPW continues picking trash in all the medians during periods of snow melt. All medians are fully picked weekly when there isn’t snow cover present. Bus Stops are picked free of litter weekly. PARK & REC DEPT.: • The DPW crew assisted with set-up for the 4th of July. Library: • No Update. Special Events – Farmer’s Market • The crew assisted with set-up for the weekly market. Special Events – School District • No Update. DPW Facility • Maintenance and shop cleaning. Environmental health examines how the environment—air, water, land, and living conditions—impacts health and works to reduce harmful exposures. ENVIRONMENTAL HEALTH Healthy living includes practices that lower illness risk, such as preventing infectious diseases, managing chronic conditions, and encouraging physical activity, nutrition, and wellness. HEALTHY LIVING (including chronic disease, communicable disease and healthy aging) Mental health and social isolation focuses on emotional, psychological, and social well-being, affecting how people think, feel, and interact with others. MENTAL HEALTH & SOCIAL ISOLATION This involves sharing important health information and building partnerships with communities to promote well- being and improve access to resources. COMMUNICATION & COMMUNITY ENGAGEMENT This report highlights the work done in each of our health priority areas over the past month, as well as other important work and activities done by our department. MAY 2026READ THE READ THE MONTHLY REPORT MONTHLY REPORT NORTH SHORE HEALTH DEPARTMENT NORTH SHORE HEALTH DEPARTMENT MAY 2026 ENVIRONMENTAL HEALTH Environmental health examines how the environment—air, water, land, and living conditions—impacts health and works to reduce harmful exposures. HEALTHY LIVING Healthy living includes practices that lower illness risk, such as preventing infectious diseases, managing chronic conditions, and encouraging physical activity, nutrition, and wellness. Mental health focuses on emotional, psychological, and social well-being, affecting how people think, feel, and interact with others. MENTAL HEALTH & SOCIAL ISOLATION PUBLIC HEALTH COMMUNICATION & COMMUNITY ENGAGEMENT This involves sharing important health information and building partnerships with communities to promote well-being and improve access to resources. This report highlights recent progress across NSHD’s priority areas from the 2022 Community Health Assessment (CHA) and North Shore THRIVE 2025–2030 Community Health Improvement Plan (CHIP), sharing key initiatives and department activities to promote transparency and adapt to community needs. NSHD HEALTH PRIORITY AREAS MAY HIGHLIGHTS We hosted four Mental Health Matters events throughout the month of May, each falling on a Saturday and throughout the North Shore. These events coincided with Mental Health Awareness month and promoted mental health and well being. We were joined by multiple community partners and had great support from folks in our communities. Huge kudos to our Public Health Specialist for planning and implementing these successful events! WORKFORCE DEVELOPMENT Our Public Health Nurses (PHNs) celebrated National Nurses Week by recognizing our UWM nursing clinical group and their clinical instructor, Arianne, with treats and cards. We appreciate the hard work of our future nurses and the educators who help guide them. MONTHLY REPORT MONTHLY REPORT NORTH SHORE HEALTH DEPARTMENT NORTH SHORE HEALTH DEPARTMENT Our Public Health Strategist prepared for and facilitated the North Shore Overdose Fatality Review (OFR) meeting. This was the first time we reviewed cases combined to establish reccomendations, in total reviewing over 18 cases. To our knowledge, this was the first time this was done in the state. After working diligently for almost a year, our PHNs launched a new electronic health record (EHR) system. It will allow us to chart more cohesive and detailed notes for patients we serve. We hosted the Safe Kids Wisconsin Child Passenger Safety Technician (CPST) course, where 13 folks became certified car seat techs, as well as a Community Car Seat Check Event with Safe Kids Wisconsin. Additionally, we hosted a Safe Kids Wisconsin CPST Refresher Day, where 30 new and experienced techs stopped by to brush up on their car seat skills and learn about updates in child passenger safety. Our vending machine moved from Glendale City Hall back to Brown Deer Village Hall. It is still stocked with all of the same prevention items (and maybe a few new ones to come). Probable and Confirmed Cases COMMUNICABLE DISEASES STIs 14 cases, 73.7% 19 TOTAL Other <5 cases, 10.5% Food & Water <5 cases, 5.3% RSV <5 cases, 5.3% Vector- Borne <5 cases, 5.3% NORTH SHORE ENVIRONMENTAL HEALTH CONSORITUM 3 New licenses 0 Radon test kits sold Animal bite follow ups 6 Inspections 32 MENTAL HEALTH & SOCIAL ISOLATION Our Medical Advisor, Dr. Jay, created a video focused on metal health for our socials. HEALTHY LIVING Two sharps containers were sold. ENVIRONMENTAL HEALTH COMMUNICATION & COMMUNITY EVENTS MAY 2026 Lactation/ Home Visits 2 Gallon of sharps collected 1 Our department started beach water testing for the season. We test all four beaches in the North Shore twice a week (at minimum) to monitor for E. coli and other bacteria that might make swimmers sick. We attended/hosted 8 community events. MONTHLY REPORT MONTHLY REPORT NORTH SHORE HEALTH DEPARTMENT NORTH SHORE HEALTH DEPARTMENT Naloxone doses distributed 82 Folks trained in Naloxone use 13 Hosted a Caregiver Social Group at the Shorewood Library to combat social isolation, as well as promote postpartum mental health. Provided three car seat checks/installations. Our communications included 14 posts on socials (4 videos, 10 regular posts), 2 newsletters, 5 healthy highlights, 1 article for magazines, 1 post on "Visit Milwaukee", and 5 physical flyers (libraries & coffee shops). Two of our PHNs celebrated National Senior Health & Fitness Day by tabling at the Rite-Hite YMCA and providing seniors with healthy lifestyle education and blood pressure checks. They completed 35 blood pressure screenings that day. Phone Number: [414-371-2965] | E-Mail: [Dana.Andersen@mcfls.org] | Website: https://www.browndeerpubliclibrary.org VILLAGE OF BROWN DEER 4800 W. Green Brook Drive Brown Deer, Wisconsin 53223 Lib rary Director Report The following is a summary of the recent activities performed by Library Director Dana Andersen-Kopczyk ● The library’s Children’s Librarian, Jenn, will be away from the library from mid July through the end of August. Reference staff has had to pivot in order to cover both her desk shifts and her programming. There are a few programs that Dana has requested be dropped in order for the Reference Desk to be staff during those times; otherwise, the bulk of the programming has been delegated out to other staff members (including Dana). ● The library has a temporary Reference Intern a couple of days a week that will help cover the Reference Desk and prep for programs. She will primarily be with the library from July 1 st to August 29th. ● The library is doing an “Animals Crossings” inspired scavenger hunt around the Village. Library staff has noticed that people are picking up the rocks and keeping them, rather than bringing them back to the library in order to collect a prize bag. Staff has started painting/hiding more rocks, because so many people are coming in to ask about the program, but rocks so far are just being kept by the person finding them. ● The library hosted the Wehr Nature Center mid June for a program about the animals and insects that live beneath our feet. The kids got to help put on a very fun play, then broke into groups to participate in different stations. Stations included worm observation, learning about different animals and insects that live in our area (including some live insects!), and going through tunnels acting like whatever animal was on the card they were given. ● The library has debuted it’s new "Brown Deer Reads" program series. This series looks to answer the question “Why does reading matter?”. It’s because: ● Reading builds empathy. ● Shared reading time strengthens family bonds. ● 20 minutes of reading a day improves vocabulary and imagination! Our mission is to build a community of readers, and once a month we welcome a guest reader to the library, share a story as a community and then enjoy dedicated reading and craft time. ● The library has again struggled to keep attraction passes on the shelf, as does other libraries in the MCFLS system, with the increased summertime demand. Particularly in demand this summer have been the Milwaukee County Zoo and Schlitz Audubon passes. ● A representative from Employ Milwaukee is at the library Mondays and Fridays from 12:30- 2:30pm, to help with career resources and job training. ● Reference staff has begun working on the fall/winter/spring library programs. Dana has given instructions on how she wants things done differently going forward, including how programming is “pitched”, planned for, and implemented. VILLAGE OF BROWN DEER 4800 W. Green Brook Drive Brown Deer, Wisconsin 53223 BROWN DEER POLICE DEPARTMENT REPORT June 29, 2026 The following is a summary of notable events related to the Brown Deer Police Department during the period of May 27, 2026 – June 29, 2026. • On May 27th, Detectives gave a presentation at the Neighborhood Watch Meeting on the function of the Detective Bureau and a homicide case study. • On Thursday, May 28 th, Lieutenant Govani, Sergeant Olsen and Sergeant Smith attended a state mandated Defensive Tactics Instructor Update at Waukesha County Technical College. • On Sunday, May 31 st, Sergeant Olsen/K9 Beny and Detective Lesnik/K9 Haber attended North American Police Work Dog Association Certification workshop. • On Monday, June 1 st through Friday, June 5 th, SRO Olig attended training to become a Department instructor for Emergency Vehicle Operations at Milwaukee Area Technical College. • On Monday, June 1 st through Friday, June 5 th, Officer Winkler attended Basic SWAT training at Waukesha County Technical College. • On June 2nd, Detectives investigated the physical abuse of a child in the 8200 block of N 46th St. The four-year-old victim was struck with a shoe multiple times, which caused bruises and abrasions. A 24-year-old female was charged with felony child abuse by the Milwaukee County District Attorney's Office. • On Monday, June 8 th, Sergeant Olsen/K9 Beny, Detective Lesnik/K9 Haber, Officer White and Officer Caddock attended Milwaukee County K9 training which was hosted by our Department. • On Monday, June 8 th through Thursday, June 11 th, SRO Olig attended the School Resource Officer Training Conference in Appleton. • From June 8 to June 11, SRO Olig attended the School Resource Officer Training Conference in Appleton. • On June 9th, Detectives investigated an online fraud of a business in the 7400 block of N 43rd St. The business paid a fraudulent invoice for $25,000 in purported past due charges. • On June 10, Chief Nimmer attended the North Shore Chiefs monthly meeting in Bayside. • On Friday, June 12th, a quarterly meeting with Roger’s Memorial Hospital was held. These meetings are held to address issues or questions from both parties and strengthen the police department’s working relationship with Rogers. • On June 14th, Detectives investigated an overdose death in the 4400 block of W Dean Rd. • On June 17th, Detectives assisted with the surveillance and arrest of a subject wanted by the Drug Enforcement Agency in the 3800 block of W Fountain Ave. • On June 18th, Detectives assisted with an online fraud investigation involving the sale of Green Bay Packer tickets over Facebook Marketplace. This case remains open. • On Thursday, June 18, in partnership with MADACC, the Brown Deer Police Department featured Toro, an adoptable dog, in an effort to help him find a forever home. Toro spent time visiting the police department and was highlighted on the department's social media to increase his adoption visibility. • On Tuesday, June 23 rd, Officer Caddock and Officer Allen-Mull attended In-Service Training at Waukesha County Technical College. • On June 23rd, Detectives investigated a strong-armed robbery that occurred in the 9200 block of N Green Bay Rd. A 16-year-old Milwaukee juvenile was arrested the following day and referred to the Milwaukee County Children's Center. • On June 24, Chief Nimmer attended the Milwuakee County Law Enforcement Executives monthly meeting. • On Thursday, June 25th, the department hosted a Coffee with a Cop event at Larry's Market from 10:00 a.m. to 12:00 p.m. The event was well attended by community members and provided an excellent opportunity for community interaction between officers and residents. Following the event, the management of Larry's Market expressed interest in hosting future Coffee with a Cop events, further strengthening the department's community partnerships. • On Friday, June 26, Lieutenant Daniel Krohn was recognized by Chief Peter Nimmer for 25 years of dedicated service to the Brown Deer Police Department. • On Friday, June 26, Officer Daniel Reed was presented with the Award of Merit for his exceptional performance during an armed robbery investigation, which resulted in the successful identification and arrest of the suspect. • On Friday, June 26, Officer Frank Wandaogo and Officer Sara White were presented with the Lifesaving Award for their actions in rescuing and providing lifesaving care to an individual in need, ultimately contributing to the person's full recovery. • On Friday, June 26, in partnership with MADACC, the Brown Deer Police Department featured Pistachio, an adoptable dog, to help him find a forever home. Pistachio visited the police department and was spotlighted on the department's social media to promote his adoption. • Between Tuesday, May 26 th, and Monday, June 29th, patrol responded to 2,078 calls for service, conducted 445 traffic stops (resulting in 361 traffic citations being issued), issued 318 parking citations and conducted 798 building/business/park checks. • Between Tuesday, May 26 th, and Monday, June 29th, patrol was involved in two vehicle pursuits. These pursuits resulted in one arrest and the recovery of one stolen vehicle. • Please visit the police department’s website to see all the calls for service that our department responds to daily. You can find those here: https://www.browndeerwi.org/463/Activity-Reports. VILLAGE OF BROWN DEER 4800 W. Green Brook Drive Brown Deer, Wisconsin 53223 Phone Number: (414) 371-3050 | E-Mail: cbrustmann@browndeerwi.gov | Website: www.browndeerwi.org VILLAGE CLERK’S REPORT The following is a summary of the recent activities performed by Village Clerk Caren Brustmann: • 2026 renewal applications were mailed out to establishments for liquor licenses, tobacco licenses, amusement device licenses, and music licenses. The annual renewal period is July 1 – June 30 of the given year. • The annual Board of Review was held on Thursday, June 25 at 1:00pm at the Village Hall. Three objections were received, of which, only one was timely. The value was affirmed by board members as set by the assessors. The two untimely cases were not heard as determined by the board members. • 850 absentee ballots were mailed out for the August 11 Partisan Primary. Residents have until Thursday, August 6 to request a ballot be mailed to them. Staff will be assisting residents at New Perspectives and Deerwood Crossing on July 20 – 22 with voting. VILLAGE OF BROWN DEER 4800 W. Green Brook Drive Brown Deer, Wisconsin 53223 Phone Number: 414-371-3061 | E-Mail: npiotrowski@browndeerwi.org | Website: www.browndeerwi.org COMMUNITY SERVICES REPORT The following is a summary of activities performed by the Development Director and Building Inspection. • A preconstruction meeting was held with 7Brew for their new project. As of this week they began construction at 4380 W. Brown Deer Road • The Development Director participated in a presentation and site visit at Ten Mile Park to promote the new project for a MANDI award • The Development Director met with New Blueprint Partners to discuss redevelopment concepts for 8100 N. Teutonia Ave. and stormwater management concerns • Architectural plans for a Chipotle at Riverside Landing were submitted for review by the Building Board at their next meeting on July 20 th. Site plans will need to be reviewed by the Plan Commission and Village Board as well. • The Development Director and Village Manager met with leadership of Signicast and toured their facility on N. 55 th Street. Signicast is looking at expansion opportunities within the Village and discussed locations, land use requirements and possible incentives BROWN DEER VILLAGE BOARD JUNE 15, 2026 MEETING MINUTES HELD AT THE BROWN DEER VILLAGE HALL 4800 WEST GREEN BROOK DRIVE The meeting was called to order by President Montgomery at 6:00pm. I. Roll C all Pre sent: President Montgomery, Trustees Edelen, Greaves, Johnson, Owens, Thompson and Woods Als o Present: Village Attorney Nathan Bayer, Village Manager Tyler Burkart, Community Services Director Nate Piotrowski, Director of Public Works Matthew Maederer, and Village Clerk Caren Brustmann II. Per sons Desiring to be Heard Jim Farmer of 8041 N. Cedarburg Road expressed expressing disapproval of taxpayer-funded projects such as the Village 43 apartments and the proposed commercial development at 4200 W. Brown Deer Road. Mr. Farmer suggested presenting a strategic development plan that includes details of proposed businesses and timelines. III. Ele cted Officials & Staff Reports No a ction was taken. IV. S pecial Presentation Ms. Brustmann swore in Village Trustee Tashanda Edelen. She was welcomed by the Village Board! V. Cons ent Agenda A) Consideration of Minutes – June 1, 2026 B) Accept May 2026 Voucher Statement C) Consider Approval of 2026-2027 Liquor License and Fermented Malt Beverage Renewals D) Consider Appointment of Trustee Edelen to the Finance & Personnel Committee E) Consider Approval of Sick Leave Donation Program Update F) Consider Approval of the Purchase of New Kubota Extended Bed Equipment & Re-allocation of Remaining 2026 CIP Funds for Village Hall A/C Chiller G) Consider Shared Employee Agreement with City Water for Human Resources and Benefits Administration Services H) Consider Janitorial Cleaning Service Agreement with Gibb Building Maintenance Company, Inc. Ite m H was removed from the consent agenda to further clarify language included in the agreement. It w as moved by Trustee Owens and seconded by Trustee Woods to approve the consent agenda as amended with the removal of item H. The motion was carried unanimously. Ite m H from the consent agenda was then heard. Mr. Burkart stated the original agreement included language that if terminated, the Village would owe 5% of costs. This language was later removed from the agreement. Trustee Woods inquired about the service frequencies for each building. Mr. Burkart stated the agreement will need to be modified by Gibb to include the frequency language. It w as moved by Trustee Thompson and seconded by Trustee Greaves to approve the janitorial cleaning service agreement wit h Gibb Building Maintenance Company, Inc. subject to service frequencies being included. The motion was carried unanimously. VI. N ew Business A) Consi der Approval of the Compliance Maintenance Annual Report (CMAR) and Adoption of Resolution No. 26-06: Authorizing Submittal to the Wisconsin Department of Natural Resources (WDNR) Mr. Maederer provided an update on the Village’s sanitary sewer system, reporting two sanitary sewer overflows in 2025. These overflows occurred during significant storms. Upcoming projects were also outlined including lateral pipe replacement and lift station replacement. It w as moved by Trustee Owens and seconded by Trustee Thompson to approve the Compliance Maintenance Annual Report and adopt Resolution No. 26-06 authorizing submittal to the Wisconsin Department of Natural Resources. The motion carried unanimously by a roll call vote. B) Dis cuss Conceptual Review of Commercial Development Concepts for 4200 W. Brown Deer Road Mr. Piotrowski reviewed three concept plans for the former US Bank site, with all plans including a 1.7-acre car wash with an enclosed vacuum bay. The three concepts presented show possible retail, fast food, or sit-down restaurant uses for the site. Mit ch Hohlen, Director of Development for Woodsonia Real Estate, was present via zoom, and emphasized that Jilly’s Car Wash was the preferred user for the car wash due to their local presence and willingness to invest in an enclosed vacuum bay. Mr. Hohlen presented other examples of successful car wash locations in the Milwaukee area. He emphasized that Jilly's Car Wash would serve as a complementary business to attract customers from other areas, particularly those visiting Target and other retail businesses in the development. Jon Z immerman, owner of Jilly’s Car Wash, emphasized the importance of creating a high-quality site plan for the development, as it’s the first impression for the community. Mr. Zimmerman highlighted the enclosed vacuum area and consideration of premium amenities within the enclosed area. It was described as enclosed vacuums, mat cleaners, and restrooms for a year-round experience. Mr. Zimmerman emphasized their willingness to invest $6 million in the project, noting their business model works well with recurring customers who learn the access pattern. Dis cussion followed by the board with focus on providing feedback on the conceptual plan, with no formal motion required. Concerns about traffic flow impact and the suitability of a car wash location in Brown Deer was discussed. The board agreed to support the general concept of Jilly's Car Wash with Plan 1, contingent on bringing a sit-down restaurant to the east side of the property. Trustees Greaves, Thompson, Owens, and President Montgomery expressed support of the concept, allowing Jilly’s Car Wash to proceed with future development at 4200 W. Brown Deer Road. No ac tion was taken. C) Consi der Approval of a Development Agreement with Woodsonia Real Estate for a Mixed Use Commercial and Residential Building at Riverside Landing, 9044 N. Green Bay Road Mr. Piotrowski expressed this development agreement includes apartment units featuring studios, one bedroom, two bedrooms, and three bedrooms. A parking lot would divide commercial use from residential use. The proposed plan does not include garages, and residents would not need to pay extra for parking in the lot. It w as moved by Trustee Greaves and seconded by Trustee Thompson to approve the development agreement with Woodsonia Real Estate for a mixed use commercial and residential building at Riverside Landing, 9044 N. Green Bay Road. The motion was carried unanimously. D) Consi der Approval of a Development Agreement with Woodsonia Real Estate for the Acquisition and Redevelopment of 4000 W. Brown Deer Road Mr. Piotrowski expressed the Village previously issued an RFP for the acquisition and redevelopment of 4000 W. Brown Deer Road and after review propose the selected plan from Woodsonia Real Estate. The agreement includes 6,000 square feet of commercial space, a community plaza, and 150 residential units. The guaranteed values begin at $26.6 million once construction is complete by the end of 2030. Discussion followed with a public art allocation being included in the proposed development. It w as moved by Trustee Johnson and seconded by Trustee Thompson to approve the development agreement with Woodsonia Real Estate for the acquisition and redevelopment of 4000 W. Brown Deer Road with the addition of $100,000 invested into public art. The motion was carried unanimously. E) Di scuss July 6 Village Board Meeting Mr. Burkart confirmed a Village Board meeting on July 6 will be held and confirmed members’ attendance. VII. Adj ournment It was moved by President Montgomery to adjourn at 8:13 p.m. Car en Brustmann Village Clerk - 1 - \\bdg-p-f s-01\groups\Committees\VB\Packets\2026\07.06.2026\Vitaleappraisal_VB.doc REQUEST FOR CONSIDERATION COMMI TTEE CONSIDERATION: Village Board ITEM DESCRIPTION: Review and Possible Approval of a Services Agreement with Valbridge Appraisal for 9120-9140 N. Green Bay Road PREPARED BY: Nate Piotrowski, Development Director REPORT DATE: July 1, 2026 BACKGROUND: As part of the recently approved relocation order for the northern half of the Marketplace Shopping Center an appraisal is required to be completed by the Village prior to making an offer to acquire under Wisconsin Eminent Domain law. Attached is a proposal for said appraisal from Valbridge at a cost of $12,000. Valbridge is a highly qualified firm that specializes in appraising commercial real estate and eminent domain related appraisals. They are available to begin the work this month and the Village has used them previously for an appraisal of the former First Citizen’s site. Staff found their previous work to be excellent. The cost of that earlier effort was $10,500 which is in line with the current proposal given the larger parcel and building size at the Marketplace. Recommended Motion: A motion to approve the services agreement. 12660 W. NORTH AVENUE, SUITE 10 BROOKFIELD, WISCONSIN 53005 (262) 782-7990 VALBRIDGE.COM ©2026 VALBRIDGE PROPERTY ADVISORS | MILWAUKEE 1 Valbridge Property Advisors | Milwaukee Valuation Services Agreement June 22, 2026 Mr. Tyler Burkart Village Manager Village of Brown Deer 4800 W Green Brook Drive Brown Deer, WI 53223 Re: Appraisal of the Marketplace of Brown Deer at 9120-9140 N. Green Bay Road in the Village of Brown Deer, Milwaukee County, WI 53223 Tax Parcels 0279000027 and 0279000029 Dear Mr. Burkart: Valbridge Property Advisors | Milwaukee is pleased to present the following proposal . The Village of Brown Deer is considering acquiring the referenced properti es as part of redevelopment efforts in the area. Two separate appraisals would be provided. The primary property involves tax parcel 0279000027, a Pick ‘n Save anchored retail center on approximately 15 acres at 9124-9200 N. Green Bay Road. The second parcel involves 0279000029, a vacant outlot formerly improved with a McDonalds at 9120 N. Green Bay Road. This letter, together with the attached Standard Terms and Conditions , will form our agreement for services regarding the subject property (“Agreement”). If this Agreement is acceptable, please sign the letter below, or have an authorized person affiliated with your organization sign. Please retain a copy for your records and return a signed copy to us, along with any specified retainer. We look forward to working with you on this assignment. Specifications of the Appraisal Client Name: Village of Brown Deer (“Client”) June 22, 2026 ©2026 VALBRIDGE PROPERTY ADVISORS | MILWAUKEE 2 Subject(s): 9020 N. Green Bay Road, Parcel No. 0279000029 9124-9200 N. Green Bay Road, Parcel No. 0279000027 Brown Deer, WI 53223 Property Type: One section of a retail center and a site of a former McDonald’s Interest to be Valued: Fee Simple Intended Use: Eminent Domain / Condemnation Intended User(s): Village of Brown Deer The appraisals will be for sole use and benefit of the Client and identified intended user(s). No other users are intended or authorized, and no other parties should use or rely on the appraisal or any content in the appraisal report for any purpose without the written consent of Valbridge Property Advisors | Milwaukee. Type(s) of Value: Market Value The definition of the type of value will be stated in the report. Valbridge Property Advisors | Milwaukee is not responsible for determining whether the type of value stated for this assignment is appropriate for Client’s intended use, as that determination may be a legal matter or the subject of Client’s internal requirements. An “as is” value is not a predi ction of any future value or a representation of the price the property may be sold for in distress or foreclosure. If a different type of value is nec essary, please inform us prior to executing this Agreement. Date(s) of Value: TBD - Current June 22, 2026 ©2026 VALBRIDGE PROPERTY ADVISORS | MILWAUKEE 3 Valbridge Property Advisors | Milwaukee is not responsible for determining whether the date of value requested by Client is appropriate for Client’s intended use, as that determination may be a legal matter. Anticipated Scope of Work: Valuation Approach(es): All Applicable Approaches Level of Inspection: In-person site visit Hypothetical Conditions, Special/Extraordinary Assumptions: Approved Hypothetical Conditions; Extraordinary Assumptions may be added if needed during development of the appraisal and, if applicable, will be disclosed in the report. Report Option and Format: Appraisal Report Delivery Date: 6 Weeks from Authorization and R eceipt of Property Information Valbridge Property Advisors | Milwaukee will use its best efforts to deliver the appraisal report no later than such date. Delivery of the report is contingent on Valbridge Property Advisors | Milwaukee’s timely receipt of information and documentation from Client and other parties, as well as access to the property if necessary for the scope of work. In the event of a delay, Valbridge Property Advisors | Milwaukee will inform Client as soon as reasonably practicable. Prior Services Regarding Subject Property (USPAP Disclosure): The undersigned has not performed services, as an appraiser or in any other capacity, regarding the property that will be the subject of this report within the three -year period immediately preceding this agreement. Appraisal Fee: $12,000 Retainer Fee $0 Payment Terms: Payment due upon Client's receipt of the report If the client requests a draft, payment is due upon delivery of the draft. The balance of the professional fees is due upon completion. Interest to accrue at 1.0% per month (12.0% annum) on all amounts not paid within 30 days. Additional June 22, 2026 ©2026 VALBRIDGE PROPERTY ADVISORS | MILWAUKEE 4 professional fees incurred for time committed subsequent to the production of the Final Report, will be billed separately. Should additional consulting services, such as additional analysis or testimony work, be requested or required, we will charge based on hourly rates for the additional time. The current hourly rate for additional valuation consulting services by S. Steven Vitale, MAI, SGA and Matthew Gehrke, MAI is $250.00 per hour plus out of pocket expenses. The current hourly rate for litigation consulting services by S. Steven Vitale, MAI, SGA and Matthew Gehrke, MAI is $3 50.00 per hour plus out of pocket expenses. Appraisal staff are billed at lower rates. We will furnish a pdf copy of the report. Bound hard copies are available at a cost of $25.00 per copy. Make Checks Payable To: Send Payment To: Vitale Realty Advisors, LLC 12660 W. North Avenue, Suite 10 Brookfield, WI 53005 Please reference the appraised property address with payment. If ACH is preferred, please request instructions Property Documentation. Client agrees to provide accurate documentation and information as requested by Valbridge Property Advisors | Milwaukee to complete the appraisal. Delays in receipt of the documentation or in property access may result in Valbridge Property Advisors | Milwaukee being unable to deliver the appraisal report on the agreed-upon delivery date. Information Request List Basic Information: Proposed Construction/Capital Improvements: Current Listing Information  Construction Cost Breakdown  Current Agreement To Purchase  Cost to Complete Construction  Boundary Survey or Site Plan  Proposed Building Plans & Specifications  Any Environmental Report(s)  Builder/Developer Contact Information  List and cost of major repairs/upgrades performed in the past 24 to 36 months  List and cost, contractor bids, or budgets for any proposed additions or renovations  June 22, 2026 ©2026 VALBRIDGE PROPERTY ADVISORS | MILWAUKEE 5 Improved Property: Income Producing Properties: Building Plans and Specs  Leasing Broker Contact Information  Building Sketch / Drawing  Asking Rent for Vacant Spaces  Gross Building / Net Rentable Areas  Past 3-year operating statements  Other  Current Rent Roll  Copies of all leases or lease abstracts  Annual Property/Casualty insurance premium (actual or budgeted)  For Multi-Family Properties: Unit Mix with Rents and Unit Size  Quoted Rents for each Unit Type  Other Income  3-Year Historic Vacancy  Other Information:    Standard T erms and Conditions and Assumptions/Limiting Conditions. The services performed under this Agreement will be subject to the attached Standard Terms and Conditions, which are incorporated into and form a material part of this Agreement. Each appraisal will also be subject to the assumptions and limiting conditions stated within the report. The fee and timing terms included in this proposed engagement letter are valid for three business days from the date of this letter. If the client executes this engagement after three days, Valbridge Property Advisors shall have the discretion to contact the client within one business day to present a revised fee and/or timing quote. By: Vitale Realty Advisors, LLC, d.b.a. Valbridge Property Advisors | Milwaukee S. Steven Vitale, MAI, SGA Senior Managing Director Wisconsin Certified General Appraiser License #506-10, Expires 12-14-2027 svitale@valbridge.com Dated: June 22, 2026 June 22, 2026 ©2026 VALBRIDGE PROPERTY ADVISORS | MILWAUKEE 6 Agreed and accepted on behalf of Client: By: Client Name: Title: Dated: Please provide: Information/Data Contact: Phone: E-Mail: Property Inspection Contact: Phone E-Mail June 22, 2026 ©2026 VALBRIDGE PROPERTY ADVISORS | MILWAUKEE 7 STANDARD TERMS AND CONDITIONS FOR SERVICES AGREEMENT 1. “Personnel.” When capitalized, the term “Personnel” refers to all employees, partners, owners, shareholders, members, officers, directors or independent contractors of the respective party. 2. Responsibility for Services. Valbridge Property Advisors | Milwaukee is solely responsible for the services provided under this Agreement and the work product of its appraisers. Valbridge Property Advisors | Milwaukee is an independently owned and operated franchisee member firm of Valbridge Property Advisors Franchising System, LLC, which is a subsidiary of Valbridge Property Advisors, Inc. (both collectively referred to below as “VPA”). VPA and its subsidiaries (including Valbridge Property Advisors Franc hising System, LLC, Data Appraise Systems, LLC, and Valbridge Property Advisors Data Solutions, LLC) do not perform valuation services, are not being engaged to provide any services under this Agreement and have no responsibility concerning or liability for the services of Valbridge Property Advisors | Milwaukee or any appraisal or other work product. 3. Appraisal Fee Changes. The appraisal fee is based on an understanding of the assignment as outlined in the specifications for the appraisal. Changes in the scope of work or unanticipated matters concerning the property may result in a higher fee and will be billed at Valbridge Property Advisors | Milwaukee’s regular hourly rates. If Client places the assignment “on hold” and then reactivates the assignment, an additional charge may apply due to the inefficiency created. If Client cancels the assignment prior to completion, Client agrees to pay for Valbridge Property Advisors | Milwaukee’s costs and time incurred at its regular hourly rates prior to its receipt of written notice of such cancellation. 4. Services Performed on an Hourly Basis. If this assignment includes a provision for services performed on an hourly billing basis, the hourly rates for such services are subject to periodic adjustment to current rates. Valbridge Property Advisors | Milwaukee will provide 30 days’ notice to Client prior to any rate increases. If Client chooses not to consent to the increased rates, Client may terminate the Agreement by written notice effective when received by Valbridge Property Advisors | Milwaukee. If this assignment includes a provision for services performed on an hourly billing basis, Client acknowledges that Valbridge Property Advisors | Milwaukee has not committed to any total fee amount to be incurred by Client under this Agreement. 5. Intended Users and Uses of Appraisal. In accordance with applicable professional appraisal standards, each appraisal report will identify the client, any additional intended users, and the intended use(s) of the appraisal. Valbridge Property Advisors | Milwaukee shall have no responsibility, obligation or liability to any party who is not identified as the client or as an additional intended user in the appraisal report or for any uses of an appraisal that are not identified in the report. Any party who is not the client or an intended user is not entitled to use or rely on the appraisal without the express written consent of Valbridge Property Advisors | Milwaukee, notwithstanding that such a party may receive a copy of the report for compliance or informational purposes. 6. Independence of Appraisal Services. The services performed under this Agreement will be delivered in a manner that is independent, impartial and objective. Valbridge Property Advisors | Milwaukee’s fees and Client’s obligation to pay are not contingent on the value of the property, any other assignment results, the funding of any loan, or the outcome of any dispute or litigation. Any opinions expressed about the potential outcome of a matter or ca se are not guarantees of the outcome. 7. Confidentiality. Valbridge Property Advisors | Milwaukee and its Personnel will comply with all confidentiality duties imposed by applicable law and professional standards. Client agrees that Valbridge Property Advisors | Milwaukee may disclose the appraisal report, assignment results and other information relating to an appraisal, including information which may be considered confidential under applicable professional standards, to third parties as required by law or as necessary for compliance with professional standards. Client further consents to and authorizes Valbridge Property Advisors | Milwaukee to disclose the appraisal report, assignment results and other information relating to an appraisal, including information which may be considered confidential under applicable professional standards, as reasonably June 22, 2026 ©2026 VALBRIDGE PROPERTY ADVISORS | MILWAUKEE 8 necessary to defending or responding to threatened or actual legal or regulatory actions or for insurance coverage of such matters. 8. Testimony in Court or Other Proceedings. Unless otherwise stated in this Agreement, Client agrees that Valbridge Property Advisors | Milwaukee’s engagement under this Agreement does not include Valbridge Property Advisors | Milwaukee’s or its Personnel’s participation in or preparation for any oral or written testimony in a judicial, arbitration or administrative proceeding; or attendance at any judicial, arbitration or administrative proceeding relating to this assignment. Client will not designate or disclose Valbridge Property Advisors | Milwaukee or any of its Personnel as an expert witness in any court, arbitration or other proceeding without the prior written consent of Valbridge Property Advisors | Milwaukee. 9. Subpoenas and Testimony. In the event that Valbridge Property Advisors | Milwaukee or any of its Personnel is compelled by subpoena or other legal or administrative process to provide testimony or produce documents relating to the appraisal or services under this Agreement, whether in court, deposition, arbitration or any other proceeding, Valbridge Property Advisors | Milwaukee shall provide notice thereof to Client and Client agrees that Valbridge Property Advisors | Milwaukee or any of its Personnel may disclose such information as required to comply with such process and to compensate Valbridge Property Advisors | Milwaukee for the reasonable time incurred in connection with preparation for and provision of such testimony and/or documents at Valbridge Property Advisors | Milwaukee’s rates in effect at that time and reimburse its reasonable actual expenses. 10. Withdrawal Prior to Completion. Valbridge Property Advisors | Milwaukee may terminate its rendition of services for the assignment(s) contemplated under this Agreement and withdraw without penalty or liability before completion or reporting of the appraisal in the event that it determines, at its sole discretion, that incomplete information was provided to Valbridge Property Advisors | Milwaukee prior to the engagement, that Client or other parties have not or cannot provide documentation or information necessary to Valbridge Property Advisors | Milwaukee’s analysis or reporting, that conditions of the subject property render the original anticipated scope of work inappropriate, that Valbridge Property Advisors | Milwaukee becomes aware that a conflict of interest has arisen, or that Client has not complied with its payment obligations under this Agreement. 11. Third-Party Beneficiaries of Agreement. The Personnel of Valbridge Property Advisors | Milwaukee, VPA, its subsidiaries and their Personnel, and each franchisee and licensee of VPA assisting or providing any services in connection with the services to be provided under this Agreement and each of such franchisee’s and licensee’s Personnel (each a “Third-Party Beneficiary”) shall each be an express third -party beneficiary of this Agreement and entitled to all of the rights and protections of and applicable to Valbridge Property Advisors | Milwaukee, and the limitations applicable to the Client, set forth herein (including, without limitation, the provisions regarding Intended Users and Uses of Appraisal, Maximum Time Period for Legal Actions, Mutual Limitations of Liability, Indemnification, Subpoenas and Testimony, Unauthorized Use or Publication, No Responsibility for Certain Conditions and Arbitration). Without limiting the foregoing, although VPA and its subsidiaries will provide no services under this Agre ement, in the event of any legal claim or dispute, the following protections and limitations shall apply for the benefit of each Third-Party Beneficiary: Responsibility for Services, Intended Users and Uses of Appraisal, Maximum Time Period for Legal Actio ns, Mutual Limitations of Liability, Indemnification, Subpoenas and Testimony, No Responsibility for Certain Conditions and Arbitration, and no waiver, modification or amendment of such provisions shall apply to any Third-Party Beneficiary, unless such waiver, modification or amendment is in writing and executed by such Third-Party Beneficiary. There are no other third-party beneficiaries of this Agreement or the services performed under this Agreement. 12. No Unauthorized Use or Publication. No part of an appraisal report or the opinions or conclusions stated in a report may be published or used in any advertising materials, property listings, investment offerings or prospectuses, or securities filings or statements without Valbridge Property Advisors | Milwaukee’s prior written authorization. If Client publishes or uses the report or Valbridge Property Advisors | Milwaukee’s work product without such authorization or provides the report or other work product for unauthorized use or publication, Client agrees to indemnify and hold Valbridge Property Advisors | Milwaukee and its Personnel harmless from and against all damages, liabilities, losses, June 22, 2026 ©2026 VALBRIDGE PROPERTY ADVISORS | MILWAUKEE 9 causes of actions, expenses, claims and costs, including attorneys' fees, incurred in the investigation and/or defense of any claim arising from or in any way connected to the unauthorized use or publication. 13. No Responsibility for Certain Conditions. Notwithstanding that a report may comment on, analyze or assume certain conditions, unless otherwise stated in the report, Valbridge Property Advisors | Milwaukee and its Personnel shall have no responsibility for investigating and shall have no responsibility or liability for matters pertaining to: (a) title defects, liens or encumbrances affecting the property; (b) flood zones, earthquake zones, surveys, property lines or boundaries pertaining to the property; (c) the property’s compliance with local, state or federal zoning, planning, building, occupancy permits, dis ability access, life safety and environmental laws, regulations and standards; (d) building permits and planning approvals for improvements on the property; (e) structural or mechanical soundness or safety; (f) contamination, mold, pollution, asbestos, storage tanks, subsoil conditions, animal or vermin infestations and hazardous conditions affecting the property; and (f) other conditions and matters for which real estate appraisers are not customarily deemed to have professional expertise. Unless otherwise noted, the appraisal will value the property as though free of pollution, hazardous materials or other contamination of any kind. Valbridge Property Advisors | Milwaukee will conduct no hazardous materials or contamination inspection of any kind. 14. Maximum Time Period for Claims and Proceedings. Unless the time period is shorter under applicable law and except for claims for indemnification pursuant to Section 19, each claim, cause of action, or other proceeding concerning or relating to this Agreement, or the services or the results of the services provided hereunder (each being a “Claim”) between Client and Valbridge Property Advisors | Milwaukee shall be filed (whether in court or in an applicable arbitration tribunal), within two (2) years from the date of delivery to Client of the appraisal report to which the claims or causes of action relate or, in the case of acts or conduct after delivery of the report, two (2) years from the date of the alleged acts or conduct. The time period stated in this section shall: (a) not be extended by any delay in the discovery or accrual of the underlying claims, causes of action or damages, and (b) apply to all non-criminal claims or causes of action of any type, except for intentional fraud or intentionally wrongful conduct. 15. Mutual Limitations of Liability. Professional standards for the performance of real estate appraisals require that appraisers perform their services independently, impartially, and objectively. Clients and other users of appraisals often have separate legal or regulatory obligations imposed on them in relation to the appraisal process. The provisions of this section are designed to assure that an appraiser can render appraisal services in compliance with professional standards for reasonable compensation and to assure that clients and users can comply freely with their own professional and legal obligations, and any modifications hereof must be in writing and signed by the parties. a. Limitations of Liability. To the fullest extent permitted by applicable law, the maximum liability of Valbridge Property Advisors | Milwaukee and its Personnel to Client or to any third-party (regardless of whether such party’s claimed use or reliance on the appraisal was authorized by Appraiser) and of Client to Valbridge Property Advisors | Milwaukee for any Claim shall be limited to the total compensation actually paid to Valbridge Property Advisors | Milwaukee for the appraisal or other services that are the subject of the Claim. This limitation of liability extends to all types of Claims, whether in contract or tort, but excludes: (i) claims/causes of action for intentionally fraudulent or criminal conduct, intentionally caused injury, or unauthorized use or publication of the appraisal or work product or (ii) claims/causes of action by Valbridge Property Advisors | Milwaukee for the collection of unpaid compensation for the appraisal or other services (for which the maximum recovery shall be the total amount unpaid and owing to Valbridge Property Advisors | Milwaukee, plus applicable interest and late charges), or (iii) claims, causes of action, or other proceedings by Valbridge Property Advisors | Milwaukee or its Personnel against Client in accordance with Section 19 (each an “Indemnification Claim”), or for publication of any report other than as may be expressly permitted by this Agreement (each a “Publication Claim”). b. No Special or Consequential Damages. Except in the case of an Indemnification Claim or a Publication Claim, neither Valbridge Property Advisors | Milwaukee/its Personnel nor Client shall be liable to one another or to any third party (regardless of whether such party’s claimed use or reliance on the appraisal was authorized by Appraiser) claiming by or through any of them or as a result of an appraisal or the matters set forth in this June 22, 2026 ©2026 VALBRIDGE PROPERTY ADVISORS | MILWAUKEE 10 Agreement for special or consequential damages, including, without limitation, loss of profits, prospective business opportunities, or damages caused by loss of use of any property, regardless of whether arising from negligence or a breach of this Agreement or otherwise, and regardless of whether a party was advised or knew of the possibility of such damages. c. Application to Other Parties. The limitations of liability in this section shall also apply to Claims against a Third - Party Beneficiary. 16. No Assignment of Claims. No rights under this Agreement and no Claim may be assigned by any party, except: (i) if set forth in the scope of services or (ii) with regard to the collection of a bona fide existing debt for payment for the services. 17. Internal Compliance Reviews. The appraisal or other work product and files may be disclosed to and subject to evaluation by Valbridge Property Advisors, Inc. for internal compliance purposes. Such evaluations do not establish any responsibility to Client or any other parties. Client consents to disclosure of information relating to the appraisal for that purpose. 18. Arbitration. Except for the Claims described hereinbelow, each Claim shall be resolved by binding arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator( s) may be entered in any court having jurisdiction thereof. The place of arbitration shall be a mutually agreed location within the state in which the subject property is located. This arbitration requirement shall not apply to any Indemnifica tion Claim, Publication Claim, or any Claim for monetary damages under $5,000, or for collection of amounts due pursuant to this Agreement and not timely or fully paid. 19. Indemnification. Client will defend, indemnify and hold Valbridge Property Advisors | Milwaukee and its Personnel (each being an “ Indemnified Party ”) harmless from and against any liabilities, damages, obligations, costs, and expenses (including attorneys’ fees) arising out of or suffered by an Indemnified Party from or in connection with any claim, cause of action, or other proceeding brought by a t hird party (a “Third-Party Action”) where such Third -Party Action arises in connection with, results from, or is based in whole or in part upon: (a) publication of the appraisal report or all or any part of its content in a manner inconsistent with the terms of this Agreement, (b) use or reliance on the appraisal by a person, entity, or association not identified as an intended user, unless Valbridge Property Advisors | Milwaukee has consented in writing to adding such person as an intended user, (c) Client’s provision of inaccurate information or documentation, (d) Client’s provision of an incomplete copy of the appraisal report to any person, entity, or association, or (e) Client’s use or provision of the appraisal for a purpose other than its identified intended use. 20. Governing Law and Jurisdiction. This Agreement and each Claim shall be governed by the law of the state in which Valbridge Property Advisors | Milwaukee’s office performing the assignment is located, exclusive of that state’s choice of law rules. Client and Valbridge Property Advisors | Milwaukee agree that, except for Indemnification Claims and Publication Claims, each Claim and each legal proceeding to enforce an arbitration award entered pursuant to the arbitration provision of this Agreement, shall be brought in a state or federal court having jurisdiction over the location of the Valbridge Property Advisors | Milwaukee’s office performing the assignment, and the parties hereby waive any objections to the personal jurisdiction or venue of such court. 21. Severability. If any provision of this Agreement is held, in whole or part, to be void, unenforceable, or invalid for any reason, the remainder of that provision and the remainder of the entire Agreement shall be severable and remain in full force and effect. 22. Execution of Agreement. Execution of this Agreement and delivery of an executed copy by any party by electronic means will be as effective as delivery of a manually executed copy by such party. In the event that any or all off services described in this Agreement are performed a t Client’s request or direction, but prior to or without Client’s execution of the Agreement, the terms and conditions of this Agreement, including Client’s obligation to pay, shall still apply. 23. Entire Agreement and Modifications. This Agreement contains the entire agreement of the parties. No other agreement, statement or promise made on or before the effective date of this agreement will be binding on the parties. This Agreement may only be modified by a subsequent agreement of the parties in writing signed by all the parties. 24. Survival. Sections 2, 5 through 10, and 12 through 23 of these Terms and Conditions shall survive and continue to be applicable after completion of the services described herein. - 1 - \\bdg-p -fs-01\groups\Committees\VB\Packets\2026\07.06.2026\DonutMonster_VB.doc REQUEST FOR CONSIDERATION COMM ITTEE CONSIDERATION: Village Board ITEM DESCRIPTION: Review and Possible Approval of an Offer to Purchase from Atwood LLC for 8725 N. Deerwood Drive PREPARED BY: Nate Piotrowski, Development Director REPORT DATE: July 1, 2026 BACKGROUND: Atwood LLC (bda Donut Monster/Brute Pizza) has submitted an offer to acquire the Village owned building in Community Square, and adjacent land (see attached CSM) at 8725 N. Deerwood Drive. The offer is for $425,000 with a closing in early fall of this year. The buyers plan to operate a bakery and pizza restaurant and add a commercial kitchen to the building. An addendum to the offer was prepared and is also included in the packet. The addendum describes a minimum guaranteed assessed value of $750,000 through the remaining life of TID #4, an opportunity for the Village to purchase the building back should new ownership look to sell at some point in the future and a waiver of all Village permit fees (does not include North Shore Fire/Health and E-Plan exam). The property would still need to be rezoned from P-Park to PD - Planned Development and a development agreement reviewed and approved to authorize the proposed bakery and pizza restaurant. Recommended Motion: A motion to approve the offer to purchase. Approved by the Wisconsin Real Estate Examining Board 7-1-24 (Optional Use Date) 8-15-24 (Mandatory Use Date) Page 1 of 12, WB-15 WB-15 COMMERCIAL OFFER TO PURCHASE [DATE] IS (AGENT OF BUYER) STRIKE THOSE NOT APPLICABLE 3 The Buyer, , 4 offers to purchase the Property known as 5 6 [e.g., Street Address, Parcel Number(s), legal description, or insert additional description, if any, at lines 625- 7 642, or attach as an addendum per line 668] in the of , County 8 of Wisconsin, on the following terms: 9 PURCHASE PRICE The purchase price is 10 Dollars ($ ). 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 20-23), and the following additional items: 13 14 15 16 All personal property included in purchase price will be transferred by bill of sale or 17 NOTE: The terms of this Offer, not the listing contract or marketing materials, determine what items are included 18 or not included. 19 NOT INCLUDED IN PURCHASE PRICE Not included in purchase price is Seller’s personal property (unless included at 20 lines 12-15) and the following: 21 22 23 . 24 CAUTION: Identify trade fixtures owned by tenant, if applicable, and Fixtures that are on the Property (see lines 26- 25 34) to be excluded by Seller or that are rented and will continue to be owned by the lessor. 26 “Fixture” is an item of property which is physically attached to or so closely associated with land or improvements so as to 27 be treated as part of the real estate, including, without limitation, physically attached items not easily removable without 28 damage to the premises, items specifically adapted to the premises and items customarily treated as fixtures, including, but 29 not limited to, all: garden bulbs; plants; shrubs and trees; screen and storm doors and windows; electric lighting fixtures; 30 window shades; curtain and traverse rods; blinds and shutters; central heating and cooling units and attached equipment; 31 water heaters and treatment systems; sump pumps; attached or fitted floor coverings; awnings; attached antennas; garage 32 door openers and remote controls; installed security systems; central vacuum systems and accessories; in-ground sprinkler 33 systems and component parts; built-in appliances; ceiling fans; fences; storage buildings on permanent foundations and 34 docks/piers on permanent foundations. A Fixture does not include trade fixtures owned by tenants of the Property. 35 CAUTION: Exclude Fixtures not owned by Seller such as rented fixtures. See lines 20-23. 36 This Offer is binding upon both Parties only if a copy of the accepted Offer is delivered to BuyerBINDING ACCEPTANCE 37 on or before . Seller may keep the Property 38 on the market and accept secondary offers after binding acceptance of this Offer. 39 CAUTION: This Offer may be withdrawn prior to delivery of the accepted Offer. 40 ACCEPTANCE Acceptance occurs when all Buyers and Sellers have signed one copy of the Offer, or separate but identical copies of the Offer.41 42 CAUTION: Deadlines in the Offer are commonly calculated from acceptance. Consider whether short term 43 deadlines running from acceptance provide adequate time for both binding acceptance and performance. 44 CLOSING This transaction is to be closed on 45 at the place selected by Seller, 46 unless otherwise agreed by the Parties in writing. If the date for closing falls on Saturday, Sunday, or a federal or a state 47 holiday, the closing date shall be the next Business Day. 48 CAUTION: To reduce the risk of wire transfer fraud, any wiring instructions received should be independently 49 verified by phone or in person with the title company, financial institution, or entity directing the transfer. The real 50 estate licensees in this transaction are not responsible for the transmission or forwarding of any wiring or money 51 transfer instructions. 52 EARNEST MONEY 53 EARNEST MONEY of $ accompanies this Offer. 54 If Offer was drafted by a licensee, receipt of the earnest money accompanying this Offer is acknowledge d. 55 EARNEST MONEY of $ will be mailed, or commercially, electronically 56 or personally delivered within days (“5” if left blank) after acceptance. Phone: Fax: Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com Colliers International 1 LICENSEE DRAFTING THIS OFFER ON July 7, 2026 2 (AGENT OF SELLER/LISTING FIRM) (AGENT OF BUYER AND SELLER) Donut Monster, LLC or assigns 8725 N. Deerwood Dr. Village Brown Deer Milwaukee Four Hundred Twenty-Five Thousand 425,000.00 All furniture, fixtures and equipment as currently situated on the premises. N/A July 13, 2026 September 7th, 2026 10,000.00 5 Colliers International 833 E. Michigan Street Milwaukee, WI 53202 4142786813 8725 N. Deerwo Dan Wroblewski Page 2 of 12, WB-15Property Address: 57 All earnest money shall be delivered to and held by (listing Firm) (drafting Firm) (other identified as 58 ) STRIKE THOSE NOT APPLICABLE 59 (listing Firm if none chosen; if no listing Firm, then drafting Firm; if no Firm then Seller). 60 CAUTION: If a Firm does not hold earnest money, an escrow agreement should be drafted by the Parties or an 61 attorney as lines 64-84 do not apply. If someone other than Buyer pays earnest money, consider a special 62 disbursement agreement. 63 THE BALANCE OF PURCHASE PRICE will be paid in cash or equivalent at closing unless otherwise agreed in writing. 64 DISBURSEMENT IF EARNEST MONEY HELD BY A FIRM: If negotiations do not result in an accepted offer and the 65 earnest money is held by a Firm, the earnest money shall be promptly disbursed (after clearance from payer's depository 66 institution if earnest money is paid by check) to the person(s) who paid the earnest money. At closing, earnest money shall 67 be disbursed according to the closing statement. If this Offer does not close, the earnest money shall be disbursed according 68 to a written disbursement agreement signed by all Parties to this Offer. If said disbursement agreement has not been 69 delivered to the Firm holding the earnest money within 60 days after the date set for closing, that Firm may disburse the 70 earnest money: (1) as directed by an attorney who has reviewed the transaction and does not represent Buyer or Seller; 71 (2) into a court hearing a lawsuit involving the earnest money and all Parties to this Offer; (3) as directed by court order; (4) 72 upon authorization granted within this Offer; or (5) any other disbursement required or allowed by law. The Firm may retain 73 legal services to direct disbursement per (1) or to file an interpleader action per (2) and the Firm may deduct from the 74 earnest money any costs and reasonable attorneys’ fees, not to exceed $250, prior to disbursement. 75 LEGAL RIGHTS/ACTION: The Firm’s disbursement of earnest money does not determine the legal rights of the Parties 76 in relation to this Offer. Buyer's or Seller's legal right to earnest money cannot be determined by the Firm holding the earnest 77 money. At least 30 days prior to disbursement per (1), (4) or (5) above, where the Firm has knowledge that either Party 78 disagrees with the disbursement, the Firm shall send Buyer and Seller written notice of the intent to disburse by certified 79 mail. If Buyer or Seller disagrees with the Firm’s proposed disbursement, a lawsuit may be filed to obtain a court order 80 regarding disbursement. Small Claims Court has jurisdiction over all earnest money disputes arising out of the sale of 81 residential property with one-to-four dwelling units. Buyer and Seller should consider consulting attorneys regarding their 82 legal rights under this Offer in case of a dispute. Both Parties agree to hold the Firm harmless from any liability for good 83 faith disbursement of earnest money in accordance with this Offer or applicable Department of Safety and Professional 84 Services regulations concerning earnest money. See Wis. Admin. Code Ch. REEB 18. 85 TIME IS OF THE ESSENCE “Time is of the Essence” as to: (1) earnest money payment(s); (2) binding acceptance; (3) 86 occupancy; (4) date of closing; (5) contingency Deadlines STRIKE AS APPLICABLE and all other dates and Deadlines in 87 this Offer except: 88 . If “Time is of the Essence” applies to a date or Deadline, 89 failure 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 90 or Deadline, then performance within a reasonable time of the date or Deadline is allowed before a breach occurs. 91 PROPERTY CONDITION REPRESENTATIONS Seller represents to Buyer that as of the date of acceptance Seller has 92 no notice or knowledge of Conditions Affecting the Property or Transaction (lines 104-173) other than those identified in 93 Seller's disclosure report dated and a Real Estate Condition Report, if applicable, dated , which was/were received by Buyer prior to Buyer signing this Offer and which is/are made a part of this94 95 offer by reference COMPLETE DATE OR STRIKE AS APPLICABLE and 96 97 98 INSERT CONDITIONS NOT ALREADY INCLUDED IN THE DISCLOSURE OR CONDITION REPORT(S). 99 CAUTION: If the Property includes 1-4 dwelling units, a Real Estate Condition Report containing the disclosures 100 provided in Wis. Stat. § 709.03 may be required. Excluded from this requirement are sales of property that has 101 never been inhabited, sales exempt from the real estate transfer fee, and sales by certain court-appointed 102 fiduciaries, for example, personal representatives, who have never occupied the Property. Buyer may have 103 rescission rights per Wis. Stat. § 709.05. 104 “Conditions Affecting the Property or Transaction” are defined to include: 105 a. Defects in the structure or structural components on the Property, e.g. roof, foundation (including cracks, seepage, and 106 bulges), basement or other walls. 107 b. Defects in mechanical systems, e.g. HVAC (including the air filters and humidifiers), electrical, plumbing, septic, wells, 108 fire safety, security or lighting. 109 c. Defects in a well on the Property or in a well that serves the Property, including unsafe well water, a joint well serving 110 the Property or any Defect related to a joint well serving the Property. d. Water quality issues caused by unsafe concentrations of or unsafe conditions relating to lead.111 112 e. Defects in septic system or other private sanitary disposal system on or serving the Property or any out-of-service 113 septic system serving the Property not closed or abandoned according to applicable regulations. 114 f. Underground or aboveground storage tanks presently or previously on the Property for storage of flammable or 115 combustible liquids, including but not limited to gasoline and heating oil, or any Defects in such tanks presently or previously 116 on the Property; LP tanks on the Property or any defects in such LP tanks. 117 g. Defect or contamination caused by unsafe concentrations of, or unsafe conditions relating to, lead in paint, lead in soil, Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 8725 N. Deerwood Dr, Brown Deer, WI Title Company 8725 N. Deerwo Property Address: Page 3 of 12, WB-15 118 presence of asbestos or asbestos-containing materials, radon, radium in water supplies, mold, pesticides or other potentially 119 hazardous or toxic substances on the Property. 120 h. Manufacture of or spillage of methamphetamine (meth) or other hazardous or toxic substances on the Property. 121 i. Zoning or building code violations, any land division involving the Property for which required state or local permits had 122 not been obtained, nonconforming structures or uses, conservation easements. 123 j. Special purpose district, such as a drainage district, lake district, sanitary district or sewer district, that has the authority 124 to impose assessments against the real property located within the district. 125 k. Proposed, planned or commenced construction of public improvements which may result in special assessments or 126 otherwise materially affect the Property or the present use of the Property. 127 l. Federal, state or local regulations requiring repairs, alterations or corrections of an existing condition, such as orders to 128 correct building code violations. 129 m. Flooding, standing water, drainage problems or other water problems on or affecting the Property. 130 n. Material damage from fire, wind, floods, earthquake, expansive soils, erosion or landslides. 131 o. Nearby airports, freeways, railroads or landfills, or significant odor, noise, water intrusion or other irritants emanating 132 from neighboring property. 133 p. Current or previous termite, powder post beetle, or carpenter ant infestations or Defects caused by animal, reptile, or insect infestations.134 135 q. Property or portion of the Property in a floodplain, wetland or shoreland zoning area under local, state or federal regulations.136 137 r. Property is subject to a mitigation plan required under administrative rules of the department of Natural Resources 138 related to county shoreland zoning ordinances, which obligates the owner of the Property to establish or maintain certain 139 measures related to shoreland conditions and which is enforceable by the county. 140 s. Nonowners having rights to use part of the Property, other than public rights-of-way, including, but not limited to, private 141 rights-of-way and private easements, other than recorded utility easements; lack of legal access or access restrictions; 142 restrictive covenants and deed restrictions; shared fences, walls, wells, driveways, signage or other shared usages; or 143 leased parking. 144 t. Boundary or lot line disputes, encroachments, or encumbrances affecting the Property. 145 u. High voltage electric (100 KV or greater) or steel natural gas transmission lines located on but not directly serving the Property.146 147 v. Structure on the Property designated as a historic building, all or any part of the Property located in a historic district, or burial sites or archeological artifacts on the Property.148 w. All or part of the land has been assessed as agricultural land, the owner has been assessed a use-value conversion149 charge or the payment of a use-value conversion charge has been deferred.150 151 x. All or part of the Property is subject to, enrolled in or in violation of a certified farmland preservation zoning district or a farmland preservation agreement, or a Forest Crop, Managed Forest Law (see disclosure requirements in Wis. Stat. §152 153 710.12), Conservation Reserve or a comparable program. 154 y. A pier is attached to the Property that is not in compliance with state or local pier regulations, a written agreement affecting riparian rights related to the Property; or the bed of the abutting navigable waterway is owned by a hydroelectric155 156 operator. 157 z. A dam is totally or partially located on the Property; or an ownership interest in a dam not located on the Property will be transferred with the Property because the dam is owned collectively by a homeowners’ association, lake district, or158 159 similar group of which the Property owner is a member. 160 aa.Government investigation or private assessment/audit of environmental matters conducted. 161 bb.Presence of or a Defect caused by unsafe concentrations of, unsafe conditions relating to, or the storage of hazardous 162 or toxic substances on neighboring properties. 163 cc. Owner’s receipt of notice of property tax increases, other than normal annual increases, or notice or knowledge of a pending property reassessment, remodeling that may increase the property’s assessed value, or pending special164 165 assessments. 166 dd.Agreements that bind subsequent owners of the property, such as a lease agreement or an extension of credit from an electric cooperative.167 168 ee.Remodeling, replacements, or repairs affecting the Property’s structure or mechanical systems that were done or additions to the Property that were made during the owner’s period of ownership without the required permits.169 170 ff. Rented items located on the Property or items affixed to or closely associated with the Property. 171 gg.Owner is a foreign person as defined in the Foreign Investment in Real Property Tax Act in 26 IRC § 1445(f). 172 hh.Other Defects affecting the Property, including, without limitation, drainage easement or grading problems; or excessive sliding, settling, earth movement or upheavals.173 Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 8725 N. Deerwood Dr, Brown Deer, WI 8725 N. Deerwo Property Address: Page 4 of 12, WB-15 174 PROPOSED USE CONTINGENCIES: This Offer is contingent upon Buyer obtaining, at Buyer’s expense, the reports or 175 documentation required by any optional provisions checked on lines 185-197 below. The optional provisions checked on 176 lines 185-197 shall be deemed satisfied unless Buyer, within days (“30” if left blank) after acceptance, delivers: (1) 177 written notice to Seller specifying those optional provisions checked below that cannot be satisfied and (2) written evidence 178 substantiating why each specific provision referred to in Buyer’s notice cannot be satisfied. Upon delivery of Buyer’s notice, this Offer shall be null and void. Seller agrees to cooperate with Buyer as necessary to satisfy the contingency provisions179 checked at lines 185-197.180 Proposed Use: Buyer is purchasing the Property for the purpose of:181 182 [insert proposed use and type and183 size of building, if applicable; e.g. restaurant/tavern with capacity of 350 and 3 second floor dwelling units].184 ZONING: Verification of zoning and that the Property’s zoning allows Buyer’s proposed use described at lines185 181-183.186 EASEMENTS AND RESTRICTIONS: Copies of all public and private easements, covenants and restrictions187 affecting the Property and a written determination by a qualified independent third party that none of these prohibit or188 significantly delay or increase the costs of the proposed use or development identified at lines 181-183.189 APPROVALS: All applicable governmental permits, approvals and licenses, as necessary and appropriate, or190 the final discretionary action by the granting authority prior to the issuance of such permits, approvals and licenses, for191 192 the following items related to Buyer’s proposed use: 193 or delivering written notice to Seller if the item(s) cannot be obtained or can only be obtained subject to conditions which significantly increase the194 195 cost of Buyer’s proposed use described at lines 181-183. 196 ACCESS TO PROPERTY: Written verification that there is legal vehicular access to the Property from public 197 roads. 198 LAND USE APPROVAL/PERMITS: This Offer is contingent upon (Buyer)(Seller) STRIKE ONE (“Buyer” if neither 199 stricken) obtaining the following, including all costs: a CHECK ALL THAT APPLY: rezoning; conditional use permit; 200 variance; other for the Property for its proposed use described at lines 181-183. 201 Seller agrees to cooperate with Buyer as necessary to satisfy this contingency. Buyer shall deliver, within days of 202 acceptance, written notice to Seller if any item cannot be obtained, in which case this Offer shall be null and void. MAP OF THE PROPERTY: This Offer is contingent upon (Buyer obtaining) (Seller providing) STRIKE ONE (“Seller203 204 providing” if neither is stricken) a survey 205 (ALTA/NSPS Land Title Survey if survey type is not specified) dated subsequent to the date of acceptance of this Offer and 206 prepared by a registered land surveyor, within days (“30” if left blank) after acceptance, at (Buyer's) 207 (Seller's) STRIKE ONE (“Seller’s” if neither is stricken) expense. The map shall show minimum of acres, 208 maximum of acres, the legal description of the Property, the Property's boundaries and dimensions, visible 209 encroachments upon the Property, the location of improvements, if any, and: 210 . 211 STRIKE AND COMPLETE AS APPLICABLE Additional map features which may be added include, but are not limited to: 212 staking of all corners of the Property; identifying dedicated and apparent streets; lot dimensions; total acreage or square 213 footage; utility installations; easements or rights-of-way. Such survey shall be in satisfactory form and accompanied by any 214 required surveyor's certificate sufficient to enable Buyer to obtain removal of the standard survey exception(s) on the title 215 policy. 216 CAUTION: Consider the cost and the need for map features before selecting them. Also consider the time required 217 to obtain the map when setting the deadline. 218 This contingency shall be deemed satisfied unless Buyer, within 5 days after the deadline for delivery of said map, delivers 219 to Seller a copy of the map and a written notice which identifies: (1) a significant encroachment; (2) information materially inconsistent with prior representations; (3) failure to meet requirements stated within this contingency; or (4) the existence220 221 of conditions that would prohibit the Buyer's intended use of the Property described at lines 181-183. Upon delivery of 222 Buyer’s notice, this Offer shall be null and void. Once the deadline for delivery has passed, if Seller was responsible to provide the map and failed to timely deliver the map to Buyer, Buyer may terminate this Offer if Buyer delivers a written223 224 notice of termination to Seller prior to Buyer’s Actual Receipt of said map from Seller. 225 DOCUMENT REVIEW CONTINGENCY: This Offer is contingent upon Seller delivering the following documents to 226 Buyer within days (“30” if left blank) after acceptance: CHECK THOSE THAT APPLY; STRIKE AS APPROPRIATE 227 Documents evidencing the sale of the Property has been properly authorized, if Seller is a business entity 228 A complete inventory of all furniture, fixtures, equipment and other personal property included in this transaction which 229 is consistent with representations made prior to and in this Offer. 230 Uniform Commercial Code lien search as to the personal property included in the purchase price, showing the Property 231 to be free and clear of all liens, other than liens to be released prior to or at closing. 232 Rent roll. 233 Other 234 Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 8725 N. Deerwood Dr, Brown Deer, WI x Restaurant x 8725 N. Deerwo Property Address: Page 5 of 12, WB-15 235 Additional items which may be added include, but are not limited to: building, construction or component warranties, 236 previous environmental site assessments, surveys, title commitments and policies, maintenance agreements, other contracts relating to the Property, existing permits and licenses, recent financial operating statements, current and future237 238 rental agreements, notices of termination and non-renewal, and assessment notices. All documents Seller delivers to Buyer shall be true, accurate, current and complete. Buyer shall keep all such documents239 confidential and disclose them to third parties only to the extent necessary to implement other provisions of this Offer. Buyer240 shall return all documents (originals and any reproductions) to Seller if this Offer is terminated.241 CONTINGENCY SATISFACTION: This contingency shall be deemed satisfied unless Buyer, within days (“5” if left242 blank) after the deadline for delivery of the documents, delivers to Seller a written notice indicating this contingency has not243 been satisfied. Such notice shall identify which document(s) have not been timely delivered or do not meet the standard set244 forth for the document(s). Upon delivery of such notice, this Offer shall be null and void.245 ENVIRONMENTAL EVALUATION CONTINGENCY: This Offer is contingent upon a qualified independen t246 247 environmental consultant of Buyer’s choice conducting an Environmental Site Assessment of the Property (see lines 27 4- 291), at (Buyer’s) (Seller’s) expense STRIKE ONE (“Buyer’s” if neither is stricken), which discloses no Defects.248 NOTE: “Defect” as defined on lines 523-525 means a condition that would have a significant adverse effect on t he249 250 value of the Property; that would significantly impair the health or safety of future occupants of the Property; or that if not repaired, removed or replaced would significantly shorten or adversely affect the expected normal li fe251 of the premises.252 253 For the purpose of this contingency, a Defect is defined to also include a material violation of environmental laws, a material contingent liability affecting the Property arising under any environmental laws, the presence of an underground storag e254 tank(s) or material levels of hazardous substances either on the Property or presenting a significant risk of contaminating255 256 the Property due to future migration from other properties. Defects do not include conditions the nature and extent of w hich 257 Buyer had actual knowledge or written notice before signing the Offer. CONTINGENCY SATISFACTION: This contingency shall be deemed satisfied unless Buyer, within days (“30” if258 259 left blank) after acceptance, delivers to Seller a copy of the Environmental Site Assessment report and a written notic e 260 listing the Defect(s) identified in the Environmental Site Assessment report to which Buyer objects (Notice of Defects). CAUTION: A proposed amendment is not a Notice of Defects and will not satisfy this notice requiremen t.261 262 RI GHT TO CURE: Seller (shall) (shall not) STRIKE ONE (“shall” if neither is stricken) have a right to cure the Defects. 263 If Seller has the right to cure, Seller may satisfy this contingency b y: 264 (1) delivering written notice to Buyer within (“10” if left blank) days after Buyer's delivery of the Notice of 265 Defects stating Seller’s election to cure Defect s; 266 (2) curing the Defects in a good and workmanlike manner; a nd 267 (3) delivering to Buyer a written report detailing the work done no later than three days prior to closing . 268 This Offer shall be null and void if Buyer makes timely delivery of the Notice of Defects and written Environmental Site 269 Assessment report and: 270 (1) Seller does not have a right to cure; or 271 (2) Seller has a right to cure but: (a) Seller delivers written notice that Seller will not cure; or272 (b) Seller does not timely deliver the written notice of election to cure.273 274 E NVIRONMENTAL SITE ASSESSMENT : An “Environmental Site Assessment” (also known as a “Phase|Site Assessment”) may include, but is not limited to: (1) an inspection of the Property; (2) a review of the ownership and use history of the275 Property, including a search of title records showing private ownership of the Property for a period of 80 years prior to the276 277 visual inspection; (3) a review of historic and recent aerial photographs of the Property, if available; (4) a review of 278 environmental licenses, permits or orders issued with respect to the Property (5) an evaluation of results of any environmental sampling and analysis that has been conducted on the Property; and (6) a review to determine if the Property279 280 is listed in any of the written compilations of sites or facilities considered to pose a threat to human health or the environment 281 including the National Priorities List, the Department of Nature Resources’ (DNR) Registry of Waste Disposal Sites, th e 282 DNR’s Contaminated Lands Environmental Action Network, and the DNR’s Remediation and Redevelopment (RR) Sites 283 Map including the Geographical Information System (GIS) Registry and related resources. Any Environmental Sit e 284 Assessment performed under this Offer shall comply with generally recognized industry standards (e.g. current American 285 Society of Testing and Materials “Standard Practice for Environmental Site Assessments”), and state and federal guidelines, 286 as applicable. CAUTION: Unless otherwise agreed an Environmental Site Assessment does not include subsurface testing of the287 soil or groundwater or other testing of the Property for environmental pollution. If further investigation is required,288 insert provisions for a Phase II Site Assessment (collection and analysis of samples), Phase III Environmental Site289 290 Assessment (evaluation of remediation alternatives) or other site evaluation at lines 625-642 or attach as an 291 addendum per line 668. 292 INSPECTIONS AND TESTING Buyer may only conduct inspections or tests if specific contingencies are included as a 293 part of this Offer. An “inspection” is defined as an observation of the Property, which does not include an appraisal or testing of the Property, other than testing for leaking carbon monoxide, or testing for leaking LP gas or natural gas used as a f uel294 295 source, which are hereby authorized. A “test” is defined as the taking of samples of materials such as soils, water, air o r Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 8725 N. Deerwood Dr, Brown Deer, WI 8725 N. Deerwo Property Address: Page 6 of 12, WB-15 296 building materials from the Property for laboratory or other analysis of these materials. Seller agrees to allow Buyer’s 297 inspectors, testers and appraisers reasonable access to the Property upon advance notice, if necessary, to satisfy the 298 contingencies in this Offer. Buyer or licensees or both may be present at all inspections and testing. Except as otherwise 299 provided, Seller’s authorization for inspections does not authorize Buyer to conduct testing of the Property. 300 NOTE: Any contingency authorizing testing should specify the areas of the Property to be tested, the purpos e of 301 the test (e.g., to determine if environmental contamination is present), any limitations on Buyer's testing and any 302 other material terms of the contingency. 303 Buyer agrees to promptly restore the Property to its original condition after Buyer’s inspections and testing are completed 304 unless otherwise agreed to with Seller. Buyer agrees to promptly provide copies of all inspection and testing repor ts to 305 Seller. Seller acknowledges that certain inspections or tests may detect environmental pollution which may be required to 306 be reported to the Wisconsin Department of Natural Res ources. 307 INSPECTION CONTINGENCY: This contingency only authorizes inspections, not testing (see lines 292-306). 308 (1) This Offer is contingent upon a qualified independent inspector(s) conducting an inspection(s) of the Property w hich 309 discloses no Defects. 310 (2) This Offer is further contingent upon a qualified independent inspector or independent qualified third party performing an 311 an inspection of 312 313 (list any Property feature(s) to be separately inspected, e.g., dumpsite, etc.) which discloses no Defects. 314 (3) Buyer may have follow-up inspections recommended in a written report resulting from an authorized inspection , 315 provided they occur prior to the Deadline specified at line 320. Each inspection shall be performed by a qualified 316 independent inspector or independent qualified third part y. 317 Buyer shall order the inspection(s) and be responsible for all costs of inspection(s). 318 CAUTION: Buyer should provide sufficient time for the primary inspection and/or any specialized inspection(s), a s 319 well as any follow-up inspection(s). 320 This contingency shall be deemed satisfied unless Buyer, within days (“20” if left blank) after acceptance, delive rs 321 to Seller a copy of the inspection report(s) dated after the date on line 1 of this Offer and a written notice listing the Defect(s) 322 identified in the inspection report(s) to which Buyer objects (Notice of Defects). 323 CAUTION: A proposed amendment is not a Notice of Defects and will not satisfy this notice requirement. 324 For the purpose of this contingency, Defects do not include conditions the nature and extent of which Buyer had actu al 325 knowledge or written notice before signing the Off er. 326 NOTE: “Defect” as defined on lines 523-525 means a condition that would have a significant adverse effect on the 327 value of the Property; that would significantly impair the health or safety of future occupants of the Property; or 328 that if not repaired, removed or replaced would significantly shorten or adversely affect the expected normal life 329 of the premises. 330 RIGHT TO CURE: Seller (shall)(shall not) STRIKE ONE (“shall” if neither is stricken) have the right to cure the Defects. 331 If Seller has the right to cure, Seller may satisfy this contingency by: 332 (1) delivering written notice to Buyer within 10 days of Buyer's delivery of the Notice of Defects stating Seller’s election to 333 cure Defects; 334 (2) curing the Defects in a good and workmanlike manner; and 335 (3) delivering to Buyer a written report detailing the work done no later than three days prior to closing. 336 This Offer shall be null and void if Buyer makes timely delivery of the Notice of Defects and written inspection report(s) and: 337 (1) Seller does not have the right to cure; or 338 (2) Seller has the right to cure but: 339 (a) Seller delivers written notice that Seller will not cure; or 340 (b) Seller does not timely deliver the written notice of election to cure. 341 IF LINE 342 IS NOT MARKED OR IS MARKED N/A LINES 392-403 A PPLY. 342 FINANCING COMMITMENT CONTINGENCY: This Offer is contingent upon Buyer being able to obtain a written 343 [loan type or specific lender, if any] first mortgage loan commitment as describe d 344 below, within days after acceptance of this Offer. The financing selected shall be in an amount of not less than 345 $ for a term of not less than years, amortized over not less than years. Initial 346 monthly payments of principal and interest shall not exceed $ . Buyer acknowledges that lender’s 347 required monthly payments may also include 1/12th of the estimated net annual real estate taxes, hazard insura nce 348 premiums, and private mortgage insurance premiums. The mortgage shall not include a prepayment premium. Buyer agrees 349 to pay discount points in an amount not to exce ed % (“0” if left blank) of the loan. If Buyer is using multiple l oan 350 sources or obtaining a construction loan or land contract financing, describe at lines 625-642 or in an addendum attached 351 per line 668. Buyer agrees to pay all customary loan and closing costs, wire fees, and loan origination fees, to prom ptly 352 apply for a mortgage loan, and to provide evidence of application promptly upon request of Seller. Seller agrees to allow 353 lender’s appraiser access to the Property. 354 LOAN AMOUNT ADJUSTMENT: If the purchase price under this Offer is modified, any financed amount, unless otherwise 355 provided, shall be adjusted to the same percentage of the purchase price as in this contingency and the monthly payments 356 shall be adjusted as necessary to maintain the term and amortization stated above. Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 8725 N. Deerwood Dr, Brown Deer, WI 8725 N. Deerwo Property Address: Page 7 of 12, WB-15 357 CHECK AND COMPLETE APPLICABLE FINANCING PROVISION AT LINE 358 or 3 59. 358 %.FIXED RATE FINANCING: The annual rate of interest shall not e xceed 359 ADJUSTABLE RATE FINANCING: The initial interest rate shall not exceed %. The initial interest r ate 360 shall be fixed for months, at which time the interest rate may be increased not mor e than % (“2” if 361 left blank) at the first adjustment and by not more th an % (“1” if left blank) at each subsequent adjustm ent. 362 The maximum interest rate during the mortgage term shall not exceed the initial interest rate plus % (“6” if 363 left blank). Monthly payments of principal and interest may be adjusted to reflect interest chang es. 364 NOTE: If purchase is conditioned on Buyer obtaining financing for operations or development consider adding a 365 contingency for that purpose. 366 SATISFACTION OF FINANCING COMMITMENT CONTINGENCY : If Buyer qualifies for the loan described in this Offer 367 or another loan acceptable to Buyer, Buyer agrees to deliver to Seller a copy of a written loan commitmen t. 368 This contingency shall be satisfied if, after Buyer’s review, Buyer delivers to Seller a copy of a written loan commitment 369 (even if subject to conditions) that is: 370 (1) signed by Buyer; or 371 (2) accompanied by Buyer’s written direction for delivery. 372 Delivery of a loan commitment by Buyer’s lender or delivery accompanied by a notice of unacceptability shall not sa tisfy 373 this contingency. 374 CAUTION: The delivered loan commitment may contain conditions Buyer must yet satisfy to obligate the lender to 375 provide the loan. Buyer understands delivery of a loan commitment removes the Financing Commit ment 376 Contingency from the Offer and shifts the risk to Buyer if the loan is not funded. 377 SELLER TERMINATION RIGHTS : If Buyer does not deliver a loan commitment on or before the Deadline on line 34 4. 378 Seller may terminate this Offer if Seller delivers a written notice of termination to Buyer prior to Seller’s Actual Receipt of 379 written loan commitment from Buyer. 380 FINANCING COMMITMENT UNAVAILABILITY : If a financing commitment is not available on the terms stated in this 381 Offer (and Buyer has not already delivered an acceptable loan commitment for other financing to Seller), Buyer s hall promptly deliver written notice to Seller of same including copies of lender(s)' rejection letter(s) or other evidence of382 unavailability.383 384 SELLER FINANCING: Seller shall have 10 days after the earlier of: (1) Buyer delivery of written notice of evidence of unavailability as noted in lines 380-38 3; or385 (2) the Deadline for delivery of the loan commitment set on line 344386 to deliver to Buyer written notice of Seller's decision to finance this transaction with a note and mortgage under the sam e387 terms set forth in this Offer, and this Offer shall remain in full force and effect, with the time for closing extended accordingly.388 389 If Seller's notice is not timely given, the option for Seller to provide financing shall be considered waived. Buyer agrees to 390 cooperate with and authorizes Seller to obtain any credit information reasonably appropriate to determine Buyer's cred it worthiness for Seller financing.391 392 IF THIS OFFER IS NOT CONTINGENT ON FINANCING COMMITMENT Within days (“7” if left blank) after 393 acceptance, Buyer shall deliver to Seller either: 394 (1) reasonable written verification from a financial institution or third party in control of Buyer’s funds that Buyer has, at 395 the time of verification, sufficient funds to close ; or 396 (2) 397 [Specify documentation Buyer agrees to deliver to Selle r]. 398 If such written verification or documentation is not delivered, Seller has the right to terminate this Offer by delivering written 399 notice to Buyer prior to Seller’s Actual Receipt of a copy of Buyer’s written verification. Buyer may or may not obt ain 400 mortgage financing but does not need the protection of a financing commitment contingency. Seller agrees to allow Buyer’s appraiser access to the Property for purposes of an appraisal. Buyer understands and agrees that this Offer is not sub ject401 402 to the appraisal meeting any particular value, unless this Offer is subject to an appraisal contingency, nor does the right of 403 access for an appraisal constitute a financing commitment contingenc y. 404 APPRAISAL CONTINGENCY: This Offer is contingent upon Buyer or Buyer’s lender having the Property appraise d 405 at Buyer’s expense by a Wisconsin licensed or certified independent appraiser who issues an appraisal report d ated 406 subsequent to the date stated on line 1 of this Offer, indicating an appraised value for the Property equal to or greater than 407 the agreed upon purchase price. This contingency shall be deemed satisfied unless Buyer, within days after acceptance, delivers to Seller a c opy408 409 of the appraisal report indicating an appraised value less than the agreed upon purchase price, and a written notice objecting 410 to the appraised value. 411 RIGHT TO CURE: Seller (shall)(shall not) STRIKE ONE (“shall” if neither is stricken) have the right to cure. 412 If Seller has the right to cure, Seller may satisfy this contingency by delivering written notice to Buyer adjusting the purchase 413 price to the value shown on the appraisal report within days (“5” if left blank) after Buyer’s delivery of the apprais al 414 report and the notice objecting to the appraised value. Seller and Buyer agree to promptly execute an amendment initiated by either Party after delivery of Seller’s notice, solely to reflect the adjusted purchase p rice.415 Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 8725 N. Deerwood Dr, Brown Deer, WI 8725 N. Deerwo Property Address: Page 8 of 12, WB-15 416 This Offer shall be null and void if Buyer makes timely delivery of the notice objecting to appraised value and the written 417 appraisal report and: 418 (1) Seller does not have the right to cur e; or 419 (2) Seller has the right to cure but: 420 (a) Seller delivers written notice that Seller will not adjust the purchase price; or 421 (b) Seller does not timely deliver the written notice adjusting the purchase price to the value shown on the apprai sal 422 report. 423 SECONDARY OFFER: This Offer is secondary to a prior accepted offer. This Offer shall become primary upon 424 delivery of written notice to Buyer that this Offer is primary. Unless otherwise provided, Seller is not obligated to give Buyer 425 notice prior to any Deadline, nor is any particular secondary buyer given the right to be made primary ahead of other 426 secondary buyers. Buyer may declare this Offer null and void by delivering written notice of withdrawal to Seller prior to 427 delivery of Seller's notice that this Offer is primary. Buyer may not deliver notice of withdrawal earlier than days (“7” 428 if left blank) after acceptance of this Offer. All other Offer Deadlines that run from acceptance shall run from the time th is 429 Offer becomes primary. 430 CLOSING PRORATIONS The following items, if applicable, shall be prorated at closing, based upon date of closing values: 431 real estate taxes, rents, prepaid insurance (if assumed), private and municipal charges, property owners or homeowners 432 association assessments, fuel and 433 . 434 CAUTION: Provide basis for utility charges, fuel or other prorations if date of closing value will not be used. 435 Any income, taxes or expenses shall accrue to Seller, and be prorated at closing, through the day prior to closing. 436 Real estate taxes shall be prorated at closing based on CHECK BOX FOR APPLICABLE PRORATION FORMULA : 437 The net general real estate taxes for the preceding year, or the current year if available (Net general real estate 438 taxes are defined as general property taxes after state tax credits and lottery credits are deducted). NOTE: THIS CHOICE 439 APPLIES IF NO BOX IS CHECKED. 440 Current assessment times current mill rate (current means as of the date of closing). 441 Sale price, multiplied by the municipality area-wide percent of fair market value used by the assessor in the prior year, or current year if known, multiplied by current mill rate (current means as of the date of closing).442 443 . 444 CAUTION: Buyer is informed that the actual real estate taxes for the year of closing and subsequent years may be 445 substantially different than the amount used for proration especially in transactions involving new construction, 446 extensive rehabilitation, remodeling or area-wide re-assessment. Buyer is encouraged to contact the local 447 assessor regarding possible tax changes. 448 Buyer and Seller agree to re-prorate the real estate taxes, through the day prior to closing based upon the taxes on 449 the actual tax bill for the year of closing, with Buyer and Seller each owing his or her pro-rata share. Buyer shall, within 5 450 days of receipt, forward a copy of the bill to the forwarding address Seller agrees to provide at closing. The Parties shall 451 re-prorate within 30 days of Buyer’s receipt of the actual tax bill. Buyer and Seller agree this is a post-closing obligation 452 and is the responsibility of the Parties to complete, not the responsibility of the real estate Firms in this transaction. TITLE EVIDENCE453 454 CONVEYANCE OF TITLE: Upon payment of the purchase price, Seller shall convey the Property by warranty deed 455 (trustee’s deed if Seller is a trust, personal representative’s deed if Seller is an estate or other conveyance as 456 provided herein), free and clear of all liens and encumbrances, except: municipal and zoning ordinances and agreements 457 entered under them, recorded easements for the distribution of utility and municipal services, recorded building and use 458 restrictions and covenants, present uses of the Property in violation of the foregoing disclosed in Seller’s disclosure report, 459 and Real Estate Condition Report, if applicable, and in this Offer, general taxes levied in the year of closing and 460 461 (insert other allowable exceptions from title, if any) that constitutes462 463 merchantable title for purposes of this transaction. Seller, at Seller’s cost, shall complete and execute the documents necessary to record the conveyance and pay the Wisconsin Real Estate Transfer Fee. 464 465 WARNING: Municipal and zoning ordinances, recorded building and use restrictions, covenants and easements may prohibit certain improvements or uses and therefore should be reviewed, particularly if Buyer contemplates466 467 making improvements to Property or a use other than the current use. 468 TITLE EVIDENCE: Seller shall give evidence of title in the form of an owner's policy of title insurance in the amount of 469 the purchase price on a current ALTA form issued by an insurer licensed to write title insurance in Wisconsin. Seller shall pay all costs of providing title evidence to Buyer. Buyer shall pay the costs of providing the title evidence required by Buyer’s470 471 lender and recording the deed or other conveyance. 472 GAP ENDORSEMENT: Seller shall provide a “gap” endorsement or equivalent gap coverage at (Seller’s)(Buyer’s) 473 STRIKE ONE (“Seller’s” if neither stricken) cost to provide coverage for any liens or encumbrances first filed or recorded 474 after the commitment date of the title insurance commitment and before the deed is recorded, subject to the title insurance 475 policy conditions, exclusions and exceptions, provided the title company will issue the coverage. If a gap endorsement or Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 8725 N. Deerwood Dr, Brown Deer, WI x 8725 N. Deerwo Property Address: Page 9 of 12, WB-15 476 equivalent gap coverage is not available, Buyer may give written notice that title is not acceptable for closing (see lines 482- 477 489). 478 DELIVERY OF MERCHANTABLE TITLE: The required title insurance commitment shall be delivered to Buyer's attorney 479 or Buyer not more than days (“15” if left blank) after acceptance showing title to the Property as of a date 480 no more than 15 days before delivery of such title evidence to be merchantable per lines 454-464, subject only to liens 481 which will be paid out of the proceeds of closing and standard title insurance requirements and exceptions. 482 TITLE NOT ACCEPTABLE FOR CLOSING: If title is not acceptable for closing, Buyer shall notify Seller in writing of 483 days (“15” if left blank) after delivery of the title commitment to Buyer or Buyer’s attorney. Inobjections to title within 484 such event, Seller shall have days (“15” if left blank) from Buyer’s delivery of the notice stating title objections, to 485 deliver notice to Buyer stating Seller’s election to remove the objections by the time set for closing. If Seller is unable to 486 remove said objections, Buyer shall have five days from receipt of notice thereof, to deliver written notice waiving the 487 objections, and the time for closing shall be extended accordingly. If Buyer does not waive the objections, this Offer shall 488 be null and void. Providing title evidence acceptable for closing does not extinguish Seller’s obligations to give merchantable 489 title to Buyer. 490 SPECIAL ASSESSMENTS/OTHER EXPENSES: Special assessments, if any, levied or for work actually commenced 491 prior to the date stated on line 1 of this Offer shall be paid by Seller no later than closing. All other special assessments 492 shall be paid by Buyer. “Levied” means the local municipal governing body has adopted and published a final resolution 493 describing the planned improvements and the assessment of benefits. 494 CAUTION: Consider a special agreement if area assessments, property owners association assessments, special 495 charges for current services under Wis. Stat. § 66.0627 or other expenses are contemplated. “Other expenses” are 496 one-time charges or ongoing use fees for public improvements (other than those resulting in special assessments) 497 relating to curb, gutter, street, sidewalk, municipal water, sanitary and storm water and storm sewer (including all 498 sewer mains and hook-up/connection and interceptor charges), parks, street lighting and street trees, and impact 499 fees for other public facilities, as defined in Wis. Stat. § 66.0617(1)(f). 500 LEASED PROPERTY If Property is currently leased and lease(s) extend beyond closing, Seller shall assign Seller's rights 501 under said lease(s) and transfer all security deposits and prepaid rents thereunder to Buyer at closing. The terms of th e 502 (written) (oral) STRIKE ONE lease(s), if any, are 503 504 Insert additional terms, if any, at lines 625-642 or attach as an addendum per line 668. 505 ESTOPPEL LETTERS: Seller shall deliver to Buyer no later than days (“7” if left blank) before closing, estopp el 506 letters dated within days (“15” if left blank) before closing, from each non-residential tenant, confirming the lease term , 507 rent installment amounts, amount of security deposit, and disclosing any defaults, claims or litigation with regard to the lease 508 or tenancy. 509 DEFINITIONS 510 ACTUAL RECEIPT: “Actual Receipt” means that a Party, not the Party’s recipient for delivery, if any, has the document 511 or written notice physically in the Party’s possession, regardless of the method of delivery. If the document or written notice 512 is electronically delivered, Actual Receipt shall occur when the Party opens the electronic transmission. 513 BUSINESS DAY: “Business Day” means a calendar day other than Saturday, Sunday, any legal public holiday under 514 Wisconsin or Federal law, and any other day designated by the President such that the postal service does not receive 515 registered mail or make regular deliveries on that day. 516 DEADLINES: “Deadlines” expressed as a number of “days” from an event, such as acceptance, are calculated by 517 excluding the day the event occurred and by counting subsequent calendar days. The Deadline expires at Midnight on the 518 last day. Additionally, Deadlines expressed as a specific number of Business Days are calculated in the same manner except that only Business Days are counted while other days are excluded. Deadlines expressed as a specific number of519 520 “hours” from the occurrence of an event, such as receipt of a notice, are calculated from the exact time of the event, and by counting 24 hours per calendar day. Deadlines expressed as a specific day of the calendar year or as the day of a specific521 522 event, such as closing, expire at Midnight of that day. “Midnight” is defined as 11:59 p.m. Central Time. 523 DEFECT : “Defect” means a condition that would have a significant adverse effect on the value of the Property; that would 524 significantly impair the health or safety of future occupants of the Property; or that if not repaired, removed or replaced would significantly shorten or adversely affect the expected normal life of the premises.525 526 FIRM: “Firm” means a licensed sole proprietor broker or a licensed broker business entity. 527 PARTY: “Party” means the Buyer or the Seller; “Parties” refers to both Buyer and Seller. PROPERTY: Unless otherwise stated, “Property” means the real estate described at lines 4-8.528 INCLUSION OF OPTIONAL PROVISIONS Terms of this Offer that are preceded by an OPEN BOX ( ) are part of529 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.530 531 PROPERTY DIMENSIONS AND SURVEYS Buyer acknowledges that any land, building or room dimensions, or total 532 acreage or building square footage figures, provided to Buyer by Seller or by a broker, may be approximate because of rounding, formulas used or other reasons, unless verified by survey or other means.533 534 CAUTION: Buyer should verify total square footage formula, total square footage/acreage figures, and land, 535 building or room dimensions, if material. Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 8725 N. Deerwood Dr, Brown Deer, WI 8725 N. Deerwo Property Address: Page 10 of 12, WB-15 536 DISTRIBUTION OF INFORMATION Buyer and Seller authorize the agents of Buyer and Seller to: (i) distribute copies of 537 the Offer to Buyer's lender, appraisers, title insurance companies and any other settlement service providers for the 538 transaction as defined by the Real Estate Settlement Procedures Act (RESPA); (ii) report sales and financing concession 539 data to multiple listing service sold databases; (iii) provide active listing, pending sale, closed sale and financing concession 540 information and data, and related information regarding seller contributions, incentives or assistance, and third party gifts, 541 to appraisers researching comparable sales, market conditions and listings, upon inquiry; and (iv) distribute copies of this 542 Offer to the seller, or seller’s agent, of another property that Seller intends on purchasing. MAINTENANCE Seller shall maintain the Property and all personal property included in the purchase price until the earlier543 of closing or Buyer’s occupancy, in materially the same condition it was in as of the date on line 1 of this Offer, except for544 ordinary wear and tear and changes agreed upon by Parties.545 PROPERTY DAMAGE BETWEEN ACCEPTANCE AND CLOSING If, prior to closing, the Property is damaged in an546 amount not more than five percent of the purchase price, other than normal wear and tear, Seller shall promptly notify Buyer547 in writing, and will be obligated to restore the Property to materially the same condition it was in as of the date on line 1 of548 this Offer. Seller shall provide Buyer with copies of all required permits and lien waivers for the lienable repairs no later than549 closing. If the amount of damage exceeds five percent of the purchase price, Seller shall promptly notify Buyer in writing of550 the damage and this Offer may be terminated at option of Buyer. Should Buyer elect to carry out this Offer despite such551 damage, Buyer shall be entitled to the insurance proceeds, if any, relating to the damage to the Property, plus a credit552 553 towards the purchase price equal to the amount of Seller's deductible on such policy, if any. However, if this sale is financed by a land contract or a mortgage to Seller, any insurance proceeds shall be held in trust for the sole purpose of restoring554 555 the Property. 556 BUYER’S PRE-CLOSING WALK-THROUGH Within three days prior to closing, at a reasonable time pre-approved by 557 Seller or Seller's agent, Buyer shall have the right to walk through the Property to determine that there has been no 558 significant change in the condition of the Property, except for ordinary wear and tear and changes agreed upon by Parties, 559 and that any Defects Seller has agreed to cure have been repaired in the manner agreed to by the Parties. OCCUPANCY Occupancy of the entire Property shall be given to Buyer at time of closing unless otherwise provided in560 561 this Offer at lines 625-642 or in an addendum attached per line 668. At time of Buyer's occupancy, Property shall be in broom swept condition and free of all debris, refuse, and personal property except for personal property belonging to current562 tenants, or sold to Buyer or left with Buyer's consent. Occupancy shall be given subject to tenant's rights, if any.563 564 DEFAULT Seller and Buyer each have the legal duty to use good faith and due diligence in completing the terms and 565 conditions of this Offer. A material failure to perform any obligation under this Offer is a default that may subject the defaulting party to liability for damages or other legal remedies.566 567 If Buyer defaults , Seller may: (1) sue for specific performance and request the earnest money as partial payment of the purchase price; or568 (2) terminate the Offer and have the option to: (a) request the earnest money as liquidated damages; or (b) sue for actual569 570 damages. If Seller defaults , Buyer may:571 (1) sue for specific performance; or572 573 (2) terminate the Offer and request the return of the earnest money, sue for actual damages, or both. In addition, the Parties may seek any other remedies available in law or equity. The Parties understand that the availability574 of any judicial remedy will depend upon the circumstances of the situation and the discretion of the courts. If either Party575 defaults, the Parties may renegotiate the Offer or seek nonjudicial dispute resolution instead of the remedies outlined above.576 By agreeing to binding arbitration, the Parties may lose the right to litigate in a court of law those disputes covered by the577 arbitration agreement.578 579 NOTE: IF ACCEPTED, THIS OFFER CAN CREATE A LEGALLY ENFORCEABLE CONTRACT. BOTH PARTIES SHOULD READ THIS DOCUMENT CAREFULLY. THE FIRM AND ITS AGENTS MAY PROVIDE A GENERAL580 EXPLANATION OF THE PROVISIONS OF THE OFFER BUT ARE PROHIBITED BY LAW FROM GIVING ADVICE OR581 OPINIONS CONCERNING YOUR LEGAL RIGHTS UNDER THIS OFFER OR HOW TITLE SHOULD BE TAKEN AT582 583 CLOSING. AN ATTORNEY SHOULD BE CONSULTED IF LEGAL ADVICE IS NEEDED. ENTIRE CONTRACT This Offer, including any amendments to it, contains the entire agreement of the Buyer and Seller584 585 regarding the transaction. All prior negotiations and discussions have been merged into this Offer. This agreement binds and inures to the benefit of the Parties to this Offer and their successors in interest.586 NOTICE ABOUT SEX OFFENDER REGISTRY You may obtain information about the sex offender registry and persons587 http://www.doc.wi.gov 588 registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at or by telephone at (608) 240-5830.589 FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (FIRPTA) Section 1445 of the Internal Revenue Code (IRC)590 591 provides that a transferee (Buyer) of a United States real property interest must pay or withhold as a tax up to 15% of the total “Amount Realized” in the sale if the transferor (Seller) is a “Foreign Person” and no exception from FIRPTA withholding592 applies. A “Foreign Person” is a nonresident alien individual, foreign corporation, foreign partnership, foreign trust, or foreign593 Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 8725 N. Deerwo 8725 N. Deerwood Dr, Brown Deer, WI Property Address: Page 11 of 12, WB-15 594 estate. The “Amount Realized” is the sum of the cash paid, the fair market value of other property transferred, and the 595 amount of any liability assumed by Buyer. 596 CAUTION: Under this law if Seller is a Foreign Person, and Buyer does not pay or withhold the tax amount, Buyer 597 may be held directly liable by the U.S. Internal Revenue Service for the unpaid tax and a tax lien may be placed 598 upon the Property. 599 Seller hereby represents that Seller is a non-Foreign Person, unless (1) Seller represents Seller is a Foreign Person in a 600 condition report incorporated in this Offer per lines 93-95, or (2) no later than 10 days after acceptance, Seller delivers 601 notice to Buyer that Seller is a Foreign Person, in which cases the provisions on lines 607-609 apply. 602 IF SELLER IS A NON-FOREIGN PERSON. Seller shall, no later than closing, execute and deliver to Buyer, or a qualified substitute (attorney or title company as stated in IRC § 1445), a sworn certification under penalties of perjury of Seller’s603 non-foreign status in accordance with IRC § 1445. If Seller fails to timely deliver certification of Seller’s non-foreign status,604 Buyer shall: (1) withhold the amount required to be withheld pursuant to IRC § 1445; or, (2) declare Seller in default of this605 Offer and proceed under lines 571-578.606 IF SELLER IS A FOREIGN PERSON. If Seller has represented that Seller is a Foreign Person, Buyer shall withhold the607 amount required to be withheld pursuant to IRC § 1445 at closing unless the Parties have amended this Offer regarding608 amounts to be withheld, any withholding exemption to be applied, or other resolution of this provision.609 COMPLIANCE WITH FIRPTA. Buyer and Seller shall complete, execute, and deliver, on or before closing, any instrument,610 611 affidavit, or statement needed to comply with FIRPTA, including withholding forms. If withholding is required under IRC § 612 1445, and the net proceeds due Seller are not sufficient to satisfy the withholding required in this transaction, Seller shall 613 deliver to Buyer, at closing, the additional funds necessary to satisfy the applicable withholding requirement. Seller also 614 shall pay to Buyer an amount not to exceed $1,000 for actual costs associated with the filing and administration of forms, 615 affidavits, and certificates necessary for FIRPTA withholding and any withholding agent fees. Any representations made by Seller with respect to FIRPTA shall survive the closing and delivery of the deed.616 617 Firms, Agents, and Title Companies are not responsible for determining FIRPTA status or whether any FIRPTA exemption 618 applies. The Parties are advised to consult with their respective independent legal counsel and tax advisors regarding 619 FIRPTA. 620 SELLER PAYMENT OF COMPENSATION TO BUYER’S FIRM: Seller agrees to pay to Buyer’s Firm the amount of (e.g., dollar amount, % of purchase price, etc.), toward Buyer’s brokera ge621 622 fees at closing. Payment made under this provision represents an economic adjustment only and does not create any agency relationship between Buyer’s Firm and Seller, and the Parties agree Buyer’s Firm is a direct and intended third p arty623 beneficiary of this contract.624 ADDITIONAL PROVISIONS/CONTINGENCIES625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 TAX DEFERRED EXCHANGE If this Property is purchased or sold to accomplish an IRC § 1031 Tax Deferred exchange 644 of like-kind property, both Parties agree to cooperate with any documentation necessary to complete the exchange. The 645 exchangor shall hold the cooperating party harmless from any and all claims, costs or liabilities that may be incurred as a 646 result of the exchange. 647 DELIVERY OF DOCUMENTS AND WRITTEN NOTICES Unless otherwise stated in this Offer, delivery of documents and 648 written notices to a Party shall be effective only when accomplished by one of the authorized methods specified at lines 650-665.649 650 (1) Personal : giving the document or written notice personally to the Party, or the Party's recipient for delivery if named at 652 or 653.651 Name of Seller's recipient for delivery, if any:652 653 Name of Buyer's recipient for delivery, if any: Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 8725 N. Deerwood Dr, Brown Deer, WI Firm’s commission shall be equal to Three Percent (3%) of the final gross sale price. All commissions shall be due and paid at closing. Nathan Piotrowski Cory Sovine, Inland RE Partners LLC dba Colliers Intl 8725 N. Deerwo Property Address: Page 12 of 12, WB-15 654 (2) Fax: fax transmission of the document or written notice to the following number: Seller: ( ) Buyer: ( )655 656 (3) Commercial: depositing the document or written notice, fees prepaid or charged to an account, with a 657 commercial delivery service, addressed either to the Party, or to the Party's recipient for delivery, for delivery to the Party's address at line 661 or 662.658 659 (4) U.S. Mail: depositing the document or written notice, postage prepaid, in the U.S. Mail, addressed either to the 660 Party, or to the Party's recipient for delivery, for delivery to the Party's address. Address for Seller:661 662 Address for Buyer: 663 (5) Email: electronically transmitting the document or written notice to the email address. Email Address for Seller:664 Email Address for Buyer:665 PERSONAL DELIVERY/ACTUAL RECEIPT Personal delivery to, or Actual Receipt by, any named Buyer or Seller666 constitutes personal delivery to, or Actual Receipt by, all Buyers or Sellers.667 ADDENDA: The attached is/are made part of this Offer.668 669 This Offer was drafted by [Licensee and Firm] 670 WIRE FRAUD WARNING! Wire Fraud is a real and serious risk. Never trust wiring instructions sent via email. Funds wired to a fraudulent account are often impossible to recover.671 672 Criminals are hacking emails and sending fake wiring instructions by impersonating a real estate agent, Firm, lender, title company, attorney or other source connected to your transaction. These communications are convincing and professional in appearance but are created to steal your money. The fake wiring instructions may even be mistakenly forwarded to you by a legitimate source. 673 674 675 676 677 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. 678 679 680 Real estate agents and Firms ARE NOT responsible for the transmission, forwarding, or verification of any wiring or money transfer instructions.681 682 Buyer Entity Name (if any): 683 (x) 684 Buyer's/Authorized Signature Print Name/Title Here Date (x)685 Date686 Buyer's/Authorized Signature Print Name/Title Here 687 688 SELLER ACCEPTS THIS OFFER. THE WARRANTIES, REPRESENTATIONS AND COVENANTS MADE IN THIS 689 OFFER SURVIVE CLOSING AND THE CONVEYANCE OF THE PROPERTY. SELLER AGREES TO CONVEY THE 690 PROPERTY ON THE TERMS AND CONDITIONS AS SET FORTH HEREIN AND ACKNOWLEDGES RECEIPT OF A 691 COPY OF THIS OFFER. Seller Entity Name (if any):692 (x)693 Seller’s/Authorized Signature Print Name/Title Here Date694 (x)695 DateSeller’s/Authorized Signature Print Name/Title Here696 697 This Offer was presented to Seller by [Licensee and Firm] on at a.m./p.m.698 699 This Offer is rejected This Offer is countered [See attached counter] 700 Seller Initials Date Seller Initials Date Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 8725 N. Deerwood Dr, Brown Deer, WI x x 4800 Green Brook Dr, Brown Deer, WI 53223 833 E Michigan St, ste 500, Milwaukee, WI 53202 x npiotrowski@browndeerwi.gov cory.sovine@colliers.com Cory Sovine, Colliers Donut Monster, LLC or assigns Sarah Woods Jackie Woods Village of Brown Deer Cory Sovine, Colliers 8725 N. Deerwo ADDENDUM TO OFFER TO PURCHASE (Revised v3 6-25-26) THIS ADDENDUM is made a part of and is incorporated by reference into the WB -15 Offer to Purchase (“Offer”) submitted by Atwood, LLC (“Buyer”), to the Village of Brown Deer, Wisconsin (“Village” or “Seller”), for the property located at 8725 N. Deerwood Drive, Brown Deer, Wisconsin (“Property”). 1. CO MMISSION The Firm’s commission shall be equal to Three Percent (3%) of the final gross sale price. All commissions shall be deemed earned only upon closing and shall be paid in full at the time of closing from Seller’s proceeds. 2. GUARANT EED MINIMUM ASSESSED V ALUE (a) Guaranteed Amount and Term. Subject to the conditions herein, Buyer guarantees that the Property shall maintain a minimum aggregate assessed value equal to Seven Hundred Fifty Thousand Dollars ($750,000.00) (“Guaranteed Amount”). This guarantee shall commence on the first tax assessment cycle following the issuance of a final certificate of occupancy for the full commercial kitchen built on the Property, or January 1, 2027, whichever occurs later , but in no case to be later than January 1, 2028. The Guaranteed Amount covenant shall run through the tax year 2035, or through the tax year in which Tax Incremental District (TID) #4 closes, whichever occurs first (“Guaranteed Value Term”). (b) Shortfall Payments. If the actual municipal assessment on the Property falls below the Guaranteed Amount in any tax year during the Guaranteed Value Term, the then- owner of the Property shall make a payment equal to the difference between the annual property taxes that would have been due had the Property been assessed at the Guaranteed Amount and the actual property taxes levied for that year (“Payment in Lieu”). Under no circumstances shall Buyer be penalized or required to make a Payment in Lieu for assessment shortfalls o ccurring prior to the completion and final occupancy approval of the commercial kitchen. (c) Remedies and Notice. Any Payment in Lieu due under this Addendum shall be payable at the same time and in the same manner as standard ad valorem property taxes. If the owner fails to timely make a Payment in Lieu, the Village may levy a special assessment against the Property in the amount of the deficiency. The Village agrees to provide the owner with written notice of any alleged deficiency and thirty (30) days to cure such deficiency prior to executing any legal remedy or special assessment. The payment obligation under this Section shall be a personal obligation strictly limited to the specific legal entity or person that holds record title to the Property at the exact time the Property value falls below the Guaranteed Amount. (d) Covenants Running with the Land. The covenants contained in this Section shall be deemed covenants running with the land and shall bind subsequent physical owners of the real estate for the duration of the Guaranteed Value Term. 3. RI GHT OF FIRST REFUSAL (a) Notice of Third-Party Offer. If at any time the record owner of the Property receives a bona fide, written offer from an unrelated third party to purchase the physical real estate of the Property which the owner desires to accept, the owner shall promptly deliver a complete copy of such offer to the Village (“Offer Notice”). (b) Exercise of Right. The Village shall have an exclusive right of first refusal to purchase the Property upon the identical terms, conditions, and purchase price set forth in the Offer Notice. To legally exercise this right, the Village must deliver unconditional written notice of acceptance to the owner within 15 business days of receiving the Offer Notice. If the Village timely exercises this right, the closing of the sale shall take place within 60 days thereafter, or per the timeline in the third-party offer, whichever is longer. (c) Waiver. If the Village fails to deliver written notice of acceptance within the 15 business day window, the right of first refusal shall automatically expire, and the owner shall be entirely free to sell the physical real estate to the third party under the terms of the Offer Notice. 4. CORPORATE TRANSFER EXCLUSION (CHANGE OF CONTROL) Notwithstanding anything to the contrary in this Addendum, the Offer, or any associated covenants, the Right of First Refusal (Section 3) and the Guaranteed Minimum Assessed Value transfer restrictions (Section 2) apply strictly to a transfer of physical title to the real estate via a recorded deed. The sale, transfer, assignment, pledge, or issuance of corporate stock, membership interests, or ownership units of Atwood LLC (or any successor entity holding title to the Property), or DonutMonster LLC (the operating retail business), resulting in a change of control of either corporate entity, shall NOT constitute a sale or transfer of the Property. Such corporate transactions shall not trigger the Village’s Right of First Refusal, shall not require Village consent, and shall not be prohibited or delayed by the Village in any manner, provided that the underlying corporate entity holding title to the real property remains bound to the terms of the Guaranteed Value Term through 2035 or the expiration of TID #4, whichever occurs first. 5. VILLAGE FEE WAIVER (a) Waiver of Village Fees. As a material inducement for Buyer to purchase and develop the Property, the Village agrees to waive, forgive, and not impose upon Buyer any municipal fees, charges, costs, or assessments customarily imposed by the Village in connection with the acquisition, ownership, development, construction, occupancy, or operation of the Property, to the fullest extent permitted by law. (b) Covered Fees. Without limiting the foregoing, the waiver shall include, but not be limited to, all building permit fees, plan review fees, zoning review fees, occupancy permit fees, engineering review fees, inspection fees, utility connection or hookup fees imposed by the Village, impact fees, development fees, park fees, stormwater review fees, sign permit fees, driveway permit fees, right- of-way permit fees, administrative processing fees, recording or filing fees payable to the Village, and any other municipal fee, charge, reimbursement, or assessment arising out of the development or use of the Property. (c) Exclusions. This waiver shall not apply to ordinary real estate taxes or utility consumption charges for services actually used after occupancy, unless otherwise expressly waived by the Village. (d) Binding Effect. The Village represents that it has the authority to grant the waivers described herein and agrees that no Village department, board, commission, employee, or official shall impose or collect any waived fee from Buyer. In the event any such fee is assessed or invoiced, the Village shall promptly withdraw such assessment or reimburse Buyer for any amounts paid. (e) Survival. The provisions of this Section shall survive Closing and shall remain binding upon the Village and its successors and assigns with respect to the Property. (f) No Additional Development Conditions. Except as expressly set forth in the Offer and this Addendum, the Village shall not require Buyer to make any additional payments, contributions, reimbursements, donations, off -site improvements, public infrastructure improvements, or other financial concessions as a condition of issuing approvals, permits, inspections, certificates of occupancy, or otherwise allowing the development contemplated by this Offer. - 1 - \\bdg-p -fs-01\groups\Committees\VB\Packets\2026\07.06.2026\CommunitySquareCSM_VB.doc REQUEST FOR CONSIDERATION COMM ITTEE CONSIDERATION: Village Board ITEM DESCRIPTION: Review and Possible Approval of Certified Survey Map land division at 8725 N. Deerwood Drive PREPARED BY: Nate Piotrowski, Development Director REPORT DATE: July 1, 2026 BACKGROUND: As part of the sale of the building in Community Square a new Certified Survey Map (CSM) is necessary to divide the building land from the remainder of Community Square so that the private land transaction can proceed. The CSM was recommended for approval by the Plan Commission last December but was never formally approved by the Village Board due to the previous offer to purchase falling through. The CSM remains the same and includes a permanent pedestrian access easement on the south side of the building where the private property will extend over the existing patio and sidewalk Recommended Motion: A motion to approve the CSM. S0° 29' 15"E 2652.04' total Iron Pipe Found Iron Pipe Found Iron Pipe Set Iron Pipe Set 10' public access easement N88° 42' 53"E 168.35' S17° 48' 45"E 217.47' S88° 42' 53"W 233.11' N0° 29' 15"W 208.50' N88° 42' 53"E 33.01' Lot 2 28,725 sq. ft. 0.65944 acres West 1/4 Cor. Section 12-08-21 Conc. Mon w/ Brass Cap NW. Cor. Section 12-08-21 Conc. Mon w/ Brass Cap S0° 29' 15"E 400.51' S0° 29' 15"E 2251.53' 73.28' 135.22' 141.54' 75.93' N88° 34' 00"E 190.96' Lot 1 13,124 sq. ft. 0.30129 acres 10.0' N. DEERWOOD DR. (public R/W width varies) W. LINE NW 1/4 SEC. 12-08-21 unplatted lands unplatted lands 16.0' 46.1' 15.7' 46.9' #5727 existing building shed on line N. DEERWOOD DR. (66' wide R/W) Iron Pipe Set Iron Pipe Set All of Lot 1 of Certified Survey Map No. 9356, being a part of the Northwest 1/4 of the Northwest 1/4 of Section 12, Township 8 North, Range 21 East, in the Village of Brown Deer, Milwaukee County, State of Wisconsin. Address: 8727 N Deerwood Dr, Brown Deer, WI 53209 Parcel Taxkey: 0482013000 LEGEND & NOTES: INDICATES FOUND MONUMENTATION, AS NOTED ON DRAWING. INDICATES SET 1.3" OD. IRON PIPE, 18" LONG WEIGHING 1.13 LBS/LIN. FT. COORDINATES & BEARINGS REFERENCED THE WISCONSIN STATE PLANE COORDINATE SYSTEM WITH THE WEST LINE OF THE NW 1/4 OF SEC. 12-08-21, ASSUMED TO BEAR S0°29'15"E, AS PUBLISHED BY SEWRPC, NAD 1983 (2011). 00 60' 120' CERTIFIED SURVEY MAP NO. Sheet 1 of 4 PROJECT NUMBER: 24608 DRAFTED BY: NGC www.thesigmagroup.com 1300 West Canal Street Milwaukee, WI 53233 Phone: 414-643-4200 Fax: 414-643-4210 11/25/2025 Vicinity Map: Scale: 1" = 2000' N. 43rd St. W. River Ln. Prepared for: Village of Brown Deer 4800 W. Green Brook Drive Brown Deer, WI 53223 Attn: Nate Piotrowski NW 1 4 SEC. 12-08-21 All of Lot 1 of Certified Survey Map No. 9356, being a part of the Northwest 1/4 of the Northwest 1/4 of Section 12, Township 8 North, Range 21 East, in the Village of Brown Deer, Milwaukee County, State of Wisconsin. CERTIFIED SURVEY MAP NO. SURVEYOR'S CERTIFICATE STATE OF WISCONSIN) SS MILWAUKEE COUNTY) I, Kevin A. Slottke, Professional Land Surveyor, hereby certify that I have surveyed and mapped a re-division of Lot 1 of Certified Survey Map No. 9356, being a part of the Northwest 1/4 of the Northwest 1/4 of Section 12, Township 8 North, Range 21 East, in the Village of Brown Deer, Milwaukee County, State of Wisconsin. Said parcel contains 41,849 square feet or 0.96072 acres of land, more or less. That I have made the survey, land division, and map by the direction of Village of Brown Deer, owner of said land. That the map is a correct representation of all the exterior boundaries of the land surveyed and the land division thereof made. That I have fully complied with Chapter 236 of the Wisconsin Statutes and Section 14.82 of the Village of Brown Deer requirements for Certified Survey Maps. Per Wis. Stat. 236.21 (1), this certificate has the same force and effect as an affidavit. KEVIN A. SLOTTKE S-2503 DATE: November 25th, 2025 Sheet 2 of 4 PROJECT NUMBER: 24608 DRAFTED BY: NGC www.thesigmagroup.com 1300 West Canal Street Milwaukee, WI 53233 Phone: 414-643-4200 Fax: 414-643-4210 11/25/2025 All of Lot 1 of Certified Survey Map No. 9356, being a part of the Northwest 1/4 of the Northwest 1/4 of Section 12, Township 8 North, Range 21 East, in the Village of Brown Deer, Milwaukee County, State of Wisconsin. CERTIFIED SURVEY MAP NO. Sheet 3 of 4 PROJECT NUMBER: 24608 DRAFTED BY: NGC www.thesigmagroup.com 1300 West Canal Street Milwaukee, WI 53233 Phone: 414-643-4200 Fax: 414-643-4210 11/25/2025 OWNER'S CERTIFICATE Village of Brown Deer, a corporation duly organized and existing under and by virtue of the laws of the State of Wisconsin, as owner, certifies that said entity caused the land described on this certified survey map to be surveyed, divided, mapped and dedicated as represented on this map in accordance with the requirements of Chapter 236 of the Wisconsin Statutes and the Section 14.82 of the Village of Brown Deer requirements for Certified Survey Maps. This agreement is binding on the undersigned and successors and assigns. Date:________________________ Entity Name:__________________ Signature:______________________ Type or Print Name:________________ Title:__________________________ STATE OF __________________________ __________________________ COUNTY Personally came before me this ________ day of ____________________, 20__, _____________ (name), the ________ (title) of the above named entity, to me known to be the person who executed the foregoing instrument, and acknowledged that he/she executed the foregoing instrument as such officer on behalf of the entity, by its authority. Notary Signature:________________ Print Notary Name:________________ Notary Public, State of ___________________. My commission expires:_________________ (Notary Seal) All of Lot 1 of Certified Survey Map No. 9356, being a part of the Northwest 1/4 of the Northwest 1/4 of Section 12, Township 8 North, Range 21 East, in the Village of Brown Deer, Milwaukee County, State of Wisconsin. CERTIFIED SURVEY MAP NO. Sheet 4 of 4 PROJECT NUMBER: 24608 DRAFTED BY: NGC www.thesigmagroup.com 1300 West Canal Street Milwaukee, WI 53233 Phone: 414-643-4200 Fax: 414-643-4210 11/25/2025 VILLAGE BOARD APPROVAL: Approved by the Village Board of the Village of Brown Deer on this day of , 20____. Wanda Montgomery, Village President, Chairperson PLAN COMMISSION APPROVAL: Approved by the Plan Commission of the Village of Brown Deer approved on this day of , 20____. Wanda Montgomery, Village President, Chairperson Print Date: 12/4/2025 SCALE: 1" = ' Village of Brown Deer GIS 8725 N. Deerwood Drive 94 Village of Brown Deer 4800 West Green Brook Drive Brown Deer, WI 53223 (414) 371 - 3000 1,128.50 DISCLAIMER: The Village of Brown Deer does not guarantee the accuracy of the material contained here in and is not responsible for any misuse or misrepresentation of this information or its derivatives. REQUEST FOR CONSIDERATION COMMI TTEE CONSIDERATION: Village Board ITEM DESCRIPTION: Present Financial Status of Tax Incremental Districts PREPARED BY: Tyler Burkart, Village Manager | Derrick Danner, Finance Director REPORT DATE: July 6, 2026 RECOMMENDATION: No formal recommendation is provided. EXPLANATION: Vill age staff are proactively presenting to the Village Board the financial status of tax incremental districts (TID) 3-6. Below are important notes for each TID: • TID 3 c ontinues to perform well and is subsidizing TID 4 at the moment. • TID 4 is performing the same it did the previous year. The rate of the deficit in the TID has plateaued, and we anticipate as developer payments to conclude shortly the trend moving in the opposite direction. Removing debt payments from TID 4 to the tax levy has helped this projection by a few million dollars thankfully. While it may not be needed, pursuing the technical college 3-year extension with the Department of Revenue could give the Village an additional 3-year extension and allow TID 4 the ability to not close in the red. • TID 5 and 6 have now been created. Projects in TID 5 show promise for the future of that district. Village 43, Riverside Landing, and other future projects are giving some helpful increment to TID 5. Atlas Assisted Living will also be a help for TID 6. W GOOD HOPE RD W BROWN DEER RD W BRADLEY RD N 60TH ST N GREEN BAY RD W DEAN RD 51st ST W COUNTY LINE RD N SHERMAN BLVD N 60TH ST N 51ST ST W BRADLEY RD W DEAN RD N TEUTONIA AVE W BROWN DEER RD W GOOD HOPE RD N GREEN BAY RD W CALUMET RD W COUNTY LINE RD N 52ND ST N 47TH ST N 43RD ST N 51ST BLVD N UPPER RIVER RD N 67TH ST N 64TH STN 66TH ST N 68TH ST W PARKLAND AVE N IVY ST W PORT AVE N 50TH ST N 61ST ST N 41ST ST N 56TH ST N 62ND ST N 46TH ST N BETHANNE DR W JOLENO LN N 38TH ST N 44TH ST N SHERMAN BLVD N ARBON DR N DEERWOOD DR N 63RD ST N CARLOTTA LN W DONNA DR W SPOKANE ST W WAHNER AVE N CEDARBURG RD W CHURCHILL LN UNNAMED N 70TH ST N HIGHVIEW DR N EDGEWORTH DR W DONGES LN N PEARLETTE LN N 55TH ST N 37TH ST N 59TH ST W FAIRY CHASM RD N 57TH ST W PELICAN LN W LUEBBE LN W KILEY AVE W HUSTIS ST N GRANDVIEW DR N DELTA PL W PIERNER PL W WILLOW RD N 42ND ST W CLINTON AVE N LINK PL W WOODALE AVE W WABASH AVE W CLOVERLEAF LN N FAIRWAY PL N PELICAN LN W DARNEL AVE W CAROLANN DR W SPRING LN N 54TH ST W GLENBROOK RD W SCHROEDER DR W SILVERLEAF LN N 49TH ST N 39TH ST N EDGE O WOODS DR N 45TH ST N 58TH ST N 53RD ST N 48TH ST N MAURA LN W DEER RUN DR W FAIRLANE AVE N 65TH ST N FAIRY CHASM LN W PORTAGE ST W FOUNTAIN AVE WOODS CIR N DARIEN ST N PRESIDIO DR N 40TH ST W RANGE AVE N PARK PLAZA CT N SILVER BROOK LN W ARCH AVE N 64TH CT N DEERBROOK TRL W HEMLOCK RD W VILLA LN N RIVER BEND CT W BETTY LN W TOWER AVE W RADCLIFFE DR N GOLDENDALE DR W WOODLAND DR N GRANVILLE WOODS RD N KILDEER CT VILLAGE LN W TERRY AVE W ROSE ST W GREEN BROOK RD N MEADOWSIDE CT W RIVER LN W NOKOMIS RD W RAVINE LN W FLORAL LN CEDAR LN W DUNWOOD RD N DEAN CIR N ALPINE LN W GOODRICH LN W SILVER BROOK LN W KIRCHHOFF AVE W ESTER PL W HEMLOCK ST W RIVERS EDGE CIR N UPPER RIVER CT W HELENA ST W VERA AVE N RAINTREE DR W RUTH PL N GREEN BAY CT W PLAZA CIR W GREENWOOD TERR W TUPELO ST W GREEN BROOK DR W PORTAGE AVE N SUSSEX ST N 40TH PL N 38TH CT W ROCHELLE AVE W BEECH CT N LINCOLNSHIRE CIR W PRESIDIO LN W DONGES CT OAK CT N RAINTREE CT W FAIRY CHASM CT N SURF CT DEERBROOK TR HILLSIDE CT W ELK CT CREEKSIDE DR N TROY CT W ROCHELLE AVE N 55TH ST N 45TH ST N 55TH ST W DONNA DR N 40TH ST N 55TH ST W RIVER LN N 49TH ST W GLENBROOK RD N 67TH ST N 58TH ST W DONGES LN N 39TH ST N 45TH ST N 64TH ST N 62ND ST N 46TH ST W VERA AVE W RIVER LN N 52ND ST W TOWER AVE N 45TH ST W HEMLOCK ST N 50TH ST W RADCLIFFE DR N 42ND ST N 46TH ST W FOUNTAIN AVE W WABASH AVE N 67TH ST N 44TH ST N KILDEER CT N 48TH ST N 53RD ST N 57TH ST N 53RD ST W COUNTY LINE RD N 67TH ST N 47TH ST N 48TH ST W CALUMET RD N 54TH ST N MAURA LN W GREEN BROOK DR N 53RD ST N 53RD ST N 40TH ST N 46TH ST N 52ND ST W PORTAGE ST W TERRY AVE N 52ND ST W KILEY AVE W ESTER PL W FLORAL LN N 37TH ST N 38TH ST W GOODRICH LN W SPRING LN N 65TH ST W DONNA DR N 43RD ST N 61ST ST N 49TH ST W CALUMET RD N 54TH STW TERRY AVE N 50TH ST W DONGES LN W HUSTIS ST N 45TH ST N 49TH ST N 44TH ST W DONNA DR N 55TH ST W CLINTON AVE N 65TH ST N 66TH ST W FOUNTAIN AVE W GOODRICH LN TID Districts Village of Brown Deer Milwaukee County, Wisconsin April, 2025 0 600 1,200 1,800300 Feet µ TID 3 TID 4 TID 5 TID 6 Village Limits County Line I:\Projects\8145_Brown Deer\Maps\TID\TIDS_22x34.mxd Current Status_TID #3 Village of Brown Deer Tax Increment District No. 3 Cash Flow Proforma Analysis Assumptions Annual Inflation During Life of TID………………………………………………… 1.00% 2025 Gross Tax Rate (per $1000 Equalized Value)……………………… $20.58 Adjustment to Tax Rate………………………………………………………………… 0.00% Investment rate……………………………………………………………………………… 0.50% Data above dashed line are actual DONOR Background Data Revenues Expenditures TID Status (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (p) (q) (r) (s) Personal Year End TIF District Inflation Construction TIF Increment Tax Tax Computer Property Investment Total Existing Developer Administrative Professional Transfers Add'l Transfers Combined Annual Cumulative Year Valuation Increment Increment Over Base Rate Revenue Aid Payment Aid Payment Proceeds Revenues Debt Service Grants Expenses Services to TID #4 to TID #4 Expenditures Balance Balance Year (January 1) (2) (3) (3) (4) (5) (December 31) Base Value (1) $21,652,400 2023 $56,087,800 ($1,496,500) $32,938,900 $21.71 2023 2024 $54,591,300 $1,241,700 $34,180,600 $21.46 ($402,163) 2024 2025 $55,833,000 $558,330 $34,738,930 $20.58 ($498,924) 2025 2026 $56,391,330 $563,913 $35,302,843 $20.58 $703,339 $14,803 $30,969 $0 $749,111 $353,033 $140,000 $112,952 $11,389 $250,000 $867,374 ($118,263) ($617,187) 2026 2027 $56,955,243 $569,552 $35,872,396 $20.58 $714,828 $14,803 $30,969 $0 $760,600 $27,781 $140,000 $112,952 $11,389 $250,000 $542,122 $218,478 ($398,709) 2027 2028 $57,524,796 $575,248 $36,447,644 $20.58 $726,432 $14,803 $30,969 $0 $772,203 $27,188 $112,952 $11,389 $250,000 $401,529 $370,675 ($28,034) 2028 2029 $58,100,044 $581,000 $37,028,644 $20.58 $738,151 $14,803 $30,969 $0 $783,923 $26,563 $112,952 $11,389 $250,000 $254,986 $655,889 $128,034 $100,000 2029 2030 $58,681,044 $586,810 $37,615,455 $20.58 $749,988 $14,803 $30,969 $500 $796,260 $25,938 $112,952 $11,389 $250,000 $395,982 $796,260 $0 $100,000 2030 2031 $59,267,855 $592,679 $38,208,133 $20.58 $761,944 $14,803 $30,969 $500 $808,216 $25,313 $112,952 $11,389 $250,000 $408,562 $808,216 $0 $100,000 2031 2032 $59,860,533 $598,605 $38,806,738 $20.58 $774,019 $14,803 $30,969 $500 $820,290 $112,952 $11,389 $250,000 $545,949 $920,290 ($100,000) $0 2032 2033 $60,459,138 $604,591 $39,411,330 $20.58 $786,214 $14,803 $30,969 $0 $831,986 $0 $831,986 $831,986 2033 2034 $61,063,730 $610,637 $40,021,967 $20.58 $798,532 $14,803 $30,969 $4,160 $848,464 $0 $848,464 $1,680,450 2034 2035 $61,674,367 $616,744 $40,638,711 $20.58 $810,973 $14,803 $30,969 $8,402 $865,147 $0 $865,147 $2,545,596 2035 $6,458,111 $0 $7,564,419 $148,030 $309,689 $14,062 $8,036,200 $485,814 $280,000 $790,664 $79,723 $1,750,000 $1,605,479 $4,991,680 Type of TID: Blight Elimination 2005 TID Inception (3/7/2005) (1) The base value was recertified from $22,968,900 to $21,652,400 in 2024 2027 Final Year to Incur TIF Related Costs (2) Payment to Lighthouse 2032 Maximum Legal Life of TID (27 Years/No Extension) (3) Amounts per Village 2035 Maximum Legal Life of TID (27 Years + 3 Year Extension) (4) Amount provided by Village - F Street (5) Project Plan Amendment Dated 12/7/2020 Robert W. Baird & Co. Incorporated is providing this information to you for discussion purposes only. The info rmation does not contemplate or relate to a future issuance of municipal securities. Baird is not recommending that you take any action, and this information is not intended to be regarded as “advice”’ within the meaning of Section 15B of the Securities Exchange Act of 1934 or the rules thereunder. In providing this information, Baird is not acting as an advisor to you and does not owe you a fiduciary duty pursuant to Section 15B of the Securities Exchange Act of 1934. You should discuss the information contained herein with any and all internal or external advisors and experts you deem appropriate before acting on the information. Prepared by Robert W. Baird Co. Incorporated S:\Public Finance\municipalities\brown deer vg wi\tif\combined tif 3 and 4\2026\combined tif3_tif4 proforma12 brown deer vg_2025 current status.xlsx/mjm 6/30/2026 Current Status_TID #4 Village of Brown Deer Tax Increment District No. 4 Cash Flow Proforma Analysis Assumptions Annual Inflation During Life of TID………………………………………………… 1.00% 2025 Gross Tax Rate (per $1000 Equalized Value)………………………$20.58 Adjustment to Tax Rate……………………………………………………………………0.00% Investment rate……………………………………………………………………………… 0.50% Data above dashed line are actual RECIPIENT Background Data Revenues Expenditures TID Status (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (p) (q) Transfers Year End TIF District Inflation Construction TIF Increment Tax Tax Computer Developer from Total Existing Professional Payments to Administrative Combined Annual Cumulative Year Valuation Increment Increment Over Base Rate Revenue Aid Payment Guarantees TID #3 Revenues Debt Service Services Developer Expenses Expenditures Balance Balance Year (January 1) (2) (3) (3) (3) (December 31) Base Value (1) $19,269,200 $22,564,100 2023 $90,936,400 ($22,389,900) $49,277,300 $21.71 2023 2024 $68,546,500 $12,664,200 $61,941,500 $21.46 ($6,317,505) 2024 2025 $81,210,700 $812,107 $62,753,607 $20.58 ($6,570,088) 2025 2026 $82,022,807 $820,228 $500,000 $64,073,835 $20.58 $1,274,579 $6,360 $12,968 $250,000 $1,543,907 $10,000 $1,204,938 $130,000 $1,344,938 $198,969 ($6,371,119) 2026 2027 $83,343,035 $833,430 $64,907,265 $20.58 $1,291,290 $6,360 $12,968 $250,000 $1,560,618 $10,000 $1,214,542 $130,000 $1,354,542 $206,077 ($6,165,042) 2027 2028 $84,176,465 $841,765 $500,000 $66,249,030 $20.58 $1,318,456 $6,360 $12,968 $250,000 $1,587,785 $10,000 $1,234,530 $130,000 $1,374,530 $213,255 ($5,951,787) 2028 2029 $85,518,230 $855,182 $67,104,212 $20.58 $1,335,606 $6,360 $12,968 $504,986 $1,859,920 $10,000 $1,244,429 $130,000 $1,384,429 $475,491 ($5,476,296) 2029 2030 $86,373,412 $863,734 $67,967,946 $20.58 $1,363,216 $6,360 $12,968 $645,982 $2,028,526 $10,000 $1,264,716 $130,000 $1,404,716 $623,810 ($4,852,485) 2030 2031 $87,237,146 $872,371 $68,840,318 $20.58 $1,380,813 $6,360 $12,968 $658,562 $2,058,703 $10,000 $1,274,917 $130,000 $1,414,917 $643,787 ($4,208,699) 2031 2032 $88,109,518 $881,095 $2,000,000 $71,721,413 $20.58 $1,398,586 $6,360 $12,968 $795,949 $2,213,864 $10,000 $1,285,220 $130,000 $1,425,220 $788,644 ($3,420,054) 2032 2033 $90,990,613 $909,906 $72,631,319 $20.58 $1,416,537 $6,360 $12,968 $1,435,865 $702,822 $702,822 $733,043 ($2,687,011) 2033 2034 $91,900,519 $919,005 $73,550,324 $20.58 $1,475,822 $6,360 $12,968 $1,495,150 $0 $1,495,150 ($1,191,861) 2034 2035 $92,819,524 $928,195 $74,478,520 $20.58 $1,494,545 $6,360 $12,968 $1,513,873 $0 $1,513,873 $322,012 2035 $9,537,020 $3,000,000 $13,749,449 $63,604 $129,680 $3,355,479 $17,298,213 $0 $70,000 $9,426,112 $910,000 $10,406,112 Type of TID: Blight Elimination 2005 TID Inception (3/7/2005) (1) Assumes the base value was recertified from $19,798,600 to $19,269,200 in 2024 2027 Final Year to Incur TIF Related Costs (2) Amounts provided by Village (Fiduciary & Greenlink projects) 2035 Maximum Legal Life of TID (27 Years + 3 Year Extension) (3) Amounts per Village Robert W. Baird & Co. Incorporated is providing this information to you for discussion purposes only. The i nformation does not contemplate or relate to a future issuance of municipal securities. Baird is not recommending that you take any action, and this information is not intended to be regarded as “advice”’ within the meaning of Section 15B of the Securities Exchange Act of 1934 or the rules thereunder. In providing this information, Baird is not acting as an advisor to you and does not owe you a fiduciary duty pursuant to Section 15B of the Securities Exchange Act of 1934. You should discuss the information contained herein with any and all internal or external advisors and experts you deem appropriate before acting on the information. Prepared by Robert W. Baird Co. Incorporated S:\Public Finance\municipalities\brown deer vg wi\tif\combined tif 3 and 4\2026\combined tif3_tif4 proforma12 brown deer vg_2025 current status.xlsx/mjm 6/30/2026 Current Status_TID #5 Realistic Minimum Assessed Values Village of Brown Deer Tax Increment District No. 5 Cash Flow Proforma Analysis Assumptions Annual Inflation During Life of TID……………………………………………………………………………… 1.00% 2025 Gross Tax Rate (per $1000 Equalized Value)…………………………………………………… $20.58 Annual Adjustment to tax rate……………………………………………………………………………………… 0.00% Investment rate……………………………………………………………………………………………………………… 0.50% PRELIMINARY Data above dashed line are actual $1,970,000 Taxable G.O. Refunding Bonds Dated: April 1, 2028 TNANs Principal Refunded on 4/1/2028…… $4,090,000 Est. Excess Funds Available for Refunding… ($2,195,382) Cost of Issuance (est.)………………………………… $74,080 Rounding……………………………………………………… $1,302 Background Data Revenues Expenditures TID Status (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (p) (q) (r) (s) (t) Assessed F Street Riverside First Citizens Year End TIF District Inflation Construction Value TIF Increment Tax Tax Investment Total Existing Payments to Payments to Payments to Administrative Combined Annual Cumulative Year Valuation Increment Increment Adjustment Over Base Rate Revenue Proceeds Revenues Debt Service Developer Developer Developer Principal Interest Total Expenses Expenditures Balance Balance Year (January 1) (1) (2) (3) (4) (5) (4/1) (4/1 & 10/1) (December 31) Base Value AVG= $42,705,600 6.00% 2024 $42,705,600 $2,185,200 $2,185,200 $21.46 ($96,448) 2024 2025 $44,890,800 $448,908 $22,265,786 $24,899,894 $20.58 $0 $0 $0 $1,993,051 2025 2026 $67,605,494 $676,055 $3,400,755 $28,976,704 $20.58 $44,965 $9,965 $54,930 $41,051 $0 $41,051 $13,879 $2,006,930 2026 2027 $71,682,304 $716,823 $18,728,240 $48,421,767 $20.58 $512,369 $10,035 $522,403 $35,833 $412,469 $62,510 $60,000 $510,813 $11,591 $2,018,521 2027 2028 $91,127,367 $911,274 $7,600,888 $56,933,928 $20.58 $596,258 $10,093 $606,350 $29,700 $412,469 $128,458 $60,000 $570,627 $35,723 $2,054,244 2028 2029 $99,639,528 $996,395 $12,390,265 $70,320,588 $20.58 $996,382 $10,271 $1,006,653 $28,700 $412,469 $359,275 $103,026 $177,300 $177,300 $60,000 $1,080,769 ($74,117) $1,980,127 2029 2030 $113,026,188 $1,130,262 $3,990,000 $75,440,850 $20.58 $1,171,538 $9,901 $1,181,438 $27,700 $412,469 $458,197 $145,327 $55,000 $116,550 $171,550 $60,000 $1,215,243 ($33,805) $1,946,323 2030 2031 $118,146,450 $1,181,465 $2,660,000 $79,282,315 $20.58 $1,446,997 $9,732 $1,456,728 $26,700 $412,469 $524,144 $293,384 $60,000 $113,100 $173,100 $60,000 $1,429,797 $26,931 $1,973,254 2031 2032 $121,987,915 $1,219,879 $10,000,000 $90,502,194 $20.58 $1,552,357 $9,866 $1,562,223 $30,575 $412,469 $534,036 $356,837 $65,000 $109,350 $174,350 $60,000 $1,508,267 $53,957 $2,027,211 2032 2033 $133,207,794 $1,332,078 $91,834,272 $20.58 $1,631,403 $10,136 $1,641,539 $29,325 $412,469 $544,077 $399,138 $70,000 $105,300 $175,300 $60,000 $1,560,309 $81,230 $2,108,441 2033 2034 $134,539,872 $1,345,399 $93,179,671 $20.58 $1,862,276 $10,542 $1,872,819 $28,075 $412,469 $554,268 $564,513 $75,000 $100,950 $175,950 $60,000 $1,735,275 $137,544 $2,245,985 2034 2035 $135,885,271 $1,358,853 $1,500,000 $96,038,523 $20.58 $1,889,687 $11,230 $1,900,917 $26,825 $412,469 $564,612 $573,339 $75,000 $96,450 $171,450 $60,000 $1,748,695 $152,222 $2,398,206 2035 2036 $138,744,123 $1,387,441 $97,425,965 $20.58 $1,917,371 $11,991 $1,929,362 $30,600 $412,469 $575,111 $582,297 $80,000 $91,800 $171,800 $60,000 $1,772,277 $157,085 $2,555,291 2036 2037 $140,131,565 $1,401,316 $98,827,280 $20.58 $1,976,198 $12,776 $1,988,975 $302,278 $585,768 $591,390 $85,000 $86,850 $171,850 $60,000 $1,651,286 $337,689 $2,892,980 2037 2038 $141,532,880 $1,415,329 $100,242,609 $20.58 $2,004,748 $14,465 $2,019,213 $302,278 $596,584 $600,619 $90,000 $81,600 $171,600 $60,000 $1,671,082 $348,131 $3,241,111 2038 2039 $142,948,209 $1,429,482 $101,672,091 $20.58 $2,033,583 $16,206 $2,049,788 $302,278 $607,563 $609,987 $100,000 $75,900 $175,900 $60,000 $1,695,728 $354,061 $3,595,172 2039 2040 $144,377,691 $1,443,777 $103,115,868 $20.58 $2,062,706 $17,976 $2,080,682 $302,278 $618,707 $619,494 $105,000 $69,750 $174,750 $60,000 $1,715,229 $365,453 $3,960,625 2040 2041 $145,821,468 $1,458,215 $104,574,083 $20.58 $2,092,121 $19,803 $2,111,924 $302,278 $630,017 $629,145 $110,000 $63,300 $173,300 $60,000 $1,734,741 $377,184 $4,337,808 2041 2042 $147,279,683 $1,472,797 $106,046,880 $20.58 $2,121,830 $21,689 $2,143,519 $302,278 $641,497 $638,940 $120,000 $56,400 $176,400 $60,000 $1,759,116 $384,403 $4,722,211 2042 2043 $148,752,480 $1,487,525 $107,534,404 $20.58 $2,151,836 $23,611 $2,175,447 $302,278 $653,150 $648,883 $125,000 $49,050 $174,050 $60,000 $1,778,361 $397,086 $5,119,297 2043 2044 $150,240,004 $1,502,400 $109,036,804 $20.58 $2,182,142 $25,596 $2,207,738 $302,278 $664,977 $658,974 $135,000 $41,250 $176,250 $60,000 $1,802,480 $405,259 $5,524,555 2044 2045 $151,742,404 $1,517,424 $110,554,228 $20.58 $2,212,751 $27,623 $2,240,373 $302,278 $676,982 $669,217 $140,000 $33,000 $173,000 $60,000 $1,821,477 $418,896 $5,943,452 2045 2046 $153,259,828 $1,532,598 $112,086,827 $20.58 $2,243,666 $29,717 $2,273,383 $302,278 $689,166 $679,613 $150,000 $24,300 $174,300 $60,000 $1,845,358 $428,025 $6,371,477 2046 2047 $154,792,427 $1,547,924 $113,634,751 $20.58 $2,274,890 $31,857 $2,306,747 $701,534 $690,166 $160,000 $15,000 $175,000 $60,000 $1,566,700 $740,048 $7,111,524 2047 2048 $156,340,351 $1,563,404 $115,198,154 $20.58 $2,306,427 $35,558 $2,341,984 $714,087 $700,877 $170,000 $5,100 $175,100 $60,000 $1,590,064 $751,921 $7,863,445 2048 2049 $157,903,754 $1,579,038 $116,777,192 $20.58 $2,338,278 $39,317 $2,377,596 $753,998 $88,906 $842,904 $1,534,692 $9,398,137 2049 2050 $159,482,792 $1,594,828 $118,372,020 $20.58 $2,370,449 $46,991 $2,417,439 $2,417,439 $11,815,576 2050 2051 $161,077,620 $1,610,776 $119,982,796 $20.58 $2,402,941 $59,078 $2,462,019 $2,462,019 $14,277,595 2051 2052 $2,435,758 $71,388 $2,507,146 $2,507,146 $16,784,741 2052 $35,261,663 $72,535,934 $10,000,000 $48,831,925 $607,413 $49,439,337 $294,033 $7,188,522 $12,838,720 $10,844,073 $1,970,000 $1,512,300 $3,482,300 $1,320,000 $34,647,648 Type of TID: Blight Elimination/Rehabilitation (1) Woodsonia minimum assessments pertaining to the 4000 Brown Deer Road project. $3,420,000 2024 TID Inception (12/4/2023) (2) Adjustment per Village to reflect more realistic minimum assessed values pertaining to the 4000 Brown Deer Road project. ($1,924,618) 2046 Final Year to Incur TIF Related Costs (3) Assumes 95% of F Street tax revenues are repaid to the developer 2025-2036; 65% of tax revenues 2037-2046. $1,495,382 2051 Maximum Legal Life of TID (27 Years) (4) Assumes 90% of Riverside tax revenues are repaid to the developer until $12,838,720. 2052 Final Tax Collection Year (5) 80% of tax revenues pertaining to the 4000 Brown Deer Road project until $10,844,073. ($600,000) $1,300,000 $2,195,382 Robert W. Baird & Co. Incorporated (“Baird”) is not recommending any action to you. Baird is not acting as an advisor to you and does not owe you a fiduciary duty pursuant to Section 15B of the Securities Exchange Act of 1934. Baird is acting for its own interests. You should discuss the information contained herein with any and all internal or external advisors and experts you deem appropriate before acting on the information. Baird seeks to serve as an underwriter (or placement agent) on a future transaction and not as a financial advisor or municipal advisor. The primary role of an underwriter (or placement agent) is to purchase, or arrange for the placement of, securities in an arm’s length commercial transaction with the issuer, and it has financial and other interests that differ from those of the issuer. The information provided is for discussion purposes only, in seeking to serve as underwriter (or placement agent). See “Important Disclosures” contained herein. Prepared by Robert W. Baird Co. Incorporated S:\Public Finance\municipalities\brown deer vg wi\tif\tif 5\2026\tif5 proforma42 brown deer vg_2025 current status.xlsx/mjm 6/30/2026 Current Status_TID #6 Village of Brown Deer Tax Increment District No. 6 Cash Flow Proforma Analysis Assumptions Annual Inflation During Life of TID……………………………………………………………… 1.00% 2025 Gross Tax Rate (per $1000 Equalized Value)…………………………………… $20.58 Annual Adjustment to tax rate……………………………………………………………………… 0.00% Investment rate…………………………………………………………………………………………… 0.50% Data above dashed line are actual Background Data Revenues Expenditures TID Status (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) Tax Revenues Year End TIF District Inflation Construction TIF Increment Tax Tax Investment Total Available Payments to Administrative Combined Annual Cumulative Year Valuation Increment Increment Over Base Rate Revenue Proceeds Revenues for Developer Developer Expenses Expenditures Balance Balance Year (January 1) 60% $661,680 (December 31) Base Value Until $3,709,900 $661,680 2024 $3,709,900 $1,589,000 $1,589,000 $21.46 ($11,750) 2024 2025 $5,298,900 $52,989 $1,102,800 $2,744,789 $20.58 $0 ($26,750) 2025 2026 $6,454,689 $64,547 $1,102,800 $3,912,136 $20.58 $32,697 $0 $32,697 $19,618 $15,000 $15,000 $17,697 ($9,053) 2026 2027 $7,622,036 $76,220 $3,988,356 $20.58 $56,480 $0 $56,480 $33,888 $33,888 $15,000 $48,888 $7,592 ($1,461) 2027 2028 $7,698,256 $76,983 $4,065,339 $20.58 $80,501 $0 $80,501 $48,300 $48,300 $15,000 $63,300 $17,200 $15,739 2028 2029 $7,775,239 $77,752 $4,143,091 $20.58 $82,069 $79 $82,148 $49,241 $49,241 $15,000 $64,241 $17,906 $33,646 2029 2030 $7,852,991 $78,530 $4,221,621 $20.58 $83,653 $168 $83,821 $50,192 $50,192 $15,000 $65,192 $18,629 $52,275 2030 2031 $7,931,521 $79,315 $4,300,936 $20.58 $85,253 $261 $85,514 $51,152 $51,152 $15,000 $66,152 $19,363 $71,638 2031 2032 $8,010,836 $80,108 $4,381,045 $20.58 $86,869 $358 $87,227 $52,121 $52,121 $15,000 $67,121 $20,106 $91,743 2032 2033 $8,090,945 $80,909 $4,461,954 $20.58 $88,501 $459 $88,960 $53,101 $53,101 $15,000 $68,101 $20,859 $112,602 2033 2034 $8,171,854 $81,719 $4,543,673 $20.58 $90,149 $563 $90,712 $54,090 $54,090 $15,000 $69,090 $21,623 $134,225 2034 2035 $8,253,573 $82,536 $4,626,208 $20.58 $91,814 $671 $92,485 $55,089 $55,089 $15,000 $70,089 $22,397 $156,622 2035 2036 $8,336,108 $83,361 $4,709,569 $20.58 $93,496 $783 $94,279 $56,097 $56,097 $15,000 $71,097 $23,181 $179,803 2036 2037 $8,419,469 $84,195 $4,793,764 $20.58 $95,194 $899 $96,093 $57,116 $57,116 $15,000 $72,116 $23,977 $203,780 2037 2038 $8,503,664 $85,037 $4,878,801 $20.58 $96,909 $1,019 $97,928 $58,146 $58,146 $15,000 $73,146 $24,783 $228,563 2038 2039 $8,588,701 $85,887 $4,964,688 $20.58 $98,642 $1,143 $99,785 $59,185 $43,147 $15,000 $58,147 $41,638 $270,201 2039 2040 $8,674,588 $86,746 $5,051,434 $20.58 $100,392 $1,351 $101,743 $60,235 $15,000 $15,000 $86,743 $356,943 2040 2041 $8,761,334 $87,613 $5,139,047 $20.58 $102,159 $1,785 $103,944 $61,295 $15,000 $15,000 $88,944 $445,887 2041 2042 $8,848,947 $88,489 $5,227,537 $20.58 $103,944 $2,229 $106,174 $62,366 $15,000 $15,000 $91,174 $537,061 2042 2043 $8,937,437 $89,374 $5,316,911 $20.58 $105,747 $2,685 $108,432 $63,448 $15,000 $15,000 $93,432 $630,493 2043 2044 $9,026,811 $90,268 $5,407,179 $20.58 $107,568 $3,152 $110,720 $64,541 $15,000 $15,000 $95,720 $726,213 2044 2045 $9,117,079 $91,171 $5,498,350 $20.58 $109,407 $3,631 $113,038 $65,644 $15,000 $15,000 $98,038 $824,251 2045 2046 $9,208,250 $92,082 $5,590,432 $20.58 $111,264 $4,121 $115,386 $66,759 $15,000 $15,000 $100,386 $924,637 2046 2047 $9,300,332 $93,003 $5,683,436 $20.58 $113,140 $4,623 $117,764 $67,884 $15,000 $15,000 $102,764 $1,027,400 2047 2048 $9,393,336 $93,933 $5,777,369 $20.58 $115,035 $5,137 $120,172 $69,021 $15,000 $15,000 $105,172 $1,132,572 2048 2049 $9,487,269 $94,873 $5,872,242 $20.58 $116,949 $5,663 $122,612 $70,169 $15,000 $15,000 $107,612 $1,240,184 2049 2050 $9,582,142 $95,821 $5,968,063 $20.58 $118,882 $6,201 $125,083 $71,329 $15,000 $15,000 $110,083 $1,350,267 2050 2051 $9,677,963 $96,780 $6,064,843 $20.58 $120,834 $6,751 $127,585 $72,500 $127,585 $1,477,852 2051 2052 $122,806 $7,389 $130,195 $73,683 $130,195 $1,608,047 2052 $2,270,243 $2,205,600 $2,610,354 $61,123 $2,671,477 $1,566,212 $661,680 $375,000 $1,036,680 Type of TID: Blight Elimination/Rehabilitation (1) Minimum assessment per Broadway Partners. 2024 TID Inception (7/15/2024) 2046 Final Year to Incur TIF Related Costs 2051 Maximum Legal Life of TID (27 Years) 2052 Final Tax Collection Year Robert W. Baird & Co. Incorporated is providing this information to you for discussion purposes. The materials do not contemplate or relate to a future issuance of municipal securities. Baird is not recommending that you take any action, and this information is not intended to be regarded as “advice” within the meaning of Section 15B of the Securities Exchange Act of 1934 or the rules thereunder. Prepared by Robert W. Baird Co. Incorporated S:\Public Finance\municipalities\brown deer vg wi\tif\tif 6\2026\tif6 proforma6 brown deer vg_2025 current status.xlsx/mjm 6/30/2026 REQUEST FOR CONSIDERATION COM MITTEE CONSIDERATION: Village Board ITEM DESCRIPTION: Present Overview of Current Outstanding Debt PREPARED BY: Tyler Burkart, Village Manager | Derrick Danner, Finance Director REPORT DATE: July 6, 2026 RECOMMENDATION: No formal recommendation is provided. EXPLANATION: Vi llage staff is proactively presenting to the Village Board the current amounts for each outstanding debt issuance: • Eac h debt issuance has a different allocation of repayment depending on the projects that the debt is funding • Every year, the Village levies money to pay the interest and principal amounts that are not associated with the utilities or the TIDs • The Village does not have much say when preparing the upcoming budget. There is a debt payment due every year on April 1 and October 1 • The goal when we do our capital improvement fund each year is to try and steady the amounts so that there is less volatility in the size of the debt payments • The debt issuances go back to 2011 and all the way up to the 2026 debt issuance that was done this year • The new DPW building, the new library, and other similar debt issuances could be amortized over 20 years, whereas other newer debt issuances are amortized over 10 years • The columns on the left show the total amount due each year. The middle columns show the total due for each utility and for each TID. The far right column is the amount that the Village will need to levy for those years in order to make the payments WATER SEWER 11 BONDS 11 BONDS STORM 12 BONDS 12 BONDS 14 BONDS 14 BONDS 14 BONDS 16 BONDS TOTAL DEBT SERVICE REQUIREMENTS 16 BONDS 16 BONDS 18 BONDS 20 BONDS 18 BONDS 18 BONDS NET 22 NOTES 18 BONDS 20 BONDS TID #3 DEBT Calendar 24 NOTES 20 BONDS 24 NOTES 12 BONDS TID #5 SERVICE Year Principal Interest Total 26 NOTES 22 NOTES 26 NOTES 16 BONDS 26 NOTES (Levy Amount) 2026 2,960,000$ 786,120$ 3,746,120$ ( 211,309)$ ( 273,071)$ ( 485,319)$ ( 353,033)$ -$ 2,423,388$ 2027 3,160,000$ 993,441$ 4,153,441$ ( 458,588)$ ( 275,555)$ ( 630,704)$ ( 27,781)$ ( 117,883)$ 2,642,930$ 2028 3,170,000$ 782,814$ 3,952,814$ ( 241,261)$ ( 257,934)$ ( 486,156)$ ( 27,188)$ ( 5,700)$ 2,934,575$ 2029 3,220,000$ 667,904$ 3,887,904$ ( 239,966)$ ( 265,100)$ ( 488,656)$ ( 26,563)$ ( 5,700)$ 2,861,919$ 2030 2,945,000$ 558,225$ 3,503,225$ ( 287,198)$ ( 257,528)$ ( 338,006)$ ( 25,937)$ ( 5,700)$ 2,588,856$ 2031 2,605,000$ 461,063$ 3,066,063$ ( 281,095)$ ( 265,280)$ ( 351,981)$ ( 25,312)$ ( 5,700)$ 2,136,695$ 2032 2,405,000$ 372,063$ 2,777,063$ ( 219,688)$ ( 238,063)$ ( 344,194)$ ( 20,325)$ 1,954,793$ 2033 2,010,000$ 290,669$ 2,300,669$ ( 152,900)$ ( 127,744)$ ( 333,863)$ ( 33,025)$ 1,653,137$ 2034 1,840,000$ 217,263$ 2,057,263$ ( 156,775)$ ( 84,706)$ ( 249,475)$ ( 28,075)$ 1,538,232$ 2035 1,435,000$ 154,006$ 1,589,006$ ( 116,100)$ ( 82,284)$ ( 197,113)$ ( 34,075)$ 1,159,434$ 2036 1,405,000$ 101,230$ 1,506,230$ ( 98,300)$ ( 60,128)$ ( 161,216)$ ( 37,850)$ 1,148,736$ 2037 910,000$ 60,850$ 970,850$ ( 63,150)$ ( 126,475)$ 781,225$ 2038 940,000$ 29,550$ 969,550$ ( 61,050)$ ( 121,585)$ 786,915$ 2039 225,000$ 10,275$ 235,275$ 235,275$ 2040 230,000$ 3,450$ 233,450$ 233,450$ 29,460,000$ 5,488,923$ 34,948,923$ (2,463,180)$ ( 2,311,593)$ ( 4,314,743)$ ( 485,814)$ ( 294,033)$ 25,079,560$ Village of Brown Deer Existing Debt Service Payments OFFSETTING REVENUES