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BROWN DEER VILLAGE BOARD JULY 6 , 202 6 MEETING MINUTES HELD AT THE BROWN DEER VILLAGE HALL 4800 WEST GREEN BROOK DRIVE The meeting was called to order by President Montgomery at 6:0 0 pm. I. Roll Call Present: President Montgomery, Trustees Edelen, Greaves , Johnson, Owens , Thompson and Woods Also Present : Village Attorney Nathan Bayer , Village Manager Tyler Burkart , Community Services Director Nate Piotrowsk i, Finance Director Derrick Danner and Village Clerk Caren Brustmann II. Persons Desiring to be Heard There were no persons desiring to be heard. III. Elected Officials & Staff Reports Trustee Johnson inquired about the meeting Mr. Burkart had with potential developers about the Hansen Storage site. Mr. Burkart responded that any redevelopment would need to meet a high valuation based on the $8 million acquisition price . Mr. Piotrowski added that s ingle-family homes are challenging due to construction costs today , however there are opportunities for for-sale products like stacked flats or townhomes . No action was taken. IV. 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. It was moved by Trustee Thompson and seconded by Trustee Owens to approve the consent agenda as presented. The motion carried unanimously. V. New Business A) Consider Approval of Agreement and Offer to Purchase with Donut Monster LLC at 8725 N. Deerwood Dr. Mr. Burkart presented an agreement to purchase property from Donut Monster LLC at 8725 N . Deerwood Dr . for $425,000 . The building will have a guaranteed assessed valuation of $750,000 including a commercial kitchen to be completed by January 1, 2028. T he closing is scheduled for September 7, 2026 . Discussion followed with inquiries about the dollar amount that would go towards park improvements. Mr. Burkart stated about $200,000 is expected to be available for the park development . It was moved by Trustee Woods and seconded by Trustee Edelen to approve an agreement and offer to purchase with Donut Monster LLC at 8725 N. Deerwood Drive. The motion carried unanimously. B) Consider Approval of a Certified Survey Map Land Division at 8725 N. Deerwood Drive Mr. Piotrowski stated as part of the sale of the building at 8725 N. Deerwood Dr., it ’s necessary to divide the building from the remainder of Community Square. Approval of the proposed CSM is recommended which includes a pedestrian access easement on the south side of the building. It was moved by Trustee Greaves and seconded by Trustee Owens to approve the certified survey map land division at 8725 N. Deerwood Dr. The motion carried unanimously. C) Presentation on Financial Status of Tax Incremental Districts Mr. Burkart provided an update on the financial status of the four tax incremental districts (TIDs). TID 3 is performing well and will likely not need additional projects . TID 4 has plateaued, however, it is anticipated with future developer payments it will improve. TID 5 and TID 6 were recently created, with Village 43 and Riverside Landing helping TID 5. Atlas Assisted Living will be a help for TID 6. No action was taken. D) Presentation on Future Debt Obligations Mr. Burkart highlight ed that while current debt service appears to decline, future debt issuance will increase levies by approximately 2% annually . H igher interest rates today, 5% compared to 2% in the past, and increased construction costs , present challenges for debt management. Discussion followed about remaining debt amounts for the DPW and library buildings . Mr. Danner confirm ed these projects are scheduled to be paid off around 2030 . No action was taken. VII. Adjournment It was moved by President Montgomery to adjourn at 6:28 p.m. Caren Brustmann Village Cler k