TID 11 Draft Project Plan

Village of Pleasant Prairie Tax Increment District No. 11 - Amendment Tax Increment District No. 11 (IH-94 Area Project – TID 11) PROJECT PLAN AMENDMENT No. 1 District Type: Mixed Use Creation Date: April 22, 2024 Expenditure Period Ends: April 22, 2039 Termination Date: April 22, 2044 First Amendment Date: August 10, 2026 F or Consideration by the Village Board on August 10, 2026 Table of Contents Description Page Introduction & Amendment Schedule ............................................................................................................................... 1 District Type Declaration and Confirmation ...................................................................................................................... 2 Statement of Kind, Number of, Location & General Description of Amended Project .................................................... 2 Project Cost Summary Updated ......................................................................................................................................... 3 Statement of Findings ........................................................................................................................................................ 4 Economic Feasibility Analysis ............................................................................................................................................. 5 Revenue and Cash Flow Projections .................................................................................................................................. 6 Historic Percent of Tax Rate for Overlapping Taxing Districts .......................................................................................... 7 Share of Tax Increments Paid by Other Taxing Entities ..................................................................................................... 7 Financing Methods ............................................................................................................................................................. 8 Public Debt–Preliminary Sources and Uses ....................................................................................................................... 8 Public Debt – Preliminary Debt Service Estimate s ............................................................................................................ 8 Developer Revenue Bond Aggregate Estimated Payment Schedule ................................................................................ 9 Proposed Zoning, Master Plan Changes & Non-Project Costs .......................................................................................... 9 Tax Increment District No. 11 Legal Description of Parcels (as amended) ....................................................................... 10 M aps (attached as a separate file) MAP 1 – Original TID Boundary & Parcels ......................................................................................................................... M-1 MAP 2 – Proposed Amended TID Boundary & Parcels ...................................................................................................... M-2 MAP 3 – Boundaries, Floodplain & Wetlands (Existing & Proposed Area) ....................................................................... M-3 MAP 4 – Existing Sewer, Water & Storm Main .................................................................................................................. M-4 MAP 5 – Proposed Sewer, Water & Storm Main ............................................................................................................... M-5 MAP 6 - Existing Zoning ...................................................................................................................................................... M-6 MAP 7 - Proposed Zoning ................................................................................................................................................... M-7 MAP 8 - Existing Uses ......................................................................................................................................................... M-8 MAP 9 - Existing Land Use Plan .......................................................................................................................................... M-9 MAP 10 - Proposed Land Use Plan – Entire TID 11 ............................................................................................................ M-10 S upporting Documentation (attached as a separate file ; items will be added as they become available ) Appendix A: Legal Opinion for Completeness and Accuracy ............................................................................................ Appendix B: Resolution of Plan Commission ( Adopting Boundaries, Public Hearing Date, Preliminary Project Plan) ... Appendix C: Resolution of Plan Commission Public Hearing (A ffirm Boundaries & Adopt Project Plan) ........................ Appendix D: Letters to Taxing Jurisdictions ....................................................................................................................... Appendix E: Affidavits of Publication for all Notices ......................................................................................................... Appendix F: Resolution of Village Board Approving Amendment of TID 11 ..................................................................... Appendix G: Resolution of Joint Review Board Approving Amendment of TID 11 .......................................................... Appendix H: Plan Commission Meeting Minutes .............................................................................................................. Appendix I: Village Board Meeting Minutes ...................................................................................................................... Appendix J: Joint Review Board Meeting Minutes ............................................................................................................ Introduction and Amendment Schedule Tax Increment District No. 11 (“TID 11” or the “District” ) is an existing mixed -use district that was created on April 22, 2024 within the boundaries of the Village of Pleasant Prairie (the “Village”). This project plan amendment (“Amended Project Plan”) supplements and does not supersede or replace any component of the original project plan dated April 22, 2024 (the “Project Plan”), unless specifically stated. All original components of the Project Plan that are not amended in this document remain in effect. T he Village proposes to amend the boundaries and the projects costs of TID 11. Map 1 shows the current boundaries of TID 11 along with tax parcel numbers and Map 2 shows the proposed amended boundaries. Additional maps include water, sewer and storm water, zoning & floodplain and wetlands and are included in a separate file with all the maps. Wi sconsin Statutes Section 66.1105(4)(h)2 provides authority for a Village to amend the boundaries of an existing Tax Increment District for purposes of adding or subtracting territory up to a total of four (4) times during the life of the District. A three -phas ed approval process is required to amend TIF Districts including approval by the Plan Commission, Village Board , and the Joint Review Board (JRB). The following is the meeting schedule for the Village of Pleasant Prairie TID 11 amendment process: Date Meeting 6/24/2026 First JRB Meeting 7/20/2026 Plan Commission Public Hearing & Meeting 8/10/2026 Village Board Meeting 8/25/2026 2nd JRB Meeting On or after 8/26/2026 Submit Approval Documents to DOR The Project Plan Amendment for TID 11 in the Village has been prepared in compliance with Wisconsin Statutes Section 66.1105. The Amended Project Plan establishes the new boundaries and updates the expected improvements or project costs within the TID. The Amended Project Plan is to be adopted by resolution of the J RB and Village Board on the recommendation of the Village Plan Commission following a public hearing and adoption of a resolution by the Plan Commission. I mplementation of the Amended Project Plan and construction of the public and private improvements listed in this Amended Project Plan will still require individual consideration and authorization by the Village Board. Public expenditures for projects listed in the Amended Project Plan should and will be based on the ability of the Village and the Developer to finance the projects, market conditions, and the status of development in the various time periods that portions of the project are scheduled for construction. 06/17/2026 Page 1 The Village Board is not mandated to make the public expenditures described in this Amended Project Plan but is limited to the types of expenditures listed herein. Any changes to the boundaries or types of eligible projects will require a formal amendment to the Amended Project Plan with public review by (including a public hearing) the Plan Commission and the Village Board with JRB approval. Redistribution of project expenditures from one project category to another will not require an amendment to the Amended Project Plan. District Type Declaration and Confirmation TID 11 is and will continue to be a mixed-use district and not less than fifty percent (50%) of the District, by area, is suitable for mixed-use development. After the proposed amendment, approximately 28% of the property in TID 11 is expected to be used for industrial development, 11% of the property in TID 11 is expected to be used for commercial development and 10% of the property is expected to be used for newly platted residential development. It is estimated that 10% of the territory in TID 11 will be devoted to retail business at the end of TID 11’s maximum expenditure period. Diagrams detailing proposed boundaries, tax parcels, existing uses and conditions, wetlands, proposed improvements, zoning, and land use information are shown on maps one through ten (1) through (10) deemed attached hereto and submitted as a separate file due to file size constraints. Statement of Kind, Number of, Location & General Description of Amended Project Tax Increment District No. 11 The original TID 11 project boundaries are shown on Map 1, included in the appendices. The proposed TID 11 amended project boundaries are included in Map 2 and described below. The boundaries of the amended District will include the streets, highways and intersections as shown on the boundary map attached. The district runs roughly from CTH C to the north, with parcels adjacent to both sides of Interstate 94 south to CTH ML. See “Legal Description” herein for a legal description of TID 11. TID 11 includes the following additional Tax Parcels for Amendment No. 1: (Remainder of page left blank intentionally) 06/17/2026 Page 2 There are no changes to the original parcels included in TID 11. Project Cost Summary Updated The amended estimated total project cost for the design and construction of TID 11 improvements is $83,403,600. Financing Costs in the below table do not include interest on the debt obligations which amounts may vary and are estimated in schedules contained in this Amended Project Plan . Interest costs, including any capitalized interest, shall be eligible project costs in addition to the total project costs set forth. Project costs are currently estimated in the amounts and categories below and are subject to change: Count Parcel Acres 2026 Asmt 1 92-4-122-181-0271 22.110 422,100 2 92-4-122-181-0275 21.260 413,600 3 92-4-122-181-0401 56.420 435,700 4 92-4-122-181-0541 3.190 186,200 5 92-4-122-182-0160 0.861 403,800 6 92-4-122-182-0171 0.658 104,600 7 92-4-122-182-0173 0.778 101,300 8 92-4-122-182-0175 0.901 380,500 9 92-4-122-183-0155 6.980 146,200 10 92-4-122-183-0160 2.956 0 11 92-4-122-183-0161 82.656 0 12 92-4-122-183-0162 2.099 6,300 13 92-4-122-183-0300 14.081 275,400 14 92-4-122-183-0320 0.919 459,900 15 92-4-122-184-0103 5.000 639,100 16 92-4-122-184-0104 33.062 647,100 17 92-4-122-184-0400 39.020 83,300 18 92-4-122-184-0450 27.710 0 320.661 4,705,100 Project Plan New Total Increase in Category Projected Cost Projected Cost Projected Cost Improvements 54,395,000 81,120,000 26,725,000 Legal, Admin, Other 1,631,850 2,283,100 651,250 Total 56,026,850 83,403,100 27,376,250 Total TID Costs 56,026,850 83,403,100 27,376,250 06/17/2026 Page 3 Statement of Findings The Village finds as follows with respect to the project plan amendment: The proposed Amended Project Plan is feasible and, with the proposed changes to the Village Comprehensive Plan and Comprehensive Plan Map set forth in this Amended Project Plan , will be in conformity with the Comprehensive Plan of the Village. 1) TID 11 is contiguous and contains only whole units of property as are assessed for general tax purposes. 2) The creation date of the District for the purpose of allocating tax increment is January 1, 20 24 and the amendment date is August 10, 2026. 3) The newly pl atted residential development in the District will not exceed 35% of the area of the District. 4) Without the use of TIF funding, TID 11 development projects would not occur (“But For” statement). 5) The Project costs promote the orderly development of property within the Village boundaries. 6) Statute 66.1105(4)(gm)4.a.: Not less than fifty percent (50%) by area, of the real property within the proposed district, is suitable for mixed-use development. 7) Statute 66.1105(4)(gm)4.b.: The improvement of the area will significantly enhance the value of all real property within the proposed District. 8) Statute 66.1105(4)(gm)4.bm.: The proposed amended project costs within Tax Increment District 11 relate directly to promoting mixed -use development consistent with the purpose for which the Tax Increment District was created. Description Estimated Cost Gr ading 6,220,000 Roadways 19,200,000 Water 11,500,000 Sewer 8,525,000 Other 30,175,000 TOTAL 75,620,000 PLUS: Project Costs Expended to Date 5,500,000 Total TID#11 Project Costs 81,120,000 06/17/2026 Page 4 9) 66.1105(4)(gm)4.c. the equalized value of taxable property to be added to the district plus the value increment of all existing districts, including the district, does not exceed 12% of the total equalized value of taxable property within the Village. 2026 equalized value of taxable property added to TID#11 by Amendment No. 1: $4,705,100 2025 equalized value increment of all districts: $691,870,200 Combined equalized value of property to be added plus increment of all existing Districts $696,575,300 12 percent of the total 2025 equalized value of taxable property in the Village: $788,955,384 Total EV 2025 $ 6,574,628,200 Based on the calculation above, the Village and the amended TID #11 meet the requirements of the 12% test. Economic Feasibility Analysis An updated cashflow projection for the amended TID 11 is attached. This projection shows the economic feasibility using the amended total costs and includes public debt already issued in 2025 for a portion of project costs of TID 11. (Remainder of page left blank intentionally) TID4 $2,847,300 TID5 $359,450,600 TID6 $23,286, 700 TID7 $59,152,600 TID8 $70,754,400 TID10 $122,021,900 TID11 $45,989,500 TID12 $8,367,200 Total $691,870,200 06/17/2026 Page 5 Revenue and Cash Flow Projections Village of Pleasant Prairie Estimated Cashflow for Project Plan Amendment No. 1 Cash Flow Projections - TID No. 11 - IH-94 Area Project - Mixed Use Creation Year: 2024 Resolution Date: 4/22/2024 Expenditure Period Ends: 4/22/2039 Termination Date: 4/22/2044 Last Collection Year: 2045 Extension Available: Yes up to 3 years Date Prepared: 6/10/2026 MRO 33,700,000 2026 $5,515,000 $8,560,000 $4,385,000 $10,590,000 $6,495,000 $13,200,000 5.00% Value Taxable For Collect Tax Eligible Total Actual Projected Projected Projected Projected Projected Projected Returned to Fund For During as of Incremental Collection Tax Increment Capitalized Interest Village All G.O. Debt G.O. Debt G.O. Debt G.O. Debt G.O. Debt G.O. Debt MRO Taxing Balance Collection Year Amount 01/01 Value Year Rate Collections Interest Income Expenses Revenues 05/28/25 11/01/26 11/01/27 11/01/28 11/01/29 11/01/32 01/01/28 Jurisdictions 12/31 Year 2021 2022 2023 (2,323) (A) (2,323) (2,323) (E) 2023 2022 2023 2024 (88,910) (A) (88,910) (91,233) (A) 2024 2023 2024 2025 416,344 (A) 6,472 (A) (17,774) (A) 405,043 313,810 (A) 2025 2024 45,989,500 (A) 2025 45,989,500 (A) 2026 14.350 (A) 659,970 (A) 30,000 (E) (20,150) (P) 669,820 (292,634) 690,996 (E) 2026 2025 74,488,700 (E) 2026 120,478,200 (E) 2027 14.350 (E) 1,728,862 (E) (2,500) (P) 1,726,362 (249,050) (428,000) 1,740,308 (E) 2027 2026 115,412,250 (E) 2027 235,890,450 (E) 2028 14.350 (E) 3,385,028 (E) (2,500) (P) 3,382,528 (249,050) (2,228,000) (219,250) (1,117,059) 1,309,477 (E) 2028 2027 175,767,400 (N) 2028 411,657,850 (E) 2029 14.350 (E) 5,907,290 (E) (2,500) (P) 5,904,790 (249,050) (2,938,000) (219,250) (529,500) (1,949,406) 1,329,061 (E) 2029 2028 112,815,900 (E) 2029 524,473,750 (E) 2030 14.350 (E) 7,526,198 (E) (2,500) (P) 7,523,698 (1,059,050) (2,908,000) (219,250) (529,500) (324,750) (2,483,645) 1,328,564 (E) 2030 2029 80,419,950 (E) 2030 604,893,700 (E) 2031 14.350 (E) 8,680,225 (E) (2,500) (P) 8,677,725 (1,066,650) (1,533,000) (2,319,250) (529,500) (324,750) (2,864,474) 1,368,665 (E) 2031 2030 33,170,550 (E) 2031 638,064,250 (E) 2032 14.350 (E) 9,156,222 (E) (2,500) (P) 9,153,722 (1,072,650) (2,399,250) (2,329,500) (324,750) (3,021,553) 1,374,684 (E) 2032 2031 40,074,750 (E) 2032 678,139,000 (E) 2033 14.350 (E) 9,731,295 (E) (2,500) (P) 9,728,795 (1,073,150) (4,439,500) (324,750) (660,000) (3,211,327) 1,394,751 (E) 2033 2032 22,851,750 (E) 2033 700,990,750 (E) 2034 14.350 (E) 10,059,217 (E) (2,500) (P) 10,056,717 (1,085,750) (4,639,500) (324,750) (660,000) (3,319,542) 1,421,926 (E) 2034 2033 23,423,100 (E) 2034 724,413,850 (E) 2035 14.350 (E) 10,395,339 (E) (2,500) (P) 10,392,839 (1,081,500) (409,500) (4,874,750) (660,000) (3,430,462) 1,358,553 (E) 2035 2034 24,008,550 (E) 2035 748,422,400 (E) 2036 14.350 (E) 10,739,861 (E) (2,500) (P) 10,737,361 (2,042,250) (5,160,000) (3,544,154) 1,349,511 (E) 2036 2035 24,608,700 (E) 2036 773,031,100 (E) 2037 14.350 (E) 11,092,996 (E) (2,500) (P) 11,090,496 (4,935,000) (6,101,148) 1,403,859 (E) 2037 2036 25,224,075 (E) 2037 798,255,175 (E) 2038 14.350 (E) 11,454,962 (E) (2,500) (P) 11,452,462 (4,410,000) (6,300,229) 2,146,092 (E) 2038 2037 25,854,600 (E) 2038 824,109,775 (E) 2039 14.350 (E) 11,825,975 (E) (2,500) (P) 11,823,475 (10,643,378) 3,326,189 (E) 2039 2038 26,501,025 (E) 2039 850,610,800 (E) 2040 14.350 (E) 12,206,265 (E) (2,500) (P) 12,203,765 (2,414,876) (13,115,078) 0 (E) 2040 2039 27,163,425 (E) 2040 877,774,225 (E) 2041 14.350 (E) 12,596,060 (E) (2,500) (P) 12,593,560 0 (E) 2041 2040 27,842,550 (E) 2041 905,616,775 (E) 2042 14.350 (E) 12,995,601 (E) (2,500) (P) 12,993,101 0 (E) 2042 2041 28,538,700 (E) 2042 934,155,475 (E) 2043 14.350 (E) 13,405,131 (E) (2,500) (P) 13,402,631 0 (E) 2043 2042 29,252,025 (E) 2043 963,407,500 (E) 2044 14.350 (E) 13,824,898 (E) (2,500) (P) 13,822,398 0 (E) 2044 2043 29,983,425 (E) 2044 993,390,925 (E) 2045 14.350 (E) 14,255,160 (E) (2,500) (P) 14,252,660 0 (E) 2045 993,390,925 191,626,555 416,344 36,473 (176,657) 191,902,715 (7,478,534) (10,035,000) (5,376,250) (13,406,500) (8,540,750) (16,485,000) (50,401,254) (13,115,078) (A) Actual Project Costs 5,500,000 + 8,300,000 + 4,250,000 + 10,270,000 + 6,300,000 + 12,800,000 + 33,700,000 = 81,120,000 (E) Estimated. 2029-2030 2032-2035 (N) Includes addition of new project projected value $79 million on additional property after amendment. (P) Projected, actual expenses to be reimbursed to the extent eligible under Wisconsin statutes. Borrowed in 2025 5,500,000 Remaining 75,620,000 Change Takes Place Taxable Incremental Value 06/17/2026 Page 6 Historic Percent of Tax Rate for Overlapping Taxing Districts Share of Tax Increments Paid by Other Taxing Entities All Gateway Budget School Technical Kenosha Year Village Districts College County TOTAL 2026 4.01 6.01 0.57 3.52 14.11 2025 3 . 94 5.08 0.56 3.41 12.99 2024 4.29 6.08 0.64 3.88 14.89 2023 3.71 6.52 0.65 3.95 14.83 2022 4.68 9.47 0.88 5.42 20.45 2021 4.64 9.97 0.89 5.22 20.72 2020 4.28 9.07 0.84 5.10 19.29 2019 4.28 9.48 0.81 5.11 19.68 2018 4.60 10.64 0.84 5.50 21.58 2017 4.46 10.38 0.82 5.48 21.14 42.89 82.70 7.50 46.59 179.68 Village of Pleasant Prairie 42.89 23.87% All School Districts 82.70 46.03% Gateway Technical College 7.50 4.17% Kenosha County & Library 46.59 25.93% 179.68 100.00% Determination of Historic Percent of Tax Rate for Overlapping Taxing Districts 46.03% 4.17% 25.93% Projected All Gateway Collection Tax School Technical Kenosha Year Increment Districts C o llege County 2026 659,970 303,759 27,548 171,126 2027 1,728,862 795,731 72,164 448,284 2028 3,385,028 1,558,002 141,294 877,718 2029 5,907,290 2,718,905 246,575 1,531,727 2030 7,526,198 3,464,028 314,150 1,951,500 2031 8,680,225 3,995,184 362,320 2,250,733 2032 9,156,222 4,214,267 382,189 2,374,156 2033 9,731,295 4,478,952 406,193 2,523,269 2034 10,059,217 4,629,882 419,881 2,608,298 2035 10,395,339 4,784,587 433,911 2,695,452 2036 10,739,861 4,943,158 448,291 2,784,785 2037 11,092,996 5,105,692 463,031 2,876,351 2038 11,454,962 5,272,292 478,140 2,970,206 2039 11,825,975 5,443,055 493,627 3,066,408 2040 12,206,265 5,618,088 509,500 3,165,015 2041 12,596,060 5,797,497 525,771 3,266,087 2042 12,995,601 5,981,390 542,448 3,369,685 2043 13,405,131 6,169,882 559,542 3,475,874 2044 13,824,898 6,363,085 577,063 3,584,717 2045 14,255,160 6,561,118 595,023 3,696,282 191,626,555 88,198,553 7,998,660 49,687,674 Share of Tax Increments Paid by Other Taxing Jurisdictions 06/17/2026 Page 7 Financing Methods The Village may use either general obligation promissory notes or developer revenue bonds for TID 11 projects. Based on current estimates, which are subject to change, the general obligation promissory note financing s are expected to occur between 2026 & 2035 as detailed in this TID 11 Amended Project Plan and developer revenue bonds will be issued once a developer completes the infrastructure projects that it is responsible for and provides detailed invoices to the Village for the work, as outlined in a development agreement. Public Debt– Total Borrowing Preliminary Sources and Uses Public Debt – Preliminary Debt Service Estimates 2026 TID#11 2027 TID#11 2028 TID#11 2029 TID#11 2032 TID#11 Summary Sources Of Funds Par Am ount of Bonds $8,560,000.00 $4,385,000.00 $10,590,000.00 $6,495,000.00 $13,200,000.00 $43,230,000.00 Total Sources $8,560,000.00 $4,385,000.00 $10,590,000.00 $6,495,000.00 $13,200,000.00 $43,230,000.00 Uses Of Funds Deposit to Project Construction Fund 8,300,000.00 4,250,000.00 10,270,000.00 6,300,000.00 12,800,000.00 41,920,000.00 Costs of Issuance 256,800.00 131,550.00 317,700.00 194,850.00 396,000.00 1,296,900.00 Rounding Am ount 3,200.00 3,450.00 2,300.00 150.00 4,000.00 13,100.00 Total Uses $8,560,000.00 $4,385,000.00 $10,590,000.00 $6,495,000.00 $13,200,000.00 $43,230,000.00 D AT E 2026 TID#11 2027 TID#11 2028 TID#11 2029 TID#11 2032 TID#11 TOTA L 11/01/2027 428,000.00 - - - - 428,000.00 11/01/2028 2,228,000.00 219,250.00 - - - 2,447,250.00 11/01/2029 2,938,000.00 219,250.00 529,500.00 - - 3,686,750.00 11/01/2030 2,908,000.00 219,250.00 529,500.00 324,750.00 - 3,981,500.00 11/01/2031 1,533,000.00 2,319,250.00 529,500.00 324,750.00 - 4,706,500.00 11/01/2032 - 2,399,250.00 2,329,500.00 324,750.00 - 5,053,500.00 11/01/2033 - - 4,439,500.00 324,750.00 660,000.00 5,424,250.00 11/01/2034 - - 4,639,500.00 324,750.00 660,000.00 5,624,250.00 11/01/2035 - - 409,500.00 4,874,750.00 660,000.00 5,944,250.00 11/01/2036 - - - 2,042,250.00 5,160,000.00 7,202,250.00 11/01/2037 - - - - 4,935,000.00 4,935,000.00 11/01/2038 - - - - 4,410,000.00 4,410,000.00 Total $10,035,000.00 $5,376,250.00 $13,406,500.00 $8,540,750.00 $16,485,000.00 $53,843,500.00 06/17/2026 Page 8 Developer Revenue Bonds Aggregate Estimated Payment Schedule Proposed Zoning & Master Plan Changes & Non-Project Costs Existing & proposed floodplain and wetlands (which are not included in TID 11) are shown on Map 3. The existing water, sewer and storm main is shown on Map 4 and proposed water, sewer and storm main is found on Map 5. Th e existing zoning map is shown on Map 6 and proposed new zoning appears on Map 7. Existing uses and conditions of TID 11 are a mix of commercial, industrial, and open space as shown on Maps 8 & 9 and the new proposed land use for the additional territory is shown on Map 10. The proposed zoning of the added parcels will include A -3, General Agriculture, B -4 Freeway Service Business, R-4, Urban Single Family Residential, R-11, Multifamily Residential, C-1, Lowland Resource Conservancy District, and PR-1 Neighborhood, Park-Recreational and Other Open Space District. There are no proposed zoning or master plan changes to the original project plan. Also, an Urban Landholding Overlay (UHO) District may be placed over certain commercial lands within the TID until more detailed Master Conceptual Plans are provided to the Village. The current land uses, as shown on the Village of Pleasant Prairie 2035 Land Use Plan (Maps 8 & 9) are not proposed to be changed from the original project plan. The proposed new land uses for the land areas added include Freeway-Oriented Service Centers, Freeway Oriented Business Centers, Low Medium Density Residential; Wetlands (environmental corridor), 100 -year 5% Infrastructure Date Principal Interest* Interest Paid Unpa id Int. Total Paid Revenues Cost Balance 1/1/2025 1/1/2026 - - - - 1/1/2027 - - - - - 1/1/2028 - - - - 33,700,000 33,700,000 1/1/2029 1,685,000 1, 117,059 567,941 1,117,059 1,117,059 - 34,267,941 1/1/2030 236,009 1, 713,397 1,713,397 - 1,949,406 1,949,406 34,031,932 1/1/2031 782,049 1, 701,597 1,701,597 - 2,483,645 2,483,645 33,249,883 1/1/2032 1,201,980 1, 662,494 1,662,494 - 2,864,474 2,864,474 32,047,903 1/1/2033 1,419,158 1, 602,395 1,602,395 - 3,021,553 3,021,553 30,628,745 1/1/2034 1,679,890 1, 531,437 1,531,437 - 3,211,327 3,211,327 28,948,855 1/1/2035 1,872,099 1, 447,443 1,447,443 - 3,319,542 3,319,542 27,076,756 1/1/2036 2,076,624 1, 353,838 1,353,838 - 3,430,462 3,430,462 25,000,132 1/1/2037 2,294,148 1, 250,007 1,250,007 - 3,544,154 3,544,154 22,705,985 1/1/2038 4,965,849 1, 135,299 1,135,299 6,101,148 6,101,148 17,740,136 1/1/2039 5,413,222 88 7,007 887,007 6,300,229 6,300,229 12,326,914 1/1/2040 10,027,032 61 6,346 616,346 10,643,378 10,643,378 2,299,882 1/1/2041 2,299,882 11 4,994 114,994 2,414,876 10,985,638 (0) 1/1/2042 (0) (0) (0) 4,156,700 (0) 1/1/2043 (0) (0) (0) 4,288,548 (0) 1/1/2044 (0) (0) (0) 4,423,693 (0) 1/1/2045 (0) (0) (0) 4,562,216 (0) 1/1/2046 (0) (0) (0) 4,704,203 (0) 34,267,941 16,701,253 1 6,133,312 567,941 50,401,253 81,107,376 33,700,000 334,025,062 * interest rate to be determined at issuance of each developer revenue bond based on market conditions. Developer Revenue Bond - Aggregate 06/17/2026 Page 9 Floodplain and Park, Recreation and Open Space Lands as shown on Map 10. There will be newly created storm water retention ponds and smaller areas of environmental corridors (including wetland conservancy and 100 -year floodplain areas) that will remain after floodplain adjustments and wetland filling. In addition to information as set forth above, as projects are proposed, changes to the Zoning Ordinance, Master Plan, Map, Building Code or Ordinances may be made to accommodate the activities planned for this Amended Project Plan, however, at this time no additional changes are contemplated. There are no non-project costs. All individuals and businesses to be displaced because of the activities occurring within the district as a part of this Project Plan Amendment will be provided assistance in conformance with Chapter 32, Wisconsin Statutes, and in conformance with any other state and federal rules and regulations as applicable. Tax Increment District 11 - Legal Description of Parcels as Amended Commencing at the southwest corner of the northwest ¼ of Section 31, Range 22, Town 1 at the intersection of Interstate 94 and 122nd Avenue, traverse northwesterly 3967.31 ft; northeasterly 1204.31 ft to the northeast corner of parcel 92 -4-122-303-0300; thence northwest 1275.28 ft; northwest 267.78 ft; thence southwest 34.87 ft; thence northwest 274.00 ft; thence northeast 94.29 ft; th ence southeast 94.01 ft; thence southwest 24.76 ft; thence southeast 127.01 ft; thence northeast 159.75 ft; thence northwest 127.00 ft; thence northeasterly 689.72 ft to the northwest corner of parcel 92 -4-122-302-0375; thence northwest 575.99 ft along the southern right-of-way line of 120th street; thence southwesterly 916.62 ft along the eastern edge of right- of-way of 120 th Avenue; thence continue southwesterly 2737.10 ft to the southwest corner of 91-4-121-251-0300, thence continue northwesterly 1327.39 ft along the western boundary of parcel 91 -4-121-251-0300; thence northeasterly 2238.47 ft along the northern boundary of parcel 91-4-121-251-0300; thence southeasterly along the northern boundary of parcel 91 -4- 121-251-0300 to a point along the western boundary of Interstate 94; thence continue northwesterly 225.1 ft to the southeastern most point of parcel 91-4-121-251-0153 as described in CSM 2684; thence follow the eastern row of 122 nd Avenue also known as the West Frontage Rd as described in CSM 2684 1704.18 ft to the northern corner of said parcel; thence southwesterly along the southern edge of right-of-way of 104th Street also known as Highway Q 2735.11ft; thence northwest 160.09 ft to the southwestern corner of parcel 91 -4-121-244-0616 as described in CSM 2905 lot 6; thence northwesterly 5205.02 ft to the northwest corner of parcel 91-4-121-244-0613 which is the northern edge of Section 24, Range 21, Town 1; thence continue northeasterly along said northern edge of Section 24 1320.26 ft, to the southwest corner of the 06/17/2026 Page 10 southeast ¼ of Section 13, Range 21, Town 1 ; thence continue northwesterly 1061.98 ft along the civil boundary of Pleasant Prairie; thence continue along the civil boundary of Pleasant Prairie northeasterly 2819.34 to the western edge of Section 18, Range 22, Town 1; thence northeasterly along the Wilmot Road corridor parallel to and offset 33 ft southeast from the southeast boundary of parcel 92 -4-122-183-0020 970.74 ft to the northern edge of the southwest ¼ of Section 18, Range 22, Town 1; thence northeasterly along the centerline of Wilmot Road 967.4 feet to a point of intersection with the northerly extension of the centerline of 114 th Avenue; thence southeasterly along the extension of the centerline of 114 th Avenue 44.92 ft to the southeastern edge of the right-of-way of Wilmot Road; thence continue southeasterly along the extension of the centerline of 114 th Avenue 130.73 ft; thence continue southeasterly along the centerline of 114th Avenue 400.00 ft to the northern edge of the southwest ¼ of section 18, Range 22, Town 1 ; thence continue southwesterly along the northern edge of the southwest ¼ of section 18, Range 22, Town 1 25.6 to the western edge of the right -of-way of 114 th Avenue; thence southeasterly along the western edge of the right-of-way of 114th Avenue 875.85 ft to the northwest corner of parcel 92 -4-122-183-0375; thence southeasterly along the western boundary of parcel 92 -4-122-183-0161 437.26 ft to the northern boundary of parcel 92 -4-122- 183-0161; thence northeasterly along said boundary 480. 01 ft to the western edge of the right - of-way of River Road; thence southeasterly 295.17 ft to the southwest corner of parcel 92-4-122- 183-0410; thence northeasterly 295.60 ft along the southern boundary of parcels 92-4-122-183- 0410 and 92-4- 122-183-0420 t o the western edge of the right -of-way of River Road; thence continue at the same bearing across the right -of-way of River Road 49.57 ft to the western boundary of parcel 92-4-122-184-0104; thence northwesterly 265 ft to the northwest corner of parcel 92 -4-122-184-0104; thence northeasterly along the northern boundary of said parcel 960.5 ft to the southeast corner of parcel 92 -4-122-184-0010; thence northwesterly 385.00 ft along the eastern boundary of said parcel; thence northwesterly along the boundary o f said parcel 580.6 ft; thence northwesterly along the northern boundary of said parcel 563.5 ft to the intersection with the western boundary of parcel 92 -4-122-181-0401; thence northwesterly along said western boundary 521.17 ft to the southwest corner of the northeast ¼ of section 18, Range 22, Town 1 ; thence continue northwesterly along the western edge of the northeast ¼ of section 18, Range 22, Town 1 1077.34 ft to the northern edge of the right -of-way for Wilmot Road; thence northeasterly along said right -of-way edge 271.60 ft to the southwest corner of parcel 92-4-122-181-0008; thence continue northeasterly along the northern right -of-way for Wilmot Road 497.39 ft to the southeast corner of parcel 92 -4-122-181-0002; thence continue across the right-of-way for 111 th Avenue to the southwest corner of parcel 92 -4-122-181-1020; thence continue northeasterly along the northern right-of-way for Wilmot Road 272.98 ft to the southeast corner of parcel 92-4-122-181-1018; thence southeasterly across the right-of-way for Wilmot Rd 83.0 ft to the northwest corner of parcel 92 -4-122-181-0405; thence southeasterly along the western boundary of said parcel 575.42 feet to the parcels southwest corner; thence northeasterly along said parcel’s southern boundary 17 6.92 ft; thence continue northwesterly 06/17/2026 Page 11 along said parcel’s eastern boundary 280.00 ft to the northwest corner of parcel 92 -4-122-181- 0271; thence northeasterly along said parcels northern boundary 706.17 ft to the northeast corner of said parcel; thence continue southwesterly along the eastern boundary of said parcel 794.26 ft; thence northwesterly 354.0 ft along the boundary of parcel 92-4-122-181-0275; thence southeast along the eastern boundary of said parcel 260.33 ft; thence continue northeasterly along the boundary of said parcel 141 ft to the western edge of the right-of-way of 105 th Avenue; thence continue northeasterly across the right-of-way for 105th Avenue 67.13 ft to the northwest corner of parcel 92-4-122-181-0541; thence continue northeasterly along the northern boundary of said parcel 155 ft to the parcel’s northeast corner which is on the eastern edge of the northeast ¼ of section 18, Range 22, Town 1 ; thence continue southeasterly along the eastern edge of the section 3206.59 ft to the southeast corner of section 18, Range 22, Town 1 ; thence continue northwesterly along the southern edge of the southeast ¼ of section 18, Range 22, Town 1 1985.5 ft to the southeast corner of parcel 92 -4-122-184-0102; thence continue northwesterly along the eastern boundary of said parcel 27 0.6 ft; thence continue southwesterly along the northern boundary of said parcel 257.01 ft; thence continue southeasterly along the western boundary of said parcel 171.39 ft to the southern edge of the southeast ¼ of section 18, Range 22, Town 1 ; thenc e continue northwesterly following the southern edge of said section 82.85 to the southeast corner of parcel 92-4-122-184-0104; thence continuing northwesterly along the southern edge of said parcel 355.29 ft to the northeast corner of the northwest ¼ of section 19, Range 22, Town 1 ; thence continue southeasterly along the eastern edge of said quarter section 262.42 ft to the southeast corner of parcel 92 -4-122-183-0161; thence continue southwesterly along the southern boundary of said parcel 2349.82 ft to the southwest corner of said parcel also being on the eastern edge of the right -of-way for 1 -94; thence continue along an extension of the southern boundary of parcel 92-4-122-183-0161 200 ft ; thence southeasterly along the I-94 corridor 1,645.98 ft; thence continue northeasterly 182.34 ft to the northwest corner of parcel 92-4-122-192-0302; thence northeast along the northern edge of parcel 92-4-122-192-0302 756 600.50 ft; thence southeasterly along the eastern boundary of parcels 92 -4-122-192-0302 and 92-4-122-193-0125 to the southern point of parcel 92-4-122-193-0125 as described as parcel 22 in CSM 2177; thence north westerly along the southern boundary of parcel 92 -4-122-193-0125 as described in CSM 2177 to the southwestern point which falls on the eastern right-of-way edge of 120th Avenue; thence southeasterly to the northwestern point of parcel 92-4-122-193-0170 as described in CSM 2871 as outlot 1; then southeasterly along the eastern edge of parcel 92-4-122- 193-0170 to a point on the northern right-of-way edge of 104th Street also known as Highway Q; thence southeast 171.34 ft to the southern edge of right -of-way of 104 th Street and also the northeast point of parcel 92 -4-122-302-0167 as described in CSM 1938; thence follow the boundary for parcel92-4-122-302-0167 southeasterly 411.97 ft to the western edge of Corporate Drive; continue southeasterly along the right -of-way edge of Corporate Drive to the southwest corner of parcel 92-4-122-302-0171; thence continue northeasterly along the southern boundary of parcel 92-4-122-302-0171 to the northeast point of said parcel, also known as the northern 06/17/2026 Page 12 point of parcel 92-4-122-302-0172; thence northeast 427.50 ft to the northeast corner of parcel 92-4-122-302-0172; thence southeast to the southeast corner of parcel 92 -4-122-302-0172; thence southeast along the eastern boundary of parcel 92 -4-122-302-0165 to the southeast corner of said parcel; thence northwest along the southern boundary of parcel 92 -4-122-302- 0165 to the southwest corner which falls on the eastern edge right -of-way of Corporate Drive; then southwest along the right -of-way curve of Corpor ate Drive 90.13 ft; thence southeast 784.04 ft to the southeast corner of parcel 92 -4-122-302-0160; thence southwest 481.49 ft to the northwest corner of parcel 92 -4-122-302-0201; thence southeasterly 734.00 ft to the southwest corner of parcel 92 -4-122-302-0201; thence northeasterly 171.30 ft along the southern boundary of said parcel; thence southeasterly 45 ft along the western boundary of parcel 92-4-122-303-0110; thence northeasterly 916.72 ft along the southern boundary of said parcel; thence southeast 834.95 ft along the western edge of the southeast ¼ section of Section 30, Range 22, Town 1; thence northeast 2640 ft along the boundary of parcel 92-4-122-301-0200 to a point on the eastern edge of Section 30, Range 22, Town 1; thence southeast along th e eastern edge of Section 30 441 ft; thence southwest 1321.01 ft; thence southeast 2660.57 ft to the southeast point of parcel 92 -4-122-303-0012; thence southwest 2700.49 ft to the western edge of right-of-way of 120th Avenue also known as the East Frontage Road; thence southeasterly 1180.75 ft along the western edge of the East Frontage Road; thence southwesterly 205.63 ft; thence southeasterly 75.67 ft to the centerline of the right- of-way of 122 nd Street; thence northwesterly along the southern edge of right -of-way of 122nd Street 994.56 ft to the point of beginning. 06/17/2026 Page 13 Village of Pleasant Prairie Tax Increment District No. 11 - Amendment Tax Increment District No. 11 (IH-94 Area Project – TID 11) PROJECT PLAN AMENDMENT No. 1 MAPS 04/08/2024 Page 1 GOLDBEAR DR 128TH AVE 104TH ST 122ND AVE WILMOT RD 120TH AVE 108TH ST 116TH AVE 122ND ST 120TH AVE CORPORATE DR Q C 94 165 122ND AVE 41 120TH CT ML 120TH AVE RIVER RD 105TH AVE 92-4-122-183-0155 92-4-122-183-0161 92-4-122-184-0104 92-4-122-184-0103 92-4-122-183-0300 92-4-122-183-0320 92-4-122-183-0160 92-4-122-183-0162 92-4-122-181-0401 92-4-122- 181-0271 92-4-122- 181-0275 92-4-122- 181-0541 92-4-122-184-0400 92-4-122-184-0450 92-4-122-182-0175 92-4-122-182-0173 92-4-122-182-0171 92-4-122-182-0160 Parcel Line Parcels Added Tax Increment District #11 Amendment 1 Boundaries and Parcels (2026) Source: Village of Pleasant Prairie Created: May 9, 2026 1 inch = 1,100 feet Tax Increment District GOLDBEAR DR 128TH AVE 104TH ST 122ND AVE WILMOT RD 120TH AVE 108TH ST 116TH AVE 122ND ST 120TH AVE CORPORATE DR Q C 94 165 122ND AVE 41 120TH CT ML 120TH AVE RIVER RD 105TH AVE Parcel Line Tax Increment District Tax Increment District #11 Amendment 1 Proposed Boundaries, Floodplain & Wetlands (2026) Source: Village of Pleasant Prairie Created: May 9, 2026 1 inch = 1,100 feet Floodplain Staked Wetlands Interpolated Wetlands GOLDBEAR DR 128TH AVE 104TH ST 122ND AVE WILMOT RD 120TH AVE 108TH ST 116TH AVE 122ND ST 120TH AVE CORPORATE DR Q C 94 165 122ND AVE 41 120TH CT ML 120TH AVE RIVER RD 105TH AVE Public Sanitary Sewer Main Public Water Main Tax Increment District #11 Amendment 1 Existing Sewer & Water Main (2026) Parcel Line Tax Increment District Source: Village of Pleasant Prairie Created: May 9, 2026 1 inch = 1,100 feet Public Sanitary Sewer Forcemain GOLDBEAR DR 128TH AVE 104TH ST 122ND AVE WILMOT RD 120TH AVE 108TH ST 116TH AVE 122ND ST 120TH AVE CORPORATE DR Q C 94 165 122ND AVE 41 120TH CT ML 120TH AVE RIVER RD 105TH AVE Public Sewer Main Public Water Main Tax Increment District #11 Amendment 1 Proposed Sewer & Water Main (2026) Parcel Line Tax Increment District Source: Village of Pleasant Prairie Created: May 9, 2026 1 inch = 1,100 feet Public Sewer Forcemain M-5 M-5 (PUD) PR-1 C-1C-1 (PUD) PR-1 C-1 C-1 M-5 M-5 (PUD) C-1 B-6 C-1 C-1 B-4 B-5 C-2 B-4 B-5 B-3 (PUD) R-11 (PUD) A-2 R-3 C-2 C-1 R-2 C-1 A-2 R-2 C-1 C-2 C-2 C-1 C-2 C-1 C-2 B-4 (PUD) I-1 (PUD) C-1 PR-1 B-4 (PUD) B-6 (UHO) B-6 (PUD) B-5 PR-1 (PUD) C-1 (PUD) M-5 C-1 I-1 C-1 M-5 (PUD) M-5 M-5 B-5 M-5 C-1 C-2 C-1 PR-1 C-1 A-2 A-2 A-2 A-3 C-1 A-2 B-4 (UHO) R-3 I-1 (AGO) R-4 (UHO) C-1 PR-1 C-1 GOLDBEAR DR 128TH AVE 104TH ST 122ND AVE WILMOT RD 120TH AVE 108TH ST 116TH AVE 122ND ST 120TH AVE CORPORATE DR Q C 94 165 122ND AVE 41 120TH CT ML 120TH AVE RIVER RD 105TH AVE Tax Increment District #11 Amendment 1 Existing Zoning (2026) Parcel Line Source: Village of Pleasant Prairie Created: May 9, 2026 1 inch = 1,200 feet 100 - Year Floodplain R-11 Urban Single-Family Residential District R-4 Urban Single-Family Residential District PR-1 Neighborhood, Park-Recreational and Other Open Space District M-5 Production Manufacturing District I-1 Institutional District C-2 Upland Resource Conservancy District C-1 Lowland Resource Conservancy District B-6 Freeway Oriented Business Center District B-5 Freeway Office District B-4 Freeway Service Business District B-3 Regional Retail Business District A-2 General Agriculture District Zoning Districts Zoning Overlay Districts UHO Urban Land Holding Overlay District PUD Planned Unit Development Overlay District R-2 Urban Single-Family Residential District R-3 Urban Single-Family Residential District A-3 General Agriculture District M-5 M-5 (PUD) PR-1 C-1C-1 (PUD) PR-1 C-1 C-1 M-5 M-5 (PUD) C-1 (PUD) PD C-1 C-1 B-4 B-5 C-2 B-4 B-5 B-3 (PUD) R-11 (PUD) R-11 (PUD) M-5 C-2 C-1 M-5 C-1 M-5 M-5 C-1 C-2 C-2 C-1 C-2 C-1 C-2 B-4 (PUD) I-1 (PUD) C-1 PR-1 B-4 (PUD) B-6 B-6 (PUD) B-5 PR-1 (PUD) C-1 (PUD) M-5 C-1 I-1 M-5 (PUD) M-5 PR-1 M-5 R-11 (PUD) PR-1 PR-1 PR-1 PR-1 PR-1 C-1 B-4 B-4 R-11 (PUD) R-4 C-1 PR-1A-3 C-1 PR-1 C-1 (PUD) C-1 I-1 GOLDBEAR DR 128TH AVE 122ND AVE WILMOT RD 120TH AVE 108TH ST 116TH AVE 122ND ST 120TH AVE CORPORATE DR Q C 94 165 122ND AVE 41 120TH CT ML 120TH AVE RIVER RD 105TH AVE 104TH ST Tax Increment District #11 Amendment 1 Proposed Zoning Parcel Line Source: Village of Pleasant Prairie Created: May 9, 2026 1 inch = 1,200 feet 100 - Year Floodplain R-11 Multiple-Family Residential District M-5 Production Manufacturing District I-1 Institutional District C-2 Upland Resource Conservancy District C-1 Lowland Resource Conservancy District B-6 Freeway Oriented Business Center District B-5 Freeway Office District B-4 Freeway Service Business District B-3 Regional Retail Business District Zoning Districts Zoning Overlay Districts PUD Planned Unit Development Overlay District PD Planned Development District R-4 Urban Single-Family Residential District A-3 General Agriculture District PR-1 Neighborhood, Park-Recreational and Other Open Space District Open Space/ Stormwater Manufacturing Open Space/ Stormwater Water Tower Vacant Vacant Open Space/ Stormwater Commercial Manufacturing Manufacturing Open Space/ Stormwater Vacant Agricultural Vacant Vacant Vacant Vacant Vacant Commercial Open Space Vacant Agricultural Conservancy Vacant Electrical Substation Residential/ Agricultural Residential/ Agricultural Residential Residential Commercial Commercial Commercial Institutional Institutional Commercial Commercial Lift Station Commercial Commercial Commercial Commercial Vacant Water Tower Vacant Open Space/ Stormwater Vacant Commercial Vacant Residential/ Agricultural Residential AgriculturalVillage Lift Station Vacant Vacant VacantResidential Conservancy ROW Residential Residential Residential Vacant Conservancy Vacant Vacant Agricultural Vacant Residential Conservancy Vacant Residential Residential Agricultural GOLDBEAR DR 128TH AVE 104TH ST 122ND AVE WILMOT RD 120TH AVE 108TH ST 116TH AVE 122ND ST 120TH AVE CORPORATE DR Q C 94 165 122ND AVE 41 120TH CT ML RIVER RD 105TH AVE 120TH AVE Parcel Line Tax Increment District Tax Increment District #11 Amendment 1 Existing Uses & Conditions (2026) Source: Village of Pleasant Prairie Created: May 9, 2026 1 inch = 1,100 feet T P F F F P F T L L O F W TT F F O B P P P/R P P P P P F O P/R P/R F P P/R P/R P P R B B O T GOLDBEAR DR 128TH AVE 104TH ST 122ND AVE WILMOT RD 120TH AVE 108TH ST 116TH AVE 122ND ST 120TH AVE CORPORATE DR Q C 94 165 122ND AVE 41 120TH CT ML 120TH AVE RIVER RD 105TH AVE Land Uses Tax Increment District #11 Amendment 1 Existing Land Use (2026) Parcel Line Source: Village of Pleasant Prairie Created: May 9, 2026 1 inch = 1,200 feet Commercial Government and Institutional Lands Industrial Park, Recreation and Open Space Lands Other Transportation, Communications and Utilities Isolated Natural Resource Areas Primary Environmental Corridor Field Verified Wetlands Interpolated Wetlands 100 - Year Floodplain T Overhead High Tension Wires B Freeway-Oriented Business Centers F Freeway-Oriented Service Centers O Freeway Office Centers R Freeway-Oriented Regional Retail Centers P Production and Manufacturing P/R Production and Manufacturing or Freeway-Oriented Regional Retail Centers Urban Reserves Surface Water High Density Residential Low Medium Density Residential F Fire Station P P P P BB F O R R F F R P P/R P/R P/R P/R P P F F T T F O GOLDBEAR DR 128TH AVE 104TH ST 122ND AVE WILMOT RD 120TH AVE 108TH ST 116TH AVE 120TH AVE CORPORATE DR Q C 94 165 122ND AVE 41 120TH CT ML 120TH AVE RIVER RD 105TH AVE 122ND ST Land Uses Tax Increment District #11 Amendment 1 Proposed Land Use Parcel Line Source: Village of Pleasant Prairie Created: May 9, 2026 1 inch = 1,200 feet Commercial Government and Institutional Lands Industrial Park, Recreation and Open Space Lands Other Transportation, Communications and Utilities Isolated Natural Resource Areas Surface Water Field Verified Wetlands Interpolated Wetlands 100 - Year Floodplain T Overhead High Tension Wires B Freeway-Oriented Business Centers F Freeway-Oriented Service Centers O Freeway Office Centers R Freeway-Oriented Retail Centers L Limited Industrial P Production and Manufacturing P/R Production and Manufacturing or Freeway-Oriented Regional Retail Center High Density Residential Primary Environmental Corridor Upper Medium Density Residential Low Medium Density Residential Mixed Use