Joint Review Board — Agenda Packet

September 8, 2026 Village of Jackson - Joint Review Board Meeting Agenda VILLAGE OF JACKSON JOINT REVIEW BOARD MEETING AGENDA Tuesday, September 8, 2026 at 6:15 PM Jackson Municipal Complex Village Board Room N168W19851 Main Street Jackson, WI 53037 1. Call to Order and Roll Call 2. Citizens/Village Staff to Address the Joint Review Board (Please sign-in with the Clerk prior to speaking. Please note this is a business meeting, not a public hearing. People wishing to speak on an item on the agenda should present their comments under this agenda item. Each commenter will be limited to a total of 2 minutes.) 3. Consideration and Appointment and/or Reaffirmation of the Joint Review Board’s Public Member 4. Election and/or Reaffirmation of Chairperson 5. Approval of Minutes for the Joint Review Board Meeting of August 12, 2025 6. Review Annual PE-300 Reports and the Performance and Status of the Village's Active Tax Incremental Districts as required by Wis. Stat. § 66.1105(4m)(f) a. Tax Incremental District #5 b. Tax Incremental District #6 c. Tax Incremental District #7 7. Approve Resolution #26-30 – Resolution Acknowledging Filing of Annual Reports and Compliance with Annual Meeting Requirement 8. Adjourn Persons with disabilities requiring special accommodations for attendance at the meeting should contact the Administration Department at the Jackson Municipal Complex at least one (1) business day prior to the meeting. It is possible that members of the Village Board may attend the above meeting. No action will be taken by any governmental body at this meeting other than the governmental body specifically referred to in this meeting notice. This notice is given so that members of the Village Board may attend the meeting without violating the open meeting law. Page 1 of 35 DRAFT Page 2 of 35 DRAFT Page 3 of 35 DRAFT Page 4 of 35 BUILDING COMMUNITIES. IT’S WHAT WE DO. September 8, 2026 ANNUAL TAX INCREMENT DISTRICT REPORT FOR: Village of Jackson, WI Tax Increment District No. 5 IVE-YEAR STREET RECONSTRUCTION & OVERLAY PLAN FOR: The City of Minnetonka, Minnesota YEARS 2020 - 2025 Advisors: Brian Roemer Senior Municipal Advisor Ariana Schmidt Municipal Advisor Prepared by: Ehlers N19W24400 Riverwood Drive, Suite 100 Waukesha, WI 53188 Page 5 of 35 Annual TID Report for Village of Jackson, WI Tax Increment District No. 5 1 Annual Tax Increment District Report Village of Jackson, Wisconsin Tax Increment District No. 5 Purpose: State law requires municipalities with an active Tax Incremental District (TID) to electronically file an Annual Report for each TID by July 1 of each calendar year. This is a summary of that filing to be used at the annually required meeting of the standing Joint Review Board. District Summary: Tax Increment District No. 5 (“District”) was created on May 20, 2014 as an Industrial District. The TID has an expenditure period that ends on May 20, 2029 and has a mandatory termination date of May 20, 2034. Background Data: Base Value Incremental Value (as of January 1, 2026) Year End Fund Balance (2025) Projected Closure (based on current cash flow*) $933,100 $7,372,200 $22,669 2035 *Outside of administrative charges and PAYGO payments, the Village doesn’t expect to make additional project costs through the end of District #5’s expenditure period. The projected closure year identified is based on current cash flow projections. Notes: The existing development agreement between the Village, Kerry Industries, Washington County and Economic Development Washington County (EDWC) (previously named Washington County Economic Development Corporation – WCEDC), calls for the following annual payments: annually, 70% of the increment generated in TID #5 is paid to Kerry Industries with the total incentive capped at $2 million. Of the remaining 30% of annual increment, 80% is paid to Washington County of which 10% of their payment goes to EDWC. The remaining increment remains with the Village for administrative and TID setup costs. Joint Review Board Action: Resolution acknowledging filing of Annual TID Report and compliance with annual meeting requirements. Attachments: • TID Boundary Map • TID Increment Projection • TID Cash Flow Projection (Detail) • State Submittal (DOR Form PE -300) Page 6 of 35 Page 7 of 35 Type of District Base Value 933,100 District Creation Date Appreciation Factor 0.00% Valuation Date Jan 1, 2014 Base Tax Rate Max Life (Years) Rate Adjustment Factor 0.00% Expenditure Period/Termination 15 5/20/2029 Revenue Periods/Final Year 20 2035 Extension Eligibility/Years Yes 3 Recipient District Construction Year Value Added Valuation Year Inflation Increment Total Increment Revenue Year Tax Rate Tax Increment 5 2018 (252,600) 2019 0 6,223,300 2020 $18.24 113,541 6 2019 (38,600) 2020 0 6,184,700 2021 $17.93 110,909 7 2020 170,900 2021 0 6,355,600 2022 $17.51 111,255 8 2021 544,300 2022 0 6,899,900 2023 $14.39 99,322 9 2022 (22,300) 2023 0 6,877,600 2024 $12.84 88,282 10 2023 229,700 2024 0 7,107,300 2025 $13.34 94,831 11 2024 139,300 2025 0 7,246,600 2026 $13.11 94,978 12 2025 125,600 2026 0 7,372,200 2027 $13.11 96,624 13 2026 0 2027 0 7,372,200 2028 $13.11 96,624 14 2027 0 2028 0 7,372,200 2029 $13.11 96,624 15 2028 0 2029 0 7,372,200 2030 $13.11 96,624 16 2029 0 2030 0 7,372,200 2031 $13.11 96,624 17 2030 0 2031 0 7,372,200 2032 $13.11 96,624 18 2031 0 2032 0 7,372,200 2033 $13.11 96,624 19 2032 0 2033 0 7,372,200 2034 $13.11 96,624 20 2033 0 2034 0 7,372,200 2035 $13.11 96,624 Totals 0 Future Value of Increment (2026-2035) 964,593 Notes: 1) Tax rate through 2026 revenue year is actual per DOR Form PC-202 (Tax Increment Collection Worksheet). 2) Actual results will vary depending on development, inflation of overall tax rates. Industrial May 20, 2014 20 No Village of Jackson, Wisconsin Tax Increment District #5 Tax Increment Projection Worksheet Jackson WI - 2025 TID #5 Annual Report Tables.xlsx Prepared 8/28/2026 Page 8 of 35 Village of Jackson, Wisconsin Tax Increment District #5 Cash Flow Projection Year Year 2020 113,541 113,541 79,479 27,250 1,650 10,475 118,854 (5,313) (1,749) 1,948,733 2020 2021 110,909 110,909 77,636 26,619 150 475 104,880 6,029 4,280 1,844,478 2021 2022 111,257 111,257 75,293 25,815 150 5,112 106,370 4,887 9,167 1,743,370 2022 2023 99,322 99,322 69,579 23,855 150 1,638 95,222 4,100 13,267 1,649,936 2023 2024 88,282 88,282 61,797 21,188 150 1,749 84,884 3,398 16,665 1,566,951 2024 2025 94,831 1,965 96,796 66,382 22,760 150 1,500 90,792 6,004 22,669 1,477,809 2025 2026 94,978 1,965 96,943 67,860 23,266 150 1,500 92,776 4,167 26,835 1,386,683 2026 2027 96,624 1,965 98,589 69,012 23,661 150 1,500 94,323 4,265 31,101 1,294,010 2027 2028 96,624 1,965 98,589 69,012 23,661 150 1,500 94,323 4,265 35,366 1,201,336 2028 2029 96,624 1,965 98,589 69,012 23,661 150 1,500 94,323 4,265 39,631 1,108,663 2029 2030 96,624 1,965 98,589 69,012 23,661 150 1,500 94,323 4,265 43,897 1,015,990 2030 2031 96,624 1,965 98,589 69,012 23,661 150 1,500 94,323 4,265 48,162 923,316 2031 2032 96,624 1,965 98,589 69,012 23,661 150 1,500 94,323 4,265 52,427 830,643 2032 2033 96,624 1,965 98,589 69,012 23,661 150 1,500 94,323 4,265 56,693 737,970 2033 2034 96,624 1,965 98,589 69,012 23,661 150 1,500 94,323 4,265 60,958 645,296 2034 2035 96,624 1,965 98,589 69,012 47,309 150 15,000 131,471 (32,882) 28,075 528,975 2035 Total 1,582,736 0 21,612 1,604,348 1,471,025 528,000 3,900 49,449 1,579,836 Total Notes: 1The max payment to Kerry is $2M. 2The County pays 10% of the annual payments to the WCEDC. The max to be paid to the County is $480K and $48K to WCEDC. End of Expenditure Period Last year of audited actuals Projected Revenues Tax Increments Intergov Rev. Personal Property Aid Total Revenues Balances Annual PAYGO Payment - 70%1 Capital Outlay/Admin Expenditures Total Expenditures Annual Cumulative Max PAYGO Amt. Remaining Payment to County (80% of the 30%)2 Professional Services Projected TID Closure Jackson WI - 2025 TID #5 Annual Report Tables.xlsx Prepared 8/28/2026 Page 9 of 35 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 1 – Municipality and TID Co-muni code Municipality County Due date Report type TID number TID type TID name Creation date Mandatory termination date Anticipated termination date Section 2 – Beginning Balance Amount TID fund balance at beginning of year 66141 JACKSON WASHINGTON 07/01/2026 ORIGINAL 005 5 N/A 05/20/2014 05/20/2034 N/A $16,665 Section 3 – Revenue Amount Tax increment Investment income Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID $94,831 $1,965 TID number Developer guarantees Developer name Transfer from other funds Source Grants Source Other revenue Source Total Revenue (deposits) $96,796 Page of 1 4 Page 10 of 35 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 4 – Expenditures Amount Capital expenditures Administration Professional services Interest and fiscal charges DOR fees Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID $1,500 $150 TID number Developer grants Developer name Kerry Inc. $66,382 Developer name Washington County $22,760 Transfer to other funds Fund Other expenditures Name Total Expenditures $90,792 Section 5 – Ending Balance Amount TID fund balance at end of year Future costs Future revenue Surplus or deficit $22,669 $970,233 $969,425 $21,861 Page of 2 4 Page 11 of 35 WI Dept of Revenue TID Annual Report Form PE-300 2025 Current Year TID New Construction Values TID TID New Construction Increase TID New Construction Decrease Prior Year Correction TID Net New Construction (NNC) Section 6 – TID New Construction 005 $0 $0 $0 $0 006 $7,736,700 $0 $0 $7,736,700 007 $14,334,400 $0 $13,000 $14,347,400 Total $22,071,100 $0 $13,000 $22,084,100 Current Year Allowable Levy Increase Attributable to TID NNC TID TID Net New Construction Prior Year Municipal Equalized Value TID Net New Construction % Prior Year Adjusted Actual Levy Allowable Levy Increase Attributable to TID Net New Construction 005 $0 $1,308,958,400 0.00 $4,336,395 $0 006 $7,736,700 $1,308,958,400 0.59 $4,336,395 $25,585 007 $14,347,400 $1,308,958,400 1.10 $4,336,395 $47,700 Total $22,084,100 $1,308,958,400 1.69 $4,336,395 $73,285 Current Year Actual TID NNC Impact to Municipal Levy Levy Increase Attributable to TID Net New Construction Increase per $100,000 $73,285 $0.73285 Historical Allowable Levy Increase Attributable to TID NNC Year TID TID Net New Construction TID Net New Construction % Allowable Levy Increase Attributable to TID Net New Construction Prior Year Adjusted Actual Levy Prior Year Municipal Equalized Value 2024 004 $0 $1,182,093,600 0.00 $4,163,166 $0 2024 005 $0 $1,182,093,600 0.00 $4,163,166 $0 2024 006 $-45,100 $1,182,093,600 0.00 $4,163,166 $0 2024 007 $593,100 $1,182,093,600 0.05 $4,163,166 $2,082 2024 Total $548,000 $1,182,093,600 0.05 $4,163,166 $2,082 2023 004 $0 $1,069,281,100 0.00 $4,066,823 $0 2023 005 $0 $1,069,281,100 0.00 $4,066,823 $0 2023 006 $9,453,900 $1,069,281,100 0.88 $4,066,823 $35,788 2023 007 $0 $1,069,281,100 0.00 $4,066,823 $0 2023 Total $9,453,900 $1,069,281,100 0.88 $4,066,823 $35,788 Page of 3 4 Page 12 of 35 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 7 – Contact Information Contact name Contact title Contact email Contact phone Darlene Smith Treasurer (262) 677-9001darlene.smith@villageofjacksonwi.gov Page of 4 4 Page 13 of 35 BUILDING COMMUNITIES. IT’S WHAT WE DO. September 8, 2026 ANNUAL TAX INCREMENT DISTRICT REPORT FOR: Village of Jackson, WI Tax Increment District No. 6 IVE-YEAR STREET RECONSTRUCTION & OVERLAY PLAN FOR: The City of Minnetonka, Minnesota YEARS 2020 - 2025 Advisors: Brian Roemer Senior Municipal Advisor Ariana Schmidt Municipal Advisor Prepared by: Ehlers N19W24400 Riverwood Drive, Suite 100 Waukesha, WI 53188 Page 14 of 35 Annual TID Report for Village of Jackson, WI Tax Increment District No. 6 1 Annual Tax Increment District Report Village of Jackson, Wisconsin Tax Increment District No. 6 Purpose: State law requires municipalities with an active Tax Incremental District (TID) to electronically file an Annual Report for each TID by July 1 of each calendar year. This is a summary of that filing to be used at the annually required meeting of the standing Joint Review Board. District Summary: Tax Increment District No. 6 (“District”) was created on November 14, 2017 as a Mixed Use District. The TID has an expenditure period that ends on November 14, 2033 and has a mandatory termination date of November 14, 2038, with final increment collection in 2039. Background Data: Base Value Incremental Value (as of January 1, 2026) Year End Fund Balance (2025) Projected Closure (based on current cash flow*) $474,900 $39,059,400 $(412,765) 2038 * The projected closure year identified is based on current cash flow projections. Notes: The Village has an existing development agreement that requires for annual increment generated in TID #6 to be allocated to meet the existing annual payments. Based on the agreement formula the TID will require transfers in to make payments until the agreement is paid off. Then the TID would repay the liability to the applicable funds. Joint Review Board Action: Resolution acknowledging filing of Annual TID Report and compliance with annual meeting requirements. Attachments: • TID Boundary Map • TID Increment Projection • TID Cash Flow Projection (Detail) • State Submittal (DOR Form PE -300) Page 15 of 35 Page 16 of 35 Actual Industrial Development1 Annual Total 1 2018 1,800,300 1,800,300 2018 1 2 2019 1,245,100 1,245,100 2019 2 3 2020 5,582,100 5,582,100 2020 3 4 2021 5,512,500 5,512,500 2021 4 5 2022 11,472,000 11,472,000 2022 5 6 2023 (1,669,200) (1,669,200) 2023 6 7 2024 10,058,100 10,058,100 2024 7 8 2025 5,058,500 5,058,500 2025 8 9 2026 0 2026 9 10 2027 0 2027 10 11 2028 0 2028 11 12 2029 0 2029 12 13 2030 0 2030 13 14 2031 0 2031 14 15 2032 0 2032 15 16 2033 0 2033 16 17 2034 0 2034 17 18 2035 0 2035 18 19 2036 0 2036 19 20 2037 0 2037 20 Totals 39,059,400 0 39,059,400 Notes: 1 Additional industrial lot in 2025. Construction Year Construction Year Village of Jackson, Wisconsin Tax Increment District # 6 Development Assumptions Jackson WI - 2025 TID #6 Annual Report Tables.xlsx Prepared 8/28/2026 Page 17 of 35 Type of District Base Value 474,900 District Creation Date Appreciation Factor 0.00% Valuation Date Jan 1, 2018 Base Tax Rate Max Life (Years) Rate Adjustment Factor (1 Yr) 0.00% Expenditure Period/Termination 15 11/14/2033 Revenue Periods/Final Year 20 2039 Extension Eligibility/Years Yes 3 Recipient District Construction Year Value Added Valuation Year Inflation Increment Total Increment Revenue Year Tax Rate Tax Increment 1 2018 1,800,300 2019 0 1,800,300 2020 $18.24 32,846 2 2019 1,245,100 2020 0 3,045,400 2021 $17.93 54,613 3 2020 5,582,100 2021 0 8,627,500 2022 $17.51 151,024 4 2021 5,512,500 2022 0 14,140,000 2023 $14.39 203,541 5 2022 11,472,000 2023 0 25,612,000 2024 $12.84 328,758 6 2023 -1,669,200 2024 0 23,942,800 2025 $13.34 319,464 7 2024 10,058,100 2025 0 34,000,900 2026 $13.11 445,634 8 2025 5,058,500 2026 0 39,059,400 2027 $13.11 511,933 9 2026 0 2027 0 39,059,400 2028 $13.11 511,933 10 2027 0 2028 0 39,059,400 2029 $13.11 511,933 11 2028 0 2029 0 39,059,400 2030 $13.11 511,933 12 2029 0 2030 0 39,059,400 2031 $13.11 511,933 13 2030 0 2031 0 39,059,400 2032 $13.11 511,933 14 2031 0 2032 0 39,059,400 2033 $13.11 511,933 15 2032 0 2033 0 39,059,400 2034 $13.11 511,933 16 2033 0 2034 0 39,059,400 2035 $13.11 511,933 17 2034 0 2035 0 39,059,400 2036 $13.11 511,933 18 2035 0 2036 0 39,059,400 2037 $13.11 511,933 19 2036 0 2037 0 39,059,400 2038 $13.11 511,933 20 2037 0 2038 0 39,059,400 2039 $13.11 511,933 Totals 0 Future Value of Increment (2026-2039) 143,277,235 Notes: 1) Tax rate through 2026 revenue year is actual per DOR Form PC-202 (Tax Increment Collection Worksheet). 2) Actual results will vary depending on development, inflation of overall tax rates. Mixed Use November 14, 2017 20 No Village of Jackson, Wisconsin Tax Increment District # 6 Tax Increment Projection Worksheet Page 18 of 35 Village of Jackson, Wisconsin Tax Increment District # 6 Cash Flow Projection Year Dated Date: Dated Date: Dated Date: Overperformance Transfer In2 Prin 6/1 Rate Interest Prin 6/1 Rate Interest Prin 6/1 Rate Interest Payments1 Admin./DOR Fees Year 2019 2,297,668 74,486 2,372,154 15,849 12,549 1,976,360 63,047 160,418 39,627 2,267,850 104,304 89,804 2,255,000 2019 2020 32,846 12,002 55,820 100,668 0 37,050 0 29,335 38,355 19,627 150 124,517 (23,849) 65,955 2,255,000 2020 2021 54,613 2,499 27,036 84,148 0 37,050 50,000 3.00% 28,585 99,009 5,925 220,569 (136,421) (70,466) 2,205,000 2021 2022 151,028 502 1,434 152,964 0 37,050 50,000 3.00% 27,085 1,962 116,097 36,867 (33,599) 5,304,034 2022 2023 203,541 32,420 1,465,000 1,434 1,702,395 20,000 3.00% 36,750 100,000 3.00% 24,835 0 0.00% 56,979 673,018 57,542 733,549 1,787 1,704,460 (2,065) (35,664) 5,915,485 2023 2024 328,758 359 1,434 330,551 20,000 3.00% 36,150 120,000 3.00% 21,535 25,000 4.20% 67,850 15,096 0 4,349 309,980 20,571 (15,093) 5,750,485 2024 2025 319,464 288 17,111 1,434 338,298 20,000 3.00% 35,550 145,000 3.00% 17,560 25,000 4.20% 66,800 423,560 2,500 735,970 (397,672) (412,765) 5,136,925 2025 2026 445,634 0 17,111 369,886 832,631 20,000 3.00% 34,950 165,000 3.00% 12,910 25,000 4.20% 65,750 506,471 2,550 832,631 0 (412,765) 4,420,454 2026 2027 511,933 0 17,111 445,331 974,375 20,000 3.00% 34,350 190,000 2.65% 7,918 25,000 4.20% 64,700 629,807 2,601 974,375 0 (412,765) 3,555,647 2027 2028 511,933 0 17,111 199,887 728,932 20,000 3.00% 33,750 200,000 2.70% 2,700 25,000 4.20% 63,650 381,179 2,653 728,932 0 (412,765) 2,929,469 2028 2029 511,933 0 17,111 529,045 100,000 3.00% 31,950 100,000 4.20% 61,025 27,116 206,247 2,706 529,045 0 (412,765) 2,523,222 2029 2030 511,933 0 17,111 529,045 100,000 3.00% 28,950 100,000 4.40% 56,725 34,362 206,247 2,760 529,045 0 (412,765) 2,116,975 2030 2031 511,933 0 17,111 529,045 100,000 3.00% 25,950 110,000 4.40% 52,105 176,200 61,974 2,815 529,045 0 (412,765) 1,845,001 2031 2032 511,933 0 17,111 529,045 100,000 3.00% 22,950 120,000 4.40% 47,045 236,178 0 2,872 529,045 0 (412,765) 1,625,001 2032 2033 511,933 0 17,111 529,045 100,000 3.00% 19,950 120,000 4.70% 41,585 244,580 2,929 529,045 0 (412,765) 1,405,001 2033 2034 511,933 0 17,111 529,045 100,000 3.00% 16,950 120,000 4.70% 35,945 253,162 2,988 529,045 0 (412,765) 1,185,001 2034 2035 511,933 0 17,111 529,045 100,000 3.00% 13,950 125,000 4.70% 30,188 43,505 3,047 315,690 213,354 (199,410) 960,001 2035 2036 511,933 0 17,111 529,045 100,000 3.00% 10,950 125,000 5.00% 24,125 0 3,108 263,183 265,861 66,451 735,001 2036 2037 511,933 665 17,111 529,709 100,000 3.00% 7,950 125,000 5.00% 17,875 0 3,171 253,996 275,713 342,164 510,001 2037 2038 511,933 3,422 17,111 532,466 105,000 3.00% 4,875 145,000 5.00% 11,125 0 3,234 269,234 263,232 605,396 260,001 2038 2039 511,933 6,054 17,111 535,098 110,000 3.00% 1,650 150,000 5.00% 3,750 18,299 283,699 251,400 856,796 0 2039 Total 8,191,014 58,210 256,671 0 1,015,104 13,446,745 1,235,000 524,574 1,020,000 185,011 1,465,000 767,222 2,801,838 63,047 83,094 1,015,104 3,149,033 106,109 12,575,450 Total Notes: End of Expenditure Period1) Amount of incentives to be paid will be based upon the development agreement. Future amounts shown are only illustrative. 2) The Village Board authorized a transfer of $423,560 from the sewer utility to TID 6 in 2025, but the transfer has not yet occurred. This is being rectified in 2026, and 2026 will also include an additional transfer. Last year of audited actuals Total Revenues Tax Increments Interest Earnings/ (Cost) Personal Property Aid Special Assessments Proceeds/ Premium from Long Term Debt Projected Revenues Expenditures Balances G.O. Bonds, Series 2019A (NONBQ) Taxable G.O. Notes, Series 2019B Taxable G.O. Bonds, Series 2023A Annual Cumulative Principal Outstanding 06/27/19 06/27/19 1,235,000 1,020,000 Capital Outlay Transfer Out Total Expenditures Fiscal Charges Professional Services 1,465,000 02/01/23 Projected TID Closure Jackson WI - 2025 TID #6 Annual Report Tables.xlsx Prepared 9/2/2026 Page 19 of 35 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 1 – Municipality and TID Co-muni code Municipality County Due date Report type TID number TID type TID name Creation date Mandatory termination date Anticipated termination date Section 2 – Beginning Balance Amount TID fund balance at beginning of year 66141 JACKSON WASHINGTON 07/01/2026 ORIGINAL 006 6 N/A 11/14/2017 11/14/2038 N/A $-15,093 Section 3 – Revenue Amount Tax increment Investment income Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID $319,464 $289 $1,434 $17,111 TID number Developer guarantees Developer name Transfer from other funds Source Grants Source Other revenue Source Total Revenue (deposits) $338,298 Page of 1 4 Page 20 of 35 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 4 – Expenditures Amount Capital expenditures Administration Professional services Interest and fiscal charges DOR fees Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID $2,350 $119,910 $150 $190,000 TID number Developer grants Developer name Delany Group $0 Developer name Design 2 Construct $423,560 Transfer to other funds Fund Other expenditures Name Total Expenditures $735,970 Section 5 – Ending Balance Amount TID fund balance at end of year Future costs Future revenue Surplus or deficit $-412,765 $7,798,434 $8,224,396 $13,197 Page of 2 4 Page 21 of 35 WI Dept of Revenue TID Annual Report Form PE-300 2025 Current Year TID New Construction Values TID TID New Construction Increase TID New Construction Decrease Prior Year Correction TID Net New Construction (NNC) Section 6 – TID New Construction 005 $0 $0 $0 $0 006 $7,736,700 $0 $0 $7,736,700 007 $14,334,400 $0 $13,000 $14,347,400 Total $22,071,100 $0 $13,000 $22,084,100 Current Year Allowable Levy Increase Attributable to TID NNC TID TID Net New Construction Prior Year Municipal Equalized Value TID Net New Construction % Prior Year Adjusted Actual Levy Allowable Levy Increase Attributable to TID Net New Construction 005 $0 $1,308,958,400 0.00 $4,336,395 $0 006 $7,736,700 $1,308,958,400 0.59 $4,336,395 $25,585 007 $14,347,400 $1,308,958,400 1.10 $4,336,395 $47,700 Total $22,084,100 $1,308,958,400 1.69 $4,336,395 $73,285 Current Year Actual TID NNC Impact to Municipal Levy Levy Increase Attributable to TID Net New Construction Increase per $100,000 $73,285 $0.73285 Historical Allowable Levy Increase Attributable to TID NNC Year TID TID Net New Construction TID Net New Construction % Allowable Levy Increase Attributable to TID Net New Construction Prior Year Adjusted Actual Levy Prior Year Municipal Equalized Value 2024 004 $0 $1,182,093,600 0.00 $4,163,166 $0 2024 005 $0 $1,182,093,600 0.00 $4,163,166 $0 2024 006 $-45,100 $1,182,093,600 0.00 $4,163,166 $0 2024 007 $593,100 $1,182,093,600 0.05 $4,163,166 $2,082 2024 Total $548,000 $1,182,093,600 0.05 $4,163,166 $2,082 2023 004 $0 $1,069,281,100 0.00 $4,066,823 $0 2023 005 $0 $1,069,281,100 0.00 $4,066,823 $0 2023 006 $9,453,900 $1,069,281,100 0.88 $4,066,823 $35,788 2023 007 $0 $1,069,281,100 0.00 $4,066,823 $0 2023 Total $9,453,900 $1,069,281,100 0.88 $4,066,823 $35,788 Page of 3 4 Page 22 of 35 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 7 – Contact Information Contact name Contact title Contact email Contact phone Darlene Smith Treasurer (262) 677-9001darlene.smith@villageofjacksonwi.gov Page of 4 4 Page 23 of 35 BUILDING COMMUNITIES. IT’S WHAT WE DO. September 8, 2026 ANNUAL TAX INCREMENT DISTRICT REPORT FOR: Village of Jackson, WI Tax Increment District No. 7 IVE-YEAR STREET RECONSTRUCTION & OVERLAY PLAN FOR: The City of Minnetonka, Minnesota YEARS 2020 - 2025 Advisors: Brian Roemer Senior Municipal Advisor Ariana Schmidt Municipal Advisor Prepared by: Ehlers N19W24400 Riverwood Drive, Suite 100 Waukesha, WI 53188 Page 24 of 35 Annual TID Report for Village of Jackson, WI Tax Increment District No. 7 1 Annual Tax Increment District Report Village of Jackson, Wisconsin Tax Increment District No. 7 Purpose: State law requires municipalities with an active Tax Incremental District (TID) to electronically file an Annual Report for each TID by July 1 of each calendar year. This is a summary of that filing to be used at the annually required meeting of the standing Joint Review Board. District Summary: Tax Increment District No. 7 (“District”) was created on June 11, 2019 as a Mixed-Use District. TID #7’s Project Plan and Boundary were amended on July 12, 2022, the first allowable boundary amendment. The TID has an expenditure period that ends on June 11, 2034 and has a mandatory termination date of June 11, 2039. Background Data: Base Value Incremental Value (as of January 1, 2026) Year End Fund Balance (2025) Projected Closure (based on current cash flow*) $8,854,300 $28,409,300 $18,395 2034 *The projected closure year identified is based on current cash flow projections. There are many developments ongoing in the district that based on valuations will significantly impact the cash flow of the District. Notes: Tax Increment District No. 7 was created as a catalyst for commercial and residential development on the eastern edge of the Village. In 2025, construction on single-family residential and town homes was completed, reflected in the 2026 values. The Village is currently engaged in a development agreement with Glacier Hills Credit Union. Joint Review Board Action: Resolution acknowledging filing of Annual TID Report and compliance with annual meeting requirements. Attachments: • TID Boundary Map • TID Development Assumptions • TID Increment Projection • TID Cash Flow Projection (Detail) • State Submittal (DOR Form PE -300) Page 25 of 35 TID #7 0 0.09 0.180.045 mi 0 0.1 0.20.05 km 1:3,954 Washington County | Southeast Wisconsin Regional Planning Commission | Calvin Lawrence, Dennis Weise, Nina Rihn | Washington County, US Census B ureau | Washington County GIS Page 26 of 35 Actual Single-family Residential1 Single-family Residential2 TownHomes2 Outlots 63 Outlot 83 Commercial4 Annual Total 1 2019 953,900 953,900 2019 1 2 2020 (1,720,300) (1,720,300) 2020 2 3 2021 1,098,600 1,098,600 2021 3 4 2022 3,915,900 3,915,900 2022 4 5 2023 699,800 699,800 2023 5 6 2024 17,201,500 17,201,500 2024 6 7 2025 8,653,800 8,653,800 2025 7 8 2026 450,000 3,236,000 3,686,000 2026 8 9 2027 2,070,000 1,007,000 1,000,000 4,077,000 2027 9 10 2028 3,550,000 1,606,000 5,156,000 2028 10 11 2029 1,420,000 652,000 2,072,000 2029 11 12 2030 0 2030 12 13 2031 1,500,000 1,500,000 2031 13 14 2032 0 2032 14 15 2033 0 2033 15 Totals 30,803,200 0 0 0 7,490,000 6,501,000 2,500,000 47,294,200 Notes: 1 2 3 Based on projected development from Hillcrest. 4 The remaining commercial is potential development. Ongoing development (Hillcrest) was completed in 2025, reflected in values as of 1/1/2026. Ongoing development (Harbor) was completed in 2025, reflected in values as of 1/1/2026. Construction Year Construction Year Village of Jackson, Wisconsin Tax Increment District #7 Development Assumptions Page 27 of 35 Type of District Base Value 8,854,300 District Creation Date Appreciation Factor 0.00% Valuation Date Jan 1, 2019 Base Tax Rate Max Life (Years) Rate Adjustment Factor 0.00% Expenditure Period/Termination 15 6/11/2034 Revenue Periods/Final Year 20 2040 Extension Eligibility/Years Yes 3 Tax Exempt Discount Rate Eligible Recipient District Taxable Discount Rate Added Base 9/2022 Amendment 3,221,100 Construction Year Value Added Valuation Year Inflation Increment Total Increment Revenue Year Tax Rate Tax Increment 1 2019 953,900 2020 0 953,900 2021 $17.93 17,106 2 2020 -1,720,300 2021 0 -766,400 2022 $17.51 0 3 2021 1,098,600 2022 0 332,200 2023 $14.39 4,782 4 2022 3,915,900 -3,221,100 2023 0 1,027,000 2024 $12.84 13,183 5 2023 699,800 827,200 2024 0 2,554,000 2025 $13.34 34,078 6 2024 17,201,500 2025 0 19,755,500 2026 $13.11 258,926 7 2025 8,653,800 2026 0 28,409,300 2027 $13.11 372,347 8 2026 3,686,000 2027 0 32,095,300 2028 $13.11 420,658 9 2027 4,077,000 2028 0 36,172,300 2029 $13.11 474,093 10 2028 5,156,000 2029 0 41,328,300 2030 $13.11 541,671 11 2029 2,072,000 2030 0 43,400,300 2031 $13.11 568,827 12 2030 0 2031 0 43,400,300 2032 $13.11 568,827 13 2031 1,500,000 2032 0 44,900,300 2033 $13.11 588,487 14 2032 0 2033 0 44,900,300 2034 $13.11 588,487 15 2033 0 2034 0 44,900,300 2035 $13.11 588,487 16 2034 0 2035 0 44,900,300 2036 $13.11 588,487 17 2035 0 2036 0 44,900,300 2037 $13.11 588,487 18 2036 0 2037 0 44,900,300 2038 $13.11 588,487 19 2037 0 2038 0 44,900,300 2039 $13.11 588,487 20 2038 0 2039 0 44,900,300 2040 $13.11 588,487 Totals 47,294,200 0 Future Value of Increment (2026-2040) 126,399,797 Notes: 1) Tax rate through 2026 revenue year is actual per DOR Form PC-202 (Tax Increment Collection Worksheet). 2) Actual results will vary depending on development, inflation of overall tax rates. Mixed Use June 11, 2019 20 No Village of Jackson, Wisconsin Tax Increment District #7 Tax Increment Projection Worksheet Base Value Redermination Page 28 of 35 Village of Jackson, Wisconsin Tax Increment District #7 Cash Flow Projection Year Tax Interest Affordable Debt Total Dated Date: Dated Date: Dated Date: Capital Professional Total Prior Period Principal Increments Earnings Housing - TID 4 Misc. Proceeds Revenues Principal Interest Principal Interest Principal Est. Rate Interest Principal Est. Rate Interest Expenditures Services Admin. + 2% Expenditures Annual Adjustment Cumulative Outstanding Year 2019 2,500 2,085,838 2,088,338 36,329 118,642 154,971 1,933,367 1,933,367 2,032,000 2019 2020 14,123 2,000 16,123 32,000 46,365 1,423,984 87,205 1,589,554 (1,573,431) (12,859) 347,077 2,000,000 2020 2021 17,105 2,500 19,605 32,000 49,509 235,662 37,380 354,551 (334,946) 12,131 1,968,000 2021 2022 0 2,500 2,500 32,000 48,549 162,118 48,025 290,692 (288,192) (276,061) 1,936,000 2022 2023 4,780 0 499,890 1,660,661 2,165,331 72,000 46,989 2,168,450 139,573 51,734 2,478,746 (313,415) (589,476) 1,864,000 2023 2024 13,183 0 606,662 103,411 723,255 81,450 44,835 400,107 108,547 96,435 731,374 (8,118) (597,594) 1,782,400 2024 2025 34,078 6,112 9,274 796,592 45,628 891,684 86,400 42,165 16,530 117,295 13,304 275,694 615,989 18,395 1,696,000 2025 2026 258,926 828 9,274 4,418 121,709 395,156 91,200 39,501 116,415 5,294 117,295 13,570 377,981 17,174 35,569 1,724,800 2026 2027 372,347 1,601 9,274 383,222 96,000 36,693 10,000 3.00% 6,900 117,295 13,841 280,729 102,493 138,062 3,163,800 2027 2028 420,658 6,213 9,274 1,545,000 1,981,145 100,800 33,741 10,000 3.00% 4,250 0 0.00% 0 1,500,000 45,000 117,295 14,118 1,780,204 200,941 339,003 3,053,000 2028 2029 474,093 15,255 9,274 498,623 105,600 30,645 10,000 3.00% 3,950 65,000 3.46% 83,194 14,401 312,790 185,833 524,836 2,872,400 2029 2030 541,671 23,618 9,274 574,562 121,600 27,845 10,000 3.00% 3,650 100,000 3.47% 52,229 14,689 330,012 244,550 769,386 2,640,800 2030 2031 568,827 34,622 9,274 612,724 123,200 25,366 10,000 3.00% 3,350 110,000 3.48% 48,580 14,982 335,478 277,246 1,046,632 2,397,600 2031 2032 568,827 47,098 9,274 625,200 124,800 22,793 10,000 5.00% 2,950 120,000 3.49% 44,572 15,282 340,396 284,803 1,331,435 2,142,800 2032 2033 588,487 59,915 9,274 657,676 126,400 20,124 10,000 5.00% 2,450 125,000 3.45% 40,321 15,588 339,883 317,793 1,649,229 1,881,400 2033 2034 588,487 74,215 9,274 671,977 128,000 17,357 10,000 5.00% 1,950 130,000 3.55% 35,858 15,900 339,064 332,913 1,982,141 1,613,400 2034 2035 588,487 89,196 9,274 686,958 131,200 14,473 10,000 5.00% 1,450 135,000 3.60% 31,120 16,218 339,460 347,497 2,329,639 1,337,200 2035 2036 588,487 104,834 9,274 702,595 134,400 11,451 10,000 4.00% 1,000 140,000 3.65% 26,135 16,542 339,528 363,067 2,692,706 1,052,800 2036 2037 588,487 121,172 9,274 718,933 137,600 8,289 10,000 4.00% 600 145,000 3.65% 20,934 16,873 339,295 379,638 3,072,343 760,200 2037 2038 588,487 138,255 9,274 736,017 140,800 4,982 10,000 4.00% 200 150,000 3.85% 15,400 17,210 338,593 397,424 3,469,767 459,400 2038 2039 588,487 156,140 9,274 753,901 134,400 1,646 0 4.00% 0 160,000 3.85% 9,433 17,554 323,033 430,868 3,900,635 165,000 2039 2040 588,487 175,529 9,274 773,290 0 4.00% 0 165,000 3.85% 3,176 17,905 186,082 587,208 4,487,843 (0) 2040 Total 7,982,391 1,068,725 213,307 796,592 1,106,552 1,819,200 3,752,547 16,678,813 335,850 314,741 1,696,000 294,905 120,000 32,700 1,545,000 410,950 6,141,908 0 577,727 568,756 12,178,110 Total Notes: 1) Proposed 2028 GONs are per 2026 FMP CIP. 2) Commercial Incentive is Glacier Hills Credit Union. End of Expenditure Period Last year of audited actuals Debt Premium Personal Property Aid Projected Revenues Land Sale Revenue SF BalancesExpenditures 2026A GO Notes 120,000 05/01/26 Proposed 2028 G.O. Notes 1,545,000 06/01/28 Actual Debt Service G.O. Bonds, Series 2019D (TID#7) 2,032,000 05/01/26 Street Lights/Final Pavement Commercial Incentive2Financing Costs Projected TID Closure Page 29 of 35 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 1 – Municipality and TID Co-muni code Municipality County Due date Report type TID number TID type TID name Creation date Mandatory termination date Anticipated termination date Section 2 – Beginning Balance Amount TID fund balance at beginning of year 66141 JACKSON WASHINGTON 07/01/2026 ORIGINAL 007 6 N/A 06/11/2019 06/11/2039 N/A $-597,594 Section 3 – Revenue Amount Tax increment Investment income Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID $34,078 $6,112 $9,274 TID number Developer guarantees Developer name Transfer from other funds Source TID number 4 $796,592 Grants Source Other revenue Source Washington County NGH, Land Rent, Proceeds $45,628 Total Revenue (deposits) $891,684 Page of 1 4 Page 30 of 35 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 4 – Expenditures Amount Capital expenditures Administration Professional services Interest and fiscal charges DOR fees Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID $16,530 $0 $13,155 $42,165 $150 $86,400 TID number Developer grants Developer name Glacier Hills Credit Union $117,295 Transfer to other funds Fund Other expenditures Name Total Expenditures $275,695 Section 5 – Ending Balance Amount TID fund balance at end of year Future costs Future revenue Surplus or deficit $18,395 $5,530,753 $5,335,207 $-177,151 Page of 2 4 Page 31 of 35 WI Dept of Revenue TID Annual Report Form PE-300 2025 Current Year TID New Construction Values TID TID New Construction Increase TID New Construction Decrease Prior Year Correction TID Net New Construction (NNC) Section 6 – TID New Construction 005 $0 $0 $0 $0 006 $7,736,700 $0 $0 $7,736,700 007 $14,334,400 $0 $13,000 $14,347,400 Total $22,071,100 $0 $13,000 $22,084,100 Current Year Allowable Levy Increase Attributable to TID NNC TID TID Net New Construction Prior Year Municipal Equalized Value TID Net New Construction % Prior Year Adjusted Actual Levy Allowable Levy Increase Attributable to TID Net New Construction 005 $0 $1,308,958,400 0.00 $4,336,395 $0 006 $7,736,700 $1,308,958,400 0.59 $4,336,395 $25,585 007 $14,347,400 $1,308,958,400 1.10 $4,336,395 $47,700 Total $22,084,100 $1,308,958,400 1.69 $4,336,395 $73,285 Current Year Actual TID NNC Impact to Municipal Levy Levy Increase Attributable to TID Net New Construction Increase per $100,000 $73,285 $0.73285 Historical Allowable Levy Increase Attributable to TID NNC Year TID TID Net New Construction TID Net New Construction % Allowable Levy Increase Attributable to TID Net New Construction Prior Year Adjusted Actual Levy Prior Year Municipal Equalized Value 2024 004 $0 $1,182,093,600 0.00 $4,163,166 $0 2024 005 $0 $1,182,093,600 0.00 $4,163,166 $0 2024 006 $-45,100 $1,182,093,600 0.00 $4,163,166 $0 2024 007 $593,100 $1,182,093,600 0.05 $4,163,166 $2,082 2024 Total $548,000 $1,182,093,600 0.05 $4,163,166 $2,082 2023 004 $0 $1,069,281,100 0.00 $4,066,823 $0 2023 005 $0 $1,069,281,100 0.00 $4,066,823 $0 2023 006 $9,453,900 $1,069,281,100 0.88 $4,066,823 $35,788 2023 007 $0 $1,069,281,100 0.00 $4,066,823 $0 2023 Total $9,453,900 $1,069,281,100 0.88 $4,066,823 $35,788 Page of 3 4 Page 32 of 35 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 7 – Contact Information Contact name Contact title Contact email Contact phone Darlene Smith Treasurer (262) 677-9001darlene.smith@villageofjacksonwi.gov Page of 4 4 Page 33 of 35 1 Resolution #26-30 RESOLUTION #26-30 JOINT REVIEW BOARD RESOLUTION ACKNOWLEDGING FILING OF ANNUAL REPORT AND COMPLIANCE WITH ANNUAL MEETING REQUIREMENT FOR THE VILLAGE OF JACKSON WHEREAS, Wis. Stat. § 66.1105(4m)(f) requires the Joint Review Board (“JRB”) meet annually on July 1, or when an annual report under Wis. Stat. § 66.1105(6m)(c)(intro.) becomes available, to review the annual report and to review the performance and status of each district governed by the JRB; and WHEREAS, the Village has filed an annual report with the Wisconsin Department of Revenue for the following districts: Tax Incremental District No. 5 Tax Incremental District No. 6 Tax Incremental District No. 7; and WHEREAS, copies of the annual reports have been provided to each overlying taxing jurisdiction; and WHEREAS, the JRB met on September 8, 2026, to review the annual reports and the performance and status of each of the districts governed by the JRB. NOW, THEREFORE, BE IT RESOLVED that the Village has complied with its reporting requirements under Wis. Stat. § 66.1105(6m)(c)(intro.) and requirement to hold an annual JRB meeting under Wis. Stat. § 66.1105(4m)(f). Passed and Adopted this ________day of ________________,2026. Introduced by: Seconded by: Vote: ayes nays Passed and Approved: Attest: ____________________________________ JRB Chairperson ____________________________________ Lisa Heiser – Village Clerk Page 34 of 35 2 Resolution #26-30 Proof of Posting: I, the undersigned, certify that I posted this Resolution on bulletin boards at the Jackson Municipal Complex, Jackson Post Office, Jackson Community Center, and the Village website. Village Official Date Page 35 of 35