Village Packet 10.01.2025

Cassie Lang Village Clerk / Deputy Treasurer VILLAGE OF MARATHON CITY, MARATHON COUNTY, WISCONSIN AGENDA VILLAGE BOARD MEETING – HYBRID VILLAGE HALL BOARD ROOM WEDNESDAY, OCTOBER 1, 2025 – 6:00PM PUBLIC VIRTUAL ACCESS Join Teams Meeting: https://www.microsoft.com/en-us/microsoft-teams/join-a-meeting Meeting ID: 229 434 982 56 Passcode: 832Rn6k4 Notice Posted at the Municipal Center Notice Received by Record-Review DATE: Monday, September 29, 2025 DATE: Monday, September 29, 2025 TIME: 2:45 pm TIME: 2:45 pm 1. CALL TO ORDER ROLL CALL: K. HANDRICK, M. AHRENS, K. SORENSON, K. PAUL, B. PARLIER, J. LAWRENCE, A. CABRERA 2. P LEDGE OF ALLEGIANCE 3. RE COGNITION OF VISITORS a. Virtual Meeting Guidelines i. This meeting will be recorded and available upon request b. Public Participation at Government Meetings 4. AP PROVAL OF MINUTES OF PREVIOUS MEETINGS a. Discuss and Possible Action on Approval of Minutes for September 3, 2025 Village Board Meeting 5. AP PROVAL OF LICENSE APPLICATIONS 6. ADM INISTRATORS REPORT 7. UNF INISHED BUSINESS 8. NE W BUSINESS a. Discussion on Marathon County Increased 2026 Dog Licensing Fees b. Discuss and Approve 2026 Marathon County Recycling Cooperative Waste Reduction/Education Agreement c. Discuss and Approve Harter’s 5-Year Sanitation and Recycling Contract starting in 2026 d. Discuss Draft 2026 General Fund, Utility Fund, Park Fund and TID Funds Cassie Lang Village Clerk / Deputy Treasurer e. Discuss and Approve – The Overland Group, LLC – Notice of Termination of Development Agreement (D.G Market and/or Dollar General Store) 9. REVIEW AND APPROVAL OF BILLS 10. RESOLUTIONS AND ORDINANCES 11. VILLAGE BOARD WILL GO INTO CLOSED SESSION PER WIS. STAT. 19.85(1)(e) “DELIBERATING OR NEGOTIATING THE PURCHASE OF PUBLIC PROPERTIES, THE INVESTING OF PUBLIC FUNDS, OR CONDUCTING OTHER SPECIFIED PUBLIC BUSINESS, WHENEVER COMPETITIVE OR BARGAINING REASONS REQUIRE A CLOSED SESSION.” a. Veteran’s Park/County Materials Sports Complex User Agreements 12. VILLAGE BOARD WILL CONTINUE IN CLOSED SESSION PER WIS. STAT. 19.85 (1)(c) “CONSIDERING EMPLOYMENT, PROMOTION, COMPENSATION OR PERFORMANCE EVALUATION DATA OF ANY PUBLIC EMPLOYEE OVER WHICH THE GOVERNMENTAL BODY HAS JURISDICTION OR EXERCISES RESPONSIBILITY.” a. Village Administrator Performance Review b. 2026 Employee Wages & Compensation 13. VILLAGE BOARD WILL RETURN TO OPEN SESSION 14. TAKE ACTION ON CLOSED SESSION ITEMS IF NEEDED 15. FUTURE MEETINGS & SCHEDULED MEETINGS: a. Regular Village Board Meeting – Wednesday, November 5, 2025 – 6:00 pm b. Special Board Meeting – As Needed 16. ADJOURNMENT Cassie Lang Village Clerk / Deputy Treasurer VILLAGE OF MARATHON CITY, MARATHON COUNTY, WISCONSIN AGENDA VILLAGE BOARD MEETING – HYBRID VILLAGE HALL BOARD ROOM WEDNESDAY, SEPTEMBER 3, 2025 – 6:00PM MINUTES 1. CALL TO ORDER at 6:01 pm ROLL CALL: K. HANDRICK-Present, M. AHRENS-Present, K. SORENSON-Present, K. PAUL- Present, B. PARLIER-Absent, J. LAWRENCE-Present, A. CABRERA-Absent 2. PLEDGE OF ALLEGIANCE 3. RECOGNITION OF VISITORS a. Virtual Meeting Guidelines i. This meeting will be recorded and available upon request b. Public Participation at Government Meetings Attending Virtually: Kevin O’Brien – Record Review 4. APPROVAL OF MINUTES OF PREVIOUS MEETINGS a. Discuss and Possible Action on Approval of Minutes for August 6, 2025 Village Board Meeting MOTION – Approve Minutes from August 6, 2025 Village Board Meeting Motion made by Lawrence second by Sorenson. Motion passed by voice vote. 5. APPROVAL OF LICENSE APPLICATIONS a. Discuss and Approval of Temporary Operator License for Doug Kage for St Mary’s Packer Tailgate Party MOTION – Approve Temporary Operator License for Doug Kage for St. Mary’s Packer Tailgate Party Motion made by Paul second by Ahrens. Motion passed by voice vote. b. Discuss and Approval Temporary Class B Liquor (Picnic) License for St Mary’s Packer Tailgate Party MOTION – Approve Temporary Class B Liquor (Picnic) License for St. Mary’s Packer Tailgate Party Motion made by Paul, second by Lawrence. Motion passed by voice vote. c. Discuss and Approval of Operator License for Robert Lee for RStore Robert Lee supplied all needed paperwork with application and passed background check. MOTION – Approve Operator License for Robert Lee for R-Store Motion made by Ahrens second by Paul. Motion passed by voice vote. 6. ADMINISTRATORS REPORT Administrator Cherek presented the Board with his Administrator’s Report with the daily operations of the Village. Report can be found in the Agenda Packet. 7. UNFINISHED BUSINESS Cassie Lang Village Clerk / Deputy Treasurer 8. NEW BUSINESS a. Discuss and Possible Action on Setting 2025 Village Trick or Treating Hours Cherek stated Halloween falls on a Friday this year. Board members discussed 3 dates to hold Trick or Treating: the Sunday before, the day of Halloween or the Sunday after. Years past it has been the Sunday before. MOTION – Set Halloween Trick or Treating Hours to Sunday, October 26 th, 2025 from 4:00pm to 6:00pm Motion made by Sorenson second by Lawrence. Motion passed by voice vote. b. Discussion of Newly Created CIP & Debt Service Funds Administrator Cherek informed the Board that the Village office has created a separate LGIP savings account at Peoples State Bank to use for Capital Improvement Projects. New CIP and Debt Service Funds were created in the WorkHorse Accounting Program to better manage the money spent on Capital Improvement Projects and Debt borrowed from the 2025 GO Bond or future borrowing. This was all approved and set up with the help of the Village Auditors. c. Discuss and Approve 2026 Fire Department and EMS Budget Administrator Cherek presented the Board with the proposed Fire Department Budget for 2026 totaling $185,558.77 in Expenditures. The Expenditures increased 12.5% which is partially offset by a decrease in debt payments of 16.22% from the Village’s 2025 bond refunding approved in August. The Village and Towns of Cassel, Rib Falls and Stettin will pay an increase of approximately 3.5% in fire protection fees collectively due to more fire calls from the previous 5-year average. The Village’s section fee will go up $2,152.82. The increase in the Village section fees is largely due to an increase in section equalized values which determines the distribution of the section fees between the Village and Towns. The EMS Budget will increase by 2.24% totaling $43,833.87 in expenditures, due to the larger number of calls EMTs have been responding to. These expenditures will be paid for by the Village (about 63%) and the Towns of Marathon, Cassel and Stettin paying 37% jointly. The Village will pay approximately $6,000 less in 2026 due to the call volume in the Village decreasing compared to the townships. Cherek presented Proposed 2026 Fire/EMS Revenues of $148,312.84 and Expenditures of $333,244.72. MOTION – Approve the 2026 Proposed Fire/EMS Budget as Presented Motion made by Paul second by Ahrens. Motion made by voice vote. d. Discuss and Possible Action on Certified Survey Map from Riverside Land Surveying, LLC for Sam & David Phillips The Board was presented with a Certified Survey Map from Riverside Land Surveying, LLC. The survey split a parcel leaving 1.171 acres on the north end with an out building and a couple silos. The south parcel created includes a house and a couple sheds near the new parcel lot line to the north. The new parcel lot line would be 7’6” from any out building on either lot. This falls in line with the Rural Residential (R-4) zoning ordinance of 5’ setbacks. MOTION – Grant Approval of Certified Survey Map from Riverside Land Surveying, LLC for Sam & David Phillips Motion made by Paul second by Sorenson. Motion made by voice vote. Cassie Lang Village Clerk / Deputy Treasurer 9. REVIEW AND APPROVAL OF BILLS Trustees questioned the following bills payments: Check 48953 – Wisco Creative – New document library for Village website Check 48959 – HD Excavating & Demo, LLC. – Tree removal in 2nd St alley – homeowners split cost and paid Village Check 48967 – American Asphalt – Veterans Park blacktop MOTION – Approve Payment of Bills Motion made by Ahrens second by Paul. Motion made by voice vote. 10. RESOLUTIONS AND ORDINANCES 11. VILLAGE BOARD WILL GO INTO CLOSED SESSION PER WIS. STAT. 19.85(1)(e) “DELIBERATING OR NEGOTIATING THE PURCHASE OF PUBLIC PROPERTIES, THE INVESTING OF PUBLIC FUNDS, OR CONDUCTING OTHER SPECIFIED PUBLIC BUSINESS, WHENEVER COMPETITIVE OR BARGAINING REASONS REQUIRE A CLOSED SESSION.” a. St. Matthew’s b. 400 Block MOTION – Village Board will go into Closed Session per Wis. Stat. 19.85(1)(e) at 7:15 pm. Motion made by Ahrens second by Paul. Motion passed by roll call vote. M. AHRENS-Yes, K. SORENSON-Yes, K. PAUL-Yes, B. PARLIER-Absent, J. LAWRENCE-Yes, A. CABRERA-Absent K. HANDRICK 12. VILLAGE BOARD WILL CONTINUE IN CLOSED SESSION PER WIS. STAT. 19.85 (1)(c) “CONSIDERING EMPLOYMENT, PROMOTION, COMPENSATION OR PERFORMANCE EVALUATION DATA OF ANY PUBLIC EMPLOYEE OVER WHICH THE GOVERNMENTAL BODY HAS JURISDICTION OR EXERCISES RESPONSIBILITY.” a. Village Administrator Performance Review b. 2026 Employee Wages & Compensation 13. VILLAGE BOARD WILL RETURN TO OPEN SESSION MOTION – Village Board will Return to Open Session at 9:00 pm. Motion made by Ahrens second by Paul. Motion passed by roll call vote. K. SORENSON-Yes, K. PAUL-Yes, B. PARLIER-Absent, J. LAWRENCE-Yes, A. CABRERA-Absent, K. HANDRICK- Yes, M. AHRENS-Yes 14. TAKE ACTION ON CLOSED SESSION DISCUSSION IF NEEDED No Action Taken 15. FUTURE MEETINGS & SCHEDULED MEETINGS: a. Regular Village Board Meeting – Wednesday, October 1, 2025 – 6:00 pm b. Special Board Meeting – As Needed 16. ADJOURNMENT at 9:05 pm. Motion to adjourn made by Lawrence second by Paul. Motion made by voice vote. Administrator’s Report, October 1, 2025 1) Permits  Building Permits o 613 East St - Bathroom upgrade  Utility Permit o 4th St – Walnut to Market – Charter Communications 2) Fire Department  First Responder Calls – September o 6 total calls (see packet for details)  Fire Calls – August o 1 total calls (Town of Stettin) 3) Administration – Clerk’s Office  Attended the Workhorse Software Conference on September 26th in Rib Mountain. This software supports our accounting and utility billing systems. I found it very beneficial attending this event.  Actively pursuing municipal insurance quotes:  Received a quote from the League of Municipalities Insurance that is over 20% lower than our current premium.  Awaiting a revised quote from EMC Insurance.  A contract proposal will be presented at the next board meeting.  Continued work on 2026 budgeting and daily administrative operations. Project Updates: County Materials Sports Complex  Final layer of the parking lot installed on September 28th.  Line painting scheduled for October 4th.  Final item on the contract; once payment is processed, the $450,000 grant can be submitted—likely post-budget season. North Industrial Park  Kruczek Construction scheduled for October 2nd to install final stormwater components.  Concrete and asphalt work to follow.  WPS will install street lighting in Spring 2026. Fire Department IT Upgrades  IT improvements are in progress and expected to be completed this week. 4) Public Works / Utilities  Transitioning to fall/winter preparation.  Installed a new crosswalk to support School District needs.  Water Tower Painting & Restoration is complete and operational.  Municipal Well #1 repairs are underway and expected to be completed by end of October.  Sanitary Sewer CIPP Lining Project will be going out for bid soon 5) Emergency Management  Police Department continues collaboration with the School District through D.A.R.E. and other school activities.  Officers maintain a strong community presence at the Farmers Market and other local events. 6) Administrator Activities & Plans for October  Ehlers Levy Limit Workshop – October 2nd  Finalize the 2026 Village Budget  Review and Award bid documents for Sanitary Sewer Cured-In-Place-Pipe lining project Steven Cherek Village Administrator Classification 25 County 25 Village2025 Total Charge for service 26 County Fee amount 26 Village Proposed matching County Fee Amount 2026 New Fee amount Non-Neutered 5 5 10 12 12 24 Neutered 10 10 20 20 20 40 Kennel License 50 50 100 80 80 160 Dog Tags 0.25 0.25 0.5 0.25 0.25 0.5 Charge for Pet License - 2026 new fee Amount Proposed Marathon County Solid Waste Department 172900 Hwy 29, Ringle WI 54471 Director: Operations Manager: Main Office: 715-551-5864 715-297-0429 715-446-3101 X103 marathoncountysolidwaste.org MEMORANDUM TO: COOPERATIVE RECYCLING EDUCATION PARTICPATING MUNICPALITY FROM: DAVID HAGENBUCHER – SOLID WASTE DIRECTOR SUBJECT: COOPERATIVE PROGRAM FOR DNR RECYCLING BONUS GRANT DATE: AUGUST 21, 2025 Since 2013 the Solid Waste Department (SWD) has helped connect towns and villages interested in cooperating on their recycling education and outreach programs. This service of the SWD is open to any municipality that submits a DNR Recycling Basic Grant and conducts an Effective Recycling Program (as defined by Wisconsin Statute). The Cooperative Recycling Education Program has brought in much needed dollars to local recycling programs; these dollars are in addition to the Basic Grant dollars. To learn more about the grant, please see information on DNR’s website: https://dnr.wisconsin.gov/aid/Consolidation.html We are proud of this work and enjoy being a valuable resource to the Marathon County community. The SWD program and its resources will compliment your existing program. Our goals are to: 1. Free up some of your busy schedule by providing you with additional resources for your RU’s recycling education and outreach programs 2. Help your residents and businesses learn how to reduce waste and recycle right 3. Have available to your residents and businesses easy to access and understand information on recycling and waste reduction via a toll-free number, a website and social media. a. 877-270-3989 b. www.marathoncountysolidwaste.org c. On Facebook at: Central Wisconsin Recycling Cooperative If you wish to participate you will need to approve and sign the attached agreement. I will then provide each of the participants the names of the other participating RUs so you will have that information for your 2026 Recycling Grant application. Keep a copy of the agreement and send a copy back to me at your earliest convenience. The copy may be e-mailed or mailed. Remember, you will need the list of participating RUs for your Basic Grant application. I will work to get the list of RUs out to participants as quickly as possible so that you can complete your grant process by the October 1st deadline. We look forward to again working with you to reduce, reuse & recycle! David Hagenbucher Solid Waste Director at Marathon County 172900 Highway 29 Ringle, WI 54471 715-551-5864 David.Hagenbucher@co.marathon.wi.us MARATHON COUNTY RESPONSIBLE UNITS OF RECYCLING COOPERATIVE WASTE REDUCTION, REUSE AND RECYCLING EDUCATION PROGRAM AGREEMENT To Satisfy Eligibility for Recycling Consolidation Grant--Calendar Year 2026 This agreement is entered into between the cooperative group of Marathon County Responsible Units of Recycling, listed in Appendix A, and the Marathon County Solid Waste Department for the purpose of implementing efficiencies related to operating an effective recycling program in accordance with ss. 287.11 and 287.24, Wis. Stats., and ch. NR 542, Wis. Admin. Code. The City/Village/Town (circle one) of Marathon City and the cooperative group of Marathon County Responsible Units of Recycling, along with the Solid Waste Department, agree to jointly undertake the following effective recycling program activities:  Develop and distribute educational materials relating to waste reduction, reuse, and recycling.  Carry out a program of technical assistance to businesses and owners and occupants of multifamily dwellings to increase the availability and convenience of recycling (not applicable for those municipalities without businesses and multi-family units). Description of Effective Recycling Program Component o What: Waste Reduction, Reuse and Recycling Education and Community Outreach o The education and community outreach program is a full-time, continuous program that uses multiple types of media to engage residents, businesses and organizations to increase recycling rates and reduce wastes entering landfills. The program capitalizes on the strengths of the Solid Waste Department waste management experts and the connection that each the local RU has with its constituents, leveraging these assets into a broad-based, consistent message across the diverse range of RUs in Marathon County o Additionally, the program will outreach to businesses and multi- family unit owners to outline recycling responsibilities and requirements o Where: The cooperating group of Marathon County Responsible Units of Recycling Describe Each Responsible Unit’s Responsibilities Each Responsible Unit will do the following:- o Meet the statutory terms of a Responsible Unit of Recycling and conduct an Effective Recycling Program o Apply for the DNR Basic Recycling Grant and the Recycling Consolidation Grant o Administer the terms of service contracts for collection and transportation of recyclables o Make all payments to their respective recycling service provider for collection and transportation of recyclables o Have available to constituents information that directs them to the Solid Waste and Recycling Information Line and Solid Waste Department website o Enforce the provisions of their respective recycling ordinance o Administer a Compliance Assurance Plan to ensure residents, businesses and organizations meet conduct recycling as specified in the recycling ordinance o Keep and use their Basic Grant and RU Consolidation Grant per the grant terms The Solid Waste Department will do the following:- o Administer the department’s waste reduction, reuse and recycling education program o Have available to residents, businesses and organizations a toll-free Solid Waste & Recycling Information Line and up-to-date website with a wide variety of resources related to waste reduction, reuse and recycling o Conduct community presentations on waste reduction, reuse and recycling o Manage a Facebook page that promotes waste reduction, reuse and recycling o Promote and advertise Department’s toll-free number/website through a variety of media and the “Central Wisconsin Recycling Collective” and “Recycle Right Wisconsin” messages o Assist RUs with strategies on reducing the waste stream and recycling more Benefits of a Cooperative Education Program o RUs will be able to free up staff resources from recycling education/outreach to other work by directing inquiries to the fully staffed Solid Waste & Recycling and Information Line and resource-rich Solid Waste Department website o A consistent message of what to recycle and on waste reduction will increase recycling rates and reduce waste; both aiding local government in saving money on waste disposal and assist the Solid Waste Department in ensuring that banned materials do not enter the landfill o With the expert resources of the Solid Waste Department any inquiry about waste reduction, reuse or recycling is quickly and effectively handled. Even when smaller municipalities have either limited or part-time recycling staff, a resident has one call or one click access to information, expanding recycling education customer service to all of Marathon County. Cooperative Agreement Effective Dates January 1, 2026 through December 31, 2026 Cooperative Agreement Termination Any RUs that do not comply with their statutory obligations, as determined by the DNR, will not be eligible for participation in the cooperative program. The undersigned parties mutually agree to the terms and conditions of this Cooperative Agreement. For the Responsible Unit of Recycling: __________________ Signature & title of Authorized Representative Date For the Marathon County Solid Waste Department _______________________________________________________ August 21, 2025 David Hagenbucher Director-SWD Date MARATHON COUNTY RESPONSIBLE UNITS OF RECYCLING COOPERATIVE WASTE REDUCTION, REUSE AND RECYCLING EDUCATION PROGRAM AGREEMENT APPENDIX A---PARTICIAPTING MUNCIPALITIES 2025 1. Emmet, Town of 2. Johnson, Town of 3. Knowlton, Town of 4. Marathon, Village of 5. Plover, Town of 6. Rib Mountain, Village of 7. Ringle, Town of 8. Weston, Village of 9. Wausau, Town of 10. Texas, Town of 11. Edgar, Town of 12. Mosinee, City of 13. Easton, Village of 14. Rothschild, Village of 15. Rietbrock, Town of 16.Schofield, City of 17. Kronenwetter, Village of 18.Halsey, Town of 1 SANITATION AND RECYCLING CONTRACT Village of Marathon City January 1, 2026 – December 31, 2030 2 SANITATION AND RECYCLING CONTRACT The Village of Marathon City, in Marathon County, Wisconsin, hereinafter called "Marathon City", acting and through its duly authorized agent, and Harter’s Fox Valley Disposal, LLC, duly organized under the laws of the State of Wisconsin, hereinafter called "Harter’s", do hereby covenant and agree as follows: 1) GRANT: For and in consideration of compliance by Harter’s with the covenants and conditions herein set forth, and the ordinances and regulations of Marathon City and the laws of the State of Wisconsin governing the collecting and disposal of refuse and recyclables, Marathon City hereby grants to Harter’s a permit to use the public roads, alleys, and thoroughfares within its corporate limits for the purposes of collecting garbage, trash and other refuse. 2) TERM: The term of this agreement shall commence on January 1, 2026 and shall terminate on December 31, 2030; (five) years. 3) EXTENSION OF AGREEMENT: This agreement shall automatically continue for like term unless either party notifies the other in writing at least sixty days before the end of the original or any extended term. All provisions of this agreement shall remain in force. At any time during the term of this contract, the parties may agree in writing, which may be by correspondence, to extend the term of this agreement. 4) SCOPE AND NATURE OF OPERATION: It is expressly understood and agreed that Harter’s shall perform the services as set forth in Exhibit A, and Exhibit B. 5) VEHICLE MARKING AND INDEMNIFICATION: All vehicles and equipment used by Harter’s for the collection and transportation of garbage shall be utilized in the manner specified by the manufacturer of such equipment to minimize or to prevent the blowing or scattering of refuse onto the public streets or properties adjacent thereto, and such vehicles shall be clearly marked with Harter’s name in letters not less than six inches in height. 6) DISPOSAL OF REFUSE: Harter’s shall deliver all garbage, trash and other refuse collected from premises to Marathon County Solid Waste, Harter’s to pay disposal fees. Harter’s shall deliver all recycling materials to their own facility in Ringle, WI, which will then be transported to a MRF of their choosing. Harter’s reserves the right to increase the monthly rate per household accordingly to compensate for significant landfill rate increases. 3 7) NON-COLLECTION - NOTICE AND FOLLOW-UP: a) Where the owner or occupant of any premises does not maintain proper or adequate refuse containers according to Marathon City’s ordinance, or is otherwise in violation of Marathon City’s ordinance with respect to the location of refuse containers or the nature, volume or weight of refuse to be removed from the premises, Harter’s shall refrain from collecting all or a portion of such refuse and will notify Marathon City and the owner or occupant thereof within 24 hours thereafter of the reason for such non- collection. If Marathon City feels Harter’s actions are not proper, Marathon City may order Harter’s to pick up the refuse by issuing a collection order. In such event, Harter’s shall pick up subject refuse within ten business days. b) Where Marathon City is notified by an owner or occupant that refuse has not been removed from a premises on the scheduled collection day, and where no notice of non- collection or a change in collection schedule has been received from Harter’s, Marathon City shall investigate the matter, and if the investigation discloses that Harter’s has failed to collect refuse from the subject premises without cause as supported by notice as described herein, Harter’s shall collect the same within 24 working hours after a collection order is issued by Marathon City. 8) COMPLAINT HANDLING BY HARTER’S: Harter’s shall, at its own expense, provide a manned telephone answering service from 7:00 a.m. until 4:30 p.m. central standard time, daily, Monday through Friday, excluding such holidays as may be approved by Marathon City, for the purpose of handling complaints and other calls regarding refuse collection service provided by Harter’s. Holidays to be observed are New Year’s Day, Memorial Day, July 4th, Labor Day, Thanksgiving Day and Christmas Day. If collection falls on one of the aforesaid holidays, Harter’s, at its option, will either collect the refuse on the holiday or on the day after the holiday so that residential customers, specifically, are not left without a refuse pick-up for over one week. 9) CONSIDERATION: Harter’s shall receive, in consideration of the performance of this agreement, the following fees for residential service under the rates described below: a) The basic fee will be $9.31 per household per month for garbage for 65-gallon size, $9.93 per household per month for garbage for 95-gallon size, and $5.28 per household per month for recycling services. b) Municipal locations included in this contract are: 4 1) Village Hall – 4yd Trash c) 40 yard dumpster to be provided for bulk cleanup at a rate of $114.75 per container, Village is responsible for tonnage. Rates are subject to annual CPI. *Non-landfillable items will be charged on a per item basis d) Harter’s will provide two 95-gallon containers for each resident. One to be used for garbage and one to be used for recycling. Harter’s is responsible for maintaining any damaged carts caused by normal wear and tear. If carts are damaged from reasons other than normal wear and tear, are lost or are stolen, it is the responsibility of resident to pay the replacement fee. Additional carts for residents are available to rent, residents will be billed directly from Harter’s. e) Rates guaranteed for one year and annual CPI increase is based on the US Department of Labor, Bureau of Labor Statistics, and Consumer Price Index for All Urban Consumers (CPI-U), expenditure category of “Garbage and Trash Collection”. f) Contractor may, on a monthly basis, add a Fuel Surcharge to the Village’s invoice in the amount of 1% of the per Household Unit rate for every $0.15 increase in the average compress natural gas (CNG) prices above a base rate of $2.15 per gallon (the “Fuel Surcharge”). No Fuel Surcharge will be charged to the Village if the average CNG price for the prior month is at or below $2.15 per gallon. The cost of CNG fuel for purpose of this section will be based on the national average price as identified in the Alternative Fuel Price Report published by the United States Department of Energy, which date is available online at https://afdc.energy.gov/fuels/prices.html 10) UPDATING HOUSE COUNTS: Marathon City shall inform Harter’s of all new construction, residential properties so they may be added to the collection route. Marathon City shall be responsible for updating collection house counts annually on the first day of year. Updated house counts are subject to verification from Harter’s. 11) BILLING PAYMENTS: Harter’s shall issue Marathon City a detailed monthly invoice for work satisfactorily performed by Harter’s. Marathon City shall pay Harter’s within 15 days following the receipt of a detailed monthly invoice. 12) MANDATORY SERVICE: It is understood that an ordinance of Marathon City mandates subscription to refuse service as prescribed therein under terms, conditions and special provisions as contained therein. 13) INDEMNIFICATION INSURANCE: Harter’s assumes all risk of loss or injury to property or persons arising from any of its operations under this agreement, and agrees to 5 hold Marathon City harmless from all claims, demands, suits, judgments, costs or expenses arising from any such loss or injury, unless such injury or loss is caused by the actionable negligence of Marathon City or its employees. Harter’s agrees to carry insurance as follows: a) Workman's compensation insurance covering all employees of Harter’s engaged in any operation covered by this agreement to the extent required by the laws of the State of Wisconsin; b) Automobile and public liability insurance - $1,000,000 for personal injuries to any one person and $1,000,000 for personal injuries arising out of any one accident, casualty or event; and property damage insurance in the amount of $1,000,000; c) General liability insurance in the amount of $2,000,000; and d) Harter’s shall furnish a Certificate of Insurance issued by companies authorized to conduct insurance business in the State of Wisconsin and naming Marathon City as an additional insured and shall name Marathon City in the same general terms and the same general effect as the foregoing Harter’s requirements. Such policies shall indemnify and hold harmless Marathon City, and certificates evidencing such insurance contracts shall be deposited with Marathon City. 14) NON-COMPLIANCE, PENALTIES: In the event either party shall fail to perform any of the terms, conditions or covenants of this agreement, the non-defaulting party shall notify the other party in writing of the fact of such default and if the event or condition is not corrected or otherwise made to comply with the terms of this agreement within a period of time which is reasonable in relation to the nature of the event of non- compliance, but in no case more than 30 days, the same shall constitute an act of non- compliance. If, after notification in writing, the non-compliance is not corrected within 30 days, then the non-breaching party may terminate this contract, or may pursue any and all available legal remedies, at law or in equity effective immediately. 15) REVOCATION, TERMINATION FOR CAUSE: In addition to the specific right to terminate mentioned herein, if at any time Harter’s shall file a petition in bankruptcy or petition to take advantage of any insolvency act; shall make an assignment for the benefit of creditors; or shall commence a proceeding for the appointment of a receiver, trustee, liquidator or conservator of itself or to the whole or any substantial part of its properties, then Marathon City may, after a hearing as described herein, revoke and cancel the permit hereby granted, and the agreement shall be null and void as of the date of said 6 determination by Marathon City. The hearing prerequisite to such revocation shall not be held until notice of such hearing has been given to Harter’s by certified mail, addressed to Harter’s at the address shown herein, and a period of at least 30 working days has elapsed since the mailing of such notice. The notice shall specify the time and place of the hearing and shall include the reasons for Athen’s revocation of such permit and this agreement. The hearing shall be conducted in public by and Harter’s shall be allowed to be present and given full opportunity to answer such charges and allegations as are set out against Harter’s in the notice. If, after the hearing is concluded, Marathon City shall determine that the charges and allegations set forth in the notice are affirmed by the facts presented at the hearing, it may revoke and cancel this agreement and the permit and the same shall be null and void. Marathon City’s decision shall be final and Harter’s shall be bound thereby. 16) PERMITTED RATE CHANGE: Harter’s and Marathon City herby agree that the aforesaid rate can be changed on if (1) Harter’s can demonstrate the contract price requires modification as a result of national war or national disaster, or (2) changes in landfill or governmental regulations substantially affects solid waste collection. The contract rate will be modified to pass through all such costs to Marathon City by giving 15 days written notice to Marathon City. At its option, Marathon City will have the right to reject the services covered by this contract if Marathon City is unwilling to accept the rate modification described in the preceding sentence. The revised rate will automatically take effect unless Marathon City notifies Harter’s prior to the effective date of the revised rate of Marathon City intent to exercise its option to reject the contract. 17) DISPUTE RESOLUTION: Any dispute arising with respect to this agreement, it’s making or interpretation, or its breach shall be settled by arbitration in Marathon, Wisconsin, pursuant to the then pertaining rules of the American Arbitration Association. Such arbitration shall be the sole and exclusive remedy for such dispute except as otherwise provided in this agreement. Any decision or reward rendered shall be final and binding upon the parties and a judgment may be entered in any court having jurisdiction. 18) NOTICES: All notices or other communication to be given hereunder shall be in writing and shall be deemed given when mailed by Certified United States Postal Mail, addressed to: Andrew M. Gayhart, General Manager, Harter’s Fox Valley Disposal LLC, 169901 Ringle Ave, Ringle, WI 54471. 7 19) INDEPENDENT CONTRACTOR: The parties hereto recognize and acknowledge that Harter’s is an independent contractor and shall never be construed to be an agent, servant, or employee of The Village of Marathon City. 20) GOVERNING LAW: This contract shall be governed by the laws of the State of Wisconsin. 21) AGREEMENT: The parties agree that this contract may not be assigned by Harter’s in the whole or in part without prior written approval of Marathon City. However, Harter’s may assign or subcontract this agreement to: a) any corporation or entity which owns at least fifty-one percent (51%) of Harter’s; b) any corporation or entity of which Harter’s owns at least fifty-one percent (51%); or c) any corporation or entity that is under the common control of any corporation or entity that owns at least fifty-one percent (51%) of Harter’s. Dated this day of , 2025. Harter’s Fox Valley Disposal, LLC By: Authorized Representative Andrew M. Gayhart MUNICIPALITY: Village of Marathon City By: Title: Attest: Municipality Clerk: 8 EXHIBIT A SERVICES TO BE PROVIDED Harter’s shall perform at least services described in exhibit A and shall fulfill the additional requirements set forth on Exhibit B for disposal of all garbage, trash and any and all other refuse accumulated on premises within the corporate limits of Marathon City where such collection is or may be required by Marathon City. Harter’s shall, at its own expense, furnish personnel and equipment sufficient to accomplish work herein after described. Harter’s will establish and maintain, in an efficient and business-like manner, such routes and special schedules as may be necessary to fulfill the refuse service requirements contained in the ordinances and regulations of Marathon City, and any future amendments and the further provisions of this agreement. Harter’s shall provide not less than the following prescribed type and level of services to-wit: 1) Residential family dwellings (defined as single-family home, townhomes, or each unit of a duplex, or triplex) trash services to be provided weekly and recycling services to be provided every other week. Collection will be made between 6:00 a.m. and 6:00 p.m. central standard time. Customers are responsible for placing their carts by the end of the driveway by 6:00 a.m. on the date of pick-up. Harter’s shall not be obligated to pick-up any trash/recycling not located near the end of the driveway or any trash/recycling that is not out by 6:00 a.m. 2) Residential carts are not to exceed 50 pounds. If carted, all waste must be bagged and fit properly inside the cart with lid shut. Any refuse that is outside of the cart will not be collected. All recyclable material must be placed loosely in the cart not bagged and fit properly with the lid shut. Any recyclable that is outside of the cart will not be collected. Cardboard segments must not exceed 2 feet in length. 3) This contract does not include Harter’s making any pick-ups at commercial sites. Any and all contracts for other commercial pick-ups shall be on an individual contract basis by and between the customer and Harter’s. 4) Large household items will be collected every other week at the expense of the resident. Resident must call Harter’s to schedule a pickup and for further pricing. 9 5) The community and all residents/customers located in said community shall comply with the following rules and regulations under this contract. Harter’s will not accept: a) any liquid waste b) building demo materials (lumber, metal, shingles, siding, etc.) c) recycling materials mixed with other refuse d) yard waste e) asbestos, in any form f) tires g) used motor oil h) hazardous or toxic wastes i) chemicals j) explosives, liquids k) flammable liquids l) paint m) trees and stumps n) carcasses o) medical wastes (unless personal needles which shall be properly contained in sharps container) Harter’s reserves the right to expand the list of solid waste disposal policies as local, state and federal regulation change. 6) All recyclables must be in a secured container, no “loose” recycling will be picked up. Recycling may be mixed together; cardboard segments may not exceed 2 feet in length. 7) Clean-up of spillage caused by Harter’s operation. 8) Disposal at state approved disposal site of all materials collected. This service shall be exclusive between the Village of Marathon City and Harter’s in regard to residential service. 10 EXHIBIT B STATEMENT OF HARTER’S REQUIREMENTS Harter’s will meet the following levels of service, requirements, stipulations, terms, conditions, and provisions. 1) Appearance and Cleanliness of Equipment: The collection equipment used by Harter’s must be approved by Marathon City, including approval of the equipment color and the design of all signs, logos, and graphics. Collection equipment must be kept in clean condition at all times. 2) Appearance of the Collection Crew: Harter’s shall provide uniforms to each collection worker and require that they be used. The uniform shall consist of a jacket or coverall, shirt, trousers and cap. Harter’s shall maintain the uniforms in a clean, neat and well-mended appearance. 3) Equipment Maintenance: All equipment must be maintained to assure the safety of the collection crew and residents of Marathon City. 4) Cleanup on Route: Harter’s shall pick up all blown; littered and broken material problems caused by Harter’s. Each truck shall carry at a broom and shovel all times. 5) Ownership of Materials: At the time of collections, ownership of the materials transfers from the resident to Harter’s. 6) Collection Hours: Collection service by all trucks will start between 6:00 a.m. and 9:00 a.m. central standard time. 7) Collection on Holidays: Harter’s is not required to provide service on Sundays, and on the following days: a) New Year’s Day b) Memorial Day c) Independence Day d) Labor Day e) Thanksgiving Day f) Christmas Day g) Days when the collection is canceled by Marathon City. The Village of Marathon City shall inform residents of the lack of service on these days as part of the promotion element of the program and of the appropriate make-up day for the missed collection day. 2017 2018 2019 2020 2021 2022 2023 2024 2025 Projected Ending Balance 2026 Budget Ending Fund Balance General 489,527.00$ 329,651.00$ 649,017.00$ 401,833.00$ 208,359.00$ 387,699.00$ 394,195.00$ 911,346.00$ 919,747.46$ 919,606.38$ TID 1 (315,008.00)$ (351,039.00)$ (311,679.00)$ 161,572.00$ 306,501.00$ 170,078.00$ (179,671.00)$ 188,535.00$ 508,670.00$ 26,191.55$ TID 2 - $ (131,292.00)$ (361,596.00)$ (554,568.00)$ (620,478.00)$ (653,297.00)$ (671,493.00)$ (701,358.00)$ (747,703.99)$ (775,746.02)$ utility 597,497.00$ 541,628.00$ 534,659.00$ 506,789.00$ 542,275.00$ 1,322,247.00$ 1,749,662.00$ 1,281,505.00$ 1,227,332.01$ 1,183,310.99$ Past Fund Balance Audit Numbers 10/1/2025 Budget Projection September 28, 2025 ADOPTED ADOPTED REVENUES AS OF PROJECTED YEAR-END Proposed REVENUES 2024 BUDGET 2025 BUDGET 9/28/2025 2025 2026 BUDGET LOCAL TAXES 931,385.48 $ 930,712.00$ 591,428.53$ 930,712.00$ 948,381.00$ SPECIAL ASSESSMENTS 95,504.52 $ 103,316.88$ 102,670.21$ 104,655.86$ 106,375.62$ INTERGOVERNMENTAL REVENUES 467,401.33$ 505,135.94$ 508,784.69$ 904,846.20$ 529,590.40$ LICENSES AND PERMITS 36,890.00 $ 33,318.00$ 31,599.93$ 35,624.75$ 33,034.00$ FINES & FORFEITURES 8,000.00 $ 7,800.00$ 7,007.06$ 7,856.84$ 7,500.00$ PUBLIC CHARGES FOR SERVICES 10,500.00$ 7,150.00$ 6,375.87$ 7,451.83$ 38,218.98$ INTERGOVERNMENTAL CHARGES 135,737.29$ 139,484.31$ 142,168.66$ 142,168.66$ 148,312.84$ MISCELLANEOUS REVENUE 68,117.00$ 100,596.00$ 127,294.56$ 165,206.17$ 131,720.00$ PROCEEDS FROM BORROWING 310,000.00$ - $ 12,561.50$ 12,561.50$ - $ SUB-TOTAL REVENUE 2,063,535.62$ 1,827,513.13$ 1,529,891.01$ 2,311,083.81$ 1,943,132.84$ PROCEEDS FROM FUND BALANCE -$ -$ -$ -$ -$ TOTAL REVENUE 2,063,535.62$ 1,827,513.13$ 1,529,891.01$ 2,311,083.81$ 1,943,132.84$ ADOPTED ADOPTED Expenses as of PROJECTED YEAR-END Proposed EXPENDITURES 2024 BUDGET 2025 BUDGET 9/28/2025 2025 2026 BUDGET GENERAL GOVERNMENT 222,676.94 $ 293,645.00$ 226,129.01$ 291,781.22$ 277,764.83$ PUBLIC SAFETY 647,876.44 $ 674,681.61$ 427,867.87$ 670,983.54$ 712,763.83$ PUBLIC WORKS 674,906.81 $ 328,818.03$ 357,676.36$ 501,444.07$ 279,419.39$ HEALTH & HUMAN SERVICES 97,512.96$ 107,087.64$ 59,908.04$ 106,884.66$ 109,761.94$ PARKS, CULTURE & RECREATION 19,625.00$ 53,384.83$ 44,477.84$ 57,048.69$ 67,483.87$ CONSERVATION & DEVELOPMENT 6,500.00$ 1,000.00$ 3,357.00$ 3,357.00$ 3,000.00$ MISCELLANEOUS 3,000.00 $ 2,000.00$ 2,918.32$ 3,500.00$ 2,000.00$ SUB-TOTAL OPERATIONS 1,672,098.15$ 1,460,617.11$ 1,122,334.44$ 1,634,999.18$ 1,452,193.86$ Transfer to CIP FUND - $ -$ 67,995.89$ 70,439.22$ 120,000.00$ Transfer to DEBT Fund 344,222.88 $ 365,683.43$ 248,374.10$ 574,070.96$ 357,059.04$ PROCEEDS TO FUND BALANCE 47,214.59$ 1,212.59$ 91,186.58$ 31,574.45$ 13,879.95$ TOTAL EXPENDITURES 2,063,535.62$ 1,827,513.13$ 1,529,891.01$ 2,311,083.81$ 1,943,132.84$ VILLAGE OF MARATHON CITY PROPOSED 2026 GENERAL FUND BUDGET VILLAGE OF MARATHON CITY September 28, 2025 2026 GENERAL FUND BUDGET Page 2 ADOPTED ADOPTED REVENUES AS OF PROJECTED YEAR-END PROPOSED REVENUES 2024 BUDGET 2025 BUDGET 9/28/2025 2025 REVENUES 2026 BUDGET GENERAL PROPERTY TAXES LOCAL PROPERTY TAXES 931,385.48 $ 930,712.00$ 591,428.53$ 930,712.00$ 948,381.00$ TOTAL TAXES 931,385.48 $ 930,712.00$ 591,428.53$ 930,712.00$ 948,381.00$ SPECIAL ASSESSMENTS & CHARGES SPECIAL ASSESSMENTS 1,357.00 $ 899.00 $ 899.00$ - $ INTEREST ON SPECIAL ASSESSMENTS 237.32$ 125.61 $ 125.61$ - $ GARBAGE & RECYCLING CHARGES 93,910.20$ 103,316.88$ 101,645.60$ 103,631.25$ 106,375.62$ TOTAL SPECIAL ASSESSMENTS 95,504.52$ 103,316.88$ 102,670.21$ 104,655.86$ 106,375.62$ INTERGOVERNMENTAL REVENUES STATE SHARED REVENUE 179,362.19 $ 181,315.69$ 36,423.30$ 181,315.69$ 181,858.33$ STATE COMPUTER AID 10,858.29 $ 6,669.94$ 6,669.94$ 6,669.94$ 6,669.94$ STATE HIGHWAY AIDS 150,918.52 $ 162,627.62$ 121,864.38$ 162,627.62$ 186,858.73$ STATE RECYCLING GRANT 10,989.23 $ 11,082.40$ 11,043.11$ 11,043.11$ 11,043.11$ Video Provider AIDS 2,973.10 $ 2,973.10$ 2,973.10$ 2,973.10$ 2,973.10$ STATE PERSONAL PROPERTY AID - $ 31,467.19$ 31,467.19$ 31,467.19$ 31,467.19$ STEWARDSHIP GRANT-COUNTY 1,800.00$ - $ - $ FEDERAL GRANTS / Fire Truck - $ 298,343.67 $ 400,029.55$ - $ UTILITY DEPT. TAX EQUIVALENT 108,000.00$ 108,000.00$ - $ 108,000.00$ 108,000.00$ LAW ENFORCEMENT STATE AIDS 2,500.00$ 1,000.00$ - $ 720.00$ 720.00$ TOTAL INTERGOVERNMENTAL REVENUES 467,401.33$ 505,135.94$ 508,784.69$ 904,846.20$ 529,590.40$ LICENSES AND PERMITS MOBILE HOME TAX 6,800.00 $ 8,200.00$ 6,807.92$ 7,895.28$ 8,200.00$ CABLE FRANCHISE FEE 8,745.00 $ 7,008.00$ 5,285.01$ 6,972.47$ 7,008.00$ BUS. & OCCUPATIONAL FEES 7,575.00$ 5,970.00$ 10,715.00$ 10,715.00$ 7,595.00$ LIQUOR LICENSES 5,640.00 $ 5,090.00$ 4,520.00$ 4,520.00$ 4,520.00$ LICENSES PUBLICATION FEE 180.00 $ 200.00$ 180.00$ 180.00$ 180.00$ DOG LICENSES 450.00 $ 450.00$ 342.00$ 442.00$ 731.00$ BUILDING PERMITS 7,500.00 $ 5,000.00$ 1,650.00$ 2,500.00$ 3,000.00$ UTILITY PERMITS 600.00 $ 950.00$ 1,050.00$ 800.00$ SIGN PERMITS 800.00 $ 1,150.00$ 1,350.00$ 1,000.00$ TOTAL LICENSES & PERMITS 36,890.00$ 33,318.00$ 31,599.93$ 35,624.75$ 33,034.00$ LAW & ORDINANCE VIOLATIONS 7,000.00$ 7,000.00$ 5,548.26$ 6,356.84$ 6,000.00$ PARKING VIOLATIONS 1,000.00 $ 800.00$ 1,458.80$ 1,500.00$ 1,500.00$ FINES AND FORFEITURES 8,000.00 $ 7,800.00$ 7,007.06$ 7,856.84$ 7,500.00$ PUBLIC CHARGES FOR SERVICES CLERK'S SERVICE INCOME 1,500.00 $ 1,900.00$ 1,470.00$ 1,970.00$ 1,750.00$ POLICE SERVICE INCOME 3,500.00 $ 1,000.00$ 834.60$ 1,000.00$ 1,000.00$ CHARGES - GARBAGE STICKERS 750.00$ 750.00$ 431.83$ 431.83$ 750.00$ CHARGES - RECYCLING FEES 1,500.00$ 1,500.00$ 600.00$ 1,000.00$ 1,500.00$ STREETS MAT. & SERVICES INCOME 2,750.00$ 1,500.00$ 979.44$ 990.00$ 1,500.00$ PARKS REVENUE 500.00 $ 500.00$ 560.00$ 560.00$ 30,218.98$ SAFETY FUND INCOME - DARE 1,500.00 $ 1,500.00$ 1,500.00$ TOTAL PUBLIC CHARGES FOR SERVICES 10,500.00$ 7,150.00$ 6,375.87$ 7,451.83$ 38,218.98$ September 28, 2025 Page 3 ADOPTED ADOPTED REVENUES AS OF PROJECTED YEAR-END PROPOSED REVENUES 2024 BUDGET 2025 BUDGET 9/28/2025 2025 REVENUES 2026 BUDGET INTERGOVERNMENTAL CHARGES FIRE CALLS - $ - $ FIRE INS. DUES 14,511.17 $ 17,327.05$ 19,709.08$ 19,709.08$ 19,709.08$ FIRE SECTION FEES 109,217.41 $ 113,202.78$ 113,202.78$ 113,202.78$ 112,566.98$ FIRST RESPONDER SECTION CHARGES 12,008.71$ 8,954.48$ 9,256.80$ 9,256.80$ 16,036.78$ TOTAL INTERGOVERNMENTAL CHARGES 135,737.29$ 139,484.31$ 142,168.66$ 142,168.66$ 148,312.84$ MISCELLANEOUS REVENUE OTHER INCOME - F.D. - $ 6,095.02 $ 6,095.02$ - $ DIVIDENDS & INTEREST 7,500.00 $ 39,000.00$ 73,292.34$ 98,000.00$ 68,400.00$ RENTAL REVENUE 41,117.00 $ 35,096.00$ 23,812.72$ 35,096.00$ 37,320.00$ LIBRARY REVENUE 9,500.00 $ 10,000.00$ 6,650.23$ 9,100.00$ 10,000.00$ PARK SPONSORSHIP & DONATIONS - $ 5,500.00$ 7,000.00$ 7,000.00$ 1,500.00$ DONATIONS - PD - $ 1,614.15 $ 1,614.15$ - $ DONATIONS - ADMIN - $ 1,000.00$ - $ 1,000.00$ MISC. RECEIPTS & REIMBURSEMENTS 2,500.00$ 1,500.00$ 1,301.00$ 1,301.00$ 3,000.00$ SALES OF GOODS & PROPERTY 6,500.00$ 8,000.00$ 3,500.00$ 3,500.00$ 10,000.00$ Other MISC Rev 1,000.00 $ 500.00$ 4,029.10$ 3,500.00$ 500.00$ TOTAL MISCELLANEOUS REVENUE 68,117.00$ 100,596.00$ 127,294.56$ 165,206.17$ 131,720.00$ PROCEEDS FROM DEBT PROCEEDS FROM DEBT 310,000.00 $ - $ 12,561.50$ 12,561.50$ - $ PROCEEDS FROM DEBT - FD - $ -$ TOTAL DEBT REVENUES 310,000.00$ -$ 12,561.50$ 12,561.50$ -$ SUB-TOTAL 2,063,535.62$ 1,827,513.13$ 1,529,891.01$ 2,311,083.81$ 1,943,132.84$ PROCEEDS FROM FUND BALANCE -$ -$ -$ -$ -$ TOTAL REVENUES 2,063,535.62 $ 1,827,513.13$ 1,529,891.01$ 2,311,083.81$ 1,943,132.84$ September 28, 2025 Page 4 ADOPTED ADOPTED Expenses as of PROJECTED YEAR-END PROPOSED EXPENDITURES 2024 BUDGET 2025 BUDGET 9/28/2025 2025 2026 BUDGET GENERAL GOVERNMENT BOARD SALARIES & EXPENSE 11,900.00$ 14,360.00$ 8,031.36$ 9,415.00$ 12,408.75$ ADMIN STAFF WAGES & SALARIES 50,482.68$ 77,637.59$ 68,969.45$ 79,793.75$ 87,987.80$ ADMIN STAFF BENEFITS 28,617.26 $ 32,745.96$ 31,962.28$ 39,521.13$ 40,400.60$ PUBLICATIONS & DUES 2,400.00 $ 3,100.00$ 1,736.39$ 2,804.00$ 3,100.00$ OFFICE SUPPLIES & SERVICES 32,768.00$ 31,751.30$ 22,776.94$ 29,543.51$ 33,650.00$ VILLAGE HALL MAINTENANCE 4,000.00$ 3,400.00$ 2,736.06$ 3,158.21$ 3,400.00$ ELECTIONS 4,084.00 $ 2,834.00$ 2,310.64$ 2,555.56$ 2,932.68$ LEGAL & PROFESSIONAL SERVICES 63,275.00$ 90,866.15$ 58,359.43$ 89,992.95$ 58,700.00$ AUDIT - $ VILLAGE HALL UTILITIES 6,900.00 $ 9,700.00$ 6,184.62$ 8,141.11$ 10,700.00$ ASSESSMENT OF PROPERTY - $ - $ - $ MOBILE HOME TAX $ 3,250.00 $ 3,250.00 738.06 $ 2,000.00$ $ 3,000.00 $ 3,000.00 INSURANCE AND BONDS 15,000.00 $ 24,000.00$ 22,323.78$ 24,856.00$ 21,485.00$ TOTAL GENERAL GOVERNMENT 222,676.94$ 293,645.00$ 226,129.01$ 291,781.22$ 277,764.83$ PUBLIC SAFETY EMPLOYEE WAGES & SALARIES 204,626.57$ 213,150.78$ 161,258.30$ 213,150.78$ 232,009.18$ EMPLOYEE BENEFITS 92,448.51 $ 102,533.01$ 75,513.76$ 98,150.29$ 100,090.11$ LEGAL FEES 3,000.00 $ 2,000.00$ 1,896.54$ 2,100.00$ 3,000.00$ OPERATIONS 53,874.00 $ 48,579.00$ 25,961.74$ 44,378.86$ 48,623.00$ INSURANCE AND BONDS 10,350.00 $ 12,300.00$ 9,938.93$ 10,595.00$ 8,448.00$ IT SW, HW, SUPPORT 12,497.92 $ 16,100.00$ 16,349.55$ 18,877.14$ 20,139.00$ CROSSING GUARDS 6,297.53 $ 7,836.92$ 4,910.52$ 7,836.92$ 8,111.21$ SUBTOTAL - POLICE DEPT. 383,094.53$ 402,499.71$ 295,829.34$ 395,088.99$ 420,420.50$ FIRE DEPT. OPERATIONS 124,478.96 $ 131,878.96$ 82,361.51$ 135,993.05$ 148,366.46$ FIRST RESPONDER OPERATIONS 42,872.95$ 42,872.95$ 26,679.45$ 40,413.87$ 43,833.87$ INSURANCE AND BONDS 16,000.00 $ 16,000.00$ 12,084.57$ 15,344.63$ 16,000.00$ AMBULANCE SERVICE 8,200.00 $ 8,200.00$ 10,913.00$ 10,913.00$ 10,913.00$ HYDRANT RENTAL 73,230.00 $ 73,230.00$ - $ 73,230.00$ 73,230.00$ SUBTOTAL - FIRE DEPT. 264,781.91$ 272,181.91$ 132,038.53$ 275,894.55$ 292,343.33$ TOTAL PUBLIC SAFETY 647,876.44$ 674,681.62$ 427,867.87$ 670,983.54$ 712,763.83$ September 28, 2025 Page 5 ADOPTED ADOPTED Expenses as of PROJECTED YEAR-END PROPOSED 2024 BUDGET 2025 BUDGET 9/28/2025 2025 2026 BUDGET PUBLIC WORKS EMPLOYEE WAGES & SALARIES 123,373.61$ 108,675.45$ 78,930.27$ 99,264.91$ 116,336.91$ EMPLOYEE BENEFITS 51,843.20 $ 44,520.58$ 36,091.98$ 51,934.22$ 53,607.48$ GARAGE UTILITIES 6,200.00 $ 8,432.00$ 6,476.69$ 8,708.35$ 9,292.00$ VEHICLES OPERATION & MAINTENANCE 20,500.00$ 20,500.00$ 16,367.38$ 20,000.00$ 20,500.00$ GARAGE OPERATION & MAINTENANCE 28,490.00$ 28,490.00$ 25,808.00$ 34,158.11$ 28,490.00$ CAPITAL EXPENSE - EQUIPMENT INSURANCE AND BONDS 13,500.00 $ 16,200.00$ 12,810.83$ 15,373.00$ 9,193.00$ STREET MAINTENANCE 390,000.00 $ 60,000.00$ 156,527.20$ 240,048.81$ - $ STREET LIGHTING 40,000.00 $ 40,000.00$ 22,306.09$ 29,806.09$ 40,000.00$ TRAFFIC CONTROL 1,000.00 $ 2,000.00$ 2,357.92$ 2,150.58$ 2,000.00$ TOTAL PUBLIC WORKS 674,906.81$ 328,818.03$ 357,676.36$ 501,444.07$ 279,419.39$ HEALTH & HUMAN SERVICES REFUSE COLLECTION $ 62,247.36 $ 69,732.12 42,984.95$ 69,732.12$ $ 73,420.02 RECYCLING $ 34,965.60 $ 37,055.52 16,826.07 $ 37,055.52$ $ 36,241.92 RECYCLING SUPPLIES $ 300.00 $ 300.00 97.02 $ 97.02$ $ 100.00 SUBTOTAL - SANITATION 97,512.96$ 107,087.64$ 59,908.04$ 106,884.66$ 109,761.94$ CEMETERY - $ -$ - $ TOTAL HEALTH & HUMAN SERVICES 97,512.96$ 107,087.64$ 59,908.04$ 106,884.66$ 109,761.94$ PARKS, CULTURE & EDUCATION LIBRARY WAGES & OPERATION & MAINTENANCE4,400.00$ 6,014.20$ 3,719.78$ 4,859.22$ 6,119.70$ LIBRARY EMPLOYEE BENEFITS - $ LIBRARY UTILITIES 6,100.00 $ 6,100.00$ 3,853.53$ 5,172.25$ 6,000.00$ PARKS EMPLOYEE WAGES & BENEFITS -$ 29,145.63$ 28,042.02$ 31,164.52$ 33,539.58$ PARKS UTILITIES 2,500.00 $ 4,500.00$ 5,464.49$ 9,219.75$ 10,424.59$ PARK OPERATION & MAINTENANCE 5,000.00$ 6,000.00$ 3,257.66$ 6,232.95$ 10,400.00$ PARKS INSURANCE & BONDS 625.00 $ 625.00$ - $ -$ -$ SPECIAL EVENTS 1,000.00 $ 1,000.00$ 140.36$ 400.00$ 1,000.00$ TOTAL PARKS, CULTURE & EDUCATION 19,625.00$ 53,384.83$ 44,477.84$ 57,048.69$ 67,483.87$ CONSERVATION & DEVELOPMENT PLANNING & ZONING PROF. SERVICES 6,500.00$ 1,000.00$ 3,357.00$ 3,357.00$ 3,000.00$ ECONOMIC DEVELOPMENT - $ -$ $ - - $ TOTAL CONSERVATION & DEVELOPMENT 6,500.00$ 1,000.00$ 3,357.00$ 3,357.00$ 3,000.00$ September 28, 2025 Page 6 ADOPTED ADOPTED Expenses as of PROJECTED YEAR-END PROPOSED 2024 BUDGET 2025 BUDGET 9/28/2025 2025 2026 BUDGET MISCELLANEOUS RENTAL PROPERTY MAINTENANCE $ 2,000.00 $ 2,000.00 2,918.32$ 3,500.00$ $ 2,000.00 $ 2,000.00 MICSELLANEOUS 1,000.00 $ - $ -$ - $ TOTAL MISCELLANEOUS 3,000.00$ -$ 2,918.32$ 3,500.00$ 2,000.00$ CAPITAL OUTLAY Fire Departmetn Capital Outlay - $ -$ - $ Streets Department Capital Outlay - $ -$ 120,000.00 $ Parks / LIB Capital Outlay - $ 45,960.72$ 45,960.72$ - $ PD Capital Outlay - $ -$ - $ ADMIN - Capital Outlay - $ 22,035.17$ 24,478.50$ - $ -$ -$ - $ -$ - $ -$ -$ - $ Land Acquisition - $ -$ - $ TOTAL CAPITAL OUTLAY -$ -$ 67,995.89$ 70,439.22$ 120,000.00$ DEBT SERVICE ADMIN - DEBT SERVICE 272,222.88 $ 316,861.43$ 219,894.60$ 529,317.46$ 316,157.65$ FD - DEBT SERVICE 72,000.00 $ 48,822.00$ 28,479.50$ 44,753.50$ 40,901.39$ TOTAL DEBT SERVICE $ 344,222.88 $ 365,683.43 $ 248,374.10 $ 574,070.96 $ 357,059.04 $ 357,059.04 EXPENDITURE SUMMARY GENERAL GOVERNMENT 222,676.94 $ 293,645.00$ 226,129.01$ 291,781.22$ 277,764.83$ PUBLIC SAFETY 647,876.44 $ 674,681.61$ 427,867.87$ 670,983.54$ 712,763.83$ PUBLIC WORKS 674,906.81 $ 328,818.03$ 357,676.36$ 501,444.07$ 279,419.39$ HEALTH & HUMAN SERVICES 97,512.96$ 107,087.64$ 59,908.04$ 106,884.66$ 109,761.94$ PARKS, CULTURE & EDUCATION 19,625.00$ 53,384.83$ 44,477.84$ 57,048.69$ 67,483.87$ CONSERVATION & DEVELOPMENT 6,500.00$ 1,000.00$ 3,357.00$ 3,357.00$ 3,000.00$ MISCELLANEOUS 3,000.00 $ 2,000.00$ 2,918.32$ 3,500.00$ 2,000.00$ SUBTOTAL OPERATIONS 1,672,098.15$ 1,460,617.11$ 1,122,334.44$ 1,634,999.18$ 1,452,193.86$ DEBT SERVICE 344,222.88 $ 365,683.43$ 248,374.10$ 574,070.96$ 357,059.04$ CAPITAL OUTLAY - $ -$ 67,995.89$ 70,439.22$ 120,000.00$ SUB-TOTAL OPERATIONS 2,016,321.03$ 1,826,300.54$ 1,438,704.43$ 2,279,509.36$ 1,929,252.90$ PROCEEDS TO FUND BALANCE 47,214.59$ 1,212.59$ 91,186.58$ 31,574.45$ 13,879.95$ TOTAL EXPENDITURES $ 2,063,535.62 $ 1,827,513.13 $ 1,529,891.01 $ 2,311,083.81 $ 1,943,132.84 $ 1,943,132.84 9/23/2025 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ADOPTED As Of 9/19/2025PROJECTED PROPOSED REVENUES 2020 2021 REVENUES2022 REVENUES2023 REVENUES2024 REVENUES2025 REVENUES2025 REVENUESYear End 20252026 REVENUES WASTE WATER Sales - Residential 207,638.47$ 218,870.07$ 256,985.69$ 291,473.49$ 387,104.89$ 404,947.79$ 300,972.99$ 403,066.54$ 443,463.96$ Sales - Commercial 102,793.40$ 148,161.86$ 138,398.87$ 153,298.37$ 224,228.89$ 231,225.23$ 121,988.50$ 157,158.17$ 130,110.48$ Sales - Industrial 111,653.56$ 96,443.16$ 158,652.85$ 179,432.65$ 178,488.16$ 198,839.94$ 132,053.75$ 187,041.23$ 203,201.93$ Sales - Multifamily 11,964.56$ 12,923.13$ 15,839.52$ 18,042.50$ 23,161.24$ 27,594.09$ 45,509.89$ 65,426.85$ 68,104.68$ Sales - Public Auth. 18,053.33$ 22,639.58$ 33,238.17$ 39,097.85$ 46,203.78$ 49,642.68$ 30,841.90$ 41,449.63$ 54,096.43$ Other Sewer Revs. 2,059.52$ 7,488.06$ 279,178.63$ 664,831.95$ 133,620.69$ 3,500.00$ 13,005.23$ 10,526.72$ 12,956.24$ Subtotal - Sewer 454,162.84$ 506,525.86$ 882,293.73$ 1,346,176.81$ 992,807.65$ 915,749.73$ 644,372.26$ 864,669.14$ 911,933.73$ WATER - Sales - Residential 156,253.97$ 152,639.37$ 151,940.89$ 151,910.99$ 146,763.63$ 152,679.34$ 109,910.77$ 147,283.17$ 157,613.82$ Sales - Commercial 67,936.12$ 58,685.49$ 65,592.64$ 58,464.96$ 71,742.27$ 62,326.04$ 38,479.12$ 54,726.53$ 33,876.96$ Sales - Industrial 71,345.77$ 74,030.68$ 87,497.70$ 100,407.14$ 97,833.17$ 104,533.35$ 56,357.28$ 75,988.70$ 111,033.31$ Sales - Pump House 2,636.06$ 5,922.57$ 14,470.60$ 6,359.38$ 5,593.64$ 6,303.31$ 3,909.19$ 5,261.67$ 6,961.71$ Sales - Public Auth. 18,286.91$ 33,640.14$ 44,598.13$ 21,812.52$ 18,554.24$ 18,408.02$ 15,222.72$ 19,457.04$ 19,040.24$ Sales -Multifamily 8,815.84$ 8,709.40$ 8,832.16$ 8,960.96$ 8,705.99$ 8,759.96$ 14,402.02$ 20,559.37$ 21,543.31$ Fire Protection 168,224.21$ 152,235.84$ 145,991.17$ 174,308.03$ 176,520.83$ 170,130.00$ 77,726.68$ 176,865.57$ 170,130.00$ Other Water Revs. 545.16$ 6,168.56$ 2,699.18$ 3,458.82$ 11,935.68$ 1,850.00$ 42,510.68$ 48,790.07$ 1,850.00$ Subtotal - Water 494,044.04$ 492,032.05$ 521,622.47$ 525,682.80$ 537,649.45$ 524,990.02$ 358,518.46$ 548,932.12$ 522,049.35$ Subtotal Rev 948,206.88$ 998,557.91$ 1,403,916.20$ 1,871,859.61$ 1,530,457.10$ 1,440,739.75$ 1,002,890.72$ 1,413,601.26$ 1,433,983.07$ Proceeds from Borrowing -$ 442,300.00$ -$ 5,587,247.56$ -$ 150,000.00$ -$ -$ -$ Proceeds From Fund Bal -$ -$ -$ -$ -$ -$ (29,210.12)$ 45,468.29$ (8,947.71)$ -$ TOTAL REVENUES 948,206.88$ 1,440,857.91$ 1,403,916.20$ 7,459,107.17$ 1,530,457.10$ 1,590,739.75$ 973,680.60$ 1,459,069.55$ 1,425,035.37$ VILLAGE OF MARATHON CITY 2026 PROPOSED BUDGET - 5.5% Waste Water Rate Change WATER & WASTE WATER UTILITY Prepared by Steven Cherek 9/29/2025 Page 1 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ADOPTED As Of 9/19/2025PROJECTED PROPOSED EXPENDITURES 2020 2021 Expenses2022 EXPENSES2023 EXPENSES2024 EXPENSES2025 EXPENSES2025 EXPENSESYear End 20252026 REVENUES WASTE WATER Board Salaries & Expense 1,550.00$ 1,300.00$ 1,300.00$ 1,375.00$ 1,225.00$ 1,746.88$ 574.00$ 843.15$ 1,746.88$ Employee Wages & Salaries122,149.63$ 133,782.64$ 129,033.16$ 134,521.91$ 122,991.66$ 150,991.28$ 94,180.50$ 150,814.38$ 160,825.04$ Employee Benefits 25,933.66$ 18,498.52$ 21,241.86$ 49,943.04$ 45,353.04$ 51,743.33$ 35,031.04$ 49,034.37$ 50,499.93$ Maintenance & Operations 121,314.87$ 118,689.78$ 125,783.71$ 136,571.11$ 122,441.19$ 132,950.00$ 92,161.67$ 113,406.38$ 126,563.00$ Admin. & Insurance Expense106,408.56$ 37,504.21$ 53,217.16$ 22,223.08$ 38,730.83$ 37,675.00$ 48,026.42$ 53,274.45$ 40,435.00$ Debt Service -$ 6,926.30$ 13,508.92$ 99,712.44$ 163,479.05$ 554,591.48$ 471,198.28$ 551,882.60$ 582,077.61$ Capital Improvements -$ -$ -$ 5,387,691.83$ 13,229.98$ -$ -$ -$ -$ Subtotal - Sewer 377,356.72$ 316,701.45$ 344,084.81$ 5,832,038.41$ 507,450.75$ 929,697.97$ 741,171.91$ 919,255.33$ 962,147.46$ WATER - Board Salaries & Expense -$ -$ -$ -$ 503.68$ 1,746.88$ 618.93$ 888.12$ 1,746.88$ Employee Wages & Salaries 78,920.07$ 78,650.93$ 83,573.33$ 90,037.22$ 98,670.85$ 106,175.41$ 68,299.62$ 110,085.38$ 133,568.95$ Employee Benefits 48,307.58$ 42,492.21$ 49,746.87$ 47,670.21$ 42,995.88$ 40,249.11$ 31,009.66$ 40,276.97$ 48,624.50$ Plant Maint. & Ops. 67,278.06$ 72,262.89$ 75,193.69$ 94,482.52$ 86,762.13$ 78,400.00$ 56,946.43$ 77,978.12$ 78,300.00$ Distribution Maint. & Ops. 37,005.99$ 121,538.87$ 61,183.70$ 28,099.28$ 16,716.42$ 41,000.00$ 38,977.72$ 47,477.72$ 41,000.00$ Admin. & Insurance Expense 61,030.37$ 26,597.52$ 38,349.10$ 22,377.10$ 215,415.00$ 33,850.00$ 28,744.46$ 12,915.26$ 29,513.00$ Debt Service -$ -$ -$ 37,964.53$ -$ 71,394.12$ 41,646.57$ 71,394.11$ 40,030.00$ Tax Expense 106,229.00$ 104,977.00$ 97,288.00$ 108,000.00$ 100,375.00$ 108,000.00$ -$ 108,000.00$ 108,000.00$ Capital Improvements -$ 99,500.00$ -$ 339,318.15$ 2,304.84$ 170,000.00$ 24,685.54$ 70,798.54$ -$ Subtotal - Water 398,771.07$ 546,019.42$ 405,334.69$ 767,949.01$ 563,743.80$ 650,815.52$ 290,928.93$ 539,814.22$ 480,783.32$ Subtotal Expenditures 776,127.79$ 862,720.87$ 749,419.50$ 6,599,987.42$ 1,071,194.55$ 1,580,513.49$ 1,032,100.84$ 1,459,069.55$ 1,442,930.78$ PROCEEDS to FUND BAL 172,079.09$ 578,137.04$ 654,496.70$ 859,119.75$ 459,262.56$ 10,226.26$ -$ -$ -$ TOTAL EXPENDITURES 948,206.88$ 1,440,857.91$ 1,403,916.20$ 7,459,107.17$ 1,530,457.10$ 1,590,739.75$ 1,032,100.84$ 1,459,069.55$ 1,442,930.78$ Prepared by Steven Cherek 9/29/2025 Page 2 VILLAGE OF MARATHON CITY 9/29/2025 2026 WATER DEPARTMENT BUDGET ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL Adopted As Of 9/19/2025 Projected PROPOSED REVENUES 2020 REVENUES 2021 REVENUES 2022 REVENUES2022 REVENUES2024 REVENUES2025 Budget 2025 REVENUES2025 Year End2026 BUDGET WATER SALES 493,499 $ 485,863.49$ 518,923.29$ 522,223.98$ 525,713.77$ 523,140.02$ 316,007.78$ 500,142.05$ 520,199.35$ OTHER WATER REVENUE 545$ 6,168.56$ 2,699.18$ 3,458.82$ 11,935.68$ 1,850.00$ 42,510.68$ 48,790.07$ 1,850.00$ PROCEEDS FROM BORROWING 46,551 -$ 357,000.00$ -$ 150,000.00$ -$ -$ -$ 5,344 -$ -$ 1.00$ -$ TOTAL REVENUE 545,939$ 492,032.05$ 521,622.47$ 882,682.80$ 537,650.45$ 674,990.02$ 358,518.46$ 548,932.12$ 522,049.35$ ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL Adopted As Of 9/19/2025 Projected PROPOSED EXPENDITURES 2020 EXPENSE 2021 EXPENSES 2022 EXPENSES2023 EXPENSES2024 EXPENSES2025 Budget 2025 EXPENSES2025 Year End2026 BUDGET BOARD WAGES & EXPENSE - $ -$ -$ -$ 503.68$ 1,746.88$ 618.93$ 888.12$ 1,746.88$ WAGES 78,920 78,650.93$ 83,573.33$ 90,037.22$ 98,670.85$ 106,175.41$ 68,299.62$ 110,085.38$ 133,568.95$ BENEFITS 48,308 42,492.21$ 49,746.87$ 47,670.21$ 42,995.88$ 40,249.11$ 31,009.66$ 40,276.97$ 48,624.50$ PLANT MAINTENANCE & OPS 67,278 72,262.89$ 75,193.69$ 94,482.52$ 86,762.13$ 78,400.00$ 56,946.43$ 77,978.12$ 78,300.00$ DISTRIBUTION MAINTENANCE & OPS 37,006 121,538.87$ 61,183.70$ 28,099.28$ 16,716.42$ 41,000.00$ 38,977.72$ 47,477.72$ 41,000.00$ DEBT - -$ -$ 37,964.53$ -$ 71,394.12$ 41,646.57$ 71,394.11$ 40,030.00$ ADMINISTRATIVE COSTS 61,030 26,597.52$ 38,349.10$ 22,377.10$ 215,415.00$ 33,850.00$ 28,744.46$ 12,915.26$ 29,513.00$ TAX EQUIVALENT 106,229 104,977.00$ 97,288.00$ 108,000.00$ 100,375.00$ 108,000.00$ -$ 108,000.00$ 108,000.00$ CAPITAL EXPENSE - 99,500.00$ -$ 339,318.15$ 2,304.84$ 170,000.00$ 24,685.54$ 70,798.54$ -$ - -$ -$ -$ TOTAL EXPENDITURES 398,771$ 546,019.42$ 405,334.69$ 767,949.01$ 563,743.80$ 650,815.52$ 290,928.93$ 539,814.22$ 480,783.32$ TO (FROM) RESERVE 147,168$ (53,987.37)$ 116,287.78$ 114,733.79$ (26,093.35)$ 24,174.50$ 67,589.53$ 9,117.90$ 41,266.03$ WATER BUDGET SUMMARY 2026 WATER DEPARTMENT BUDGET VILLAGE OF MARATHON CITY 09/29/25 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL Adopted As Of 9/19/2025 Projected PROPOSED REVENUES 2020 REVENUES 2021 REVENUES 2022 REVENUES2022 REVENUES2024 REVENUES2025 Budget 2025 REVENUES2025 Year End2026 BUDGET 200-00-46411-000-450 Sales - Residential 156,253.97$ 152,639.37$ 151,940.89$ 151,910.99$ 146,763.63$ 152,679.34$ 109,910.77$ 147,283.17$ 157,613.82$ 200-00-46411-000-451 Sales - Commercial 67,936.12$ 58,685.49$ 65,592.64$ 58,464.96$ 71,742.27$ 62,326.04$ 38,479.12$ 54,726.53$ 33,876.96$ 200-00-46411-000-452 Sales - Industrial 71,345.77$ 74,030.68$ 87,497.70$ 100,407.14$ 97,833.17$ 104,533.35$ 56,357.28$ 75,988.70$ 111,033.31$ 200-00-46411-000-453 Sales - Pump House 2,636.06$ 5,922.57$ 14,470.60$ 6,359.38$ 5,593.64$ 6,303.31$ 3,909.19$ 5,261.67$ 6,961.71$ 200-00-46411-000-454 Sales - Public Auth. 18,286.91$ 33,640.14$ 44,598.13$ 21,812.52$ 18,554.24$ 18,408.02$ 15,222.72$ 19,457.04$ 19,040.24$ 200-00-46411-000-455 Sales Multifamily 8,815.84$ 8,709.40$ 8,832.16$ 8,960.96$ 8,705.99$ 8,759.96$ 14,402.02$ 20,559.37$ 21,543.31$ 200-00-46411-000-462 Fire Protection 146,720.21$ 130,731.84$ 124,487.17$ 150,638.03$ 152,736.83$ 146,460.00$ 59,888.68$ 153,081.57$ 146,460.00$ 200-00-46411-000-463 Priv Fire Prot 21,504.00$ 21,504.00$ 21,504.00$ 23,670.00$ 23,784.00$ 23,670.00$ 17,838.00$ 23,784.00$ 23,670.00$ SUBTOTAL WATER SALES 493,498.88$ 485,863.49$ 518,923.29$ 522,223.98$ 525,713.77$ 523,140.02$ 316,007.78$ 500,142.05$ 520,199.35$ 200-00-46420-000-415 Jobbing 200-00-46412-000-419 Interest Income 934.93$ -$ -$ -$ -$ 200-00-46412-000-470 Cust. Penalties 545.16$ 817.56$ -$ 1,114.38$ 1,021.15$ 850.00$ 853.17$ 1,137.56$ 850.00$ 200-00-46412-000-632 Serv Laterals -$ 200-00-46412-000-635 MISC -$ 5,351.00$ 1,764.25$ 2,344.44$ 10,914.53$ 1,000.00$ 41,657.51$ 47,652.51$ 1,000.00$ 200-00-49110-000-000 DEBT PROCEEDS 357,000.00$ -$ 150,000.00$ -$ -$ SUBTOTAL - OTHER WATER REV 545.16$ 6,168.56$ 2,699.18$ 360,458.82$ 11,935.68$ 151,850.00$ 42,510.68$ 48,790.07$ 1,850.00$ TOTAL WATER REVENUES 494,044.04$ 492,032.05$ 521,622.47$ 882,682.80$ 537,649.45$ 674,990.02$ 358,518.46$ 548,932.12$ 522,049.35$ ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL Adopted As Of 9/19/2025 Projected PROPOSED EXPENDITURES 2020 EXPENSE 2021 EXPENSES 2022 EXPENSES2023 EXPENSES2024 EXPENSES2025 Budget 2025 EXPENSES2025 Year End2026 BUDGET 200-00-57520-000-110 Board Wages -$ -$ 200-00-57520-110-001 Water U. Board Wages 475.00$ 1,625.00$ 575.00$ 825.00$ 1,625.00$ 200-00-57520-130-001 Water U. Board FICA/Medicare 28.68$ 121.88$ 43.93$ 63.12$ 121.88$ SUBTOTAL - BOARD WAGES & EXP -$ -$ -$ -$ 503.68$ 1,746.88$ 618.93$ 888.12$ 1,746.88$ 200-00-57520-000-100 DPW #3 46,550.76$ 45,923.40$ 49,863.23$ 54,586.38$ 50,963.75$ -$ 200-00-57520-000-105 FICA & Medicare 5,343.99$ 5,315.73$ 5,639.06$ 6,107.91$ 5,572.67$ -$ 200-00-57520-000-110 Administrator Wages 8,674.52$ 8,530.60$ 8,739.10$ 8,839.93$ 7,162.50$ -$ 200-00-57520-000-115 Clerical Wages 18,350.80$ 18,881.20$ 19,331.94$ 20,503.00$ 18,308.20$ -$ 200-00-57520-000-100 PT Laborer Wages -$ -$ -$ 200-00-57520-110-000 Water Dept Wages -$ 16,087.24$ 98,593.71$ 63,653.98$ 102,225.82$ 124,006.88$ 200-00-57520-130-000 Water FICA/Medicare -$ 576.49$ 7,581.70$ 4,645.64$ 7,859.56$ 9,562.07$ SUBTOTAL - WAGES 78,920.07$ 78,650.93$ 83,573.33$ 90,037.22$ 98,670.85$ 106,175.41$ 68,299.62$ 110,085.38$ 133,568.95$ 200-00-57520-135-000 Uniform 379.32$ 200.00$ 500.00$ 48.00$ 150.00$ 500.00$ 200-00-57520-140-000 Water Retirement 6,633.34$ 4,277.89$ 6,963.44$ 8,693.76$ 200-00-57520-150-000 WATER HEALTH INSURANCE 32,902.83$ 26,630.31$ 32,902.83$ 39,170.04$ 200-00-57520-160-000 Water Life Insurance 212.94$ 53.46$ 260.70$ 260.70$ 200-00-57520-000-120 Benefits 3739.22 (7,737.46)$ (7,424.86)$ 6,294.35$ 3,755.58$ -$ 200-00-57520-000-125 Benefits 44568.36 50,229.67$ 57,171.73$ 40,996.54$ 39,040.30$ SUBTOTAL - BENEFITS 48,307.58$ 42,492.21$ 49,746.87$ 47,670.21$ 42,995.88$ 40,249.11$ 31,009.66$ 40,276.97$ 48,624.50$ 200-00-57520-000-200 Plant & Operations - UTL 578.55 90.36$ 2,206.90$ 5,047.87$ 5,252.68$ 5,500.00$ 3,901.20$ 5,266.95$ 5,500.00$ 200-00-57520-000-620 Power for Pumps 28,480.99$ 25,209.51$ 27,684.55$ 28,137.75$ 24,566.00$ 25,000.00$ 21,273.31$ 28,364.44$ 29,000.00$ 200-00-57520-000-660 Transportation Exp 1,395.54$ -$ 159.93$ 3,300.38$ 71.72$ 250.00$ 135.12$ 135.12$ -$ 200-00-57520-000-700 Gasoline 2,513.70$ 2,095.16$ 2,610.96$ 1,712.81$ 2,002.20$ 1,500.00$ 1,155.49$ 1,542.49$ 1,650.00$ 200-00-57520-000-710 Office Supplies 20.52$ 23.92$ 202.80$ -$ 1,412.50$ 150.00$ 252.22$ 252.22$ 150.00$ 200-00-57520-000-800 Maint WTP 7,696.03$ 13,501.33$ 1,962.81$ 8,857.91$ 21,731.46$ 12,000.00$ 8,665.66$ 13,665.66$ 12,000.00$ 200-00-57530-000-630 Chemicals - Treatment 14,913.04$ 17,330.89$ 39,003.64$ 30,395.22$ 12,735.95$ 15,000.00$ 12,793.68$ 17,058.24$ 17,500.00$ 200-00-57530-000-640 Supplies & Exp 11,679.69$ 14,011.72$ 1,362.10$ 17,030.58$ 18,989.62$ 19,000.00$ 8,769.75$ 11,693.00$ 12,500.00$ SUBTOTAL - PLANT MAINT & OPS 67,278.06$ 72,262.89$ 75,193.69$ 94,482.52$ 86,762.13$ 78,400.00$ 56,946.43$ 77,978.12$ 78,300.00$ page 3 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL Adopted As Of 9/19/2025 Projected PROPOSED EXPENDITURES 2020 EXPENSE 2021 EXPENSES 2022 EXPENSES2023 EXPENSES2024 EXPENSES2025 Budget 2025 EXPENSES2025 Year End2026 BUDGET 200-00-57540-000-626 Main Construction 219.14 615.29$ 1,073.00$ -$ -$ -$ 200-00-57540-000-650 Maint Reservoirs 310.74 19,842.79$ 1,333.30$ 568.31$ 1.61$ 1,500.00$ -$ 1,500.00$ 1,500.00$ 200-00-57540-000-651 Maint Mains 14310.17 33,280.96$ 39,862.27$ 3,651.84$ 4,991.48$ 18,000.00$ 4,565.33$ 9,565.33$ 18,000.00$ 200-00-57540-000-652 Maint Services 11376.61 3,962.01$ 4,383.12$ 3,589.88$ 1,908.80$ 3,000.00$ 2,910.70$ 2,910.70$ 3,000.00$ 200-00-57540-000-653 Maint Meters 7271.58 12,781.75$ 13,403.28$ 11,507.94$ 5,752.73$ 12,000.00$ 6,518.95$ 6,518.95$ 12,000.00$ 200-00-57540-000-654 Maint Hydrants 2986.17 6,047.71$ 125.00$ 5,545.88$ 3,139.89$ 5,000.00$ 22,553.40$ 22,553.40$ 5,000.00$ 200-00-57540-000-655 Maint Wells 443.07 28,568.00$ 392.21$ 2,805.55$ 728.05$ 1,500.00$ 816.23$ 816.23$ 1,000.00$ 200-00-57541-000-655 Maint Wells 88.51 16,440.36$ 611.52$ 429.88$ 193.86$ -$ 1,613.11$ 3,613.11$ 500.00$ SUBTOTAL - DISTRIBUTION MAINT & OPS37,005.99$ 121,538.87$ 61,183.70$ 28,099.28$ 16,716.42$ 41,000.00$ 38,977.72$ 47,477.72$ 41,000.00$ 200-00-57580-000-426 Debt PMT Prinicpal 0.41$ 0.47$ 55,365.62$ 31,958.29$ 61,705.83$ 25,000.00$ 200-00-57580-000-427 Debt Payment Int 37,964.12$ 26,744.65$ 16,028.50$ 9,688.28$ 9,688.28$ 15,030.00$ SUBTOTAL - DEBT PAYMENTS -$ -$ -$ 37,964.53$ 71,394.12$ 41,646.57$ 71,394.11$ 40,030.00$ 200-00-57580-000-681 Supplies -$ -$ -$ -$ 200-00-57580-000-682 Outside Services 16,030.38$ 1,934.79$ 12,396.58$ 6,933.00$ 20,077.25$ 15,000.00$ 11,909.38$ 12,548.77$ 15,000.00$ 200-00-57580-000-683 Billing & Accounting 1,007.52$ 9,071.48$ 10,607.01$ 297.73$ 383.62$ 1,500.00$ 41.70$ 41.70$ 500.00$ 200-00-57580-000-684 Insurance 12,418.37$ 12,418.87$ 12,418.87$ 12,867.13$ 13,565.03$ 15,000.00$ 12,629.41$ 15,154.00$ 11,663.00$ 200-00-57580-000-688 Regulatory Exp (PSC) 537.56$ 703.29$ 467.05$ -$ -$ -$ -$ -$ 200-00-57580-000-689 Misc Exp 31,036.54$ 2,469.09$ 2,459.59$ 2,206.74$ 5,605.10$ 2,250.00$ 4,163.97$ 4,555.56$ 2,250.00$ 200-00-57580-000-690 Uncollectable A/R -$ -$ -$ -$ 200-00-57580-393-000 Blood Work - New Hire 72.50$ -$ 100.00$ -$ 100.00$ 200-00-57580-500-000 Accrued Sick Leave -$ 200-00-57595-000-403 Depreciation -$ -$ 88,505.00$ 200-00-57595-000-426 Dep On Contr Plant 87,279.00$ 200-00-59000-000-000 Interest Exp -$ SUBTOTAL - ADMIN COSTS 61,030.37$ 26,597.52$ 38,349.10$ 22,377.10$ 215,415.00$ 33,850.00$ 28,744.46$ 12,915.26$ 29,513.00$ 200-00-57595-000-408 Tax Equivalent 106,229.00$ 104,977.00$ 97,288.00$ 108,000.00$ 100,375.00$ 108,000.00$ -$ 108,000.00$ 108,000.00$ SUBTOTAL - TAX EQUIVALENT106,229.00$ 104,977.00$ 97,288.00$ 108,000.00$ 100,375.00$ 108,000.00$ -$ 108,000.00$ 108,000.00$ ACTUAL ACTUAL ACTUAL ACTUAL Adopted As Of 9/19/2025 Projected PROPOSED CAPITAL PROJECTS 200-00-56300-000-000 2020 2021 EXPENSES 2022 EXPENSES2023 EXPENSES2024 EXPENSES2025 Budget 2025 EXPENSES2025 Year End2026 BUDGET Hydrant replacement - car damage, inc paid -$ 339,318.15$ 6,037.50$ 6,037.50$ SCADA - Water Side -$ 2,304.84$ Well 1 Replacement Study including test well if needed -$ 150,000.00$ 17,320.00$ 63,433.00$ -$ Water Tower, Resivor, Inspection 20,000.00$ -$ Clear Well Bypass 99,500.00$ -$ Flouride updates -$ -$ 1,328.04$ 1,328.04$ Sensus Meter Reading Package -$ -$ Scales and Pumps in Chemical Room -$ -$ New Boilers in Water Plant -$ SUBTOTAL - CAPITAL EXPENDITURE -$ 99,500.00$ -$ 339,318.15$ 2,304.84$ 170,000.00$ 24,685.54$ 70,798.54$ -$ TOTAL EXPENDITURES 398,771.07$ 546,019.42$ 405,334.69$ 767,949.01$ 563,743.80$ 650,815.52$ 290,928.93$ 539,814.22$ 480,783.32$ TO (FROM) RESERVE (53,987.37)$ 116,287.78$ 114,733.79$ (26,094.35)$ 24,174.50$ 9,117.90$ 41,266.03$ Water Trends 1 Year - (past 4Q) 01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0002025Residential 01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0007,000,0008,000,0009,000,00010,000,0002025Industrial0500,0001,000,0001,500,0002,000,0002,500,0002025Commercial 0100,000200,000300,000400,000500,000600,000700,000800,000900,0002025Public Authority 050,000100,000150,000200,000250,000300,0002025Pump House0200,000400,000600,000800,0001,000,0001,200,0001,400,0002025Multifamily Water Trends - Past 3 Years 01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0002023 2024 2025Residential 01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0007,000,0008,000,0009,000,00010,000,0002023 2024 2025Industrial0500,0001,000,0001,500,0002,000,0002,500,0002023 2024 2025Commercial 0200,000400,000600,000800,0001,000,0001,200,0001,400,0002023 2024 2025Public Authority 0100,000200,000300,000400,000500,000600,000700,0002023 2024 2025Pump House0200,000400,000600,000800,0001,000,0001,200,0001,400,0002023 2024 2025Multifamily Water Trends - Since 2020 01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0002020 2021 2022 2023 2024 2025Residential 01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0007,000,0008,000,0009,000,00010,000,0002020 2021 2022 2023 2024 2025Industrial0500,0001,000,0001,500,0002,000,0002,500,0002020 2021 2022 2023 2024 2025Commercial 0200,000400,000600,000800,0001,000,0001,200,0001,400,0002020 2021 2022 2023 2024 2025Public Authority 0100,000200,000300,000400,000500,000600,000700,000800,0002020 2021 2022 2023 2024 2025Pump House0200,000400,000600,000800,0001,000,0001,200,0001,400,0002025Multifamily 9/29/2025 PROPOSED - 5.5% Rate Increase 2026 WASTE WATER DEPARTMENT BUDGET ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ADOPTED As Of 9/19/2025 PROJECTED PROPOSED REVENUES 2020 REVENUES2021 REVENUES2022 EXPENSES2023 EXPENSES2024 EXPENSES2025 REVENUES2025 REVENUESYear End 20252026 REVENUES SANITARY SALES 452,103 $ 499,037.80$ 603,115.10$ 681,344.86$ 859,186.96$ 912,249.73$ 631,367.03$ 854,142.42$ 898,977.49$ OTHER REVENUE 2,060$ 7,488.06$ 279,178.63$ 664,831.95$ 133,620.69$ 3,500.00$ 13,005.23$ 10,526.72$ 12,956.24$ PROCEEDS FROM BORROWING 442,300.00$ -$ 5,230,247.56$ -$ -$ -$ -$ -$ -$ TOTAL REVENUE 454,163$ 948,825.86$ 882,293.73$ 6,576,424.37$ 992,807.65$ 915,749.73$ 644,372.26$ 864,669.14$ 911,933.73$ ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ADOPTED As Of 9/19/2025 PROJECTED PROPOSED EXPENDITURES 2020 Expenses 2021 Expenses 2022 EXPENSES2023 EXPENSES2024 EXPENSES2025 EXPENSES2025 EXPENSESYear End 20252026 EXPENSES BOARD WAGES & EXPENSE 1,550 $ 1,300.00$ 1,300.00$ 1,375.00$ 1,225.00$ 1,746.88$ 574.00$ 843.15$ 1,746.88$ WAGES 122,150 133,782.64$ 129,033.16$ 134,521.91$ 122,991.66$ 150,991.28$ 94,180.50$ 150,814.38$ 160,825.04$ BENEFITS 25,934 18,498.52$ 21,241.86$ 49,943.04$ 45,353.04$ 51,743.33$ 35,031.04$ 49,034.37$ 50,499.93$ PLANT MAINTENANCE & OPS 121,315 118,689.78$ 125,783.71$ 136,571.11$ 122,441.19$ 132,950.00$ 92,161.67$ 113,406.38$ 126,563.00$ DEBT - 6,926.30$ 13,508.92$ 99,712.44$ 163,479.05$ 554,591.48$ 471,198.28$ 551,882.60$ 582,077.61$ ADMINISTRATIVE COSTS 106,409 37,504.21$ 53,217.16$ 22,223.08$ 38,730.83$ 37,675.00$ 48,026.42$ 53,274.45$ 40,435.00$ CAPITAL EXPENSE - -$ -$ 5,387,691.83$ 13,229.98$ -$ -$ -$ -$ TOTAL EXPENDITURES 377,357$ 316,701.45$ 344,084.81$ 5,832,038.41$ 507,450.75$ 929,697.97$ 741,171.91$ 919,255.33$ 962,147.46$ TO (FROM) RESERVE 76,806$ 632,124$ 538,209$ 744,386$ 485,357$ (13,948)$ (96,800)$ (54,586)$ (50,214)$ WASTE WATER BUDGET SUMMARY 2026 WASTE WATER BUDGET VILLAGE OF MARATHON CITY 09/29/25 PROPOSED - 5.5% Rate Increase ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ADOPTED As Of 9/19/2025 PROJECTED PROPOSED REVENUES 2020 REVENUES2021 REVENUES2022 REVENUES2023 REVENUES2024 REVENUES2025 REVENUES2025 REVENUESYear End 20252026 REVENUES 200-00-46410-000-450 Sales - Residential $207,638.47 $218,870.07 $256,985.69 $291,473.49 $387,104.89 $404,947.79 $300,972.99 $403,066.54 $443,463.96 200-00-46410-000-451 Sales - Commercial $102,793.40 $148,161.86 $138,398.87 $153,298.37 $224,228.89 $231,225.23 $121,988.50 $157,158.17 $130,110.48 200-00-46410-000-452 Sales - Industrial $111,653.56 $96,443.16 $158,652.85 $179,432.65 $178,488.16 $198,839.94 $132,053.75 $187,041.23 $203,201.93 200-00-46410-000-453 Sales - Multifamily $11,964.56 $12,923.13 $15,839.52 $18,042.50 $23,161.24 $27,594.09 $45,509.89 $65,426.85 $68,104.68 200-00-46410-000-454 Sales - Public Auth. $18,053.33 $22,639.58 $33,238.17 $39,097.85 $46,203.78 $49,642.68 $30,841.90 $41,449.63 $54,096.43 200-00-46410-000-510 Other Revenues $0.00 $0.00 $0.00 $0.00 SUBTOTAL WATER SALES $452,103.32 $499,037.80 $603,115.10 $681,344.86 $859,186.96 $912,249.73 $631,367.03 $854,142.42 $898,977.49 200-00-46410-000-455 Cust. Penalties $614.89 $1,033.97 $1,302.45 $1,763.91 $2,097.93 $1,500.00 $1,605.58 $2,140.77 $2,000.00 200-00-46410-000-500 Interest Income $1,094.63 $1,345.26 $26.00 $0.00 $0.00 $0.00 $5,404.65 $8,385.95 $10,956.24 200-00-46410-200-000 Commercial Sewer Drop off $130.00 $1,500.00 $0.00 $0.00 $0.00 200-00-46410-000-510 Other Sewer Rev $100.00 $0.00 $25,696.68 200-00-46420-000-635 MISC Rev $250.00 $5,108.83 $252,153.50 $252,640.04 $8,627.76 $500.00 $5,995.00 $0.00 $0.00 200-00-49110-000-000 Short-term Borrowing $442,300.00 $0.00 200-00-47500-100-001 CWLF PROCEEDS $5,230,247.56 $0.00 $0.00 200-00-48400-000-421 CONTRIBUTED PLANT SEWER $410,428.00 $122,765.00 SUBTOTAL - OTHER WATER REV $2,059.52 $449,788.06 $279,178.63 $5,895,079.51 133,620.69$ $3,500.00 $13,005.23 $10,526.72 $12,956.24 TOTAL WASTE WATER REVENUES $454,162.84 $948,825.86 $882,293.73 $6,576,424.37 $992,807.65 $915,749.73 $644,372.26 $864,669.14 $911,933.73 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ADOPTED As Of 9/19/2025 PROJECTED PROPOSED EXPENDITURES 2020 Expenses 2021 Expenses 2022 EXPENSES2023 EXPENSES2024 EXPENSES2025 EXPENSES2025 EXPENSESYear End 20252026 EXPENSES 200-00-53111-000-001 Board Wages $1,550.00 $1,300.00 $1,300.00 $1,375.00 $750.00 $0.00 $0.00 200-00-53111-110-001 WW U. Board Wages $475.00 $1,625.00 $574.00 $824.00 $1,625.00 200-00-53111-130-001 WW Board FICA & Medicare $121.88 $19.15 $121.88 SUBTOTAL - BOARD WAGES & EXP$1,550.00 $1,300.00 $1,300.00 $1,375.00 $1,225.00 $1,746.88 $574.00 $843.15 $1,746.88 200-00-53111-110-000 Waste Water Wages $140,134.98 $87,063.46 $139,894.32 $149,361.59 200-00-53111-130-000 WW FICA/Medicare $2,754.48 $10,856.30 $6,578.79 $10,881.81 $11,463.45 200-00-53111-000-100 Utility Superintendent $85,316.38 $96,091.46 $91,723.31 $95,092.75 $89,413.65 $500.00 $0.00 200-00-53111-000-105 FICA & Medicare $9,505.10 $9,221.33 $9,657.67 $10,825.23 $8,603.71 $38.25 $38.25 200-00-53111-000-110 Administrator Wages $7,124.52 $7,230.60 $7,439.10 $7,464.93 $6,412.50 200-00-53111-000-115 Clerical Wages $18,350.80 $18,881.20 $19,331.94 $20,503.00 $18,561.80 200-00-53111-000-820 SALARIES & WAGES $1,110.26 $1,605.81 $0.00 -$53.00 200-00-53300-000-408 Fica & Medicare $742.57 $745.00 $725.00 $689.00 200-00-53500-000-120 PENSION & BENEFITS $7.24 $156.14 SUBTOTAL - WAGES $122,149.63 $133,782.64 $129,033.16 $134,521.91 $122,991.66 $150,991.28 $94,180.50 $150,814.38 $160,825.04 200-00-53111-140-000 WW Retirement $9,520.46 $5,752.19 $9,503.73 $10,519.30 200-00-53111-150-000 WW HEALTH INSURANCE $41,408.33 $29,136.99 $39,170.04 $39,170.04 200-00-53111-160-000 WW Life Insurance $214.54 $93.86 $210.60 $210.60 200-00-53111-000-116 Benefits $11,124.44 $245.21 $182.25 $14,560.18 $7,675.47 200-00-53500-000-120 Benefits $0.00 $7.24 $182.25 $0.00 $0.00 $0.00 200-00-53800-000-428 Sewer Pension / Benefites $14,809.22 $18,182.77 $20,877.36 $35,382.86 $37,534.09 200-00-53200-135-000 wwtp Uniform Allowance $63.30 $143.48 $600.00 $48.00 $150.00 $600.00 SUBTOTAL - BENEFITS $25,933.66 $18,498.52 $21,241.86 $49,943.04 $45,353.04 $51,743.33 $35,031.04 $49,034.37 $50,499.93 200-00-53111-000-821 Power for Pumps $28,198.37 $30,673.40 $36,860.98 $38,997.51 $37,480.99 $39,000.00 $33,718.96 $44,964.00 $46,313.00 200-00-53111-000-822 MDV Phosphorus Payment $0.00 $25,051.00 $25,100.00 $11,489.00 $11,489.00 $14,000.00 200-00-53111-000-826 Chemicals - Treatment $3,913.17 $2,079.00 $4,722.83 $9,509.21 $12,843.58 $10,000.00 $13,547.54 $13,547.54 $14,000.00 200-00-53111-000-827 Supplies & Exp $49,438.79 $40,350.14 $26,022.58 $39,260.86 $31,665.30 $35,000.00 $19,923.08 $26,707.00 $29,000.00 200-00-53111-000-828 Transportation Exp $576.19 $2,643.87 $119.88 $157.35 $1,333.02 $2,000.00 $16.99 $100.00 $1,000.00 200-00-53111-000-829 Gasoline $191.83 $56.43 $85.39 $334.67 $478.39 $750.00 $204.99 $400.00 $750.00 200-00-53300-000-831 Maint Collection System $8,392.23 $4,593.62 $11,592.11 $4,775.72 $303.59 $5,500.00 $374.31 $374.31 $5,000.00 200-00-53300-000-832 Maint Lift Stations $564.62 $9,948.24 $14,583.79 $14,023.61 $7,905.60 $10,000.00 $2,573.06 $3,430.75 $9,000.00 200-00-53300-000-833 Maint Tre & Disp $28,833.88 $24,978.65 $30,576.72 $27,850.25 $3,896.61 $3,500.00 $4,530.12 $6,040.16 $3,500.00 200-00-53300-000-834 Maint GP STR & EQ $1,205.79 $3,026.43 $1,219.43 $1,661.93 $1,483.11 $1,500.00 $5,783.62 $6,353.62 $4,000.00 200-00-83300-000-835 Maint Meters $0.00 $340.00 $0.00 $0.00 $0.00 $600.00 $0.00 $0.00 $0.00 SUBTOTAL - MAINT & OPS $121,314.87 $118,689.78 $125,783.71 $136,571.11 $122,441.19 $132,950.00 $92,161.67 $113,406.38 $126,563.00 Page 3 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ADOPTED As Of 9/19/2025 PROJECTED PROPOSED EXPENDITURES 2020 Expenses 2021 Expenses 2022 EXPENSES2023 EXPENSES2024 EXPENSES2025 EXPENSES2025 EXPENSESYear End 20252026 EXPENSES 200-00-53500-000-857 Debt PMT Prinicpal -$ 755.59$ -$ -$ $0.02 $388,663.73 $387,213.27 $387,213.27 $396,573.04 200-00-53500-000-858 Debt Payment Int -$ 6,170.71$ 13,508.92$ 99,712.44$ $163,479.03 $165,927.75 $83,985.01 $164,669.33 $185,504.57 SUBTOTAL - DEBT PAYMENTS -$ 6,926.30$ 13,508.92$ 99,712.44$ $163,479.05 $554,591.48 $471,198.28 $551,882.60 $582,077.61 200-00-53300-500-000 Accrued Sick Leave -$ -$ 200-00-53311-000-856 MISC EXP 200-00-53400-000-840 Billing & Accounting 349.33$ 1,046.93$ 189.01$ 226.73$ $429.62 $1,000.00 $114.57 $152.76 $200.00 200-00-53400-000-842 Meter Reading -$ 200-00-53400-000-843 Uncollectable A/R 200-00-53500-000-851 Supplies 2,407.59$ 2,170.28$ 2,545.56$ 4,969.91$ $9,211.56 $9,000.00 $5,798.31 $7,731.08 $9,000.00 200-00-53500-000-852 Outside Services 86,903.59$ 22,823.40$ 4,157.98$ 3,528.28$ $13,711.08 $12,000.00 $25,862.67 $25,862.67 $15,500.00 200-00-53500-000-853 Insurance 13,749.15$ 7,856.27$ 13,344.88$ 12,504.49$ $13,939.09 $15,200.00 $14,600.67 $17,513.00 $14,235.00 200-00-53500-000-855 Regulatory Exp -$ -$ 527.32$ $0.00 $556.03 $556.03 200-00-53500-000-856 Misc Exp 2,998.90$ 3,607.33$ 32,979.73$ 466.35$ $1,439.48 $475.00 $1,094.17 $1,458.91 $1,500.00 200-00-53800-000-000 Tax Equivalent SUBTOTAL - ADMIN COSTS 106,408.56$ 37,504.21$ 53,217.16$ 22,223.08$ $38,730.83 $37,675.00 $48,026.42 $53,274.45 $40,435.00 CAPITAL PROJECTS 2020 Expenses 2021 Expenses 2022 EXPENSES2023 EXPENSES2024 EXPENSES2025 EXPENSES2025 EXPENSESYear End 20252026 EXPENSES 200-00-51510-210-105 WWTP Engineering $0.00 200-00-56100-100-500 General Construction -$ -$ 5,387,691.83$ $13,229.98 $0.00 -$ Slip Lining -$ -$ Camera -$ Jetter -$ -$ SUBTOTAL - CAPITAL EXPENDITURE -$ -$ -$ 5,387,691.83$ $13,229.98 $0.00 $0.00 TOTAL EXPENDITURES 377,356.72$ 316,701.45$ 344,084.81$ 5,832,038.41$ $507,450.75 $929,697.97 $919,255.33 $962,147.46 TO (FROM) RESERVE 76,806.12$ 632,124.41$ 538,208.92$ 744,385.96$ $485,356.91 -$13,948.24 -$54,586.19 -$50,213.73 Other Rev 12,956.24$ Waste Water Trends - 1 year - (Last 4Q) 3,500,0003,600,0003,700,0003,800,0003,900,0004,000,0004,100,0004,200,0002025Residential 0500,0001,000,0001,500,0002,000,0002,500,0003,000,0002025Industrial0200,000400,000600,000800,0001,000,0001,200,0001,400,0001,600,0001,800,0002,000,0002025Commercial 050,000100,000150,000200,000250,000300,000350,000400,000450,000500,0002025Public Authority 0200,000400,000600,000800,0001,000,0001,200,0002025Multifamily7,000,0007,500,0008,000,0008,500,0009,000,0009,500,00010,000,0002025Total Other Rev 12,956.24$ Waste Water Trends - 3 year - (Last 4Q) 3,400,0003,600,0003,800,0004,000,0004,200,0004,400,0004,600,0002023 2024 2025Residential 0500,0001,000,0001,500,0002,000,0002,500,0003,000,0002023 2024 2025Industrial0200,000400,000600,000800,0001,000,0001,200,0001,400,0001,600,0001,800,0002,000,0002023 2024 2025Commercial 0100,000200,000300,000400,000500,000600,000700,000800,000900,0002023 2024 2025Public Authority 0200,000400,000600,000800,0001,000,0001,200,0002023 2024 2025Multifamily7,000,0007,500,0008,000,0008,500,0009,000,0009,500,00010,000,0002023 2024 2025Total Other Rev 12,956.24$ Waste Water Trends - Since 2020 0500,0001,000,0001,500,0002,000,0002,500,0003,000,0003,500,0004,000,0004,500,0005,000,0002020 2021 2022 2023 2024 2025Residential 0500,0001,000,0001,500,0002,000,0002,500,0003,000,0002020 2021 2022 2023 2024 2025Industrial0500,0001,000,0001,500,0002,000,0002,500,0002020 2021 2022 2023 2024 2025Commercial 0100,000200,000300,000400,000500,000600,000700,000800,000900,0002020 2021 2022 2023 2024 2025Public Authority 0200,000400,000600,000800,0001,000,0001,200,0002020 2021 2022 2023 2024 2025Multifamily02,000,0004,000,0006,000,0008,000,00010,000,00012,000,0002020 2021 2022 2023 2024 2025Total 9/30/2025 2026 MARATHON CITY TID #1 Budget ACTUAL ACTUAL ADOPTED REVENUES AS OF PROJECTED PROPOSED REVENUES 2023 REVENUES 2024 Revenues 2025 EXPENDITURES 9/23/2025 2025 Year End 2026 BUDGET TAXES 754,395.00 $ 730,724.25$ 878,551.21$ 523,504.46$ 823,822.08$ 782,751.64$ SPECIAL ASSESSMENTS - $ -$ -$ -$ -$ -$ INTERGOVERNMETAL REVENUE 13,192.63 $ 13,646.43$ 71,220.05$ 61,761.97$ 61,761.97$ 61,761.97$ MISC REVENUE 900.00 $ - $ -$ -$ -$ -$ PROCEEDS FROM BORROWING 2,805,742.34$ 2,038,791.01$ 1,273,200.79$ 318,412.26$ 1,054,529.15$ - $ FROM TID RESERVE 349,749.00$ - $ 656.85$ - $ -$ 482,478.45$ TOTAL REVENUE 3,923,978.97 $ 2,783,161.69$ 2,223,628.90$ 903,678.69$ 1,940,113.20$ 1,326,992.06$ ACTUAL ACTUAL ADOPTED EXPS. AS OF PROJECTED PROPOSED EXPENDITURES 2023 EXPENDITURES 2024 EXPENDITURES 2025 EXPENDITURES 9/23/2025 2025 Year End 2026 BUDGET AUDIT - $ 1,500.00$ 4,350.00$ 8,603.41$ 8,603.41$ 6,738.50$ TID PLANNING 5,400.00 $ - $ -$ -$ -$ -$ ADMINISTRATIVE EXPENSE 64,940.00 $ 48,562.00$ 38,677.11$ 150.00$ 38,827.11$ 22,111.18$ DEBT SERVICE 637,205.53 $ 778,050.22$ 866,151.00$ 219,781.09$ 866,151.00$ 927,513.00$ CONSTRUCTION 3,027,319.82 $ 1,537,292.12$ 1,273,200.79$ 218,216.84$ 670,146.68$ 334,379.38$ LEGAL & TIF Grant Payments 189,113.62 $ 49,551.35$ 41,250.00$ 34,407.67$ 36,250.00$ 36,250.00$ TO TID RESERVE - $ 368,206.00$ - $ 422,519.68$ 320,135.00$ -$ TO GENERAL FUND - $ TOTAL EXPENDITURES 3,923,978.97 $ 2,414,955.69$ 2,223,628.90$ 903,678.69$ 1,940,113.20$ 1,326,992.06$ TID Reserve Fund 12/31/2022: $170,078 -$179,671.00 $188,535.00 187,878$ $611,054.68 $508,670.00 $26,191.55 2026 MARATHON CITY TID #1 Budget 9/30/2025 Page 2 ACTUAL Actual ADOPTED REVENUES AS OF Projected PROPOSED REVENUES 2023 REVENUES 2024 Revenues 2025 9/23/2025 2025 Year End 2026 BUDGET 400-00-41110-000-000 TID Levy 714,322.85 $ 730,724.25$ 878,551.21$ 523,504.46$ 823,822.08$ 782,751.64$ 400-00-42000-000-000 Sale of Land - $ 400-00-42360-000-000 Dev Agreement Payment 40,072.15$ - $ SUBTOTAL TAXES 754,395.00$ 730,724.25$ 878,551.21$ 523,504.46$ 823,822.08$ 782,751.64$ 400-00-42200-000-000 Special Assessments - - $ -$ -$ -$ 400-00-42250-000-000 Interest on Special Assessments - - $ -$ -$ -$ SUBTOTAL SPECIAL ASSESSMENTS -$ - $ -$ -$ -$ -$ 400-00-43000-000-000 CDBG GRANT FUNDS 9,004.28$ 9,458.08$ 9,458.08$ 400-00-43271-000-000 TEA Grant 400-00-43431-000-000 Personal Property AID 57,573.62 $ 57,573.62$ 57,573.62$ 57,573.62$ 400-00-43430-000-000 Computer Aid 4,188.35$ 4,188.35$ 4,188.35$ 4,188.35$ 4,188.35$ 4,188.35$ SUBTOTAL INTERGOVERNMENTAL REVENUES 13,192.63$ 13,646.43$ 71,220.05$ 61,761.97$ 61,761.97$ 61,761.97$ 400-00-48309-000-000 Sale of Property 900.00$ 400-00-49200-000-000 WPS Rebate SUBTOTAL MISC REVENUE 900.00$ - - - - 400-00-49111-000-000 Proceeds from Borrowing 2,805,742.34$ 2,038,791.01$ 1,273,200.79$ 318,412.26$ 1,054,529.15$ - $ SUBTOTAL Proceeds from Borrowing 2,805,742.34$ 2,038,791.01$ 1,273,200.79$ 318,412.26$ 1,054,529.15$ - $ SUBTOTAL REVENUES 3,574,229.97$ 2,783,161.69$ 2,222,972.05$ 903,678.69$ 1,940,113.20$ 844,513.61$ FROM TID RESERVE 349,749.00$ - $ 656.85$ - - 482,478.45$ TOTAL GENERAL GOVT REVENUES 3,573,330$ 2,783,162$ 2,223,628.90$ 903,678.69$ 1,940,113.20$ 1,326,992.06$ Page 3 ACTUAL ACTUAL ADOPTED EXPS. AS OF PROJECTED PROPOSED EXPENDITURES 2023 EXPENDITURES 2024 EXPENDITURES 2025 EXPENDITURES 9/23/2025 2025 Year End 2026 BUDGET 400-00-51510-000-210 Audit 1,500.00$ 4,350.00$ 8,603.41$ 8,603.41$ 6,738.50$ SUBTOTAL AUDIT 1,500.00$ 4,350.00$ 8,603.41$ 8,603.41$ 6,738.50$ 400-00-56300-000-000 TID Creation / Planning -$ 400-00-56310-000-000 TID Consulting -$ 400-00-56315-000-000 TID Grant Applications -$ 400-00-56320-000-000 Plan Commission Meetings -$ 400-00-56330-000-000 Notices / Publications -$ 400-00-56340-000-000 Financial Consulting 5,400 -$ SUBTOTAL TID PLANNING 5,400 - - - - - 400-00-56400-000-000 Administrative Expense 64,940 48,562 38,677.11$ 150.00$ 38,827.11$ 22,111.18$ SUBTOTAL ADMINISTRATIVE EXP 64,940.00$ 48,562.00$ 38,677.11$ 150.00$ 38,827.11$ 22,111.18$ 400-00-56350-000-000 Prinicpal Payment 404,853 508,942 683,969.00$ 169,834.18$ 683,969.00$ 927,513.00$ 400-00-56350-001-000 Interest Payment 101,888 254,287 182,182.00$ 49,946.91$ 182,182.00$ 400-00-56350-000-000 INTEREST ON LT Debt 60,000 400-00-59500-000-000 Refinanancing Principal - -$ 400-00-56100-000-000 TIF Land Acquisition 70,465 14,821 -$ -$ SUBTOTAL DEBT SERVICE 637,205.53$ 778,050.22$ 866,151.00$ 219,781.09$ 866,151.00$ 927,513.00$ 400-00-57000-000-000 Construction Related Expense 2,593,133 1,444,128 1,209,926.09$ 208,129.34$ 620,059.18$ 334,379.38$ 400-00-57100-000-000 Site Preparation 159,000 400-00-57100-120-000 On-Site Inspection Exp. 400-00-57200-000-000 Construction - Water -$ 400-00-57250-000-000 Construction - Sewer 8,975 -$ 400-00-57280-000-000 Construction - Storm Water 1,990 400-00-57290-000-000 Construction - Streets -$ -$ -$ 400-00-57110-000-000 Planning / Engineering 238,819$ 60,889$ 63,274.70$ 10,087.50$ 50,087.50$ -$ 400-00-58110-000-000 MCC Planning Engineering 25,403$ 32,275$ -$ SUBTOTAL CONSTRUCTION 3,027,319.82$ 1,537,292.12$ 1,273,200.79$ 218,216.84$ 670,146.68$ 334,379.38$ 400-00-56410-000-000 Attorney Fees 6,713$ 16,216$ 10,000$ 3,158$ 5,000$ 5,000.00$ 400-00-56450-000-000 Direct Air to Business 181,250$ 33,334$ 31,250$ 31,250$ 31,250$ 31,250.00$ 400-00-56450-100-000 Downtown Redevelopment Grant 400-00-57120-000-000 Onsite Inspections -$ End of year Audit Adjustment 1,151$ 1$ SUBTOTAL - LEGAL AND PROFESSIONAL FEES 189,114$ 49,551$ 41,250$ 34,408$ 36,250$ 36,250.00$ SUBTOTAL EXPENDITURES 3,923,978.97$ 2,414,955.69$ 2,223,628.90$ 481,159.01$ 1,619,978.20$ 1,326,992.06$ TO TID RESERVE -$ 368,206.00$ -$ 422,519.68$ 320,135.00$ -$ TOTAL GENERAL GOVT EXPENDITURES 3,859,038.97$ 2,366,393.69$ 2,184,951.79$ 481,009.01$ 1,581,151.09$ 1,326,992.06$ 2026 MARATHON CITY TID #2 Budget 10/1/2025 2025 MARATHON CITY TID #2 ACTUAL ACTUAL ADOPTED REVENUES AS OF PROJECTED PROPOSED REVENUES 2023 REVENUES 2024 REVENUES 2025 EXPENDITURES2025 EXPENDITURES2025 REVENUES 2026 BUDGET TAXES 126,333.75 $ 122,858.54$ 95,403.75$ 56,877.42$ 89,506.17$ 94,732.14$ SPECIAL ASSESSMENTS - $ -$ -$ -$ -$ -$ INTERGOVERNMENTAL REVENUE 2,043.86 $ 1,589.79$ 28,742.12$ 27,152.12$ 28,742.12$ 28,742.12$ SUBTOTAL MISC REVENUE - $ 32.49$ -$ -$ -$ -$ FROM TID RESERVE 18,196.00 $ 29,864.65$ 30,901.81$ 78,352.85$ 46,345.99$ 28,042.03$ TOTAL REVENUE 146,573.61$ 154,345.47$ 155,047.68$ 162,382.39$ 164,594.28$ 151,516.29$ ACTUAL ACTUAL ADOPTED EXPS. AS OF PROJECTED PROPOSED EXPENDITURES 2023 EXPENDITURES 2024 EXPENDITURES2025 EXPENDITURES2025 EXPENDITURES2025 EXPENDITURES2026 BUDGET AUDIT - $ 1,500.00$ 8,603.40$ 8,603.40$ - $ 6,738.50$ TID PLANNING - $ -$ -$ -$ -$ -$ ADMNISTRATIVE EXPENSE 9,125.00$ 18,205.00$ 9,669.28$ 150.00$ 9,819.28$ 5,527.79$ DEBT SERVICE 137,450.00 $ 134,150.00$ 135,775.00$ 135,775.00$ 135,775.00$ 137,250.00$ CONSTRUCTION - $ -$ -$ -$ -$ -$ LEGAL AND PROFESSIONAL FEES (1.39) $ 490.47$ 1,000.00$ 17,853.99$ 19,000.00$ 2,000.00$ TO TID RESERVE - $ -$ -$ -$ -$ -$ TOTAL EXPENDITURES 146,573.61$ 154,345.47$ 155,047.68$ 162,382.39$ 164,594.28$ 151,516.29$ ''TID Reserve Fund 1/1/2023: -$653,297 -$671,493.00 -$701,357.65 -$732,259.46 -$779,710.50 -$747,703.64 -$775,745.67 2026 MARATHON CITY TID #2 Budget 10/1/2025 Page 2 ACTUAL ACTUAL ADOPTED REVENUES AS OF PROJECTED PROPOSED REVENUES 2023 REVENUES 2024 REVENUES 2025 BUDGET Sept. 20, 2024 2025 REVENUES 2026 BUDGET 401-00-41100-000-000 Property Tax - TID 2 61,044.75$ 402-00-41110-000-000 Property Tax - TID 2 65,289.00$ 122,858.54$ 95,403.75$ 56,877.42$ 89,506.17$ 94,732.14$ 402-00-42000-000-000 Sale of Land - $ 402-00-42360-000-000 Dev Agreement Payment - $ SUBTOTAL TAXES 126,333.75$ 122,858.54$ 95,403.75$ 56,877.42$ 89,506.17$ 94,732.14$ 402-00-42200-000-000 Special Assessments - - - - - 402-00-42250-000-000 Interest on Special Assessments - - - - - SUBTOTAL SPECIAL ASSESSMENTS - - - - - - 402-00-43000-000-000 INTERGOVERNMENTAL REVENUES 2,043.86$ 1,589.79$ 1,590.00$ - $ 1,590.00$ 1,590.00$ 402-00-43271-000-000 TID #2 - $ 402-00-48100-000-000 TEA GRANT INCOME 402-00-43431-000-000 Personal Property Aid 27,152.12 $ 27,152.12$ 27,152.12$ 27,152.12$ 402-00-43430-000-000 Computer Aid SUBTOTAL INTERGOVERNMENTAL REVENUES 2,043.86$ 1,589.79$ 28,742.12$ 27,152.12$ 28,742.12$ 28,742.12$ 402-00-48309-000-000 Sale of Property - 402-00-48110-000-000 INTEREST INCOME - 32 SUBTOTAL MISC REVENUE - 32 - - - - SUBTOTAL REVENUES 128,377.61$ 124,480.82$ 124,145.87$ 84,029.54$ 118,248.29$ 123,474.26$ FROM TID RESERVE 18,196.00$ 29,864.65$ 30,901.81$ 78,352.85$ 46,345.99$ 28,042.03$ TOTAL GENERAL GOVT REVENUES 128,377.61$ 124,480.82$ 124,145.87$ 84,029.54$ 118,248.29$ 151,516.29$ Page 3 ACTUAL ACTUAL ADOPTED REVENUES AS OF PROJECTED PROPOSED EXPENDITURES 2023 EXPENDITURES 2024 EXPENDITURES2025 EXPENDITURES2025 EXPENDITURES2025 REVENUES 2026 BUDGET 402-00-51510-000-210 Audit - $ 1,500.00$ 8,603.40$ 8,603.40$ - $ 6,738.50$ SUBTOTAL AUDIT 1,500.00 $ 8,603.40$ 8,603.40$ - $ 6,738.50$ 402-00-56100-000-000 Econ & Env Development - $ -$ - $ 402-00-56300-000-000 TID Creation / Planning - $ - $ 402-00-56315-000-000 TID Grant Applications - $ - $ 402-00-56320-000-000 Planning Meetings - $ 402-00-56330-000-000 Notices / Publications - $ 402-00-56350-000-000 Financial Consulting - $ SUBTOTAL TID PLANNING -$ -$ -$ -$ -$ -$ 402-00-56400-000-000 Administrative Expense 9,125.00$ 18,205.00$ 9,669.28$ 150.00$ 9,819.28$ 5,527.79$ SUBTOTAL ADMINISTRATIVE EXP 9,125.00$ 18,205.00$ 9,669.28$ 150.00$ 9,819.28$ 5,527.79$ 402-00-58310-000-000 Prinicpal Payment 110,000.00$ 110,000.00$ 20,775.00$ 115,000.00$ 115,000.00$ 120,000.00$ 402-00-58300-000-000 Interest Payment 27,450.00$ 24,150.00$ 115,000.00$ 20,775.00$ 20,775.00$ 17,250.00$ SUBTOTAL DEBT SERVICE 137,450.00$ 134,150.00$ 135,775.00$ 135,775.00$ 135,775.00$ 137,250.00$ 402-00-57000-000-000 Construction Related Expense -$ - $ -$ -$ -$ 402-00-57100-000-000 Site Preparation - $ - $ -$ -$ -$ 402-00-57110-000-000 Planning / Engineering -$ - $ -$ -$ -$ 402-00-57120-000-000 On-Site Inspection Expense -$ - $ -$ -$ -$ 402-00-57200-000-000 Construction - Water - $ - $ -$ -$ -$ 402-00-57250-000-000 Construction - Sewer - $ - $ -$ -$ -$ 402-00-57280-000-000 Construction - Storm Water -$ - $ -$ -$ -$ 402-00-57290-000-000 Construction - Streets - $ - $ -$ -$ -$ SUBTOTAL CONSTRUCTION -$ - $ -$ -$ -$ 402-00-51510-210-000 Prof Services - Attorney -$ 490.47$ 1,000.00$ 17,853.99$ 7,000.00$ 2,000.00$ 402-00-56450-000-000 Direct Aid to Business - $ - $ -$ 12,000.00$ - $ End of Year-Adjustment to Match Audit Fund Balance (1.39)$ - $ -$ -$ SUBTOTAL - LEGAL AND PROFESSIONAL FEES (1.39)$ 490.47$ 1,000.00$ 17,853.99$ 19,000.00$ 2,000.00$ SUBTOTAL - EXPENDITURES 146,573.61$ 154,345.47$ 155,047.68$ 162,382.39$ 164,594.28$ 151,516.29$ TO TID RESERVE -$ -$ -$ -$ -$ -$ TOTAL GENERAL GOVT EXPENDITURES 137,448.61$ 136,140.47$ 145,378.40$ 162,232.39$ 154,775.00$ 151,516.29$ Village of Marathon City Re: Notice of Termination – Purchase & Development Agreement The Overland Group, LLC (“Developer”), pursuant to the Purchase & Development Agreement dated March 19, 2025 (the “Agreement”), hereby provides written notice to the Village of Marathon City (“Village”) as required under the Agreement. Developer has not obtained tenant approval of the site plan and has not satisfied all tenant conditions under the applicable lease. Accordingly, pursuant to Article I, Definitions/Contingency, Section 2, Developer hereby declares the Agreement null and void, with no further legal force or effect. This Notice is provided prior to 5 business days in advance of the scheduled closing date of October 1, 2025 as required in the agreement. Sincerely, Daniel Warren The Overland Group, LLC Daniel@theoverlandgroup.com 205-441-3656