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09.16.2026 Joint Review Board Meeting Agenda 09.16.2026 - JRB AGENDA.PDF 09.16.2026 Joint Review Board Meeting Packet 09.16.2026 - JRB PACKET.PDF 1. Documents: 1.I. Documents: Village of Cross Plains Joint Review Board Regular Meeting Notice and Agenda Wednesday , September 1 6 , 20 2 6 10:15 am Please note that this is a virtual meeting only . Interested parties may participate by logging into the conference room or calling the teleconference line. The log in information is as follows: Zoom Meeting Link https://us02web.zoom.us/j/86966790981 Conference telephone line: 1-312-626-6799 Meeting ID: 869 6679 0981 I. Call to Order and Roll Call II. General Business 1. Approval of meeting minutes from September 1 7 , 202 5 . 2. Discussion and Possible Action regarding the 20 2 5 Annual Report for TID #3. III. Adjournment This meeting notice constitutes an official meeting of the above referenced group and was posted in accordance with all applicable laws related Open Meetings Law. It is possible that members of and possibly a quorum of members of other governmental bodies of the municipality may be in attendance at the above stated meeting to gather information. No action will be taken by any governmental body at the above stated meeting other than the governmental body specifically referred to above in this notice. Upon reasonable notice, efforts will be made to accommodate the needs of disabled individuals. For additional information or to request this service, contact the Village Hall at (608) 798-3241 or bobbi@cross-plains.wi.us Village of Cross Plains Joint Review Board Regular Meeting Notice and Agenda Wednesday, September 16, 2026 10:15 am Please note that this is a virtual meeting only. Interested parties may participate by logging into the conference room or calling the teleconference line. The log in information is as follows: Zoom Meeting Link https://us02web.zoom.us/j/86966790981 Conference telephone line: 1-312-626-6799 Meeting ID: 869 6679 0981 I. Call to Order and Roll Call II. General Business 1. Approval of meeting minutes from September 17, 2025. 2. Discussion and Possible Action regarding the 2025 Annual Report for TID #3. III. Adjournment This meeting notice constitutes an official meeting of the above referenced group and was posted in accordance with all applicable laws related Open Meetings Law. It is possible that members of and possibly a quorum of members of other governmental bodies of the municipality may be in attendance at the above stated meeting to gather information. No action will be taken by any governmental body at the above stated meeting other than the governmental body specifically referred to above in this notice. Upon reasonable notice, efforts will be made to accommodate the n eeds of disabled individuals. For additional information or to request this service, contact the Village Hall at (608) 798-3241 or bobbi@cross-plains.wi.us Page 1 of 1 Village of Cross Plains Joint Review Board Regular Meeting Minutes Wednesday, September 17, 2025 6:00 pm I. Call to Order and Roll Call Village President Jay Lengfeld called the meeting to order at 6:00 p.m. Present: Adam Gallagher, Jerrud Rossing, Laurie Grigg (joined at 6:04), Judy Ketelboeter, and Jay Lengfeld. Also present: Village Administrator Carly Persson, Village Clerk Bobbi Zauner, and Greg Johnson of Ehlers & Associates. Absent: None. II. General Business 1. Approval of meeting minutes from September 18, 2024. A motion was made by Ketelboeter, second by Gallagher, and unanimously carried by the Joint Review Board, to approve the September 18, 2024 Joint Review Board meeting minutes. 2. Discussion and Possible Action regarding the 2024 Annual Report for TID #3. Following a presentation by Greg Johnson of Ehlers & Associates and discussion, a motion was made by Rossing, second by Gallagher, and unanimously carried by the Joint Review Board to accept the 2024 Annual Report for TID #3. III. Adjournment A motion was made by Gallagher, second by Rossing, and unanimously carried by the Joint Review Board, to adjourn at 6:11 p.m. Pursuant to law, written notice of this meeting was given to the public and posted on the public bulletin boards in accordance with Open Meetings Law. Respectfully submitted, Bobbi Zauner Village Clerk BUILDING COMMUNITIES. IT’S WHAT WE DO. September 16, 2026 ANNUAL TAX INCREMENTAL DISTRICT REPORT FOR: Village of Cross Plains, WI Tax Incremental District No. 3 IVE-YEAR STREET RECONSTRUCTION & OVERLAY PLAN FOR: The City of Minnetonka, Minnesota YEARS 2020 - 2025 Prepared by: Ehlers N19W24400 Riverwood Drive, Suite 100 Waukesha, WI 53188 Annual TID Report for Village of Cross Plains, WI Tax Incremental District No. 3 1 Annual Tax Incremental District Report Cross Plains, Wisconsin Tax Incremental District No. 3 Purpose: State law requires municipalities with an active Tax Incremental District (TID) to electronically file an Annual Report for each TID by July 1 of each calendar year. This is a supplemental report to that filing to be used at the annually required meeting of the Joint Review Board. District Summary: Tax Incremental District No. 3 (“District”) was created on August 11, 2008 as a rehabilitation/conservation district. The District’s boundary and project plan were first amended in 2011. The second boundary and project plan amendment occurred in 2013. The TID has an expenditure period that ends on August 11, 2030 and the maximum life ends on August 11, 2035. The final year of increment collection is in fiscal year 2036. Background Data: Base Value Incremental Value (as of January 1, 2026) Year End Fund Balance (2025) $26,335,800 $52,704,700 $132,148 The Village does not plan to undertake additional projects costs prior to the expenditure period. Based on the current incremental value and the projected cashflow, the district is projected to close early in 2027, considering current costs/obligations of the district. Notes: Outstanding project costs primarily consist of debt service. In 2025, the developer incentive payments for Milestone Senior Living were completed. Attachments: • TID Boundary Map • TID Development Assumptions (current development) • TID Increment Projection (current development) • TID Cash Flow Projection (current development) • State Submittal (DOR Form PE -300) Market St CTH P Springfield Rd Main St Church St USH 14 CTH KP CTH KP USH 14 Main St CTH P CTH KP Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AeroGRID, IGN, and the GIS User Community Printed By: JThelen, File: C:\Users\jthelen\Documents\Cross Plains Act 257\TID Map.mxd Print Date: 6/11/2020 Data Sources: MSA Dane County ESRI Village of Cross Plains Dane County, WI TID No. 3 LEGEND TID No. 3 Boundary 1/2 Mile Project Boundary Corporate Limits TID Boundary and 1/2 Mile Project Boundary 0 250 500 Feet Actual Annual Total 1 2008 2,628,000 2,628,000 2008 1 2 2009 2,188,700 2,188,700 2009 2 3 2010 (349,600) (349,600) 2010 3 4 2011 287,700 287,700 2011 4 5 2012 203,200 203,200 2012 5 6 2013 (172,900) (172,900) 2013 6 7 2014 12,022,400 12,022,400 2014 7 8 2015 (641,900) (641,900) 2015 8 9 2016 7,099,300 7,099,300 2016 9 10 2017 1,007,500 1,007,500 2017 10 11 2018 10,091,400 10,091,400 2018 11 12 2019 (3,187,000) (3,187,000) 2019 12 13 2020 (40,900) (40,900) 2020 13 14 2021 7,744,200 7,744,200 2021 14 15 2022 2,196,800 2,196,800 2022 15 16 2023 9,602,300 9,602,300 2023 16 17 2024 8,228,100 8,228,100 2024 17 18 2025 (6,202,600) (6,202,600) 2025 18 19 2026 0 2026 19 20 2027 0 2027 20 21 2028 0 2028 21 22 2029 0 2029 22 23 2030 0 2030 23 24 2031 0 2031 24 25 2032 0 2032 25 26 2033 0 2033 26 27 2034 0 2034 27 Totals 52,704,700 52,704,700 Notes: Village of Cross Plains, Wisconsin Tax Increment District #3 Development Assumptions Construction Year Construction Year Type of District Base Value 26,335,800 District Creation Date Appreciation Factor 0.00% Valuation Date Jan 1, 2008 Base Tax Rate $17.76 Max Life (Years) Rate Adjustment Factor -1.50% Expenditure Period/Termination 22 8/11/2030 Revenue Periods/Final Year 27 2036 Extension Eligibility/Years Yes 6 Tax Exempt Discount Rate N/A Eligible Recipient District Taxable Discount Rate N/A Construction Year Value Added Valuation Year Inflation Increment Total Increment Revenue Year Tax Rate Tax Increment 1 2008 2,628,000 2009 2,628,000 2010 $20.14 52,924 2 2009 2,188,700 2010 4,816,700 2011 $21.85 105,254 3 2010 (349,600) 2011 4,467,100 2012 $21.96 98,099 4 2011 287,700 2012 4,754,800 2013 $22.66 107,734 5 2012 203,200 2013 4,958,000 2014 $23.00 114,014 6 2013 (172,900) 2014 4,785,100 2015 $22.50 107,646 7 2014 12,022,400 2015 16,807,500 2016 $22.62 380,197 8 2015 (641,900) 2016 16,165,600 2017 $21.89 353,897 9 2016 7,099,300 2017 23,264,900 2018 $21.85 508,345 10 2017 1,007,500 2018 24,272,400 2019 $21.32 517,563 11 2018 10,091,400 2019 34,363,800 2020 $21.75 747,248 12 2019 (3,187,000) 2020 31,176,800 2021 $22.18 691,620 13 2020 (40,900) 2021 31,135,900 2022 $21.72 676,249 14 2021 7,744,200 2022 38,880,100 2023 $19.67 764,811 15 2022 2,196,800 2023 41,076,900 2024 $18.90 776,286 16 2023 9,602,300 2024 50,679,200 2025 $18.01 912,751 17 2024 8,228,100 2025 58,907,300 2026 $17.76 1,046,237 18 2025 (6,202,600) 2026 52,704,700 2027 $17.49 922,033 19 2026 0 2027 0 52,704,700 2028 $17.23 908,203 20 2027 0 2028 0 52,704,700 2029 $16.97 894,580 21 2028 0 2029 0 52,704,700 2030 $16.72 881,161 22 2029 0 2030 0 52,704,700 2031 $16.47 867,944 23 2030 0 2031 0 52,704,700 2032 $16.22 854,924 24 2031 0 2032 0 52,704,700 2033 $15.98 842,101 25 2032 0 2033 0 52,704,700 2034 $15.74 829,469 26 2033 0 2034 0 52,704,700 2035 $15.50 817,027 27 2034 0 2035 0 52,704,700 2036 $15.27 804,772 Totals 52,704,700 0 Future Value of Increment 16,583,089 Notes: 1) Actual results will vary depending on development, inflation of overall tax rates. 2) Tax rate depicted in revenue year 2026 is actual per DOR 2025 PC-202 (Tax Increment Collection Worksheet). 27 Yes Village of Cross Plains, Wisconsin Tax Increment District #3 Tax Increment Projection Worksheet Rehabilitation August 11, 2008 Village of Cross Plains, Wisconsin Tax Increment District #3 Cash Flow Projection - Current developments Burish Milestone Senior Year Prin. Int. Prin. Int. Prin. Int. Prin. Int. Living Year 2008 0 0 0 0 2008 2009 0 9,530 9,530 (9,530) (9,530) 2009 2010 52,924 60,457 113,381 62,328 62,328 51,053 41,523 2010 2011 105,254 105,254 1,391 3,863 9,950 15,204 90,050 131,573 2011 2012 98,099 98,099 1,996 3,258 4,541 31,213 41,008 57,091 188,664 2012 2013 107,734 8,193 4,195 120,122 57,028 2,939 48,534 135,230 243,731 (123,609) 65,055 2013 2014 114,014 2,765,538 255,349 8,537 3,143,438 18,138 1,970,706 912,307 2,901,151 242,287 307,342 2014 2015 107,646 952,500 3,435 7,700 1,071,281 25,000 25,741 1,076,551 258,556 1,385,848 (314,567) (7,225) 2015 2016 380,197 3,535,000 8,005 3,923,202 235,000 120,542 28,890 0 8,228 1,096,843 47,120 125,476 1,662,099 2,261,103 2,253,878 2016 2017 353,897 37,226 6,653 125 397,901 2,389,900 75,896 28,890 0 5,558 300,000 47,211 22,454 47,120 98,785 3,015,814 (2,617,913) (364,035) 2017 2018 508,345 6,751 515,096 28,890 0 5,558 395,000 51,340 18,943 47,120 350 88,250 635,451 (120,355) (484,390) 2018 2019 517,563 30,682 6,914 2,260 557,419 28,890 0 5,558 405,000 46,636 33,938 47,120 400 88,250 655,792 (98,373) (582,762) 2019 2020 747,248 6,913 33,704 787,865 28,890 20,000 5,408 400,000 41,305 10,018 47,120 400 88,250 641,391 146,475 (436,288) 2020 2021 691,620 6,913 65,147 763,680 28,890 20,000 5,088 405,000 35,265 3,436 47,120 400 88,250 633,449 130,232 (306,056) 2021 2022 676,249 6,914 33,703 716,866 28,890 20,000 4,728 420,000 28,350 3,698 47,120 400 88,250 641,436 75,431 (230,625) 2022 2023 764,811 6,914 33,703 805,428 28,890 50,000 4,013 435,000 20,543 3,699 47,120 400 88,250 677,914 127,514 (103,111) 2023 2024 776,286 6,913 33,703 816,902 5,000 28,830 75,000 2,644 445,000 11,960 4,023 400 88,250 661,107 155,795 52,684 2,527,650 2024 2025 912,751 6,913 59,714 979,378 70,000 27,860 75,000 900 205,000 5,255 3,699 423,550 400 88,250 899,914 79,464 132,148 1,708,214 2025 2026 1,046,237 6,913 59,714 1,112,864 100,000 25,550 125,000 1,500 12,000 0 400 88,250 352,700 760,164 892,312 1,412,324 2026 2027 922,033 6,913 59,714 988,660 100,000 22,650 12,000 400 88,250 223,300 765,360 1,657,672 1,304,827 2027 2028 908,203 6,913 59,714 974,830 100,000 19,550 12,000 400 88,250 220,200 754,630 2,412,302 1,065,844 2028 2029 894,580 6,913 59,714 961,207 100,000 16,275 12,000 400 88,250 216,925 744,282 3,156,584 890,184 2029 2030 881,161 6,913 59,714 947,788 100,000 12,850 12,000 400 88,250 213,500 734,288 3,890,871 712,863 2030 2031 867,944 6,913 59,714 934,571 100,000 9,300 12,000 400 88,250 209,950 724,621 4,615,492 533,843 2031 2032 854,924 6,913 59,714 921,551 100,000 5,650 12,000 400 88,250 206,300 715,251 5,330,743 353,086 2032 2033 842,101 6,913 59,714 908,728 100,000 1,900 12,000 400 88,250 202,550 706,178 6,036,921 170,554 2033 2034 829,469 6,913 59,714 896,096 12,000 400 88,250 100,650 795,446 6,832,367 86,205 2034 2035 817,027 6,913 59,714 883,654 12,000 400 88,250 100,650 783,004 7,615,371 0 2035 2036 804,772 6,913 59,714 871,399 12,000 400 12,400 858,999 8,474,369 0 2036 Total 16,583,089 67,908 7,313,495 412,823 918,787 20,557 25,316,659 2,710,315 250,377 875,000 401,535 260,000 47,679 3,535,000 289,365 4,514,891 800,510 7,550 3,150,067 16,842,290 Total Notes: $88,250 transfer out is for TID share of CWFL and SDWFL Expenditure Period ends Latest year of audited actuals. Total Revenues Annual Cumulative Public Charges Projected Revenues Expenditures Balances Prior Debt 2014A Financing 2015A Financing 2016B Financing Tax Increments Other Proceeds from Debt Intergov. Personal Property Aid Liabilities Outstanding Conservation and Development Fiscal Charges Transfer out Total Expenditures Projected TID Closure with no additonal costs WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 1 – Municipality and TID Co-muni code Municipality County Due date Report type TID number TID type TID name Creation date Mandatory termination date Anticipated termination date Section 2 – Beginning Balance Amount TID fund balance at beginning of year 13113 CROSS PLAINS DANE 07/01/2026 ORIGINAL 003 3 TID 3 08/11/2008 08/11/2035 12/31/2027 $52,685 Section 3 – Revenue Amount Tax increment Investment income Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID $912,751 $0 $0 $0 $66,627 $0 TID number $0 Developer guarantees Developer name $0 Transfer from other funds Source $0 Grants Source $0 Other revenue Source $0 Total Revenue (deposits) $979,378 Page of 1 4 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 4 – Expenditures Amount Capital expenditures Administration Professional services Interest and fiscal charges DOR fees Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID $0 $49 $3,500 $5,255 $150 $0 $400 $205,000 $0 $0 TID number $0 Developer grants Developer name Milestone Senior Living LLC $423,550 Transfer to other funds Fund Debt Service fund $173,760 Fund Water Utility $33,500 Fund Sewer Utility $54,750 Other expenditures Name Total Expenditures $899,914 Section 5 – Ending Balance Amount TID fund balance at end of year Future costs Future revenue Surplus or deficit $132,149 $1,940,925 $2,229,476 $420,700 Page of 2 4 WI Dept of Revenue TID Annual Report Form PE-300 2025 Current Year TID New Construction Values TID TID New Construction Increase TID New Construction Decrease Prior Year Correction TID Net New Construction (NNC) Section 6 – TID New Construction 003 $5,400 $0 $-143,800 $-138,400 Total $5,400 $0 $-143,800 $-138,400 Current Year Allowable Levy Increase Attributable to TID NNC TID TID Net New Construction Prior Year Municipal Equalized Value TID Net New Construction % Prior Year Adjusted Actual Levy Allowable Levy Increase Attributable to TID Net New Construction 003 $-138,400 $614,351,000 -0.02 $2,575,426 $-515 Total $-138,400 $614,351,000 -0.02 $2,575,426 $-515 Current Year Actual TID NNC Impact to Municipal Levy Levy Increase Attributable to TID Net New Construction Increase per $100,000 $0 $0 Historical Allowable Levy Increase Attributable to TID NNC Year TID TID Net New Construction TID Net New Construction % Allowable Levy Increase Attributable to TID Net New Construction Prior Year Adjusted Actual Levy Prior Year Municipal Equalized Value 2024 003 $143,900 $534,778,400 0.03 $2,511,876 $754 2024 Total $143,900 $534,778,400 0.03 $2,511,876 $754 2023 003 $131,800 $494,388,700 0.03 $2,425,129 $728 2023 Total $131,800 $494,388,700 0.03 $2,425,129 $728 Page of 3 4 WI Dept of Revenue TID Annual Report Form PE-300 2025 Section 7 – Contact Information Contact name Contact title Contact email Contact phone Bobbi Zauner Finance Director/Clerk (608) 798-3241bobbi@cross-plains.wi.us Page of 4 4