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VILLAGE OF LISBON W234N8676 Woodside Road Lisbon, WI 53089-1545 MEETING MINUTES VILLAGE BOARD LISBON VILLAGE HALL – JUNE 10, 2026 Office: (262) 246-6100 | Email: VillageHall@LisbonWI.gov | Website: www.LisbonWI.gov Call to Order President Gehrke called the Village Board meeting to order at 6:34p.m. Roll Call Present: President Gehrke; Trustees Quinn, Moonen, and Baum; Treasurer Girard; DPW Director Wilichowski; Administrator Green; and Clerk Cappozzo. Absent: Trustee Beal Pledge of Allegiance The Pledge of Allegiance was recited by all those present. Public Comments None. Consent Agenda (Items approved together unless a Trustee requests removal for separate consideration) A. May 13, 2026 Village Board minutes B. Approve 5k event for Silver Circle to be held at Lisbon Community Park on 7/11/2026 . C. Appoint Randy Chmiel to Public Works & Utility Committee for remainder of term ending 5/15/2027. Motion by Baum, second by Moonen, to approve the Consent Agenda as presented. Motion carried unanimously. Accounts Payable A. Authorize payment of the OneClick bills dated 5/28 for $2,134.66 Motion by Moonen, second by Quinn, to approve payment of the One Click bills as presented. Motion carried 3:0 with Trustee Baum abstaining. B. Authorize payment of remaining bills dated 5/28 for $526,735.89 and 6/5 for $57,511.31 Motion by Baum, second by Quinn, to approve payment of remaining bills as presented. Motion carried unanimously. Announcements/Correspondence President Gehrke reviewed upcoming meeting dates and holiday closures for village departments. Village Board Minutes June 10, 2026 Page 2 of 4 Office: (262) 246-6100 | Email: VillageHall@LisbonWI.gov | Website: www.LisbonWI.gov Administrator Report Administrator Green gave a brief update on current Village projects and departments. Unfinished Business A. Discussion & necessary action re: Conceptual Park Plan Options Administrator Green indication there were no updates needing action at this time. New Business A. RESO 2026-04 authorizing issuance and sale of $4,120,000 GO Promissory Notes President Gehrke introduced the item. Ariana Schmidt, the Village's financial advisor, presented the sale day results for the General Obligation Promissory Notes, Series 2026A. She noted that the results had not been available in advance of the meeting and that the sale day report had been compiled specifically for the Board's review that evening. Ms. Schmidt described the outcome as very strong. The true interest cost came in at 2.86%, which she noted was approximately one full percentage point lower than the presale estimate. Six competitive bids were received, which she characterized as an excellent level of participation, with the highest bid just over 3.1% — representing a spread of approximately 20 basis points between the best and worst bids. Ms. Schmidt observed that this range illustrated the clear benefit of pursuing a competitive bid process rather than a negotiated sale with a single dealer. The winning bidder was TD Financial Products. Ms. Schmidt further explained that because the winning bid was structured as a premium bid — whereby the underwriter pays the issuer more than the face amount of the notes at a slightly lower interest rate, analogous, she noted, to receiving cash back at a car dealership — the Village was able to reduce the principal amount of debt issued by approximately $45,000. As a result, the final principal amount was reduced from the presale figure of $4,120,000 to $4,075,000. She reported that, in total, principal a nd interest payments over the five -year term of the notes would be approximately $100,000 less than the presale estimate. Ms. Schmidt also informed the Board that the Village's bond rating with Moody's had been affirmed at Aa2, which she credited as a contributing factor to the favorable interest rates achieved. She noted that the full bid tabulation and updated financing tab les reflecting the actual sale results were attached for the Board's reference. Closing was scheduled for June 30th, at which time the Village would receive the proceeds. Ms. Schmidt advised that, in addition to approving the resolution, both Administrator Green and President Gehrke would need to sign a bid form to formalize the Village's acceptance of the winning bid, which she would take with her that evening to transmit to the underwriter. Administrator Green noted for the Board that the resolution included in the meeting packet referenced the original presale amount of $4,120,000, and that a corrected resolution reflecting the Village Board Minutes June 10, 2026 Page 3 of 4 Office: (262) 246-6100 | Email: VillageHall@LisbonWI.gov | Website: www.LisbonWI.gov updated principal amount of $4,075,000 had been prepared but had not yet been printed due to a power outage at Village Hall. He confirmed that the corrected resolution bore the same resolution number and needed only to be signed by the appropriate parties. Motion by Moonen, second by Quinn, to approve and adopt Resolution 2026 -04 authorizing the issuance and sale of $4,075,000 General O bligation Promissory Notes, Series 2026A . Motion carried unanimously. B. Authorize DPW purchase of Grapple Rake Motion by Moonen, second by Baum, to approve DPW purchase of a Grapple Rake for the loader, for an amount not to exceed $26,000.00. Motion carried unanimously. C. Authorize DPW purchase of Dump Body for 2005 Sterling truck Motion by Moonen, second by Baum, to approve DPW purchase of a Dump Body for the 2005 Sterling patrol truck, for an amount not to exceed $23,920.00. Motion carried unanimously. D. Ordinance 2026-07 prohibiting parking on Oakwood Road Administrator Green recommended that the Board remand Ordinance 2026-07 back to the Public Works & Utility Committee rather than acting on it at this meeting. He explained that, upon further review, a blanket prohibition on parking along both sides of Oakw ood Road would also restrict residents who live along that road from parking in front of their own homes — a consequence he believed had not been fully communicated to or considered by those residents, some of whom had originally requested the restriction. Administrator Green noted that the original impetus for the request had come from concerns about increased parking along Oakwood Road in connection with baseball games at the nearby park, with attendees choosing to park there rather than in the designated parking area off Park Parkway. He cautioned that without broader outreach to all residents on the road, the Village risked imposing unintended consequences, such as residents being unable to accommodate parking for private gatherings. Trustee Moonen elaborated, confirming that two residents had contacted him with the original concern, and that the focus of those conversations had been specifically on event -related overflow parking rather than any broader restriction. He noted that conditional parking restrictions — such as limiting the prohibition to specific hours or event days — had been considered but ultimately were not recommended, as such conditions complicate enforcement and place a significant evidentiary burden on the Village if citations are challenged. The discussion turned to alternative approaches. Administrator Green suggested that a more targeted restriction — limited to one side of the road, or to the stretch of Oakwood Road immediately adjacent to the athletic fields — could accomplish the goal of discouraging event parking without affecting residents living farther from the park. Trustee Baum raised a concern that Village Board Minutes June 10, 2026 Page 4 of 4 Office: (262) 246-6100 | Email: VillageHall@LisbonWI.gov | Website: www.LisbonWI.gov pushing parking off Oakwood Road entirely might simply redirect vehicles to Oakwood Court, which is adjacent to the area and where the impact on residents could be even greater given the cul-de-sac character of that street. Trustee Quinn supported referring the matter back for further research and expressed interest in whether conditional restrictions could be structured appropriately. She added that she believed some of the original residents who made the request may not hav e fully considered that the restriction would apply to them as well. President Gehrke noted the broader context: that the situation would change materially within approximately two seasons once a new, larger parking lot adjacent to the athletic fields was completed. He suggested that understanding how the parking situation evolves over the coming season before imposing any permanent restriction would be prudent, and indicated that outreach to residents along the road — noting that most are known personally to Board and staff — would be straightforward before the matter returns. Motion by Moonen, second by Baum, to remand the ordinance back to the Public Works & Utility Committee for reconsideration, with the expectation that a revised recommendation would be brought back to the full Board no earlier than August, after a full season of observation and following appropriate resident notification. Motion carried unanimously. Adjournment There being no further business, motion by Quinn, second by Moonen, to adjourn the meeting at 7:08p.m. Respectfully submitted, Elisa M. Cappozzo, WCMC Lisbon Village Clerk