On the agenda: Cottagegrove meeting — flock camera (Feb 16)

VILLAGE OF COTTAGE GROVE
NOTICE OF PUBLIC MEETING
Village Board of Trustees
Monday, February 16, 2025
6:30 p.m.
This meeting will take place as a virtual meeting. Pease join the meeting from your computer,
tablet or smartphone by visiting
https://us06web.zoom.us/j/85780223030?pwd=ehakb9D7fdVTAg4RkL13dJqFYspFKb.1. You can
also participate via phone by dialing 1 312 626 6799 and use Meeting ID 857 8022 3030# When
asked for your Participant ID, just press #, when asked for the Passcode enter 221.You may also
choose to participate by providing public comment prior to the meeting via email to Village Clerk
Lisa Kalata: [email protected]. If this is a teleconference, virtual or hybrid meeting,
please review the Village of Cottage Grove’s policy.

1. Call To Order
2. Determination Of Quorum And That The Agenda Was Properly Posted
3. Pledge Of Allegiance
4. PUBLIC APPEARANCES-Public's Opportunity To Speak
5. Discuss And Consider The Minutes Of The Village Board Meeting On February 2, 2026.
Documents:
2-2-26 VB MINUTES.PDF
6. Unfinished Business
a. Discuss And Consider Potential Purchase Of 107 E. Cottage Grove Rd In TID #9.
Documents:
OFFER TO PURCHASE.PDF
ADDENDUMS.PDF
b. Discuss And Consider Board Member Involvement/Participation In PAA's Fire/EMS
Study.
7. New Business
a. Discuss And Consider Resolution 2026-04 Re: Authorizing The Issuance And
Establishing Parameters For The Sale Of Not To Exceed $20,355,000 General
Obligation Promissory Notes, Series 2026A.
Documents:

a. Discuss And Consider Resolution 2026-04 Re: Authorizing The Issuance And
Establishing Parameters For The Sale Of Not To Exceed $20,355,000 General
Obligation Promissory Notes, Series 2026A.
Documents:
PRE-SALE REPORT G.O. NOTES SERIES 2026A REVISED.PDF
2026-04 GENERAL OBLIGATION PROMISSORY NOTES, SERIES
2026A.PDF
b. Discuss And Consider Rules Governing Teleconferences And Virtual Attendance At
Meetings.
Documents:
DRAFT - RULES GOVERNING TELECONFERENCES AND VIRTUAL
ATTENDANCE AT MEETINGS -02-16-2026.PDF
8. Reports From Village Boards, Commissions & Committees
a. Utility Commission
Documents:
2-11-26 UTILITY AGENDA.PDF
b. Public Works, Properties And Sustainability Committee
Documents:
2-11-26 PW AGENDA.PDF
c. Plan Commission
Documents:
02-11-2026 PLAN COMMISSION AGENDA.PDF
c.i. Discuss And Consider A Request From Dave Hensiak Of New Tech Golf Carts For
Approval Of A Conditional Use Permit To Allow An ‘Outdoor Display Incidental To
Indoor Sales’ Land Use At 645 Sandpiper Trail.
Documents:
CG_VAR_PC_NEWTECH-CUP_2026-02-12.PDF
CG_NEWTECH-CUP_2026-02-12.PDF
APP_NEWTECHCUP_2025-11-24.PDF
9. Reports From Village Officers
a. Village Attorney
i. Legal briefings/status update.
b. Village Administrator
Documents:
VILLAGE ADMINISTRATOR REPORT - 2.16.26.PDF
PROJECTS, INITIATIVES, AND DEVELOPMENT TRACKER 2.11.26.PDF
c. Assistant Administrator/Finance Director
i. Discuss and consider 2025 budget amendment 2025-012.

VILLAGE ADMINISTRATOR REPORT - 2.16.26.PDF
PROJECTS, INITIATIVES, AND DEVELOPMENT TRACKER 2.11.26.PDF
c. Assistant Administrator/Finance Director
i. Discuss and consider 2025 budget amendment 2025-012.
ii. Discuss and consider 2026 budget amendment 2026-001.
Documents:
2025 BUDGET AMENDMENT (2025-012).PDF
2026 BUDGET AMENDMENT (2026-001).PDF
10. Communications And Miscellaneous Business
a. Consider Approval Of Vouchers
Documents:
PAY APPLICATION 2.PDF
BILLS LIST.PDF
b. Correspondence
c. Upcoming Community Events
d. Future Agenda Items
11. Adjournment

Any item on the agenda is subject to final action. Notice: Persons needing special
accommodations should call 608-839-4704 at least 24 hours prior to the meeting. It is
possible that members of and possibly a quorum of members of other governmental bodies
may attend 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.
Upcoming meetings:
2/18-Library Board
2/19- DGEMS
2/23-Jt. Fire
2/24- LEC
2/26-Parks & Recreation
2/27- Emergency Preparedness

VILLAGE OF COTTAGE GROVE

VILLAGE BOARD OF TRUSTEES
Tuesday, February 2, 2026

MINUTES
1. Call to Order
President Kelm-Nelson called the Village Board of Trustees to order at 6:30 pm. This was a hybrid meeting.

2. Determination of quorum and that the agenda was properly posted.

3.
4.
5.
6.

7.

It was determined that there was a quorum of members present, and that the agenda was properly posted. The
Village Board members present were Cindi Kelm-Nelson, Heidi Murphy, Chris Stoa, Paula Severson, Pete Doll left the
meeting at 7:30 pm and Dr. Rene Buenzow. Staff present were Village Administrator Matt Giese, Assistant
Administrator/Finance Director Cameron Sawyer, Assistant Administrator/HR Manager Inga Cushman, Director of
Planning & Development Erin Ruth, Director of Parks and Recreation Sean Brusegar, Public Works Director Kyela
O’Loughlin, Police Chief Mark Garry, Clerk, Lisa Kalata, EMS Director Eric Lang, and Village Attorney Rick Manthe.
Pledge of Allegiance.
PUBLIC APPEARANCES – Public’s opportunity to speak- John Marick, Catherin Marick, Linda Ande
Discuss and consider the minutes of the Village Board meeting on January 20, 2026.
Motion by Murphy to approve January 20, 2026, meeting minutes, seconded by Kelm-Nelson. Motion carried with a
voice vote of 6-0-0.
New Business
a. Discuss and consider Resolution 2026-02 Re: TID#5 Termination
Motion by Murphy to approve Resolution 2026-02, seconded by Stoa. Motion carried with a voice vote of 6-0-0.
b. Discuss and consider Resolution 2026-03 Re: Black History Month.
Motion by Severson to approve Resolution 2026-03, seconded by Kelm-Nelson. Motion carried with a voice vote
of 6-0-0.
Reports from Village Boards, Commissions & Committees
a. Plan Commission
a.i. Discuss and Consider a request from The Village Board of Trustees for the rezoning parcels #0711091-9180-9, #0711-091-9187-1, #0711-091-9201-3, #0711-091-9210-2, #0711-091-9221-1, #0711-091-9230-8,
#0711-091-9265-7, #0711-091-9275-5, and #0711-091-9194-1 from PB, Planned Business to CB, Central
Business.
Motion by Severson to withdraw the request for the rezoning, seconded by Murphy. Motion carried with a voice
vote of 6-0-0.
b. Emergency Preparedness Committee
Kelm-Nelson reported they appointed a Chair and Vice Chair of the committee. They discussed the plan and
potential ordinance changes. The next meeting is February 22, and they will be forwarding a new plan to the
Village Board.
c. Cottage Grove Fire District Commission
Buenzow reported that the Fire Chief reported that 20% of calls are false alarms. They discussed the fishbowl
chairs, and they tabled until funding is determined. The electric upgrades have been completed. They discussed
the on call for the Town and Village Public Works department. They discussed the amendments needed for the
false alarm ordinance.
c.i. Discuss and consider direction to staff regarding potential amendments to the false alarm ordinance.
Staff direction was given to Chief Garry and Chief Archibald to work with legal on the amendments based on the
staff memo and to exempt medical calls and non-profits.
d. Law Enforcement Committee
Stoa reported they approved the sexting ordinance. Chief gave an overview of the flock cameras. E-bike and
scooter usage and the annual report will be on the next agenda.
d.i. Discuss and Consider Ordinance 03-2026 Re: Sexting Ordinance.
Motion by Severson to approve Ordinance 03-2026, seconded by Murphy. Motion carried with a voice vote of 50-0.
e. Library Board
Kelm-Nelson reported they reviewed the mission, vision and core values. They discussed the programming that is
going out in the mailer this week. Updates on two free little libraries. The all community read is February 3 at
GDS. The next meeting is February 18.
f. Parks, Recreation & Forestry Committee

Murphy reported there was an update on Miracle League playground and Shady Grove Park. The new Guide will
be out on February 18. The next meeting is February 26.
g. Natvig Landfill Monitoring Review Committee
Buenzow reported they approved the bills.
h. Ad Hoc Housing Chapter Update Committee
Severson reported they are working on the housing priorities, strategies, and action items. The next meeting is
February 4.
8. Reports From Village Officers
a. Village Attorney
i. Legal briefings/status update- None
b. Village Administrator
Giese reported an anniversary for Sergeant Frutiger of 21 years. Village Staff helped a resident with her car
key.
c. Assistant Administrator/Finance Director
i. Update on Impact Fee Study and staff direction regarding proposed impact fee amounts.
Staff was directed to use the numbers from the study for the ordinance.
9. Communications And Miscellaneous Business
a. Consider approval of vouchers
Motion by Murphy to approve the vouchers as presented, seconded by Severson. Motion carried with a voice
vote of 5-0-0.
b. Correspondence- The kick-off meeting for the Fire and EMS study was on January 29.
c. Upcoming community events- Community Read February 3, Family Fun Night February 13 at Cottage Grove
School, Night Hike February 7. Police Department Polar Plunge February 14 for Special Olympics.
d. Future agenda items- 107 Cottage Grove Rd property, Flock Camera system, budget amendment
10. Adjournment
Motion by Severson to adjourn at 8:00 p.m., seconded by Murphy. Motion carried with a voice vote of 5-0-0.
Lisa Kalata, Clerk
Village of Cottage Grove
Approved: February 2, 2026
These minutes represent the general subject discussed in this meeting but do not reflect a verbatim documentation of the
subjects and conversations that took place.

Ruedebusch Commercial Investme

Approved by the Wisconsin Real Estate Examining Board
7-1-24 (Optional Use Date) 8-15-24 (Mandatory Use Date)

Page 1 of 11, WB-11

WB-11 RESIDENTIAL OFFER TO PURCHASE
1 LICENSEE DRAFTING THIS OFFER ON

February 6, 2026

[DATE] IS (AGENT OF BUYER)

2 (AGENT OF SELLER/LISTING FIRM) (AGENT OF BUYER AND SELLER) STRIKE THOSE NOT APPLICABLE
3 The Buyer,
Village of Cottage Grove

,
107 East Cottage Grove Road
5
(Tax Parcel #: 112/0711-091-9265-7)
6 in the
Village
Cottage Grove
of
, County
7 of
Dane
Wisconsin (insert additional description, if any, at lines 548-570 or
8 in an addendum per line 592), on the following terms:
9 PURCHASE PRICE The purchase price is Three Hundred Fifty Thousand
10
Dollars ($ 350,000.00
).
11 INCLUDED IN PURCHASE PRICE Included in purchase price is the Property, all Fixtures on the Property as of the date
12 stated on line 1 of this Offer (unless excluded at lines 20-23), and the following additional items: N/A
4 offers to purchase the Property known as [Street Address]

13
14
15

.

16

17 NOTE: The terms of this Offer, not the listing contract or marketing materials, determine what items are included
18 or not included.
19

NOT INCLUDED IN PURCHASE PRICE

Not included in purchase price is Seller’s personal property (unless included at

20 lines 12-16) and the following: N/A
21
22
23
.
24 CAUTION: Identify Fixtures that are on the Property (see lines 26-36) to be excluded by Seller or that are rented
25 (e.g., water softeners or other water treatment systems, LP tanks, etc.) and will continue to be owned by the lessor.
26 “Fixture” is defined as an item of property which is physically attached to or so closely associated with land, buildings or
27 improvements so as to be treated as part of the real estate, including, without limitation, physically attached items not easily
28 removable without damage to the premises, items specifically adapted to the premises and items customarily treated as
29 fixtures, including, but not limited to, all: garden bulbs; plants; shrubs and trees; screen and storm doors and windows;
30 electric lighting fixtures; window shades; curtain and traverse rods; blinds and shutters; central heating and cooling units
31 and attached equipment; water heaters, water softeners and treatment systems; sump pumps; attached or fitted floor
32 coverings; awnings; attached antennas and satellite dishes (but not the component parts); audio/visual wall mounting
33 brackets (but not the audio/visual equipment); garage door openers and remote controls; installed security systems; central
34 vacuum systems and accessories; in-ground sprinkler systems and component parts; built-in appliances; ceiling fans;
35 fences; in-ground pet containment systems, including receiver components; storage buildings on permanent foundations
36 and docks/piers on permanent foundations.
37 CAUTION: Exclude any Fixtures to be retained by Seller or which are rented (e.g., water softeners or other water
38 treatment systems, LP tanks, etc.) on lines 20-23 or at lines 548-570 or in an addendum per line 592).
39 BINDING ACCEPTANCE This Offer is binding upon both Parties only if a copy of the accepted Offer is delivered to Buyer
40 on or before

March 18, 2026

. Seller may keep the

41 Property on the market and accept secondary offers after binding acceptance of this Offer.
42 CAUTION: This Offer may be withdrawn prior to delivery of the accepted Offer.
43 ACCEPTANCE Acceptance occurs when all Buyers and Sellers have signed one copy of the Offer, or separate but identical
44 copies of the Offer.
45 CAUTION: Deadlines

in the Offer are commonly calculated from acceptance. Consider whether short term

46 Deadlines running from acceptance provide adequate time for both binding acceptance and performance.
47
48

CLOSING This transaction is to be closed on

November 18, 2026
at the place selected by Seller,
49 unless otherwise agreed by the Parties in writing. If the date for closing falls on Saturday, Sunday, or a federal or a state
50 holiday, the closing date shall be the next Business Day.
51 CAUTION: To reduce the risk of wire transfer fraud, any wiring instructions received should be independently
52 verified by phone or in person with the title company, financial institution, or entity directing the transfer. The real
53 estate licensees in this transaction are not responsible for the transmission or forwarding of any wiring or money
54 transfer instructions.
Phone: (608)243-9070
Fax: (608)249-2032
Ruedebusch Commercial Investme, 4605 Dovetail Dr Madison WI 53704
Thomas Phillips
Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

107 East Cottage

Property Address: 107

East Cottage Grove Road, Cottage Grove, WI

55 EARNEST MONEY
56
EARNEST MONEY of $

Page 2 of 11, WB-11

53527

accompanies this Offer.

57 If Offer was drafted by a licensee, receipt of the earnest money accompanying this Offer is acknowledged.
58

EARNEST MONEY of $ 5,000.00

will be mailed, or commercially, electronically

59 or personally delivered within
10
days (“5” if left blank) after acceptance.
60 All earnest money shall be delivered to and held by (listing Firm) (drafting Firm) (other identified as
61 First American Title (25 W. Main St, Suite 400, Madison)
) STRIKE THOSE NOT APPLICABLE
62 (listing Firm if none chosen; if no listing Firm, then drafting Firm; if no Firm then Seller).
63 CAUTION: If a Firm does not hold earnest money, an escrow agreement should be drafted by the Parties or an
64 attorney as lines 67-87 do not apply. If someone other than Buyer pays earnest money, consider a special
65 disbursement agreement.
66

THE BALANCE OF PURCHASE PRICE will be paid in cash or equivalent at closing unless otherwise agreed in writing.

67
DISBURSEMENT IF EARNEST MONEY HELD BY A FIRM: If negotiations do not result in an accepted offer and the
68 earnest money is held by a Firm, the earnest money shall be promptly disbursed (after clearance from payer's depository
69 institution if earnest money is paid by check) to the person(s) who paid the earnest money. At closing, earnest money shall
70 be disbursed according to the closing statement. If this Offer does not close, the earnest money shall be disbursed according
71 to a written disbursement agreement signed by all Parties to this Offer. If said disbursement agreement has not been
72 delivered to the Firm holding the earnest money within 60 days after the date set for closing, that Firm may disburse the
73 earnest money: (1) as directed by an attorney who has reviewed the transaction and does not represent Buyer or Seller;
74 (2) into a court hearing a lawsuit involving the earnest money and all Parties to this Offer; (3) as directed by court order; (4)
75 upon authorization granted within this Offer; or (5) any other disbursement required or allowed by law. The Firm may retain
76 legal services to direct disbursement per (1) or to file an interpleader action per (2) and the Firm may deduct from the
77 earnest money any costs and reasonable attorneys’ fees, not to exceed $250, prior to disbursement.
78

LEGAL RIGHTS/ACTION: The Firm’s disbursement of earnest money does not determine the legal rights of the Parties

79 in relation to this Offer. Buyer's or Seller's legal right to earnest money cannot be determined by the Firm holding the earnest
80 money. At least 30 days prior to disbursement per (1), (4) or (5) above, where the Firm has knowledge that either Party
81 disagrees with the disbursement, the Firm shall send Buyer and Seller written notice of the intent to disburse by certified
82 mail. If Buyer or Seller disagrees with the Firm’s proposed disbursement, a lawsuit may be filed to obtain a court order
83 regarding disbursement. Small Claims Court has jurisdiction over all earnest money disputes arising out of the sale of
84 residential property with one-to-four dwelling units. Buyer and Seller should consider consulting attorneys regarding their
85 legal rights under this Offer in case of a dispute. Both Parties agree to hold the Firm harmless from any liability for good
86 faith disbursement of earnest money in accordance with this Offer or applicable Department of Safety and Professional
87 Services regulations concerning earnest money. See Wis. Admin. Code Ch. REEB 18.
88 TIME IS OF THE ESSENCE “Time is of the Essence” as to: (1) earnest money payment(s); (2) binding acceptance; (3)
89 occupancy; (4) date of closing; (5) contingency Deadlines STRIKE AS APPLICABLE and all other dates and Deadlines in
90 this Offer except:N/A
91
. If “Time is of the Essence” applies to a date or Deadline,
92 failure to perform by the exact date or Deadline is a breach of contract. If "Time is of the Essence" does not apply to a date
93 or Deadline, then performance within a reasonable time of the date or Deadline is allowed before a breach occurs.
94 REAL ESTATE CONDITION REPORT Wisconsin law requires owners of property that includes one-to-four dwelling units
95 to provide Buyers with a Real Estate Condition Report. Excluded from this requirement are sales of property that has never
96 been inhabited, sales exempt from the real estate transfer fee, and sales by certain court-appointed fiduciaries, (for example,
97 personal representatives who have never occupied the Property). The form of the Report is found in Wis. Stat. § 709.03.
98 The law provides: "§ 709.02 Disclosure . . . the owner of the property shall furnish, not later than 10 days after acceptance
99 of the contract of sale . . ., to the prospective Buyer of the property a completed copy of the report . . . A prospective Buyer
100 who does not receive a report within the 10 days may, within two business days after the end of that 10-day period, rescind
101 the contract of sale . . . by delivering a written notice of rescission to the owner or the owner's agent." Buyer may also have
102 certain rescission rights if a Real Estate Condition Report disclosing defects is furnished before expiration of the 10 days,
103 but after the Offer is submitted to Seller. Buyer should review the report form or consult with an attorney for additional
104 information regarding rescission rights.
105

PROPERTY CONDITION REPRESENTATIONS Seller represents to Buyer that as of the date of acceptance Seller has

106 no notice or knowledge of Conditions Affecting the Property or Transaction (lines 112-177) other than those identified in
107 Seller's Real Estate Condition Report dated
, which was received by Buyer prior to Buyer signing
108 this Offer and which is made a part of this Offer by reference
109 in
110
111

COMPLETE DATE OR STRIKE AS APPLICABLE and

Addendum B
INSERT CONDITIONS NOT ALREADY INCLUDED IN THE CONDITION REPORT

112 “Conditions Affecting the Property or Transaction” are defined to include:
113 a. Defects in the roof, basement or foundation (including cracks, seepage and bulges), electrical system, or part of the
114 plumbing system (including the water heater, water softener and swimming pool); or basement, window, or plumbing leaks;
Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026

www.zipLogix.com

107 East Cottage

Property Address: 107

East Cottage Grove Road, Cottage Grove, WI

Page 3 of 11, WB-11

53527

115 overflow from sinks, bathtubs, or sewers; or other water or moisture intrusions or conditions.
116 b. Defects in heating and air conditioning system (including the air filters and humidifiers); in a wood burning stove or
117 fireplace; or caused by a fire in a stove or fireplace or elsewhere on the Property.
118 c. Defects related to smoke detectors or carbon monoxide detectors, or a violation of applicable state or local smoke
119 detector or carbon monoxide detector laws.
120 d. Defects in any structure, or mechanical equipment included as Fixtures or personal property.
121 e. Rented items located on the Property such as a water softener or other water conditioner system.
122 f.
Defects caused by unsafe concentrations of, or unsafe conditions on the Property relating to radon, radium in water
123 supplies, lead in paint, soil or water supplies, unsafe levels of mold, asbestos or asbestos-containing materials or other
124 potentially hazardous or toxic substances on the Property; manufacture of methamphetamine or other hazardous or toxic
125 substances on the Property; or high voltage electric (100 KV or greater) or steel natural gas transmission lines located on
126 but not directly serving the Property.
127 NOTE: Specific federal lead paint disclosure requirements must be complied with in the sale of most residential
128 properties built before 1978.
129 g. Defects caused by unsafe concentrations of, unsafe conditions relating to, or the storage of, hazardous or toxic
130 substances on neighboring properties.
131 h. Property is served by a joint well; Defects related to a joint well serving the Property; or Defects in a well on the
132 Property or in a well that serves the Property, including unsafe well water.
133 i.
A septic system or other private sanitary disposal system serves the Property; Defects in the septic system or other
134 sanitary disposal system on the Property; or any out-of-service septic system serving the Property not closed or abandoned
135 according to applicable regulations.
136 j.
Underground or aboveground fuel storage tanks on or previously located on the Property; or Defects in the underground
137 or aboveground fuel storage tanks on or previously located on the Property. (The owner, by law, may have to register the
138 tanks with the Department of Agriculture, Trade and Consumer Protection at P.O. Box 8911, Madison, Wisconsin, 53708,
139 whether the tanks are in use or not. Department regulations may require closure or removal of unused tanks.)
140 k. “LP” tank on the Property (specify in the additional information whether the tank is owned or leased); or Defects in an
141 “LP” tank on the Property.
142 l.
Notice of property tax increases, other than normal annual increases, or pending Property reassessment; remodeling
143 that may increase the Property's assessed value; pending special assessments; or Property is within a special purpose
144 district, such as a drainage district, that has authority to impose assessments.
145 m. Proposed construction of a public project that may affect use of the Property; Property additions or remodeling affecting
146 Property structure or mechanical systems during Seller’s ownership without required permits; or any land division involving
147 the Property without required state or local permits.
148 n. The Property is part of or subject to a subdivision homeowners’ association; or the Property is not a condominium unit
149 and there are common areas associated with the Property that are co-owned with others.
150 o. Any zoning code violations with respect to the Property; the Property or any portion thereof is located in a floodplain,
151 wetland or shoreland zoning area; or the Property is subject to a shoreland mitigation plan required by Wisconsin
152 Department of Natural Resources (DNR) rules that obligates the Property owner to establish or maintain certain measures
153 related to shoreland conditions, enforceable by the county.
154 p. Nonconforming uses of the Property; conservation easements, restrictive covenants or deed restrictions on the
155 Property; or, other than public rights of way, nonowners having rights to use part of the Property, including, but not limited
156 to, private rights-of-way and easements other than recorded utility easements.
157 q. All or part of the Property has been assessed as agricultural land; has been assessed a use-value assessment
158 conversion charge; or payment of a use-value assessment conversion charge has been deferred.
159 r. All or part of the Property is subject to, enrolled in, or in violation of a farmland preservation agreement, Forest Crop
160 Law, Managed Forest Law, the Conservation Reserve Program, or a comparable program.
161 s. A dam is totally or partially located on the Property; or an ownership interest in a dam not located on the Property will
162 be transferred with the Property because the dam is owned by a homeowners’ association, lake district, or similar group of
163 which the Property owner is a member.
164 t.
No legal access to the Property; or boundary or lot line disputes, encroachments or encumbrances (including a joint
165 driveway) affecting the Property.
166 u. Federal, state, or local regulations requiring repairs, alterations or corrections of an existing condition; or any insurance
167 claims relating to damage to the Property within the last five years.
168 v. A pier attached to the Property not in compliance with state or local pier regulations; a written agreement affecting
169 riparian rights related to the Property; or the bed of the abutting navigable waterway is owned by a hydroelectric operator.
170 w. Current or previous termite, powder-post beetle or carpenter ant infestations or Defects caused by animal, reptile, or
171 other insect infestations.
172 x. Structure on the Property designated as an historic building; all or any part of the Property in an historic district; or one
173 or more burial sites on the Property.
174 y. Agreements binding subsequent owners such as a lease agreement or extension of credit from an electric cooperative.
175 z. Owner is a foreign person as defined in the Foreign Investment in Real Property Tax Act in 26 IRC § 1445(f).

Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026

www.zipLogix.com

107 East Cottage

Property Address: 107

East Cottage Grove Road, Cottage Grove, WI

Page 4 of 11, WB-11

53527

176 aa. Other Defects affecting the Property, including, without limitation, drainage easement or grading problems; or
177 excessive sliding, settling, earth movement or upheavals.
178 INSPECTIONS AND TESTING

Buyer may only conduct inspections or tests if specific contingencies are included as a

179 part of this Offer. An “inspection” is defined as an observation of the Property, which does not include an appraisal or testing
180 of the Property, other than testing for leaking carbon monoxide, or testing for leaking LP gas or natural gas used as a fuel
181 source, which are hereby authorized. A “test” is defined as the taking of samples of materials such as soils, water, air or
182 building materials from the Property for laboratory or other analysis of these materials. Seller agrees to allow Buyer’s
183 inspectors, testers and appraisers reasonable access to the Property upon advance notice, if necessary, to satisfy the
184 contingencies in this Offer. Buyer or licensees or both may be present at all inspections and testing. Except as otherwise
185 provided, Seller’s authorization for inspections does not authorize Buyer to conduct testing of the Property.
186 NOTE: Any contingency authorizing testing should specify the areas of the Property to be tested, the purpose of
187 the test (e.g., to determine if environmental contamination is present), any limitations on Buyer's testing and any
188 other material terms of the contingency.
189 Buyer agrees to promptly restore the Property to its original condition after Buyer’s inspections and testing are completed
190 unless otherwise agreed to with Seller. Buyer agrees to promptly provide copies of all inspection and testing reports to
191 Seller. Seller acknowledges that certain inspections or tests may detect environmental pollution which may be required to
192 be reported to the Wisconsin Department of Natural Resources.
193

N/A INSPECTION CONTINGENCY: This contingency only authorizes inspections, not testing (see lines 178-192).

194 (1) This Offer is contingent upon a Wisconsin registered or Wisconsin licensed home inspector performing a home inspection
195
of the Property after the date on line 1 of this Offer that discloses no Defects.
196 (2) This Offer is further contingent upon a qualified independent inspector or independent qualified third party performing an
197
198

inspection of

(list any Property component(s)
to be separately inspected, e.g., swimming pool, roof, foundation, chimney, etc.) which discloses no Defects.
200 (3) Buyer may have follow-up inspections recommended in a written report resulting from an authorized inspection, provided
201
they occur prior to the Deadline specified at line 206. Inspection(s) shall be performed by a qualified independent
202
inspector or independent qualified third party.
203 Buyer shall order the inspection(s) and be responsible for all costs of inspection(s).
204 CAUTION: Buyer should provide sufficient time for the home inspection and/or any specialized inspection(s), as
205 well as any follow-up inspection(s).
206 This contingency shall be deemed satisfied unless Buyer, within
days (“15” if left blank) after acceptance, delivers
207 to Seller a copy of the written inspection report(s) dated after the date on line 1 of this Offer and a written notice listing the
208 Defect(s) identified in those report(s) to which Buyer objects (Notice of Defects).
209 CAUTION: A proposed amendment is not a Notice of Defects and will not satisfy this notice requirement.
210 For the purposes of this contingency, Defects do not include structural, mechanical or other conditions the nature and extent
211 of which Buyer had actual knowledge or written notice before signing this Offer.
212 NOTE: “Defect” as defined on lines 445-447 means a condition that would have a significant adverse effect on the
213 value of the Property; that would significantly impair the health or safety of future occupants of the Property; or
214 that if not repaired, removed or replaced would significantly shorten or adversely affect the expected normal life
215 of the premises.
216
RIGHT TO CURE: Seller (shall)(shall not) STRIKE ONE (“shall” if neither is stricken) have the right to cure the Defects.
217 If Seller has the right to cure, Seller may satisfy this contingency by:
218
(1) delivering written notice to Buyer within
(“10” if left blank) days after Buyer's delivery of the Notice of Defects
219
stating Seller’s election to cure Defects;
220
(2) curing the Defects in a good and workmanlike manner; and
221
(3) delivering to Buyer a written report detailing the work done no later than three days prior to closing.
222 This Offer shall be null and void if Buyer makes timely delivery of the Notice of Defects and written inspection report(s) and:
223
(1) Seller does not have the right to cure; or
224
(2) Seller has the right to cure but:
225
(a) Seller delivers written notice that Seller will not cure; or
226
(b) Seller does not timely deliver the written notice of election to cure.
227 N/A RADON TESTING CONTINGENCY: This Offer is contingent upon Buyer obtaining a current written report of the
228 results of a radon test at the Property performed by a qualified third party in a manner consistent with applicable
229 Environmental Protection Agency (EPA) and Wisconsin Department of Health Services (DHS) protocols and standards
230 indicating an EPA average radon level of less than 4.0 picoCuries per liter (pCi/L), at (Buyer's) (Seller's) STRIKE ONE
231 (“Buyer’s” if neither is stricken) expense.
232 This contingency shall be deemed satisfied unless Buyer, within
days (“20” if left blank) after acceptance delivers
233 to Seller a written copy of the radon test results indicating a radon level of 4.0 pCi/L or higher and written notice objecting to
234 the radon level in the report.
199

Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026

www.zipLogix.com

107 East Cottage

Property Address: 107

235

East Cottage Grove Road, Cottage Grove, WI

Page 5 of 11, WB-11

53527

RIGHT TO CURE: Seller (shall)(shall not) STRIKE ONE (“shall” if neither is stricken) have the right to cure.

236 If Seller has the right to cure, Seller may satisfy this contingency by:

(1) delivering a written notice of Seller's election to cure within 10 days after delivery of Buyer's notice; and,
(2) installing a radon mitigation system in conformance with EPA standards in a good and workmanlike manner and by
239
giving Buyer a report of the work done and a post remediation test report indicating a radon level of less than 4.0 pCi/L
240
no later than three days prior to closing.
241 This Offer shall be null and void if Buyer timely delivers the above written notice and report to Seller and:
242
(1) Seller does not have the right to cure; or
243
(2) Seller has the right to cure but:
244
(a) Seller delivers written notice that Seller will not cure; or
245
(b) Seller does not timely deliver the notice of election to cure.
246 NOTE: For radon information refer to the EPA at epa.gov/radon or the DHS at dhs.wisconsin.gov/radon.
237
238

IF LINE 248 IS NOT MARKED OR IS MARKED N/A LINES 296-307 APPLY.
N/A FINANCING COMMITMENT CONTINGENCY: This Offer is contingent upon Buyer being able to obtain a written
249
[loan type or specific lender, if any] first mortgage loan commitment as described
250 below, within
days after acceptance of this Offer. The financing selected shall be in an amount of not less than
251 $
for a term of not less than
years, amortized over not less than
years. Initial
252 monthly payments of principal and interest shall not exceed $
. Buyer acknowledges that lender’s
253 required monthly payments may also include 1/12th of the estimated net annual real estate taxes, hazard insurance
254 premiums, and private mortgage insurance premiums. The mortgage shall not include a prepayment premium. Buyer agrees
255 to pay discount points in an amount not to exceed
% (“0” if left blank) of the loan. If Buyer is using multiple loan
256 sources or obtaining a construction loan or land contract financing, describe at lines 548-570 or in an addendum attached
257 per line 592. Buyer agrees to pay all customary loan and closing costs, wire fees, and loan origination fees, to promptly
258 apply for a mortgage loan, and to provide evidence of application promptly upon request of Seller. Seller agrees to allow
259 lender’s appraiser access to the Property.
260
LOAN AMOUNT ADJUSTMENT: If the purchase price under this Offer is modified, any financed amount, unless otherwise
261 provided, shall be adjusted to the same percentage of the purchase price as in this contingency and the monthly payments
262 shall be adjusted as necessary to maintain the term and amortization stated above.
263 CHECK AND COMPLETE APPLICABLE FINANCING PROVISION AT LINE 264 or 265.
264
%.
FIXED RATE FINANCING: The annual rate of interest shall not exceed
265
ADJUSTABLE RATE FINANCING: The initial interest rate shall not exceed
%. The initial interest rate
266
shall be fixed for
months, at which time the interest rate may be increased not more than
% (“2” if
267
left blank) at the first adjustment and by not more than
% (“1” if left blank) at each subsequent adjustment.
268
The maximum interest rate during the mortgage term shall not exceed the initial interest rate plus
% (“6” if
269
left blank). Monthly payments of principal and interest may be adjusted to reflect interest changes.
270
SATISFACTION OF FINANCING COMMITMENT CONTINGENCY: If Buyer qualifies for the loan described in this Offer
271 or another loan acceptable to Buyer, Buyer agrees to deliver to Seller a copy of a written loan commitment.
272 This contingency shall be satisfied if, after Buyer’s review, Buyer delivers to Seller a copy of a written loan commitment
273 (even if subject to conditions) that is:
274
(1) signed by Buyer; or
275
(2) accompanied by Buyer’s written direction for delivery.
276 Delivery of a loan commitment by Buyer’s lender or delivery accompanied by a notice of unacceptability shall not satisfy
277 this contingency.
278 CAUTION: The delivered loan commitment may contain conditions Buyer must yet satisfy to obligate the lender to
279 provide the loan. Buyer understands delivery of a loan commitment removes the Financing Commitment
280 Contingency from the Offer and shifts the risk to Buyer if the loan is not funded.
281
SELLER TERMINATION RIGHTS: If Buyer does not deliver a loan commitment on or before the Deadline on line 250.
282 Seller may terminate this Offer if Seller delivers a written notice of termination to Buyer prior to Seller’s Actual Receipt of
283 written loan commitment from Buyer.
284
FINANCING COMMITMENT UNAVAILABILITY: If a financing commitment is not available on the terms stated in this
285 Offer (and Buyer has not already delivered an acceptable loan commitment for other financing to Seller), Buyer shall
286 promptly deliver written notice to Seller of same including copies of lender(s)' rejection letter(s) or other evidence of
287 unavailability.
288 N/A SELLER FINANCING: Seller shall have 10 days after the earlier of:
289
(1) Buyer delivery of written notice of evidence of unavailability as noted in lines 284-287; or
290
(2) the Deadline for delivery of the loan commitment set on line 250
291 to deliver to Buyer written notice of Seller's decision to finance this transaction with a note and mortgage under the same
292 terms set forth in this Offer, and this Offer shall remain in full force and effect, with the time for closing extended accordingly.
293 If Seller's notice is not timely given, the option for Seller to provide financing shall be considered waived. Buyer agrees to
294 cooperate with and authorizes Seller to obtain any credit information reasonably appropriate to determine Buyer's credit
295 worthiness for Seller financing.
247
248

Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026

www.zipLogix.com

107 East Cottage

Property Address: 107

East Cottage Grove Road, Cottage Grove, WI

Page 6 of 11, WB-11

53527

296 IF THIS OFFER IS NOT CONTINGENT ON FINANCING COMMITMENT
297 acceptance, Buyer shall deliver to Seller either:

Within

10

days (“7” if left blank) after

(1) reasonable written verification from a financial institution or third party in control of Buyer’s funds that Buyer has, at
the time of verification, sufficient funds to close; or
(2) a written letter from the Village of Cottage Grove confirming proof of funds to close
on the Property
[Specify documentation Buyer agrees to deliver to Seller].
301
302 If such written verification or documentation is not delivered, Seller has the right to terminate this Offer by delivering written
303 notice to Buyer prior to Seller’s Actual Receipt of a copy of Buyer’s written verification. Buyer may or may not obtain
304 mortgage financing but does not need the protection of a financing commitment contingency. Seller agrees to allow Buyer’s
305 appraiser access to the Property for purposes of an appraisal. Buyer understands and agrees that this Offer is not subject
306 to the appraisal meeting any particular value, unless this Offer is subject to an appraisal contingency, nor does the right of
307 access for an appraisal constitute a financing commitment contingency.
308 N/A APPRAISAL CONTINGENCY: This Offer is contingent upon Buyer or Buyer’s lender having the Property appraised
309 at Buyer’s expense by a Wisconsin licensed or certified independent appraiser who issues an appraisal report dated
310 subsequent to the date stated on line 1 of this Offer, indicating an appraised value for the Property equal to or greater than
311 the agreed upon purchase price.
days after acceptance, delivers to Seller a copy
312 This contingency shall be deemed satisfied unless Buyer, within
313 of the appraisal report indicating an appraised value less than the agreed upon purchase price, and a written notice objecting
314 to the appraised value.
RIGHT TO CURE: Seller (shall)(shall not) STRIKE ONE (“shall” if neither is stricken) have the right to cure.
315
316 If Seller has the right to cure, Seller may satisfy this contingency by delivering written notice to Buyer adjusting the purchase
days (“5” if left blank) after Buyer’s delivery of the appraisal
317 price to the value shown on the appraisal report within
318 report and the notice objecting to the appraised value. Seller and Buyer agree to promptly execute an amendment initiated
319 by either Party after delivery of Seller’s notice, solely to reflect the adjusted purchase price.
320 This Offer shall be null and void if Buyer makes timely delivery of the notice objecting to appraised value and the written
321 appraisal report and:
(1) Seller does not have the right to cure; or
322
(2) Seller has the right to cure but:
323
(a) Seller delivers written notice that Seller will not adjust the purchase price; or
324
(b) Seller does not timely deliver the written notice adjusting the purchase price to the value shown on the appraisal
325
report.
326
327 NOTE: An executed FHA, VA or USDA Amendatory clause may supersede this contingency.
328 N/A CLOSING OF BUYER'S PROPERTY CONTINGENCY: This Offer is contingent upon the closing of the sale of
329 Buyer’s property located at
(the Deadline). If closing does not occur by the Deadline, this
330 no later than
331 Offer shall become null and void unless Buyer delivers to Seller, on or before the Deadline, reasonable written verification
332 from a financial institution or third party in control of Buyer's funds that Buyer has, at the time of verification, sufficient funds
333 to close or proof of bridge loan financing, along with a written notice waiving this contingency. Delivery of verification or
334 proof of bridge loan shall not extend the closing date for this Offer.
335 N/A BUMP CLAUSE: If Seller accepts a bona fide secondary offer, Seller may give written notice to Buyer that another
hours (“72” if
336 offer has been accepted. If Buyer does not deliver to Seller the documentation listed below within
337 left blank) after Buyer's Actual Receipt of said notice, this Offer shall be null and void. Buyer must deliver the following:
(1) Written waiver of the Closing of Buyer's Property Contingency if line 328 is marked;
338
(2) Written waiver of
339
(name other contingencies, if any); and
340
(3) Any of the following checked below:
341
Proof of bridge loan financing.
342
Proof of ability to close from a financial institution or third party in control of Buyer’s funds which shall provide
343
Seller with reasonable written verification that Buyer has, at the time of verification, sufficient funds to close.
344
345 Other:
298
299
300

346
347 [insert other requirements, if any (e.g., payment of additional earnest money, etc.)]
348 N/A SECONDARY OFFER: This Offer is secondary to a prior accepted offer. This Offer shall become primary upon
349 delivery of written notice to Buyer that this Offer is primary. Unless otherwise provided, Seller is not obligated to give Buyer
350 notice prior to any Deadline, nor is any particular secondary buyer given the right to be made primary ahead of other
351 secondary buyers. Buyer may declare this Offer null and void by delivering written notice of withdrawal to Seller prior to
352 delivery of Seller's notice that this Offer is primary. Buyer may not deliver notice of withdrawal earlier than
days (“7”
353 if left blank) after acceptance of this Offer. All other Offer Deadlines that run from acceptance shall run from the time this
354 Offer becomes primary.
355 HOMEOWNERS ASSOCIATION If this Property is subject to a homeowners association, Buyer is aware the Property may
356 be subject to periodic association fees after closing and one-time fees resulting from transfer of the Property. Any one-time
Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026

www.zipLogix.com

107 East Cottage

Property Address: 107

East Cottage Grove Road, Cottage Grove, WI

Page 7 of 11, WB-11

53527

357 fees resulting from transfer of the Property shall be paid at closing by (Seller) (Buyer) STRIKE ONE (“Buyer” if neither is
358 stricken).
359 CLOSING PRORATIONS The following items, if applicable, shall be prorated at closing, based upon date of closing values:
360 real estate taxes, rents, prepaid insurance (if assumed), private and municipal charges, property owners or homeowners
361 association assessments, fuel and none
362

other
.

363 CAUTION: Provide basis for utility charges, fuel or other prorations if date of closing value will not be used.
364 Any income, taxes or expenses shall accrue to Seller, and be prorated at closing, through the day prior to closing.
365 Real estate taxes shall be prorated at closing based on

CHECK BOX FOR APPLICABLE PRORATION FORMULA :
X
The net general real estate taxes for the preceding year, or the current year if available (Net general real estate
taxes are defined as general property taxes after state tax credits and lottery credits are deducted). NOTE: THIS CHOICE
368
APPLIES IF NO BOX IS CHECKED.
369
Current assessment times current mill rate (current means as of the date of closing).
370
Sale price, multiplied by the municipality area-wide percent of fair market value used by the assessor in the prior
371
year, or current year if known, multiplied by current mill rate (current means as of the date of closing).
372
.
373 CAUTION: Buyer is informed that the actual real estate taxes for the year of closing and subsequent years may be
374 substantially different than the amount used for proration especially in transactions involving new construction,
375 extensive rehabilitation, remodeling or area-wide re-assessment. Buyer is encouraged to contact the local
376 assessor regarding possible tax changes.
377
Buyer and Seller agree to re-prorate the real estate taxes, through the day prior to closing based upon the taxes on
378
the actual tax bill for the year of closing, with Buyer and Seller each owing his or her pro-rata share. Buyer shall, within 5
379
days of receipt, forward a copy of the bill to the forwarding address Seller agrees to provide at closing. The Parties shall
380
re-prorate within 30 days of Buyer’s receipt of the actual tax bill. Buyer and Seller agree this is a post-closing obligation
381
and is the responsibility of the Parties to complete, not the responsibility of the real estate Firms in this transaction.
382 TITLE EVIDENCE
383
CONVEYANCE OF TITLE: Upon payment of the purchase price, Seller shall convey the Property by warranty deed
384 (trustee’s deed if Seller is a trust, personal representative’s deed if Seller is an estate or other conveyance as
385 provided herein), free and clear of all liens and encumbrances, except: municipal and zoning ordinances and agreements
386 entered under them, recorded easements for the distribution of utility and municipal services, recorded building and use
387 restrictions and covenants, present uses of the Property in violation of the foregoing disclosed in Seller’s Real Estate
388 Condition Report and in this Offer, general taxes levied in the year of closing and
366
367

389
390
(insert other allowable exceptions from title, if any)
391 that constitutes merchantable title for purposes of this transaction. Seller, at Seller’s cost, shall complete and execute the
392 documents necessary to record the conveyance and pay the Wisconsin Real Estate Transfer Fee.
393 WARNING: Municipal and zoning ordinances, recorded building and use restrictions, covenants and easements
394 may prohibit certain improvements or uses and therefore should be reviewed, particularly if Buyer contemplates
395 making improvements to Property or a use other than the current use.
396
TITLE EVIDENCE: Seller shall give evidence of title in the form of an owner's policy of title insurance in the amount of
397 the purchase price on a current ALTA form issued by an insurer licensed to write title insurance in Wisconsin. Seller shall
398 pay all costs of providing title evidence to Buyer. Buyer shall pay the costs of providing the title evidence required by Buyer’s
399 lender and recording the deed or other conveyance.
400
GAP ENDORSEMENT: Seller shall provide a “gap” endorsement or equivalent gap coverage at (Seller’s)(Buyer’s)
401 STRIKE ONE (“Seller’s” if neither stricken) cost to provide coverage for any liens or encumbrances first filed or recorded

402 after the commitment date of the title insurance commitment and before the deed is recorded, subject to the title insurance
403 policy conditions, exclusions and exceptions, provided the title company will issue the coverage. If a gap endorsement or
404 equivalent gap coverage is not available, Buyer may give written notice that title is not acceptable for closing (see lines 410405 415).
406
DELIVERY OF MERCHANTABLE TITLE: The required title insurance commitment shall be delivered to Buyer's attorney
407 or Buyer not less than 5 business days before closing, showing title to the Property as of a date no more than 15 days
408 before delivery of such title evidence to be merchantable per lines 383-391, subject only to liens that will be paid out of the
409 proceeds of closing and standard title insurance requirements and exceptions.
410
TITLE NOT ACCEPTABLE FOR CLOSING: If title is not acceptable for closing, Buyer shall notify Seller in writing of
411 objections to title by the time set for closing. Seller shall have a reasonable time, but not exceeding 15 days, to remove the
412 objections, and the time for closing shall be extended as necessary for this purpose. If Seller is unable to remove said
413 objections, Buyer shall have five days from receipt of notice thereof, to deliver written notice waiving the objections, and the
414 time for closing shall be extended accordingly. If Buyer does not waive the objections, this Offer shall be null and void.
415 Providing title evidence acceptable for closing does not extinguish Seller's obligations to give merchantable title to Buyer.
416
SPECIAL ASSESSMENTS/OTHER EXPENSES: Special assessments, if any, levied or for work actually commenced
417 prior to the date stated on line 1 of this Offer shall be paid by Seller no later than closing. All other special assessments
Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026

www.zipLogix.com

107 East Cottage

Property Address: 107

East Cottage Grove Road, Cottage Grove, WI

Page 8 of 11, WB-11

53527

418 shall be paid by Buyer. “Levied” means the local municipal governing body has adopted and published a final resolution
419 describing the planned improvements and the assessment of benefits.
420 CAUTION: Consider a special agreement if area assessments, property owners association assessments, special
421 charges for current services under Wis. Stat. § 66.0627 or other expenses are contemplated. “Other expenses” are
422 one-time charges or ongoing use fees for public improvements (other than those resulting in special assessments)
423 relating to curb, gutter, street, sidewalk, municipal water, sanitary and storm water and storm sewer (including all
424 sewer mains and hook-up/connection and interceptor charges), parks, street lighting and street trees, and impact
425 fees for other public facilities, as defined in Wis. Stat. § 66.0617(1)(f).
426 LEASED PROPERTY If Property is currently leased and lease(s) extend beyond closing, Seller shall assign Seller's rights
427 under said lease(s) and transfer all security deposits and prepaid rents thereunder to Buyer at closing. The terms of the
428 (written) (oral) STRIKE ONE lease(s), if any, are will terminate prior to closing and all Tenant and
429 Seller personal property shall be removed prior to closing.
430
. Insert additional terms, if any, at lines 548-570 or attach as an addendum per line 592.
431 DEFINITIONS
432
ACTUAL RECEIPT: “Actual Receipt” means that a Party, not the Party’s recipient for delivery, if any, has the document
433 or written notice physically in the Party’s possession, regardless of the method of delivery. If the document or written notice
434 is electronically delivered, Actual Receipt shall occur when the Party opens the electronic transmission.
435
BUSINESS DAY: “Business Day” means a calendar day other than Saturday, Sunday, any legal public holiday under
436 Wisconsin or Federal law, and any other day designated by the President such that the postal service does not receive
437 registered mail or make regular deliveries on that day.
438
DEADLINES: “Deadlines” expressed as a number of “days” from an event, such as acceptance, are calculated by
439 excluding the day the event occurred and by counting subsequent calendar days. The Deadline expires at Midnight on the
440 last day. Additionally, Deadlines expressed as a specific number of Business Days are calculated in the same manner
441 except that only Business Days are counted while other days are excluded. Deadlines expressed as a specific number of
442 “hours” from the occurrence of an event, such as receipt of a notice, are calculated from the exact time of the event, and by
443 counting 24 hours per calendar day. Deadlines expressed as a specific day of the calendar year or as the day of a specific
444 event, such as closing, expire at Midnight of that day. “Midnight” is defined as 11:59 p.m. Central Time.
445
DEFECT: “Defect” means a condition that would have a significant adverse effect on the value of the Property; that would
446 significantly impair the health or safety of future occupants of the Property; or that if not repaired, removed or replaced would
447 significantly shorten or adversely affect the expected normal life of the premises.
448
FIRM: “Firm” means a licensed sole proprietor broker or a licensed broker business entity.
449
PARTY: “Party” means the Buyer or the Seller; “Parties” refers to both Buyer and Seller.
450
PROPERTY: Unless otherwise stated, “Property” means the real estate described at lines 4-8.
451 INCLUSION OF OPTIONAL PROVISIONS Terms of this Offer that are preceded by an OPEN BOX (
) are part of
452 this offer ONLY if the box is marked such as with an “X”. They are not part of this offer if marked “N/A” or are left blank.
453 PROPERTY DIMENSIONS AND SURVEYS Buyer acknowledges that any land, building or room dimensions, or total
454 acreage or building square footage figures, provided to Buyer by Seller or by a Firm or its agents, may be approximate
455 because of rounding, formulas used or other reasons, unless verified by survey or other means.
456 CAUTION: Buyer should verify total square footage formula, total square footage/acreage figures, and land,
457 building or room dimensions, if material.
458 DISTRIBUTION OF INFORMATION Buyer and Seller authorize the agents of Buyer and Seller to: (i) distribute copies of
459 the Offer to Buyer's lender, appraisers, title insurance companies and any other settlement service providers for the
460 transaction as defined by the Real Estate Settlement Procedures Act (RESPA); (ii) report sales and financing concession
461 data to multiple listing service sold databases; (iii) provide active listing, pending sale, closed sale and financing concession
462 information and data, and related information regarding seller contributions, incentives or assistance, and third party gifts,
463 to appraisers researching comparable sales, market conditions and listings, upon inquiry; and (iv) distribute copies of this
464 Offer to the seller, or seller’s agent, of another property that Seller intends on purchasing.
465 MAINTENANCE Seller shall maintain the Property and all personal property included in the purchase price until the earlier
466 of closing or Buyer’s occupancy, in materially the same condition it was in as of the date on line 1 of this Offer, except for
467 ordinary wear and tear and changes agreed upon by Parties.
468 PROPERTY DAMAGE BETWEEN ACCEPTANCE AND CLOSING

If, prior to closing, the Property is damaged in an

469 amount not more than five percent of the purchase price, other than normal wear and tear, Seller shall promptly notify Buyer
470 in writing, and will be obligated to restore the Property to materially the same condition it was in as of the date on line 1 of
471 this Offer. Seller shall provide Buyer with copies of all required permits and lien waivers for the lienable repairs no later than
472 closing. If the amount of damage exceeds five percent of the purchase price, Seller shall promptly notify Buyer in writing of
473 the damage and this Offer may be terminated at option of Buyer. Should Buyer elect to carry out this Offer despite such
474 damage, Buyer shall be entitled to the insurance proceeds, if any, relating to the damage to the Property, plus a credit
475 towards the purchase price equal to the amount of Seller's deductible on such policy, if any. However, if this sale is financed
476 by a land contract or a mortgage to Seller, any insurance proceeds shall be held in trust for the sole purpose of restoring
Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026

www.zipLogix.com

107 East Cottage

Property Address: 107

East Cottage Grove Road, Cottage Grove, WI

Page 9 of 11, WB-11

53527

477 the Property.
478 BUYER’S PRE-CLOSING WALK-THROUGH Within three days prior to closing, at a reasonable time pre-approved by
479 Seller or Seller's agent, Buyer shall have the right to walk through the Property to determine that there has been no
480 significant change in the condition of the Property, except for ordinary wear and tear and changes agreed upon by Parties,
481 and that any defects Seller has agreed to cure have been repaired in the manner agreed to by the Parties.
482 OCCUPANCY Occupancy of the entire Property shall be given to Buyer at time of closing unless otherwise provided in
483 this Offer at lines 548-570 or in an addendum attached per line 592, or lines 426-430 if the Property is leased. At time of
484 Buyer's occupancy, Property shall be in broom swept condition and free of all debris, refuse, and personal property except
485 for personal property belonging to current tenants, or sold to Buyer or left with Buyer's consent. Occupancy shall be given
486 subject to tenant's rights, if any.
487 DEFAULT Seller and Buyer each have the legal duty to use good faith and due diligence in completing the terms and
488 conditions of this Offer. A material failure to perform any obligation under this Offer is a default that may subject the defaulting
489 party to liability for damages or other legal remedies.
If Buyer defaults, Seller may:
490
(1) sue for specific performance and request the earnest money as partial payment of the purchase price; or
491
(2) terminate the Offer and have the option to: (a) request the earnest money as liquidated damages; or (b) sue for actual
492
damages.
493
If
Seller
defaults, Buyer may:
494
(1)
sue
for
specific performance; or
495
(2)
terminate
the Offer and request the return of the earnest money, sue for actual damages, or both.
496
In
addition,
the
Parties
may seek any other remedies available in law or equity. The Parties understand that the availability
497
of
any
judicial
remedy
will
depend upon the circumstances of the situation and the discretion of the courts. If either Party
498
defaults,
the
Parties
may
renegotiate
the Offer or seek nonjudicial dispute resolution instead of the remedies outlined above.
499
By
agreeing
to
binding
arbitration,
the
Parties may lose the right to litigate in a court of law those disputes covered by the
500
arbitration
agreement.
501
502 NOTE: IF ACCEPTED, THIS OFFER CAN CREATE A LEGALLY ENFORCEABLE CONTRACT. BOTH PARTIES
503 SHOULD READ THIS DOCUMENT CAREFULLY. THE FIRM AND ITS AGENTS MAY PROVIDE A GENERAL
504 EXPLANATION OF THE PROVISIONS OF THE OFFER BUT ARE PROHIBITED BY LAW FROM GIVING ADVICE OR
505 OPINIONS CONCERNING YOUR LEGAL RIGHTS UNDER THIS OFFER OR HOW TITLE SHOULD BE TAKEN AT
506 CLOSING. AN ATTORNEY SHOULD BE CONSULTED IF LEGAL ADVICE IS NEEDED.
507 ENTIRE CONTRACT This Offer, including any amendments to it, contains the entire agreement of the Buyer and Seller
508 regarding the transaction. All prior negotiations and discussions have been merged into this Offer. This agreement binds
509 and inures to the benefit of the Parties to this Offer and their successors in interest.
510 NOTICE ABOUT SEX OFFENDER REGISTRY You may obtain information about the sex offender registry and persons
511 registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at http://www.doc.wi.gov
512 or by telephone at (608) 240-5830.
513 FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (FIRPTA) Section 1445 of the Internal Revenue Code (IRC)
514 provides that a transferee (Buyer) of a United States real property interest must pay or withhold as a tax up to 15% of the
515 total “Amount Realized” in the sale if the transferor (Seller) is a “Foreign Person” and no exception from FIRPTA withholding
516 applies. A “Foreign Person” is a nonresident alien individual, foreign corporation, foreign partnership, foreign trust, or foreign
517 estate. The “Amount Realized” is the sum of the cash paid, the fair market value of other property transferred, and the
518 amount of any liability assumed by Buyer.
519 CAUTION: Under this law if Seller is a Foreign Person, and Buyer does not pay or withhold the tax amount, Buyer
520 may be held directly liable by the U.S. Internal Revenue Service for the unpaid tax and a tax lien may be placed
521 upon the Property.
522 Seller hereby represents that Seller is a non-Foreign Person, unless (1) Seller represents Seller is a Foreign Person in a
523 condition report incorporated in this Offer per lines 105-108, or (2) no later than 10 days after acceptance, Seller delivers
524 notice to Buyer that Seller is a Foreign Person, in which cases the provisions on lines 530-532 apply.
525 IF SELLER IS A NON-FOREIGN PERSON. Seller shall, no later than closing, execute and deliver to Buyer, or a qualified
526 substitute (attorney or title company as stated in IRC § 1445), a sworn certification under penalties of perjury of Seller’s
527 non-foreign status in accordance with IRC § 1445. If Seller fails to timely deliver certification of Seller’s non-foreign status,
528 Buyer shall: (1) withhold the amount required to be withheld pursuant to IRC § 1445; or, (2) declare Seller in default of this
529 Offer and proceed under lines 494-501.
530 IF SELLER IS A FOREIGN PERSON. If Seller has represented that Seller is a Foreign Person, Buyer shall withhold the
531 amount required to be withheld pursuant to IRC § 1445 at closing unless the Parties have amended this Offer regarding
532 amounts to be withheld, any withholding exemption to be applied, or other resolution of this provision.
533 COMPLIANCE WITH FIRPTA. Buyer and Seller shall complete, execute, and deliver, on or before closing, any instrument,
534 affidavit, or statement needed to comply with FIRPTA, including withholding forms. If withholding is required under IRC §
535 1445, and the net proceeds due Seller are not sufficient to satisfy the withholding required in this transaction, Seller shall
Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026

www.zipLogix.com

107 East Cottage

Property Address: 107

East Cottage Grove Road, Cottage Grove, WI

Page 10 of 11, WB-11

53527

536 deliver to Buyer, at closing, the additional funds necessary to satisfy the applicable withholding requirement. Seller also
537 shall pay to Buyer an amount not to exceed $1,000 for actual costs associated with the filing and administration of forms,
538 affidavits, and certificates necessary for FIRPTA withholding and any withholding agent fees.
539 Any representations made by Seller with respect to FIRPTA shall survive the closing and delivery of the deed.
540 Firms, Agents, and Title Companies are not responsible for determining FIRPTA status or whether any FIRPTA exemption
541 applies. The Parties are advised to consult with their respective independent legal counsel and tax advisors regarding
542 FIRPTA.
543
SELLER PAYMENT OF COMPENSATION TO BUYER’S FIRM: Seller agrees to pay to Buyer’s Firm the amount of
544
(e.g., dollar amount, % of purchase price, etc.), toward Buyer’s brokerage
545 fees at closing. Payment made under this provision represents an economic adjustment only and does not create any
546 agency relationship between Buyer’s Firm and Seller, and the Parties agree Buyer’s Firm is a direct and intended third party
547 beneficiary of this contract.
548 ADDITIONAL PROVISIONS/CONTINGENCIES
549
550
551
552
553
554
555
556
557
558
559
560
561
562
563
564
565
566
567
568
569
570
571 DELIVERY OF DOCUMENTS AND WRITTEN NOTICES Unless otherwise stated in this Offer, delivery of documents and
572 written notices to a Party shall be effective only when accomplished by one of the authorized methods specified at lines
573 574-589.
574 (1) Personal: giving the document or written notice personally to the Party, or the Party's recipient for delivery if named at
575 line 576 or 577.
576 Name of Seller's recipient for delivery, if any: Patricia

Bender

577 Name of Buyer's recipient for delivery, if any: Thomas G Phillips
578
(2) Fax: fax transmission of the document or written notice to the following number:
579 Seller: (

)
Buyer: (
)
(3) Commercial: depositing the document or written notice, fees prepaid or charged to an account, with a
581 commercial delivery service, addressed either to the Party, or to the Party's recipient for delivery, for delivery to the Party's
582 address at line 585 or 586.
583
X
(4) U.S. Mail: depositing the document or written notice, postage prepaid, in the U.S. Mail, addressed either to the
584 Party, or to the Party's recipient for delivery, for delivery to the Party's address.
585 Address for Seller: 870 N. Michigan St., Prairie du Chien, WI 53821
586 Address for Buyer: 4605 Dovetail Dr., Madison, WI 53704
587
X
(5) Email: electronically transmitting the document or written notice to the email address.
588 Email Address for Seller: [email protected]
589 Email Address for Buyer: [email protected]
580

590 PERSONAL DELIVERY/ACTUAL RECEIPT

Personal delivery to, or Actual Receipt by, any named Buyer or Seller

591 constitutes personal delivery to, or Actual Receipt by, all Buyers or Sellers.
592 X ADDENDA: The attached
Addendums A, B, & C

is/are made part of this Offer.

593 This Offer was drafted by [Licensee and Firm] Thomas G Phillips - Ruedebusch Commercial Investments,In

Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026

www.zipLogix.com

107 East Cottage

Property Address: 107

594
595
596
597
598
599
600

East Cottage Grove Road, Cottage Grove, WI

Page 11 of 11, WB-11

53527

WIRE FRAUD WARNING! Wire Fraud is a real and serious risk. Never trust wiring instructions
sent via email. Funds wired to a fraudulent account are often impossible to recover.
Criminals are hacking emails and sending fake wiring instructions by impersonating a real estate
agent, Firm, lender, title company, attorney or other source connected to your transaction. These
communications are convincing and professional in appearance but are created to steal your
money. The fake wiring instructions may even be mistakenly forwarded to you by a legitimate
source.

602
603

DO NOT initiate ANY wire transfer until you confirm wiring instructions IN PERSON or by YOU
calling a verified number of the entity involved in the transfer of funds. Never use contact
information provided by any suspicious communication.

604
605

Real estate agents and Firms ARE NOT responsible for the transmission, forwarding, or
verification of any wiring or money transfer instructions.

601

606 (x)
607
Buyer’s Signature

Print Name Here

608 (x)
609
Buyer’s Signature

Print Name Here

Date

Village of Cottage Grove

Date

610 SELLER ACCEPTS THIS OFFER. THE WARRANTIES, REPRESENTATIONS AND COVENANTS MADE IN THIS
611 OFFER SURVIVE CLOSING AND THE CONVEYANCE OF THE PROPERTY. SELLER AGREES TO CONVEY THE
612 PROPERTY ON THE TERMS AND CONDITIONS AS SET FORTH HEREIN AND ACKNOWLEDGES RECEIPT OF A
613 COPY OF THIS OFFER.
614 (x)
615
Seller’s Signature

Print Name Here

616 (x)
617
Seller’s Signature

Print Name Here

Date

Patricia Debower

Date

618 This Offer was presented to Seller by [Licensee and Firm]

Thomas G Phillips - Ruedebusch Commercial Inv

on

619
620 This Offer is rejected
621
Seller Initials

Date

at

This Offer is countered [See attached counter]

Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026

www.zipLogix.com

a.m./p.m.
Seller Initials

Date

107 East Cottage

Addendum A
Additional Offer To Purchase Provisions
DUE DILIGENCE PERIOD
Buyer shall have ninety (90) calendar days to review all materials relating to the Property. The
Due Diligence Period shall start upon mutual execution of the OTP. Buyer shall indemnify,
defend and hold Seller harmless from and against any liability, loss, damage, claim, cost, or
expense, which may result from any entry upon or inspection of the Property by Buyer, its
employees, agents, or contractors. In the event Buyer determines, in its sole discretion, at any
time over the Due Diligence Period, that Buyer is not satisfied with any aspect of the Property or
that the Property is not feasible, then Buyer shall have the right to terminate the OTP by written
notice, delivered to Seller on or before the expiration date of the Due Diligence Period, and the
OTP shall be null and void and the parties shall immediately direct the Title Company to deliver
Earnest Money to Buyer.
VILLAGE BOARDAPPROVAL
The OTP is subject to approval by the Village Board of Trustees of the Village of Cottage Grove,
Wisconsin by March 4, 2026.
SELLER DELIVERIES
Within fifteen (15) days of acceptance, Seller shall deliver to Buyer, for Buyer’s review, the
following items which Seller either has in its possession or which Seller may reasonably be able
to obtain (the “Seller Deliveries”):
A. Real Estate Condition Report
B. Title Commitment issued by the Title Company
C. Testing and inspection reports; floor plans; mechanical plans; construction and
manufacturer’s warranties; copies of building permits and approvals for the
construction of the Property; any surveys of the Property.
D. Copies of any leases or contracts of any nature affecting the Property now in effect.
E. A list of all personal property to be included in the Purchase Price.
F. Copies of any correspondence or notices received by the Seller with regard to the
Property concerning any actual or alleged violations of any laws or government rules
or regulations or any correspondence or notice received by Seller concerning any
threatened actions by any governmental or quasi-governmental agency.
BROKERAGE SERVICES
Thomas Phillips of Ruedebusch Commercial Investments, Inc. (“Buyer’s Agent”) exclusively
represents Buyer. At Closing, Buyer shall be solely responsible for payment of a brokerage fee
to Buyer’s Agent in the amount of three percent (3.0%) of the Purchase Price.

Addendum B
Real Estate Condition Report

Real Estate Condition Report included on the following pages.

Addendum C
Buyer’s Agent Fee
At the Closing the Buyer’s Agent (Thomas G. Phillips – Ruedebusch Commercial Investments,
Inc.) will be paid a commission of 3.0% of the sale price from the Buyer.

February 16, 2026

PRE-SALE REPORT FOR

Village of Cottage Grove, Wisconsin
$20,355,000 General Obligation Promissory Notes,
Series 2026A

Prepared by:

Advisors:

Ehlers
N19W24400 Riverwood Drive,
Suite 100
Waukesha, WI 53188

Greg Johnson, Senior Municipal Advisor
Harry Allen, Senior Municipal Advisor

BUILDING COMMUNITIES. IT’S WHAT WE DO.

EXECUTIVE SUMMARY OF PROPOSED DEBT
Proposed Issue:
$20,355,000 General Obligation Promissory Notes, Series 2026A

Purposes:
The proposed issue includes financing for the following purposes: street, water, and sewer
improvements, and vehicles and equipment. Debt service for water and sewer projects will
be repaid by each utility and the remaining debt service will be paid by the levy.

Authority:
The Notes are being issued pursuant to Wisconsin Statute(s):


67.12(12)

The Notes will be general obligations of the Village for which its full faith, credit and taxing
powers are pledged.
The Notes count against the Village’s General Obligation Debt Capacity Limit of 5% of total
Village Equalized Valuation. At the end of 2026, the Village’s total General Obligation debt
principal outstanding will be approximately $48 million, which is 50% of its limit. Remaining
General Obligation Borrowing Capacity will be approximately $47.9 million.

Term/Call Feature:
The Notes are being issued for a term of 20 years. Principal on the Notes will be due on April
1 in the years 2027 through 2046. Interest will be due every six months beginning April 1, 2027.
The Notes will be subject to prepayment at the discretion of the Village on April 1, 2035 or
any date thereafter.

Bank Qualification:
Because the Village is issuing, or expects to issue, more than $10,000,000 in tax-exempt
obligations during the calendar year, the Village will be not able to designate the Notes as
“bank qualified” obligations.

Rating:
The Village’s most recent bond issues were rated by S&P Global Ratings. The current rating
on those bonds is “AA”. The Village will request a new rating for the Notes.

Presale Report
Village of Cottage Grove, Wisconsin

February 16, 2026
Page 1

Basis for Recommendation:
Based on your objectives, financial situation and need, risk tolerance, liquidity needs,
experience with the issuance of Notes and long-term financial capacity, as well as the tax
status considerations related to the Notes and the structure, timing and other similar matters
related to the Notes, we are recommending the issuance of Notes as a suitable option.

Method of Sale/Placement:
We are recommending the Notes be issued as municipal securities and offered through a
competitive underwriting process. You will solicit competitive bids, which we will compile on
your behalf, for the purchase of the Notes from underwriters and banks.
An allowance for discount bidding will be incorporated in the terms of the issue. The discount
is treated as an interest item and provides the underwriter with all or a portion of their
compensation in the transaction.
If the Notes are purchased at a price greater than the minimum bid amount (maximum
discount), the unused allowance may be used to reduce your borrowing amount.

Premium Pricing:
In some cases, investors in municipal bonds prefer “premium” pricing structures. A premium
is achieved when the coupon for any maturity (the interest rate paid by the issuer) exceeds
the yield to the investor, resulting in a price paid that is greater than the face value of the
bonds. The sum of the amounts paid in excess of face value is considered “reoffering
premium.”
For this issue of Notes, any premium amount received that is in excess of the underwriting
discount and any capitalized interest amounts must be placed in the debt service fund and
used to pay a portion of the interest payments due on the Notes. We anticipate using any
premium amounts received to reduce the issue size.
The amount of premium allowed can be restricted in the bid specifications. Restrictions on
premium may result in fewer bids, but may also eliminate large adjustments on the day of sale
and unintended results with respect to debt service payment impacts. Ehlers will identify
appropriate premium restrictions for the Notes intended to achieve the Village’s objectives
for this financing.

Parameters:
The Village Board will consider adoption of a Parameters Resolution on February 16, 2026,
which delegates authority to the Assistant Administrator/Finance Director or the
Administrator to accept and approve a bid for the Notes so long as the bid meets certain
parameters. These parameters are:
* Issue size not to exceed $20,355,000
* Maximum Bid of 108%
* Minimum Bid of 98.75%

Presale Report
Village of Cottage Grove, Wisconsin

February 16, 2026
Page 2

* Maximum True Interest Cost (TIC) of 4.21%
* Maturity Schedule Adjustments: each maturity may increase up to $1,130,000; maturity in
2027 may be decreased up to $100,000 and maturities in years 2028 to 2046 may be
decreased by up to $400,000

Review of Existing Debt:
We have reviewed all outstanding indebtedness for the Village and find that there are no
refunding opportunities at this time. We will continue to monitor the market and the call dates
for the Village’s outstanding debt and will alert you to any future refunding opportunities.

Continuing Disclosure:
Because the Village has more than $10,000,000 in outstanding debt subject to a continuing
disclosure undertaking (including this issue) and this issue does not meet an available
exemption from continuing disclosure, the Village will be agreeing to provide certain updated
Annual Financial Information and its Audited Financial Statement annually, as well as
providing notices of the occurrence of certain reportable events to the Municipal Securities
Rulemaking Board (the “MSRB”), as required by rules of the Securities and Exchange
Commission (SEC). The Village is already obligated to provide such reports for its existing
bonds, and has contracted with Ehlers to prepare and file the reports.

Arbitrage Monitoring:
The Village must ensure compliance with certain sections of the Internal Revenue Code and
Treasury Regulations (“Arbitrage Rules”) throughout the life of the issue to maintain the taxexempt status of the Notes. These Arbitrage Rules apply to amounts held in construction,
escrow, reserve, debt service account(s), etc., along with related investment income on each
fund/account.
IRS audits will verify compliance with rebate, yield restriction and records retention
requirements within the Arbitrage Rules. The Village’s specific arbitrage responsibilities will
be detailed in the Tax Exemption Certificate (the “Tax Compliance Document”) prepared by
your Bond Attorney and provided at closing.
The Notes may qualify for one or more exception(s) to the Arbitrage Rules by meeting 1) small
issuer exception, 2) spend down requirements, 3) bona fide debt service fund limits, 4)
reasonable reserve requirements, 5) expenditure within an available period limitations, 6)
investments yield restrictions, 7) de minimis rules, or; 8) borrower limited requirements.
An Ehlers arbitrage expert will contact the Village within 30 days after the sale date to
review the Village’s specific responsibilities for the Notes. The Village is currently receiving
arbitrage services from Ehlers in relation to the Notes.

Investment of Note Proceeds:
Ehlers can assist the Village in developing a strategy to invest your Note proceeds until the
funds are needed to pay project costs.

Presale Report
Village of Cottage Grove, Wisconsin

February 16, 2026
Page 3

Risk Factors:
G.O. with Planned Abatement: The issuer is abating all or a portion of G.O. debt service
payments for the issue with water utility revenues and sewer utility revenues. In the event this
revenue is not available, the Village is obligated to levy property taxes in an amount sufficient
to make all debt payments.

Other Service Providers:
This debt issuance will require the engagement of other public finance service providers. This
section identifies those other service providers, so Ehlers can coordinate their engagement
on your behalf. Where you have previously used a particular firm to provide a service, we have
assumed that you will continue that relationship. For services you have not previously
required, we have identified a service provider. Fees charged by these service providers will
be paid from proceeds of the obligation, unless you notify us that you wish to pay them from
other sources. Our pre-sale bond sizing includes a good faith estimate of these fees, but the
final fees may vary. If you have any questions pertaining to the identified service providers or
their role, or if you would like to use a different service provider for any of the listed services
please contact us.
Bond Counsel and Disclosure Counsel: Quarles & Brady LLP
Paying Agent: Bond Trust Services Corporation
Rating Agency: S&P Global Ratings

PROPOSED DEBT ISSUANCE SCHEDULE
Parameters resolution consideration by Village Board:

February 16, 2026

Conference with Rating Agency:

Week of March 9, 2026

Distribute Official Statement:

March 17, 2026

Designated Officials Award Sale of the Notes:

March 24, 2026

Estimated Closing Date:

April 16, 2026

Presale Report
Village of Cottage Grove, Wisconsin

February 16, 2026
Page 4

Attachments
Summary of Existing G.O. Debt
Project List
Estimated Sources and Uses of Funds
Estimated Debt Service Schedule
Tax Impact Analysis
G.O. Debt Capacity Analysis
Water Utility Debt Coverage
Sewer Utility Debt Coverage

EHLERS’ CONTACTS
Greg Johnson, Senior Municipal Advisor

(262) 796-6168

Harry Allen, Senior Municipal Advisor

(262) 796-6182

Sue Porter, Lead Public Finance Analyst

(262) 796-6167

Beth Mueller, Senior Financial Analyst

(651) 697-8553

Presale Report
Village of Cottage Grove, Wisconsin

February 16, 2026
Page 5

Table 1
Existing G.O. Debt
Village of Cottage Grove, WI
Existing Debt
Year
Ending

Total G.O.
Debt
Payments

2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
Total

5,532,422
3,455,943
3,700,125
3,449,829
3,244,324
2,905,699
2,873,287
2,058,547
2,119,491
1,883,294
1,527,844
1,487,166
1,322,422
1,181,650
1,142,550
1,004,400
972,100
469,200
0
40,330,291

Notes:

Fiscal Agent
Charges Contingency

Less:
TID #5

Less:
TID #6

Less:
TID #9

Less:
Sewer

Less:
Water

(764,518)
(761,143)
(761,393)
(765,018)
(762,018)
(762,393)
(762,321)

(298,716)
(291,654)
(301,744)
(187,056)
(187,231)
(167,706)
(158,478)
(154,134)
(154,616)
(145,075)
(145,556)
(140,897)
(106,772)
0

Less:
Less:
Premum Debt Fund

Less:
ERIM

Less:
Less:
TID #5 Surplus Interest income Net Tax Levy

3,400

66,774 (1,586,839) (116,775)
(291,182) (118,550)
(120,175)
(116,725)
0

(126,308) (220,671)
(124,575)
(130,325)
(111,200)
(112,325)
(93,700)
(95,263)
(101,425)
(102,488)
(88,913)
(31,688)
(30,563)
0

(350,000) (100,000)

(200,000)

(3,400)

3,400

66,774 (1,878,021) (472,225) (5,338,801) (2,439,635) (1,148,770) (220,671)

(350,000) (100,000)

(200,000)

(3,400)

1,835,370
1,868,839
2,386,489
2,269,831
2,182,750
1,881,900
1,857,225
1,802,988
1,862,388
1,649,306
1,350,600
1,315,706
1,215,650
1,181,650
1,142,550
1,004,400
972,100
469,200
0
28,248,941

Equalized Value
(TID OUT)
1,185,685,600
1,525,171,414
1,648,015,841
1,748,338,392
1,854,768,053
1,967,676,593
2,087,458,412
2,214,531,919
2,349,340,994
2,492,356,538
2,644,078,117
2,805,035,709
2,975,791,555
3,156,942,119
3,349,120,179
3,552,997,030
3,769,284,833
3,998,739,102
4,242,161,341

Tax Rate
Per $1,000
$1.55
$1.23
$1.45
$1.30
$1.18
$0.96
$0.89
$0.81
$0.79
$0.66
$0.51
$0.47
$0.41
$0.37
$0.34
$0.28
$0.26
$0.12
$0.00

Annual Taxes
$100,000
of Value
$154.79
$122.53
$144.81
$129.83
$117.68
$95.64
$88.97
$81.42
$79.27
$66.17
$51.08
$46.91
$40.85
$37.43
$34.11
$28.27
$25.79
$11.73
$0.00

Legend:
Represents +/- 25% Change over previous year

Year
Ending
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
Total

Table 2
Capital Improvement Plan & Funding Uses
Projects
Police Station (Police)
2027 - Engineering: Ollie Street Reconstruction (Public Works)
2027 - Engineering: Ollie Street Reconstruction (Water)
2027 - Engineering: Ollie Street Reconstruction (Sewer)
2027 - Engineering: CTH N/Main Street Reconstruction (Public Works)
2027 - Engineering: CTH N/Main Street Reconstruction (Water)
2027 - Engineering: CTH N/Main Street Reconstruction (Sewer)
2026 - BB/Buss Bike Path & Damascus Bike Path Impr (Public Works)
2026 - Annual Roads, Street, and Trail Maintenance (Public Works)
2026 - Gaston Water Main Loop (Water)
2026 - Well No. 2 Improvements (Water)1
2026 - Annual Vehicles and Equipment (General)
2026 - Annual Vehicles and Equipment (Fire)
2026 - Annual Vehicles and Equipment (Police)
2026 - Annual Vehicles and Equipment (Public Works)
2026 - Annual Vehicles and Equipment (Parks, Recreation, Forestry)
CIP Costs

Debt Obligations
Fund 412, Levy
Fund 411, Levy
Fund 600, Water
Fund 601, Sewer
Total
Notes:
1. Additional project costs for Well #2 will be included in 2027 financing.

Fund, Repayment
Fund 412, Levy
Fund 412, Levy
Fund 600, Water
Fund 601, Sewer
Fund 412, Levy
Fund 600, Water
Fund 601, Sewer
Fund 412, Levy
Fund 411, Levy
Fund 600, Water
Fund 600, Water
Fund 411, Levy
Fund 411, Levy
Fund 411, Levy
Fund 411, Levy
Fund 411, Levy

2026
Totals
14,581,861 14,581,861
80,000
80,000
110,000
110,000
100,000
100,000
115,000
115,000
115,000
115,000
95,000
95,000
400,000
400,000
1,051,000 1,051,000
1,735,000 1,735,000
1,025,000 1,025,000
62,850
62,850
15,825
15,825
280,000
280,000
250,600
250,600
197,500
197,500
20,214,636 20,214,636

15,176,861 15,176,861
1,857,775
1,857,775
2,985,000
2,985,000
195,000
195,000
20,214,636 20,214,636

Table 3
Sources and Uses
Village of Cottage Grove, WI
2026
G.O. Notes

Fund 412,
Fund 411,
Levy Portion Levy Portion

Fund 600,
Water
Portion

Fund 601,
Sewer
Portion

CIP Projects
Project Costs
Subtotal Project Costs

20,214,636 15,176,861
20,214,636 15,176,861

1,857,775
1,857,775

2,985,000
2,985,000

195,000
195,000

CIP Projects

20,214,636

15,176,861

1,857,775

2,985,000

195,000

72,500
45,000
31,500
35,000
254,438
900
439,338

54,442
33,791
23,654
26,282
191,063
676
329,908

6,661
4,134
2,894
3,215
23,375
83
40,362

10,703
6,643
4,650
5,167
37,563
133
64,859

695
431
302
335
2,438
9
4,209

20,653,974

15,506,769

1,898,137

3,049,859

199,209

(300,000)

(225,236)

(27,571)

(44,300)

(2,894)

1,027

3,467

(566)

(560)

(1,315)

20,355,000

15,285,000

1,870,000

3,005,000

195,000

Estimated Issuance Expenses
Municipal Advisor
Bond Counsel
Disclosure Counsel
Rating Fee
Underwriter's Discount
Paying Agent
Subtotal Issuance Expenses

12.50

TOTAL TO BE FINANCED
Estimated Interest Earnings
.
Rounding
NET ISSUE SIZE

Notes:
1) Investment income based on spend down on file.

Table 4
Allocation of Debt Service - 2026 G.O. Notes
Village of Cottage Grove, WI
Year
Ending

Principal

2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046

45,000
55,000
430,000
455,000
710,000
735,000
765,000
705,000
815,000
845,000
810,000
830,000
860,000
895,000
935,000
980,000
1,025,000
1,075,000
1,130,000
1,185,000

Total

15,285,000

Fund 412, Levy Portion
Est. Rate1
Interest

3.01%
2.93%
2.90%
3.00%
2.93%
2.99%
3.12%
3.15%
3.22%
3.47%
3.63%
3.77%
3.90%
4.06%
4.50%
4.50%
4.50%
4.75%
4.75%
4.75%

Notes:
1) Based on a True Inteest Cost of 4.21%.

Total

870,533
595,241
588,201
575,141
557,914
536,524
513,602
490,564
466,339
438,557
409,195
378,848
346,432
311,494
272,288
229,200
184,088
135,494
83,125
28,144

0
915,533
650,241
1,018,201
1,030,141
1,267,914
1,271,524
1,278,602
1,195,564
1,281,339
1,283,557
1,219,195
1,208,848
1,206,432
1,206,494
1,207,288
1,209,200
1,209,088
1,210,494
1,213,125
1,213,144

8,010,921

23,295,921

Fund 411, Levy Portion
Principal
Interest
Total

0
275,000
310,000
315,000
345,000
115,000
120,000
125,000
130,000
135,000

82,537
52,568
44,044
34,824
25,045
18,271
14,680
10,839
6,778
2,342

0
82,537
327,568
354,044
349,824
370,045
133,271
134,680
135,839
136,778
137,342

1,870,000

291,927

2,161,927

Fund 600, Water Portion
Principal
Interest
Total

55,000
110,000
115,000
120,000
120,000
130,000
130,000
135,000
140,000
145,000
145,000
150,000
160,000
165,000
175,000
185,000
190,000
200,000
210,000
225,000

168,098
112,568
109,289
105,821
102,263
98,562
94,590
90,436
86,056
81,286
76,138
70,679
64,732
58,262
50,975
42,875
34,438
25,413
15,675
5,344

0
223,098
222,568
224,289
225,821
222,263
228,562
224,590
225,436
226,056
226,286
221,138
220,679
224,732
223,262
225,975
227,875
224,438
225,413
225,675
230,344

3,005,000

1,493,496

4,498,496

Fund 601, Sewer Portion
Principal
Interest
Total

10,000
10,000
20,000
20,000
20,000
20,000
20,000
25,000
25,000
25,000

8,661
5,595
5,158
4,568
3,975
3,383
2,772
2,066
1,270
434

0
18,661
15,595
25,158
24,568
23,975
23,383
22,772
27,066
26,270
25,434

195,000

37,881

232,881

Year
Ending

Totals
Interest

Principal (4/1)

Total

2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046

0
110,000
450,000
875,000
910,000
1,195,000
1,000,000
1,035,000
990,000
1,110,000
1,150,000
955,000
980,000
1,020,000
1,060,000
1,110,000
1,165,000
1,215,000
1,275,000
1,340,000
1,410,000

0
1,129,828
765,971
746,691
720,354
689,197
656,740
625,644
593,906
560,442
522,619
485,333
449,527
411,164
369,756
323,263
272,075
218,525
160,906
98,800
33,488

0
1,239,828
1,215,971
1,621,691
1,630,354
1,884,197
1,656,740
1,660,644
1,583,906
1,670,442
1,672,619
1,440,333
1,429,527
1,431,164
1,429,756
1,433,263
1,437,075
1,433,525
1,435,906
1,438,800
1,443,488

Total

20,355,000

9,834,225

30,189,225

Table 5
Financing Plan Tax Impact
Village of Cottage Grove, WI
Existing Debt

Year
Ending

Net Debt
Service
Levy

2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
Total

1,835,370
1,868,839
2,386,489
2,269,831
2,182,750
1,881,900
1,857,225
1,802,988
1,862,388
1,649,306
1,350,600
1,315,706
1,215,650
1,181,650
1,142,550
1,004,400
972,100
469,200
0
0
0
28,248,941

Notes:

2026 G.O. Notes
20,355,000
Equalized Value Dated: 4/16/2026
(TID OUT)
Total Prin. and Int.
1,185,685,600
1,525,171,414
1,648,015,841
1,748,338,392
1,854,768,053
1,967,676,593
2,087,458,412
2,214,531,919
2,349,340,994
2,492,356,538
2,644,078,117
2,805,035,709
2,975,791,555
3,156,942,119
3,349,120,179
3,552,997,030
3,769,284,833
3,998,739,102
4,242,161,341
4,500,401,849
4,774,362,683

Abatements
Less:
Water

0
1,239,828 (223,098)
1,215,971 (222,568)
1,621,691 (224,289)
1,630,354 (225,821)
1,884,197 (222,263)
1,656,740 (228,562)
1,660,644 (224,590)
1,583,906 (225,436)
1,670,442 (226,056)
1,672,619 (226,286)
1,440,333 (221,138)
1,429,527 (220,679)
1,431,164 (224,732)
1,429,756 (223,262)
1,433,263 (225,975)
1,437,075 (227,875)
1,433,525 (224,438)
1,435,906 (225,413)
1,438,800 (225,675)
1,443,488 (230,344)
30,189,225 (4,498,496)

Less:
Sewer

(18,661)
(15,595)
(25,158)
(24,568)
(23,975)
(23,383)
(22,772)
(27,066)
(26,270)
(25,434)
0
0
0
0
0
0
0
0
0
0
(232,881)

Proposed Debt
Debt Service Levy
Total
Levy Change
Net Debt
from Prior
Service Levy
Year
1,835,370
2,866,909
3,364,298
3,642,075
3,562,715
3,519,859
3,262,021
3,216,270
3,193,791
3,067,423
2,771,499
2,534,901
2,424,498
2,388,082
2,349,044
2,211,688
2,181,300
1,678,288
1,210,494
1,213,125
1,213,144
53,706,789

1,031,540
497,388
277,777
(79,361)
(42,856)
(257,838)
(45,751)
(22,479)
(126,368)
(295,924)
(236,598)
(110,403)
(36,416)
(39,039)
(137,356)
(30,388)
(503,013)
(467,794)
2,631
19

Total Tax
Rate for
Debt Service
$1.55
$1.88
$2.04
$2.08
$1.92
$1.79
$1.56
$1.45
$1.36
$1.23
$1.05
$0.90
$0.81
$0.76
$0.70
$0.62
$0.58
$0.42
$0.29
$0.27
$0.25

Taxes
Annual Taxes Annual Taxes
$100,000
2026 Note
of Value
Only
$155
$188
$204
$208
$192
$179
$156
$145
$136
$123
$105
$90
$81
$76
$70
$62
$58
$42
$29
$27
$25
2,352

$65
$59
$78
$74
$83
$67
$64
$57
$57
$54
$43
$41
$38
$36
$34
$32
$30
$29
$27
$25
995

Year
Ending
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
Total

Table 6
General Obligation Debt Capacity Analysis - Impact of Financing Plan
Village of Cottage Grove, WI
Existing Debt
Year
Ending

Projected
Equalized
Value (TID IN)1

Debt Limit

2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046

1,545,983,000
1,920,306,989
2,117,311,884
2,283,885,106
2,452,776,261
2,634,156,758
2,828,950,172
3,038,148,376
3,262,816,591
3,504,098,808
3,763,223,619
4,041,510,465
4,340,376,362
4,661,343,111
5,006,045,049
5,376,237,371
5,773,805,067
6,200,772,520
6,659,313,815
7,151,763,807
7,680,630,013
8,248,605,377

77,299,150
96,015,349
105,865,594
114,194,255
122,638,813
131,707,838
141,447,509
151,907,419
163,140,830
175,204,940
188,161,181
202,075,523
217,018,818
233,067,156
250,302,252
268,811,869
288,690,253
310,038,626
332,965,691
357,588,190
384,031,501
412,430,269

Existing
Principal
Outstanding

% of Limit

31,711,521
27,716,794
25,331,334
22,595,000
19,995,000
17,490,000
15,220,000
12,885,000
11,285,000
9,560,000
8,010,000
6,765,000
5,515,000
4,385,000
3,355,000
2,325,000
1,395,000
460,000

41.02%
28.87%
23.93%
19.79%
16.30%
13.28%
10.76%
8.48%
6.92%
5.46%
4.26%
3.35%
2.54%
1.88%
1.34%
0.86%
0.48%
0.15%

2026 G.O. Notes

20,355,000
20,245,000
19,795,000
18,920,000
18,010,000
16,815,000
15,815,000
14,780,000
13,790,000
12,680,000
11,530,000
10,575,000
9,595,000
8,575,000
7,515,000
6,405,000
5,240,000
4,025,000
2,750,000
1,410,000
0

Proposed Debt
Combined Principal
Existing
& Proposed
% of Limit
$31,711,521
$48,071,794
$45,576,334
$42,390,000
$38,915,000
$35,500,000
$32,035,000
$28,700,000
$26,065,000
$23,350,000
$20,690,000
$18,295,000
$16,090,000
$13,980,000
$11,930,000
$9,840,000
$7,800,000
$5,700,000
$4,025,000
$2,750,000
$1,410,000
$0

41.02%
50.07%
43.05%
37.12%
31.73%
26.95%
22.65%
18.89%
15.98%
13.33%
11.00%
9.05%
7.41%
6.00%
4.77%
3.66%
2.70%
1.84%
1.21%
0.77%
0.37%
0.00%

Year
Residual Capacity Ending
$45,587,629
$47,943,556
$60,289,260
$71,804,255
$83,723,813
$96,207,838
$109,412,509
$123,207,419
$137,075,830
$151,854,940
$167,471,181
$183,780,523
$200,928,818
$219,087,156
$238,372,252
$258,971,869
$280,890,253
$304,338,626
$328,940,691
$354,838,190
$382,621,501
$412,430,269

2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046

Table 7
Water Utility Debt Coverage
Village of Cottage Grove, WI
Revenue Debt Coverage

Year

Existing Debt

Total

2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046

272,829
272,790
272,750
272,710
272,669
272,627
272,584
272,541
106,420
106,406
63,364

272,829
272,790
272,750
272,710
272,669
272,627
272,584
272,541
106,420
106,406
63,364

Total

2,457,689

2,457,689

All in Debt Coverage

Debt Coverage Existing Revenue
$850,335
2025 Net Revenues
3.12
3.12
3.12
3.12
3.12
3.12
3.12
3.12
7.99
7.99
13.42

Existing G.O.

Proposed G.O.

Total

272,829
272,790
272,750
272,710
272,669
272,627
272,584
272,541
106,420
106,406
63,364

126,308
124,575
130,325
111,200
112,325
93,700
95,263
101,425
102,488
88,913
31,688
30,563

0
223,098
222,568
224,289
225,821
222,263
228,562
224,590
225,436
226,056
226,286
221,138
220,679
224,732
223,262
225,975
227,875
224,438
225,413
225,675
230,344

399,136
620,462
625,643
608,198
610,815
588,590
596,408
598,556
434,343
421,374
321,337
251,701
220,679
224,732
223,262
225,975
227,875
224,438
225,413
225,675
230,344

2,457,689

1,148,770

4,498,496

8,104,954

Notes:
1. All in coverage net revneues reduced by the amount of the PILOT.

Debt Coverage
Year
543,736
2025 Net Revenues
1.36
0.88
0.87
0.89
0.89
0.92
0.91
0.91
1.25
1.29
1.69
2.16
2.46
2.42
2.44
2.41
2.39
2.42
2.41
2.41
2.36

2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
Total

Table 8
Sewer Utility Debt Coverage
Village of Cottage Grove, WI
All in Debt Coverage

Year

Existing G.O.

Proposed G.O.

Total

2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038

298,716
291,654
301,744
187,056
187,231
167,706
158,478
154,134
154,616
145,075
145,556
140,897
106,772

0
18,661
15,595
25,158
24,568
23,975
23,383
22,772
27,066
26,270
25,434

298,716
310,315
317,338
212,214
211,799
191,681
181,861
176,906
181,682
171,345
170,990
140,897
106,772

Total

2,439,635

232,881

2,672,517

Notes:

Debt Coverage
Year
893,306
2025 Net Revenues
2.99
2.88
2.81
4.21
4.22
4.66
4.91
5.05
4.92
5.21
5.22
6.34
8.37

2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
Total

RESOLUTION 2026-04
Resolution Authorizing the Issuance and Establishing
Parameters for the Sale of Not to Exceed $20,355,000 General
Obligation Promissory Notes, Series 2026A
WHEREAS, the Village Board hereby finds and determines that it is necessary,
desirable and in the best interest of the Village of Cottage Grove, Dane County,
Wisconsin (the "Village") to raise funds for public purposes, including paying the cost of
street and trail improvements, water and sewer improvements, park improvements,
police station projects and acquiring vehicles and equipment for various departments
(collectively, the "Project");
WHEREAS, the Village Board hereby finds and determines that the Project is
within the Village's power to undertake and therefore serves a "public purpose" as that
term is defined in Section 67.04(1)(b), Wisconsin Statutes;
WHEREAS, the Village is authorized by the provisions of Section 67.12(12),
Wisconsin Statutes, to borrow money and issue general obligation promissory notes
(the "Notes") for such public purposes;
WHEREAS, it is the finding of the Village Board that it is in the best interest of the
Village to direct its financial advisor, Ehlers & Associates, Inc. ("Ehlers"), to take the
steps necessary for the Village to offer and sell the Notes at public sale and to obtain
bids for the purchase of the Notes; and
WHEREAS, in order to facilitate the sale of the Notes in a timely manner, the
Village Board hereby finds and determines that it is necessary, desirable and in the best
interest of the Village to delegate to the Assistant Administrator/Finance Director or the
Village Administrator (each an "Authorized Officer") of the Village the authority to accept
on behalf of the Village the bid for the Notes that results in the lowest true interest cost
for the Notes (the "Proposal") and meets the terms and conditions provided for in this
Resolution by executing a certificate in substantially the form attached hereto as Exhibit
A and incorporated herein by reference (the "Approving Certificate").
NOW, THEREFORE, BE IT RESOLVED by the Village Board of the Village that:
Section 1. Authorization and Sale of the Notes; Parameters. For the purpose of
paying costs of the Project, the Village is authorized to borrow pursuant to Section
67.12(12), Wisconsin Statutes, the principal sum of not to exceed TWENTY MILLION
QB\100735434.1

THREE HUNDRED FIFTY-FIVE THOUSAND DOLLARS ($20,355,000) upon the terms
and subject to the conditions set forth in this Resolution. Subject to satisfaction of the
condition set forth in Section 16 of this Resolution, the President and Village Clerk are
hereby authorized, empowered and directed to make, execute, issue and sell to the
financial institution that submitted the Proposal (the "Purchaser") for, on behalf of and in
the name of the Village, Notes aggregating the principal amount of not to exceed
TWENTY MILLION THREE HUNDRED FIFTY-FIVE THOUSAND DOLLARS
($20,355,000). The purchase price to be paid to the Village for the Notes shall not be
less than 98.75% nor more than 108.0% of the principal amount of the Notes.
Section 2. Terms of the Notes. The Notes shall be designated "General
Obligation Promissory Notes, Series 2026A"; shall be issued in the aggregate principal
amount of up to $20,355,000; shall be dated as of their date of issuance; shall be in the
denomination of $5,000 or any integral multiple thereof; shall be numbered R-1 and
upward; and mature or be subject to mandatory redemption on the dates and in the
principal amounts set forth below, provided that (a) the principal amount of each
maturity or mandatory redemption amount may be increased by up to $1,130,000 per
maturity or mandatory redemption amount, (b) the principal amount of the 2027 maturity
or mandatory redemption amount may be decreased by up to $100,000 and (c) the
principal amounts of the 2028 through 2046 maturities or mandatory redemption
amounts may be decreased by up to $400,000. The aggregate principal amount of the
Notes shall not exceed $20,355,000. The schedule below assumes the Notes are
issued in the aggregate principal amount of $20,355,000.
Date
04-01-2027
04-01-2028
04-01-2029
04-01-2030
04-01-2031
04-01-2032
04-01-2033
04-01-2034
04-01-2035
04-01-2036
04-01-2037
04-01-2038
04-01-2039
04-01-2040
04-01-2041
04-01-2042
04-01-2043
04-01-2044
04-01-2045
04-01-2046

Principal Amount
$ 110,000
450,000
875,000
910,000
1,195,000
1,000,000
1,035,000
990,000
1,110,000
1,150,000
955,000
980,000
1,020,000
1,060,000
1,110,000
1,165,000
1,215,000
1,275,000
1,340,000
1,410,000

-2QB\100735434.1

Interest shall be payable semi-annually on April 1 and October 1 of each year
commencing on April 1, 2027. The true interest cost on the Notes (computed taking the
Purchaser's compensation into account) shall not exceed 4.21%. Interest shall be
computed upon the basis of a 360-day year of twelve 30-day months and will be
rounded pursuant to the rules of the Municipal Securities Rulemaking Board.
Section 3. Redemption Provisions. The Notes shall be subject to optional
redemption as set forth on the Approving Certificate. If the Proposal specifies that
certain of the Notes shall be subject to mandatory redemption, the terms of such
mandatory redemption shall be set forth on an attachment to the Approving Certificate
labeled as Schedule MRP. Upon the optional redemption of any of the Notes subject to
mandatory redemption, the principal amount of such Notes so redeemed shall be
credited against the mandatory redemption payments established in the Approving
Certificate in such manner as the Village shall direct.
Section 4. Form of the Notes. The Notes shall be issued in registered form and
shall be executed and delivered in substantially the form attached hereto as Exhibit B
and incorporated herein by this reference.
Section 5. Tax Provisions.
(A) Direct Annual Irrepealable Tax Levy. For the purpose of paying the
principal of and interest on the Notes as the same becomes due, the full faith, credit and
resources of the Village are hereby irrevocably pledged, and there is hereby levied upon
all of the taxable property of the Village a direct annual irrepealable tax in the years
2026 through 2045 for the payments due in the years 2027 through 2046 in the
amounts as are sufficient to meet the principal and interest payments when due.
(B) Tax Collection. So long as any part of the principal of or interest on
the Notes remains unpaid, the Village shall be and continue without power to repeal
such levy or obstruct the collection of said tax until all such payments have been made
or provided for. After the issuance of the Notes, said tax shall be, from year to year,
carried onto the tax roll of the Village and collected in addition to all other taxes and in
the same manner and at the same time as other taxes of the Village for said years are
collected, except that the amount of tax carried onto the tax roll may be reduced in any
year by the amount of any surplus money in the Debt Service Fund Account created
below.
(C) Additional Funds. If at any time there shall be on hand insufficient
funds from the aforesaid tax levy to meet principal and/or interest payments on said
Notes when due, the requisite amounts shall be paid from other funds of the Village
then available, which sums shall be replaced upon the collection of the taxes herein
levied.

Section 6. Segregated Debt Service Fund Account.
-3QB\100735434.1

(A) Creation and Deposits. There shall be and there hereby is
established in the treasury of the Village, if one has not already been created, a debt
service fund, separate and distinct from every other fund, which shall be maintained in
accordance with generally accepted accounting principles. Debt service or sinking
funds established for obligations previously issued by the Village may be considered as
separate and distinct accounts within the debt service fund.

Within the debt service fund, there hereby is established a separate and distinct
account designated as the "Debt Service Fund Account for General Obligation
Promissory Notes, Series 2026A" (the "Debt Service Fund Account") and such account
shall be maintained until the indebtedness evidenced by the Notes is fully paid or
otherwise extinguished. There shall be deposited into the Debt Service Fund Account
(i) all accrued interest received by the Village at the time of delivery of and payment for
the Notes; (ii) any premium which may be received by the Village above the par value of
the Notes and accrued interest thereon; (iii) all money raised by the taxes herein levied
and any amounts appropriated for the specific purpose of meeting principal of and
interest on the Notes when due; (iv) such other sums as may be necessary at any time
to pay principal of and interest on the Notes when due; (v) surplus monies in the
Borrowed Money Fund as specified below; and (vi) such further deposits as may be
required by Section 67.11, Wisconsin Statutes.

(B) Use and Investment. No money shall be withdrawn from the Debt
Service Fund Account and appropriated for any purpose other than the payment of
principal of and interest on the Notes until all such principal and interest has been paid
in full and the Notes canceled; provided (i) the funds to provide for each payment of
principal of and interest on the Notes prior to the scheduled receipt of taxes from the
next succeeding tax collection may be invested in direct obligations of the United States
of America maturing in time to make such payments when they are due or in other
investments permitted by law; and (ii) any funds over and above the amount of such
principal and interest payments on the Notes may be used to reduce the next
succeeding tax levy, or may, at the option of the Village, be invested by purchasing the
Notes as permitted by and subject to Section 67.11(2)(a), Wisconsin Statutes, or in
permitted municipal investments under the pertinent provisions of the Wisconsin
Statutes ("Permitted Investments"), which investments shall continue to be a part of the
Debt Service Fund Account. Any investment of the Debt Service Fund Account shall at
all times conform with the provisions of the Internal Revenue Code of 1986, as
amended (the "Code") and any applicable Treasury Regulations (the "Regulations").
-4QB\100735434.1

(C) Remaining Monies. When all of the Notes have been paid in full and
canceled, and all Permitted Investments disposed of, any money remaining in the Debt
Service Fund Account shall be transferred and deposited in the general fund of the
Village, unless the Village Board directs otherwise.

Section 7. Proceeds of the Notes; Segregated Borrowed Money Fund. The
proceeds of the Notes (the "Note Proceeds") (other than any premium and accrued
interest which must be paid at the time of the delivery of the Notes into the Debt Service
Fund Account created above) shall be deposited into a special fund (the "Borrowed
Money Fund") separate and distinct from all other funds of the Village and disbursed
solely for the purpose or purposes for which borrowed. Monies in the Borrowed Money
Fund may be temporarily invested in Permitted Investments. Any monies, including any
income from Permitted Investments, remaining in the Borrowed Money Fund after the
purpose or purposes for which the Notes have been issued have been accomplished,
and, at any time, any monies as are not needed and which obviously thereafter cannot
be needed for such purpose(s) shall be deposited in the Debt Service Fund Account.
Section 8. No Arbitrage. All investments made pursuant to this Resolution shall
be Permitted Investments, but no such investment shall be made in such a manner as
would cause the Notes to be "arbitrage bonds" within the meaning of Section 148 of the
Code or the Regulations and an officer of the Village, charged with the responsibility for
issuing the Notes, shall certify as to facts, estimates, circumstances and reasonable
expectations in existence on the date of delivery of the Notes to the Purchaser which
will permit the conclusion that the Notes are not "arbitrage bonds," within the meaning of
the Code or Regulations.
Section 9. Compliance with Federal Tax Laws. (a) The Village represents and
covenants that the projects financed by the Notes and the ownership, management and
use of the projects will not cause the Notes to be "private activity bonds" within the
meaning of Section 141 of the Code. The Village further covenants that it shall comply
with the provisions of the Code to the extent necessary to maintain the tax-exempt
status of the interest on the Notes including, if applicable, the rebate requirements of
Section 148(f) of the Code. The Village further covenants that it will not take any action,
omit to take any action or permit the taking or omission of any action within its control
(including, without limitation, making or permitting any use of the proceeds of the Notes)
if taking, permitting or omitting to take such action would cause any of the Notes to be
an arbitrage bond or a private activity bond within the meaning of the Code or would
otherwise cause interest on the Notes to be included in the gross income of the
recipients thereof for federal income tax purposes. The Village Clerk or other officer of
the Village charged with the responsibility of issuing the Notes shall provide an
-5QB\100735434.1

appropriate certificate of the Village certifying that the Village can and covenanting that
it will comply with the provisions of the Code and Regulations.

(b)
The Village also covenants to use its best efforts to meet the requirements
and restrictions of any different or additional federal legislation which may be made
applicable to the Notes provided that in meeting such requirements the Village will do so
only to the extent consistent with the proceedings authorizing the Notes and the laws of
the State of Wisconsin and to the extent that there is a reasonable period of time in
which to comply.

Section 10. Execution of the Notes; Closing; Professional Services. The Notes
shall be issued in printed form, executed on behalf of the Village by the manual or
facsimile signatures of the President and Village Clerk, authenticated, if required, by the
Fiscal Agent (defined below), sealed with its official or corporate seal, if any, or a
facsimile thereof, and delivered to the Purchaser upon payment to the Village of the
purchase price thereof, plus accrued interest to the date of delivery (the "Closing"). The
facsimile signature of either of the officers executing the Notes may be imprinted on the
Notes in lieu of the manual signature of the officer but, unless the Village has contracted
with a fiscal agent to authenticate the Notes, at least one of the signatures appearing on
each Note shall be a manual signature. In the event that either of the officers whose
signatures appear on the Notes shall cease to be such officers before the Closing, such
signatures shall, nevertheless, be valid and sufficient for all purposes to the same extent
as if they had remained in office until the Closing. The aforesaid officers are hereby
authorized and directed to do all acts and execute and deliver the Notes and all such
documents, certificates and acknowledgements as may be necessary and convenient to
effectuate the Closing. The Village hereby authorizes the officers and agents of the
Village to enter into, on its behalf, agreements and contracts in conjunction with the
Notes, including but not limited to agreements and contracts for legal, trust, fiscal
agency, disclosure and continuing disclosure, and rebate calculation services. Any
such contract heretofore entered into in conjunction with the issuance of the Notes is
hereby ratified and approved in all respects.
Section 11. Payment of the Notes; Fiscal Agent. The principal of and interest on
the Notes shall be paid by Bond Trust Services Corporation, which is hereby appointed
as the Village's registrar and fiscal agent pursuant to the provisions of Section 67.10(2),
Wisconsin Statutes (the "Fiscal Agent"). The Village hereby authorizes the President
and Village Clerk or other appropriate officers of the Village to enter into a Fiscal Agency
Agreement between the Village and the Fiscal Agent. Such contract may provide,
among other things, for the performance by the Fiscal Agent of the functions listed in
Wis. Stats. Sec. 67.10(2)(a) to (j), where applicable, with respect to the Notes.

-6QB\100735434.1

Section 12. Persons Treated as Owners; Transfer of Notes. The Village shall
cause books for the registration and for the transfer of the Notes to be kept by the Fiscal
Agent. The person in whose name any Note shall be registered shall be deemed and
regarded as the absolute owner thereof for all purposes and payment of either principal
or interest on any Note shall be made only to the registered owner thereof. All such
payments shall be valid and effectual to satisfy and discharge the liability upon such
Note to the extent of the sum or sums so paid.
Any Note may be transferred by the registered owner thereof by surrender of the
Note at the office of the Fiscal Agent, duly endorsed for the transfer or accompanied by
an assignment duly executed by the registered owner or his attorney duly authorized in
writing. Upon such transfer, the President and Village Clerk shall execute and deliver in
the name of the transferee or transferees a new Note or Notes of a like aggregate
principal amount, series and maturity and the Fiscal Agent shall record the name of
each transferee in the registration book. No registration shall be made to bearer. The
Fiscal Agent shall cancel any Note surrendered for transfer.
The Village shall cooperate in any such transfer, and the President and Village
Clerk are authorized to execute any new Note or Notes necessary to effect any such
transfer.
Section 13. Record Date. The 15th day of the calendar month next preceding
each interest payment date shall be the record date for the Notes (the "Record Date").
Payment of interest on the Notes on any interest payment date shall be made to the
registered owners of the Notes as they appear on the registration book of the Village at
the close of business on the Record Date.
Section 14. Utilization of The Depository Trust Company Book-Entry-Only
System. In order to make the Notes eligible for the services provided by The Depository
Trust Company, New York, New York ("DTC"), the Village agrees to the applicable
provisions set forth in the Blanket Issuer Letter of Representations, which the Village
Clerk or other authorized representative of the Village is authorized and directed to
execute and deliver to DTC on behalf of the Village to the extent an effective Blanket
Issuer Letter of Representations is not presently on file in the Village Clerk's office.
Section 15. Payment of Issuance Expenses. The Village authorizes the
Purchaser to forward the amount of the proceeds of the Notes allocable to the payment
of issuance expenses to a financial institution selected by Ehlers at Closing for further
distribution as directed by Ehlers.
Section 16. Condition on Issuance and Sale of the Notes. The issuance of the
Notes and the sale of the Notes to the Purchaser are subject to approval by an
Authorized Officer of the principal amount, definitive maturities, redemption provisions,
interest rates and purchase price for the Notes, which approval shall be evidenced by
execution by an Authorized Officer of the Approving Certificate.

-7QB\100735434.1

The Notes shall not be issued, sold or delivered until this condition is satisfied.
Upon satisfaction of this condition, an Authorized Officer is authorized to execute a
Proposal with the Purchaser providing for the sale of the Notes to the Purchaser.
Section 17. Official Statement. The Village Board hereby directs an Authorized
Officer to approve the Preliminary Official Statement with respect to the Notes and
deem the Preliminary Official Statement as "final" as of its date for purposes of SEC
Rule 15c2-12 promulgated by the Securities and Exchange Commission pursuant to the
Securities and Exchange Act of 1934 (the "Rule"). All actions taken by an Authorized
Officer or other officers of the Village in connection with the preparation of such
Preliminary Official Statement and any addenda to it or final Official Statement are
hereby ratified and approved. In connection with the Closing, the appropriate Village
official shall certify the Preliminary Official Statement and any addenda or final Official
Statement. The Village Clerk shall cause copies of the Preliminary Official Statement
and any addenda or final Official Statement to be distributed to the Purchaser.
Section 18. Undertaking to Provide Continuing Disclosure. The Village hereby
covenants and agrees, for the benefit of the owners of the Notes, to enter into a written
undertaking (the "Undertaking") if required by the Rule to provide continuing disclosure
of certain financial information and operating data and timely notices of the occurrence
of certain events in accordance with the Rule. The Undertaking shall be enforceable by
the owners of the Notes or by the Purchaser on behalf of such owners (provided that
the rights of the owners and the Purchaser to enforce the Undertaking shall be limited to
a right to obtain specific performance of the obligations thereunder and any failure by
the Village to comply with the provisions of the Undertaking shall not be an event of
default with respect to the Notes).
To the extent required under the Rule, the President and Village Clerk, or other
officer of the Village charged with the responsibility for issuing the Notes, shall provide a
Continuing Disclosure Certificate for inclusion in the transcript of proceedings, setting
forth the details and terms of the Village's Undertaking.
Section 19. Record Book. The Village Clerk shall provide and keep the
transcript of proceedings as a separate record book (the "Record Book") and shall
record a full and correct statement of every step or proceeding had or taken in the
course of authorizing and issuing the Notes in the Record Book.
Section 20. Bond Insurance. If the Purchaser determines to obtain municipal
bond insurance with respect to the Notes, the officers of the Village are authorized to
take all actions necessary to obtain such municipal bond insurance. The President and
Village Clerk are authorized to agree to such additional provisions as the bond insurer
may reasonably request and which are acceptable to the President and Village Clerk
including provisions regarding restrictions on investment of Note proceeds, the payment
procedure under the municipal bond insurance policy, the rights of the bond insurer in
the event of default and payment of the Notes by the bond insurer and notices to be
-8QB\100735434.1

given to the bond insurer. In addition, any reference required by the bond insurer to the
municipal bond insurance policy shall be made in the form of Note provided herein.
Section 21. Conflicting Resolutions; Severability; Effective Date. All prior
resolutions, rules or other actions of the Village Board or any parts thereof in conflict
with the provisions hereof shall be, and the same are, hereby rescinded insofar as the
same may so conflict. In the event that any one or more provisions hereof shall for any
reason be held to be illegal or invalid, such illegality or invalidity shall not affect any
other provisions hereof. The foregoing shall take effect immediately upon adoption and
approval in the manner provided by law.
Adopted, approved and recorded February 16, 2026.

_____________________________
Cynthia Kelm-Nelson
President
ATTEST:

____________________________
Lisa Kalata
Village Clerk
(SEAL)

-9QB\100735434.1

EXHIBIT A
APPROVING CERTIFICATE
The undersigned [Assistant Administrator/Finance Director ] [Village
Administrator] of the Village of Cottage Grove, Dane County, Wisconsin (the "Village"),
hereby certifies that:
1.
Resolution. On February 16, 2026, the Village Board of the Village
adopted a resolution (the "Resolution") authorizing the issuance and establishing
parameters for the sale of not to exceed $20,355,000 General Obligation Promissory
Notes, Series 2026A of the Village (the "Notes") after a public sale and delegating to me
the authority to approve the Preliminary Official Statement, to approve the purchase
proposal for the Notes, and to determine the details for the Notes within the parameters
established by the Resolution.
2.
Proposal; Terms of the Notes. On the date hereof, the Notes were offered
for public sale and the bids set forth on the Bid Tabulation attached hereto as Schedule
I and incorporated herein by this reference were received. The institution listed first on
the Bid Tabulation, _________________ (the "Purchaser") offered to purchase the
Notes in accordance with the terms set forth in the Proposal attached hereto as
Schedule II and incorporated herein by this reference (the "Proposal"). Ehlers &
Associates, Inc. recommends the Village accept the Proposal. The Proposal meets the
parameters and conditions established by the Resolution and is hereby approved and
accepted.
The Notes shall be issued in the aggregate principal amount of $__________,
which is not more than the $20,355,000 approved by the Resolution, and shall mature
on April 1 of each of the years and in the amounts and shall bear interest at the rates
per annum as set forth in the Pricing Summary attached hereto as Schedule III and
incorporated herein by this reference. As compared to the schedule included in the
Resolution, (a) the amount of each annual principal or mandatory redemption payment
due on the Notes is not more than $1,130,000 per maturity or mandatory redemption
amount (b) the principal amount of the 2027 maturity or mandatory redemption amount
has not decreased by more than $100,000 and (c) the principal amounts of the 2028
through 2046 maturities or mandatory redemption amounts have not decreased by
more than $400,000 as set forth below:
Date
04-01-2027

Resolution Schedule
$ 110,000

Actual Amount
$___________

04-01-2028

450,000

___________

04-01-2029

875,000

___________

QB\100735434.1

04-01-2030

910,000

___________

04-01-2031

1,195,000

___________

04-01-2032

1,000,000

___________

04-01-2033

1,035,000

___________

04-01-2034

990,000

___________

04-01-2035

1,110,000

___________

04-01-2036

1,150,000

___________

Date
04-01-2037

Resolution Schedule
$

Actual Amount

955,000

$___________

04-01-2038

980,000

___________

04-01-2039

1,020,000

___________

04-01-2040

1,060,000

___________

04-01-2041

1,110,000

___________

04-01-2042

1,165,000

___________

04-01-2043

1,215,000

___________

04-01-2044

1,275,000

___________

04-01-2045

1,340,000

___________

04-01-2046

1,410,000

___________

The true interest cost on the Notes (computed taking the Purchaser's
compensation into account) is _________%, which is not in excess of 4.21%, as
required by the Resolution.
3.
Purchase Price of the Notes. The Notes shall be sold to the Purchaser in
accordance with the terms of the Proposal at a price of $_________, plus accrued
interest, if any, to the date of delivery of the Notes, which is not less than 98.75% nor
more than 108.0% of the principal amount of the Notes, as required by the Resolution.
4.
Redemption Provisions of the Notes. The Notes maturing on April 1,
______ and thereafter are subject to redemption prior to maturity, at the option of the
Village, on April 1, ______ or on any date thereafter. Said Notes are redeemable as a

-11QB\100735434.1

whole or in part, and if in part, from maturities selected by the Village and within each
maturity by lot, at the principal amount thereof, plus accrued interest to the date of
redemption. [The Proposal specifies that [some of] the Notes are subject to
mandatory redemption. The terms of such mandatory redemption are set forth on an
attachment hereto as Schedule MRP and incorporated herein by this reference. ]
5.
Direct Annual Irrepealable Tax Levy. For the purpose of paying the
principal of and interest on the Notes as the same respectively falls due, the full faith,
credit and taxing powers of the Village have been irrevocably pledged and there has
been levied on all of the taxable property in the Village, pursuant to the Resolution, a
direct, annual irrepealable tax in an amount and at the times sufficient for said purpose.
Such tax shall be for the years and in the amounts set forth on the debt service
schedule attached hereto as Schedule IV.
6.
Preliminary Official Statement. The Preliminary Official Statement with
respect to the Notes is hereby approved and deemed "final" as of its date for purposes
of SEC Rule 15c2-12 promulgated by the Securities and Exchange Commission
pursuant to the Securities and Exchange Act of 1934.

-3QB\100735434.1

7.
Approval. This Certificate constitutes my approval of the Proposal, and
the principal amount, definitive maturities, interest rates, purchase price and redemption
provisions for the Notes and the direct annual irrepealable tax levy to repay the Notes,
in satisfaction of the parameters set forth in the Resolution.
IN WITNESS WHEREOF, I have executed this Certificate on
______________________, 2026 pursuant to the authority delegated to me in the
Resolution.

Cameron Sawyer
Assistant Administrator/Finance Director
OR
Matt Giese
Village Administrator

-4QB\100735434.1

SCHEDULE I TO APPROVING CERTIFICATE
Bid Tabulation

To be provided by Ehlers & Associates, Inc. and incorporated into the Certificate.

(See Attached)

QB\100735434.1

SCHEDULE II TO APPROVING CERTIFICATE
Proposal

To be provided by Ehlers & Associates, Inc. and incorporated into the Certificate.

(See Attached)

QB\100735434.1

SCHEDULE III TO APPROVING CERTIFICATE
Pricing Summary
To be provided by Ehlers & Associates, Inc. and incorporated into the Certificate.

(See Attached)

QB\100735434.1

SCHEDULE IV TO APPROVING CERTIFICATE
Debt Service Schedule and Irrepealable Tax Levies
To be provided by Ehlers & Associates, Inc. and incorporated into the Certificate.

(See Attached)

QB\100735434.1

[SCHEDULE MRP
Mandatory Redemption Provision
The Notes due on April 1, ____, ____ and ____ (the "Term Bonds") are subject
to mandatory redemption prior to maturity by lot (as selected by the Depository) at a
redemption price equal to One Hundred Percent (100%) of the principal amount to be
redeemed plus accrued interest to the date of redemption, from debt service fund
deposits which are required to be made in amounts sufficient to redeem on April 1 of
each year the respective amount of Term Bonds specified below:
For the Term Bonds Maturing on April 1, 20
Redemption
Date
____
____
____

Amount
$______
______
______ (maturity)

For the Term Bonds Maturing on April 1, 20
Redemption
Date
____
____
____

Amount
$______
______
______ (maturity)

For the Term Bonds Maturing on April 1, 20
Redemption
Date
____
____
____

Amount
$______
______
______ (maturity)

For the Term Bonds Maturing on April 1, 20
Redemption
Date
____
____
____

Amount
$______
______
______ (maturity)]

QB\100735434.1

EXHIBIT B

(Form of Note)

UNITED STATES OF AMERICA
REGISTERED

STATE OF WISCONSIN

DOLLARS

DANE COUNTY
NO. R-___

VILLAGE OF COTTAGE GROVE

$_______

GENERAL OBLIGATION PROMISSORY NOTE, SERIES 2026A

MATURITY DATE:

ORIGINAL DATE OF ISSUE:

INTEREST RATE:

CUSIP:

April 1, _____

____________________,
20___

____%

______

DEPOSITORY OR ITS NOMINEE NAME: CEDE & CO.
PRINCIPAL AMOUNT:

_______________________ THOUSAND DOLLARS
($__________)

FOR VALUE RECEIVED, the Village of Cottage Grove, Dane County, Wisconsin
(the "Village"), hereby acknowledges itself to owe and promises to pay to the Depository
or its Nominee Name (the "Depository") identified above (or to registered assigns), on
the maturity date identified above, the principal amount identified above, and to pay
interest thereon at the rate of interest per annum identified above, all subject to the
provisions set forth herein regarding redemption prior to maturity. Interest shall be
payable semi-annually on April 1 and October 1 of each year commencing on April 1,
2027 until the aforesaid principal amount is paid in full. Both the principal of and interest
on this Note are payable to the registered owner in lawful money of the United States.
Interest payable on any interest payment date shall be paid by wire transfer to the
Depository in whose name this Note is registered on the Bond Register maintained by
Bond Trust Services Corporation (the "Fiscal Agent") or any successor thereto at the
close of business on the 15th day of the calendar month next preceding each interest
-10QB\100735434.1

payment date (the "Record Date"). This Note is payable as to principal upon
presentation and surrender hereof at the office of the Fiscal Agent.
For the prompt payment of this Note together with interest hereon as aforesaid
and for the levy of taxes sufficient for that purpose, the full faith, credit and resources of
the Village are hereby irrevocably pledged.
This Note is one of an issue of Notes aggregating the principal amount of
$____________, all of which are of like tenor, except as to denomination, interest rate,
maturity date and redemption provision, issued by the Village pursuant to the provisions
of Section 67.12(12), Wisconsin Statutes, for public purposes, including paying the cost
of street and trail improvements, water and sewer improvements, park improvements,
police station projects and acquiring vehicles and equipment for various departments,
as authorized by a resolution adopted on February 16, 2026, as supplemented by an
Approving Certificate, dated ______________, 2026 (the "Approving Certificate")
(collectively, the "Resolution"). Said Resolution is recorded in the official minutes of the
Village Board for said date.
The Notes maturing on April 1, ________ and thereafter are subject to
redemption prior to maturity, at the option of the Village, on April 1, ________ or on any
date thereafter. Said Notes are redeemable as a whole or in part, and if in part, from
maturities selected by the Village, and within each maturity by lot (as selected by the
Depository), at the principal amount thereof, plus accrued interest to the date of
redemption.

[The Notes maturing in the years ________ are subject to mandatory
redemption by lot as provided in the Approving Certificate, at the redemption price of
par plus accrued interest to the date of redemption and without premium. ]
In the event the Notes are redeemed prior to maturity, as long as the Notes are in
book-entry-only form, official notice of the redemption will be given by mailing a notice
by registered or certified mail, overnight express delivery, facsimile transmission,
electronic transmission or in any other manner required by the Depository, to the
Depository not less than thirty (30) days nor more than sixty (60) days prior to the
redemption date. If less than all of the Notes of a maturity are to be called for
redemption, the Notes of such maturity to be redeemed will be selected by lot. Such
notice will include but not be limited to the following: the designation, date and
maturities of the Notes called for redemption, CUSIP numbers, and the date of
redemption. Any notice provided as described herein shall be conclusively presumed to
have been duly given, whether or not the registered owner receives the notice. The
Notes shall cease to bear interest on the specified redemption date provided that
federal or other immediately available funds sufficient for such redemption are on
deposit at the office of the Depository at that time. Upon such deposit of funds for
redemption the Notes shall no longer be deemed to be outstanding.

-11QB\100735434.1

It is hereby certified and recited that all conditions, things and acts required by
law to exist or to be done prior to and in connection with the issuance of this Note have
been done, have existed and have been performed in due form and time; that the
aggregate indebtedness of the Village, including this Note and others issued
simultaneously herewith, does not exceed any limitation imposed by law or the
Constitution of the State of Wisconsin; and that a direct annual irrepealable tax has
been levied sufficient to pay this Note, together with the interest thereon, when and as
payable.
This Note is transferable only upon the books of the Village kept for that purpose
at the office of the Fiscal Agent, only in the event that the Depository does not continue
to act as depository for the Notes, and the Village appoints another depository, upon
surrender of the Note to the Fiscal Agent, by the registered owner in person or his duly
authorized attorney, together with a written instrument of transfer (which may be
endorsed hereon) satisfactory to the Fiscal Agent duly executed by the registered owner
or his duly authorized attorney. Thereupon a new fully registered Note in the same
aggregate principal amount shall be issued to the new depository in exchange therefor
and upon the payment of a charge sufficient to reimburse the Village for any tax, fee or
other governmental charge required to be paid with respect to such registration. The
Fiscal Agent shall not be obliged to make any transfer of the Notes (i) after the Record
Date, (ii) during the fifteen (15) calendar days preceding the date of any publication of
notice of any proposed redemption of the Notes, or (iii) with respect to any particular
Note, after such Note has been called for redemption. The Fiscal Agent and Village
may treat and consider the Depository in whose name this Note is registered as the
absolute owner hereof for the purpose of receiving payment of, or on account of, the
principal or redemption price hereof and interest due hereon and for all other purposes
whatsoever. The Notes are issuable solely as negotiable, fully-registered Notes without
coupons in the denomination of $5,000 or any integral multiple thereof.
This Note shall not be valid or obligatory for any purpose until the Certificate of
Authentication hereon shall have been signed by the Fiscal Agent.
No delay or omission on the part of the owner hereof to exercise any right
hereunder shall impair such right or be considered as a waiver thereof or as a waiver of
or acquiescence in any default hereunder.

-12QB\100735434.1

IN WITNESS WHEREOF, the Village of Cottage Grove, Dane County,
Wisconsin, by its governing body, has caused this Note to be executed for it and in its
name by the manual or facsimile signatures of its duly qualified President and Village
Clerk; and to be sealed with its official or corporate seal, if any, all as of the original date
of issue specified above.
VILLAGE OF COTTAGE GROVE
DANE COUNTY, WISCONSIN

By: ______________________________
Cynthia Kelm-Nelson
President
(SEAL)
By: ______________________________
Lisa Kalata
Village Clerk

-13QB\100735434.1

Date of Authentication: _______________, ______

CERTIFICATE OF AUTHENTICATION

This Note is one of the Notes of the issue authorized by the within-mentioned
Resolution of the Village of Cottage Grove, Dane County, Wisconsin.

BOND TRUST SERVICES
CORPORATION

By____________________________
Authorized Signatory

-14QB\100735434.1

ASSIGNMENT
FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto
______________________________________________________________________
______
(Name and Address of Assignee)
______________________________________________________________________
______
(Social Security or other Identifying Number of Assignee)
the within Note and all rights thereunder and hereby irrevocably constitutes and
appoints ______________________________________, Legal Representative, to
transfer said Note on the books kept for registration thereof, with full power of
substitution in the premises.
Dated: _____________________
Signature Guaranteed:

_____________________________
________________________________
(e.g. Bank, Trust Company
(Depository or Nominee Name)
or Securities Firm)
NOTICE: This signature must correspond with
the name of the Depository or Nominee Name
as it appears upon the face of the within Note
in every particular, without alteration or
enlargement or any change whatever.
____________________________
(Authorized Officer)

-15QB\100735434.1

Rules Governing Teleconferences
and Virtual Attendance at Meetings
Established/Adopted Date
August 16, 2021

Revision/Review Date
February 16, 2026

Effective Date

Teleconference and virtual meeting attendance shall be subject to the following rules adopted by
the Village Board
1. Definitions
a. “Meeting” means a meeting of the Village board or another Village committee, board,
or commission.
b. “Member(s)” means a Village board trustee, or a member of another Village committee,
board, or commission.
c. “Public” means any member of the public.
d. “Teleconference” means a meeting for which the official public notice for the meeting
specifies that the meeting will be held by telephone conference with no in-person
option.
e. “Virtual hybrid meeting” means a meeting for which the official public notice for the
meeting specifies that attendees of the meeting may attend the meeting either virtually
or in-person.
f.

“Virtual meeting” means a meeting for which the official public notice for the meeting
specifies that the meeting will be held virtually with no in-person option.

2. Village Meetings
Village meetings may be held either entirely in-person or as a virtual meeting, virtual hybrid
meeting, or teleconference, as provided in the official public notice for the meeting. The official
notice for any meeting for which virtual or telephone participation is allowed shall include
information regarding how to access these rules.
3. Attendance Other Than In-Person.
Virtual attendance shall be through use of an Internet meeting service designated by the Village
Board. The official meeting notice for a meeting in which virtual attendance will be allowed or that
will be conducted by a teleconference shall provide information regarding the methods for joining
the meeting virtually or by telephone. If virtual attendance is allowed for a meeting, the meeting
notice shall also specify a method for attendees to join by telephone. If virtual attendance is
allowed for a meeting, it is recommended that members join a meeting in person or by video
connection when feasible, instead of by telephone. Effort shall be made to allow attendees of a
meeting for which attendance is allowed virtually or by telephone to join the meeting at least five
(5) minutes prior to the start of the meeting. If available with the Internet meeting service
utilized for a meeting for which virtual attendance is allowed, members shall identify themselves
using their first and last names.

1

4. Reasonable Accommodation.
The presiding officer and Village staff shall make appropriate and reasonable accommodation
for people who inform them prior to a virtual meeting or meeting to be conducted by teleconference
that attendance of the meeting is particularly burdensome or infeasible for the person due to the
meeting format to be used.
5. Access to Meeting Information.
The presiding officer for a virtual meeting or a meeting conducted by teleconference shall take
reasonable action to ensure that important aspects of the discussion or deliberation at the meeting
will be communicated to attendees. A meeting may not be conducted by teleconference if the
use of that meeting format will not sufficiently provide access to important aspects of the
discussion or deliberation. Members who join a meeting virtually shall make reasonable effort to
maintain their video connection to the meeting when voting or speaking.
6. Quorum to Conduct Business.
All members participating in a meeting in-person, virtually, or by telephone may vote and are
considered present for purposes of establishing a quorum.
7. Technical Requirements and Malfunctions.
Each member participating in a meeting virtually or by telephone is responsible for the member’s
own audio, video, and Internet connections to the meeting. Actions taken at the meeting shall not
be invalidated because a member is unable to participate due to the quality of the member’s
connection to the meeting.
8. Interference with the Meeting.
The presiding officer may cause or direct the termination of the audio or video feed of a member
or other attendee participating in a meeting virtually or by telephone if that person’s participation
in the meeting is causing interference with the meeting. The presiding officer may also cause or
direct the termination of an Internet or teleconference service for a meeting if such service is being
used to disrupt the meeting.
9. Loss of Meeting Room Connection.
For a virtual meeting or meeting held by teleconference, if the Internet meeting service or
teleconference service is disconnected, no business may be transacted until the presiding officer
determines that the service has been restored and virtual or teleconference participants have had
sufficient time to reconnect to the service. For a virtual hybrid meeting, the business of the meeting
may continue while the Internet meeting service is disconnected, regardless of whether the
Internet meeting is disconnected due to technical reasons or the service has been terminated by
the Presiding officer due to disruption of the meeting under Section 8, in the discretion of the
presiding officer, but only if a quorum of the body is present in-person. If a quorum of the body is
not present in-person for a virtual hybrid meeting while the Internet meeting service is
disconnected, no business may be transacted until a quorum of in-person and virtual member
participants is present. Any members or other attendees who choose to participate virtually or by
telephone in a meeting do so under the assumption of the risk that the connection to the meeting
may be lost and the meeting will continue without their attendance.
10. Closed Session.
When a Village body moves from a teleconference or a meeting for which virtual attendance is
allowed into a closed session, the teleconference or virtual connection to the meeting shall remain
open to attendees who choose to wait for the body to return to open session.
2

VILLAGE OF COTTAGE GROVE
NOTICE OF PUBLIC MEETING

Utility Commission
Wednesday, February 11, 2026
5:00 p.m.
This meeting will take place as a hybrid meeting both virtually and in person at Village Hall at 221 E
Cottage Grove Road. The hybrid link can be found in the header of the agenda on the agenda center of
the village website https://www.vi.cottagegrove.wi.gov/agendacenter. You may also choose to participate
by providing public comment prior to the meeting via email to Village Clerk Lisa
Kalata: [email protected]. If this is a teleconference, virtual or hybrid meeting, please
review the Village of Cottage Grove’s policy.
1. Call to Order
2. Determination of Quorum and That the Agenda Was Properly Posted
3. PUBLIC APPEARANCES-Public's Opportunity to Speak
4. Discuss and Consider The Minutes Of The Utility Commission Meeting On January 14, 2026.
Documents: 1-14-26 UTILITY COMMISSION MINUTES.PDF
5. Discuss and Consider approval of vouchers
Documents: BILLS LIST.PDF
6. Unfinished Business
a. Discuss and consider UpNet Lease agreement.
b. Gaston and CTH TT Water Main Looping Update.
c. Vilas Road Sanitary Sewer Repair Update.
Documents: UPNET AGREEMENT (1.19.26).PDF
7. New Business
a. Discuss impact fee study and provide comments to Village Board
Documents: COTTAGE GROVE PUBLIC FACILITY NEEDS ASSESSMENT REPORT 2026.PDF
8. Director's and Engineering Report
Documents: UTILITY DIRECTORS REPORT 02112026.PDF
9. Future agenda items
10. Adjournment
This agenda has been prepared by Staff and approved by the by the Chair of the Utility Commission for use at the meeting
as listed above. Any item on the agenda is subject to final action. Notice: Persons needing special accommodation should
call 608-839-4704 at least 24 hours prior to the meeting. It is possible that members of and possibly a quorum of members
of other governmental bodies may attend 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.

VILLAGE OF COTTAGE GROVE
NOTICE OF PUBLIC MEETING

Public Works, Properties & Sustainability Committee
Wednesday, February 11, 2026
5:30 p.m.
This meeting will take place as a hybrid meeting both virtually and in person at Village Hall at 221 E
Cottage Grove Road. The hybrid link can be found in the header of the agenda on the agenda center of
the village website https://www.vi.cottagegrove.wi.gov/agendacenter. You may also choose to participate
by providing public comment prior to the meeting via email to Village Clerk Lisa
Kalata: [email protected]. If this is a teleconference, virtual or hybrid meeting, please
review the Village of Cottage Grove’s policy.
1. Call meeting to order
2. Determination of Quorum and That the Agenda Was Properly Posted
3. PUBLIC APPEARANCES-Public's Opportunity to Speak
4. Discuss and consider the Minutes from the Public Works, Properties & Sustainability Committee
Meeting of January 14, 2026.
Documents: 1-14-26 PW MINUTES.PDF
5. Unfinished Business
a. 2026 Streets and Pedestrian Improvement Project Update
Documents: OPCC 2026 STREET AND PEDESTRIAN IMPROVEMENTS - 2.6.26 TO
OWNER.PDF
6. New Business
a. Discuss WDNR UNPS Grant for the 2027 Street Sweeper for staff direction.
b. Discuss updating the Village’s Right of Way Permit for staff direction.
7. Director's and Engineering Report
Documents: PW DIRECTORS REPORT. 02112026.PDF
8. Future Agenda Items
9. Adjournment

This agenda has been prepared by Staff and approved by the Chair of the Public Works, Properties & Sustainability
Committee for use at the meeting as listed above. Any item on the agenda is subject to final action. Notice: Persons
needing special accommodation should call 608-839-4704 at least 24 hours prior to the meeting. It is possible that members
of and possibly a quorum of members of other governmental bodies may attend 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.

VILLAGE OF COTTAGE GROVE
NOTICE OF PUBLIC MEETING
Plan Commission
Wednesday, February 11, 2026
6:30 p.m.
This meeting will take place as a hybrid meeting both virtually and in person at Village Hall at 221 E
Cottage Grove Road. The hybrid link can be found in the header of the agenda on the agenda center of
the village website https://www.vi.cottagegrove.wi.gov/agendacenter. You may also choose to participate
by providing public comment prior to the meeting via email to Village Clerk Lisa
Kalata: [email protected]. If this is a teleconference, virtual or hybrid meeting, please
review the Village of Cottage Grove’s policy.
1. Call to order
2. Determination of quorum and that the agenda was properly posted
3. Pledge of Allegiance
4. PUBLIC APPEARANCES-Public's opportunity to speak
5. Discuss and Consider the Minutes from The Plan Commission Meeting of January 14, 2026.
Documents: 1-14-26 PLAN COMMISSION MINUTES.PDF
6. Discuss and Consider a request from Dave Hensiak of New Tech Golf Carts for approval of a conditional
use permit to allow an ‘outdoor display incidental to indoor sales’ land use at 645 Sandpiper Trail.
Documents: CG_NEWTECH-CUP_2026-02-04.PDF
7. Future Agenda Items
8. Adjournment
This agenda has been prepared by Staff and approved by the Village President as Chair of the Plan Commission for use at
the meeting as listed above. Any item on the agenda is subject to final action. Notice: Persons needing special
accommodation should call 608-839-4704 at least 24 hours prior to the meeting. It is possible that members of and possibly
a quorum of members of other governmental bodies may attend 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.

VILLAGE ACTION REPORT
PROJECT: New Tech Golf Carts – Conditional Use Permit
APPLICANT: Dave Hensiak – New Tech Golf Carts
PROJECT LOCATION: 645 Sandpiper Trail
REPORT DATE: February 12, 2026

PROJECT DESCRIPTION: The applicant is seeking approval of a conditional use permit to
allow an ‘outdoor display incidental to indoor sales’ land use at the New Tech building,
located at 645 Sandpiper Trail. The permit would allow the applicant to display golf carts
outdoors related to the golf cart portion of the business. The proposed use is permitted as an
accessory conditional use in the PB, Planned Business district.
PLAN COMMISSION MEETING: JANUARY 14, 2026
STAFF REPORT PROVIDED BY: _X_ Planner, ___ Engineer, ___ Public Works
MOTION: by Murphy (1st), Heim (2nd)
The request for approval of the Conditional Use Permit was TABLED.
VOTE: _6 Aye, _0_ Nay, _0_ Abstain
APPLICANT COMMENTS:
 (Dave Hensiak – New Tech Golf Carts) – provided an overview of the project.
PUBLIC HEARING COMMENTS:
 (John Lieber – 504 Galway) – questioned whether carts between the building and
street were allowed. Also noted there are golf cart test drives in the neighborhood,
and questioned whether the carts were legal on the streets. Ruth agreed the ordinance
states an accessory use is not permitted between the building and the street. Ruth
noted he asked the Police Chief about the carts, and the Chief said some such vehicles
are allowed under 305-16 but he would need more information to determine the
status of these specific vehicles. Hensiak stated the carts are compliant with DOT
regulations for use on the street as ‘low-speed vehicles.’
 (Keri Peronto – 210 Coyle Parkway) – believes the site should be kept neater, noting
the dirt pile next door and the numerous flags that were displayed earlier in the year.
Ruth noted the dirt pile was on a different property owner’s property, and Hensiak
removed most of the flags when he was informed they exceeded the sign code.
 (Kiesha Peters – 500 Galway) – stated she was not strongly against the request, just
wants the business to meet the ordinances if carts are displayed again.

PLAN COMMISSION COMMENTS:
 (Heim) – asked what percentage of the golf cart business came from walk-ins. Hensiak
replied 75%.
 (Heim) – asked if there was room for an indoor show room. Hensiak explained the
indoor space for the carts is not easily visible, and other areas are used by the
painting business.
 (Murphy) – would like to see the area where carts are allowed better defined. Ruth
agreed this could be done for a subsequent meeting.
 (Kelm-Nelson) – asked whether the April 1 to October 31 dates in the staff report
recommendations were appropriate. Hensiak replied those dates work well.
 (Murphy) – noted there used to be e-bike sales and asked about the status of those.
Hensiak replied he no longer sells those.
 (Jushchyshyn) – would be helpful to have more clarity about similar uses when this is
considered again.
STAFF COMMENTS:
See staff reports and as noted above.
PLAN COMMISSION MEETING: FEBRUARY 11, 2026
STAFF REPORT PROVIDED BY: _X_ Planner, ___ Engineer, ___ Public Works
MOTION: by Jushchyshyn (1st), Brinkmeier (2nd)
The request for approval of the Conditional Use Permit was APPROVED WITH CONDITIONS,
with the conditions as follows:
1. The Conditional Use Permit applies only to the New Tech Golf Cart business, not any other
business on the property.
2. The Conditional Use Permit applies only to carts, not other equipment or items.
VOTE: _7 Aye, _0_ Nay, _0_ Abstain
APPLICANT COMMENTS:
 (Dave Hensiak – New Tech Golf Carts) – provided an overview of the project.
PUBLIC COMMENTS:
 None.
PLAN COMMISSION COMMENTS:
 (Jushchyshyn) – questioned whether it was necessary to limit the dates the carts can be
displayed. Ruth replied the condition can be removed if the Plan Commission does not




feel it is necessary. Hensiak replied he would not display the carts in winter either
way.
(Brinkmeier) – asked if anything in the ordinance should be changed. Ruth replied the
applicable section is not well written, but for the sake of efficiency any changes could
wait until other changes are needed.
(Murphy) – asked if the carts would have lighting at night. Hensiak replied they would
not.

STAFF COMMENTS:
See staff reports and as noted above.

PLANNING STAFF REPORT
MEMO DATE: February 12, 2026
MTG. DATE: FEBRUARY 16, 2026
TO:

Village of Cottage Grove Board of Trustees

CC:

FROM:

Matt Giese – Village Administrator
Lisa Kalata – Village Clerk
Kyela O’Loughlin – Public Works & Utilities Director
Larry Konopacki – Village Attorney
Rick Manthe – Village Attorney
Josh Straka – Village Engineer
Erin Ruth, AICP – Village Planning Director

RE:

New Tech Golf Carts – Conditional Use Permit

BACKGROUND
Property Owner:

Hensiak Holdings LLC

Location:

645 Sandpiper Trail

Area:

2.3 acres

Agent:

Dave Hensiak – New Tech Golf Carts

Existing Zoning:

PB, Planned Business

Proposed Zoning:

PB, Planned Business

OVERVIEW
The applicant is seeking approval of a conditional use permit to allow an ‘outdoor
display incidental to indoor sales’ land use at the New Tech building, located at 645
Sandpiper Trail. The permit would allow the applicant to display golf carts outdoors
related to the golf cart sales portion of the business. The proposed use is permitted as
an accessory conditional use in the PB, Planned Business district.
Meeting Date: February 16, 2026

LOCATION MAP

COMPREHENSIVE PLAN CONSISTENCY
The proposed use is consistent with the Planned Business designation in the
Comprehensive Plan.
ZONING CONSISTENCY
The subject property is zoned PB, Planned Business, which is regulated by 325-40(B) of
the Village Zoning Ordinance.
Per 325-40(B)(3)(b)(3), ‘outdoor display incidental to indoor sales and service’ is
permitted as a conditional use in the Planned Business district.
‘Outdoor display incidental to indoor sales and service’ is regulated under 32549(H)(6), which references 325-49(D)(4) – the non-incidental version of ‘outdoor
display.’ Per the ordinance, this land use includes vehicle sales.
All the regulations listed in 325-49(D)(4)(a)(1) to (8) are also applicable to the incidental
outdoor display use. Notable regulations that are applicable to this project include the
following: (2) the display of items shall not be permitted within required setback areas
Village of Cottage Grove

-2-

Meeting Date: February 16, 2026

for the principal structure; (4) display areas shall be separated from any vehicular
parking or circulation area by a minimum of 10 feet; and (5) signs, screening,
enclosures, landscaping or materials being displayed shall not interfere in any manner
with either on-site or off-site traffic visibility. In addition, the introductory language to
325-49(H) states that “accessory uses shall not be located between a principal building
and a street frontage on the same lot.”
The sketch below shows an area west of the pond outlined with a green, dashed line.
Display within this area conforms with the criteria above as it is outside of the building
setback, outside of the vision triangle, not between the building and street, and at least
10’ from the vehicle circulation area. The applicant will limit display to this area.

Village of Cottage Grove

-3-

Meeting Date: February 16, 2026

CONDITIONAL USE PERMIT CRITERIA
325-111(D)(2) of the zoning ordinance requires a proposed conditional use to be
compliant with standards (a) to (f) of that section. In the opinion of staff, the proposed
use is compliant with those standards as outlined below.
a) The proposed conditional use (the use in general, independent of its location) is
in harmony with the purposes, goals, objectives, policies, and standards of the
Village of Cottage Grove’s Comprehensive Master Plan, this chapter and any
other plan, program, or ordinance adopted or under consideration pursuant to
official notice by the Village.
The site location is designated as ‘Planned Business’ on the Comprehensive Plan’s
Future Land Use map. The proposed use is consistent with those allowable within that
designation.
b) The proposed conditional use (in its specific location) is in harmony with the
purposes, goals, objectives, policies, and standards of the Village of Cottage
Grove’s Comprehensive Master Plan, this chapter and any other plan, program,
or ordinance adopted or under consideration pursuant to official notice by the
Village.
The proposed use in this specific location, in the opinion of staff, is in harmony with all
of the documents listed above. The Land Use Chapter says “encourage Planned
Business development that occurs along major transportation routes to contribute
toward establishing and enhancing a positive image for the Village.”
While it could be claimed the presence of the carts does not “enhance the positive
image for the Village.” However, this effect is largely in the eye of the beholder. Staff
does not feel there is a measurable negative impact such that the conditional use
permit should be denied.
c) The proposed conditional use, in its proposed location and as depicted on the
required site plan, does not result in substantial or undue adverse impacts on
nearby property, the character of the neighborhood, environmental factors,
traffic factors, parking, public improvements, public property or rights of way, or
other matters affecting the public health, safety, or general welfare either as they
now exist or as they may in the future be developed as a result of
implementation of the provisions of this chapter, the Comprehensive Master
Plan, or any other plan, program, map or ordinance adopted or under
consideration pursuant to official notice by the Village or other government
agency having jurisdiction to guide development.
Village of Cottage Grove

-4-

Meeting Date: February 16, 2026

The requested conditional use does not negatively affect public safety. While the
presence of the carts may add to a cluttered appearance on the site, staff feels this
does not rise to the level of an adverse impact on character and welfare of the
community.
d) The proposed conditional use maintains the desired consistency of land uses,
land use intensities and land use impacts as related to the environs of the
subject property.
The proposed conditional use does not affect consistency or intensity of land uses.
e) The proposed conditional use is located in an area that will be adequately
served by, and will not impose and undue burden on, any of the improvements,
facilities, utilities or services provided by public agencies serving the subject
property.
The full range of urban services are available at the subject property, and the proposed
use will not add an undue burden to any public utility or service.
f) The potential public benefits of the proposed conditional use outweigh all
potential adverse impacts of the proposed conditional use, after taking into
consideration the applicant’s proposal and any requirements recommended by
the applicant to ameliorate such impacts.
The proposed use is not anticipated to create any adverse impacts on the Village or
neighboring properties, while the potential public benefits include:
1. The conditional use helps improve the financial viability of a business
that is unique within the Village.
STAFF RECOMMENDATION
Staff recommends that the requested Conditional Use Permit be APPROVED WITH
CONDITIONS, with the conditions listed below:
1. The Conditional Use Permit applies only to the New Tech Golf Cart business, not
any other business on the property.
2. The Conditional Use Permit applies only to carts, not other equipment or items.

Village of Cottage Grove

-5-

Meeting Date: February 16, 2026

Board Meeting: 2.16.26
To:

Village Board

From:

Matt Giese – Village Administrator

Subject:

Village Administrator Report

Introduction
Please see below for highlights from the Administrator’s Office since the last Village Board
meeting. Also attached is the Village Projects, Initiatives, and Development “Tracker”: a
database of active Village projects that lists brief status updates and next steps for notable
initiatives.
--Please note that this report is not a comprehensive list. The bullet points summary and
projects tracker is designed to provide general knowledge of the breadth of activity during this
period of time. If any Board members have any questions or desire more information, please let
me know.
Administrator’s Office Highlights
• Led collaborative department head and management team meeting
• Engaged in various phone conferences with individual Board members
• Preparation, coordination, and review of the Village Board meeting agenda and memos
for the meeting packet
• Met with Creed regarding their application for Zoning and Conditional Use Permit
• Reviewed draft Emergency Government Ordinance
• Reviewed draft Emergency Management Plan
• Attended meeting with prospective single family home developer Lennar regarding the
planned neighborhood area off W. Ridge Rd.
• Attended PAA’s Fire-EMS Study site visit of Station 1
• Phone conference with Neumann Developments regarding status of Lindstrom Acres
• Watched Plan Commission meeting
• Attended Ehlers Public Finance Seminar
• Staff Recognition and Celebration
o Deputy Parks and Recreation Director Trista Taylor and Parks Superintendent
Josh Bennett served on the Wisconsin Parks and Recreation Association’s
Conference Planning Committee for 2026. The conference achieved record
attendance!

The Village of Cottage Grove, WI

VILLAGE OF COTTAGE GROVE - PROJECTS, INITIATIVES, & DEVELOPMENT TRACKER
ITEM

DEPARTMENT

DESCRIPTION

STATUS

NEXT STEPS

Approved

N/A

1 2026 Village Budget

Administration

Official policy document covering how the Village will generate revenue and spend money

2 2026 Revaluation

Administration

Revaluation/re-assessment of all taxable property in the Village to establish fair market value and
equitable tax distribution

Assessor is performing external property inspections. Village
Board approved the Revaluation Communications Plan

Schedule/Confirm dates for Open Book and Board of Review

3 Law Enforcement Impact Fee Study

Administration

Village's Financial Advisor (Ehlers) is developing a study to determine eligible impact fee allocations for
new residential and commercial growth, relative to law enforcement facility needs.

Draft study and proposed fees completed and ready for public
feedback and Board review.

Public Information Meeting regarding the study and proposed
fees scheduled for February 19th. Village Board review and
consideration in March.

4 Fire and EMS Study

Administration

Study to Update Fire and EMS Organizational Analyses. Public Administration Associates (PAA) hired to
complete the study.

PAA held site visit at Station 1 (in February)

Staff to compile data/information as requested by PAA. Elected
official feedback survey and follow-up conversations

5 Shady Grove Park

Parks & Recreation

Construction of new park in the Shady Grove subdivision

Contracts have been executed

Anticipated construction commencement in Q1/Q2 '26

6 Miracle League Playground

Parks & Recreation

An all inclusive playground that will eventually replace the existing Bakken "Dream Park" playground
structures.

Miracle League fundraising efforts

Anticipated construction commencement in Q3 '26

In progress

Anticipated completion in Q1 '26

Staff is receiving training prior to implementation

Implementation by Q1 2026

7 Housing Chapter Update - Comprehensive Plan

Planning & Development

The Village, with assistance from Dane County Planning staff, is developing an update to the Housing
Chapter of the Comp Plan

8 Cloud Permit

Planning & Development

New cloud-based software system for the Village to efficiently manage building, development, and other
miscellaneous permits

9 2026 Comprehensive Plan Update

Planning & Development

Full update to the entire Comp Plan. Proposed to be developed and facilitated by a consultant

RFP released in January '26

Review of proposal responses in February/March

10 Amazon

Planning & Development

3.4 Million SF Distribution Center; located in TID #10 on 150 acres; at the NW corner of CTH N/TT

Under construction

Approved; anticipated substantial completion Q4 2026

11 Creed Sports Facility

Planning & Development

150,000 SF indoor sports facility with outdoor fields, on 30 acres NE of Commerce Park

Developer has the land under contract and has submitted
application materials for March review (Zoning and
Conditionial Use Permit)

Developer application for: Zoning, Conditional Use Permit, and
Site Plan review/approvals

12 Verizon Store

Planning & Development

New retail store located in Cottage Grove Commons Mixed Use Building at SW corner of CTH N/Gaston
Rd.

Opened in September '25

N/A

13 Stauffacher Property

Planning & Development

70 acre parcel; located in TID #10, directly north of Amazon

Local development company interested in developing the
parcel into a light industrial park consisting of four to five
different projects

Prospective developer to propose conceptual plans in Q1 2026

14 Stauffacher Property AND Other Lands North

Planning & Development

Approximate 230 acre area: 70 acres in TID 10, and 160 acres north of TID 10 and the Village boundary.

Commercial Real Estate Broker reached out (Dec. '25) on
behalf of a client inquiring about industrial development in this
area.

TBD depending on private due diligence efforts

15 Bulman Property

Planning & Development

10 acres located north of School Grounds on the west side of CTH N; adjacent land could bring total to
13 acres. Property would need to be annexed into the Village and also brought into the Village's Urban
Service Area (USA)

As of July '25 the land was under contract for potential
commercial development

Future developer to propose conceptual plans ahead of preannexation discussions

16 Johnson Health Tech (JHT) Expansion

Planning & Development

JHT is planning to expand their operations on the vacant 3 acre lot they own at the SE corner of
Landmark/Commerce

JHT has indicated that they're planning to submit a site plan
application in 2026

Village Approvals needed: Site Plan

17 Learning Ladder Property

Planning & Development

2 acre parcel located in the 300 block of W. CG Rd.

Real Estate Broker eyeing potential redevelopment
opportunities consisting of: Mixed Use, Multi-Family, or Retail
(as of June '25)

Future developer to propose conceptual plans

18 616 N. Main St.

Planning & Development

1 acre parcel zoned for Planned Business; located on the East side of N. Main St; North of the
intersection of Main St./CG Rd. and TID #9

General inquiries received about vehicle repair shop and
vehicle storage uses. Most recent contact: October '25

Future developer to propose conceptual plans

19 Zielke Cork Crossing Retail/Flex Building

Planning & Development

18,000 SF multi-tenant commercial building; located on 2 acre parcel at NE corner of Cork Crossing/CG
Rd. in TID #8

Approved

Pending building permits and construction

20 Near and Far Brewery

Planning & Development

Potential 10,000 SF brewery and restaurant on 1 acre parcel located on SW corner of Sandpiper/CG Rd.
in TID #8

Developer presented concept plan

Developer to submit applications for site plan and conditional
use permit consideration

21 Homburg Bonnie Rd. Property

Planning & Development

Approximate 2 acre parcel located directly north of the Village's new police station site. Planned for light
industrial development.

Homburg has indicated he has a light industrial business set
to close on the property in early February

Concept plans/site plan application potentially forthcoming

22 Mr. Queso Bar & Restaurant

Planning & Development

New bar and restaurant that opened, following closure of bb Jack's in the Greywolf retail building within
Commerce Park

Opened Q2 '25

N/A

23 TID 9 Redevelopment

Planning & Development

An approximate 4-acre area that the Village Board plans to redevelop under Central Business zoning

Village owned house at 101 E Cottage Grove Rd. razed in
December 2025. Village is considering an offer to purchase
107 E. CG Rd.

Village Board to consider Offer To Purchase 107 E. CG Rd.
property

24 Osteo Strong

Planning & Development

New retail store located in Cottage Grove Commons Mixed Use Building at SW corner of CTH N/Gaston
Rd.

Opened Q1 '25

N/A

25 HeyDay

Planning & Development

114 unit townhouse apartment development located at NE corner of CG Rd./Buss on

Under construction

Anticipated substantial completion Q4 2026

26 Quarry Ridge Estates

Planning & Development

A residential neighborhood located on the NE side of the Village (south of Commerce Park). The final
phase of this four phase plat is substantially complete. There are about 20 lots remaining as unbuilt.

Substantially complete

Approved

27 Coyle South - Residential

Planning & Development

Final phase of Coyle South consisting of 12 single family lots and 4 duplex lots; located on the south side
of CG Rd. and west of Sandpiper, in TID #8; developer is Homburg

Approved

Pending building permits and construction

28 Authentix - 2nd Addition

Planning & Development

Potential 204 unit townhouse apartment development on 17 acres; located on south side of CG Rd.
directly east of their existing phase (across from Village Hall); developer is Continental; subject property
needs annexation

Developer notified staff (Q3 '25) that they're no longer
pursuing this project due to the cost to develop the site.

N/A

29 Westlawn 5th Addition

Planning & Development

A residential neighborhood located on the west side of the Village (north of Glacial Drumlin School).
There is one remaining phase to construct as part of this six phase residential plat. The 6th phase
includes 18 single family lots. There are 5-10 additional lots in previous phases that do not have homes
built yet. The developer is Homburg.

5th phase is substantially complete.

Consideration of approval for release of 6th and final phase

30 Westlawn 6th Addition

Planning & Development

An approximate 70 acre planned neighborhood located primarily west of the 5th Addition of Westlawn.
The future neighborhood is planned to have a 20+ acre community park.

Awaiting developer submission/application

Concept Plan presentation to Plan Commission and Village
Board; Other: developer to hold neighborhood meeting

31 Shady Grove Subdivision

Planning & Development

A residential neighborhood on the west side of the Village, south of the BB/Buss intersection. This single
phase plat has about 15 lots remaining to be built on.

Public improvements are complete

N/A

32 "The Farm" Tierney Property

Planning & Development

An approximate 100 acre planned neighborhood located south of Coyle South to Vilas Rd. The developer
is Tierney.

Developer is working through due diligence

Concept Plan presentation to Plan Commission and Village
Board; Other: developer to hold neighborhood meeting

33 Homburg Gaston Rd. Property

Planning & Development

An approximate 50 acres of planned neighborhood and single family homes located west of the Huston
Quarry on the south side of Gaston Rd., between the 1st and 3rd Additions to Westlawn

Developer is working through due diligence

Concept Plan presentation to Plan Commission and Village
Board; Other: developer to hold neighborhood meeting

Planning & Development

An approximate 110 acre planned neighborhood located on the SW side of the Village, off Vilas Rd. (SW
of Bakken Park); 30 of the 110 acres are in the Village with 80 acres needing annexation.

Property owner is negotiating with interested developers;
Owner presented concept plan to Plan Commission in June,
which consisted of 300-350 single family homes and 400-450
units of multi-family homes. More recently (Dec. '25) a
developer inquired about the property and informed us of due
diligence they're pursuing regarding a mix of single family
rental homes and multi-family rental homes consisting of a
similar density as was previously presented.

35 Lakewood Residential

Planning & Development

An approximate 140 acre planned neighborhood located primarily north of W. Ridge Rd. Initial concepts
included mix of age-restricted (i.e. "senior") homes (145 units) and single family homes (344 units).
Development of this area will trigger the need for a regional lift station, which the developer would pay
their portion of based on impact to the system. The developer is Lakewood.

Concept plans presented in November '24 and the developer
held a neighborhood meeting; developer reached back out to Potential future re-submission of concept plans and additional
gather more information about the regional lift station in
neighborhood meeting
October '25. Lakewood has 140 acres under contract.

36 Lennar Residential

Planning & Development

Lennar has about 70 acres of Lakewood's 140 acres under contract. Lennar is considering development
of about 162 single family owner ocupied homes.

Lennar met with Village staff for introductions and briefing of
their concept.

Developer planning to present conceptual plans at March Plan
Commission/Village Board meetings

37 Lindstrom Acres

Planning & Development

An approximate 120 acre planned neighborhood east of Quarry Ridge. Prospective developer is
considering up to 250 owner occupied single family homes. All 120 acres need annexation. The
developer is Neumann Companies.

Village Board tabled consideration of pre-annexation
agreement

Developer is planning to return to the Village Board with
updated pre-annexation agreement in March

38 Advenir Azora

Planning & Development

An approximate 40 acre planned mixed use area on the NW corner of Buss and BB (west of HeyDay).
Prospective developer is considering possible annexation and development of about 200 market rate
rental townhouse units; the development would also include a commercial parcel.

Developer is in early due diligence stage (as of January)

Potential future concept plan presentations to Plan
Commission and Village Board

39 Greywolf Property

Planning & Development

An 11 acre planned mixed use parcel located on the east side of CTH N, across from Amazon, in TID #10.
The developer is Greywolf/Blackdeer Investment Group

40 New Police Station

Police

27,000 SF Station located at the NE corner of Progress Dr. and Bonnie Rd.

41 2026 - 2027 Collective Bargaining Agreement (CBA)

Police

With the 2024-2025 CBA set to expire at the end of the year, a new agreement was negotiated

42 Police Officer Recruitment

Police

There were two open Police Officer positions.

43 2026 - 2030 CGPD Strategic Plan

Police

Development of next 5-Year Strategic Plan for the PD

34 2001 Realty

Future developer to propose conceptual plans ahead of preannexation discussions

Developer is considering (as of Q4 '25) a request for multi- Potential submission of conceptual plans for Plan Commission
family development of the site, consisting of about 130 units
and Village Board feedback
Permitting work is in progress

Geothermal work to begin in March

2026-2027 CBA approved

N/A

Officer Chase Radke and Officer Ross Paulat began the basic
law enforcement recruit academy at Madison Area College in
January

Successful graduation from training in May

2026 - 2030 Strategic Plan implementation underway

N/A

44 2025 Streets and Pedestrian Improvements

Public Works & Utilities

Improvements included the following road/path segments: Bonnie Rd (Weald Bridge to Progress);
Heather Dr. (Heather Ct. to Termini), Heather Ct., and Hawthorn Ct.: CG Rd. Multi-use path (Southing
Grange to Main St.); Weald Bridge/Taylor St./Main St. intersection pedestrian improvements

Substantially complete for all components of the project.
RRFB has been installed; only remaining item is the railing for
the retaining wall.

N/A

45 Stormwater Utility Feasibility Study

Public Works & Utilities

Study to investigate the feasibility and implementation of a Stormwater Utility to replace the current
practice of levying for construction and maintenance of stormwater facilities.

Funding approved in 2026 Budget

Study to be completed by Q3

To fill two vacant Public Works Technician positions

One employee started December 1st. A second recruit has a
conditional offer employment outstanding, with a potential
start date of March 2nd

N/A

Draft study and proposed fees completed and ready for public
feedback and Commission review.

Public Information Meeting regarding the study and proposed
fees scheduled for February 19th. Utility Commission review
and consideration in March.

Project completed.

Approved

46 Public Works Technician Recruitment
Public Works & Utilities
47 Water & Sewer Impact Fee Updates

Public Works & Utilities

Comprehensive updates to fees established in the '90s

48 Supervisory Control and Data Acquisition (SCADA) Update

Public Works & Utilities

Village Wells, water towers, and lift stations all "communicate" through a SCADA system, which was in
need of updating after 18 years

Project will be advertised for bid on February 18th and 25th
Construction to begin this spring.
with bids being opened on March 4th. Project to be awarded at
March Utility Commission meeting.
Project awarded to Findorff at the January Utility Commission
Rehab project due to the Well's building no longer meeting DNR codes/regulations. A new building will be
meeting. Due to lead times for electrical components,
constructed, along with new controls, well pump, and generator. The well hole will be rehabilitated
Anticipated summer/fall '26 construction start.
construction is anticipated to start late summer, early fall
concurrently.
2026.
New sanitary sewer from CG Rd/Sandpiper Tr. south through Coyle Highlands South and "The Farm"
Pipe work will be completed in mid-February and restoration Substantial completion anticipated early March 2026 after pipe
planned neighborhood, extending to Vilas Road. This sanitary sewer provides relief for the west side of
will be completed thereafter.
testing has been completed.
the Village and allows for new construction to be added to the system.

49 Watermain Looping

Public Works & Utilities

50 Well #2 Rehabilitation

Public Works & Utilities

51 "The Farm" Sewer Interceptor

Public Works & Utilities

52 Sidewalk Maintenance

Public Works & Utilities

Annual maintenance to fix failed sidewalk or sidewalk that present trip hazards.

Complete

N/A

53 Street Maintenance - Chip Sealing

Public Works & Utilities

2025 chip sealing projects included School Road (Main St to Starlight Lane), W. Windor Ave (Sunset to
Parador Pl), Chateau Dr (Chillon St to Windsor Ave) and Chillon St (School to termini).

Complete

N/A

54 Street Maintenance - Crack Filling

Public Works & Utilities

55 2026 Streets and Pedestrian Improvements

Public Works & Utilities

Updated: 2.11.26

To provide the water system with needed redundancy on the north side of the Village

2025 crack filling projects will include cleaning and crack filling a variety of streets including W. Clover
Ln (N. Clover to N. Parkview), W. Parkview St (N. Parkview to Main St.), Pheasant Run (Termini to
Complete
Termini), Mourning Dove Trail (Damascus to Termini), Red Hawk Trail (Damascus to Termini) and
Damascus Trail (Killian Trail to London)
Improvements slated include the following: Clearbrooke Terrace (Bonnie Rd to Weald Bridge),
Project will be advertised for bid on February 18th and 25th
Stoneheath End, Nightingale Ln (Parkview to School), Cottage Court, and the Johnson Health Tech Multi- with bids being opened on March 4th. Project to be discussed
Use Path. A new multi-use path will be constructed for the missing links on Buss Road and Cottage Grove and awarded at the March Public Works and Village Board
Road to Damascus Trail.
meetings.

NA

Construction to begin this spring.

Staff Memo
Meeting Date:

February 16, 2026

Memo Date:

February 10, 2026

To:

Village Board

From:

Cameron Sawyer, Assistant Administrator/Finance Director

Subject:

2025 Budget Amendment (2025-012)

Proposed Amendment:
Shady Grove Project cost to incur in 2026 (decrease budgeted expense 2025/increase budgeted expense 2026)
2025 Park Development Fund revenue/expense budget allocations
2025 additional room tax revenue and corresponding expenses.
Stormwater project to be finalized in 2026 (decrease budgeted rev/exp 2025/increase budgeted rev/exp 2026)
2026 Street Project cost incurred in 2025 (increase budgeted expense 2025/decrease budgeted expense 2026)
2026 Budgeted Vehicles purchased in 2025 (increase budgeted expense 2025/decrease budgeted expense 2026)
Increase Police Station budget to 2025 costs (increase budgeted expense 2025/decrease budgeted expense 2026)
2025 Engineering Project cost to incur in 2026 (increase budgeted exp 2025/decrease budgeted exp 2026)
2026 Engineering Project cost to incur in 2026 (decrease budgeted exp 2025/increase budgeted exp 2026)
2025 Tail and Intersection Project costs to incur in 2026(decrease budgeted exp 2025/increase budgeted exp 2026)
2025 TID 9 lease revenue and final costs
Account
Description
Budget
Amendment
Change
205-46000-000 Park development fees
250,000
258,225
8,225
205-48110-000 Interest On Investments
20,000
40,000
20,000
205-48510-100 Donations
17,000
7,000
(10,000)
205-55000-210 Professional Services
2,500
13,600
11,100
205-55000-340 Misc - Operating and Supplies
7,500
14,625
7,125
205-57500-000 Shady Grove Park
575,000
50,372
(524,628)
207-41125-000 Municipal Room Tax
140,000
170,300
30,300
207-56700-220 Post Development Grant
36,000
47,300
11,300
207-56700-230 Tourism 70% share
98,000
119,300
21,300
207-56700-340 Unrestricted Funds
9,000
6,700
(2,300)
410-43520-000 State Aid - Stormwater
82,500
31,135
(51,365)
410-57300-840 Stormwater Planning
165,000
124,539
(40,461)
411-57300-000 Annual Road,Sidewalk,Chipseal
1,081,000
1,100,622
19,622
411-57300-026 2026 Equipment Purchases
50,880
50,880
411-57500-026 2026 Equipment Purchases
59,223
59,223
412-57200-024 Police Station
845,000
896,712
51,712
412-57200-025 2025 - Engineering
93,902
81,730
(12,172)
412-57300-026 2026 - Engineering
125,000
46,450
(78,550)
412-57300-125 E Taylor/Weald Bridge/Main St.
90,000
53,162
(36,838)
412-57300-225 Bike Path Extension Southing G
485,500
435,716
(49,784)
509-48460-000 Miscellaneous Income
138,000
45,200
(92,800)
509-51410-340 Operating Supplies and Expense
58,000
63,800
5,800

Recommendation:
Approve the budget amendment as presented.

The Village of Cottage Grove, WI

Staff Memo
Meeting Date:

February 16, 2026

Memo Date:

February 10, 2026

To:

Village Board

From:

Cameron Sawyer, Assistant Administrator/Finance Director

Subject:

2026 Budget Amendment (2026-001)

Proposed Amendment:
Stormwater project to be finalized in 2026 (decrease budgeted rev/exp 2025/increase budgeted rev/exp 2026)
2026 Street Project cost incurred in 2025 (increase budgeted expense 2025/decrease budgeted expense 2026)
2026 Budgeted Vehicles purchased in 2025 (increase budgeted expense 2025/decrease budgeted expense 2026)
2026 Police Station Project cost reduced by 2024 and 2025 expenditures. ($255,950 & $896,712)
2025 Engineering Project cost to incur in 2026 (increase budgeted exp 2025/decrease budgeted exp 2026)
2026 Engineering Project cost to incur in 2026 (decrease budgeted exp 2025/increase budgeted exp 2026)
2025 Tail and Intersection Project costs to incur in 2026(decrease budgeted exp 2025/increase budgeted exp 2026)
2026 TID 9 lease revenue and associated costs not known during 2026 budget
Account
410-57300-840
410-43520-000
411-57300-000
411-57300-026
411-57500-026
412-57200-024
412-57300-025
412-57300-026
412-57300-125
412-57300-225
205-57500-000

Description
Stormwater Planning
State Aid - Stormwater
Annual Road,Sidewalk,Chipseal
2026 Equipment Purchases
2026 Equipment Purchases
Police Station
2025 - Engineering
2026 - Engineering
E Taylor/Weald Bridge/Main St.
Bike Path Extension Southing G
Shady Grove Park

Budget
1,051,000
250,600
197,500
16,276,861
-

Recommendation:
Approve the budget amendment as presented.

The Village of Cottage Grove, WI

Amendment
40,461
51,365
1,031,378
199,720
138,277
15,124,199
12,172
78,550
36,838
49,784
524,628

Change
40,461
51,365
(19,622)
(50,880)
(59,223)
(1,152,662)
12,172
78,550
36,838
49,784
524,628

Staff Memo
Meeting Date:

February 16, 2026

Memo Date:

February 10, 2026

To:

Village Board

From:

Matt Giese, Village Administrator
Cameron Sawyer, Assistant Administrator/Finance Director

Subject:

Pay Application 2

Overview:
Riley Construction submitted pay application 2 on February 3, 2026, with $173,709.09 completed cost
through January 31, 2026. Completed cost to date represents 1.3% of the $13,240,585 construction
contract. Of the completed cost through January 31, 2026, $8,685.45 is being held as a retainage by the
Village.
Recommendation of payment:
Engberg Anderson, Director O’Loughlin, Director Ruth, and Chief Garry reviewed the pay application for
recommendation of payment by February 10, 2026.
• Engberg noted general conditions are typically larger early on and taper off. Costs submitted
relate to shop drawings. Total amount related to this draw was $55,723.06.
Administration review of pay request:
Administrator Giese and Director Sawyer reviewed recommendation to pay request.
• No additional comments. Recommend payment of $52,936.91 ($55,723.06 work completed less
current additional retainage).

The Village of Cottage Grove, WI

VILLAGE OF COTTAGE GROVE

Payment Approval Report - for Board
Report dates: 2/17/2026-2/17/2026

Vendor

Vendor Name

Invoice Number

Description

Page:

1

Feb 13, 2026 09:55AM
GL Account Number

Net
Invoice Amount

Ace Hardware
2688 Ace Hardware

170024-01/31/2026

Ace January Charges

100-53300-340

106.14

2688 Ace Hardware

170024-01/31/2026

Ace January Charges

600-60935-340

22.75

2688 Ace Hardware

170024-01/31/2026

Ace January Charges

601-60834-340

22.75

2688 Ace Hardware

170024-01/31/2026

Ace January Charges

600-60930-340

17.98

2688 Ace Hardware

170024-01/31/2026

Ace January Charges

100-55200-340

205.63

Total Ace Hardware:

375.25

ADS Mechanical
243 ADS Mechanical

31114

Park and Rec Area HVAC Repair

410-57100-820

859.57

243 ADS Mechanical

31128

Vilas Rd Lift Station Repairs

601-60834-340

1,138.69

Total ADS Mechanical:

1,998.26

Alliant Energy/WPL
31 Alliant Energy/WPL

31-021726

0381864652 - Red Hawk Trl Shelter

100-55200-340

28.50

31 Alliant Energy/WPL

31-021726

1922710000 - Community Park Batting Cage

100-55200-340

16.93

31 Alliant Energy/WPL

31-021726

3017850000 - Northlawn Shelter

100-55200-340

44.60

31 Alliant Energy/WPL

31-021726

9745820000 - Firemans Park

100-55200-340

23.32

31 Alliant Energy/WPL

31-021726

9892110000 - Dublin Park Shelter

100-55200-340

32.41

31 Alliant Energy/WPL

31-021726

3245730000 - Community Park Shelter

100-55200-340

32.70

31 Alliant Energy/WPL

31-021726

3655740000 - Lions Shelter

100-55200-340

41.65

31 Alliant Energy/WPL

31-021726

4106270067 - Weald Bridge Rd Shelter

100-55200-340

35.36

31 Alliant Energy/WPL

31-021726

5163650000 - RH Huston Park Shelter

100-55200-340

35.08

31 Alliant Energy/WPL

31-021726

5843775363 - Skate Park

100-55200-340

27.80

31 Alliant Energy/WPL

31-021726

6345350000 - W Reynolds St Shed

100-55200-340

25.70

31 Alliant Energy/WPL

31-021726B

1211620000 - 4064 Vilas Rd

100-55200-710

194.49

31 Alliant Energy/WPL

31-021726B

1747106660 - Bakken Park Restroom

100-55200-710

34.38

31 Alliant Energy/WPL

31-312 N Main St -

9932368163 - 612 N Main St

509-51410-340

221.28

Total Alliant Energy/WPL:

794.20

APG Media of Southern Wisconsin
6540 APG Media of Southern Wisconsin

35995-0126

Village Board Minutes

100-51420-340

Total APG Media of Southern Wisconsin:

223.45
223.45

Badger Welding Supplies Inc
33 Badger Welding Supplies Inc

3921671

Monthly Cylinder Lease

100-53300-340

8.68

33 Badger Welding Supplies Inc

3921671

Monthly Cylinder Lease

600-60935-340

1.86

33 Badger Welding Supplies Inc

3921671

Monthly Cylinder Lease

601-60834-340

1.86

Total Badger Welding Supplies Inc:

12.40

Baycom Inc
1224 Baycom Inc

EQUIPINV_060087

Squad Upfit Expenses

411-57200-026

3,395.00

1224 Baycom Inc

EQUIPINV_060087

Squad Upfit Expenses

411-57200-026

3,395.00

Total Baycom Inc:

6,790.00

Bond Trust Services Corporation
5353 Bond Trust Services Corporation

102984

Fiscal Agent Fee - Ref 102984

300-58200-691

400.00

5353 Bond Trust Services Corporation

102985

Fiscal Agent Fee - Ref 102985

300-58200-691

400.00

5353 Bond Trust Services Corporation

102986

Fiscal Agent Fee - Ref 102986

300-58200-691

400.00

5353 Bond Trust Services Corporation

102987

Fiscal Agent Fee - Ref 102987

300-58200-691

400.00

5353 Bond Trust Services Corporation

102988

Fiscal Agent Fee - Ref 102988

300-58200-691

400.00

VILLAGE OF COTTAGE GROVE

Payment Approval Report - for Board
Report dates: 2/17/2026-2/17/2026

Vendor

Vendor Name

Invoice Number

Description

Page:

2

Feb 13, 2026 09:55AM
GL Account Number

Net
Invoice Amount

5353 Bond Trust Services Corporation

102989

Fiscal Agent Fee - Ref 102989

300-58200-691

400.00

5353 Bond Trust Services Corporation

102990

Fiscal Agent Fee - Ref 102990

300-58200-691

400.00

Total Bond Trust Services Corporation:

2,800.00

CivicPlus
5600 CivicPlus

359656

CivicRec

100-55310-340

Total CivicPlus:

6,615.00
6,615.00

Corrpro Companies Inc
6018 Corrpro Companies Inc

817664

Water Tower & Tank Inspection

600-60650-340

Total Corrpro Companies Inc:

1,700.00
1,700.00

Cottage Grove Water & Sewer
189 Cottage Grove Water & Sewer

189-021726

1270.00 - Community Park

100-55200-340

47.94

189 Cottage Grove Water & Sewer

189-021726

2350.00 - Firemans Park Bubbler

100-55200-340

28.10

189 Cottage Grove Water & Sewer

189-021726

2355.00 - Firemans Park Food Stand

100-55200-340

47.94

189 Cottage Grove Water & Sewer

189-021726

2360.00 - Lions Shelter

100-55200-340

47.94

189 Cottage Grove Water & Sewer

189-021726

6713.00 - Northlawn Park Shelter

100-55200-340

91.52

189 Cottage Grove Water & Sewer

189-021726

8465.00 - RG Huston Park

100-55200-340

47.94

189 Cottage Grove Water & Sewer

189-021726B

52005.00 - Bakken Park Shelter

100-55200-710

155.85

189 Cottage Grove Water & Sewer

189-021726B

52007.00 - Bakken Park Shelter 2

100-55200-710

91.52

189 Cottage Grove Water & Sewer

189-021726I

2362.00 - Firemans Park Irrigation System

205-55000-340

181.35

189 Cottage Grove Water & Sewer

189-021726L

52000.00 - Vilas Rd Lift Station

601-60850-340

632.77

189 Cottage Grove Water & Sewer

189-021726L

1805.00 - 110 S. Main Lift Station

601-60850-340

178.43

189 Cottage Grove Water & Sewer

189-021726P

Progress Drive

100-51600-340

605.02

189 Cottage Grove Water & Sewer

189-021726P

Progress Drive

600-60920-340

53.38

189 Cottage Grove Water & Sewer

189-021726P

Progress Drive

601-60850-340

53.38

189 Cottage Grove Water & Sewer

189-021726S

8990.01 - 225 Bonnie Rd

601-60850-340

10.79

189 Cottage Grove Water & Sewer

189-021726S

8990.01 - 225 Bonnie Rd

600-60920-340

10.79

189 Cottage Grove Water & Sewer

189-021726S

8990.01 - 225 Bonnie Rd

100-51600-340

32.38

189 Cottage Grove Water & Sewer

189-021726VH

2783.00 - Village Hall

100-51600-340

47.73

189 Cottage Grove Water & Sewer

189-021726VH

2783.00 - Village Hall

600-60920-340

15.91

189 Cottage Grove Water & Sewer

189-021726VH

2783.00 - Village Hall

601-60850-340

15.91

189 Cottage Grove Water & Sewer

189-021726W

50000.00 - Well House #4

600-60920-340

52.46

Total Cottage Grove Water & Sewer:

2,449.05

Crystal Cleaners Inc
5220 Crystal Cleaners Inc

34491

January Cleaning at MSB

100-51600-340

361.20

5220 Crystal Cleaners Inc

34491

January Cleaning at MSB

600-60935-340

77.40

5220 Crystal Cleaners Inc

34491

January Cleaning at MSB

601-60834-340

77.40

5220 Crystal Cleaners Inc

34492

January Cleaning - PD

100-52100-340

476.00

5220 Crystal Cleaners Inc

34493

January Cleaning - Village Hall

100-51600-340

240.00

5220 Crystal Cleaners Inc

34493

January Cleaning - Village Hall

600-60935-340

80.00

5220 Crystal Cleaners Inc

34493

January Cleaning - Village Hall

601-60834-340

80.00

Total Crystal Cleaners Inc:

1,392.00

Cummins Sales and Service
3950 Cummins Sales and Service
Total Cummins Sales and Service:

4Q-260211270

Replace Block Heater - Village Hall

410-57100-820

1,286.00
1,286.00

VILLAGE OF COTTAGE GROVE

Payment Approval Report - for Board

Page:

Report dates: 2/17/2026-2/17/2026
Vendor

Vendor Name

Invoice Number

Description

3

Feb 13, 2026 09:55AM
GL Account Number

Net
Invoice Amount

Dane County Clerk of Courts
6558 Dane County Clerk of Courts

6558-021726

Refund of Bond - 900585 & 900586

100-23300

Total Dane County Clerk of Courts:

1,122.60
1,122.60

Dane County Treasurer
195 Dane County Treasurer

195-021726

January 2026 Fines and Forfeitures

100-24300

Total Dane County Treasurer:

1,077.60
1,077.60

Decker Supply Co Inc
6445 Decker Supply Co Inc

935485

Park Signs

100-55200-340

Total Decker Supply Co Inc:

67.90
67.90

Dept of Administration
2139 Dept of Administration

2139-021726

January 2026 Fines and Forfeitures

100-24200

Total Dept of Administration:

2,974.18
2,974.18

Diggers Hotline Inc
626 Diggers Hotline Inc

260 1 13551

Diggers Hotline Charges

601-60850-340

51.30

626 Diggers Hotline Inc

260 1 13551

Diggers Hotline Charges

600-60920-340

51.30

Total Diggers Hotline Inc:

102.60

DNR Accounts Receivable
4108 DNR Accounts Receivable

370-0000044706

ER Review for Gaston-TT Water Main

600-39501

Total DNR Accounts Receivable:

75.00
75.00

Engberg Anderson Inc
7329 Engberg Anderson Inc

24372600-17

Police Station Design

412-57200-024

Total Engberg Anderson Inc:

2,320.00
2,320.00

Ferguson Waterworks #1476
6125 Ferguson Waterworks #1476

0468040

Hydrant Head - CLAIM BCLM CP 000000492243

600-60654-340

6125 Ferguson Waterworks #1476

0468539

Meter Swivels

600-34600

615.00

6125 Ferguson Waterworks #1476

0468540

Meter Swivels

600-34600

1,739.88

Total Ferguson Waterworks #1476:

3,782.00

6,136.88

First Supply LLC
7290 First Supply LLC

15009092-00

Marking Paint

601-60834-340

44.28

7290 First Supply LLC

15009092-00

Marking Paint

600-60651-340

44.28

Total First Supply LLC:

88.56

Flock Group Inc
6974 Flock Group Inc

INV-82886

Solar Video Camera

100-52100-340

Total Flock Group Inc:

1,000.00
1,000.00

General Engineering Company
6535 General Engineering Company

6535-021726

January Building Permits

100-52400-210

10,819.40

VILLAGE OF COTTAGE GROVE

Payment Approval Report - for Board

Page:

Report dates: 2/17/2026-2/17/2026
Vendor

Vendor Name

Invoice Number

Description

4

Feb 13, 2026 09:55AM
GL Account Number

Net
Invoice Amount

Total General Engineering Company:

10,819.40

Grainger
142 Grainger

9801164717

Well 3 Part

600-60602-340

Total Grainger:

194.23
194.23

Halron Lubricants Inc
6883 Halron Lubricants Inc

1697976-00

Vehicle Maintenance

100-53300-340

42.27

6883 Halron Lubricants Inc

1697976-00

Vehicle Maintenance

600-60933-380

9.06

6883 Halron Lubricants Inc

1697976-00

Vehicle Maintenance

601-60834-340

9.06

Total Halron Lubricants Inc:

60.39

Heartland Ecological Group Inc
7483 Heartland Ecological Group Inc

20251638-02

Wetland Delineation

600-39501

Total Heartland Ecological Group Inc:

1,750.00
1,750.00

HydroCorp Inc
6454 HydroCorp Inc

CI10806

Cross Connection Control Program

600-60923-210

Total HydroCorp Inc:

1,043.66
1,043.66

Johnson Block & Company Inc
6906 Johnson Block & Company Inc

532979

February Managed Services

100-51520-210

4,625.99

6906 Johnson Block & Company Inc

532979

February Managed Services

600-60923-210

2,313.00

6906 Johnson Block & Company Inc

532979

February Managed Services

601-60852-210

2,313.00

Total Johnson Block & Company Inc:

9,251.99

KineOasis
7356 KineOasis

02052026-2026

SENIOR BALLET S1, 26

100-55310-351

Total KineOasis:

225.00
225.00

Landmark Services Cooperative
3 Landmark Services Cooperative

3-021726

January Fuel

100-53300-385

1,714.96

3 Landmark Services Cooperative

3-021726

January Fuel

600-60933-385

367.49

3 Landmark Services Cooperative

3-021726

January Fuel

601-60828-385

367.49

Total Landmark Services Cooperative:

2,449.94

Minuteman Press
7273 Minuteman Press

110055

December Utility Bills

600-60903-340

863.63

7273 Minuteman Press

110055

December Utility Bills

601-60850-340

863.62

6530 Minuteman Press

38790-2026

Extra Vball Big 10 Shirts

100-55310-349

31.78

Total Minuteman Press:

1,759.03

Napa Auto Parts
167 Napa Auto Parts

046128

Fleet Maintenance

100-53300-340

186.50

167 Napa Auto Parts

046128

Fleet Maintenance

600-60933-380

39.96

167 Napa Auto Parts

046128

Fleet Maintenance

601-60834-340

39.96

167 Napa Auto Parts

781172

Fleet Maintenance

100-53300-340

72.03

167 Napa Auto Parts

781172

Fleet Maintenance

600-60933-380

15.44

VILLAGE OF COTTAGE GROVE

Payment Approval Report - for Board

Page:

Report dates: 2/17/2026-2/17/2026
Vendor

Vendor Name

Invoice Number

Description

5

Feb 13, 2026 09:55AM
GL Account Number

Net
Invoice Amount

167 Napa Auto Parts

781172

Fleet Maintenance

601-60834-340

Total Napa Auto Parts:

15.44
369.33

Overhead Door Company of Madison Inc
5711 Overhead Door Company of Madison In 39266

Garage Door Repair

410-57100-820

Total Overhead Door Company of Madison Inc:

1,097.50
1,097.50

Pellitteri Waste Systems
2506 Pellitteri Waste Systems

6634127

February Services

100-53620-295

25,027.75

2506 Pellitteri Waste Systems

6634127

February Services

100-53620-296

11,472.05

Total Pellitteri Waste Systems:

36,499.80

Public Administration Associates LLC
6795 Public Administration Associates LLC

C-26-018

Fire and EMS Study

410-57100-261

Total Public Administration Associates LLC:

5,755.69
5,755.69

Quadient
6410 Quadient

INV62557936

Meter Rental

100-51420-340

39.19

6410 Quadient

INV62557936

Meter Rental

600-60903-340

13.07

6410 Quadient

INV62557936

Meter Rental

601-60850-340

13.07

6410 Quadient

INV62557936

Postage

100-51440-340

902.65

Total Quadient:

967.98

Quill LLC
12 Quill LLC

47756634

Copy Paper

100-51420-340

23.99

12 Quill LLC

47756634

Copy Paper

600-60920-340

8.00

12 Quill LLC

47756634

Copy Paper

601-60850-340

8.00

Total Quill LLC:

39.99

RG Huston Company Inc
371 RG Huston Company Inc

1596

Dumping Spoils

100-53620-340

Total RG Huston Company Inc:

16.98
16.98

Riley Construction Company Inc
7502 Riley Construction Company Inc

625719-2

Police Station Construction

412-21900

2,786.15-

7502 Riley Construction Company Inc

625719-2

Police Station Construction

412-57200-024

55,723.06

Total Riley Construction Company Inc:

52,936.91

Securian Financial Group Inc
10 Securian Financial Group Inc

March 2026

March 2026 Life Insurance

100-21530

Total Securian Financial Group Inc:

2,141.67
2,141.67

Sirchie Acquisition Company LLC
7514 Sirchie Acquisition Company LLC
Total Sirchie Acquisition Company LLC:

0730108-IN

Evidence Supplies

100-52100-340

55.78
55.78

VILLAGE OF COTTAGE GROVE

Payment Approval Report - for Board

Page:

Report dates: 2/17/2026-2/17/2026
Vendor

Vendor Name

Invoice Number

Description

6

Feb 13, 2026 09:55AM
GL Account Number

Net
Invoice Amount

SSM Health at Work - Fond du Lac
7266 SSM Health at Work - Fond du Lac

47605

MRO Review Charge - Yearous

600-60920-340

20.50

7266 SSM Health at Work - Fond du Lac

47605

MRO Review Charge - Yearous

601-60850-340

20.50

7266 SSM Health at Work - Fond du Lac

47605

Consortium Fee

100-53100-340

36.00

7266 SSM Health at Work - Fond du Lac

47605

Consortium Fee

600-60920-340

36.00

7266 SSM Health at Work - Fond du Lac

47605

Consortium Fee

601-60850-340

36.00

7266 SSM Health at Work - Fond du Lac

47605

MRO Review Charge - Hornung

100-53100-340

29.00

7266 SSM Health at Work - Fond du Lac

47605

MRO Review Charge - Hornung

600-60920-340

6.00

7266 SSM Health at Work - Fond du Lac

47605

MRO Review Charge - Hornung

601-60850-340

6.00

Total SSM Health at Work - Fond du Lac:

190.00

SSM Health Medical Group
6176 SSM Health Medical Group

4620045

Drug & Alcohol Screening - Yearous

601-60850-340

6176 SSM Health Medical Group

4620045

Drug & Alcohol Screening - Yearous

600-60920-340

17.00

6176 SSM Health Medical Group

4620045

Drug & Alcohol Screening - Hornung

100-53100-340

55.30

6176 SSM Health Medical Group

4620045

Drug & Alcohol Screening - Hornung

600-60920-340

11.85

6176 SSM Health Medical Group

4620045

Drug & Alcohol Screening - Hornung

601-60850-340

11.85

6176 SSM Health Medical Group

4620046

MRO Fee - Radke/Paulat

100-52100-340

106.00

Total SSM Health Medical Group:

17.00

219.00

Superior Chemical LLC
11 Superior Chemical LLC

434314

Hydrant Supplies

600-60654-340

171.75

11 Superior Chemical LLC

434314

Degreaser

601-60831-340

1,388.71

Total Superior Chemical LLC:

1,560.46

Tapco Inc
105 Tapco Inc

I818053

Traffic Suite

411-57200-026

Total Tapco Inc:

3,825.00
3,825.00

The Shoe Box LTD
7256 The Shoe Box LTD

91467

Josh Work Boots

100-55200-340

189.00

7256 The Shoe Box LTD

91468

Work Boots Tom

100-55200-340

198.00

Total The Shoe Box LTD:

387.00

Total Water Treatment Systems
4987 Total Water Treatment Systems

655978

Police Department

100-52100-340

183.40

4987 Total Water Treatment Systems

655978

Village Hall

100-51420-340

33.38

4987 Total Water Treatment Systems

655978

Village Hall

600-60920-340

11.13

4987 Total Water Treatment Systems

655978

Village Hall

601-60850-340

11.13

Total Water Treatment Systems:

239.04

Town of Cottage Grove
92 Town of Cottage Grove

92-222026

0711-034-2862-7

100-21100

Total Town of Cottage Grove:

3,234.57
3,234.57

USA Blue Book
150 USA Blue Book
Total USA Blue Book:

INV00959353

Testing Supplies

600-60632-340

100.68
100.68

VILLAGE OF COTTAGE GROVE

Payment Approval Report - for Board
Report dates: 2/17/2026-2/17/2026

Vendor

Vendor Name

Invoice Number

Description

Page:

7

Feb 13, 2026 09:55AM
GL Account Number

Net
Invoice Amount

WI State Laboratory of Hygiene
6373 WI State Laboratory of Hygiene

833264

Fluoride

600-60632-340

Total WI State Laboratory of Hygiene:

31.00
31.00

Wisconsin Rural Water Association
6458 Wisconsin Rural Water Association

6458-021726

Online Training Class - Kristen

600-60920-340

30.00

6458 Wisconsin Rural Water Association

6458-021726

Online Training Class - Kristen

601-60850-340

30.00

Total Wisconsin Rural Water Association:
Grand Totals:

60.00
178,682.95