The Docket · Government Meeting · DKT-2026-000482

On the agenda: Prescott meeting — FLOCK SAFETY (May 11)

Past ⚠ Agenda Watch Prescott, Wisconsin · Monday, May 11, 2026 — 5 months ago

About this record

The published agenda for the May 11, 2026 meeting contains: "FLOCK SAFETY". The meeting has passed. The agenda stays here as a permanent public record.

WhenMonday, May 11, 2026
Check the agenda document for the meeting time.

WherePrescott, Wisconsin

Money$100,000 was at stake

On the record“FLOCK SAFETY”

The agenda, word for word

Government public record — the full text of the published document, archived August 18, 2026. Gold highlighting of key terms is ours, not the original’s. Read the original document ↗

85 pages · scroll to read

Page 1 of 85

CITY OF PRESCOTT, WISCONSIN
MEETING NOTICE
REGULAR CITY COUNCIL MEETING
MONDAY, MAY 11, 2026, AT 6:00 P.M.
800 BORNER STREET
PRESCOTT, WI 54021
AGENDA
1. CALL TO ORDER
2. ROLL CALL
3. PLEDGE OF ALLEGIANCE
4. PUBLIC COMMENTS – THE CITY COUNCIL WILL RECEIVE PUBLIC COMMENTS
ON ANY ISSUE(S) RELATED TO AGENDA ITEMS. LIMITED DISCUSSION BY THE CITY COUNCIL
MAY TAKE PLACE.
5. PROCLAMATION
1.
Recognizing June 2nd as Mississippi River Day
6. CONSENT AGENDA
1.
City Council Organizational Minutes – April 21, 2026
2.
City Council Minutes – April 27, 2026
3.
Plan Commission Minutes – May 4, 2026
4.
Tourism Committee Minutes – May 5, 2026
5.
General Fund Balances – April 2026
6.
Cash Balances – April 2026
7.
Paid Invoices Report - April 2026
8.
Special Event Permit – Jensen and Wojeck Wedding on June 19, 2026 from 2:00 pm – 9:00 pm at
Freedom Park
7. REPORTS OF STANDING COMMITTEES AND COMMISSIONS
A. FINANCE COMMITTEE
B. PLANNING COMMISSION
1.
Plan Commission Report – Monday, May 4
2.
Next Meeting – Monday, June 1, 2026, at 6:00 PM
C. PARKS & PUBLIC WORKS
1.
Next Meeting – Monday, May 18, 2026, at 5:00 PM
D. HEALTH & SAFETY
1.
Health and Safety Committee Report – Monday, May 11
2.
Next Meeting – Monday, July 13, 2026, at 5:00 PM
E. PERSONNEL
1.
Personnel Committee Report - Wednesday, May 6
2.
Next Meeting - TBD
8. COMMUNICATIONS & NEW BUSINESS
1.

PUBLIC COMMENTS – The City Council will receive public comments on any issue(s) not related to
agenda items. Limited discussion by the City Council may take place; however, no action will be taken
on any items. This includes receiving written requests or documentation and possible action at a future
meeting.

Page 2 of 85

Resolution 24-26 Providing for the Issuance and Sale of General Obligation Promissory Notes, Series
2026A, of the City of Prescott, Wisconsin

Resolution 25-26 Approving the Final Plat for Walnut Circle

Resolution 26-26 Approving a Development Agreement Between the City of Prescott and TB-Prescott,
LLC

Approving the Cancellation of the City Council Meeting for Monday, May 25 Due to the Memorial Day
Holiday

9. OTHER BUSINESS
1.

Discussion on Holding Council Workshop on Wednesday, May 27 at 5:00 PM

10. CLOSED SESSION
1.

None

NOTICE
ACCESS TO THE MUNICIPAL BUILDING FOR THE DISABLED IS AVAILABLE THROUGH THE REAR
PARKING LOT ENTRANCE. ALL THOSE WITH SPECIAL NEEDS SHOULD CALL CITY HALL OFFICES
(715-262-5544) IF ASSISTANCE IS NEEDED

Page 3 of 85

THE CITY OF PRESCOTT

Proclamation
RECOGNIZING JUNE 2ND AS MISSISSIPPI RIVER DAY
WHEREAS, The Mississippi River is more than just a waterway-it's a lifeline for millions of
people, a haven for wildlife, and a source of inspiration, recreation, and
connection. Spanning 2,350 miles and uniting ten mainstem states and 32 tributary
states within its vast watershed, from the wild rice beds in Minnesota to the oyster
reefs in Louisiana, the River nourishes communities, supports livelihoods, and
brings people together. Today, we honor its importance and commit to protecting
its future.
WHEREAS, for thousands of years, the Mississippi River has been deeply woven into the lives
of Indigenous peoples, sustaining communities and holding profound cultural
significance; and
WHEREAS, the River provides drinking water for over 20 million Americans, fuels local
economies through commerce, agriculture, tourism, and recreation; and
WHEREAS, the River is the heart of a migratory flyway for 60% of North America's bird
species, and home to hundreds of fish, amphibians, reptiles, and mammal species,
making it one of the world's most important ecological corridors; and
WHEREAS, pollution, habitat destruction, and climate change threaten the health of the River
and the communities that depend on it, requiring collaboration across states,
agencies, individuals, communities, and organizations to restore and protect this
natural treasure; and
WHEREAS, One Mississippi and its network of 78 organizations and 20,000 River Citizens
invite all to take action-through conservation efforts, advocacy, or simply enjoying
the River and building community-especially during River Days of Action
(June 1-15), when people unite to restore, celebrate, and advocate for a healthier
River;
NOW, THEREFORE, BE IT RESOLVED, that I, Michael H. Gerke, Mayor, do hereby
proclaim June 2nd as Mississippi River Day, encouraging all to celebrate, protect,

Page 4 of 85

and restore this incredible River by participating in events, becoming a One
Mississippi River Citizen, and taking action for a cleaner, healthier future.
IN WITNESS WHEREOF, I have hereunto set my hand and caused the Seal of
the City of Prescott to be affixed this 11th day of May 2026.
________________________________
Michael H. Gerke, Mayor
ATTEST:
________________________________
Rashel Temmers, City Clerk

Page 5 of 85

April 21, 2026, Organizational Council Meeting Minutes
Pursuant to due call and notice thereof, the City Council Organizational Meeting of the Prescott City
Council was held on Monday, April 21, 2026, in the Prescott Municipal Building, 800 Borner St.,
Prescott, WI 54021.
1.

CALL TO ORDER

Mayor Gerke called the Organizational City Council meeting to order, April 21, 2026, at 5:55 p.m.
2.

ROLL CALL

Members present for the roll call were Maureen Otwell, Dar Hintz, Ben Bettis, and Lindsey Sorenson.
Adam Granquist was excused. Also present were City Administrator Matt Wolf, Clerk Rashel
Temmers, Liz Gerke, and Kristi Myhre from KDWA.
3.

ORGANIZATIONAL ITEMS
a. Oath of Office to Mayor, Michael Gerke.
Clerk, Rashel Temmers, administered the oath of office to Mayor Michael Gerke.
b. Election of Council President of the Common Council (The Common Council will
elect the President of the Council after the Mayor receives nominations from the
Council Members present)
Sorenson/Hintz motioned to nominate Ben Bettis as Council President. There
was no discussion on the motion. Bettis was elected as President of the Common
Council by a vote of 4 to 0.
c. Confirmation of Mayor Appointments of Common Council Members to the Standing
Committees of the Common Council: Finance, Health and Public Safety, Parks and
Public Works Committee, and Personnel Committee
Hintz/Sorenson motioned to approve the confirmation of the common council
members to the standing committees. No further discussion on the motion.
Motion passed without a negative voice vote.
d. Confirmation of Mayor Appointments of Common Council members to serve as
Voting Members of the Following Boards, Commissions, and Committees
i. Board of Review – Alderpersons Bettis, Sorenson, and Hintz
ii. Friends of Freedom Park – Mayor Gerke
iii. Library Board – Alderperson Granquist
iv. Plan Commission – To Be Determined
v. Prescott Area Fire & EMS Association – Alderperson Sorenson
Hintz/Bettis motioned to approve the mayor’s appointments of common council
members to serve as voting members of the Board of Review, Friends of
Freedom Park, Library Board, Plan Commission, and Prescott Area Fire &
EMS Association. No further discussion on the motion. Motion passed without
a negative voice vote.
e. Common Council Confirmation of Reappointments of Citizen Members to:
i. Plan Commission – Kate Otto
ii. Library Board – Susan Oney
iii. Library Board – Penny Peterson
iv. Police Commission – Tom Gotzinger
v. Prescott Housing Authority – Audrey Johnston

Page 6 of 85

Hintz/Bettis motioned to approve the confirmation of appointments of citizen
members to the Plan Commission, Library Board, Police Commission, Prescott
Housing Authority, and the Cable Commission. Wolf stated that there are still
vacancies on the Cable Commission and the Fire & EMS Association. No
further discussion on the motion. Motion passed without a negative voice vote.
f.

Confirmation of Appointments:
i. City Engineer – Greg Adams, Cedar Corporation
ii. City Attorney – Christopher Gierhart – Weld Riley
iii. Municipal Court Attorney – Kevin Urbik, Heywood, Cari & Anderson
iv. Public Newspaper – Pierce County Journal
Hintz/Bettis motioned to approve the confirmation of appointments of the City
Engineer, City Attorney, Municipal Court Attorney, and Public Newspaper. No
further discussion on the motion. Motion passed without a negative voice vote.

g. Resolution 22-26 Designating Public Depositories and Authorizing Withdrawal of
City Monies
City Administrator Matt Wolf reviewed Resolution 22-26. At the Organizational
Meeting, public depositories are designated. The following, being qualified public
depositories under Chapter 34 of the Wisconsin Statutes, shall be and are hereby
designated as public depositories of all public moneys coming into the hands of the
City of Prescott: First National Bank of River Falls, Local Government Investment
Pool, Old National Bank, Hiawatha National Bank, Citizens State Bank, and Citizens
Community Federal Bank. Hintz/Otwell motioned to approve Resolution 22-26
Designating Public Depositories and Authorizing Withdrawal of City Monies.
No further discussion on the motion. Motion passed without a negative voice
vote.
h. Review of Wisconsin Compliance and Regulations:
i. Open Meeting Regulations
ii. Convening of Members – Correspondence
iii. Ethics Regulations
iv. Resources for Local Officials
City Administrator Matt Wolf reviewed Wisconsin Compliance and Regulations.
Wisconsin State Statute 19.82 defines that all meetings of local governmental bodies
shall be publicly held in places reasonably accessible to members of the public and
shall be open to all citizens, unless otherwise expressly provided by law.
i.

Discussion and Determine Next Steps on Filling the At-large Alderperson Vacancy
City Administrator Matt Wolf stated that he has spoken to Bailey Ruona about the
At-Large Vacancy, and she would accept if she were offered the position.
Hintz/Bettis motioned to approve Bailey Ruona to fill the open At-Large
Alderperson Vacancy. There was no discussion on the motion. Motion passed
without a negative voice vote.

4. OTHER BUSINESS
No other business was discussed.
5. ADJOURNMENT
Bettis/Hintz motioned to adjourn the Organizational City Council meeting at 6:10 p.m. There was
no discussion on the motion. Motion passed without a negative voice vote.
Respectfully Submitted,

Page 7 of 85

Rashel Temmers
Clerk

Page 8 of 85

April 27, 2026, City Council Meeting Minutes
Pursuant to due call and notice thereof, the City Council Meeting of the Prescott City Council was
held on Monday, April 27, 2026, in the Prescott Municipal Building, 800 Borner St., Prescott, WI
54021.
1.

CALL TO ORDER
Mayor Gerke called the regular City Council meeting to order on April 27, 2026, at 6:00 p.m.

ROLL CALL
Members present for the roll call were Bailey Ruona, Maureen Otwell, Adam Granquist, Dar
Hintz, and Ben Bettis. Lindsey Sorenson was excused. Also present were City Administrator
Matt Wolf, City Clerk Rashel Temmers, and Police Chief Eric Michaels.

PUBLIC COMMENTS ON AGENDA ITEMS
There were no public comments.

ORGANIZATIONAL ITEMS
1.
2.
3.

Resolution 23-26 Appointing Bailey Ruona to Fill a Vacancy in the At-Large
Alderperson Position
Oath of Office to Bailey Ruona
Approval of Council Appointments of Alderperson Ruona to the Plan Commission
and the Health and Safety Committee

1. City Administrator Matt Wolf provided a brief on Wisconsin State Statutes regarding
either holding a special election or appointing someone to complete the remainder of Mayor
Gerke’s aldermanic position. Since Mayor Gerke’s At-Large position will be on the ballot in
the Spring of 2027, it would be cost-effective to appoint someone to fulfill the position until
then. Hintz/Otwell motioned to approve Resolution 23-26 Appointing Bailey Ruona to
Fill a Vacancy in the At-Large Alderperson Position. There was no discussion on the
motion. Motion passed without a negative voice vote.
2. Clerk Temmers administered the Oath of Office to Bailey Ruona.
3. Hintz/Bettis motioned to approve the Council Appointments of Alderperson Ruona to
the Plan Commission and the Health and Safety Committee. There was no discussion on
the motion. Motion passed without a negative voice vote.
5.

CONSENT AGENDA
1.
2.
3.
4.
5.

City Council Minutes – April 13, 2026
Parks and Public Works Committee – April 20, 2026
Special Event Permit – Akey Graduation Party at Freedom Park – Sunday, May 24
from 12:30 PM – 4:00 PM
Special Event Permit – Friends of Freedom Park 20th Anniversary Party at Freedom
Park - Saturday, May 16 from 5:00 PM – 8:00 PM
Special Event Permit – Music in the Park at Freedom Park – May 21st, June 18th, July
16th, August 20th, and September 17th from 6:00 PM to 8:00 PM

Granquist/Ruona motioned to approve the consent agenda items 1 through 5. There
was no further discussion on the motion. The motion passed without a negative voice
vote.
6.

REPORTS OF STANDING COMMITTEES AND COMMISSIONS

Page 9 of 85

FINANCE COMMITTEE

PLANNING COMMISSION – Next meeting – Monday, May 4, 2026,
at 6:00 PM

PARKS & PUBLIC WORKS – Next meeting – Monday, May 18,
2026, at 5:00 PM
City Administrator Matt Wolf provided an overview of the Parks and Public
Works Committee meeting minutes from April 20, 2026.

HEALTH & SAFETY – Next meeting – May 11, 2026, at 5:00 PM

PERSONNEL - Next Meeting – Wednesday, May 6, 2026, at 5:00 PM

COMMUNICATIONS AND NEW BUSINESS
1.

PUBLIC COMMENTS – The City Council will receive public comments on any
issue(s) not related to agenda items. Limited discussion by the City Council may take
place; however, no action will be taken on any items. This includes receiving written
requests or documentation and possible action at a future meeting.
There were no public comments.

Approval of the Trail Concept Plan Connecting Magee Park to Walnut Circle
City Administrator Matt Wolf reviewed the proposed trail connection from Walnut
Circle to Magee Park under the development agreement. The city has approved the
preliminary plan, road plans, and development agreement for the Walnut Circle
subdivision. As part of the development agreement, the city is responsible for
constructing a trail connection between the Walnut Circle development and Magee
Park. The city has a $100,000 grant agreement with the Friends of Freedom
Park/Coulee River Trails and will provide up to $40,000 in matching funds. Coulee
River Trails has developed a concept plan to connect Walnut Circle to Magee Park,
which includes the following phases: Phase 1 – a 0.24-mile ADA-accessible trail
connection between Walnut Circle and Magee Park; Phase 2 – Future trail segments;
Phase 3 – Bridge locations; and Phase 4 – Mountain Bike trails. The Parks and
Public Works Committee reviewed the concept plan at their Monday, April 20th,
meeting and recommended sending the plan to Council by a vote of 3 to 0.
Alderperson Ruona asked if the trails meet the ADA requirements in terms of the
topography and grade, or if there will need to be major adjustments to get the trails
ADA-compliant. Wolf stated that the first 0.24 miles does, but the slope after that
does not, and will need work to make it ADA accessible. Alderperson Otwell noted
that there is $10,000 from the Friends of Freedom Park and the Coulee River Trails
Group, but there needs to be an additional $40,000 to complete the project. Are those
funds going to be raised? Wolf stated that in the approved grant agreements, the
$40,000 is a cost-share. The grant agreement stipulates that for every dollar raised by
the Friends of Freedom Park and the Coulee River Trails, the city will match on a
dollar-for-dollar basis up to $20,000 for a total of $40,000. Ruona/Otwell motioned
to approve the Trail Concept Plan Connecting Magee Park to Walnut Circle.
There was no further discussion on the motion. Motion passed without a
negative voice vote.

Review of 2026 Borrowing for Replacement of Fire Engine #2 and Orrin Road
Project
City Administrator Matt Wolf presented the proposed 2026 borrowing for two Capital
Improvement Plan (CIP) projects. The city plans to borrow $1,545,350 in 2026 for
the Orrin Road mill and overlay project. CIP also originally scheduled $955,000 in
2027 for the replacement of Fire Engine #2. The Fire Association members from
Prescott, Oak Grove, and Clifton held a joint meeting on January 14, 2026, and
agreed to move forward with prepayment of Fire Engine #2 to Reliant Fire
Apparatus, Inc., at a total cost of $1,045,414. This prepayment results in total savings

Page 10 of 85

of $147,730 for the Association members, of which $83,910.64 for the city. The Fire
Department identified accessory costs totaling $427,653.12, not included in the base
price. Based on the prepayment calculations, the city’s borrowing would decrease to
$836,692, resulting in a savings of $118,308. The full payment of $1,045,414 will be
due by the end of August 2026. The Orrin Road project originally included a mill
and overlay from Pearl Street to Dexter Street and a 10-foot pedestrian trail.
Following TAP grant planning for Highway 10 pedestrian improvements, the Council
approved a concept plan that includes closing Orrin Road east of Campbell Street. A
TAP grant application has been submitted for design and construction. If awarded,
the grant would cover approximately 80% of eligible costs. Total estimated project
cost is $5,980,000. The total borrowing for both projects would be $2,382,042,
including fees. Alderperson Ruona asked about the Fire Engine accessories,
SCBA/turndown equipment, and if these were upgrades from what they have in the
current truck. Wolf stated he believed that the SCBAs they currently have would not
work in a new fire engine, so they need to be upgraded to be compatible with the new
truck. Mayor Gerke stated that the old engine will still be used and will be kept out at
the Oak Grove Station. Wolf stated he would get the information on the SCBAs for
the next meeting. Otwell stated that she read that the cost of fire trucks is increasing
because each is individually designed, which the fire department mentioned at the
joint meeting, but this trend has increased the cost of fire trucks. There has been
some discussion about reining in this trend by having fire departments adopt more
uniform requirements to become more standardized. Ruona asked if we participate in
any trade association, or if our fire department is engaged in anything like this, to be a
part of these types of developments. Wolf stated he would have to check into this and
get back to the Council.
4.

Approval of Commission Appointments
a. Approval of Joel Reis to the Plan Commission
b. Approval of Stewart Pulk to the Fire and EMS Commission
a. Hintz/Ruona motioned to approve Joel Reis to the Plan Commission. There
was no further discussion on the motion. Motion passed without a negative voice
vote.
b. Hintz/Ruona motioned to approve Stewart Pulk to the Fire and EMS
Commission. There was no further discussion on the motion. Motion passed
without a negative voice vote.

OTHER BUSINESS
There was no other business.

CLOSED SESSION
1.

Closed session per Wisconsin State Statute 19.85 (1)(g) “Conferring with legal
counsel for the governmental body who is rendering oral or written advice concerning
strategy to be adopted by the body with respect to litigation in which it is or is likely
to become involved.” – City of Prescott vs. Leo’s Landing, Inc.
Hintz/Ruona motioned to go to closed session at 6:27 p.m. Mayor Gerke called
for a roll-call vote; Ruona – yes, Otwell – yes, Granquist – yes, Hintz – yes, and
Bettis – yes. There was no discussion on the motion. Motion passed without a
negative voice vote.
Granquist/Ruona motioned to come out of closed session at 6:52 p.m. Mayor
Gerke called for a roll-call vote; Ruona – yes, Otwell – yes, Granquist – yes,
Hintz – yes, and Bettis – yes. There was no discussion on the motion. Motion
passed without a negative voice vote.

Page 11 of 85

10.

ADJOURNMENT
Granquist/Otwell motioned to adjourn the Council meeting at 6:52 p.m. There was no
discussion on the motion. Motion passed without a negative voice vote.

Respectfully Submitted,

Rashel Temmers
Rashel Temmers
Clerk

Page 12 of 85

Planning Commission Meeting Minutes
May 4th, 2026
Pursuant to due call and notice thereof, a meeting of the Planning Commission was held on
May 4th, 2026, at the Municipal Building, 800 Borner Street, Prescott, Wisconsin 54021. The
meeting was called to order at 6:00 PM
Commission Present: Mayor Mike Gerke, Joel Reice, Steve Most, Bailey Ruona, Josh
Gergen
Commission Absent: Dave Hovel, Kate Otto
Staff Present: City Administrator Matt Wolf, City Planner Luke Wiese
Others Present: Louie Filkins of Ogden Engineering, Doug Erickson
1. Approve minutes for April 6th, 2026
Commissioner Ruona motioned to approve the minutes, Hovel seconded; motion
passed without a negative voice vote (7-0)
2. Walnut Circle – Final Plat
Planner Luke Wiese presented items related to the Walnut Circle Final Plat. The Final Plat
includes a 600-foot cul-de-sac, nine single-family residential lots, water and sanitary sewer
infrastructure, stormwater management facilities, an 8-foot multi-use trail, and a parkland
dedication of approximately 23.9 acres for future park and open space purposes.
The Plan Commission reviewed the Final Plat pursuant to City Code §510-12, the approved
Preliminary Plat, and applicable subdivision requirements.
Commissioner Ruona asked if there was any concern regarding drainage along the trail.
Louis Filkins of Ogden Engineering stated that Ogden Engineering conducted soil borings
on-site and conﬁrmed that drainage would be directed to the proposed stormwater
management facilities.
Commissioner Ruona motioned to approve Resolution XX-26 to Council for approval;
Gergen seconded. Motion passed without a negative voice (5-0).
3. Other Business

Page 13 of 85

City Administrator Wolf stated that following the recent approval of the ADU at 878 E.
Washington Street, staff intends to review the City’s conditional uses within each zoning
district and bring the item back to the Plan Commission at the June meeting. The review will
focus on whether certain conditional uses remain appropriate within the intended purpose
of each zoning district.
Wolf noted that under Wisconsin Act 67, once a use is listed as a conditional use within a
zoning district, the Plan Commission’s review of a speciﬁc application is focused on
whether the applicant meets the applicable ordinance standards and whether any
reasonable, measurable conditions are needed. The review is not intended to re-decide, on
a case-by-case basis, whether the use category itself belongs in the zoning district.
Commissioner Gergen motioned to adjourn. Ruona seconded; motion passed without
a negative voice vote (7-0). The meeting was adjourned at 6:09 PM.
The next Plan Commission meeting will be held on Monday, June 1st, 2026, at 6:00 PM
at Prescott City Hall.
Respectfully Submitted,

Luke Wiese
Planner

Page 14 of 85

May 5, 2026, TOURISM BOARD MEETING
Pursuant to due call and notice thereof, The Prescott Tourism Committee Meeting was held on Tuesday,
May 5, 2026, at First National Bank of River Falls, 151 Canton St, Prescott, WI 54021
Call to order/Roll Call: Megan Langer (President) called the meeting to order at 12:06 PM. Members
present: Megan Langer, Chad Steger, Elizabeth Vetter, Beth Lansing, and Tracy Franek.
Approve Minutes
Beth Lansing motioned to approve the April 7 meeting minutes, Tracy Franek seconded.
Old Business
Discussion of Print Marketing for 2027, as it might be too late for promoting in 2026 tourism magazines
in our area. Discussed starting a budget for print marketing in 2027, and possibly start out with one
tourism magazine to see where it goes. Megan will contact Linda Shober for direction about print
marketing.
Prescott downtown map to be updated and printed out.
New Business
Grant Application for Prescott Historical Society, approved for $2,796.50. Motioned to approve by Chad
Steger, seconded by Megan Langer. Chad will send letter of approval.
Elizabeth Vetter proposed tourism merchandise; this is tabled for next meeting.
Meeting Adjourned at 1:14 p.m.
Respectfully Submitted,
Elizabeth Vetter
Prescott Chamber Board Member

Page 15 of 85

Total City Cash Balances
$24,500,000

$19,500,000

$14,500,000

$9,500,000
2/07; Feb. Settlement not split out until 3/07

$4,500,000

Jan

Feb

Mar

Apr

2024

May

June

July

2025

Aug

Sep

Oct

Nov

Dec

2026

General Fund Cash Balances
$9,500,000
$8,500,000
$7,500,000
$6,500,000
$5,500,000
$4,500,000
$3,500,000
$2,500,000
$1,500,000

Jan

Feb

Mar

Apr
2024

May

June

July

2025

Aug

Sep
2026

Oct

Nov

Dec

Page 16 of 85

General Fund Budget Comparison
Apr-26
Revenues
Taxes
Special Assessments
Intergovernmental
License & Permits
Fines, Forfeits & Penalties
Public Charges for Services
Interest Income
Reserves used
Miscellaneous Income
Transfer from Tif #5

$
$
$
$
$
$
$
$
$
$

Actual
1,158,624
12,347
155,088
54,399
41,610
23,833
105,495
29,869
49,458
-

$
$
$
$
$
$
$
$
$
$

Budget
1,842,127
16,905
817,252
127,500
110,000
105,425
100,000
70,348
87,441
166,000

$
$
$
$
$
$
$
$
$
$

Difference
% Collected
683,503
62.9%
4,558
73.0%
662,164
19.0%
73,101
42.7%
68,390
37.8%
81,592
22.6%
(5,495)
105.5%
40,479
42.5%
37,983
56.6%
166,000
0.0%

TOTAL

1,630,722

3,442,998

1,812,276

47.4%

General Government
Public Safety - Police
Emergency Government
Animal Control
Public Works
Culture, Rec., & Edu.
Conservation & Devel.
Transfer out to Other Funds

$
$
$
$
$
$
$
$

Actual
305,027
535,137
128,917
210
139,061
59,234
3,495
-

$
$
$
$
$
$
$
$

Budget
768,835
1,725,592
286,834
2,000
399,922
253,490
6,325
-

$
$
$
$
$
$
$
$

Difference
463,808
1,190,455
157,917
1,790
260,861
194,256
2,830
-

% Spent
39.7%
31.0%
44.9%
10.5%
34.8%
23.4%
55.3%
0.0%

TOTAL

1,171,081

3,442,998

2,271,917

34.0%

Expenditures

Transfer Out

TOTAL

$ 1,171,081

$ 3,442,998

Net Revenue/Expense

2,271,917

34.0%
459,641

4/30/2026
34% of wages have been paid out for the year
33% of monthly payments have been paid (fuel, Excel, St. Croix gas, Phones, etc.)

Page 17 of 85

CITY OF PRESCOTT

Paid Invoice Report

Page:

Payment due dates: 4/1/2026 - 4/30/2026

May 07, 2026 10:34AM

Report Criteria:
Detail report type printed
Name
AT&T MOBILITY

Invoice No

Description

Inv Date
03/23/2026

790.89

2545

04/15/2026

Public Works telephone

03/23/2026

36.99

2545

04/15/2026

287335833093X03282026

Public Works telephone

03/28/2026

71.25

2545

04/15/2026

287335833093X03282026

WELL #3

03/28/2026

192.66

2545

04/15/2026

1,091.79

64.46

82495

04/15/2026

64.46

246.08

82513

04/15/2026

246.08

732.97

Multiple

732.97

030126-033126

REPAIR & MAINTENANCE- VBELT & C

03/31/2026

2500935458 RUG CLEANING-WWTP

03/16/2026

9261 2019 FORD INTERCEPTOR

04/20/2026

Total 330:
XCEL ENERGY

974149183 809 HILTON ST

04/17/2026

504.48

2562

04/30/2026

974160952 STREET LIGHTS/ AUTO PROTECTIVE

04/17/2026

16.48

2562

04/30/2026

974180881 221 2ND ST

04/17/2026

37.88

2562

04/30/2026

974261898 POLICE

04/20/2026

808.07

2562

04/30/2026

974261898 PUBLIC WORKS

04/20/2026

392.20

2562

04/30/2026

974261898 STREET LIGHTS

04/20/2026

5,146.53

2562

04/30/2026

974261898 PARKS

04/20/2026

137.59

2562

04/30/2026

974261898 FIRE

04/20/2026

357.41

2562

04/30/2026

974261898 FREEDOM PARK

04/20/2026

277.28

2562

04/30/2026

974261898 WATER

04/20/2026

3,695.21

2562

04/30/2026

974261898 SEWER

04/20/2026

153.30

2562

04/30/2026

11,526.43

11,526.43
Multiple

Total 407:
COMMERCIAL TESTING L

78100 WATER TESTING

12/30/2025

1,187.00

Multiple

78429 WATER TESTING

01/31/2026

1,329.40

Multiple

79104 SEWER EXPENSE

03/31/2026

1,289.60

82479

04/15/2026

79105 WATER TESTING

03/31/2026

1,718.60

82479

04/15/2026

5,524.60

Total 764:
CEDAR CORPORATION

127021 FIRE FLOW TEST FOR WIMAN CORP

12/23/2025

735.00

82473

04/15/2026

127982 1054 WACOTA SURVEYING

03/24/2026

145.00

82473

04/15/2026

127983 WALNUT CIRCLE SITE PLAN REVIEW

03/24/2026

752.50

Multiple

127983 THE BLUFFS SITE PLAN REVIEW

03/24/2026

967.50

Multiple

127983 GREAT RIVERS TRAFFIC STUDY REVI

03/24/2026

322.50

Multiple

127984 COMP PLAN UPDATES

03/24/2026

2,445.75

82473

04/15/2026

5,368.25

Total 774:
CERNOHOUS CHEVROL

Total 790:

Chk Date

POLICE WIRELESS

Total 110:
AUTO WORKS OF PRESC

Check No

287298246042X04012026

Total 53:
VESTIS (formerly ARAMA

Check Amt

287298246042X04012026

Total 39:
JOHN DEERE FINANCIAL

Invoice Amt

531312 FIRE/VEHICLE REPAIR

03/26/2026

309.95

82474

04/15/2026

531640 2023 CHEVY TRAVERSE

04/21/2026

484.95

Multiple

532091 2022 CHEVROLET TRAVERSE

04/23/2026

139.90

Multiple

934.80

Page 18 of 85

CITY OF PRESCOTT

Paid Invoice Report

Page:

Payment due dates: 4/1/2026 - 4/30/2026
Name
WEST CENTRAL WI BIOS

Invoice No

Description
041326 BIOSOLIDS PLANT EXPENSE

Inv Date
04/13/2026

Total 797:
BNSF RAILWAY

14,091.10
04/14/2026

82466

04/14/2026

10,000.00

2604277 PFAS

03/20/2026

600.00

Multiple

2605786 PERFLUORINATED CHEMICALS / FEE

04/15/2026

460.00

Multiple

2606624 PERFLUORINATED CHEMICALS / FEE

04/27/2026

1,100.00

Multiple

2,160.00

2.21

2564

04/30/2026

2.21

3,800.00

82490

04/15/2026

3,800.00

1,562.04

Multiple

1,562.04

129.30

82500

04/15/2026

129.30

216.25

82482

04/15/2026

216.25

1,226.99

82489

04/15/2026

1,226.99

6781513 FIRE COPIER EXPENSE

7184 FEBRUARY & MARCH 2026

49420 2020 FORD EXPLORER

040826 REIMBURESMEN

TRAVEL REIMBURSEMENT

0142428-IN LIGHT POLE SIGNS

7380708 AZONE 15

040426-050326 EMS
041726-051626
042426-052326 WELLS

03/02/2026

04/07/2026

04/20/2026

04/08/2026

04/15/2026

04/03/2026

EMS

03/25/2026

8.76

2547

04/15/2026

FREEDOM PARK

04/01/2026

123.43

2547

04/15/2026

221 2ND ST- WELLS

04/12/2026

103.43

2558

04/30/2026

809 HILTON ST- WELLS

04/19/2026

103.43

2558

04/30/2026

339.05

1,074.67

Multiple

1,074.67

Total 2626:
9890712806 SEWER EXPENSE

04/23/2026

Total 2635:
CENTURY LINK

14,091.10

82466

040626-050526 FREEDO

GRAINGER, INC.

Multiple

7,500.00

Total 2400:
COMCAST

Multiple

2,500.00

Total 1930:
HAWKINS, INC.

14,091.10

7,500.00

Total 1295:
EARL F. ANDERSON

14,091.10

2,500.00

Total 1268:
NEELY, JESSE

Chk Date

04/14/2026

Total 1260:
HASTINGS AUTOMOTIVE,

Check No

04/14/2026

Total 1225:
HEYWOOD, CARI & AND

Check Amt

BF-20548169 BNSF EASEMENT AGR- EASEMENT F

Total 1157:
TOSHIBA BUSINESS SOL

Invoice Amt

BF-20548169 BNSF EASEMENT AGR- ADMIN FEE

Total 1059:
NORTHERN LAKE SERVI

May 07, 2026 10:34AM

042026-051926 CITY

CITY HALL

04/20/2026

46.30

2557

04/30/2026

042026-051926 CITY

POLICE DEPARTMENT

04/20/2026

46.29

2557

04/30/2026

042026-051926 CITY

CITY SHOP

04/20/2026

130.68

2557

04/30/2026

042026-051926 CITY

FIRE

04/20/2026

115.24

2557

04/30/2026

042026-051926 CITY

LIBRARY

04/20/2026

46.30

2557

04/30/2026

042026-051926 CITY

WELLS

04/20/2026

108.72

2557

04/30/2026

042026-051926 CITY

WWTP

04/20/2026

184.08

2557

04/30/2026

FREEDOM PARK

04/20/2026

95.59

2557

04/30/2026

042026-051926 FREEDO

Page 19 of 85

CITY OF PRESCOTT

Paid Invoice Report

Page:

Payment due dates: 4/1/2026 - 4/30/2026
Name

Invoice No

Description

Inv Date

Total 2810:
RYAN & GORDY'S GLASS

1-27345 2015 FORD EXPLORER

04/07/2026

Total 2910:
JOHNSON'S SANITATION,

1,003.02

82509

04/15/2026

125.00

82496

04/15/2026

125.00

82496

04/15/2026

6297 ANDREA PARK/PEARL ST

03/18/2026

125.00

82496

04/15/2026

6297 PUBLIC SQUARE

03/18/2026

125.00

82496

04/15/2026

500.00

0228-0331 COMPOST

ELECTRICAL SERVICE AT COMPOST

04/10/2026

74.99

2548

04/15/2026

OAK GROVE FIRE STATION

04/10/2026

158.55

2548

04/15/2026

233.54

260026 ROADWAY SUPPLIES

04/06/2026

350.34

82502

04/15/2026

260057 ROADWAY SUPPLIES

04/06/2026

860.80

82502

04/15/2026

1,211.14

1,316.22

82503

04/15/2026

1,316.22

MARCH 2026 court fines & fees due county

03/31/2026

022826- 033126 STATEME

192 FLORA

04/01/2026

55.36

2551

04/15/2026

022826- 033126 STATEME

800 BORNER - CABLE 5%

04/01/2026

24.06

2551

04/15/2026

022826- 033126 STATEME

800 BORNER - COURT 5%

04/01/2026

24.06

2551

04/15/2026

022826- 033126 STATEME

800 BORNER - LIBRARY

04/01/2026

216.50

2551

04/15/2026

022826- 033126 STATEME

800 BORNER - CITY SIDE

04/01/2026

216.50

2551

04/15/2026

022826- 033126 STATEME

840 HILTON ST

04/01/2026

169.32

2551

04/15/2026

022826- 033126 STATEME

1603 PINE ST

04/01/2026

237.12

2551

04/15/2026

022826- 033126 STATEME

260 FLORA

04/01/2026

314.73

2551

04/15/2026

022826- 033126 STATEME

515 JEFFERSON

04/01/2026

451.76

2551

04/15/2026

022826- 033126 STATEME

1004 DEXTER ST N

04/01/2026

78.43

2551

04/15/2026

022826- 033126 STATEME

1601 PINE ST N

04/01/2026

91.01

2551

04/15/2026

022826- 033126 STATEME

1155 & 1109 JEFFERSON

04/01/2026

328.70

2551

04/15/2026

022826- 033126 STATEME

200 MONROE

04/01/2026

166.52

2551

04/15/2026

2,374.07

300.00

Multiple

300.00

2026 SPONSORSHIP

BANNER SPONSORSHIP

04/22/2026

Total 6688:

Total 6801:

1,003.02

125.00

Total 6450:

VERIZON WIRELESS

1,003.02

125.00

Total 6230:

PRESCOTT AREA CHAMB

773.20

Chk Date

03/18/2026

Total 6220:

ST CROIX GAS

773.20

Check No

03/18/2026

Total 5234:

PIERCE CTY TREASURE

Check Amt

6297 BOAT LAUNCH

0228-0331 FIRE

PIERCE CTY HIGHWAY D

Invoice Amt

6297 FREEDOM PARK

Total 3950:
PIERCE PEPIN COOPERA

May 07, 2026 10:34AM

6139326825 CITY HALL- PHONE

03/23/2026

209.07

2559

04/30/2026

6139326825 POLICE PHONE

03/23/2026

276.82

2559

04/30/2026

6139326825 FREEDOM PARK PHONE

03/23/2026

56.18

2559

04/30/2026

6139326825 LIBRARY PHONE

03/23/2026

57.11

2559

04/30/2026

6139326825 PUBLIC WORKS PHONE

03/23/2026

27.48

2559

04/30/2026

6139326825 COURT PHONE

03/23/2026

28.09

2559

04/30/2026

6139326825 CABLE PHONE

03/23/2026

27.46

2559

04/30/2026

682.21

Page 20 of 85

CITY OF PRESCOTT

Paid Invoice Report

Page:

Payment due dates: 4/1/2026 - 4/30/2026
Name
WI STATE LABORATORY

Invoice No

Description
838059 WWTP test samples

Inv Date
03/31/2026

Total 6961:
WI DEPT OF JUSTICE - TI

455TIME-0000019686

QUARTERLY ACCESS CHARGE

04/10/2026

Total 9826:
BRAND, JAYNE

LEO'S LANDING

EXPENSES FOR LEO'S LANDING DEP

04/06/2026

Total 10070:
MENARDS - COTTAGE G

Chk Date

31.00

82515

04/15/2026

31.00

320.25

Multiple

320.25

238.14

82472

04/15/2026

238.14

238.14
Multiple

144.99

Multiple

03/13/2026

133.75

Multiple

22669A SHOP SUPPLIES

03/26/2026

19.97

82498

04/15/2026

22928 SEWER DEPT SUPPLIES

04/01/2026

56.89

82498

04/15/2026

22999 CITY HALL- SIDEWALK

04/02/2026

238.40

82498

04/15/2026

23154 MARKING PAINT- CITY HALL PARKING

04/06/2026

106.93

Multiple

23281 SEWER DEPT SUPPLIES

04/09/2026

171.97

82498

04/15/2026

23710 CITY HALL

04/17/2026

80.48

Multiple

23804 SEWER DEPT SUPPLIES

04/20/2026

167.19

Multiple

1,120.57

140315 PUBLIC WORKS- PAPER SUPPLIES

04/20/2026

75.72

Multiple

140315 CITY HALL BATHROOM SUPPLIES

04/20/2026

88.45

Multiple

164.17

1,000.00

2560

04/30/2026

1,000.00

1,698.00

82470

04/15/2026

1,698.00

TIF MAINTENANCE FEE

TAX INCREMENTAL FINANCE REMITT

04/14/2026

044621 WELL PROGRAMMING UPDATES

02/19/2026

Total 10544:
CARDMEMBER SERVICE

Check No

03/11/2026

Total 10388:
AUTOMATIC SYSTEMS C

Check Amt

22114 SHOP SUPPLIES

Total 10375:
WI DEPT OF REVENUE

Invoice Amt

21999 CITY HALL

Total 10181:
VAN PAPER COMPANY

May 07, 2026 10:34AM

APRIL 2026 CITY

RDO EQUIPMENT

04/09/2026

136.31

2556

04/30/2026

APRIL 2026 CITY

PRINTER INK REFUND

04/09/2026

64.19-

2556

04/30/2026

APRIL 2026 CITY

PROGRAM SUPPLIES

04/09/2026

40.97

2556

04/30/2026

APRIL 2026 CITY

BASKETBALL HOOP- PRO DUNK

04/09/2026

3,110.14

2556

04/30/2026

APRIL 2026 CITY

ADOBE RENEWAL- R TEMMERS

04/09/2026

253.07

2556

04/30/2026

APRIL 2026 CITY

DOMAIN PYMT FOR PRESCOTTWI.OR

04/09/2026

109.19

2556

04/30/2026

APRIL 2026 CITY

2026 SPRING ELECTION

04/09/2026

50.22

2556

04/30/2026

APRIL 2026 CITY

2026 SPRING ELECTION

04/09/2026

71.75

2556

04/30/2026

APRIL 2026 CITY

STEAM SERIES SUPPLIES

04/09/2026

7.91

2556

04/30/2026

APRIL 2026 CITY

CRAFT HOUR SUPPLIES

04/09/2026

14.96

2556

04/30/2026

APRIL 2026 CITY

STEAM SERIES SUPPLIES

04/09/2026

3.39

2556

04/30/2026

APRIL 2026 CITY

PROGRAM SUPPLIES- POKEMON

04/09/2026

22.99

2556

04/30/2026

APRIL 2026 CITY

DISNEY

04/09/2026

21.09

2556

04/30/2026

APRIL 2026 CITY

NETFLIX

04/09/2026

18.98

2556

04/30/2026

APRIL 2026 CITY

ILL BOOK POSTAGE

04/09/2026

4.25

2556

04/30/2026

APRIL 2026 CITY

ILL BOOK POSTAGE

04/09/2026

4.96

2556

04/30/2026

APRIL 2026 CITY

SCBA'S- NRS

04/09/2026

696.20

2556

04/30/2026

APRIL 2026 CITY

2026 SPRING ELECTION

04/09/2026

23.59

2556

04/30/2026

APRIL 2026 CITY

Postage

04/09/2026

89.12

2556

04/30/2026

APRIL 2026 CITY

Postage

04/09/2026

42.13

2556

04/30/2026

APRIL 2026 CITY

Postage

04/09/2026

45.37

2556

04/30/2026

Page 21 of 85

CITY OF PRESCOTT

Paid Invoice Report

Page:

Payment due dates: 4/1/2026 - 4/30/2026
Name

Invoice No

Description

Inv Date
04/09/2026

146.09

2556

04/30/2026

04/09/2026

11.95

2556

04/30/2026

APRIL 2026 CITY

MAILCHIMP

04/09/2026

27.96

2556

04/30/2026

APRIL 2026 CITY

Postage

04/09/2026

91.77

2556

04/30/2026

APRIL 2026 CITY

Postage

04/09/2026

10.02

2556

04/30/2026

APRIL 2026 CITY

Postage

04/09/2026

11.95

2556

04/30/2026

APRIL 2026 CITY

Postage

04/09/2026

11.61

2556

04/30/2026

APRIL 2026 CITY

BOAT LAUNCH PERMITS

04/09/2026

245.00

2556

04/30/2026

APRIL 2026 CITY

Postage

04/09/2026

2.64

2556

04/30/2026

APRIL 2026 CITY

HEYGOV FEE

04/09/2026

.91

2556

04/30/2026

APRIL 2026 CITY

PRINTER INK

04/09/2026

72.18

2556

04/30/2026

APRIL 2026 CITY

AIR CLEANER

04/09/2026

78.00

2556

04/30/2026

APRIL 2026 CITY

HOTSY PUMP

04/09/2026

372.23

2556

04/30/2026

APRIL 2026 CITY

HOTSY PUMP

04/09/2026

372.23

2556

04/30/2026

APRIL 2026 CITY

PRINTER INK

04/09/2026

68.36

2556

04/30/2026

MARCH 2026 POLICE

PAPER SUPPLIES

03/31/2026

79.44

2546

04/15/2026

MARCH 2026 POLICE

OFFICE SUPPLIES

03/31/2026

26.65

2546

04/15/2026

MARCH 2026 POLICE

PAPER SUPPLIES

03/31/2026

56.30

2546

04/15/2026

MARCH 2026 POLICE

NAME PLATES

03/31/2026

11.47

2546

04/15/2026

MARCH 2026 POLICE

Postage

03/31/2026

23.74

2546

04/15/2026

MARCH 2026 POLICE

CLEANING/PAPER SUPPLIES

03/31/2026

129.36

2546

04/15/2026

MARCH 2026 POLICE

OFFICE SUPPLIES

03/31/2026

14.22

2546

04/15/2026

MARCH 2026 POLICE

BATTERY CHARGER

03/31/2026

179.99

2546

04/15/2026

MARCH 2026 POLICE

Postage

03/31/2026

7.55

2546

04/15/2026

MARCH 2026 POLICE

COUNTRY INN- TRAINING

03/31/2026

98.00

2546

04/15/2026

6,852.02

3,757.77

82510

04/15/2026

3,757.77

32,760.00

82497

04/15/2026

32,760.00

MARCH 2026 COURT FINES DUE TO STATE

03/31/2026

1764 FREEDOM PARK MASONRY REPAIRS

04/03/2026

1971-LTFJ-JXFX

AUDIO VISUAL

04/01/2026

258.79

82467

04/15/2026

1971-LTFJ-JXFX

BOOKS

04/01/2026

1,575.44

82467

04/15/2026

1,834.23

JI00373058 FIRE ALARM CONTROL PANEL UPDAT

03/12/2026

7,078.32

82504

04/15/2026

JI00373059 FIRE ALARM CONTROL PANEL UPDAT

03/12/2026

3,019.68

82504

04/15/2026

10,098.00

Total 40051:
HOFMEISTER OIL CO., LL

119611

SEWER FUEL

04/09/2026

2,333.72

82491

04/15/2026

119611

WATER FUEL

04/09/2026

2,333.72

82491

04/15/2026

4,667.44

179.06

Multiple

179.06

32.00

Multiple

Total 40070:
SCHOMMER, LEROY

UTILITY REIMBURSEMEN

REIMBURSEMENT ON ACCT#356000

04/27/2026

Total 40071:
BLUE, COLTON

Chk Date

Postage

Total 40031:
PYE & BARKER

Check No

Postage

Total 40022:
AMAZON CAPITAL SERVI

Check Amt

APRIL 2026 CITY

Total 10877:
LUKE BUSKER MASONR

Invoice Amt

APRIL 2026 CITY

Total 10655:
STATE OF WI COURT FIN

May 07, 2026 10:34AM

042426 REIMBURSEMEN

TRAVEL REIMBURSEMENT

04/24/2026

Page 22 of 85

CITY OF PRESCOTT

Paid Invoice Report

Page:

Payment due dates: 4/1/2026 - 4/30/2026
Name

Invoice No

Description

Inv Date

Total 40072:
MAROLT, MEGAN

042826 SOURDOUGH

SOURDOUGH WORKSHOP SUPPLIES

04/28/2026

Total 40073:
CITY OF PRESCOTT-UTIL

Check Amt

32.00

50.00

Check No

Chk Date

Multiple

221 2ND ST

03/31/2026

130.57

82476

04/15/2026

2026 1ST QTR

2ND STREET LIFT STATION

03/31/2026

58.14

82476

04/15/2026

2026 1ST QTR

WATER/BEACH

03/31/2026

150.46

82476

04/15/2026

2026 1ST QTR

WATER/PINE GLEN

03/31/2026

12.39

82476

04/15/2026

2026 1ST QTR

WATER/CITY HALL

03/31/2026

184.06

82476

04/15/2026

2026 1ST QTR

WATER/LIBRARY PORTION

03/31/2026

184.05

82476

04/15/2026

2026 1ST QTR

WATER/TENNIS COURTS

03/31/2026

73.44

82476

04/15/2026

2026 1ST QTR

WATER TOWER

03/31/2026

74.88

82476

04/15/2026

2026 1ST QTR

WATER/WWTP

03/31/2026

5,732.46

82476

04/15/2026

2026 1ST QTR

FREEDOM PARK - SPRINKLER

03/31/2026

18.39

82476

04/15/2026

2026 1ST QTR

WATER/MERCORD MILL PARK

03/31/2026

15.30

82476

04/15/2026

2026 1ST QTR

ORANGE STREET PARKING LOT

03/31/2026

47.43

82476

04/15/2026

2026 1ST QTR

POLICE DEPARTMENT

03/31/2026

224.96

82476

04/15/2026

2026 1ST QTR

WATER/QUONSET

03/31/2026

144.34

82476

04/15/2026

2026 1ST QTR

STORM WATER/SKATE PARK

03/31/2026

55.08

82476

04/15/2026

2026 1ST QTR

WATER/CABLE PORTION

03/31/2026

20.45

82476

04/15/2026

2026 1ST QTR

WATER/COURT PORTION

03/31/2026

20.45

82476

04/15/2026

2026 1ST QTR

WATER/ CITY SHOP

03/31/2026

451.96

82476

04/15/2026

2026 1ST QTR

WATER/POLICE & EMS

03/31/2026

240.79

82476

04/15/2026

2026 1ST QTR

WATER/FIRE HALL

03/31/2026

607.64

82476

04/15/2026

2026 1ST QTR

WATER/FREEDOM PARK

03/31/2026

720.32

82476

04/15/2026

9,167.56

0006155 ADMINISTRATOR

04/01/2026

4.88

82480

04/15/2026

0006155 ADMINISTRATION

04/01/2026

4.88

82480

04/15/2026

0006155 LIBRARY - FEE FOR HRA

04/01/2026

4.88

82480

04/15/2026

0006155 TREASURER - FEE FOR HRA

04/01/2026

4.88

82480

04/15/2026

0006155 SEWER-HEALTH INS

04/01/2026

4.88

82480

04/15/2026

0006155 WATER - FEE FOR HRA

04/01/2026

4.88

82480

04/15/2026

0006155 PUBLIC WORKS - FEE FOR HRA

04/01/2026

19.53

82480

04/15/2026

0006155 POLICE ADMIN - FEE FOR HRA

04/01/2026

9.76

82480

04/15/2026

0006155 POLICE OFFICERS

04/01/2026

24.43

82480

04/15/2026

83.00

Total 200996:
TRACTOR SUPPLY COMP

Invoice Amt

2026 1ST QTR

Total 99997:
COMPENSATION CONSU

May 07, 2026 10:34AM

MARCH 2026 CITY

REPAIR

03/31/2026

14.99

2553

04/15/2026

MARCH 2026 CITY

REPAIR- FILTERS

03/31/2026

21.99

2553

04/15/2026

MARCH 2026 CITY

REPAIR

03/31/2026

6.99

2553

04/15/2026

MARCH 2026 CITY

SHOP SUPPLIES

03/31/2026

13.98

2553

04/15/2026

MARCH 2026 CITY

SHOP SUPPLIES

03/31/2026

6.99

2553

04/15/2026

MARCH 2026 CITY

WATER/SHOP

03/31/2026

6.78

2553

04/15/2026

MARCH 2026 CITY

SHOP SUPPLIES- BAR CHAIN COMB

03/31/2026

54.99

2553

04/15/2026

MARCH 2026 CITY

SHOP SUPPLIES- WASH WAX

03/31/2026

9.99

2553

04/15/2026

MARCH 2026 CITY

STREET SWEEPER

03/31/2026

8.99

2553

04/15/2026

MARCH 2026 CITY

SHOP SUPPLIES

03/31/2026

35.96

2553

04/15/2026

MARCH 2026 CITY

SAFETY VESTS

03/31/2026

171.94

2553

04/15/2026

MARCH 2026 CITY

PLOW

03/31/2026

89.98

2553

04/15/2026

MARCH 2026 CITY

REPAIR

03/31/2026

14.99

2553

04/15/2026

Page 23 of 85

CITY OF PRESCOTT

Paid Invoice Report

Page:

Payment due dates: 4/1/2026 - 4/30/2026
Name

Invoice No

Description

Inv Date

Total 474772:
WELD RILEY

265.50

82514

04/15/2026

295.00

82514

04/15/2026

111413 RAILROAD AGREEMENT

04/06/2026

413.00

82514

04/15/2026

111413 TID #6 AMENDMENT

04/06/2026

737.50

82514

04/15/2026

111413 GENERAL LEGAL

04/06/2026

1,534.00

82514

04/15/2026

3,245.00

04/01/2026

1,000.00

2549

04/15/2026

04/01/2026

135.75

2563

04/30/2026

1,135.75

135.00

Multiple

135.00

040126 POSTAGE MACHINE

042926 EVENT TAPING

04/29/2026

033126 STATEMENT

PUBLIC WORKS UNIFORM

03/31/2026

149.40

82475

04/15/2026

033126 STATEMENT

PW UNIFORM

03/31/2026

149.41

82475

04/15/2026

033126 STATEMENT

SEWER - UNIFORM SHIRTS

03/31/2026

149.41

82475

04/15/2026

448.22

350.00

82483

04/15/2026

350.00

862.60

Multiple

862.60

Total 475162:
105924 REVIEW OF THE BLUFFS DA

04/07/2026

Total 475186:
RIVER COUNTRY COOPE

304478 FIRE DEPT NATURAL GAS

04/21/2026

Total 475275:
ALL CROIX INSPECTION

6889 UDC INSPECTION

03/31/2026

8,085.40

82460

04/08/2026

6890 FIRE ALARM INSPECTION- CITY HALL

03/31/2026

180.00

82460

04/08/2026

8,265.40

Total 475328:
JOHNSON BLOCK & CO, I

536479 AUDIT EXPENSE - GENERAL FUND

04/27/2026

19,740.00

Multiple

536479 AUDIT EXPENSE - SEWER DEPT

04/27/2026

2,820.00

Multiple

536479 AUDIT EXPENSE - WATER DEPT

04/27/2026

2,820.00

Multiple

536479 AUDIT EXPENSE - STORM SEWER

04/27/2026

2,820.00

Multiple

28,200.00

409.49

82486

04/15/2026

409.49

2,050.00

Multiple

2,050.00

360.00

82481

04/15/2026

360.00

Total 475334:
EO JOHNSON

INV1934114

LIBRARY EXPENSE

03/27/2026

Total 475389:
IMM, LAWRENCE

APRIL 2026

COORDINATOR SALARY

04/15/2026

Total 475477:
CONTOUR LAWNS, INC.
Total 2011116:

458.56

Chk Date

04/06/2026

Total 475045:

EHLERS

458.56

Check No

04/06/2026

Total 475018:

CINTAS CORPORATION

Check Amt

111413 THE BLUFFS DEVELOPMENT AGREE

1029221017 POSTAGE MACHINE METER RENTAL

MOST, PAUL

Invoice Amt

111413 WALNUT CIRCLE DEVELOPMENT AG

Total 474873:
PITNEY BOWES, INC.

May 07, 2026 10:34AM

61103 CITY HALL- GRASS CONTROL & FERT

04/11/2026

Page 24 of 85

CITY OF PRESCOTT

Paid Invoice Report

Page:

Payment due dates: 4/1/2026 - 4/30/2026
Name
MARK F. MORAN

Invoice No

Description

042826 APPRAISAL

2026 APPRAISAL EVENT

Inv Date
04/28/2026

Total 2011125:
METRO SALES, INC.

INV3068589 RICOH CONTRACT

04/17/2026

Total 2011126:
RIVERTOWN TREE SERV

15960 TREE SERVICE- REMOVAL

04/07/2026

Total 2011135:
STEEL TOWNE RF

2170152 MAGEE PARK

03/27/2026

Total 2011157:
ULINE

206558150 BADGE SUPPLIES

04/09/2026

Total 2011222:
HYDROCORP LLC

CI-12438 MUNI COMMERCIAL CCC PROGRAM

04/08/2026

Total 2011248:
WI DEPT OF REVENUE -

Q1 2026 SALES TAX

03/31/2026

Total 2011263:
QUALITY FLOW SYSTEM

50920 SEWER REPAIR/MAINT

04/23/2026

Total 2011280:
TRANSUNION RISK/ALT

6656813-202603-1

CONTRACTUAL SERVICES

04/01/2026

Total 2011298:
WEX BANK

Chk Date

450.00

Multiple

450.00

1,100.12

Multiple

1,100.12

3,200.00

82507

04/15/2026

3,200.00

47.46

82511

04/15/2026

47.46

332.79

Multiple

332.79

5,213.30

82493

04/15/2026

5,213.30

254.28

2561

04/30/2026

254.28

582.00

Multiple

582.00

100.00

82512

04/15/2026

100.00

03/31/2026

165.34

2554

04/15/2026

SEWER DEPT FUEL

03/31/2026

352.28

2554

04/15/2026

111602863

PUBLIC WORKS FUEL

03/31/2026

3,225.00

2554

04/15/2026

111602863

STORM SEWER FUEL

03/31/2026

439.82

2554

04/15/2026

111602863

POLICE DEPT FUEL

03/31/2026

1,809.40

2554

04/15/2026

111602863

FIRE DEPT FUEL

03/31/2026

180.73

2554

04/15/2026

6,172.57

500.00

Multiple

500.00

75.00

82517

04/20/2026

75.00

279.00

82471

04/15/2026

279.00

8,484.33

82477

04/15/2026

023-2026 EXPRESSVOTE RENTAL

04/24/2026

042026 CERTIFICATION

M BRAND & J KINNEMAN TRAINING

04/20/2026

INUS434390 VEHICLE SIGNAL

03/31/2026

Total 2011441:
CIVICPLUS LLC

Check No

WATER

Total 2011362:
AXON ENTERPRISE, INC

Check Amt

111602863

Total 2011304:
STATE OF WI DEPT OF N

Invoice Amt

111602863

Total 2011302:
PIERCE COUNTY CLERK

May 07, 2026 10:34AM

366863 ANNUAL FEE-2026

04/01/2026

Page 25 of 85

CITY OF PRESCOTT

Paid Invoice Report

Page:

Payment due dates: 4/1/2026 - 4/30/2026
Name

Invoice No

Description

Inv Date

Total 2011494:
AQUAFIX

IN023750 DE-FOAMER/DE-GREASER

04/24/2026

Total 2011513:
AUTO VALUE - ELLSWOR

61167463

BATTERY

03/30/2026

Total 2011517:
TEAM LABORATORY CHE

Total 2011676:

556.96

537.98

Multiple

82469

04/15/2026

120.00

Multiple

120.00

Multiple

240.00

MARCH 2026 SHOP SUPPLIES- HOSE FITTINGS

03/31/2026

343.54

82499

04/15/2026

MARCH 2026 SHOP SUPPLIES- ADAPTERS

03/31/2026

7.42

82499

04/15/2026

MARCH 2026 SEWER MAINTENANCE

03/31/2026

9.49

82499

04/15/2026

360.45

315.00

Multiple

315.00

165 YOGA CLASS FOR LIBRARY

04/30/2026

323892 WATER

04/02/2026

19.92

2550

04/15/2026

323892 SEWER

04/02/2026

19.91

2550

04/15/2026

323892 STORM

04/02/2026

19.92

2550

04/15/2026

59.75

513436 FIRE

04/13/2026

166.95

Multiple

513436 GF DATA PROC

04/13/2026

634.04

Multiple

513436 WATER

04/13/2026

51.82

Multiple

513436 SEWER

04/13/2026

51.82

Multiple

513436 STORM

04/13/2026

17.27

Multiple

513436 CABLE

04/13/2026

10.50

Multiple

513436 WWTP

04/13/2026

24.15

Multiple

513777 FIRE

04/15/2026

228.29

Multiple

513777 GF DATA PROC

04/15/2026

1,805.52

Multiple

513777 WATER

04/15/2026

102.36

Multiple

513777 SEWER

04/15/2026

148.51

Multiple

513777 STORM

04/15/2026

28.32

Multiple

3,269.55

70.00

Multiple

70.00

APRIL 2026

CONTRACT

04/29/2026

Total 2011649:
ESRI

556.96

120.00

Total 2011610:
COMPANION ANIMAL CO

8,484.33

Chk Date

04/24/2026

Total 2011603:
COMPUTER INTEGRATIO

8,484.33

Check No

04/20/2026

Total 2011594:
PSN

Check Amt

INV0051352 SPRAY PAINT

Total 2011593:
REIFF, ERICA

Invoice Amt

INV0051310 SPRAY PAINT

Total 2011567:
NAPA AUTO PARTS

May 07, 2026 10:34AM

900226555 ESRI GIS SOFTWARE SUBSCRIPTION

03/31/2026

987.50

82487

04/15/2026

900226555 ESRI GIS SOFTWARE SUBSCRIPTION

03/31/2026

987.50

82487

04/15/2026

900226555 ESRI GIS SOFTWARE SUBSCRIPTION

03/31/2026

987.50

82487

04/15/2026

900226555 ESRI GIS SOFTWARE SUBSCRIPTION

03/31/2026

987.50

82487

04/15/2026

3,950.00

Page 26 of 85

CITY OF PRESCOTT

Paid Invoice Report

Page:

Payment due dates: 4/1/2026 - 4/30/2026
Name
WORLDPAY

Invoice No

Description

MAR 2026 CC fees

Inv Date
03/31/2026

Total 2011683:
RDO EQUIPMENT CO

P8467201 HYDRAULIC CYLINDER

04/07/2026

Total 2011756:
HOMETOWN ACE HARD

04/15/2026

527.36

136.31

82505

04/15/2026

136.31

136.31
82492

04/15/2026

22.76

82492

04/15/2026

MARCH 2026 SEWER

03/31/2026

13.84

82492

04/15/2026

MARCH 2026 WATER HEATER

03/31/2026

54.86

82492

04/15/2026

MARCH 2026 WATER HEATER

03/31/2026

24.85

82492

04/15/2026

MARCH 2026 SHOP SUPPLIES

03/31/2026

17.77

82492

04/15/2026

MARCH 2026 SHOP SUPPLIES

03/31/2026

4.08

82492

04/15/2026

MARCH 2026 SHOP SUPPLIES

03/31/2026

6.26

82492

04/15/2026

MARCH 2026 SEWER

03/31/2026

24.68

82492

04/15/2026

MARCH 2026 VACUUM- POLICE DEPT

03/31/2026

99.99

82492

04/15/2026

MARCH 2026 SEWER

03/31/2026

15.02

82492

04/15/2026

MARCH 2026 SHOP SUPPLIES

03/31/2026

1.99

82492

04/15/2026

308.88

90.00

Multiple

90.00

45.00

Multiple

45.00

Multiple

45.00

372.69

Multiple

372.69

042926 EVENT TAPING

04/29/2026

042926 EVENT TAPING

04/29/2026

042926 EVENT TAPING

04/29/2026

3164468 SERIALS/PERIODICALS

04/27/2026

22958 Library Cleaning Services

03/01/2026

365.00

82501

04/15/2026

22958 City Hall Cleaning Services

03/01/2026

365.00

82501

04/15/2026

23041 Library Cleaning Services

04/01/2026

365.00

82501

04/15/2026

23041 City Hall Cleaning Services

04/01/2026

365.00

82501

04/15/2026

23042 Freedom Park Cleaning Services

04/01/2026

455.00

82501

04/15/2026

1,915.00

126.00

82494

04/15/2026

126.00

140.00

82468

04/15/2026

140.00

040726 ELECTION

ELECTION

04/07/2026

040726 ELECTION

ELECTION

04/07/2026

Total 2011907:
ALEX AIR APPARATUS 2

2555

22.78

Total 2011906:
ARNSTON, ANDREA

527.36

22.76

Total 2011885:
JENNINGS, TRACY

527.36

22.78

Total 2011868:
OSO CLEAN

Chk Date

03/31/2026

Total 2011791:
WT.COX INFORMATION S

Check No

03/31/2026

Total 2011781:
PETERSON, LUKE

Check Amt

MARCH 2026 SEWER

Total 2011780:
HOVE, HEATHER

Invoice Amt

MARCH 2026 FIREHALL MAINTENANCE

Total 2011771:
HOVE, CHRISTOPHER

May 07, 2026 10:34AM

10746 SCBA TESTING

03/31/2026

3,195.54

Multiple

04/15/2026

10747 SCBA

03/31/2026

876.00

Multiple

04/15/2026

Page 27 of 85

CITY OF PRESCOTT

Paid Invoice Report

Page:

Payment due dates: 4/1/2026 - 4/30/2026
Name

Invoice No

Description

Inv Date

Total 2011914:
RUSH MEDIA COMPANY

2026-354 2026 WIAA SEASON

04/07/2026

Total 2011932:
ENTITY HELPER

1183 2-CYCLE SAM REGISTRATION RENE

04/21/2026

Total 2011960:
ENVIRONMENTAL EQUIP

Grand Totals:

1,200.00

Multiple

82485

04/15/2026

Multiple

1,019.00

2084 WATER METER TESTING/CALIBRATIO

04/03/2026

1,605.00

82506

04/15/2026

2092 WATER METER TESTING/CALIBRATIO

04/17/2026

395.00

Multiple

2,000.00

109.67

82484

04/15/2026

109.67

1,348.20

82488

04/15/2026

1,348.20

300.00

Multiple

300.00

12,000.00

Multiple

12,000.00

4,025.00

Multiple

4,025.00

EMS-024501 COLLECTIONS AND A/R SERVICES

INV1090431 SOFTWARE RENEWAL

1245 FREEDOM PARK WINDOW CLEANING

INV-92875

SPRING 2026

03/31/2026

11/30/2025

04/24/2026

FLOCK SAFETY LPR- YEAR 2

04/27/2026

FIRE SAFETY INSPECTIONS

04/20/2026

040126 STATEMENT

MEETING MINUTES

04/01/2026

1,352.03

82478

04/15/2026

040126 STATEMENT

ELECTION NOTICE

04/01/2026

59.93

82478

04/15/2026

040126 STATEMENT

AMENDMENT CHAPTER 470 SEWER

04/01/2026

59.93

82478

04/15/2026

1,471.89

040126-043026 CITY HAL

INTERNET - CITY HALL

04/01/2026

189.90

2552

04/15/2026

040126-043026 COMPOS

INTERNET - COMPOST SITE

04/01/2026

149.95

2552

04/15/2026

INTERNET - FIRE DEPT

04/01/2026

69.95

2552

04/15/2026

409.80

256,619.50

040126-043026 FIRE
Total 20245207:

350.00

04/15/2026

679.00

Total 2024417:
SWIFTCURRENT CONNE

350.00

82508

340.00

Total 2024346:
COLUMN SOFTWARE PB

350.00

679.00

Total 2024324:
FIRE PREVENTION SERV

350.00

340.00

Total 2024318:
FLOCK GROUP INC

4,071.54

Chk Date

04/24/2026

Total 2011999:
ST CROIX SPOTLESS

4,071.54

Check No

04/13/2026

Total 2011995:
FLASHPARKING, INC

Check Amt

25878 HEAVY DUTY SUCTION HOSE

Total 2011993:
EMS MANAGEMENT & C

Invoice Amt

25824 SET OF 4 SEGMENTED STEEL GUTTE

Total 2011971:
RIDGELINE UTILITY CO L

May 07, 2026 10:34AM

Page 28 of 85

CITY OF PRESCOTT

Paid Invoice Report

Page:

Payment due dates: 4/1/2026 - 4/30/2026
Name

Report Criteria:
Detail report type printed

Invoice No

Description

May 07, 2026 10:34AM
Inv Date

Invoice Amt

Check Amt

Check No

Chk Date

Page 29 of 85

To:

Mayor and Council

From:

Matt Wolf, City Administrator

Date:

May 7, 2026

Subject:

Issuance and Sale of 2026A Borrowing Promissory Notes

Background
As part of the City’s 2025–2031 Capital Improvement Plan (CIP), the City has identified two
major capital projects requiring financing in 2026:
•
•

Orrin Road Improvements
Replacement of Fire Engine #2

The proposed 2026A borrowing would combine both projects into a single General Obligation
Promissory Note issuance to reduce overall issuance costs and improve financing efficiency.
Fire Engine Borrowing
The Fire Association members from Prescott, Oak Grove, and Clifton held a joint meeting on
January 14, 2026 and agreed to move forward with prepayment of Fire Engine #2 to Reliant
Fire Apparatus, Inc., at a total cost of $1,045,414. This prepayment results in total savings of
$147,730 for the Association members, of which $83,910.64 is attributed to the City of
Prescott.
In addition to the base cost of the engine, the Fire Department has identified accessory costs
totaling $427,653.12. These costs are separate from the apparatus purchase price and are
detailed below:
Engine Accessories

Total

Cost
$35,000.00
$8,131.12
$1,500.00
$5,400.00
$16,475.00
$204,372.00

$35,000.00
$8,131.12
$1,500.00
$32,400.00
$98,850.00
$204,372.00

TNT - Extriction Tools Jaws, Cutter, Ram,
Combi, chargers, and mounts

$45,900.00

Graphics

$1,500.00

$1,500.00
$427,653.12

FMI - Fire Apparatus Comp Mgmt
Truck Radio Dual band (Dual Head)
Radio Install
Motorola APX Dual Band Radio
SCBA's
Loose Goods

Qty
1
1
1
6
6

Page 30 of 85

The cost allocation among the Association members, including both the engine and accessory
costs, is summarized on the next page:
Municipality

% of Cost

Prescott
Oak Grove
Clifton

56.80%
31.80%
11.40%

Prepayment
Discount
$836,692
$468,430
$167,928
$1,473,049

No Prepayment
Discount
$920,602.47
$515,407.72
$184,768.81
$1,620,779.00

Based on these figures, the City’s borrowing for the fire engine would decrease from the
originally estimated $955,000 to $836,692, resulting in a savings of $118,308. Because the
Association has agreed to prepay the apparatus, the full payment of $1,045,414 will be due by
the end of August 2026.
Orrin Road Improvements Borrowing
The CIP original scope of the Orrin Road project included a mill and overlay from Pearl Street
to Dexter Street, along with the addition of a 10-foot-wide pedestrian trail. However, in 2024,
the City received a Transportation Alternatives Program (TAP) grant for planning a pedestrian
improvements along U.S. Highway 10. Based on that planning effort, the City Council
approved a concept plan that includes the closure of Orrin Road on the east side of Campbell
Street (see attached).
Following approval of the concept plan, the City submitted a TAP grant application for design
and construction. If awarded, the grant would cover approximately 80% of eligible project
costs, requiring the City to fund the remaining 20%. The total estimated project cost is
$5,980,000, resulting in a City share of approximately $1,196,000.
The TAP grant would fund the pedestrian improvements, including trails or sidewalks;
however, the mill and overlay of Orrin Road would remain a City responsibility regardless of
whether the grant is awarded. The City is not expected to receive notification on the TAP grant
until the end of June.
Discussion
The proposed borrowing would be issued as General Obligation Promissory Notes, Series
2026A. Based on preliminary information provided by Ehlers & Associates, Inc., the current
financing assumptions include:
•
•
•
•
•

20-year General Obligation Promissory Notes
Estimated True Interest Cost (TIC): 4.29%, including a 0.50% market cushion
Level annual debt service payments
100% debt levy-supported
Estimated total principal and interest payments over the life of the borrowing:
approximately $3,753,727

Page 31 of 85

The City will experience a reduction in the debt levy of approximately $91,925 due to
decreasing debt payments associated with the 2023A borrowing between 2026 and 2027. As a
result, the estimated annual debt levy for 2027 is projected to be approximately $466,751,
compared to the City’s current debt levy of approximately $376,484 in 2026.
Additionally, the City has $20,332 in the 2026 Capital Fund budget that will be transferred to
the debt levy in 2027. Therefore, the actual increase needed in the 2027 tax levy is estimated
to be approximately $69,935.
The City continues to maintain substantial General Obligation borrowing capacity under
Wisconsin Statutes. With the proposed borrowing, the City is projected to be at approximately
35% of its total debt capacity, leaving an estimated remaining borrowing capacity of
$23,127,003.
Recommendation
1. Discuss the proposed 2026 borrowing for the Fire Engine and Orrin Road projects and
identify any concerns with the proposed amounts.
Attachments
1. Resolution 24-26

Page 32 of 85

RESOLUTION 24-26
CITY OF PRESCOTT
PIERCE COUNTY WISCONSIN
RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF GENERAL
OBLIGATION PROMISSORY NOTES, SERIES 2026A, OF THE CITY OF PRESCOTT,
WISCONSIN
BE IT RESOLVED, by the Common Council of the City of Prescott, Pierce County,
Wisconsin (the “City”), as follows:
Section 1. Under and pursuant to the provisions of Wisconsin Statutes, Section 67.12
(12), the Common Council of the City is authorized to issue and sell its general obligation
promissory notes for any public purpose.
Section 2. The Common Council of the City does hereby direct the issuance and sale of
General Obligation Promissory Notes, Series 2026A, in an amount not to exceed $2,480,000 (the
“Notes”), for the purpose of financing public purposes including (i) street improvements,
including but not limited to, the reconstruction of Orrin Road; (ii) acquisition of a fire engine;
and (iii) amounts necessary to pay for costs of issuance and underwriter’s discount (the
“Project”).
Section 3. The City’s administrative staff is hereby authorized and directed to work with
Ehlers & Associates, Inc., municipal advisor to the City, and Fryberger, Buchanan, Smith &
Frederick, P.A., bond counsel, to solicit bids and arrange for the sale of the Notes in substantial
compliance with the Pre-Sale Report for the Notes provided by the municipal advisor. Notice of
sale of the Notes shall be published in the competitive bid sale calendar of the Bond Buyer once
prior to the bid opening. The bids for the sale of the Notes shall be received by Ehlers &
Associates, Inc. on June 22, 2026 or such other date approved by the Mayor and Clerk, as set
forth in the Pre-Sale Report, and consideration for the award of the Notes will be by the
Common Council of the City at 6:00 p.m. central time on the same date.
Section 4. The form, specifications and provisions for repayment of the Notes shall be set
forth in a subsequent resolution of the Common Council.
Section 5. The Common Council shall meet on June 22, 2026 or such other date approved
by the Mayor and Clerk, in accordance with the notice of sale, to consider bids for the purchase
of the Notes and to take whatever actions are necessary for the acceptance or rejection of the
bids.
Section 6. The City reasonably expects to reimburse itself for the payment of certain
costs of the Project out of the proceeds of the Notes to be issued after the date of payment of
such costs. This resolution constitutes a declaration of official intent under Treasury Regulations
Section 1.150-2.

Page 33 of 85

Adopted this 11th day of May 2026.

________________________________
Michael H. Gerke, Mayor
ATTEST:
__________________________
Rashel Temmers, City Clerk

Page 34 of 85

To:

Mayor Mike Gerke, City Council

From:

Luke Wiese, Planner

Date:

May 7, 2026

Subject:

Walnut Circle Final Plat

Background
Pursuant to City Code §510-12, Doug Erickson and Ogden Engineering has submitted a Final
Plat for Walnut Circle. A nine-lot single-family residential subdivision located near the
intersection of Walnut and Dexter Street.
The City Council approved the Preliminary Plat and Development Agreement for the project on
March 23, 2026. Pursuant to City Code 510-12, the Plan Commission reviewed the Final Plat
for conformance with the approved Preliminary Plat and applicable subdivision requirements.
At its May 4, 2026 meeting, the Plan Commission recommended approval of the Walnut Circle
Final Plat.
Discussion
The submitted Final Plat remains consistent with the approved Preliminary Plat. The Walnut
Circle. subdivision will include nine single-family residential lots, the cul-de-sac, stormwater
pond, and park dedication which will connect Walnut Circle to the Magee Park trail system are
to be dedicated to the public.
The Final Plat includes a minor adjustment between the public park dedication area and the
stormwater management outlot. The overall development layout remains consistent with the
approved Preliminary Plat.
Item
Residential Lots
Outlot 1 – Public Park
Dedication

Preliminary Plat
9 lots
23.302 acres

Final Plat
9 lots
23.902 acres

Outlot 2 – Stormwater
Management Pond

4.001 acres

3.386 acres

Comments
No Change.
Park dedication area
increased by
approximately 0.600 acre
Stormwater outlot area
decreased because a
portion was shifted into
the park dedication area.

Zoning & Lot Layout
The property is zoned R-1 Mixed Residential. The R-1 district requires a minimum lot area of
8,500 square feet. The Final Plat shows nine residential lots ranging from 41,491 square feet
to 168,443 square feet. All lots meet the minimum lot area requirement. The final plat also

Page 35 of 85

shows the public right-of-way for the Cul-de-sac, utility easements, Stormwater pond outlot,
and park outlot.
Utilities
As part of the approved Preliminary Plat and Development Agreement Walnut Circle public
improvements include water, sanitary sewer, stormwater improvements, erosion control, public
trail improvements, utility coordination and related construction obligations.
The City has also approved the Walnut Circle water main construction plans for submittal to
the Wisconsin Department of Natural Resources. Construction of utilities remains subject to
the approved plans, DNR requirements, and the terms of the development agreement
Grading and Sewer Grinder Pump Agreements
Due to the topography of Walnut Circle lot grading is to be deferred to the building permit
stage. Each future building permit application must include a site-specific grading plan or
survey demonstrating compliance with City Code and compatibility with adjacent properties.
Each new home within the subdivision will also be required to install an individual sewer
grinder pump system. A residential sewer grinder pump agreement must be executed and
recorded before issuance of a building permit for each lot. As approved by the City Council
with the Development Agreement, the sewer connection fee for lots within the Walnut Circle
Subdivision is waived.
Recommendation
1. Consider Approval of Resolution XX-26, A Resolution Approving the Final Plat for
Walnut Circle
Attachments
1. Final Plat Walnut Circle
2. Resolution XX-26 Approving the Walnut Circle Final Plat

Page 36 of 85

RESOLUTION 25-26
CITY OF PRESCOTT, WISCONSIN
A RESOLUTION APPROVING THE FINAL PLAT FOR WALNUT CIRCLE
WHEREAS, Walnut Circle Development LLC (“Developer”) has submitted a Final Plat for a
nine (9) lot single-family residential subdivision known as Walnut Circle Subdivision, located
near the intersection of Walnut Street and Dexter Street, City of Prescott, Pierce County,
Wisconsin; and
WHEREAS, the property is zoned R-1 Mixed Residential and the proposed lot sizes exceed the
minimum requirements of Chapter 510 of the City Code; and
WHEREAS, the Plan Commission and City Council previously approved a Concept Plan for the
development pursuant to §510-9 of the City Code; and
WHEREAS, the Plan Commission and Common Council approved the Preliminary Plat for
Walnut Circle by Resolution 15-26; and
WHEREAS, the Common Council approved a Development Agreement with Walnut Circle
Development LLC by Resolution 16-26, governing the construction, financing, and acceptance
of public improvements associated with the subdivision; and
WHEREAS, the proposed development includes public improvements consisting of a 600-foot
cul-de-sac (Walnut Circle), water and sanitary sewer infrastructure, stormwater management
facilities including a regional stormwater pond, and an 8-foot multi-use trail; and
WHEREAS, the Developer proposes dedication of approximately 23.9 acres of land for future
park and open space purposes, exceeding the 10% parkland dedication requirement under §51047; and
WHEREAS, the Plan Commission has reviewed the Final Plat and related materials and has
determined that the Final Plat substantially conforms to the approved Preliminary Plat, and is
consistent with the City’s Comprehensive Plan and the intent and requirements of Chapter 510
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Prescott,
Wisconsin, as follows:
1. The Final Plat for Walnut Circle Subdivision is hereby approved, subject to the
conditions set forth herein:
a. Development Agreement – the Developer shall enter into a Development
Agreement with the City pursuant to §510-22, including provision of an
automatically renewable irrevocable Letter of Credit equal to 120% of
outstanding public improvement costs, valid through a fourteen (14) month
warranty period.

Page 37 of 85

b. Grading Plans – Each building permit application shall include a site-specific
grading plan or survey demonstrating compliance with City Code and
compatibility with adjacent properties.
c. Grinder Pump Agreement - Each lot shall install an individual grinder pump
system. A Residential Sewer Grinder Pump Agreement shall be executed and
recorded prior to issuance of a building permit.
d. Stormwater Management - Stormwater improvements shall be constructed in
accordance with the approved hydrology study and applicable DNR requirements.
The Developer’s engineer must provide the stormwater quality modeling results
and must submit the storm water management plan to the City, that will be
submitted to the WDNR.
e. Street Signs – All street signs are subject to review of the City of Prescott Public
Works Department; the Developer shall conform with any requests for additional
signs or movement of signs to alternate locations.
f. Utility Coordination – The contractor must coordinate with the City of Prescott
prior to installation of sewer and water connections at the intersection of Walnut
St and Dexter St.
g. Private Utilities – The Developer shall provide final utility plan layout for gas,
electric, and communications in compliance with §510-30 prior to
commencement of construction.
h. Swale Design - The engineer must provide design for the rip-rap swale, showing
the velocities of flow and filter fabric/rip-rap design and channel size design.
i. Erosion Control and Drainage - An erosion and sediment control plan permit must
be obtained from the Zoning Administrator, pursuant to Section 500-8. The
Developer must obtain a WDNR NOI per NR 216 and NR151. The Developer
must provide a tracking pad at the entrance to Walnut/Dexter St.
j. Compliance with All Ordinances - The Developer shall comply with all
applicable City ordinances, permit requirements, and impact fee obligations.
Approved this 11th day of May 2026.

______________________________
Michael H. Gerke, Mayor

Page 38 of 85

Attest:
________________________________
Rashel Temmers, City Clerk

Page 39 of 85

Located in the NW 1/4 of the SW 1/4 and the SW 1/4 of the SW 1/4,
all in Section 11, T26N, R20W, City of Prescott, Pierce County, Wisconsin.
(N 01°39'00" W)

N 08°1
5'00" E
335.91
'
255.91
'

°3
9
39
N

28
.1

C5
66

.4
6

100.00'

45'

'
"E
0
3
7'
°3 00' 1
4
7.
.
4
N5 7 5

.9
9

S
5
165°3
0. 0'0
93 00' 0"
E
.5
93

4
.5 '
4'

NE-NW

NW-NE

NE-NE

SW-NW

SE-NW

SW-NE

SE-NE

W 411.28'

Lot 5

Lot 7
311.28'

S 05°15'00"

411.08'
S 05°15'00"
W

S 01°30'00" W 471.49'

371.49'

NW-NW

2.141 Acres
93,264 S.F.

1.486 Acres
64,726 S.F.

Lot 6

NWSW

1.456 Acres
63,402 S.F.

Section 11
NE-SW

NW-SE

NE-SE

Walnut Circle
SW
SW-

SW-SE

SE-SW

SE-SE

Scale: 1" = 1800'

NE-SW
Section 11

_Lot
_ _28
_
French's
_____

287.26'

Unplatted
_ _ _ _ _ _Land
___

E
0"
5'0
4°4
3'
S2
4.7
34

Unplatted
_ _ _ _ _ _ Land
___

_2nd
__

Section 11, T26N, R20W, City of
Prescott, Pierce County, Wisconsin

1'
4.9
47

45'

Unplatted
_ _ _ _ _ _Land
___
632.93'

N 00°07'49" W 2637.74'

3.867 Acres
168,443 S.F.

751.79'

4" E

107.01'

2"
8 '2
7°1

2'
4 .2
5
5

Outlot 1
(Dedicated to the Public
for Park Purposes)

23.902 Acres
1,041,188 S.F.

(S 00°00'32" E)

3.386 Acres
147,478 S.F.

rm
te

Unplatted
_ _ _ _ _ _Land
___

656.33'

(Dedicated to the Public for
Stormwater Management Purposes)

nt
tte

am
re
t
S

East line of the SW 1/4-SW 1/4

Outlot 2

N 00°07'49" W 1374.47'

(S 00°13'22" E)
(S 00°07'45" E)

49
33 0.9
6'
°3
0'
00
"W

20'

464.53'

378.

West line of the SW 1/4

°23'1

Outlot
Estates
_ _ _ _ 2,
_ _West
_ _ _Ridge
____
____

(219.90')
(S 89°39'16" W)

N 89°39'04" E 852.71'

North line of the SW 1/4-SW 1/4

7'
9.8
5
"W
1
'00
0
°3
66

S 14

(S 00°07'45" E 2637.79')

Lot 9

N 89°39'04" E
219.78'

190.60'

205.97'

236.36'

S 00°02'44" W 708.15'

Lot
_
_ _27
_

Location Map

80.00'

30'
30'

Bearings referenced to the
West line of the SW 1/4
of Section 11, T26N, R20W,
assumed to bear N 00°07'49" W.

'
.9
7

80
'

27
9

25
1.

'3
5"

(95.00')

27
°0
14 0'00
1. 5
"E
6'

148.00'

6 0'

202.69'
202.69'

100.00'

30'
30'
120.00'
6.00'
126.00'

30'

6 6'

36'

N 00°38'29" W
120.00'

38.29'

(S 00°00'00" W)

28.17'

')
'
.34
759 9.66

120.00'

FORWARD

Department of Administration

66.46'

Certified __________________, 20_____

N 90°00'00" E 269.15'

.95'
394
0" E
°15'0
.96'
345
S 15

1.591 Acres
69,304 S.F.

Previously recorded dimension.

There are no objections to this plat with respect to
Secs. 236.15, 236.16, 236.20 and 236.21(1) and (2),
Wis. Stats. as provided by s. 236.12, Wis. Stats.

Document
______
_Number
____
_541864
____

Lot 4

N 89°24'31" E
144.37'

Lot 8

Magnetic Survey Nail (Mag-Nail), set.

160

0.953 Acre
41,491 S.F.

45.23'

(N 89°56'00" W)

1 1/4" (o.d.) x 18" iron pipe
weighing 1.68 lbs./linear foot, set.

Addition
_____

1 1/4" x 18" round iron bar weighing 4.17 lbs./linear foot,
set. 1 1/4" (o.d.) x 18" iron pipe weighing 1.68 lbs./linear
foot set at all other lot and outlot corners.

2'08

Document
______
_Number
____
_551902
____

171.89'

3 °1
"E
(N 2 1'55
3°1
S2

Unplatted
_ _ _ _ _ _Land
___

N 89°24'31" E 359.21'

3/4" Iron Rebar, found.

Special Building Setback Line (Contact the City of
Prescott for information on other setback lines).

Lot 3

(S 89°56'00" E)

Existing Driveway

(Dedicated to the Public)

1 1/4" Iron Rebar, found.

Scale In Feet
0

1.034 Acres
45,031 S.F.

48.9

N 89°24'31" E
56.70'

S 89°24'31" W 261.98'

1 1/4" o.d. Iron Pipe, found.

10' Wide Utility Easement.

R=60'

142.09'

NW-SW
Section 11

2 3/8" o.d. Iron Pipe, found.

(200.00')

90.31'

171.67'

Walnut Circle

County Section Corner Monument, found
(Steel "Survey Mark" Nail unless otherwise noted).

S 89°24'31" W
143.30'

___
_Street

1.087 Acres
47,347 S.F.

200.58'

(S 89°56'00" E)

Unplatted
_ _ _ _ _ _Land
___

Iron Pipe found
0.49' SW of line

Walnut
____

61 2°30'0
0
°0
6'3 " W)
1"
E

75.0
0'
N17
°15'
00"

(N 88°14' E)

N 89°24'31" E 239.99'

25
23
'
8.6
3'

99.80'
(100.00')
99.48'
(100.00')

_Lot
_ _44
__
_French's
_ _ _ _ _3rd
_ _Addition
_____

Lot 2

6 6'
_ _

39.41'

P._33,
_
_ _Doc.
_ _ _No.
_ _317280
____

11
6.6
2'

N 05°45'0
0" E
131.65'

99.57'
(100.00')
(N 1°39' W)

2.442 Acres
106,394 S.F.

N 00°35'29" W

___
_ _ _ _Street
_ _Dexter
_S.

851.68'

_Lot
_ _45
__
French's
______
_3rd
__
_Addition
_____

_Lot
_ _43
__
_French's
_ _ _ _ _3rd
_ _Addition
_____

Lot 1

Legend

_Lot
_ _ 1,
_ _CSM,
_ _ _Vol.
_ _ 3,
__

5'
4.7
28

N 00°07'49" W 66.00'

_Lot
_ _46
__
_French's
_____
_3rd
__
_Addition
_____

_Lot
_ _42
__
_French's
_ _ _ _ _3rd
_ _Addition
_____

N 00°22'15" W 498.97'

_Lot
_ _41
__
French's
3rd
_ _ _ _ _ _ _ _Addition
_____

99.81'
(100.00')

_Lot
_ _48
__
_French's
_____
_3rd
__
_Addition
_____

100.31'
(100.00')

_Lot
_ _40
__
_French's
_ _ _ _ _3rd
_ _Addition
_____

_Lot
_ _47
__
French's
______
_3rd
__
_Addition
_____

49.89'
(50.00')

199.79'
(S 88°14' W 200.00')

6_ 6'
_

94.63'
S 00°41'57" E

N 89°24'54" E 249.68'

_French's
_____
_3rd
__
Addition
______

6_ 6'
_

Walnut Circle

_Land
___

1,_P._ 60,
_CSM,
_ _ _Vol.
___
_ _ Doc.
_ _ _ No.
_ _ 265518
_____

_French's
_ _ _ _ _3rd
_ _Addition
_____

_Lot
_ _49
__

Lot
_
_ _26
_

_Lot
_ _4_

_Lot
_ _3_
_Lot
_ _ 38
__

_Lot
_ _39
__

Unplatted
_
_____

W 1/4 Corner
Section 11
T26N, R20W

SE-SW
Section 11

84.97'

SW-SW
Section 11

2 3/8" o.d. Iron Pipe
found S 89°53'58" W
1.05' from rebar

8.39'

259.85'

51.82'

_Lot
_ _ 17
__
_Great
_ _ _ Rivers
____

S 89°25'52" W 268.24'
(N 89°01'22" W 267.64')

_Lot
_ _15
__
_Pine
_ _ _Ridge
___

'
'
66
.
2
1
0
8.
59

_Lot
_ _ 16
__
_Pine
_ _ _Ridge
___

W
"
6
5 E)

Rebar found 0.46
Southeast of line

' "
20 59'10
°
49 0°
(N

_First
_ _ _Addition
_____

1 1/4" o.d. Iron Pipe
found N 89°27'10" E
1.39' from the 2 3/8" o.d.
Iron Pipe.

Rebar found 0.78'
North of line

Point of
Beginning
167.40'

0')
. 8 4'
1
(12 2.5
12

324.30'

105.48'

225.59'

Unplatted
_ _ _ _ _ _ Land
___

_Lot
_ _ 35
__
_Pine
_ _ _Ridge
___
_First
_ _ _Addition
_____

(S 89°02'00" E)

_Lot
_ _36
__
_Pine
_ _ Ridge
_ _ _ _First
_ _ _Addition
_____

_Lot
_ _39
__
_Pine
_ _ _Ridge
___
_First
_ _ _Addition
_____

_First
_ _ _Addition
_____

Dated this 17th day of April, 2026.

Sheet 1 of 2

1. Owners and Subdividers:
Douglas and Angela Erickson
14850 113th Street S
Hastings, MN 55033

S URV

______________________________
Daniel P. Kugel S-2684
Professional Land Surveyor
Ogden Engineering Company
1234 S. Wasson Lane
River Falls, Wisconsin 54022

_Lot
_ _15
__
Great
Rivers
________

Notes

S-2684
RIVER FALLS,
WI

_First
_ _ _Addition
_____

_Lot
_ _ 40
__
_Pine
_ _ _Ridge
___

S 89°27'10" W 597.18'

SCONSI

DANIEL P.
KUGEL

_Lot
_ _42
__
Pine
Ridge
_______

_Lot
_ _ 41
__
_Pine
_ _ _Ridge
___

SW Corner
Section 11
T26N, R20W
(Aluminum Cap)

_Lot
_ _ 14
__
Pine
Ridge
_______

430.70'

515.67'

_Document
_ _ _ _ _ _Number
_ _ _ _ _611760
____

7/8" o.d. Iron Pipe
with orange plastic
cap on top

Lot
Page
_ _ 1,
_ _CSM,
_ _ _ Volume
_ _ _ _ _ 16,
___
_ _ _22,
_

Iron Pipe found 1.61'
Southeast of line

_Lot
_ _ 16
__
_Great
_ _ _ Rivers
____

2. Filling, grading or structures that
would alter storm water runoff are
prohibited within all drainage easements
and drainage/utility easements.
3. No utility pole, pedestal or cable
shall be placed such that the installation
or final placement would disturb any
survey monument or obstruct vision along
any lot line or street line. The
unauthorized disturbance of a survey
monument is a violation of s.236.32 of the
Wisconsin State Statutes.
4. Utility easements set forth herein
are for use of public bodies and private
public utilities having the
right to serve this subdivision.

Page 40 of 85

Walnut Circle
Located in the NW 1/4 of the SW 1/4 and the SW 1/4 of the SW 1/4,
all in Section 11, T26N, R20W, City of Prescott, Pierce County, Wisconsin.

Surveyor's Certificate

County Treasurer's Certificate

I, Daniel P. Kugel, Professional Land Surveyor, hereby certify:
That I have surveyed, divided and mapped Walnut Circle, located in the
NW 1/4 of the SW 1/4 and the SW 1/4 of the SW 1/4, all in Section 11, T26N, R20W,
City of Prescott, County of Pierce and State of Wisconsin.
That I have made such survey, land division and plat by the direction of
Douglas Erickson and Angela Erickson, owners of said land, containing 44.349 acres,
more or less, being 1,931,859 square feet, more or less, and described as follows:
Commencing at the SW Corner of said Section 11; thence N 00°07'49" W (bearings
referenced to the West line of said SW 1/4 of Section 11, assumed to bear N 00°07'49" W)
225.59' along said West line to the Point of Beginning; thence N 00°07'49" W 1374.47'
along said West line; thence N 89°24'31" E 144.37' along the South line of the parcel
described in Document Number 551902; thence N 00°38'29" W 120.00' along the East line
of said parcel; thence S 89°24'31" W 143.30' along the North line of said parcel;
thence N 00°07'49" W 66.00' along said West line of the SW 1/4; thence N 89°24'31" E
239.99' along the South line of Lot 44 of French's Third Addition and the Westerly
extension thereof; thence N 00°22'15" W 498.97' along the East lines of Lots 40 through
44 of said French's Third Addition; thence N 89°24'54" E 249.68' along the South line of
Lots 3 and 4 of the Certified Survey Map recorded in Volume 1, Page 60, Document Number
265518 and the Easterly extension thereof; thence S 00°41'57" E 94.63' along the West
line of Lot 1 of the Certified Survey Map recorded in Volume 3, Page 33, Document Number
317280; thence S 61°06'31" E 355.25' along the South line of said Lot 1 and along a
Southwest line of the parcel described in Document Number 541864; thence S 23°11'55" E
759.66' along a Southwest line of said parcel; thence N 89°39'04" E 219.78' along the
North line of said SW 1/4 of the SW 1/4; thence S 00°02'44" W 708.15' along the East
line of said SW 1/4 of the SW 1/4; thence S 89°25'52" W 268.24' along the North line
of the plat of Pine Ridge; thence S 49°20'56" W 590.66' along a Northwesterly line of
said plat of Pine Ridge and a Northwesterly line of the plat of Pine Ridge First Addition;
thence S 89°27'10" W 597.18' along a North line of said plat of Pine Ridge First Addition
and the Westerly extension thereof to the Point of Beginning. Subject to all easements,
restrictions, and covenants of record.
That such plat is a correct representation of all of the exterior boundaries of
the land surveyed and the subdivision thereof made.
That I have fully complied with the provisions of Chapter 236 of the Wisconsin
Statutes and the Subdivision Regulations of the City of Prescott, in surveying, dividing,
and mapping the same.

State of Wisconsin)
SS
Pierce County)
I, Kathy Fuchs, being the duly elected, qualified and acting Treasurer
of the County of Pierce, do hereby certify that the records in my office show
no unredeemed tax sales and no unpaid taxes or special assessments as of
______________________________________ , 20_________ affecting the land
included in the plat of Walnut Circle.
_________________________
_________________________
Date
Kathy Fuchs
County Treasurer

City Treasurer's Certificate
State of Wisconsin)
SS
Pierce County)
I, Beth Lansing, being the duly elected, qualified, and acting Deputy Clerk/Treasurer
of the City of Prescott, do hereby certify that in accordance with the records in my office,
there are no unpaid taxes or unpaid special assessments as of ___________________ , 20____
on any of the land included in the plat of Walnut Circle
_________________________
Date

_________________________
Beth Lansing
Deputy Clerk/Treasurer

Owner's Certificate of Dedication
As owners, we hereby certify that we caused the land described on this plat to be surveyed,
divided, mapped and dedicated as represented on this plat. We also certify that this plat is
required by s.236.10 or s.236.12 to be submitted to the following for approval or objection: the
City of Prescott and the Department of Administration.
Witness the hand and seal of said owners this _______ day of _____________ , 20____ .
_____________________________
Douglas Erickson

_____________________________
Angela Erickson

Common Council Resolution
Resolved, that the plat of Walnut Circle in the City of Prescott, Douglas Erickson
and Angela Erickson, owners, is hereby approved by the Common Council.

State of __________________)
SS

_________________________
Date Approved

_________________________
Michael H. Gerke
Mayor

_________________________
Date Signed

_________________________
Michael H. Gerke
Mayor

____________________ County)
Personally came before me this _______ day of _____________ , 20____ , the above named
Douglas Erickson and Angela Erickson, to me known to be the same persons who executed the
foregoing instrument and acknowledged the same.
___________________________________

I hereby certify that the foregoing is a copy of a resolution adopted by the
Common Council of the City of Prescott.
_________________________
_________________________
Date
Rashel Temmers
City Clerk

Notary Public, __________________ County, __________________________ (state)
My commission expires _____________________________.

Curve Table
CURVE
NO.

LOT
NO.

RADIUS

CENTRAL
ANGLE

ARC
LENGTH

CHORD
LENGTH

CHORD
BEARING

TANGENT
IN

TANGENT
OUT

C1
C2
C3
C4
C5
C6
C7
C8
C9

7
3-7
7
6
5
4
3
2
4

60.00'
60.00'
60.00'
60.00'
60.00'
60.00'
60.00'
60.00'
88.17'

41°24'35"
262°49'09"
56°04'06"
40°15'00"
34°30'00"
50°20'25"
81°39'38"
41°24'34"
50°20'25"

43.36'
275.22'
58.71'
42.15'
36.13'
52.72'
85.51'
43.36'
77.47'

42.43'
90.00'
56.40'
41.29'
35.58'
51.04'
78.46'
42.43'
75.00'

S 69°53'11.5" E
N 00°35'28.5" W
S 77°12'57.0" E
N 54°37'30.0" E
N 17°15'00.0" E
N 25°10'12.5" W
S 88°49'46.0" W
S 68°42'14.0" W
N 25°10'12.5" W

N 89°24'31" E
S 49°10'54" E
S 49°10'54" E
N 74°45'00" E
N 34°30'00" E
N 00°00'00" E
N 50°20'25" W
S 47°59'57" W
N 00°00'00" E

S 49°10'54" E
S 47°59'57" W
N 74°45'00" E
N 34°30'00" E
N 00°00'00" E
N 50°20'25" W
S 47°59'57" W
S 89°24'31" W
N 50°20'25" W

There are no objections to this plat with respect to
Secs. 236.15, 236.16, 236.20 and 236.21(1) and (2),
Wis. Stats. as provided by s. 236.12, Wis. Stats.
Certified __________________, 20_____
FO RWARD

______________________________
Daniel P. Kugel S-2684
Professional Land Surveyor
Ogden Engineering Company
1234 S. Wasson Lane
River Falls, Wisconsin 54022

Sheet 2 of 2

Dated this 17th day of April, 2026.

DANIEL P.
KUGEL

S-2684
RIVER FALLS,
WI

S URV

Department of Administration

ONSI
ISC
N

Page 41 of 85

To:

Mayor and Council

From:

Matt Wolf, City Administrator

Date:

May 8, 2026

Subject:

The Bluffs Development Agreement – TB-Prescott, LLC

Background
TB-Prescott, LLC, doing business as Capital Investment Partners (CapVest), has received
approvals for the development of “The Bluffs,” a 106-unit multi-family residential development
located at 1452 Glenridge Drive. The approximately 3.5-acre parcel is located within the R-4
High Density Residential District and Tax Incremental District (TID) No. 6.
The development has undergone multiple stages of review by the Plan Commission and
Common Council, including approval of the concept plan, Planned Unit Development (PUD)
overlay, Certified Survey Map (CSM), a TID amendment, and site plan review.
The proposed development consists of three separate apartment buildings totaling 106
dwelling units and approximately 151 bedrooms, together with related parking, garage
structures, sidewalks, utilities, landscaping, stormwater facilities, and public trail improvements.
A Development Agreement is needed to formalize the obligations of both the City and
Developer regarding construction of the project, public improvements, tax incremental
financing assistance, project timelines, guarantees, and long-term obligations associated with
the development.
The development has previously received the following approvals:
1. Approval of the Planned Unit Development (PUD) Overlay
2. Approval of the Certified Survey Map (CSM)
3. Approval of the Site Plan Review
4. Approval of the amendment to TID No. 6 by the Plan Commission, Common Council,
and Joint Review Board.
Discussion
Project Overview
The Development Agreement requires TB-Prescott, LLC to construct three apartment buildings
totaling at least 106 units on the property located at 1452 Glenridge Drive. The buildings
include:

Page 42 of 85

•
•
•

Building 1 – 42 units
Building 2 – 40 units, including a community room and fitness area
Building 3 – 24 units

The project also includes landscaping, stormwater facilities, utility infrastructure, sidewalks,
parking, and related site improvements consistent with the approved Site Plan.
The agreement establishes the following development schedule:
•
•

Construction commencement by August 1, 2026
Substantial completion by December 31, 2028

These timelines are subject to unavoidable delays as defined within the agreement.
Public Improvements
As part of the project, the Developer is responsible for constructing several public
improvements at its sole expense, including:
•
•
•
•

A public sidewalk along Dexter Street
A Rectangular Rapid Flashing Beacon (RRFB) pedestrian crossing
A public trail connection between Dexter Street and Borner Street
Utility and stormwater infrastructure improvements

The Developer is additionally responsible for maintenance and warranty obligations associated
with the public improvements until acceptance by the City.
The Development Agreement also addresses the existing 12-inch water main that traverses
the property. The agreement requires the establishment of a perpetual municipal utility
easement to preserve long-term access and maintenance rights for the City, which is included
as an exhibit.
Tax Increment Financing (TIF)
The agreement provides for a maximum Reverse TIF incentive of $4,545,000 utilizing a payas-you-go structure through Tax Incremental District No. 6.
Under the agreement:
•
•

The City will reimburse the Developer using 90% of the actual tax increment generated
by the project from tax years 2030 through 2044.
Payments are capped at the lesser of:
o Actual increment generated by the development; or
o $4,545,000 total assistance.

The agreement contains protections for the City:

Page 43 of 85

1. Pay-As-You-Go Structure – The City only reimburses increment actually generated by
the project so it does not face any liability.
2. Lookback Provision Upon Completion – If total project costs are lower than projected,
the TIF award is reduced accordingly.
3. Cash-on-Cash Return Analysis – If project returns exceed the negotiated thresholds,
the maximum TIF award may be reduced.
4. Guaranteed Minimum Assessment – The Developer agrees to maintain a minimum
assessed value of $15,119,400 through at least tax year 2039 payable in 2040.
Fees and Financial Contributions
The Development Agreement requires the Developer to pay several impact fees and financial
contributions associated with the project prior to issuance of building permits. These include
the following impact fees:
•
•
•
•

Police Impact Fees: $21,968
Fire Impact Fees: $18,865
Library Impact Fees: $70,254
Parks Impact Fees: $90,707

Total General Impact Fees: $201,794

Building

Water

Sewer

Total

Building #1 (3” Meter)

$10,044

$31,147

$41,191

Building #2 (3” Meter)

$10,044

$31,147

$41,191

Building #3 (2” Meter)

$5,357

$16,847

$22,204

Total Water and Sewer Impact Fees: $104,586
In lieu of dedicating parkland, the Developer shall pay the City a fee-in-lieu contribution of
$75,000 for future park improvements associated with the surrounding neighborhood and trail
system.
Combined, the project is anticipated to generate approximately $381,380 in direct impact fees
and park contribution payments to the City prior to development.
Benefits of the Development
•

Creates a guaranteed minimum assessed value of approximately $15.1 million, which
would make the project the second largest taxable development within the City behind
UNFI.

•

Supports future housing needs and additional residential units that may assist future
employment growth associated with the City’s 150-acre Business Park.

Page 44 of 85

•

May provide additional student enrollment for the Prescott School District as enrollment
numbers decline. CapVest estimated approximately 15–35 additional students from the
development based on data from past projects.

•

Under the Reverse TIF structure, approximately 10% of the tax increment generated
remains with the City and taxing jurisdictions during the life of the agreement, which is
estimated at approximately $557,765 and can help support future infrastructure
investment in the Prescott Business Park.

•

The development adds additional housing diversity within the community and supports
the City’s long-term Comprehensive Plan growth objectives. The last market rate multifamily project was in 2004.

•

The agreement includes several financial protections for the City, including a pay-asyou-go reimbursement structure, guaranteed minimum assessment value, and lookback
provisions tied to project performance.

Recommendation
1. Consider Approval Resolution 26-26 Approving the Development Agreement Between
the City of Prescott and TB-Prescott, LLC
Attachments
1. Resolution 26-26
2. Development Agreement Between the City of Prescott and TB-Prescott, LLC

Page 45 of 85

RESOLUTION 26-26
CITY OF PRESCOTT
PIERCE COUNTY WISCONSIN
A RESOLUTION APPROVING THE DEVELOPMENT AGREEMENT BETWEEN THE
CITY OF PRESCOTT AND TB-PRESCOTT, LLC
WHEREAS, TB-Prescott, LLC (“Developer”) has proposed the development and construction
of an approximately 106-unit apartment development consisting of three separate apartment
buildings and related improvements on property located within the City of Prescott Tax
Incremental District No. 6; and
WHEREAS, the proposed development is anticipated to include approximately 151 bedrooms
and related public and private improvements, including public sidewalks, trail connections,
RRFB crosswalk improvements, utility infrastructure, and related site improvements; and
WHEREAS, the Common Council has determined that the proposed development will promote
residential growth, expand housing opportunities within the City, increase the City’s tax base,
and further the goals and objectives of Tax Incremental District No. 6; and
WHEREAS, the City and TB-Prescott, LLC have negotiated a Development Agreement setting
forth the obligations of the parties, including the construction of the Project, the installation of
public improvements, and the provision of tax incremental financing assistance by the City in an
amount not to exceed $4,545,000 through a reverse TIF structure; and
WHEREAS, the Development Agreement further establishes project timelines, guaranteed
assessment provisions, public improvement requirements, impact fee obligations, park dedication
payments, and other conditions related to the development of the Project; and
WHEREAS, the Common Council has reviewed the proposed Development Agreement and
finds that approval of the Agreement is in the best interests of the City of Prescott and serves a
valid public purpose.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Prescott,
Wisconsin, as follows:
1. The Development Agreement between the City of Prescott and TB-Prescott, LLC,
substantially in the form attached hereto, is hereby approved.
2. The Mayor and City Clerk are hereby authorized and directed to execute the
Development Agreement and any associated documents, including but not limited to the
Memorandum of Development Agreement and related easement documents, on behalf of
the City following review and approval by the City Attorney.

Page 46 of 85

3. The City Administrator, City Engineer, and other appropriate City staff are hereby
authorized to take all actions necessary to administer and implement the terms of the
Development Agreement.
Adopted by the Common Council of the City of Prescott, Wisconsin, this 11th day of May 2026.
________________________________
Michael H. Gerke, Mayor
ATTEST:
__________________________
Rashel Temmers, City Clerk

Page 47 of 85

DEVELOPMENT AGREEMENT BETWEEN THE CITY OF PRESCOTT
AND
TB-PRESCOTT, LLC
This DEVELOPMENT AGREEMENT is made and entered into as of this
day of
May, 2026 by and between the City of Prescott, a Wisconsin municipal corporation (the “City”) and
TB-Prescott, LLC, a Wisconsin limited liability company (the “Developer”).
WITNESSETH:
WHEREAS, the Developer desires to develop, construct, own, operate, and manage an
approximately 106-unit apartment building on the Development Site (as defined below) together
with related public improvements; and
WHEREAS, the City and Developer wish to agree on terms and obligations for each
party to ensure the successful development of the Development Site with the Project; and
WHEREAS, as of the date of this Agreement there has been prepared by the City a Tax
Increment Financing Plan establishing City of Prescott Tax Increment District No. 6 and
providing for the use of tax increment financing in connection with providing development
incentives to the Developer for the Project; and
WHEREAS, the City believes that the construction of the Project within Tax Increment
District No.6 pursuant to this Agreement is in accord with the public purposes and provisions of the
applicable stateand local laws and requirements under which the Project will be undertaken and
“but for” the City’s providing the Tax Increment Financing assistance, the Project would not be
built and the important public benefits of the Project would not be achieved.
NOW, THEREFORE, in consideration of the promises and the obligations of the Parties
herein, each of them does hereby covenant and agree with each other as follows:
ARTICLE I
DEFINITIONS
1.1 Definitions. In this Agreement, the following words and phrases, when having an initial capital

letter, shall have the following meanings:
“Agreement” means this Agreement by and between the City and the Developer, as
amended and supplemented from time to time pursuant to its terms.
a.

“Articles and Sections” mentioned by number only are the respective articles and
sections of this Agreement so numbered.
b.

“Building Inspector” means the City of Prescott building inspector or his/her
designee(s).
c.

Page 48 of 85

“Certificate of Completion” means the certification in the form of a certificate
provided to the Developer, or its successors or assigns of this Agreement, certifying that
the Project has been completed to the full satisfaction of both Parties and of this Agreement.
d.

“Certificate of Occupancy” means the certification granted by the Building
Inspector upon successful completion of the final inspection of the building associated with
the Project.
e.

“City” means the City of Prescott, Wisconsin, a Wisconsin municipal corporation.

“City Engineer” means the City of Prescott city engineer or his/her designee(s).

“Common Council” means the Common Council of the City of Prescott, Wisconsin.

“County” means Pierce County, Wisconsin.

“Developer” means TB-Prescott, LLC, a Wisconsin limited liability company.

“Development Site” means real the property described in Exhibit A.

“Municipal Code” means the City of Prescott, Wisconsin Municipal Code, as
codified through Ordinance No. 07-25, and any future amendments thereto.
l.

“Parties” means the City and the Developer.

“Party” means the City or the Developer.

“Project” means the public and private site improvements described throughout
this Agreement, including without limitation Section 3.2 hereof, and including the Building
Project.
o.

“Building Project” means only the private set of improvements described
throughout this Agreement, including without limitation Section 3.2.a hereof.
p.

“Real Estate” means the real property described in Exhibit A, together with any
improvements thereon.
q.

“Site Plan” means the approved site plan under § 635-120 of the Municipal Code.

“Substantial Completion” means the completion of the public and private
infrastructure improvements pursuant to the Site Plan, except for punch list items,
landscaping and paving of parking lots, and the issuance of a Certificate of Occupancy
(solely as it relates to the residential units, such that it may be a “temporary certificate of
occupancy” with respect to the definition of “Substantial Completion”) from the City.
Subject to Unavoidable Delays beyond the control of the Developer, any such incomplete
items shall be fully completed within a reasonable time after the date of Substantial
s.

Page 49 of 85

Completion, but not to exceed ninety (90) days thereafter except site improvements such
as landscaping shall be completed no later than two hundred forty (240) days after the date
of Substantial Completion if weather or other conditions beyond the control of the
Developer prevent completion of the same.
t.

“TID” means Tax Incremental District No. 6 in the City of Prescott, Wisconsin.

“TIF” or “Tax Increment Financing” means Tax Incremental Financing pursuant
to Wis. Stat. § 66.1105.
u.

“Tax Increment Financing Plan” or “TIF Plan” means the Tax Increment
Financing Plan, prepared and adopted by the City pursuant to the Statute establishing City
of Prescott Tax Increment District No. 6, as may be amended from time to time, attached
hereto as Exhibit C.
v.

“TIF Improvements” means those improvements listed eligible for use of Tax
Increment Financing proceeds pursuant to Wis. Stat. § 66.1105 as determined by the City
and this Agreement.
w.

“Unavoidable Delays” means delays, outside the control of the party claiming
an occurrence, which are the direct or indirect result of strikes, other labor troubles,
domestic pandemic resulting in government mandated business closures and material
shortages or unavailability, acts of war resulting in material shortages or unavailability,
unusually severe or prolonged bad weather, acts of God, fire or other casualty, litigation
or other administrative procedures commenced by third parties which, by injunction or
other similar judicial action, directly results in delays, or acts or requirements of any
federal, state, or local governmental unit (other than the City acting in its contractual
capacity under this Agreement) which directly results in delays.
x.

ARTICLE II
REPRESENTATIONS, WARRANTIES, OF DEVELOPER
2.1 Representations and Warranties by Developer. Developer represents and warrants to the City

that:
Developer is a limited liability company duly organized, existing, and in good
standing under the laws of the State of Wisconsin and is not in violation of any provisions
of its articles of organization, operating agreement, or other governing documents, and has
full power and authority to enter this Agreement and perform its obligations hereunder.
a.

Developer will use its best efforts to obtain, in a timely manner, all required permits,
licenses, and approvals, and to meet in a timely manner all requirements of all applicable
local, state, and federal laws and regulations which must be obtained or met before the
improvements associated with the Project and any and all additional improvements may
be lawfully constructed. Where this Agreement contains strict time deadlines with respect
to any obligation, such strict time deadlines shall apply, and time shall be of the essence.
b.

Page 50 of 85

Developer will use its best efforts to design and construct the Project and all
additional improvements in accordance with all local, state, or federal laws or regulations.
c.

Developer has no present notice or knowledge that the execution and delivery of this
Agreement, the consummation of the transactions contemplated hereby, and the fulfillment
of or compliance with the terms and conditions of this Agreement is prevented or limited
by, or in conflict with or will result in a breach of, the terms, conditions or provisions
of the articles of organization, operating agreement, members agreement or other
agreement of Developer, or any evidence of indebtedness, contract or instrument of
whatever nature to which Developer is now a party or by which it is bound, such that any
conflicts or breaches would materially impair the Project or Developers’ ability to perform
under this Agreement.
d.

ARTICLE III
OBLIGATIONS OF DEVELOPER
3.1 Obligations of Developer. Subject to the terms and conditions of this Agreement, Developer

hereby agrees and commits to construct the Project in accordance with the terms of the Agreement.
3.2 Improvements; Project Specific Requirements. Developer agrees that it will construct

p u b l i c a n d private Project improvements as further described herein.
Building Project and related Private Improvements. Developer agrees that it will
construct the following private Project improvements and Building Project, subject to the
approved Site Plan:
a.

(1) Building Project. The Building Project consists of, and Developer will design and

construct, three (3) separate apartment buildings, consisting of a total of at least 106
units (containing 151 bedrooms in total), to be located on the Development Site. With
respect to the three (3) separate apartment buildings, following are the anticipated unit
sizes and approximate total square footage for each: Building 1: 42 units and 12,578
square feet for first floor, with 37,532 total square feet; Building 2: 40 units and 12,578
square feet for first floor, with 37,532 total square feet, including a common fitness and
community room for use by tenants of all buildings associated with the Building
Project; and Building 3: 24 units and 10,989 square feet for first floor, with 30,289
total square feet.
(2) Landscaping. Developer shall install landscaping per the approved Site Plan.
(3) Water and sanitary sewer utilities. Developer shall cause the Project to be serviced

by certain utilities, including, without limitation, electric, sewer, water, and storm
sewer. Developer shall be responsible for construction of the improvements on the
Development Site related to these utilities, including site grading related to utilities.
Developer will be responsible for cost and installation of utility laterals to the Project.

Page 51 of 85

b. Project Specific Requirements; Public Improvements. Developer shall further, at its sole

cost and expense, comply with the requirements as set forth in Exhibit E. The
requirements in Exhibit E shall control over any inconsistent provision set forth herein.
3.3 Performance Dates. Developer agrees and hereby commits to use good faith efforts to

complete the construction of the Project according to the following timetable, subject to
Unavoidable Delays and subject to the City's performance of its obligations under this Agreement.
The Parties understand that time is of the essence with regard to the dates herein specified.
a.

August 1, 2026 - Start of construction of the Project.

December 31, 2028 - Substantial Completion of the Project.
ARTICLE IV OBLIGATIONS OF CITY

4.1 Tax Increment Financing.

The City hereby commits to provide Tax Increment Financing to Developer in the
maximum amount of $4,545,000.00, subject to adjustments pursuant to Section 6.3 hereof,
paid pursuant to Article VI of this Agreement.
a.

The City, in its discretion, shall use whatever financial resources are available to
provide Tax Increment Financing. The terms and conditions of the TIF Plan are
incorporated as if fully set forth herein by this reference, as the City is governed by such
TIF Plan.
b.

The specified amounts identified in this Agreement shall be the maximum tax
increment financing liability of the City and the City shall not be obligated to pay from
tax increment funds any amount in excess of those delineated in this Agreement.
c.

Developer may encumber the Property in order to secure financing for the
development of the Project. Any lender providing financing for the Project may place a
lien and/or mortgage on the Property and may require a collateral assignment of this
Agreement, which the City agrees to negotiate in good faith. Lender’s mortgage and/or
loan may be transferred or assigned by lender in a secondary market without prior Common
Council approval. In the event of a foreclosure against the Developer by lender or a deed
transfer in lieu of foreclosure, lender shall assume the duties, obligations and rights of the
Developer under this Agreement. In such a circumstance, lender may transfer or assign
this Agreement and its accompanying duties, obligations and rights, to another developer
subject to the requirements and approvals required for assignments under Section 7.2 of
this Agreement. In any circumstance, lender shall provide reasonable notice to City of
such actions. This Section shall survive any foreclosure proceeding.
d.

ARTICLE V
PROJECT CONSTRUCTION

Page 52 of 85

5.1 Pre-Construction. The Developer acknowledges the following shall be completed prior to

construction of the Project commencing.
Obtain building permits. Developer shall obtain building permits for all structures
associated with the Project. Building permits shall only be issued if the following
conditions have been met:
a.

(1) The Site Plan has been approved by the City’s plan commission.
(2) Payment of all required permit and impact fees in accordance with the Municipal

Code and fee schedule, subject to Exhibit E hereof.
Drainage. All drainage easements on the site, if any, shall be graded in accordance
with the S i t e P l a n and shall have permanent and temporary erosion control and
sediment control measures in place as indicated on the approved Site Plan.
b.

Stormwater. All stormwater conveyance facilities located within easements
through which stormwater from the site flows shall be complete in accordance with the
approved Site Plan and shall have permanent and temporary erosion and sediment control
measures in place as indicated on the approved Site Plan.
c.

5.2 Construction. In accordance with the Municipal Code, the Wisconsin Statutes, and the

Wisconsin Administrative Code, the Developer shall construct all private improvements as are
contained in the Site Plan and described in this Agreement.
a.

Inspections and Rights of Access; Utilities.
(1) The Developer shall not abandon any existing City utilities serving the Real Estate

or connect to any underground City utilities without the City Engineer or his/her
designee being present to inspect the work.
(2) The Developer shall permit the representatives of the City to have access to the

Project at all reasonable times during and following the construction when such
party deems access necessary to ensure compliance with the terms and conditions
of this Agreement and the Site Plan. No compensation shall be payable, nor shall any
charge be made in any form by any party for the access provided in this Agreement.
5.3 Project Finalization.

Certificate of Occupancy. A Certificate of Occupancy shall only be issued for
any building which is part of the Project if all private improvements, including punch list
items, are in place which are in compliance with this Agreement and all applicable
ordinances, laws, rules, and regulations, including the Municipal Code and Site Plan;
provided, however, the City shall issue a temporary certificate of occupancy if a building
a.

Page 53 of 85

associated with the Project has been inspected by the Building Inspector and approved for
occupancy.
Stormwater engineer’s certification. To ensure proper installation of stormwater
management practices in accordance with approved Site Plan and calculations, the City
requires that the Developer’s engineer, licensed in Wisconsin, oversees and certifies
construction of any stormwater management practices required by the Site Plan. The
engineer shall submit a signed and stamped certification that he/she has successfully
completed site inspections and that construction of all storm water management practices
was according to the approved Site Plan and these practices are functioning as intended.
b.

Certificate of Completion. Upon completion of Subsections a-b, above for all
buildings associated with the Project, the City shall issue a Certificate of Completion for
the Project.
c.

ARTICLE VI
GUARANTEES OF CITY AND DEVELOPER
6.1 Purposes of Guarantees. Both parties to this Agreement understand that there will be the

commitment of and/or expenditure of public monies through the TIF. It is the intent of the parties
hereto to provide that Developer give adequate guarantees and security to ensure that the Project
will be constructed, and the public monies will be paid as specified below. The parties intend for
this guarantee to cover the period of time before and after construction, to allow for the completion
of the Project per the TIF Plan, as adopted by the Joint Review Board and Common Council. Any
term not defined in this Agreement shall have the meaning assigned to it in the TIF Plan. If a
conflict arises between the meaning of a term in this Agreement and the TIF Plan, the meaning in
the TIF Plan shall control.
6.2 Reverse Tax Incremental Financing. For the purposes of this Agreement, the total amount of

new taxes collected during the Payment Term (as defined herein) as a result of the growth of
taxable market value in the Real Estate from construction of the Project and not attributable to the
ad valorem real estate taxes attributable to the base market assessed tax value determined on
January 1, 2026 shall be referred to herein as the “Collected Tax Increment.”
In each tax revenue year commencing January 1, 2030 (i.e., tax assessments made on January 1,
2029 with tax payments due by January 31, 2030) and ending in the tax revenue year January 1,
2044 (i.e., tax assessments made on January 1, 2043 with tax payments due by January 31, 2044)
(the “Payment Term”) (i.e. 15 years of increment revenue), a portion of the Collected Tax
Increment, being 90% in tax revenue years 2030 through 2044, shall be paid to the Developer in
accordance with the terms of this Agreement, provided that the Developer is not delinquent in the
payment of property taxes with respect to the Real Estate and has paid all fees associated with the
Project, not to exceed a maximum gross aggregate amount of Four Million Four Hundred
Forty-five Thousand Dollars ($4,545,000.00) (the “Reverse TIF Award”), subject to adjustments
to described in Section 6.3 hereof. Any such payment owed shall be paid on or before October 15 of
each year during the Payment Term until the Reverse TIF Award is paid or the TID is closed
pursuant to the terms of the TIF Plan, whichever is earlier.

Page 54 of 85

The goal and intention of these subsections is that, subject to adjustments under Section 6.3 hereof,
the City is only obligated to pay to Developer the lesser of (i) the amount of actual Collected Tax
Increment actually received by the City and attributable to the Real Estate for tax revenue years
2030 through 2044, less the 10% for administrative fees, and (ii) $4,545,000.00.
6.3 Lookback and Reduction of Tax Increment Assistance. The financial assistance to be provided

to the Developer pursuant to this Agreement is based on certain assumptions regarding the projected
costs and expenses associated with constructing the Building Project. The City and the Developer
agree that the actual financial performance of the Building Project will be reviewed at the times
described in this Section 6.3, and that the Reverse TIF Award may be adjusted accordingly.
a. Definitions. For the purposes of this Section 6.3, the following terms have the following
meanings:
“Calculation Date” means (i) for the lookback upon Substantial Completion: within 60
days after the City’s issuance of a Certificate of Occupancy of the last of the buildings
associated with the Building Project (and further provided that all buildings have been
issued a Certificate of Occupancy); and (ii) for the lookback upon Stabilization: 90 days
after the earlier of (1) the date of Stabilization or (2) two years after the date of completion,
as evidenced by the City’s issuance of a Certificate of Completion.
“Cash on Cash Return” means the Net Annual Cashflow divided by the Developer’s
aggregate capital contribution, calculated as set forth in the sample lookback calculation
attached hereto as Exhibit F.
“Cash on Cash Average Annual Return” means the average of each annual Cash on Cash
return beginning at the time that the Certificate of Occupancy is issued for the last of the
buildings associated with the Building Project (and further provided that all buildings have
been issued a Certificate of Occupancy), as set forth in the sample lookback calculation
attached hereto as Exhibit F.
“Consultant” means the City’s municipal financial advisor, being Ehlers, Inc. as of the
date of this Agreement.
“Net Annual Cashflow” means annual Net Operating Income, plus any refinancing
proceeds, less annual debt service payments for actual or proposed debt or similar debt
obligations.
“Net Operating Income (NOI)” means total annual income and other project-derived
annual revenue, including payments under the Reverse TIF Award, less Operating
Expenses, which exclude debt service payments. For purposes of the Cash on Cash
Average Annual Return calculation on the Calculation Date, (i) revenue shall be based
upon 95% occupancy regardless of whether the average occupancy for the measured
period is higher or lower than 95%, (ii) revenue for periods after the Calculation Date shall
be inflated by 3.0% annually, and (iii) Operating Expenses for periods after the Calculation

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Date, shall be inflated by 3.0% annually, except real estate taxes will be inflated at the
same rate as the TIF estimate, which is 2.5%.
“Operating Expenses” means reasonable and customary expenses actually incurred in
operating the Project and any other expenses actually incurred by the Developer pursuant
to its obligations under this Agreement, determined in the same manner as shown in the
Pro Forma Financial Statement, which excludes expenses after debt service, and includes
administrative, payroll, marketing, insurance, property management fees, utilities,
maintenance, deposits to commercially reasonable capital replacement reserves and
payment of real estate taxes, but subject to final review and acceptance by the Consultant.
“Pro Forma Financial Statement” means the cash flow pro forma model financial
statement projecting future returns, a summary of which is attached hereto as Exhibit F.
“Stabilization” means the calendar month-end date on which the buildings which comprise
the Building Project have first achieved an average occupancy of 90% during the
preceding 12 calendar months, or such earlier date as may be requested by the Developer
but, for purposes of the Cash on Cash calculation, assuming 95% occupancy
notwithstanding actual occupancy rate as of such date.
“Total Development Cost” means the total expenditures to complete the Project inclusive
of land acquisition, hard construction costs, soft costs and financing costs as approved by
Developer’s senior construction debt lender, less any grants.
b. Lookback upon Completion of Construction: After completion of the Building Project but
prior to issuance of any portion of the Reverse TIF Award, the Developer agrees to submit
evidence of its actual Total Development Costs to the City for comparison with the
estimated Total Development Costs set forth in Exhibit G attached hereto. If the actual
Total Development Costs are more than $50,000 less than the estimated Total
Development Costs, the Reverse TIF Award will be reduced by 100% of the amount by
which the estimated costs exceed the actual costs. No portion of the Reverse TIF Award
will be issued until the City and Consultant have compared actual with estimated Total
Development Cost as described herein and adjusted the principal amount of the Reverse
TIF Award, if necessary.
c. Lookback upon Stabilization: On or before the Calculation Date, the Developer shall
deliver to the City and Consultant, at a minimum: the Developer’s actual Pro Forma
Financial Statement submitted to the City showing equity, NOI, debt service, and Net
Annual Cashflow, and such other financial information as the Consultant and/or City shall
reasonably require.
(1)

The Cash on Cash Average Annual Return shall be calculated by the Consultant
based on the financial statements submitted to the City (in the manner the
Consultant determines is consistent with the sample lookback calculation attached
hereto as Exhibit F, as approved by the City).

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(2)

If the Cash on Cash Average Annual Return does not exceed 10% over the
Payment Term, the Reverse TIF Award will not be revised for Lookback upon
Stabilization.

(3)

If the Consultant determines, based on such review, that the Cash on Cash Average
Annual Return over the Payment Term exceeds 10% (to be calculated in a manner
comparable to the sample attached hereto as Exhibit F), then the maximum amount
of the Reverse TIF Award will be reduced as determined by the Consultant in
accordance with the following factors:
i.

First, by determining the period over which the Reverse TIF Award needs to
be paid to achieve a 10% Cash on Cash Average Annual Return over the
Payment Term based on the Consultant’s calculation of the Cash on Cash
Average Annual Return.

ii.

Second, by determining the value of actual or projected (with respect to future
payments) Reverse TIF Award payments over the Payment Term through the
year determined in clause (i) above.

iii.

Third, by determining the amount equal to 50% of the difference between the
original maximum amount of the Reverse TIF Award and the value calculated
in clause (ii) above.

iv.

Finally, the new maximum amount of the Reverse TIF Award will then be
determined by adding the amounts in clauses (ii) and (iii) above and rounding
to the nearest $1,000 (the “Revised Reverse TIF Award Maximum Amount”).

Such Revised Reverse TIF Award Maximum Amount will be effective upon
delivery to the Developer of a written notice stating the Revised Reverse TIF
Award Maximum Amount as determined by the Consultant in accordance with
this Section 6.3, accompanied by the Consultant’s report, which shall be
binding upon Developer.

6.4 Guaranteed Assessment and Payment. Developer agrees that the Real Estate shall carry a tax

assessment value of not less than $15,119,400.00 after the Certificate of Completion is issued and
waives any right of notice, protect, or right to contest such assessment.
It is understood between the parties that this assessment is the minimum necessary to enable the
City to offer the financial incentives contained in this Agreement. This waiver of protest and right
to contest the assessment shall commence on the date of Substantial Completion of the Project and
continue until Developer has paid all taxes assessed on the agreed upon value of the Real Estate
until the latest of the following to occur: i) January 1 of the tax assessment year after the year of the
Developer’s receipt of the full Reverse TIF Award (as adjusted pursuant to Section 6.3); and ii) tax
assessments made January 1, 2039, payable in 2040 (the “Guarantee Expiration Date”). After the
Guarantee Expiration Date, or in the event the assessor assesses the Real Estate above

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$15,119,400.00, Developer shall retain all statutory rights of notice and protest to any real estate
tax assessment.
This minimum tax obligation shall be effective until the Guarantee Expiration Date.
ARTICLE VII
ASSIGNMENT AND TRANSFER
7.1 Representation as to Development. Developer represents and agrees that its undertakings

pursuant to this Agreement are, and will be used, for the purpose of development of the Project
and not for speculation in land holding. Developer further recognizes that, in view of the
substantial financing and other public aids that have been made available by the City for the
purpose of making such development possible, the public and private improvements will be
constructed in a timely and workmanlike manner.
7.2 Assignment and Transfer. Notwithstanding the above, the City recognizes that Developer,

once the Project has been constructed, may wish to transfer, assign, or sell the improved Real Estate
to a third party. The Developer may assign, sell, convey or transfer the Project to a third party,
with the written permission of the City, said permission not to be unreasonably withheld,
conditioned or delayed. Provided, however, that any assignment, sale, transfer or conveyance to a
third party must provide for the third party's assumption of any and all performances required by
the Developer hereunder. The third party, who must be reasonably acceptable to the City by the
giving of written permission herein, shall enter a Novation Agreement substituting its performance
for that of Developer. In the event the City permits the transfer of the Project to a third party and
a Novation Agreement is signed, Developer shall be released of any and all liability from the
performance of any of the conditions of this Agreement and shall be released of any liability to the
City. Notwithstanding anything therein to the contrary, the Real Estate may not be sold, transferred
or conveyed to, or leased or owned by any entity or used in any manner which would render any
part of the Real Estate exempt from property taxation, unless the purchaser, transferee, lessee or
owner first executes a written agreement satisfactory to the City Attorney and Common Council
providing for payments in lieu of taxes to the City.
ARTICLE VIII
EVENTS OF DEFAULT
8.1 Events of Default Defined. The following shall be deemed “Events of Default” under this

Agreement and the term “Event of Default” shall mean, whenever it is used in this Agreement,
any one or more of the following events:
Failure by Developer to comply or meet any one of the material provisions of
this Agreement, including time deadlines for Project completion by December 31, 2028,
subject to Unavoidable Delays and performances by City of its obligations hereunder.
a.

Failure by Developer to substantially observe or perform any material covenant,
condition, obligation or Agreement on its part to be observed or performed under this
Agreement beyond any notice and cure period required hereunder.
b.

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Failure to pay any monetary obligation imposed by this Agreement.

8.2 Remedies on Default.

If Developer commits or causes an Event of Default to occur, and fails to cure such
Event of Default within thirty (30) days after receipt of written notice from City advising
of such default (provided, that if such default cannot reasonably be cured within such thirty
(30) day period, Developer shall have such additional time as is reasonably necessary,
provided that Developer commences the cure within the original thirty (30) day period and
thereafter diligently prosecutes such cure to completion), the City’s remedies shall include,
but not be limited to, revocation of building permit, withholding of Certificate of
Occupancy, prohibiting the transfer or sale of the Real Estate, not issuing building permits
as allowed by law, or terminating or reducing any Reverse TIF Award. The City shall have
no obligation to expend any additional tax increment funds that have not already been spent
in the event of Developer's default beyond any application notice and cure period required
hereunder.
a.

If the City fails to perform under the terms of this Agreement, and fails to cure such
default within thirty (30) days after receipt of written notice from Developer advising of
such default (provided, that if such default cannot reasonably be cured within such thirty
(30) day period, City shall have such additional time as is reasonably necessary, provided
that City commences the cure within the original thirty (30) day period and thereafter
diligently prosecutes such cure to completion), Developer's performance deadlines shall be
extended for the time the City did not perform its obligations (regardless of the date of
receipt of Developer’s default notice), and Developer may pursue remedies available.
b.

8.3 No Remedy Exclusive. No remedy herein conferred upon or reserved to the City or

Developer is intended to be exclusive of any other available remedy or remedies, but each and
every such remedy shall be cumulative and shall be in addition to every other remedy given under
this Agreement or now hereafter existing at law or in equity or by statute. No delay or omission to
exercise any right or power accruing upon any default shall impair any such right or power or shall
be construed to be a waiver thereof, but any such right and power may be exercised from time to
time and as often as may be deemed expedient.
8.4 No Additional Waiver Implied by One Waiver. In the event any provision contained in this

Agreement should be breached by any party and thereafter waived in writing by any other party,
such waiver shall be limited to the particular breach so waived and shall not be deemed to
waive any other concurrent, previous or subsequent breach hereunder.
ARTICLE IX
ADDITIONAL PROVISIONS
9.1 Restrictions on Use. Developer agrees for itself, its successors, and assigns and every

successor in interest to the Real Estate, or any part thereof, that Developer and such successors

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and assigns shall devote the Real Estate to, and only to, and in accordance with, the uses specified
in this Agreement and any applicable land covenants.
9.2 Conflicts of Interest. No member, official, or employee of the City shall have any personal

interest, direct or indirect, in the Agreement, nor shall any such member, official or employee
participate in any decision relating to the Agreement which affects his personal interest or the
interest of any corporation, partnership or association in which he is, directly or indirectly,
interested. Provided, however, that after this Agreement has been signed, a member, official, or
employee of the City may have contact and business relations with Developer relating to the Real
Estate only if a full disclosure is made to the Common Council of the City, and it does not impair
the exercise of said member's, official's, or employee's independent judgment on behalf of the City.
No member, official, employee, or consultant of the City shall be personally liable to Developer,
or any successor of interest, in the event of any default or breach by the City for any amount
that may become due to Developer or successor, or on any obligation under the terms of the
Agreement.
9.3 Title of Articles and Sections. Any titles of the several parts, articles and sections of the

Agreement are inserted for the convenience of reference only and shall be disregarded in
construing or interpreting any of its provisions.
9.4 Notices and Demands. Except as otherwise expressly provided in this Agreement, a notice,

demand, or other communication under the Agreement by either party to the other shall be
sufficiently given or delivered if it is dispatched by registered or certified mail, postage
prepaid, return receipt requested, by reputable overnight delivery service, or delivered
personally; and (a) in the case of Developer as addressed to or delivered personally at: 1411
Winchester Way, Suite 8, Altoona, WI 54720 (b) in the case of the City as addressed to or
personally delivered to the City at: City Hall, 800 Borner St. N, Prescott, WI 54021, Attention: City
Administrator, with copy to City Clerk; or at such other addresses with respect to either such party
as that party may, from time to time, designate in writing, and forward to the other as provided in
this section.
9.5 Counterparts. This Agreement is executed in any number of counterparts, each of which

shall constitute one in the same instrument.
9.6 Law Governing. This Agreement shall be governed by and construed in accordance with the

laws of the State of Wisconsin.
9.7 Short Form Recordable. A short form of this Agreement shall be recorded in the chain of

title to all affected properties hereunder. Said form is attached as Exhibit B as a Memorandum of
Development Agreement.
Release of All Oral or Written Agreements. Upon the signing of this Agreement, all prior
oral and written Agreements between the City and Developer are terminated and released, as this
document contains the complete Agreement between the parties with respect to the Project.
9.8

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Hold Harmless and Indemnification. The Developer hereby expressly agrees to indemnify
and hold the City and its agents harmless from and against all claims, costs and liability of
every kind and nature arising out of construction of the Project, for injury or damage received or
sustained by any person or entity in connection with, or on account of the performance of work at
the Real Estate and elsewhere pursuant to this Agreement, except solely to the extent where such
injury or damage is caused by the City or its employees. The Developer further agrees to aid and
defend the City or its agents (at no cost to the City or its agents) in the event they are named as a
defendant in an action concerning the performance of work pursuant to this Agreement except
where such suit is brought by the Developer. The Developer is not an agent or employee of the
City.
9.9

9.10 Resolutions and Attorney's Letter. Developer warrants that it has adopted a corporate

resolution authorizing the signing of this Agreement, and the City warrants that a resolution has
been passed by the Common Council authorizing the signing of this document. Upon request from
the City, Developer shall provide City with a letter from its attorney stating that the signing officers
of Developer hold such designated positions and have authority to so sign.
ARTICLE X
OTHER PERFORMANCES
Installation of Improvements. Developer, at its sole cost and expense, shall be completely
responsible for the installation of all private improvements, Public Improvements, utilities and the
construction of the Project. None of the Project shall be constructed by the City. The City's
obligation herein is to provide the amounts of tax increment financing for the purposes specified in
Section 4.1 and the TIF Plan.
10.1

Public Expenditures. The Developer and the City agree that all efforts have been made to
accurately identify the costs of the Project and the value of the public and private investment that
are the basis for the utilization of tax increments necessary to amortize public expenditures related
to this Project. Notwithstanding the above, nothing in Article X shall be construed as requiring or
authorizing the expenditure of public monies above the maximum limits set forth in Sections 4.1
and 6.2 of this Agreement or the TIF Plan attached hereto and made a part hereof, which may only
be authorized by the Common Council.
10.2

Remainder Intentionally Left Blank

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IN WITNESS WHEREOF, the City has caused this Agreement to be duly executed in its name and
behalf and Developer has caused this Agreement to be duly executed in its name and behalf and on the
date first above written.
CITY OF PRESCOTT

Michael H. Gerke, Mayor
ATTEST:
Rashel Temmers, City Clerk

TB-PRESCOTT, LLC
By:
Name: Trevor Bohland
Title: Authorized Representative

[Signature Page]

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EXHIBIT LIST
Exhibit A: Real Estate Legal Description
Exhibit B: Memorandum of Development Agreement
Exhibit C: TIF Plan
Exhibit D: [Intentionally Omitted]
Exhibit E: Project Specific Requirements
Exhibit F: Pro Forma
Exhibit G: Total Development Costs

[Exhibit List]

Page 63 of 85

Exhibit A
Legal Description
LOCATED IN THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4, SECTION 10, TOWNSHIP 26 NORTH,
RANGE 20 WEST, CITY OF PRESCOTT, PIERCE COUNTY, WISCONSIN, AND BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS:
• COMMENCING AT THE EAST 1/4 OF SECTION 10;
• THENCE, N.00°28'10"E., ALONG THE EAST LINE OF THE NORTHEAST 1/4 OF SECTION 10, A
DISTANCE OF 849.23 FEET;
• THENCE, N.89°31'50"W., A DISTANCE OF 33.00 FEET TO THE NORTH RIGHT OF WAY OF
GLEN RIDGE DRIVE, BEING THE POINT OF BEGINNING;
• THENCE S.89°16'08"W., ALONG SAID NORTH RIGHT OF WAY A DISTANCE OF 640.81 FEET TO
WEST LINE OF LOT 17, MELSTROM'S GLENRIDGE 1ST ADDITION
• THENCE, N.00°35'12"W., A DISTANCE OF 135.16 FEET TO THE NORTHWEST CORNER OF
SAID LOT 17;
• THENCE, N.89°16'22"E., ALONG THE NORTH LINE OF SAID LOT 17, A DISTANCE OF 120.00
FEET TO THE SOUTHEAST CORNER OF LOT 15, MELSTROM'S GLEN RIDGE 1ST ADDITION;
• THENCE, N.00°35'51"W., ALONG THE EAST LINE OF SAID LOT 15, A DISTANCE OF 180.00
FEET TO A POINT ON THE SOUTH LINE OF LOT 14, MELSTROM'S GLEN RIDGE 1ST
ADDITION;
• THENCE, N.89°16'33"E., ALONG SAID SOUTH LINE OF LOT 14, A DISTANCE OF 33.00 FEET;
• THENCE, N.89°37'43"E., A DISTANCE OF 493.60 FEET TO THE WEST RIGHT OF WAY OF
DEXTER STREET;
• THENCE, S.00°28'10"E., ALONG SAID WEST RIGHT OF WAY, A DISTANCE OF 312.12 FEET TO
THE POINT OF BEGINNING. AND BEING SUBJECT TO EXISTING EASEMENTS

For informational purposes only:
Tax Parcel No. 271-01160-1780 (271011601780)

[Exhibit A]

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Exhibit B
Memorandum of Development Agreement
(see attached)

[Exhibit B]

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MEMORANDUM OF
DEVELOPMENT AGREEMENT

Recording Area
Name and Return Address
Christopher B. Gierhart
Weld Riley, S.C.
PO Box 1030
Eau Claire, WI 54702-1030
271-01160-1780 (271011601780)
Parcel Identification Numbers (PINs)
This is not homestead property.

This is not a conveyance under Wis. Stat. § 77.21(1),
and is not subject to transfer return or fee.
THIS DOCUMENT WAS DRAFTED BY:
Attorney Christopher B. Gierhart
Weld Riley, S.C.
PO Box 1030
Eau Claire, WI 54702-1030

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MEMORANDUM OF DEVELOPMENT AGREEMENT
THIS MEMORANDUM OF DEVELOPMENT AGREEMENT (this “Memorandum”) is
made and entered into by and between the City of Prescott, a Wisconsin municipal corporation (“City”)and
TB-Prescott, LLC, a Wisconsin limited liability company (“Developer”), who agree as follows:
WHEREAS, as of May ____, 2026, a Development Agreement (the “Development
Agreement”) was entered into by and between the City and Developer regarding the property legally
described on the attached Exhibit A (the “Property”); and
WHEREAS, Developer and City wish to memorialize of record the existence of the Development
Agreement.
NOW THEREFORE, for good and valuable consideration, the sufficiency of which is agreed,
Developer and City agree as follows:

1. Notice is hereby given that the Property is subject to all terms and conditions of the Development
Agreement.

2. Reference is made to the Development Agreement for a full statement of the terms and conditions of
the Development Agreement, all of which are incorporated herein by reference.

3. This Memorandum is made and executed by the parties for the purpose of recording the same in the
applicable office in the county in which the Property is located. This Memorandum is executed and
delivered with the understanding and agreement that it shall not in any manner whatsoever, alter,
modify, or vary the terms and conditions of the Development Agreement.

4. The obligations of City and Developer under the Development Agreement run with the Property
and inure to the benefit of City and Developer, and their respective successors and assigns, and are
incorporated herein by this reference
[Signature Pages Follow]

Page 67 of 85

IN WITNESS WHEREOF, the parties have caused this Memorandum to be executed onthe date(s)
set forth below.
CITY:

Michael H. Gerke, Mayor

Rashel Temmers, City Clerk
ACKNOWLEDGEMENT
STATE OF WISCONSIN
COUNTY OF PIERCE

)
)ss.
)

Personally came before me on the ____ day of May, 2026, the above-named Michael H. Gerke and
Rashel Temmers, to me known to be the person who executed the foregoing instrument and acknowledged
the same.
_______________________________________
___________________________, Notary Public
State of ____________________
My commission expires: ___________________

[Signature Page 1 of 2]

Page 68 of 85

DEVELOPER:

TB-PRESCOTT, LLC
By:
Name: Trevor Bohland
Title: Authorized Representative
ACKNOWLEDGEMENT
STATE OF WISCONSIN
COUNTY OF __________________

)
)ss.
)

Personally came before me on the ____ day of May, 2026, the above-named Trevor Bohland, to
me known to be the person who executed the foregoing instrument and acknowledged the same.
_______________________________________
___________________________, Notary Public
State of ____________________
My commission expires: ___________________

[Signature Page 2 of 2]

Page 69 of 85

Exhibit A
Legal Description of Property
LOCATED IN THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4, SECTION 10, TOWNSHIP 26 NORTH, RANGE 20 WEST, CITY
OF PRESCOTT, PIERCE COUNTY, WISCONSIN, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
•
•
•
•
•
•
•
•
•
•

COMMENCING AT THE EAST 1/4 OF SECTION 10;
THENCE, N.00°28'10"E., ALONG THE EAST LINE OF THE NORTHEAST 1/4 OF SECTION 10, A DISTANCE OF
849.23 FEET;
THENCE, N.89°31'50"W., A DISTANCE OF 33.00 FEET TO THE NORTH RIGHT OF WAY OF GLEN RIDGE DRIVE,
BEING THE POINT OF BEGINNING;
THENCE S.89°16'08"W., ALONG SAID NORTH RIGHT OF WAY A DISTANCE OF 640.81 FEET TO WEST LINE OF
LOT 17, MELSTROM'S GLENRIDGE 1ST ADDITION
THENCE, N.00°35'12"W., A DISTANCE OF 135.16 FEET TO THE NORTHWEST CORNER OF SAID LOT 17;
THENCE, N.89°16'22"E., ALONG THE NORTH LINE OF SAID LOT 17, A DISTANCE OF 120.00 FEET TO THE
SOUTHEAST CORNER OF LOT 15, MELSTROM'S GLEN RIDGE 1ST ADDITION;
THENCE, N.00°35'51"W., ALONG THE EAST LINE OF SAID LOT 15, A DISTANCE OF 180.00 FEET TO A POINT
ON THE SOUTH LINE OF LOT 14, MELSTROM'S GLEN RIDGE 1ST ADDITION;
THENCE, N.89°16'33"E., ALONG SAID SOUTH LINE OF LOT 14, A DISTANCE OF 33.00 FEET;
THENCE, N.89°37'43"E., A DISTANCE OF 493.60 FEET TO THE WEST RIGHT OF WAY OF DEXTER STREET;
THENCE, S.00°28'10"E., ALONG SAID WEST RIGHT OF WAY, A DISTANCE OF 312.12 FEET TO THE POINT OF
BEGINNING. AND BEING SUBJECT TO EXISTING EASEMENTS

For informational purposes only:
Tax Parcel No. 271-01160-1780 (271011601780)

[Exhibit A]

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Exhibit C
City-Approved Tax Increment Financing Plan, Tax Incremental District No. 6
(see attached)

[Exhibit C]

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Exhibit D
[Intentionally Omitted]

[Exhibit D]

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Exhibit E
Project Specific Requirements
1. General Public Improvement Provisions. Developer agrees that it will construct public Project
improvements to be dedicated to the public in substantial conformance with the Site Plan and this
Agreement, as such are more specifically described herein (the “Public Improvements”), at its sole
cost and expense. The City Engineer will review and approve consistent with the Municipal Code,
all construction plans and specifications for the Public Improvements prior to commencement of the
work. The following provisions apply with respect to construction of the Public Improvements:
a. The City shall have the right, at such times and upon such locations as it deems necessary, to
inspect the construction of the Public Improvements to ensure compliance with plans and
specifications, good engineering and construction practices, and all the requirements of law
and the Municipal Code. Inspections done by the City shall be at the expense of the City. The
Developer shall pay for independent testing required by the City and in accordance with the
Municipal Code.
b. The Developer shall not abandon any existing City utilities serving the Real Estate or connect
to any underground City utilities without the City Engineer or his/her designee being present
to inspect the work.
c. The Developer shall permit the representatives of the City to have access to the Project and
the Real Estate at all reasonable times during and following the construction when such party
deems access necessary to ensure compliance with the terms and conditions of this
Agreement. No compensation shall be payable, nor shall any charge be made in any form by
any party for the access provided in this Agreement.
d. Developer agrees to engage qualified contractors/subcontractors for all construction of the
Public Improvements who shall perform such work in compliance with the Municipal Code.
Verification of qualified contractors/subcontractor shall be based upon a reasonable
demonstration of expertise and experience that they are qualified to complete construction of
the Public Improvements. Developer shall, not less than seven (7) calendar days prior to any
commencement of work on the Public Improvements, furnish the City Engineer with the
names of all contractors that will construct the Public Improvements and their subcontractors;
the classification of the work the contractors and subcontractors will perform; proposed dates
for commencement of work; and a schedule for the work.
e. Developer agrees that no construction work shall be initiated for the Public Improvements
without the City Engineer’s approval of the starting date and schedule. No work shall
commence on any City property until all parties have signed this Agreement, all Exhibits have
been attached, and an approved letter of credit/bond/cash deposit and insurance certificate (as
provided herein) is on file with the City. Notwithstanding the foregoing, Developer may
commence tree removal on the Development Site immediately, provided Developer has first
obtained all necessary permits.
f. The City shall inspect the Public Improvements as they are completed and, if the same are
acceptable to the City staff and/or City Engineer, shall certify, with such certification not
being unreasonably withheld conditioned or delayed, such Public Improvements as being in
compliance with the specifications of this Agreement. Such inspection and certification, if
appropriate, will occur within ten (10) days of written notice by Developer that Developer
desires to have the City inspect a Public Improvement. Certification by the City does not
constitute a waiver by the City of the right to draw funds under the letter of credit (or cash
deposit, as applicable) on account of defects in or failure of any Public Improvement that is
[Exhibit E]

Page 73 of 85

detected or which occurs within the 14-months immediately following such certification.
Developer further agrees that the Public Improvements will not be accepted by the City until
all of the following have occurred as to each Public Improvement for which Developer seeks
acceptance by the City: i) the Public Improvements for the specific Phase have all been
completed and have been inspected and approved by the City; ii) all outstanding City-incurred
costs, including engineering and inspection charges, to the extent said owed by Developer to
the City, have been paid in full; and iii) as built record drawings have been submitted to the
City and reviewed and approved by the City.
g. Public Improvements, upon meeting the specifications of this Agreement, shall be submitted
for Common Council approval no later than thirty (30) days from the request of Developer to
so dedicate.
i. Lien Waivers. Developer shall provide affidavits and/or lien waivers to the City
indicating that all contractors, all subcontractors, and all suppliers of materials for the
work have been paid in full for all work and materials furnished under this Agreement.
These affidavits and/or lien waivers are to be provided at least fourteen (14) days
before the City will consider any reduction of the letter of credit/cash deposit, as
provided for in this Agreement.
ii. Maintenance. At Developer’s sole expense, Developer agrees to provide for
maintenance and repair of all required Public Improvements until such Public
Improvements are formally accepted by the City by resolution. The City shall be
responsible for maintenance, including snow removal from the public roadways, after
such Public Improvements have been formally accepted.
iii. Corrections. The City will provide timely written notice to Developer whenever an
inspection reveals that a Public Improvement does not conform to the specifications
approved by the City Engineer or the Site Plan. Developer shall have thirty (30) days
from the issuance of such notice to correct or substantially correct the defect
(provided, that if such default cannot reasonably be cured within such thirty (30) day
period, Developer shall have such additional time as is reasonably necessary, provided
that Developer commences the cure within the original thirty (30) day period and
thereafter diligently prosecutes such cure to completion). The City shall not declare
a default under this Agreement during the thirty (30) day correction period on account
of any such defect unless it is clear Developer does not intend to correct the defect or
unless the City determines that immediate action is required in order to remedy a
situation which poses an imminent health or safety threat.
h. In the event the City issues Developer a notice of defect pursuant to Subsection 1.g.iii above
of this Exhibit E, Developer shall reimburse the City for its actual cost of inspection, testing,
and any associated legal fees for all actions taken in verifying correction of the defect. The
City’s costs shall be determined as follows:
i. The cost of City employees’ time engaged in any way with the verification based on
the hourly rate paid to the employee multiplied by a factor determined by the City
representing the City’s cost for expenses, benefits (including insurance), sick leave,
holidays, overtime, vacation, and similar benefits.
ii. The cost of City equipment employed.
iii. The cost of mileage reimbursed to City employees.
iv. All consultant fees, including legal and engineering, associated with the verification.
v. City shall not issue any Certificates of Occupancy until such time as Developer has
paid all costs pursuant to this Subsection 1.h of this Exhibit E.
[Exhibit E]

Page 74 of 85

i. An irrevocable letter of credit approved by the City Attorney shall be submitted for all Public
Improvements. In lieu of a letter of credit, the Developer may submit a performance bond
from a reputable bonding institution or a cash deposit. The amount of the cash deposit, bond
or letter of credit shall be in the amount of 120% of the value of the outstanding Public
Improvements and erosion control including warranties of completed work on a phase basis
as determined by the City Engineer. The letter of credit, cash deposit or bond shall be valid
throughout the entire 14-month public improvement warranty period set forth in Subsection
1.j of this Exhibit E. The letter of credit, cash deposit or bond may require periodic renewal
in order to secure the Public Improvements through the warranty period. The amount of the
letter of credit, cash deposit or bond shall be periodically reduced in amounts equal to the
payments made by Developer for the costs of all Public Improvements, in each case subject
to approval by the City Engineer. Upon substantial completion of Public Improvements, the
Developer may lower the amount of the Letter of Credit, Cash Deposit or Bond by request to
the City Engineer. The Letter of Credit, Cash Deposit or Bond must still secure 10% of the
amount of the completed Public Improvements and 100% of the amount of the remaining
Public Improvements.
j. Developer agrees to guarantee and warrant all work performed under this Agreement related
to a Public Improvement for a period of fourteen (14) months from the date of final acceptance
by the City of a Public Improvement completed by Developer under this Agreement against
defects in workmanship or materials. If any defect should appear during the guarantee period,
Developer agrees to make required replacement or acceptable repairs of the defective work
at its own expense. This expense includes total and complete restoration of any disturbed
surface or component of the Public Improvement to the specifications as set forth herein. All
guarantees or warranties for materials or workmanship which extend beyond the above 14month guarantee period shall be assigned by Developer to the City. The City shall release in
full the letter of credit, cash deposit or bond immediately upon expiration of the warranty
period.
2. Public Improvements. Developer will construct and install the following Public Improvements
consistent with the Site Plan, the Municipal Code, and plans approved by the City Engineer:
a. Developer will install a public sidewalk along the west side of Dexter Street from the
intersection of Dexter and Glenridge to the north so that it connects with the trail and the
crosswalk system.
b. The Developer will install a crosswalk on the northeast corner of the Development Site that
will include an RRFB system at Developer’s cost. The crosswalk system will be placed so
that it aligns with the future trail connection headed to the west.
c. The Developer, at its cost and expense, will design (subject to City Engineer approval),
construct, and install a public bike path connecting the Dexter Street and Borner Street trail
systems (the “Bike Path”). Within ten (10) business days of the issuance of the Certificate of
Completion, the City shall pay to the Developer the Developer’s verified out-of-pocket costs
incurred by Developer for design, construction, and installation of the Bike Path, not to
exceed $80,000.00, which out-of-pocket costs shall be verified by paid invoices, other
evidence of payment, and lien waivers upon request.
d. The aforementioned Public Improvements shall be completed prior to issuance of the
Certificate of Completion.

[Exhibit E]

Page 75 of 85

3. Impact Fees. Prior to issuance of a building permit for the building associated with the Project, the
Developer shall pay to the City the following impact fees:

Water
Sewer

Building #1
(3" Meter)
$10,044
$31,147
$41,191

Building #2
(3" Meter)
$10,044
$31,147
$41,191

Building #3
(2" Meter)
$5,357
$16,847
$22,204
$104,586

4. Fee in lieu of Park Dedication. In lieu of Park dedication, and prior to issuance of a building permit
for the buildings associated with the Project, the Developer shall pay the City $75,000.00 to be used
by the City for future park improvements.
5. Easement. Upon execution of this Agreement, the City and Developer shall enter into a Perpetual
Municipal Utility Easement, substantially in the form attached hereto as Exhibit 1 to this Exhibit E,
for the existing watermain located on the Development Site.

[Exhibit E]

Page 76 of 85

Exhibit 1 to Exhibit E
(see attached)

[Exhibit 1 to E]

Page 77 of 85

|
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| Document No.
|

|
|
|
|
|

PERPETUAL MUNICIPAL UTILITY EASEMENT
AGREEMENT

THIS PERPETUAL MUNICIPAL UTILITY EASEMENT AGREEMENT (this “Agreement”) is
made as of the _____ day of May, 2026, by and between TB-Prescott, LLC, a Wisconsin limited liability
company (the “Owner”), and the City of Prescott, a Wisconsin municipal corporation (the “City”).
RECITALS:
A.
The Owner is the fee holder of certain real property in the City of Prescott, Pierce County,
State of Wisconsin, as more particularly described on the attached and incorporated Exhibit A (the
“Property”).
B.
The City desires to acquire a permanent and perpetual non-exclusive easement for an
existing watermain (collectively, the “Municipal Utilities”) and non-exclusive access easement into, under,
on, over, across, through, and upon that certain portion of the Property as shown on the attached Exhibit B,
attached hereto and incorporated herein by reference (the “Easement Area”), with the right of entry in and
across the Property.
AGREEMENT
Now, therefore, for good and valuable consideration, the receipt and sufficiency of which are
acknowledged, the parties agree as follows:
1. Grant of Easement. The Owner grants to the City a permanent and perpetual non-exclusive
municipal utility easement into, under, on, over, across, through, and upon that certain portion of
1

Page 78 of 85

the Property for the construction, operation, use, maintenance, repair, and reconstruction of a
watermain in the Easement Area (the “Utility Easement”).
2. Grant of Access Easement. Owner grants and conveys unto City a permanent and perpetual, nonexclusive access easement (the “Access Easement,” and together with the Utility Easement, the
“Easement”) on, over, across, through, and upon the Property for vehicular and pedestrian ingress
and egress to the Municipal Utilities.
3. Right of Entry. Owner consents to the entry by the employees, workers, agents, or independent
contractors of the City for and incidental to the construction, operation, use, maintenance, repair,
and reconstruction of the Municipal Utilities and the Easement Area.
4. Consistent Uses Allowed; Costs. The Owner reserves the right to use the Easement and Easement
Area for purposes that will not interfere with the City’s full enjoyment of the Easement rights
granted in this Agreement. The Owner and City agree that the Owner may construct an asphalt or
other paved parking lot (the “Permitted Parking Surface”) over the Easement Area; provided,
however, that in the event the City needs to access the Municipal Utilities within the Easement
Area for any reason consistent with the terms of this Agreement, the Owner shall be solely
responsible for the costs of removal and replacement of any Permitted Parking Surface, together
with any subsurface materials. The City shall only be responsible for the costs related to the
maintenance, repair and replacement of the Municipal Utilities and excavation of materials
underneath the Permitted Parking Surface. City agrees to use commercially reasonable efforts to
minimize removal of any Permitted Parking Surface to the extent reasonably necessary to access
the Municipal Utilities.
5. Interference. Owner shall submit plans for review and approval by the City’s Director of Public
Works, or designee, for any proposed improvement, alteration, or modification that Owner would
like to complete in the Easement Area. City review will be limited to compliance with City
ordinances and preventing interference with the construction, operation, use, maintenance, repair,
or reconstruction of the Municipal Utilities or access thereto. Construction of buildings, stoops,
walls, fencing, or permanent structures of any kind within the Easement Area is prohibited unless
otherwise approved by the City’s Director of Public Works.
6. Venue and Governing Law. This Agreement shall be governed in all respects, whether as to the
validity, construction, capacity, performance, or otherwise by the laws of the State of Wisconsin.
Any suit, proceeding, or other action arising out of or related to this Agreement shall be commenced
and maintained only in a court of competent jurisdiction located in the state court located in Pierce
County, Wisconsin or federal court located in Eau Claire County, Wisconsin. Each party
irrevocably consents to submit to the exclusive jurisdiction of such courts.
7. Municipal Liability. Nothing contained within this Agreement is intended to be a waiver or
estoppel of the City or its insurer to rely upon the limitations, defenses, and immunities contained
within Wis. Stat. § 893.80, 895.52, and 345.05. The City or its insurer shall not be liable in
indemnity, contribution or otherwise for an amount greater than the limits of liability for municipal
claims established by Wisconsin law. The provisions of this section shall survive the termination
or expiration of this Agreement.
8. Covenants Run with Land. All terms and conditions in this Agreement, including the benefits
2

Page 79 of 85

and burdens, shall run with the land and shall be binding upon, inure to the benefit of, and be
enforceable by the Owner and the City and their respective successors and assigns.
9. Non-Use. Non-use or limited use of the Easement rights granted in this Agreement shall not
prevent the benefiting party from later use of the Easement rights to the fullest extent authorized in
this Agreement.
10. Entire Agreement. This Agreement sets forth the entire understanding of the parties and may not
be changed except by a written document executed and acknowledged by all parties to this
Agreement and duly recorded in the office of the Register of Deeds of Pierce County, Wisconsin.
11. Notices. All notices to either party to this Agreement shall be delivered in person, sent by reputable
overnight delivery or courier service, or sent by certified mail, postage prepaid, return receipt
requested, to the other party at that party’s last known address. If the other party’s address is not
known to the party desiring to send a notice, the party sending the notice may use the address to
which the other party’s property tax bills are sent. Either party may change its address for notice
by providing written notice to the other party.
12. Invalidity. If any term or condition of this Agreement, or the application of this Agreement to any
person or circumstance, shall be deemed invalid or unenforceable, the remainder of this Agreement,
or the application of the term or condition to persons or circumstances other than those to which it
is held invalid or unenforceable, shall not be affected thereby, and each term and condition shall be
valid and enforceable to the fullest extent permitted by law.
13. Waiver. No delay or omission by any party in exercising any right or power arising out of any
default under any of the terms or conditions of this Agreement shall be construed to be a waiver of
the right or power. A waiver by a party of any of the obligations of the other party shall not be
construed to be a waiver of any breach of any other terms or conditions of this Agreement.
14. Enforcement. Enforcement of this Agreement may be by proceedings at law or in equity against
any person or persons violating or attempting or threatening to violate any term or condition in this
Agreement, either to restrain or prevent the violation or to obtain any other relief. If a suit is brought
to enforce this Agreement, the prevailing party shall be entitled to recover its costs, including
reasonable attorney fees, from the nonprevailing party.
15. No Liens. No party to this Agreement shall permit any claim, lien or other encumbrance arising
from any party’s use of the Easement referenced herein to accrue against or attach to the property
of any other party to this Agreement.
16. Authority to Sign. The undersigned persons executing this Agreement on behalf of the City and
the Owner represent and certify that they are fully empowered to execute and deliver this document;
that Owner has the full capacity to convey Easement described herein; and that all necessary action
for the making of such conveyance has been taken and done.
17. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall
be deemed an original, and all of which together shall constitute one and the same instrument.
[SIGNATURE PAGES FOLLOW]
3

Page 80 of 85

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
set forth above.
OWNER:

TB-PRESCOTT, LLC
By:
__________________________
Name: Trevor Bohland
Title: Authorized Representative
ACKNOWLEDGEMENT
STATE OF WISCONSIN
COUNTY OF __________________

)
)ss.
)

Personally came before me on the ____ day of May, 2026, the above-named Trevor Bohland, to me known
to be the person(s) who executed the foregoing instrument and acknowledged the same.
_______________________________________
___________________________, Notary Public
State of ____________________
My commission expires: ___________________

THIS DOCUMENT DRAFTED BY:
Atty Christopher B. Gierhart
Weld Riley, S.C.
PO Box 1030
Eau Claire, WI 54702-1030

[Signature Page 1 of 2]

Page 81 of 85

CITY:
City of Prescott, a Wisconsin municipal corporation
By:
Michael H. Gerke, Mayor
Attest:
Rashel Temmers, City Clerk
ACKNOWLEDGEMENT
STATE OF WISCONSIN
COUNTY OF PIERCE

)
)ss.
)

Personally came before me on the ____ day of May, 2026, the above-named Michael H. Gerke and
Rashel Temmers, to me known to be the person(s) who executed the foregoing instrument and
acknowledged the same.
_______________________________________
___________________________, Notary Public
State of ____________________
My commission expires: ___________________

THIS DOCUMENT DRAFTED BY:
Atty Christopher B. Gierhart
Weld Riley, S.C.
PO Box 1030
Eau Claire, WI 54702-1030

[Signature Page 2 of 2]

Page 82 of 85

EXHIBIT A
(Legal description of Property)
LOCATED IN THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4, SECTION 10, TOWNSHIP 26 NORTH, RANGE 20
WEST, CITY OF PRESCOTT, PIERCE COUNTY, WISCONSIN, AND BEING MORE PARTICULARLY DESCRIBED AS
FOLLOWS:
•
•
•
•
•
•
•
•
•
•

COMMENCING AT THE EAST 1/4 OF SECTION 10;
THENCE, N.00°28'10"E., ALONG THE EAST LINE OF THE NORTHEAST 1/4 OF SECTION 10, A
DISTANCE OF 849.23 FEET;
THENCE, N.89°31'50"W., A DISTANCE OF 33.00 FEET TO THE NORTH RIGHT OF WAY OF GLEN
RIDGE DRIVE, BEING THE POINT OF BEGINNING;
THENCE S.89°16'08"W., ALONG SAID NORTH RIGHT OF WAY A DISTANCE OF 640.81 FEET TO
WEST LINE OF LOT 17, MELSTROM'S GLENRIDGE 1ST ADDITION
THENCE, N.00°35'12"W., A DISTANCE OF 135.16 FEET TO THE NORTHWEST CORNER OF SAID LOT
17;
THENCE, N.89°16'22"E., ALONG THE NORTH LINE OF SAID LOT 17, A DISTANCE OF 120.00 FEET
TO THE SOUTHEAST CORNER OF LOT 15, MELSTROM'S GLEN RIDGE 1ST ADDITION;
THENCE, N.00°35'51"W., ALONG THE EAST LINE OF SAID LOT 15, A DISTANCE OF 180.00 FEET TO
A POINT ON THE SOUTH LINE OF LOT 14, MELSTROM'S GLEN RIDGE 1ST ADDITION;
THENCE, N.89°16'33"E., ALONG SAID SOUTH LINE OF LOT 14, A DISTANCE OF 33.00 FEET;
THENCE, N.89°37'43"E., A DISTANCE OF 493.60 FEET TO THE WEST RIGHT OF WAY OF DEXTER
STREET;
THENCE, S.00°28'10"E., ALONG SAID WEST RIGHT OF WAY, A DISTANCE OF 312.12 FEET TO THE
POINT OF BEGINNING. AND BEING SUBJECT TO EXISTING EASEMENTS

For informational purposes only:
Tax Parcel No. 271-01160-1780 (271011601780)

[Exhibit A]

Page 83 of 85

EXHIBIT B
(Legal description of Easement Area)

LOCATED IN THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4, SECTION 10, TOWNSHIP
26 NORTH, RANGE 20 WEST, CITY OF PRESCOTT, PIERCE COUNTY, WISCONSIN AND
BEING MORE PARTICULARLY DESCRIBED AS A 20.00 FOOT WIDE EASEMENT,
WHICH LIES 10.00 FEET ON EACH SIDE OF THE FOLLOWING DESCRIBED
CENTERLINE:
COMMENCING AT THE EAST 1/4 OF SECTION 10;
THENCE, N.00°28’10”E., ALONG THE EAST LINE OF THE NORTHEAST 1/4 OF SECTION
10, A DISTANCE OF 849.23 FEET;
THENCE, N.89°31’50”W., A DISTANCE OF 33.00 FEET TO THE NORTH RIGHT OF WAY
OF GLENRIDGE DRIVE;
THENCE S.89°16’08”W., ALONG SAID NORTH RIGHT OF WAY A DISTANCE OF 277.80
FEET TO THE POINT OF BEGINNING OF THE CENTERLINE TO BE DESCRIBED;
THENCE, N.01°47’03”W., A DISTANCE OF 313.93 FEET AND SAID CENTERLINE THERE
TERMINATING.
THE SIDELINES OF THE EASEMENT ARE TO BE PROLONGED OR SHORTENED TO
TERMINATE ON THE NORTH AND SOUTH PROPERTY BOUNDARIES OF THE
AFFECTED PARCEL.

[Exhibit B]

Page 84 of 85

Exhibit F
Pro Forma
(see attached)

[Exhibit F]

Page 85 of 85

Exhibit G
Total Development Costs
(see attached)

38369046.7

[Exhibit G]

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