Waunakee Joint Review Board reviews PE‑300 reports for TIDs 4–9; staff projects several early closures

The Waunakee Joint Review Board reviewed annual PE‑300 reports and forward‑looking cash‑flow projections for Tax Increment Districts 4 through 9 on Oct. 22, 2025.

Staff presenters said TID 4 (the Stokely site, which includes senior center and housing) will be reported as closed for this cycle: its expenditure period ended Dec. 2, 2024, and the district’s legal life ended April 7, 2025. Casey Griffiths, who prepared the updates and presented an abbreviated slide deck, said the final incremental value for TID 4 is $9,589,400 and the district closed 2024 with a fund balance of $47,285 after audited 2024 revenues of $112,009.21 and expenditures of $158,008.53, producing a 2024 deficit of about $45,009.32. Griffiths noted the village adopted a resolution to close the district as of April 7, 2025.

Renee (village staff) told the board the TID 4 closeout audit is in progress and expected to complete in 2025. Staff also said groundwater contamination and residual odors delayed an earlier closure; environmental engineers Ayers and Associates and village staff worked with the Wisconsin Department of Natural Resources (DNR) to obtain closure of the residual issue.

On downtown TID 5, staff…