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After closed session, board agrees to reduce TIF4 loan balance to $5,000 if paid by June 30
Summary
Following a closed session under Wis. Stat. 19.85(1)(e), the Village of Hartland board voted to reduce a TIF4 loan balance to $5,000 on condition the balance is paid in full by June 30, 2026; the motion was based on matters discussed in closed session and carried on return to open session.
After deliberating in closed session under Wisconsin Statutes 19.85(1)(e) on matters related to Tax Increment Financing District Number 4, the Village of Hartland board returned to open session and approved a conditional loan-reduction agreement.
A trustee moved "that we reduce TIF4 loan balance to $5,000 if paid by June 30, 2026," the motion was seconded and, after confirmation that the item had been discussed in closed session, the vote to carry the conditional reduction was recorded as carried.
The board's action was explicitly based on matters discussed in closed session; the president stated the item "is based on information that was discussed in the closed session." The transcript records the vote and indicates the board had voted unanimously to enter closed session earlier in the meeting.
The transcript does not include the borrower’s name, the original loan balance, or the detailed conditions beyond the payment-by date; those specifics were discussed in closed session and are not in the public transcript.
