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Rothschild board approves three-cycle capital borrowing plan and reimbursement resolution
Summary
The Village of Rothschild approved capital borrow cycles for 2026, 2028 and 2030 to fund streets, water and sewer projects and adopted Reimbursement Resolution 2026-01 to provide an audit trail for those borrowed funds; both measures passed unanimously.
Village of Rothschild trustees on March 9 approved a three-cycle capital borrowing plan covering 2026, 2028 and 2030 and adopted Reimbursement Resolution 2026‑01 to document use of borrowed funds.
Village Administrator Ryan VanDeWalle told trustees the plan is built on a pro forma and debt-management template prepared with consultant support and staff input to keep planned street, water and sewer projects affordable. He said the goal is to balance necessary work without placing the village in financial hardship.
VanDeWalle said consultant Justin Fischer of Baird would provide greater detail on the proposed pro forma and debt-management approach. Trustees approved the borrowing plan on a 7–0 vote after a motion by Trustee Sam Stroik and second by Trustee Louella Luedtke.
VanDeWalle also presented Reimbursement Resolution 2026‑01, which he described as a customary intergovernmental measure that creates an audit trail and gives the village flexibility to reimburse accounts as expenditures and revenues occur following borrowing. That resolution was approved 7–0 on a motion by Trustee Paul Kennedy, seconded by Trustee Bill Schremp.
The actions clear the way for the village to proceed with the next round of capital financing and related accounting steps. The board later moved into a closed session on separate property negotiations and reconvened with no action taken before adjourning at 7:52 p.m.
