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Kewaskum Joint Review Board reviews annual TID reports for districts 2–6, elects chair and schedules next meeting
Summary
At its June 15 meeting the Kewaskum Joint Review Board elected a chair, approved minutes, set a June 14, 2027 meeting date and heard staff reports on TIDs 2–6 covering fund balances, transfers, developer agreements and infrastructure work; no financing votes were taken.
Kewaskum — The Kewaskum Joint Review Board met June 15, 2026, elected a chair by voice vote and heard annual reports on Tax Increment Districts (TIDs) 2 through 6. Board members also set their next meeting for June 14, 2027 and adjourned.
Roll call and elections
Tammy conducted roll call and confirmed the agenda posting. A member nominated Fuzz Martin for chair and Arend Doll seconded; the board approved the nomination by voice vote. The board then moved to approve the minutes from the June 16, 2025 meeting; members voted in favor and the motion carried.
Summary of TID reports
- TID 2: Village staff reported TID 2 began the year with a roughly $3.7 million negative fund balance and ended the year close to negative $4 million. Staff listed tax increment revenue at about $590,000, principal payments of about $609,000, interest and fiscal charges of about $185,000, and professional services near $4,000. Staff said projected revenue — including a donation from TID 3 — could result in roughly a $700,000 surplus over the district’s lifetime if projections hold. Staff emphasized that, for the 2026 budget, TID 2 debt was no longer charged to taxpayers and that debt falling off in 2028 is a positive factor.
- TID 3: Staff reported about $73,500 in increment and a shared exempt computer tax (~$395). Expenditures included legal and professional services (~$13,000) and a $60,000 transfer to TID 2; staff said the TID’s year-end balance is zero because remaining increment is shifted to TID 2. Staff described a developers agreement with TPK 2023 LLC for village-owned land (roughly 15 acres); the developer is working on platting and engineering and must resolve a landlocked parcel and sewer/stormwater district issues before closing.
- TID 4: Staff said TID 4 (Drexel building area) had negative fund balances due to engineering and professional fees and a county loan (~$1.3 million). Reported increment for the 2025 roll was about $325,000, and staff projected future revenue exceeding $6 million that would move the TID into surplus. Staff noted the pending water-loop infrastructure work and remaining easements.
- TID 5: Staff said phase one (two units) is complete, assessed value as of Jan. 1 is about $2.9 million, and the county led the project. No building permits for subsequent phases were on file and the number of units sold was not specified.
- TID 6: Staff presented a large-scale redevelopment plan (see separate article) and said that, once the developer resolves platting, financing and utility issues and closes on the land, additional downtown funding and incentives could be triggered.
Procedural items and adjournment
The board scheduled its next meeting for Monday, June 14, 2027 at 3:00 p.m. by voice vote. A motion to adjourn carried and the meeting was ended.
What the board directed next
Staff said it will update TID reporting forms to include a previously omitted $60,000 allocation from TID 3 and will continue to follow developer progress on TID 3 and TID 6. No formal financing decisions, loan approvals or incentive disbursements were voted on by the Joint Review Board at this meeting.
