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Committee asks for five-year vehicle and equipment replacement plan; CD renewal cleared while boat-launch project on hold

Village Finance Committee · June 8, 2026
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Summary

Chairman Borchardt asked staff to build a five-year vehicle and equipment replacement plan to guide capital budgeting. The committee discussed renewing certificates of deposit and noted a Lakeview Park boat-launch project is on hold until year-end, allowing the related CD to be renewed now.

Chairman Dave Borchardt asked staff to use provided information to compile a five-year vehicle and equipment replacement plan to guide future capital budget decisions. The plan is intended to clarify replacement timing and funding needs for fleet and equipment.

On CD renewals Clerk/Treasurer Stephanie Waala said only the Bob McDermott Lakeview Park CD might be needed for a potential boat-launch project; Member Rachel Fuller said the boat-launch project is on hold until the end of the year and that the CD renewal can proceed. No transfers or non-renewal decisions were adopted at the meeting; the committee directed staff to return with the five-year plan.