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West Bend BID board approves 2027 operating plan amid lower assessment estimate
Summary
Staff presented the 2027 BID operating plan and a packet of financial summaries showing an assessment estimate roughly $111,000 lower than last year; the board voted to direct staff to proceed with the plan, schedule an open forum in September and forward it toward council public hearings.
John presented the financial packet and the draft 2027 operating plan, noting it is roughly 75% similar to last year and includes goals, bylaws and a reference to a section of state statute. He told the board the assessment calculation in the packet shows an estimate "at about a $111,000 that is less than last year," attributing the decrease to several properties losing value and two building losses on South Main. John said staff will hold an open forum at the September meeting for public input before forwarding the plan to city council for a public hearing and final adoption.
After discussion about property-value changes and the timing required to get numbers to finance for tax bills, a board member moved to approve the 2027 operating plan as presented; the motion was seconded and approved by voice vote. John offered to research the process for expanding BID boundaries if parties such as Titletown formally express interest, and to circulate an informational email outlining next steps.
