[PAGE 1] Village of Richfield 4128 Hubertus Road, Hubertus, WI Joint Review Board Meeting Minutes, May 1, 2025 Tax Incremental District No. 1 – Boundary Amendment 1:00 PM THIS MEETING WAS HELD BOTH IN-PERSON AND VIRTUALLY VIA MICROSOFT TEAMS 1. Call to Order The meeting was called to order by Village President John Jeffords at 1PM. A quorum of the Joint Review Board (JRB) was present. 2. Roll Call Board Members Present: Village President John Jeffords, Aaron Daul, Washington County, and MATC Representative Sherry Terrell-Web, Brittney Dr. Chris Rueter, Germantown School District. Also present: Village Administrator Jim Healy 3. Appointments (as needed): a. Public Member Motion by Aaron Daul to appoint Dr. Tara Villalobos as the Public Member to the JRB; Seconded by Sherry Terrell-Web; Motion passed without objection. b. Chairperson Motion by Aaron Daul to appoint Village President John Jeffords as Chairperson; Seconded by Sherry Terrell- Web; Motion passed 3-0-1, Jeffords Abstained from Voting. 4. Review responsibilities of the Joint Review Board Jon Cameron from Ehler’s Financial Consultants introduced and gave information on responsibilities of the Joint Review Board. He discussed the importance of the ‘but for’ test when approving tax incremental financing districts. He also spoke about the roles of and responsibilities of the members representing the various taxing jurisdictions which include the Germantown School District, Milwaukee Area Technical College, Washington County, and the Village of Richfield. 5. Review and discuss draft Project Plan Jon Cameron from Ehler’s Financial Consultants gave the history of the Village of Richfield’s TID No. 1, which was created for the single site serving Quest Engineering a few years back. The proposed new boundary would include all those parcels included in the Endeavor Business Park which is generally bordered by Mayfield Road, STH 145, and I-41. Christian Tscheschlok, Executive Director for Economic Development Washington County, gave background on “Project Eagle”. Currently, this business is in southeastern Wisconsin and employs 85 full-time employees across a variety of functions with the majority being in projection. Their current facility is leased, and they are seeking to own their own facility while having the potentiality of increase the size of their manufacturing footprint. What is being proposed is approximately 103,000sqft of industrial space with approximately 7,000sqft of office space. They have proposed future expansion shown on their site plan, but it is not being considered at this time. The square footage for their expansion is 143,000sqft. They are projecting 100 new jobs because of this business expansion. Locations under consideration include this site in southeastern Wisconsin, Ohio and Texas. [PAGE 2] Village of Richfield 4128 Hubertus Road, Hubertus, WI Joint Review Board Meeting Minutes, May 1, 2025 Tax Incremental District No. 1 – Boundary Amendment 1:00 PM Their product lines include those products which have the application of carbon and graphite products and business solutions serving automotive, chemical, pharmaceutical, food, HVAC, energy, household appliance, aviation and aerospace industries. As a part of this process, the parcel combined seven (7) lots via a Certified Survey Map (CSM). The CSM also included the vacation of a public roadway which was necessary for the construction of this proposed building. It was mentioned that the Village of Richfield and “Project Eagle” are still in negotiations and it would be expected that a pre-development agreement would be formed sometime in the near future with construction expected to occur in the fourth quarter of 2025. 6. Set next meeting date to consider approval of the TID The members of the Joint Review Board were targeting the week of June 2-6th and tentatively agreed to meet on June 5, 2025 at 1PM both virtually and in-person at the Village of Richfield Village Hall. 7. Adjournment Motion to adjourn by Aaron Daul at 1:32 PM; Seconded by Sherry Terrell-Web; Motion carried without objection. Respectfully submitted, Jim Healy, Village Administrator