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Draft Minutes

City of Altoona, WI Council Meeting Minutes August 12, 2021 Page 1 of 4

CITY OF ALTOONA, WI

REGULAR COUNCIL MEETING MINUTES

August 12, 2021

(I) Call Meeting to Order

Mayor Brendan Pratt called the meeting to order at 6:00 p.m. The Regular Council Meeting was held in

the Council Chambers at Altoona City Hall, 1303 Lynn Avenue, Altoona, WI.

(II) Pledge of Allegiance

Mayor Pratt led the Common Council and others in attendance in the Pledge of Allegiance.

(III) Roll Call

City Clerk Cindy Bauer called the roll. Mayor Brendan Pratt, Council Members Timothy Lima,

Matthew Biren, Tim Sexton, and Susan Rowe were present. Dale Stuber was present via phone.

Also Present: City Attorney John Behling, City Engineer/Director of Public Works (CE/DPW) Dave Walter,

City Planner Joshua Clements, Finance Director Tina Nelson, and City Clerk Cindy Bauer.

Absent: Council Member Maria Guzman

City Administrator Michael Golat.

(IV) Citizen Participation Period

Motion by Biren/Lima to close the Citizen Participation Period. Motion carried.

(V) Approval of minutes.

Motion by Biren/Rowe to approve the minutes of the July 22, 2021, Regular Council Meeting. Motion

carried.

(VI) City Officers/Department Heads Report

Management Analyst Roy Atkinson updated the Council on the Smoking Cessation Project with the

Smoking Cessation Group.

CE/DPW David Walter update the Council on the Bradwood Avenue Reconstruction Project.

City Planner Clements updated the Council on the Comprehensive Plan Community Planning

Workshops.

City Committee Reports – None.

(VII) Consent Agenda –

(1) Discuss/consider approval of Resolution 8A-21, a resolution authorizing the City Engineer/Public Works

Director and/or their designee to submit an application on behalf of the City of Altoona, WI for the WI DNR

Urban Forestry Grant and/or Urban Forestry Catastrophic Storm Grant Programs.

(2) Discuss/consider amending the premise description on the “Class B” Combination Liquor and Beer

License issued to Somewhere Pub, LLC, DBA Somewhere Pub, located at 1485 Front Porch Place, to include

Storage Room A to the premise description.

Motion by Rowe/Lima to approve Consent Agenda Items 1 and 2. Motion carried.

(VIII) Unfinished Business – None.

(IX) New Business

(1) Updated PreSale Report for 2021 Financing & Refinancing by Financial Advisor Sean Lentz.

Sean Lentz, Financial Advisor for Ehlers was present to give an updated Presale Report for the 2020B

Bond Issues. The new report includes financing the 2021 Capital Projects and also adds the refinancing of debt

that results in a restructure of debt and allows for interest savings. No action is required. The sales

Return to Agenda >>

Draft Minutes


results/approval will be presented at the August 26, 2021 Council Meeting.

(IX)(2) Quarterly Tourism Report Presented by Visit Eau Claire.

As you are aware, Visit Eau Claire is Altoona’s contracted tourism promotion agency. In order to detail

tourism marketing efforts in Altoona, Visit Eau Claire will continue providing quarterly updates to the council.

Benny Anderson, Executive Director of Visit Eau Claire, was present at the meeting to discuss tourism marketing

in Altoona and gave a quarterly report on Tourism.

(IX)(3) Presentation by Eagle Scout regarding Gaga Ball Pit project in River Prairie Park and Altoona City

Park. Possible action to follow.

Management Analyst Atkinson explained that over the last several years City staff has partnered with local

Eagle Scouts to complete several projects within Altoona City Parks. Recently, Scout Isaac Holzinger contacted

the City regarding a potential project in which he would fundraise and build Gaga Ball Pits within Altoona (10th

Street) and River Prairie Parks. Staff has met with Isaac on multiple occasions to discuss/vision the project and to

determine the definite sizes of the pits within the park spaces. Isaac is proposing to complete his project by the

end of August - early September.

Eagle Scout Isaac Holzinger was in attendance to present his project to the City Council and answer any

questions they had regarding Gaga Ball Pit.

Motion by Rowe/Lima to approve construction of two Gaga Ball Pits subject to review/approval by the

Parks and Recreation Committee. Motion carried.

(IX)(4) Public hearing at 6:00 p.m. or as soon thereafter as possible regarding proposed modifications to

Altoona Municipal Code 19.52 Parking and Loading Spaces regarding residential driveway widths.

Mayor Pratt opened the public hearing at 6:35 p.m.

City Planner Josh Clements explained Ordinance 8A-21. Clements said that newer homes that are

proposed and under construction feature garages with total width of openings are approximately 30 feet. The

current ordinance permits driveways up to 30 feet in width, leaving no additional pavement beyond the width of

the opening. This creates a functional challenge for people entering or exiting the vehicles with little to no

pavement in the egress area. Adding two feet on each side of the garage creates such an area.

City Planner Clements said the current ordinance does include a provision whereby the “Zoning

Administrator may grant minor deviations from the standards under this Section wherein site constraints

reasonably necessitate flexibility (...)”. However, deviations of greater than ten percent are typically not considered

to be minor. The proposed amendment to the zoning title provides for a small adjustment to fit current functional

conditions.

Motion by Lima/Rowe to close the public hearing at 6:37 p.m. Motion carried.

(IX)(5) Discuss/consider approval of Ordinance 8A-21, an Ordinance amending Section 19.52.080 of the

Altoona Municipal Code 19.52 Parking and Loading Spaces regarding residential driveway widths.

City Planner noted that the Plan Commission voted unanimously to recommend approval on July 20th.

Motion by Rowe/Lima to approve Ordinance 8A-21, an Ordinance amending Section 19.52.080 regarding

residential driveway widths. Motion carried.

(IX)(6) Discuss/consider approval of a Retail Class “B” Beer license to sell fermented malt beverages and

a Retail “Class C” wine license to sell wine in the City of Altoona to Xavier Artisan, DBA Xavier Artisan,

Robert DeFatta, Agt, 1470 River’s Edge Trail, Altoona, WI.

City Clerk Bauer explained that the City received an Alcohol Beverage Retail License Application from

Robert DeFatta, who will be operating a Bistro under the name of Xavier Artisan, located in the River Prairie

Wellness Center, 1470 River’s Edge Trail, located in the northeast quadrant of River Prairie. They are requesting

a Retail Class “B” Beer license to sell fermented malt beverages and a Retail “Class C” Wine License to sell wine

in their establishment. They plan to be open for business by November 1, 2021. The licensing period will be

effective September 1, 2021 through June 30, 2022. Police Chief Kelly Bakken has reviewed the application and

recommends approval.

Draft Minutes


Robert DeFatta was present to ask for an amendment on the Premise Description to include a fenced in

outside patio.

Motion by Biren/Rowe to approve a Retail Class “B” Beer license and “Class C” wine license in the City

of Altoona to Xavier Artisan. Motion carried.

(IX)(7) Discuss/consider awarding the bid for the 2021 Lake Road Pavement Replacement project.

CE/DPW Walter explained that the city held a bid opening for the 2021 Lake Road Pavement Replacement

project at 2:00 p.m. on August 10, 2021. The bid tabulation was distributed to Council members prior to the

meeting. The project includes pulverizing the existing pavement and base, shaping of the base course, repaving

with asphaltic concrete pavement, shoulder improvements, and lawn restoration. CE/DPW Walter said that the

city received one bid from Haas Sons, Inc, Thorp, WI.

Motion by Lima/Biren to approve awarding the bid for the Lake Road Pavement Replacement project to

Haas Sons for $208,098.08. Motion carried.

(IX)(8) Discuss/consider approval of Resolution 8B-21, a final resolution of the Common Council of the City

of Altoona exercising its police powers pursuant to Section 66.0703 of Wisconsin Statutes to specially assess

for the 2021 Lake Road Pavement Replacement project.

CE/DPW Walter explained that a public hearing was held on July 22, 2021 to consider input from

interested parties and affected property owners regarding the Lake Road Pavement Replacement project. Affected

property owners as listed in the Eau Claire County tax roll were notified and were provided a copy of their

estimated assessments. The scope of the project includes pavement replacement on Lake Road from 100 feet east

of the Union Pacific driveway to Park Road. Walter noted that items included in the project consist of pulverization

of the existing pavement and base, shaping of the base course, repaving with asphaltic concrete pavement, shoulder

improvements, and lawn restoration.

CE/DPW Walter noted that Council just approved awarding the bid to Haas Sons, Inc. Walter noted that

paragraph 3 in the final resolution was amended to include the following:

Payment, in part, for the improvements shall be made by assessing $52,492.89 of the estimated total

project cost of $208,098.08 to property benefited.

Motion by Rowe/Lima to approve Resolution 8B-21, a final resolution exercising its police powers

pursuant to Section 66.0703 of Wisconsin Statutes to levy special assessments against benefited property for the

2021 Lake Road pavement Replacement Project as amended under paragraph 3 of the Final Resolution. Motion

carried.

(IX)(9) Discuss/consider transfer of ownership of outlots within the High Point Estates Subdivision.

City Attorney John Behling explained that there are three Outlots platted within the High Point Estates

subdivision still owned by the original Developer (Sirius Development, LLC), each serving a different purpose.

One lot was set aside for a subdivision entrance sign, one for a storm water pond and another to provide access to

School District of Altoona property to the north.

The covenants for High Point stipulate that ownership of the outlots will be conveyed from the Developer

to a homeowner’s association (HOA) made up of all the owners of lots in the subdivision. However, while perhaps

implied, the covenants do not stipulate that responsibility for maintenance of the outlots transfers to the HOA.

Complicating matters is that the HOA is not active, and I understand there is no desire by the affected property

owners to activate the HOA. Given the complicated nature of the situation, Sirius approached the City to request

guidance on how to move forward with disposition of the outlots.

City Attorney Behling mentioned that Staff consulted with legal counsel to come up with a solution to

address the outlot issue. Staff and legal counsel are suggesting that ownership of the subject outlots be conveyed

to three different parties as follows:

1. Lot 1: The subdivision entrance sign, to the residential neighbor to the south located at 1212 Thompson Drive.

2. Outlot 2: The storm water pond outlot, to the City.

3. Outlot 3: The lot providing access to the school property, to the School District of Altoona.

City Attorney Behling noted that each of the prospective property recipients have been approached and

each has expressed interest in owning the respective outlots. Before moving forward, legal counsel is suggesting

Draft Minutes


that the City contact each owner of a lot in High Point Estates to determine whether any owner objects to the

transfer of the outlots as noted. Following approval, Legal Counsel will prepare Quit Claim Deeds to all three

outlots.

Motion by Lima/Biren to approve transfer of ownership of outlots within the High Point Estates

Subdivision as described. Motion carried.

(X) Miscellaneous Business and Communication.

Mayor Pratt asked for Council input regarding going back to Council Meetings via Zoom. Consensus was

to go back with Zoom Meetings starting with the August 26, 2021 Council Meeting.

(XI) Adjournment.

Motion by Lima/Rowe to adjourn at 7:16 p.m. Motion carried.

Minutes submitted by Cindy Bauer, City Clerk

City of Altoona, WI, Regular Council Meeting Summary, August 26, 2021 Page 1 of 4

MEMORANDUM

TO: Altoona City Council

FROM: Michael Golat, City Administrator

SUBJECT: Summary of THURSDAY, AUGUST 26, 2021 Council Meeting Items

Provided below for your consideration is a summary of the THURSDAY, AUGUST 26, 2021 Council

Meeting agenda items.

(VII) CONSENT AGENDA

(VIII) UNFINISHED BUSINESS

(IX) NEW BUSINESS

ITEM 1 - Discuss/consider approval of Resolution 8C-21, a resolution authorizing the closing of books

of account for the year ended December 31, 2020 and to accept the Comprehensive Annual Financial

Report for 2020. (Discussed at the August 26, 2021 Finance Committee Meeting).

Following completion of the Auditor’s presentation, given at the August 26, 2021 Finance Committee

meeting, staff recommends Council approve a motion to authorize closing the books of account for 2020

and to accept the City’s 2020 Comprehensive Annual Financial Report as presented.

Attached are the 2020 Financial Statement and Communication Letters. Also attached is a summary of the

Financials prepared by CLA (CliftonLarsonAllen LLP).

Suggested motion: I move to approve/not approve Resolution 8C-21, a resolution authorizing the closing

of books of account for the year ended December 31, 2020 and to accept the Comprehensive Annual

Financial Report for 2020.

ITEM 2 - Discuss/consider approval of Resolution 8D-21 Authorizing the Issuance and Sale of

$6,680,000 General Obligation Promissory Notes, Series 2021B.

This resolution accepts the best bid for the G.O. Promissory Notes, Series 2021B and secures the

proposed term for a closing on the notes. The Notes are being issued to provide financing for 2021

General Fund and Water, Sewer and Stormwater Utilities 2021 Capital Projects and refund certain

obligations of the City that will allow the City to save on interest cost. Sean Lentz, from Ehlers will be

present and go over the Sale Day Report. The resolution is being prepared by our Bond Council Quarles

and Brady LLP. and will be forthcoming. Also forthcoming will be the Preliminary Official Statement.

This document is used for the purpose of disclosing information regarding the Notes to prospective

underwriters in the interest of receiving competitive proposals.

RETURN to Agenda >>

mailto:[email protected]


Suggested motion: I move to approve/not approve Resolution 8D-21, a resolution providing for the

approval of the $6,680,000 General Obligation Promissory Notes, Series 2021B.

ITEM 3 - Public Hearing at 6:00 or as soon thereafter as possible regarding a proposed Certified

Survey Map to divide parcel 201100209060 located between Woodman Drive and River Prairie

Drive (Discussed at the August 17 Plan Commission).

See Enclosed:

- Proposed CSM

The proposed Certified Survey Map subdivides the 2.101-acre parcel into a 1.12-acre and 0.981-acre parcel.

The easterly parcel, 1.12-acres, is subject to a proposed Specific Implementation Plan to be considered later

on the agenda.

Suggested motion: I move to close the public hearing.

ITEM 4 - Discuss/consider approval of a Certified Survey Map to subdivide parcel 201100209060.

See ITEM 3 for summary and materials. The Plan Commission recommended approval on August 17th.

Suggested Motion: I move to approve the Certified Survey Map.

ITEM 5 - Discuss/consider approval of a Specific Implementation Plan for a multi-tenant building

occupying the eastern half of parcel number 201100209060 located between Woodman Drive and

River Prairie Drive in the River Prairie Mixed Use District. (Discussed at the 8/17/2021 Plan

Commission meeting).

See Enclosed:

- Staff Report 21-08B

- Proposed Specific Implementation Plan

The proposed Specific Implementation Plan (SIP) for a 6,200 ft2 commercial multi-tenant building

architecture and site design elements for property located between Woodman Drive and River Prairie

Drive, east of Bluestem Boulevard. This site is part of the Woodman’s Crossing General

Implementation Plan in the River Prairie Mixed Use District zoning. The property is a prepared “pad

ready” site.

The 2.101-acre site is proposed to be subdivided via CSM to create two parcels. This proposed SIP

applies to the easterly 1.12 acres. The vehicle ingress/egress is taken from Woodman Drive, a private

road.

See the enclosed Staff Report and proposed Specific Implementation Plan for further analysis and

detail.


Staff recommends approval of the Specific Implementation Plan as being in substantial compliance

with the River Prairie Design Guidelines and Standards with the following modifications:

A. Access, Circulation & Parking (RPDG IX. 1)

1. Walkways shall be a minimum of six feet in width [IX. 1. (C)(5)].

B. Building and Architectural Standards [RPDG IX 7]

1. The Council recognizes that the proposed site arrangement does not meet the design

guidelines insofar as allowing automobile circulation and parking between the building and the

primary street [RPDG IX 7.3 (B)(2)], and greater setback than otherwise permitted, due to the

proposed uses that include vehicle drive-through facilities [RPDG IX 7.3 (B)].

2. Any/all mechanical equipment, including roof-mounted units, shall be appropriately

screened by building-compatible materials or landscaping [RPDG, IX 7 H].

3. Sign permits will be required for all building and ground signs and meet design

requirements outlined in the River Prairie Design Guidelines, IX 5.

4. All exterior lighting on the site shall be of full cut-off design and be shielded to prevent

spillover of direct light onto adjacent properties [Altoona Municipal Code 19.59.030 (H)].

C. Utilities

1. If the building features a sprinkler system, the Fire Department Connection (FDC) shall be

4” STORTZ with final placement reviewed and approved by Altoona Fire Department.

2. Submittal and successful review of final storm water plan and civil site plan by City

Engineer as described in the Altoona Municipal Code Chapter 14.

The SIP was recommended for approval, with the above modifications, by the Plan Commission on August

17th.

Suggested motion: I move to approve/not approve the proposed Specific Implementation Plan as being in

substantial compliance with the River Prairie Design Guidelines & Standards with staff-recommended

modifications.

ITEM 6 - Discuss/consider approval of a Development Agreement for Prairie View Ridge II.

See Enclosed:

- Proposed Development Agreement

The proposed Development Agreement for Prairie View Ridge provides for the terms and conditions for

the private development of public facilities and related conditions of land subdivision. Much of the

agreement is standard development agreement terms.


Section 3, “Special Conditions” includes particular provisions unique to this development, including the

location and sizing of specific utility elements. The Agreement also includes a provision to preserve the

proposed woodland preservation “no cut” easement area throughout the development process and measures

to communicate the presence of the easement to future owners.

The Agreement includes the required parkland dedication fee which is modified from the Development

Agreement for Prairie View Ridge due to a change in the number of lots, and the planned acquisition of

two lots by the City for a future well location.

The City Attorney is working on a restrictive covenant to record with the plat to include management and

enforcement provisions of the “no cut” easement. A draft of this document will be provided as far in

advance of the meeting as possible. Final revisions may be required prior to recording.

Suggested motion: I move to approve/not approve the proposed Development Agreement and authorize

the Mayor to sign upon completion of the restrictive covenant regarding the woodland preservation,

provision of the performance guarantee, and approval of the Civil Plan.

ITEM 7 - Discuss/consider approval of the Final Plat for Prairie View Ridge II. (Discussed at the

8/17/2021 Plan Commission Meeting).

See Enclosed:

- Final Plat, Prairie View Ridge II

The Preliminary Plat for Prairie View Ridge II was conditionally approved by the City Council on May 13,

2021. As you may recall, a portion of the subject area was also rezoned from R1 to TH during that same

meeting.

The proposed Final Plat is substantially consistent with the approved preliminary plat. The Final Plat was

recommended for approval by the Plan Commission on August 17th.

Suggested motion: I move to approve/not approve the Final Plat for Prairie View Ridge II.

ITEM 8 - Discuss/consider approval of Ordinance 8B-21, an Ordinance amending Chapter 10.20 of

the Altoona Municipal Code “Stopping, Standing and Parking” to add a parking prohibited section

along the west side of North 10th Street West north of Spooner Avenue.

Eau Claire Transit contacted City Staff with a request to add a parking prohibition along the west side of

North 10th Street West, north of Spooner Avenue. Transit drivers have experienced difficulties in loading

and unloading passengers at the bus stop due to parked cars adjacent to Golden Acres I. The proposed

parking prohibition would extend northerly from Spooner Avenue a distance of 150 feet as can be seen in

the attached drawing.

Suggested motion: I move to approve/not approve Ordinance 8B-21, an Ordinance amending Chapter

10.20 of the Altoona Municipal Code adding parking restrictions on North 10th Street West.


MEMORANDUM








(IX) NEW BUSINESS

ITEM 1 - Discuss/consider approval of Resolution 8C-21, a resolution authorizing the closing of books

of account for the year ended December 31, 2020 and to accept the Comprehensive Annual Financial

Report for 2020. (Discussed at the August 26, 2021 Finance Committee Meeting).

Following completion of the Auditor’s presentation, given at the August 26, 2021 Finance Committee

meeting, staff recommends Council approve a motion to authorize closing the books of account for 2020

and to accept the City’s 2020 Comprehensive Annual Financial Report as presented.

Attached are the 2020 Financial Statement and Communication Letters. Also attached is a summary of the

Financials prepared by CLA (CliftonLarsonAllen LLP).

Suggested motion: I move to approve/not approve Resolution 8C-21, a resolution authorizing the closing

of books of account for the year ended December 31, 2020 and to accept the Comprehensive Annual

Financial Report for 2020.

City Council | August 26, 2021New Business | Item 1 | Page 1 of 91

Return to Agenda >>

RESOLUTION NO. 8C-21

RESOLUTION TO AUTHORIZE CLOSING OF BOOKS OF ACCOUNT FOR THE

YEAR ENDED DECEMBER 31, 2020 AND TO ACCEPT THE COMPREHENSIVE

ANNUAL FINANCIAL REPORT FOR 2020.

WHEREAS action on all claims for the year ended December 31, 2020, have been finalized and,

WHEREAS appropriate designations of ending fund balances have been made and are reported

within the Comprehensive Annual Financial Report, and

WHEREAS an annual detailed audit of the city's financial transactions and accounts has been

accomplished by an independent certified public accountant in accordance with Section

66.0609(3) of the Wisconsin Statutes and the audit opinion has been discussed and reviewed

with the Mayor and members of the City Council,

NOW THEREFORE BE IT RESOLVED, to authorize the closing of the books of account for the

year ended December 31, 2020, and to accept the Comprehensive Annual Financial Report for

the City of Altoona for the year ended December 31, 2020, as prepared by the Finance Director

and reviewed by the independent accounting firm of CliftonLarsenAllen LLP

BE IT FURTHER RESOLVED, that a copy of the Comprehensive Annual Financial Report for

the year ended December 31, 2020, attached hereto is incorporated into and made a part of this

resolution.

Dated this 26th day of August , 2021

Brendan Pratt, Mayor

Cindy Bauer, City Clerk

Approved

Published:

City Council | August 26, 2021 New Business | Item 1 | Page 2 of 91

City of Altoona

Item1 Reports Issued:

Auditor's Report (Opinion):- The financial statements are fairly stated. We will issue what is known as an "unmodified" audit opinion.- Additional paragraph to explain a prior period adjustment.

Management Letter:Our report on internal control included the following deficiencies in internal control over financial reporting.

Material Weaknesses:Annual Financial Reporting Under Generally Accepted Accounting Principals (GAAP)Material Audit AdjustmentsLack of Segregation of Duties

2 Other Assistance and Observations:Regulatory Filing Assistance:

Public Service Commission Annual ReportFinancial Report Form CTax Incremental District On-line Reporting

3 General Fund: The General Fund is the general operating fund of the City. It is used to account for all financial resources which are not required to be accounted for in another fund.

12/31/2020 12/31/2019 12/31/2018 12/31/2017 General Fund Balance Sheet Summary:

Cash and Investments 7,600,667$ 7,802,940$ 8,855,111$ 6,506,923$ Taxes & Special Assessments Receivable 2,808,546 2,534,183 2,344,807 2,180,584 Advances to Other Funds 2,016,951 2,862,466 756,707 1,216,622 Other Assets 618,105 176,441 167,690 173,722 Total Assets 13,044,269$ 13,376,030$ 12,124,315$ 10,077,851$

Liabilities 317,109$ 362,590$ 336,229$ 247,891$ Deferred Inflows of Resources 2,725,336 2,449,466 2,277,547 2,106,353 Total Liabilities & Deferred Inflows 3,042,445 2,812,056 2,613,776 2,354,244 Fund Balance:

Nonspendable 2,033,017 2,876,428 771,090 12,083 Restricted - - 30,721 89,850 Committed 3,928,085 4,737,436 4,393,800 3,473,632 Assigned 225 21,140 - - Unassigned 4,040,497 2,928,970 4,314,928 4,148,042

Total Fund Balance 10,001,824 10,563,974 9,510,539 7,723,607 13,044,269$ 13,376,030$ 12,124,315$ 10,077,851$

General Fund Operations Summary:Revenues 6,374,219$ 5,740,431$ 5,168,446$ 4,530,545$ Expenditures (5,677,070) (5,576,712) (5,323,981) (4,717,106) Net Other Financing Sources/Uses (1,608,853) 889,716 1,942,467 61,185

(911,704)$ 1,053,435$ 1,786,932$ (125,376)$

% of Unassigned Fund Balanceto General Fund Expenditures 71.2% 52.5% 81.0% 87.9%

Financial Statement Notations


City of Altoona

4 Special Revenue Funds: Special Revenue Funds are used to account for the proceeds of specific revenues sourcesthat are restricted to expenditures for specified purposes.

12/31/2020 12/31/2019 12/31/2018 12/31/2017Special Revenue Funds Balances:

Public Library 187,756$ 164,121$ 148,843$ 133,378$ CDBG/Residential Loan Fund 225,627 233,276 231,602 241,527

413,383$ 397,397$ 380,445$ 374,905$

5 Debt Service Funds: Debt Service Funds are used to account for the accumulation of resources for, and the payment of,certain general long-term debt principal, interest and related charges.

12/31/2020 12/31/2019 12/31/2018 12/31/2017Debt Service Fund Balances:

General Debt Service Fund 743,412$ 581,875$ 585,260$ 557,687$

6 Capital Project Funds: Capital Project funds are used to account for financial resources to be used for the acquisitionor construction of major capital facilities other than those financed from proprietary funds.

12/31/2020 12/31/2019 12/31/2018 12/31/2017Capital Project Fund Balances:

Tax Incremental District #2 (426,815)$ (647,549)$ -$ -$ Tax Incremental District #3 (1,402,486) (2,296,418) (152,493) 896,352 Tax Incremental District #4 813,133 708,209 478,240 492,189 Capital Projects Fund 1,619,478 301,079 (862,311) (1,354,167)

603,310$ (1,934,679)$ (536,564)$ 34,374$

7 Enterprise Funds: Enterprise Funds are used to account for operations that are financed and operated in a mannersimilar to private business enterprises-- where the intent of the governing body is that the costs of providing the servicesis to be recovered from those using the services.

12/31/2020 12/31/2019 12/31/2018 12/31/2017Water Utility

Cash and Investments 1,803,316$ 1,563,903$ 1,284,642$ 528,268$ Other Current Assets 395,793 384,931 418,906 378,264 WRS Asset and Deferred Outflows 111,849 96,077 31,876 53,673 Capital Assets 10,131,027 9,265,228 8,789,348 8,888,869 Other Long-term Assets 301,808 226,849 265,273 256,796

Total Assets and Deferred Outflows 12,743,793$ 11,536,988$ 10,790,045$ 10,105,870$

Current Liabilities 300,428$ 233,709$ 234,578$ 183,261$ Long-term Obligations 1,170,868 1,440,002 1,268,925 1,093,389 Deferred Inflows 143,738 106,656 93,866 108,019

Total Liabilities and Deferred Inflows 1,615,034 1,780,367 1,597,369 1,384,669 Net Position:

Net Investment in Capital Assets 8,727,979 7,657,912 7,377,273 7,541,319 Restricted 33,537 - 11,158 - Unrestricted 2,367,243 2,098,709 1,804,245 1,179,882 Total Net Position 11,128,759 9,756,621 9,192,676 8,721,201

12,743,793$ 11,536,988$ 10,790,045$ 10,105,870$

Current Ratio (1+ Desired) 7.32 8.34 7.26 4.95 Change in Net Position 1,372,138$ 563,945$ 471,475$ 460,734$ Rate of Return 7.14% 6.39% 9.10% 5.35%Date of Last Rate Adjustment April 20, 2015



City of Altoona

7 Enterprise Funds: (Continued)

12/31/2020 12/31/2019 12/31/2018 12/31/2017Sewer Utility

Cash and Investments 2,847,968$ 2,562,250$ 2,115,160$ 1,561,271$ Other Current Assets 468,295 475,044 492,073 500,905 WRS Asset and Deferred Outflows 43,020 14,781 12,144 28,751 Capital Assets 5,673,344 5,006,044 4,724,043 4,465,977 Other Long-term Assets 143,773 74,584 94,272 65,917


Current Liabilities 348,561$ 317,944$ 312,186$ 267,546$ Long-term Obligations 682,509 804,847 397,308 278,319 Deferred Inflows 38,765 7,599 8,489 12,066

Total Liabilities and Deferred Inflows 1,069,835 1,130,390 717,983 557,931 Net Position:


9,176,400$ 8,132,703$ 7,437,692$ 6,622,821$

Current Ratio (1+ Desired) 9.51 9.55 8.35 7.71 Change in Net Position 1,104,252$ 282,604$ 654,819$ 299,969$

12/31/2020 12/31/2019 12/31/2018 12/31/2017Storm Water Fund

Cash and Investments 1,687,136$ 1,710,037$ 1,631,249$ 1,367,562$ Other Current Assets 104,973 67,511 106,768 103,574 WRS Asset and Deferred Outflows 10,755 5,543 4,554 26,132 Capital Assets 2,912,067 2,425,146 2,182,015 2,339,812 Other Long-term Assets - - - -


Current Liabilities 149,786$ 137,261$ 119,230$ 108,129$ Long-term Obligations 661,137 807,319 804,918 797,030 Deferred Inflows 9,691 2,849 3,183 9,987

Total Liabilities and Deferred Inflows 820,614 947,429 927,331 915,146 Net Position:


4,714,931$ 4,208,237$ 3,924,586$ 3,837,080$

Current Ratio (1+ Desired) 11.96 12.95 14.58 13.61 Change in Net Position 633,509$ 263,553$ 75,321$ 112,856$



City of Altoona

8 Long-term Obligations 12/31/2020 12/31/2019 12/31/2018 12/31/2017

Governmental Activities:General Obligation Notes 14,846,000$ 14,843,000$ 14,365,000$ 15,235,000$ State Trust Fund Loans 6,392,832 6,972,545 7,528,116 8,059,763 Developer Incentives 135,000 135,000 354,584 470,683 Landfill Post-Closure Liability 32,040 32,040 32,040 112,000 Compensated Absences 638,997 555,535 577,591 466,184 WRS Pension (Asset)/Liability (595,276) 679,706 (531,328) 138,868 OPEB Liability 1,700,231 1,427,380 1,270,054 999,429 Life Insurance OPEB Liability 197,312 105,611 120,202 - Unamortized Premium 198,974 164,012 191,001 167,623

Business Type Activities:General Obligation Notes 2,551,000 2,933,000 2,245,000 1,935,000 Mortgage Revenue Bonds 435,941 475,603 514,266 551,957 Unamortized Premium 19,260 22,405 25,549 -

26,552,311$ 28,345,837$ 26,692,075$ 28,136,507$

Equalized Valuation 806,015,500$ 741,668,900$ 682,442,800$ 655,395,200$

General Obligation Debt Limit 40,300,775$ 37,083,445$ 34,122,140$ 32,769,760$

Debt Subject to Limit 17,397,000$ 17,776,000$ 16,610,000$ 17,170,000$

General Obligation Debt asPercent of Debt Limitation 43.2% 47.9% 48.7% 52.4%



CITY OF ALTOONA, WISCONSIN

FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

YEAR ENDED DECEMBER 31, 2020


CITY OF ALTOONA, WISCONSIN TABLE OF CONTENTS


INDEPENDENT AUDITORS’ REPORT 1

MANAGEMENT’S DISCUSSION AND ANALYSIS 4

BASIC FINANCIAL STATEMENTS

STATEMENT OF NET POSITION 15

STATEMENT OF ACTIVITIES 16

BALANCE SHEET – GOVERNMENTAL FUNDS 17

RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES 18

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS 19

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES 20

STATEMENT OF NET POSTION – PROPRIETARY FUNDS 21

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION – PROPRIETARY FUNDS 23

STATEMENT OF CASH FLOWS – PROPRIETARY FUNDS 24

STATEMENT OF NET POSITION - FIDUCIARY FUNDS 26

STATEMENT OF CHANGES IN NET POSITION - FIDUCIARY FUNDS 27

NOTES TO BASIC FINANCIAL STATEMENTS 28

REQUIRED SUPPLEMENTARY INFORMATION

1 – BUDGETARY COMPARISON SCHEDULE – GENERAL FUND 66

2 – SCHEDULE OF PROPORTIONATE SHARE OF WISCONSIN RETIREMENT SYSTEM NET PENSION PLAN (ASSET) LIABILITY – LAST TEN MEASUREMENT PERIODS 67

3 – SCHEDULE OF CONTRIBUTIONS TO WISCONSIN RETIREMENT SYSTEM PENSION PLAN – LAST TEN FISCAL YEARS 68

4 – SCHEDULE OF CITY’S PROPORTIONATE SHARE OF THE NET OPEB LIABILITY WISCONSIN LOCAL RETIREE LIFE INSURANCE FUND MULTI-EMPLOYER OPEB PLAN – LAST TEN MEASUREMENT PERIODS 69

5 – SCHEDULE OF CITY’S CONTRIBUTIONS TO WISCONSIN LOCAL RETIREE LIFE INSURANCE FUND MULTI-EMPLOYER OPEB PLAN – LAST TEN FISCAL YEARS 70

6 - SCHEDULE OF CHANGES IN THE CITY’S OPEB LIABILITY, RELATED RATIOS AND ACTUARIAL ASSUMPTIONS – LAST TEN MEASUREMENT PERIODS 71

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION 72

SUPPLEMENTARY INFORMATION

COMBINING BALANCE SHEET – NONMAJOR GOVERNMENTAL FUNDS 73

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – NONMAJOR GOVERNMENTAL FUNDS 74


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INDEPENDENT AUDITORS' REPORT To the City Council City of Altoona Altoona, Wisconsin

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Altoona, Wisconsin (City) as of and for the year ended December 31, 2020, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.


The City Council City of Altoona

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We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Altoona, Wisconsin as of December 31, 2020, and the respective changes in the financial position and, where applicable, cash flows, thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Emphasis-of-Matter Regarding a Correction of an Error

As described in Note 11 to the financial statements, the City is making a prior year adjustment to record Land Held for Resale on the governmental fund statements. Our opinion is not modified with respect to that matter.

Other Matters

Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison information, pension and other postemployment benefit schedules as referenced in the table of contents, be presented to supplement the basic financial statements. Such information, although not part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.



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Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The individual fund statements are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the basic financial statements as a whole.

CliftonLarsonAllen LLP

Eau Claire, Wisconsin July 29, 2021


CITY OF ALTOONA, WISCONSIN MANAGEMENT’S DISCUSSION AND ANALYSIS


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As management of the City of Altoona, Wisconsin (City), we offer the readers of the City's financial statements this narrative overview and analysis of financial activities of the City for the fiscal year ending December 31, 2020. Please consider this information in conjunction with the City’s financial statements, which begin on page 15 following this narrative. FINANCIAL HIGHLIGHTS

Key financial highlights for the year ended December 31, 2020 include the following:

The assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows at the close of the most recent fiscal year by $52,647,765 (net position). Of this amount, $35,460,164 represented the City’s net investment in capital assets, $3,490,931 was held for restricted purposes, and $13,696,670 was unrestricted. The unrestricted net position may be used to meet the City’s ongoing obligations to citizens and creditors.

During the fiscal year, the City’s total net position increased by $5,970,977 or approximately

12.8 percent. Net position related to the business-type activities of the City increased $3,109,899 while net position related to governmental activities increased $2,861,078.

At the close of the fiscal year, the City’s governmental funds reported combined ending fund balance of $11,761,929, an increase of $1,803,808 from the previous year.

At the end of 2020, the unassigned general fund balance totaled $4,040,497, or 53.8 percent of

the general fund expenditures.

The City’s total long-term general obligation notes decreased by $379,000 during the current fiscal year.

OVERVIEW OF THE FINANCIAL STATEMENTS

This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements. The City’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. Government-Wide Financial Statements The two government-wide financial statements are designed to provide readers with a broad overview of the City’s finances, in a manner similar to a private-sector business. The Statement of Net Position presents information on all of the City’s assets, liabilities and deferred inflows/outflows, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating.




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The Statement of Activities presents information showing how the City’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of the related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods (e.g., uncollected taxes). Both of the government-wide financial statements distinguish those functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and service charges (business-type activities). The governmental activities of the City include general government, public safety, public works, health and human services, culture, recreation and education, and conservation and development. The business-type activities of the City include a water, sewer and storm water utilities. The government-wide financial statements can be found beginning on page 15 of this report. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other governmental entities, uses fund accounting to ensure and demonstrate compliance with various finance-related legal requirements. All of the funds of the City can be divided into three categories: governmental funds, proprietary funds and fiduciary funds. Governmental funds – Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and changes in fund balances for the general fund, debt service fund, capital projects fund and the River Prairie Tax Incremental District #3 fund, which are considered to be major funds. Data from the other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements in the supplementary information section. The governmental fund financial statements can be found beginning on page 17 of this report.




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Proprietary Funds – The City maintains one type of proprietary funds - enterprise funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its water, sewer and storm sewer utilities. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for each of the enterprise funds, each of which is considered to be major funds of the City. The basic proprietary fund financial statements can be found beginning on page 21 of this report. Fiduciary Funds – Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statement because the resources of those funds are not available to support the City’s own programs. The accounting used for fiduciary funds is similar to that used for proprietary funds. The basic fiduciary fund financial statements can be found on page 26 of this report. Notes to Financial Statements The notes to basic financial statements provide additional detail that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the basic financial statements can be found beginning on page 28 of this report. Supplementary Information In addition to the basic financial statement and accompanying notes, this report presents certain required supplementary information on the City’s operating budget and the pension and other postemployment benefit plans. Required supplementary information can be found beginning on page 66 of this report. Following the basic government-wide and fund financial statements, accompanying notes, and required supplementary information, additional supplementary information has been provided as part of this report. The supplementary information includes combining statements for the nonmajor governmental funds. This supplementary information section of the report begins on page 73.




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FINANCIAL ANALYSIS OF THE CITY AS A WHOLE

As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. The City’s assets and deferred outflows exceeded liabilities and deferred inflows by $52,647,765 at the close of 2020. The largest portion of net position (67.4%) reflect the City’s investment in capital assets, including land, land improvements, buildings, machinery and equipment, and plant in service, net of related outstanding debt used to acquire the assets. These capital assets are used to provide services to citizens and are not available for future spending. Although the City’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. The following is a summary of the City’s statement of net position:

Condensed Statement of Net Position December 31, 2020 and 2019

2020 2019 2020 2019 2020 2019

Current and Other Assets 20,454,910$ 18,342,513$ 7,356,806$ 6,763,340$ 27,811,716$ 25,105,853$ Capital Assets 41,187,733 40,638,226 18,716,438 16,696,418 59,904,171 57,334,644 Other Noncurrent Assets 2,228,894 839,669 445,581 301,433 2,674,475 1,141,102

Total Assets 63,871,537 59,820,408 26,518,825 23,761,191 90,390,362 83,581,599

Deferred Outflows of Resources 1,902,299 1,900,955 115,963 116,401 2,018,262 2,017,356

Current Liabilities 984,452 1,150,389 306,752 266,916 1,291,204 1,417,305 Long-Term Liabilities 24,141,386 24,872,007 3,006,201 3,473,830 27,147,587 28,345,837

Total Liabilities 25,125,838 26,022,396 3,312,953 3,740,746 28,438,791 29,763,142

Deferred Inflows of Resources 11,129,874 9,041,921 192,194 117,104 11,322,068 9,159,025

Net Position:Net Investment in

Capital Assets 19,749,927 18,537,264 15,710,237 13,265,410 35,460,164 31,802,674 Restricted 3,441,270 1,406,685 49,661 - 3,490,931 1,406,685 Unrestricted 6,326,927 6,713,097 7,369,743 6,754,332 13,696,670 13,467,429

Total Net Position 29,518,124$ 26,657,046$ 23,129,641$ 20,019,742$ 52,647,765$ 46,676,788$

Governmental Activities Business-Type Activities Totals

An additional portion of the City’s net position (6.6%) represents resources that are subject to other restrictions as to how they may be used. The remaining $13,467,429 of total net position (26.0%) may be used to meet the City’s ongoing obligations to its citizens and creditors. It is important to note that $7,369,743 of unrestricted net position is related to the City’s business-type activities. Consequently, it generally may not be used to fund governmental activities. The condensed statement of changes in net position shown on the following page shows that total net position of the City increased $5,970,977 or approximately 12.8 percent. The change consisted of an increase in net position related to governmental activities in the amount of $2,861,078 and an increase in net position related to business-type activities in the amount of $3,109,899.




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The following is a summary of the changes in the City’s net position for the years ended December 31, 2020 and 2019:

Condensed Statement of Changes in Net Position Years Ended December 31, 2020 and 2019

2020 2019 2020 2019 2020 2019REVENUESProgram Revenues

Charges for Services 675,266$ 772,609$ 3,277,268$ 3,140,692$ 3,952,534$ 3,913,301$ Operating Grants and Contributions 1,501,531 1,573,111 - - 1,501,531 1,573,111 Capital Grants and Contributions - 231,559 - - - 231,559

General RevenuesProperty Taxes 8,072,258 7,738,144 - - 8,072,258 7,738,144 Other Taxes 263,281 267,988 - - 263,281 267,988 Grants and Contributions not

Restricted for a Particular Purpose 181,530 289,284 - - 181,530 289,284 Other 2,002,100 1,935,430 148,019 225,576 2,150,119 2,161,006

Total Revenues 12,695,966 12,808,125 3,425,287 3,366,268 16,121,253 16,174,393

EXPENSESGeneral Government 599,184 1,109,879 - - 599,184 1,109,879 Public Safety 3,127,061 2,827,383 - - 3,127,061 2,827,383 Public Works 280,731 3,260,024 - - 280,731 3,260,024 Health and Human Services 1,750 1,398 - - 1,750 1,398 Culture and Recreation 2,547,697 1,813,303 - - 2,547,697 1,813,303 Conservation and Development 287,120 334,823 - - 287,120 334,823 Interest and Fiscal Charges 439,089 242,194 - - 439,089 242,194 Water - - 990,196 819,256 990,196 819,256 Sewer - - 1,468,723 1,431,126 1,468,723 1,431,126 Storm Water - - 408,725 414,565 408,725 414,565

Total Expenses 7,282,632 9,589,004 2,867,644 2,664,947 10,150,276 12,253,951

TRANSFERS (2,552,256) (408,781) 2,552,256 408,781 - -

CHANGE IN NET POSITION 2,861,078 2,810,340 3,109,899 1,110,102 5,970,977 3,920,442 Net Position - Beginning of Year 26,657,046 23,846,706 20,019,742 18,909,640 46,676,788 42,756,346 NET POSITION - END OF YEAR 29,518,124$ 26,657,046$ 23,129,641$ 20,019,742$ 52,647,765$ 46,676,788$


A review of statement of activities can provide a concise picture of how the various functions/programs of the City are funded. The following charts draw data from the statement of activities. For governmental services the City is primarily dependent on property taxes (63.7%), general revenues (23.1% which include land sales) and state and federal operating grants (13.2%).




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Fees, Charges, and Other5.3%

Operating Grants and Contributions

11.8%Capital Grants and

Contributions0.0%

Grants and Contributions not Restricted for a Particular Purpose

1.4%

Property Taxes63.7%

Other Taxes2.1%

Other General Revenue15.7%

Governmental Activities Revenues by Source

General Government8.1%

Public Safety42.9%

Public Works3.9%Health and Human

Services0.0%

Culture, Recreation, and Education

35.0%

Conservation and Development

3.9%

Interest and Fiscal Charges

6.1%

Governmental Activities Expenditures by Function




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In the case of business-type activities charges for services (95.7%) is the primary revenue source.

$-

$250,000

$500,000

$750,000

$1,000,000

$1,250,000

$1,500,000

$1,750,000

$2,000,000

Water Sewer Storm Water

Expenses and Program Revenues - Business-Type Activities

Expenses

Program Revenues

Charges for Services95.7%

Other4.3%

Revenue by Source - Business-Type Activities

`




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FINANCIAL ANALYSIS OF THE CITY’S MAJOR FUNDS

As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds The focus of the City’s governmental funds is to provide information regarding near-term inflows, outflows and balances of spendable resources. Such information can be useful in assessing the City’s financing requirements. In particular, the level of unassigned fund balances may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. As of December 31, 2020, the City’s governmental funds reported combined ending fund balances of $11,761,929, an increase of $2,153,362 from the previous year. The governmental funds comprising this balance are shown below:

Current YearNonspendable Restricted Committed Assigned Unassigned Total Change

Major Funds:General Fund 2,033,017$ -$ 3,928,085$ 225$ 4,040,497$ 10,001,824$ (562,150)$ Debt Service - - - 743,412 - 743,412 161,537 Capital Projects - 1,619,478 - - - 1,619,478 1,318,399 River Prairie Tax Incremental District #3 - - - - (1,402,486) (1,402,486) 893,932

Nonmajor Funds:Public Library - 187,756 - - - 187,756 23,635 CDBG Residential Revolving Loan Program 75,085 150,542 - - - 225,627 (7,649) Business Park Tax Incremental District #2 - - - - (426,815) (426,815) 220,734 Tax Incremental District #4 - 813,133 - - - 813,133 104,924

2,108,102$ 2,770,909$ 3,928,085$ 743,637$ 2,211,196$ 11,761,929$ 2,153,362$

Fund Balances at December 31, 2020

Restrictions of fund balances represent amounts that are not subject to appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change. The balance of the unassigned fund balance is not for any specific purposes. The general fund is the primary operating fund used to account for the governmental operations of the City. As a measure of the general fund’s liquidity, it may be useful to compare both total fund balance and unassigned fund balance to measures of operating volume such as fund expenditures or fund revenues. The total year-end general fund balance represented 133.3 percent of total general fund expenditures reported on the statement of revenues, expenditures and changes in fund balances while the unassigned balance represented 53.8 percent of the same amount. The general fund’s total fund balance decreased $911,704 during the year. The debt service fund had a total fund balance of $743,412, all of which was assigned for the payment of debt service. This balance has accumulated over time for the payment of future, scheduled long-term indebtedness. The balance in this fund decreased $161,537 during 2020. The balance in the capital projects fund, increased $1,318,399 during the year and had a balance of $1,619,478 at year-end.




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The balance in River Prairie Tax Incremental District #3 fund, a capital projects fund, increased $893,932 during the year. The fund had a deficit balance of $1,402,486 at year-end. The aggregated other governmental funds column includes two special revenue funds used to account for the proceeds of specific revenue sources that are restricted to expenditures for specific purposes and two tax incremental financing capital projects funds. The accumulated fund balances of these funds increased $341,644 during 2020. Transactions of these funds are individually detailed in the supplementary information section of this report. Proprietary Funds The City’s proprietary funds provide the same type of information found in the government-wide financial statements, but in greater detail. The net position of the enterprise-type proprietary funds at the end of 2020 totaled $23,129,641, up $3,109,899 from the previous year as shown below.

Condensed Statement of Changes in Net Position for Enterprise Funds Years Ended December 31, 2020 and 2019

2020 2019 2020 2019 2020 2019 2020 2019

Operating Revenues 1,418,351$ 1,305,306$ 1,507,188$ 1,486,722$ 351,729$ 348,664$ 3,277,268$ 3,140,692$ Operating Expenses

Depreciation 332,408 307,442 178,220 161,798 231,616 197,102 742,244 666,342 Other 625,919 468,899 1,275,045 1,242,723 155,935 191,921 2,056,899 1,903,543

Operating Income (Loss) 460,024 528,965 53,923 82,201 (35,822) (40,359) 478,125 570,807 Nonoperating Income and

Nonoperating Expenses 3,458 (1,853) 76,211 95,044 (151) 37,323 79,518 130,514 Net Income (Loss) before

Contributions & Transfers 463,482 527,112 130,134 177,245 (35,973) (3,036) 557,643 701,321 Capital Contributions

Developers/Customers 660,566 - - - 327,919 - 988,485 - Capital Transferred from City 462,152 238,646 974,118 105,359 341,563 266,589 1,777,833 610,594

Transfers (214,062) (201,813) - - - - (214,062) (201,813) Change in Net Position 1,372,138$ 563,945$ 1,104,252$ 282,604$ 633,509$ 263,553$ 3,109,899$ 1,110,102$

TotalsWater Utility Sewer Utility Storm Water Utility




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GENERAL FUND BUDGETARY HIGHLIGHTS

As shown in the Budgetary Comparison Schedule for the general fund (in required supplementary information), the City ended the year with a net negative budget variance of $911,704. Revenues and other financing sources were $158,595 more than the budgeted amounts and expenditures and other financing uses were $1,070,299 more than amounts budgeted. CAPITAL ASSET AND DEBT ADMINISTRATION

Capital Assets The City’s investment in capital assets for its governmental and business-type activities as of December 31, 2020 and 2019, net of accumulated depreciation, is shown below:

Capital Assets, Net of Accumulated Depreciation December 31, 2020 and 2019

2020 2019 2020 2019 2020 2019Not Subject to Depreciation:

Land and Land Rights 1,266,326$ 1,266,326$ 126,676$ 126,676$ 1,393,002$ 1,393,002$ Construction Work in Progress 663,352 1,936,460 84,569 13,275 747,921 1,949,735

Subject to Depreciation:Buildings and Improvements 10,432,026 10,381,298 - - 10,432,026 10,381,298 Improvements other than Building 2,109,722 1,637,349 - - 2,109,722 1,637,349 Equipment 2,666,924 2,649,717 - - 2,666,924 2,649,717 Vehicles 2,777,289 2,526,273 - - 2,777,289 2,526,273 Infrastructure 47,778,200 44,424,997 - - 47,778,200 44,424,997 Water System Plant - - 14,222,181 13,173,188 14,222,181 13,173,188 Wastewater System Plant - - 8,679,531 7,848,729 8,679,531 7,848,729 Storm Water System Plant - - 4,279,059 3,560,522 4,279,059 3,560,522

Subtotal 67,693,839 64,822,420 27,392,016 24,722,390 95,085,855 89,544,810 Accumulated Depreciation 26,506,106 24,184,194 8,675,578 8,025,972 35,181,684 32,210,166

Total 41,187,733$ 40,638,226$ 18,716,438$ 16,696,418$ 59,904,171$ 57,334,644$


Additional information related to the City’s capital assets is reported in Note 4 following the financial statements.




(14)

Long-Term Obligations At December 31, 2020, the City had outstanding $25,250,044 of long-term debt and other long-term obligations. A summary detail of this amount, together with the net change from the previous year, is shown below:

Outstanding Long-Term Obligations December 31, 2020 and 2019

%

LONG-TERM OBLIGATIONS 2020 2019 2020 2019 2020 2019 ChangeLong-Term Debt

General Obligation Notes 14,846,000$ 14,843,000$ 2,551,000$ 2,933,000$ 17,397,000$ 17,776,000$ -2.1%State Trust Fund Loans 6,392,832 6,972,545 - - 6,392,832 6,972,545 -8.3%

Other Long-Term ObligationsMortgage Revenue Bonds - - 435,941 475,603 435,941 475,603 -8.3%Developer Incentives 135,000 135,000 - - 135,000 135,000 0.0%Landfill Post-Closure Liability 32,040 32,040 - - 32,040 32,040 0.0%Compensated Absences 638,997 555,535 - - 638,997 555,535 15.0%Net Unamortized Debt Premium 198,974 164,012 19,260 22,405 218,234 186,417 17.1%

Total 22,243,843$ 22,702,132$ 3,006,201$ 3,431,008$ 25,250,044$ 26,133,140$ -3.4%


Under Wisconsin State Statutes, the outstanding general obligation long-term debt of a municipality may not exceed 5 percent of the equalized property value of all taxable property within the jurisdiction. The applicable debt of the City outstanding at December 31, 2020 totaled $17,397,000, approximate 43.2 percent of the maximum legal limit of $40,300,775. Additional information related to the City’s long-term debt is reported in Note 5 following the financial statements. CURRENTLY KNOWN FACTS

The State of Wisconsin has imposed limits on the City’s property tax levy beginning with the 2006 budget year levy. Essentially, the legislation restricts the growth in the City’s property taxes (except for debt service and tax increments) to the percentage increase in the City’s equalized value due to new construction. The City approved a levy of $3,360,650 for its 2021 balanced budget, an increase of $98,850 (or 3.03%) from the 2020 budget levy of $3,261,800. REQUESTS FOR INFORMATION

This financial report is designed to provide a general overview of the City of Altoona’s finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the office of the City Administrator, 1303 Lynn Avenue, Altoona, Wisconsin 54720. The City can be contacted by phone at (715) 839-6092.


CITY OF ALTOONA, WISCONSIN STATEMENT OF NET POSITION

DECEMBER 31, 2020

See accompanying Notes to Basic Financial Statements. (15)

Governmental Business-Type

Activities Activities TotalsASSETS

Current Assets:Cash and Investments 10,186,394$ 6,338,420$ 16,524,814$ Taxes Receivable 9,104,140 - 9,104,140 Other Receivables 384,922 949,117 1,334,039 Inventories - 19,608 19,608 Restricted Assets:

Cash and Investments 184,178 - 184,178 Net Wisconsin Retirement System Pension Asset 595,276 49,661 644,937

Total Current Assets 20,454,910 7,356,806 27,811,716

Noncurrent Assets:Solar Investment, Net 58,012 165,751 223,763 Special Assessments Receivable 525,273 279,830 805,103 Loan Receivable 75,085 - 75,085 Land Held for Resale 1,570,524 - 1,570,524 Capital Assets:

Capital Assets Not Being Depreciated 1,929,678 126,676 2,056,354 Capital Assets Being Depreciated 65,764,161 27,265,340 93,029,501 Less: Accumulated Depreciation (26,506,106) (8,675,578) (35,181,684)

Total Noncurrent Assets 43,416,627 19,162,019 62,578,646

Total Assets 63,871,537 26,518,825 90,390,362

DEFERRED OUTFLOWS OF RESOURCESWisconsin Retirement System Pension Related 1,390,053 115,963 1,506,016 Single-Employer Other Post-Employment Benefits Related 415,644 - 415,644 Multiple-Employer Life Insurance Other Post-Employment Benefits Related 96,602 - 96,602

Total Deferred Outflows of Resources 1,902,299 115,963 2,018,262

LIABILITIESCurrent Liabilities:

Accounts Payable 635,075 240,523 875,598 Accrued Interest Payable 262,068 10,577 272,645 Other Accrued Expenses 87,309 55,652 142,961 Total Current Liabilities 984,452 306,752 1,291,204

Noncurrent Liabilities:Amounts Due Within One Year 2,940,996 491,687 3,432,683 Amounts Due in More than One Year 19,302,847 2,514,514 21,817,361 Single-Employer Other Post-Employment Benefits

Amounts Due Within One Year 78,019 - 78,019 Amounts Due in More than One Year 1,622,212 - 1,622,212

Multiple-Employer Life Insurance Other Post-Employment Benefits Liability 197,312 - 197,312 Total Noncurrent liabilities 24,141,386 3,006,201 27,147,587

Total Liabilities 25,125,838 3,312,953 28,438,791

DEFERRED INFLOWS OF RESOURCESSubsequent Years Taxes 9,020,930 - 9,020,930 Wisconsin Retirement System Pension Related 1,789,021 149,245 1,938,266 Single-Employer Other Post-Employment Benefit Related 289,381 - 289,381 Multiple-Employer Life Insurance Other Post-Employment Benefits Related 30,542 - 30,542 PSC Regulatory Credit - 42,949 42,949 Total Deferred Inflows of Resources 11,129,874 192,194 11,322,068

NET POSITIONNet Investment in Capital Assets 19,749,927 15,710,237 35,460,164 Restricted for:

Capital Projects 2,432,611 - 2,432,611 Library Operations 187,756 - 187,756 Loan Programs 225,627 - 225,627 Net Wisconsin Retirement System Pension Asset 595,276 49,661 644,937

Unrestricted 6,326,927 7,369,743 13,696,670 Total Net Position 29,518,124$ 23,129,641$ 52,647,765$


CITY OF ALTOONA, WISCONSIN STATEMENT OF ACTIVITIES



Charges Operating CapitalFor Grants and Grants and Governmental Business-Type

FUNCTIONS/PROGRAMS Expenses Services Contributions Contributions Activities Activities TotalGOVERNMENTAL ACTIVITIES

General Government 599,184$ -$ 59,502$ -$ (539,682)$ -$ (539,682)$ Public Safety 3,127,061 80,354 34,730 - (3,011,977) - (3,011,977) Public Works 280,731 10,119 935,922 - 665,310 - 665,310 Health and Human Services 1,750 - - - (1,750) - (1,750) Culture, Recreation, and Education 2,547,697 287,984 216,203 - (2,043,510) - (2,043,510) Conservation and Development 287,120 296,809 255,174 - 264,863 - 264,863 Interest and Fiscal Charges 439,089 - - - (439,089) - (439,089)

Total Governmental Activities 7,282,632 675,266 1,501,531 - (5,105,835) - (5,105,835)

BUSINESS-TYPE ACTIVITIESWater Utility 990,196 1,418,351 - - - 428,155 428,155 Sewer Utility 1,468,723 1,507,188 - - - 38,465 38,465 Storm Water 408,725 351,729 - - - (56,996) (56,996)

Total Business-Type Activities 2,867,644 3,277,268 - - - 409,624 409,624

Total Primary Government 10,150,276$ 3,952,534$ 1,501,531$ -$ (5,105,835) 409,624 (4,696,211)

GENERAL REVENUESProperty Taxes, Levied for General Purposes 7,269,370 - 7,269,370 Property Taxes, Levied for Debt Service 802,888 - 802,888 Mobile Home Taxes 104,382 - 104,382 Room Taxes 158,899 - 158,899 Grants and contributions not restricted for a particular purpose 181,530 - 181,530 Unrestricted Investment Earnings 1,302,036 57,384 1,359,420 Miscellaneous 151,016 90,635 241,651 Gain on Sale of Capital Assets 549,048 - 549,048

TRANSFERS (2,552,256) 2,552,256 - Total General Revenues and Transfers 7,966,913 2,700,275 10,667,188

CHANGE IN NET POSITION 2,861,078 3,109,899 5,970,977

Net Position - Beginning of Year 26,657,046 20,019,742 46,676,788

NET POSITION - END OF YEAR 29,518,124$ 23,129,641$ 52,647,765$

Program Revenues Net (Expense) Revenueand Changes in Net Position


CITY OF ALTOONA, WISCONSIN BALANCE SHEET

GOVERNMENTAL FUNDS DECEMBER 31, 2020


River TotalGeneral Debt Capital Prairie Nonmajor Governmental

Fund Service Projects TIF #3 Funds FundsASSETS

Cash and Cash Equivalents 7,600,667$ 743,412$ 948,464$ -$ 893,851$ 10,186,394$ Taxes Receivable 2,267,207 827,190 - 5,240,235 753,442 9,088,074 Delinquent Personal Property Taxes 16,066 - - - - 16,066 Special Assessments Receivable 525,273 - - - - 525,273 Loans Receivable - - - - 75,085 75,085 Other Receivable 146,454 - - 238,468 - 384,922 Advances to Other Funds 2,016,951 - - - - 2,016,951 Land for Resale 471,651 - 1,008,660 - 90,213 1,570,524 Restricted Cash and Investments - - - - 184,178 184,178

Total Assets 13,044,269$ 1,570,602$ 1,957,124$ 5,478,703$ 1,996,769$ 24,047,467$

LIABILITIES, DEFERRED INFLOWS OFRESOURCES AND FUND BALANCES

Liabilities:Accounts Payable 231,977$ -$ 337,646$ 43,888$ 20,945$ 634,456$ Accrued Liabilities 84,524 - - - 2,785 87,309 Due to Other Governments 608 - - - 11 619 Advance from Other Funds - - - 1,597,066 419,885 2,016,951

Total Liabilities 317,109 - 337,646 1,640,954 443,626 2,739,335

Deferred Inflows of ResourcesSubsequent Years Taxes 2,171,730 827,190 - 5,240,235 753,442 8,992,597 Unavailable Revenue - Special Assessments 525,273 - - - - 525,273 Unavailable Revenue - Other 28,333 - - - - 28,333

Total Deferred Inflows of Resources 2,725,336 827,190 - 5,240,235 753,442 9,546,203

Fund Balances:Nonspendable 2,033,017 - - - 75,085 2,108,102 Restricted - - 1,619,478 - 1,151,431 2,770,909 Committed 3,928,085 - - - - 3,928,085 Assigned 225 743,412 - - - 743,637 Unassigned 4,040,497 - - (1,402,486) (426,815) 2,211,196

Total Fund Balances 10,001,824 743,412 1,619,478 (1,402,486) 799,701 11,761,929

Total Liabilities, Deferred Inflows ofResources and Fund Balances 13,044,269$ 1,570,602$ 1,957,124$ 5,478,703$ 1,996,769$ 24,047,467$

Major Funds


CITY OF ALTOONA, WISCONSIN RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES

TO NET POSITION OF GOVERNMENTAL ACTIVITIES DECEMBER 31, 2020


TOTAL FUND BALANCES FOR GOVERNMENTAL FUNDS 11,761,929$

Capital assets and other non-current assets used in governmental activities are not financial resources and therefore are not reported in the funds. These assets consist of:

Land 1,266,326$ Construction Work in Progress 663,352 Buildings and Improvements 10,432,026 Improvements other than Buildings 2,109,722 Equipment 2,666,924 Vehicles 2,777,289 Infrastructure 47,778,200 Solar Investment 58,012 Accumulated Depreciation (26,506,106) 41,245,745

Some receivables, including special assessments, are reported as deferredinflows of resources in the fund financial statements but are recognized asrevenue when earned in the government-wide statements.

Special Assessments 525,273

Other post-employment benefits (OPEB) and pension plan assets, liabilities and related deferred outflows and inflows are recorded only on the Statement of NetPosition. Balances at year-end are:

Wisconsin Retirement Systems Multi-employer pension:Net Pension Plan Asset 595,276 Deferred Outflows of Resources 1,390,053 Deferred Inflows of Resources (1,789,021) 196,308

Local Retiree Life Insurance Multi-employer OPEB:Deferred Outflows of Resources 96,602 Net OPEB Plan Liability (197,312) Deferred Inflows of Resources (30,542) (131,252)

City Single-employer OPEB:Deferred Outflows of Resources 415,644 Net OPEB Liability (1,700,231) Deferred Inflows of Resources (289,381) (1,573,968)

Some liabilities are not due and payable in the current period and therefore are not reported in the funds. These liabilities consist of:

General Obligation Notes (14,846,000) State Trust Fund Revenue Obligation (6,392,832) Accrued Interest Payable (262,068) Developer Incentives (135,000) Landfill Post-Closure Liability (32,040) Compensated Absences (638,997) Unamortized Debt Premium (198,974) (22,505,911)

TOTAL NET POSITION OF GOVERNMENTAL ACTIVITIES 29,518,124$

Total net position reported for governmental activities in the statement of netposition is different because:


CITY OF ALTOONA, WISCONSIN STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCE GOVERNMENTAL FUNDS




Fund Service Projects TIF #3 Funds FundsREVENUES

Property Taxes 2,107,820$ 802,888$ -$ 4,306,208$ 855,342$ 8,072,258$ Other Taxes 444,813 - - - - 444,813 Special Assessment Revenue 202,061 - - - - 202,061 Intergovernmental 2,103,386 - - 210,934 260,443 2,574,763 License and Permits 402,236 - - - - 402,236 Fines, Forfeits, and Penalties 37,677 - - - 2,501 40,178 Public Charges for Services 259,593 - - - - 259,593 Interest Income 184,614 3,282 347 - 6,069 194,312 Sale of Land for Resale 511,310 - - - - 511,310 Miscellaneous Income 120,709 - - - 30,307 151,016

Total Revenues 6,374,219 806,170 347 4,517,142 1,154,662 12,852,540

EXPENDITURESGeneral Government 845,637 - 34,060 45,455 21,055 946,207 Public Safety 2,835,595 - 155,987 - - 2,991,582 Public Works 922,272 - 1,526,981 1,106,319 23,375 3,578,947 Health and Human Services 1,750 - - - - 1,750 Culture, Recreation, and Education 802,194 - 910,085 - 578,270 2,290,549 Conservation and Development 269,622 - - - 8,032 277,654 Debt Service:

Principal Payment - 3,006,713 - - - 3,006,713 Interest Expense - 648,452 56,824 - - 705,276

Total Expenditures 5,677,070 3,655,165 2,683,937 1,151,774 630,732 13,798,678

EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 697,149 (2,848,995) (2,683,590) 3,365,368 523,930 (946,138)

OTHER FINANCING SOURCES (USES)Long-Term Debt Issued - 345,000 2,085,000 - - 2,430,000 Premium on Debt Issued - 11,810 56,336 - - 68,146 Transfers In 214,062 2,653,722 1,828,660 18,446 - 4,714,890 Transfers Out (1,828,660) - - (2,489,882) (182,286) (4,500,828) Sale of Capital Assets 5,745 - 31,993 - - 37,738 Other Sources - - - - - - Principal Payments on Refinanced Debt - - - - -

Total Other Financing Sources (Uses) (1,608,853) 3,010,532 4,001,989 (2,471,436) (182,286) 2,749,946

NET CHANGE IN FUND BALANCES (911,704) 161,537 1,318,399 893,932 341,644 1,803,808

Fund Balances - Beginning of Year 10,563,974 581,875 301,079 (2,296,418) 458,057 9,608,567

Prior Period Adjustment 349,554 - - - - 349,554

FUND BALANCES - END OF YEAR 10,001,824$ 743,412$ 1,619,478$ (1,402,486)$ 799,701$ 11,761,929$

Major Funds


CITY OF ALTOONA, WISCONSIN RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES YEAR ENDED DECEMBER 31, 2020


NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS 1,803,808$

Amounts reported for governmental activities in the statement of activities aredifferent because:

Capital outlays are reported as expenditures in governmental funds. However,in the statement of activities, the cost of capital assets is allocated over theirestimated useful lives as depreciation expense. In the current period, theseamounts are:

Capital Outlays Reported in Governmental Fund Statements 3,064,942$ Depreciation and Amortization Expense Reported in the Statement of Activities (2,519,201) 545,741

In the statement of activities, only the gain or loss on the disposal of capital assets is reported whereas in the governmental funds, the proceeds from sales increase, financial resources and trade-ins are not reflected in capital outlays.

Disposal of governmental activities capital assets (101)

Receivables not currently available are reported as deferred inflows of resourcesin the fund financial statements, but are recognized as revenue when earned in the government-wide statements. 188,071

Other post-employment benefit and pension expenditures in the governmental funds are measured by current year employee contributions. Pension expenses on the statement of activities are measured by the change in net pension asset and related deferred outflows and inflows of resources:

Wisconsin Retirement Systems Multi-employer pension (8,060) Local Retiree Life Insurance Multi-employer OPEB (17,486) City Single-employer OPEB (147,875) (173,421)

Long-term debt incurred in governmental funds is reported as an other financing source, but is reported as an increase in outstanding long-term debt in the statement of net position and does not affect the statement of activities. Long-term debt incurred in the current year is:

General Obligation Notes (2,430,000) (2,430,000)

Repayment of long-term debt is reported as an expenditure in governmental funds, but the repayment reduces long-term liabilities in the statement of net position. In the current year, these amounts consist of:

General Obligation Notes 2,427,000 State Trust Fund Revenue Obligation 579,713 3,006,713

Debt discounts, premiums and charges on refunding are reported asexpenditures/other financing sources/uses in governmental fund but are deferredin the government wide statements and amortized over the life of the related debt. (68,146)

Some items reported in the statement of activities do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds. These activities consist of:

Net Change in Accrued Interest Payable 38,691 Amortization of Debt Premium 33,184 Net Change in Compensated Absences Payable (83,462) (11,587)

CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES 2,861,078$



PROPRIETARY FUNDS DECEMBER 31, 2020


Water Sewer StormFund Fund Water Totals

ASSETSCurrent Assets:

Cash and Cash Equivalents 1,803,316$ 2,847,968$ 1,687,136$ 6,338,420$ Accounts Receivable 282,953 467,959 104,973 855,885 Other Accounts Receivable 93,232 - - 93,232 Due from Other Funds - 336 - 336 Inventories 19,608 - - 19,608

Total Current Assets 2,199,109 3,316,263 1,792,109 7,307,481

Noncurrent Assets:Solar Investment 154,538 11,213 - 165,751 Special Assessment Receivable 147,270 132,560 - 279,830 Net Wisconsin Retirement System Pension Asset 33,537 12,899 3,225 49,661 Capital Assets:

Land and Improvements 106,201 20,475 - 126,676 Other Capital Assets 14,306,750 8,679,531 4,279,059 27,265,340 Less: Accumulated Depreciation (4,281,924) (3,026,662) (1,366,992) (8,675,578)

Total Capital Assets 10,131,027 5,673,344 2,912,067 18,716,438 Total Noncurrent Assets 10,466,372 5,830,016 2,915,292 19,211,680

Total Assets 12,665,481 9,146,279 4,707,401 26,519,161

DEFERRED OUTFLOWS OF RESOURCESWisconsin Retirement System Pension Related 78,312 30,121 7,530 115,963

Business-Type Activities - Enterprise Funds


CITY OF ALTOONA, WISCONSIN STATEMENT OF NET POSITION (CONTINUED)

PROPRIETARY FUNDS DECEMBER 31, 2020



LIABILITIESCurrent Liabilities:

Accounts Payable 25,968$ 214,410$ 145$ 240,523$ Accrued Expenses 37,611 14,580 3,461 55,652 Accrued Interest Payable 4,333 3,571 2,673 10,577 Due to Other Funds 336 - - 336 Current Portion of Long-Term Debt:Notes Payable 208,000 116,000 127,000 451,000 Mortgage Revenue Bonds 24,180 - 16,507 40,687

Total Current Liabilities 300,428 348,561 149,786 798,775

Noncurrent LiabilitiesNotes Payable 927,856 682,509 508,895 2,119,260 Mortgage Revenue Bonds 243,012 - 152,242 395,254

Total Long-Term Liabilities 1,170,868 682,509 661,137 2,514,514

Total Liabilities 1,471,296 1,031,070 810,923 3,313,289

DEFERRED INFLOWS OF RESOURCESWisconsin Retirement System Pension Related 100,789 38,765 9,691 149,245 Regulatory Credit 42,949 - - 42,949

Total Deferred Inflows 143,738 38,765 9,691 192,194

NET POSITIONNet Investment in Capital Assets 8,727,979 4,874,835 2,107,423 15,710,237 Restricted for Net Wisconsin Retirement System Pension Asset 33,537 12,899 3,225 49,661 Unrestricted 2,367,243 3,218,831 1,783,669 7,369,743

Total Net Position 11,128,759$ 8,106,565$ 3,894,317$ 23,129,641$



CITY OF ALTOONA, WISCONSIN STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION

PROPRIETARY FUNDS YEAR ENDED DECEMBER 31, 2020



OPERATING REVENUESCharges for Services 1,315,225$ 1,498,675$ 351,729$ 3,165,629$ Other Operating Revenues 103,126 8,513 - 111,639

Total Operating Revenues 1,418,351 1,507,188 351,729 3,277,268

OPERATING EXPENSESOperation and Maintenance 625,919 1,267,126 155,935 2,048,980 Depreciation 332,408 178,220 231,616 742,244 Taxes - 7,919 - 7,919

Total Operating Expenses 958,327 1,453,265 387,551 2,799,143

OPERATING INCOME (LOSS) 460,024 53,923 (35,822) 478,125

NON-OPERATING REVENUES (EXPENSES)Interest and Investment Revenue 21,011 23,195 13,178 57,384 Miscellaneous Non-Operating Revenue 14,316 68,474 7,845 90,635 Interest Expense (31,869) (15,458) (21,174) (68,501)

Total Nonoperating Revenue (Expenses) 3,458 76,211 (151) 79,518

INCOME (LOSS) BEFORE CONTRIBUTIONS AND TRANSFERS 463,482 130,134 (35,973) 557,643

CAPITAL CONTRIBUTIONS AND TRANSFERS:Capital Contributions 660,566 - 327,919 988,485 Capital Contribution from City 462,152 974,118 341,563 1,777,833 Transfers Out (214,062) - - (214,062)

Total Contributions and Transfers 908,656 974,118 669,482 2,552,256

CHANGE IN NET POSITION 1,372,138 1,104,252 633,509 3,109,899

Net Position - Beginning of Year 9,756,621 7,002,313 3,260,808 20,019,742

NET POSITION - END OF YEAR 11,128,759$ 8,106,565$ 3,894,317$ 23,129,641$



CITY OF ALTOONA, WISCONSIN STATEMENT OF CASH FLOWS




CASH FLOWS FROM OPERATING ACTIVITIESReceipts From Customers 1,437,824$ 1,583,158$ 322,112$ 3,343,094$ Payments to Suppliers (469,999) (1,160,609) (82,524) (1,713,132) Payments to Employees (128,474) (99,950) (71,738) (300,162) Taxes Paid (Including In Lieu of Taxes) (219,779) (7,919) - (227,698)

Net Cash Provided by (Used for) Operating Activities 619,572 314,680 167,850 1,102,102

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES

Acquisition and Construction of Plant Assets (75,489) 128,598 (49,055) 4,054 Principal Payments on Long-Term Debt (204,268) (88,900) (131,639) (424,807) Interest Paid (36,152) (21,919) (23,235) (81,306) Special Assessments (85,261) (69,936) - (155,197)

Net Cash Provided by (Used for) Capital and Related Financing Activities (401,170) (52,157) (203,929) (657,256)

CASH FLOWS FROM INVESTING ACTIVITIESInterest on Investments 21,011 23,195 13,178 57,384

Net Cash Provided by (Used for) Investing Activities 21,011 23,195 13,178 57,384

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 239,413 285,718 (22,901) 502,230

Cash and Cash Equivalents - Beginning of Year 1,563,903 2,562,250 1,710,037 5,836,190

CASH AND CASH EQUIVALENTS - END OF YEAR 1,803,316$ 2,847,968$ 1,687,136$ 6,338,420$



CITY OF ALTOONA, WISCONSIN STATEMENT OF CASH FLOWS (CONTINUED)



Water Sewer StormUtility Utility Water Totals

RECONCILIATION OF OPERATING INCOME (LOSS) TONET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES

Operating Income (Loss) 460,024$ 53,923$ (35,822)$ 478,125$ Adjustments to Reconcile Operating Income (Loss) to

Net Cash Provided by (Used for) Operating Activities:Other Revenue 14,316 68,474 7,845 90,635 Depreciation 332,408 178,220 231,616 742,244 Tax Equivalent (214,062) - - (214,062) Changes in Assets and Liabilities:

Wisconsin Retirement System Pension AssetAsset (33,537) (12,899) (3,225) (49,661) Liability (35,345) (5,438) (2,039) (42,822) Deferred Inflows of Resources 51,399 31,166 6,842 89,407 Deferred Outflows of Resources 17,765 (15,340) (1,987) 438

Taxes Receivable (3,162) - - (3,162) Customer Accounts Receivable - 6,712 (37,462) (30,750) Inventory (5,717) (5,717) Other Receivables (1,983) 37 - (1,946) Solar Investment 10,302 747 - 11,049 Accounts Payable 7,445 (4,823) (813) 1,809 Accrued Liabilities 34,036 13,901 2,895 50,832 Regulatory Credit (14,317) - - (14,317)

Net Cash Provided by (Used for) Operating Activities 619,572$ 314,680$ 167,850$ 1,102,102$

NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES:Capital Transferred from City 462,152$ 974,118$ 341,563$ 1,777,833$




FIDUCIARY FUNDS AS OF DECEMBER 31, 2020


Custodial Fund

ASSETSCash and Cash Equivalents 2,519,030$ Taxes Receivable 5,181,903 Total Assets 7,700,933$

DEFERRED INFLOWS OF RESOURCESTaxes Levied for the Subsequent Year 7,700,933

NET POSITIONRestricted -$


CITY OF ALTOONA, WISCONSIN STATEMENT OF CHANGES IN NET POSITION

FIDUCIARY FUNDS YEAR ENDED DECEMBER 31, 2020


Custodial Fund

ADDITIONSTax Collections for Other Governments 7,629,610$

DEDUCTIONSPayments of Taxes to Other Governments 7,629,610

CHANGE IN NET POSTION -

Net Position, January 1 -

NET POSITION, DECEMBER 31 -$


CITY OF ALTOONA, WISCONSIN NOTES TO BASIC FINANCIAL STATEMENTS

DECEMBER 31, 2020

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NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements of the City of Altoona (the City) have been prepared in conformity with U.S. generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The significant accounting principles and policies utilized by the City are described below: A. Reporting Entity

This report includes all of the fund of the City of Altoona. The reporting entity for the City consists of the primary government, organizations for which the primary government is financially accountable and other organizations for which the nature and significance of their relationship with the primary government are such that their exclusion would cause the reporting entity’s financial statements to be misleading or incomplete. Component units are legally separate organizations for which the elected officials of the primary government are financially accountable. The primary government is financially accountable if it appoints a voting majority of the organization’s governing body and it is able to impose its will on that organization or there is potential for the organization to provide specific financial benefits to or burdens on the primary government. The primary government maybe financially accountable if an organization is fiscally dependent on the primary government. The following component unit was considered: The Housing Authority of the City of Altoona

Management of the City has determined that the Housing Authority is excluded as a component unit. The Authority is a legally separate organization and appointments to the Housing Authority Board of Commissioners are approved by the City Council. However, since the City cannot impose its will on the Authority and there is no material financial benefit to, or burden on, the City, the Housing Authority does not meet the criteria for inclusion in the reporting entity. Complete financial statements of the Housing Authority can be obtained from: Altoona Housing Authority 2404 Spooner Avenue Altoona, WI 54720



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NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

B. Government-Wide and Fund Financial Statements

Government-Wide Statements

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable to a specific function or segment. Program revenues include (a) charges to customers or applicants who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment; and (b) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Fund Financial Statements

Financial statements of the reporting entity are organized into funds, each of which is considered to be a separate accounting entity. Each fund is accounted for by providing a separate set of self-balancing accounts, which constitute its assets, deferred outflows of resources, liabilities, deferred inflows of resources, net position, fund equity, revenues, and expenditures/expenses. Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. The City reports the following major governmental funds:

General Fund – The General Fund is the operating fund of the City. It is used to account for all financial resources of the City, except those required to be accounted for in another fund. Debt Service Fund – The Debt Service Fund accounts for the accumulation of resources for, and the payment of, general long-term debt principal, interest and related costs. Capital Projects Fund – The Capital Projects Fund accounts for financial resources to be used for the acquisition or construction of major capital facilities other than those financed from proprietary funds.



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NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) B. Government-Wide and Fund Financial Statements (Continued)

Fund Financial Statements (Continued)

Tax Incremental Financing District #3 (TID No. 3 River Prairie) - Transactions of the City’s tax incremental districts are accounted for in capital projects funds along with capital outlay projects for which the City borrowed money.

The City reports the following major proprietary funds: Water Utility – This fund accounts for the operations of the water system. Utility operations are subject to regulation by the Wisconsin Public Service Commission. Sewer Utility – This fund accounts for the operations of the sewage collection system and treatment facilities. Storm Water - This fund accounts for the operations of the storm water system.

In addition, the City reports the following fund types: Fiduciary Funds

Custodial Fund – This fund is used to account for assets held by the municipality in a trustee capacity or as an agent for individuals, private organizations and/or other governmental units. The custodial fund is used to account for the collection of property taxes for other governmental entities.

C. Measurement Focus and Basis of Accounting

The government-wide, proprietary fund and fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues, expenses, gains, losses, assets, deferred outflows of resources, liabilities, and deferred inflows of resources resulting from exchange and exchange-like transactions are recognized when the exchange takes place. Nonexchange transactions, in which the City gives or receives value without directly receiving or giving equal value in exchange, include property taxes, grants, entitlements and donations. Property taxes are recognized as revenues in the year for which they are levied. Taxes receivable for the following year are recorded as receivables and deferred inflows of resources. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider are met. Special assessments are recorded as revenue when earned. Unbilled receivables, if any, are recorded as revenues when services are provided. As a general rule the effect of interfund activity has been eliminated from the government-wide financial statements. Exceptions to this general rule are charges between the government’s utility functions and various other functions of the government. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned.



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NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) C. Measurement Focus and Basis of Accounting (Continued)

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. The City considers all revenues to be available if they are collected within 60 days after the end of the current period. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, compensated absences, and claims and judgments, which are recognized as expenditures to the extent that they have matured. Proceeds of general long-term debt are reported as an other financing source.

Property taxes are recorded in the year levied as receivables and deferred inflows of resources. They are recognized in revenues in the succeeding year when services are financed by the levy are being provided. Intergovernmental aids and grants are recognized as revenues in the period the City is entitled to the resources and the amounts are available. Amounts owed to the City, which are not available, are recorded as receivables and deferred inflows of resources. Amounts received prior to the entitlement period are also recorded as deferred inflows of resources. Special assessments are recognized as revenues when they become measurable and available as current assets. Annual installments due in future years are reflected as receivables and deferred inflows of resources. Delinquent special assessments being held for collection by the county are reported as receivables and nonspendable fund balance in the general fund. Revenues susceptible to accrual include property taxes, miscellaneous taxes, public charges for services, special assessments and interest. Other general revenues such as fines and forfeitures, inspection fees, recreation fees, and miscellaneous revenues are recognized when received in cash or when measurable and available under the criteria described above. The City reports deferred inflows of resources on its governmental funds balance sheet. Deferred inflows arise from taxes levied in the current year, which are for subsequent year’s operations. For governmental fund financial statements, deferred inflows arise when potential revenue does not meet both the “measurable” and “available” criteria for recognition in the current period. Deferred inflows of resources also arise when resources are received before the City has a legal claim to them, as when grant monies are received prior to the incurrence of qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the City has a legal claim to the resources, the deferred inflows is removed from the balance sheet and revenue is recognized.



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The proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with proprietary funds’ principal ongoing operations. The principal operating revenues of the water and sewer utilities are charges to customers for sales and services. Operating expenses for proprietary funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. The financial statements of the City have been prepared in conformity with generally accepted accounting principles as applied to local government units, The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates.

D. Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position or Equity

1. Cash and Equivalents

The City's has pooled the cash resources of its funds in order to maximize investment opportunities. Each fund’s portion of total cash and investments is reported as cash and cash equivalents/investments by the City’s individual major funds, and in the aggregate for non-major and custodial funds. All deposits of the City are made in Council designated official depositories and are required to be secured by State Statute. The City may designate, as an official depository, any bank or savings association. Also, the City may establish time deposit accounts. Investments with remaining maturities at the time of purchase of one year or less are stated at amortized cost which approximates fair value. Investments with a maturity of more than one year at acquisition and non-money market investments are carried at fair value as determined by quoted market prices. For purposes of the proprietary fund Statement of Cash Flows, the City considers all highly liquid investments with a maturity of less than three months, when purchased, to be cash equivalents. This consists of current cash and investments.



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NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position or

Equity (Continued)

2. Taxes Receivable Property taxes are levied prior to the end of the calendar year and are due and collectible in the following year. Property taxes attach an enforceable lien as of January 1. The City’s portion of taxes is recorded as a receivable in the general fund. The County acts as the collecting custodian for all City taxes. Since City property taxes are not considered available until January 1 of the year following the levy, they are recorded as deferred inflows of resources in the funds budgeted therefore. Taxes are levied in December on the assessed value as of the prior January 1. Property tax calendar – 2020 tax roll Lien date and levy date December, 2020 Tax Bills mailed December, 2020 Payment in full, or January 31, 2021 First installment due January 31, 2021 Second installment due July 31, 2021 Personal property taxes in full January 31, 2021 Tax sale – 2020 delinquent real estate taxes October 2023

3. Allowance for Uncollectible Accounts

No provision for uncollectible accounts receivable has been made for delinquent water and sewer billings because the utilities have the right by law to place delinquent bills on tax roll. Delinquent real estate taxes as of July 31 are paid in full by the County, which assumes the collection thereof.



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Equity (Continued)

4. Special Assessments

Assessments against property owners for public improvements are generally not subject to full settlement in the year levied. Deferred special assessments are place on tax rolls on an installment basis. Revenue from special assessments recorded in governmental funds is recognized as collections are made or as current installments are placed on tax rolls. Special assessments of proprietary funds are recorded as capital contributions at the time of assessment, if subject to collection. Special assessments not subject to collection are not recorded until such time as they are subject to collection. Uncollected installments placed on prior year tax rolls are held for collection by the County and are remitted to the City upon collection by the County. These delinquent installments are financed by the general fund.

5. Inventories

Inventories of proprietary funds are valued at cost using the first-in/first-out method and are charged as expenses or capitalized when used. Governmental fund inventory items are charged to expenditure accounts when purchased. Year-end inventory was not material for governmental funds.

6. Restricted Cash Restricted cash in the governmental funds consisted of the following: Library Building Restricted Cash 184,178$

7. Capital Assets


Capital assets are defined by the government as assets with an initial cost of more than $10,000 for general capital assets and $5,000 for proprietary capital assets including infrastructure assets, and an estimated historical cost if actual amounts are unavailable. Donated capital assets are valued at their estimated acquisition value at the date of donation. The City has retroactively reported infrastructure acquired prior to January 1, 2004 by its governmental fund types.



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Equity (Continued)

7. Capital Assets (Continued) General Capital Assets

Capital assets acquired or constructed for general governmental services are recorded as expenditures in the fund which the disbursements are made. Generally accepted accounting principles require that these capital assets be capitalized at cost in the government-wide financial statements. Interest incurred during construction is not capitalized.

Depreciation on governmental capital assets is calculated based on the estimated useful life of assets on a straight line basis. The estimated useful life of assets is determined by industry standards. Useful lives vary by asset type. Equipment and vehicles are depreciated over 5-20 years. Land improvements and building improvements are depreciated over 10-25 years. Streets are depreciated over 25 years. Buildings are depreciated over 50 years. Proprietary Fund Capital Assets

Assets in the proprietary fund are capitalized at cost or acquisition value at date of contribution or acquisition. Normal repairs and maintenance that do not add to the value of the asset or materially extend asset lives are not capitalized. Improvements are capitalized and depreciated over the remaining lives of the related assets. Net interest costs incurred for long-term debt issued for construction purposes is expensed when incurred. Depreciation is charged over the estimated service life of the assets using the straight-line method. Annual depreciation charges are determined using the average utility plant in service and rates ranging from 1.1% to 10.5% for the water utility, from 1.0% to 15.0% for the sewer utility and from 5.0% to 10.0% for the storm water utility, depending on the various classes of property, in the respective utilities.



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D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position or Equity (Continued) 8. Deferred Inflows and Outflows of Resources, Debt Issuance Costs, and Debt

Premiums, Discounts and Loss Deferred Inflows

Deferred inflows of resources represent an acquisition of net position that applies to a future period and so will not be recognized as an inflow of resources (revenue) until that time.

Deferred Outflows

Deferred outflows of resources represent a consumption of net position that applies to a future period and so will not be recognized as an outflow of resources expense/expenditure until then. Debt Issuance Costs

Debt issuance costs are recognized as expenditures in the current period for both the fund financial statements and the government-wide financial statements. Debt premiums received on debt issuance are reported as other financing sources while discounts on debt issuance are reported as other financing uses. Premiums and discounts are amortized over the term of the debt issue on the government-wide and proprietary fund statements.

9. Compensated Absences Under terms of employment, employees are granted sick leave and vacations in varying amounts. Only benefits considered to be vested are disclosed in these statements. The entire accumulation of compensated absences benefits is recorded in the Statement of Net Position. The liabilities are shown as governmental activities. Payments for vacation and sick leave will be made at rates in effect when the benefits are used. Accumulated vacation and sick leave liabilities at year-end are determined to on the basis of current salary rates.

10. Pensions For purposes of measuring the net pension liability (asset), deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Wisconsin Retirement System (WRS) and additions to/deductions from WRS’ fiduciary net position have been determined on the same basis as they are reported by WRS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.



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D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position or Equity (Continued)

11. Long-Term Obligations

All long-term obligations to be repaid from governmental and business-type resources are reported as liabilities in the government-wide statements. The long-term obligations consist primarily of notes and bond payable, and accrued compensated absences.

All short-term and long-term obligations expected to be financed from proprietary fund type operations are accounted for as those fund’s liabilities. Proceeds of long-term debt issues not recorded as fund liabilities are reflected as “Other Financing Sources” in the operating statement of the recipient fund. Retirement of these issues is reported as an expenditure of the debt service fund in the year in which the debt matures or is repaid, whichever is earlier. Conduit debt obligations, such as industrial revenue bonds (IRBS), approved for business enterprises, do not constitute debt of the City. Accordingly, the bonds are not recorded in the City’s financial statements.

12. Other Post-Employment Obligations Multiple-Employer Other Postemployment Benefits

Retiree Life Insurance: The fiduciary net position of the Local Retiree Life Insurance Fund (LRLIF) has been determined using the flow of economic resources measurement focus and the accrual basis of accounting. This includes for purposes of measuring the net OPEB liability, deferred outflows and inflows of resources related to other post-employment benefits, OPEB expense, and information about the fiduciary net position of the LRLIF and additions to/deductions from LRLIF’s fiduciary net position have been determined on the same basis as they are reported by LRLIF. For this purpose, benefit payments are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.



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13. Claims and Judgments

Claims and judgments are recorded as liabilities if all the conditions of Governmental Accounting Standards Board pronouncements are met. Claims and judgments that would normally be liquidated with expendable available financial resources are recorded during the year as expenditures in the governmental funds. If they are not to be liquidated with expendable financial resources, no liability is recognized in the governmental fund statements. The related expenditure is recognized when the liability is liquidated. Claims and judgments are recorded in the government-wide statements and proprietary funds as expenses when the related liabilities are incurred. There were no significant claims or judgments at year-end requiring accrual.

14. Equity and Net Position Classifications Government-Wide Statements

Equity is classified as net position and displayed in three components:

a. Net Investment in Capital Assets – Consists of capital assets including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes, or other borrowings that are attributable to the acquisition, construction or improvement of those assets.

b. Restricted Net Position – Consists of net position with constraints placed on their use either by 1) external groups such as creditors, grantors, contributors or laws or regulations of other governments or, 2) law through constitutional provisions or enabling legislation.

c. Unrestricted Net Position – All other net position that does not meet the definition of “restricted” or “net investment in capital assets”.

When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted resources first, then unrestricted resources as they are needed.

Fund Financial Statements – Governmental Funds – Fund Balance

In the fund financial statements, governmental fund balance is presented in five possible categories: Non-spendable – Resources which cannot be spent because they are either a) not in spendable form or; b) legally or contractually required to be maintained intact. Restricted – Resources with constraints placed on the use of resources are either a) externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments; or b) imposed by law through constitutional provisions or enabling legislation.



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Equity (Continued)

14. Equity and Net Position Classifications (Continued)

Fund Financial Statements – Governmental Funds – Fund Balance (Continued)

Committed – Resources which are subject to limitation the government imposes upon itself at its highest level of decision making, and that remain binding unless removed in the same manner. Assigned – Resources neither restricted nor committed for which a government has a stated intended use as established by the Council or a body or official of which the Council has designated the authority to assign amounts for specific purposes. Unassigned – Resources which cannot be properly classified in one of the other four categories. The General Fund is the only fund that reports a positive unassigned fund balance amount. Unassigned balances also include negative balances in the governmental funds reporting resources restricted for specific programs. When restricted and other fund balances are available for use, it is the City’s policy to use restricted resources first, followed by committed, assigned, and unassigned amounts, respectively.

E. Revenue Recognition – Proprietary Funds

The City’s Sewer and Storm Water Utility user charges are established by the City Council and are not regulated. The Water Utility operates under service rules, which are established by the Public Service Commission of Wisconsin. Water rate charges are regulated by the Public Service Commission. Billings are made to customers on a quarterly basis for service.

F. Income Taxes

The City of Altoona water, sewer, and storm water utilities are municipal utilities. Municipal utilities are exempt from income taxes and therefore no income tax liability is recorded.



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G. Stewardship, Compliance, and Accountability

Budgetary Information

The City’s budget is adopted in accordance with Chapter 65 of the Wisconsin Statutes. Changes to appropriations authorized in the adopted budget generally require a vote of two-thirds of the entire membership of the governing body. Budgetary expenditure control is exercised at the individual account level. Budget amounts include appropriations authorized in the original budget, any City Council approved amendments, appropriations of restricted resources received for funding specific expenditures and designated portions of the beginning balance of the general fund’s equity expected to finance expenditures of the current fiscal year. Unused appropriations lapse at year-end unless specifically carried over for financing subsequent year expenditures. Operating budgets are adopted each year for the general fund.

H. Capital Contributions – Proprietary Funds

Contributions in aid of construction represent amounts received from customers for construction and the value of property (plant) contributed to the utilities.

I. Inter-fund Transactions

Quasi-external transactions are accounted for as revenues, expenditures or expenses. Such transactions include the following: The water utility is charged a tax equivalent due to the general fund. Charges for the tax equivalent and equipment use are recorded as operating transfers in the general fund and water utility fund financial statements. The tax equivalent is recorded as a transfer in the government-wide statements as well. In addition, the water and sewer utilities provide basic services to the general fund. Charges for fire protection, sanitation and basic services are recorded as expenditures in the general fund.



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I. Inter-fund Transactions (Continued)

The sewer utility pays an annual meter use charge to the water utility in accordance with requirements of the Public Service Commission. The annual charge is recorded as an operating expense of the sewer utility and as a reduction of various operating expenses and as operating revenue of the water utility based on the components of the charge. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund are recorded as expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fund that is reimbursed. The City pools its cash. Its inter-fund receivables/payables represent cash loaned to other funds on an interim basis. The city also uses inter-fund receivables/payables to record its tax levy for the subsequent year. All other inter-fund operations are reported as operating transfers.

J. Advances to Other Funds

Non-current portions of long-term inter-fund loan receivables are reported as advances and are classified as non-spendable fund balance which indicates that they do not constitute expendable available financial resources and therefore are not available for appropriation.

K. PSC Regulatory Credit

In 2004 the Public Service Commission of Wisconsin required regulated utilities to create a regulatory credit account. The amount of the credit was equal to the estimated accumulated depreciation on contributed utility plant as of December 31, 2003. The credit has the effect of reducing the rate base used by the Commission in approving user rates charged by the utilities. The credit is reported as a deferred inflow on the statement of net position. The credit is being amortized to non-operating income over a period of 20 years. As of December 31, 2020, the balance was $42,949.

L. Limitations on the City Tax Levy

As part of Wisconsin’s Act 25 (2005), legislation was passed that limits the City’s future tax levies. Generally, the City is limited to its prior tax levy dollar amount, increased by the percentage change in the City’s equalized value due to new construction. Changes in debt service from one year to the next are generally exempt from this limit.



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M. Tax Incremental Financing Districts

The City has three Tax Incremental Districts (TIDs). TID’s are authorized by Section 66.1105 of the Wisconsin Statutes. It is a method by which the City can recover its project costs in designated districts of the City. Those costs are recovered through tax increments, which are placed on the tax roll.

NOTE 2 CASH AND EQUIVALENTS

Cash for all City funds is pooled for investment purposes. At December 31, 2020, the cash and equivalents consist of the following:

Governmental Funds 10,370,572$ Proprietary Funds 6,338,420 Fiduciary Funds 2,519,030

Total 19,228,022$

The above cash and investments balances consisted of the following:

Deposits at Financial Institutions 19,139,689$ Investments in Local Governmental Investment Pool 87,833 Petty Cash 500

Total 19,228,022$

Investments Authorized by Wisconsin Statutes

Investment of City funds is restricted by State statutes. Available investments are limited to:

1) Deposits in any credit union, bank, savings bank, trust company or savings and loan association which is authorized to transact business in this State;

2) Bonds or securities issued or guaranteed as to principal and interest by the federal government, or by a commission, board or other instrumentality of the federal government;

3) Bonds or securities of any county, drainage district, VTAE district, village, city, town, district or school district of this State;

4) Any security which matures or which may be tendered for purchase at the option of the holder within not more than seven years of the date on which it is acquired, if that security has a rating which is the highest or second highest rating category assigned by Standard & Poor’s Corporation, Moody’s investor services or other similar nationally recognized rating agency or if that security is senior to, or on a parity with, a security of the same issuer which has such a rating;

5) Bonds or securities issued under the authority of the municipality; 6) The local government pooled-investment fund as established under Section

25.50 of the Wisconsin Statutes;



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NOTE 2 CASH AND EQUIVALENTS (CONTINUED) Investments Authorized by Wisconsin Statutes (Continued)

7) Agreements in which a public depository agrees to repay funds advanced to it by the City, plus interest, if the agreement is secured by bonds or securities issued or guaranteed as to principal and interest by the federal government;

8) Securities of an open-end management investment company or investment trust, subject to various conditions and investment options;

9) Repurchase agreements with public depositories, with certain conditions; 10) Bonds issued by the University of Wisconsin Hospital and Clinics Authority, and

the Wisconsin Aerospace Authority. Interest Rate Risk

Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. The City does not have a formal investment policy that limits investment maturities as a means of managing its exposure of fair value loss arising from increasing interest rates. Custodial Credit Risk

The City's balances at individual financial institutions were subject to coverage under federal depository insurance and amounts appropriated by Sections 20.144(1)(a) and 34.08 of the Wisconsin Statutes (State Guarantee Fund). Federal depository insurance provides for coverage for governmental entities of up to $250,000 for time and savings deposits and an additional $250,000 for demand deposits. In addition, funds held for others (such as trust funds) are subject to coverage under the name of the party for whom the funds are held. Coverage under the State Guarantee Fund may not exceed $400,000 above the amount of coverage under federal depository insurance at any institution and is limited by the availability of the appropriations authorized therein. (Due to the relatively small size of the State Guarantee Fund in relation to the total coverage, total recovery of losses may not be available.) Also, Section 34.07 of the Wisconsin Statutes authorizes the City to collateralize its deposits that exceed the amount of coverage provided by federal depository insurance and the State Guarantee Fund. Custodial credit risk for deposits is the risk that in the event of bank failure, the City’s deposits may not be returned. At December 31, 2020, the City’s deposits at financial institutions were fully covered by federal and state depository coverage as well as collateral agreements with financial institutions.



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NOTE 2 CASH AND EQUIVALENTS (CONTINUED)

Custodial Credit Risk (Continued)

The State of Wisconsin offers a Local Government Investment Pool (LGIP) to local government units to enable them to voluntarily invest idle funds in State Investment Fund. Local funds are pooled with state funds and invested by the State Investment Board. There is no minimum or maximum amount that can be invested by a local governmental unit. Interest is earned on a daily basis and withdrawals are generally available on day of request. Deposits in the LGIP are not covered by federal depository insurance but are subject to coverage under the State Guarantee Fund. Also, the State of Wisconsin Investment Board has obtained a surety bond to protect deposits in the LGIP against defaults in principal payments on the LGIP’s investments (subject to certain limitations). The average monthly weighted average maturity of the State Investment Fund’s investments for 2020 was 30 days.

Credit Risk

Generally, credit risk for investments is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. State law limits investments in commercial paper, corporate bonds, and mutual bond funds to the top two ratings issued by nationally recognized statistical rating organizations. The City has no investment policy that would further limit its investment choices. As of December 31, 2020, the City’s investment in the Wisconsin Local Government Investment Pool was not rated.

NOTE 3 RECEIVABLES

The City’s special assessments receivables of $805,103 are set up for installment and anticipated to be collected over 10 years. The CDBG loan receivables of $75,085 is not expected to be collected in the next year. All other receivables are anticipated to be collected within one year.



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NOTE 4 CAPITAL ASSETS

Capital asset activity in the governmental activities for the year ended December 31, 2020 is as follows:

Governmental Activities

Beginning Ending Balance Increases Decreases Balance

Non-Depreciable Capital AssetsLand 1,266,326$ -$ -$ 1,266,326$ Construction Work in Progress 1,936,460 663,352 1,936,460 663,352

Total Capital Assets Not Being Depreciated 3,202,786 663,352 1,936,460 1,929,678

Capital Assets Being DepreciatedBuildings and Improvements 10,381,298 50,728 - 10,432,026 Improvements other than Buildings 1,637,349 472,373 - 2,109,722 Equipment 2,649,717 57,407 40,200 2,666,924 Vehicles 2,526,273 404,339 153,323 2,777,289 Infrastructure 44,424,997 3,353,203 - 47,778,200

Total Capital Assets Being Depreciated 61,619,634 4,338,050 193,523 65,764,161

Total Capital Assets 64,822,420 5,001,402 2,129,983 67,693,839

Accumulated Depreciation:Buildings and Improvements 3,274,250 246,195 - 3,520,445 Improvements other than Buildings 469,025 76,938 - 545,963 Equipment 1,395,311 191,529 40,099 1,546,741 Vehicles 1,558,283 219,990 153,323 1,624,950 Infrastructure 17,487,325 1,780,682 - 19,268,007

Total Accumulated Depreciation 24,184,194 2,515,334 193,422 26,506,106

Capital Assets Net of Depreciation 40,638,226$ 2,486,068$ 1,936,561$ 41,187,733$

Depreciation was charged to governmental functions as follows:

General Government 51,517$ Public Safety 196,396 Public Works 1,914,884 Culture, Recreation and Education 352,537 Total Depreciation - Governmental Activities 2,515,334$



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NOTE 4 CAPITAL ASSETS (CONTINUED)

Capital asset activity in the business-type activities for the year ended December 31, 2020 was as follows:

Business-Type Activities

Beginning EndingBusiness-Type Activities Balance Increases Decreases BalanceWater Utility:

Non-Depreciable Capital AssetsLand 106,201$ -$ -$ 106,201$ Construction Work in Progress 13,275 71,294 - 84,569

Total Non-Depreciable Capital Assets 119,476 71,294 - 190,770

Capital Assets Being Depreciated:Buildings and Improvements 1,097,305 - - 1,097,305 Vehicles and Equipment 2,078,780 151,420 31,000 2,199,200 Infrastructure 9,997,103 975,493 46,920 10,925,676


Total Capital Assets 13,292,664 1,126,913 77,920 14,412,951

Accumulated DepreciationBuildings and Improvements 426,141 34,895 - 461,036 Vehicles and Equipment 1,182,024 109,568 31,000 1,260,592 Infrastructure 2,419,271 187,945 46,920 2,560,296

Total Accumulated Depreciation 4,027,436 332,408 77,920 4,281,924

Net Capital Assets 9,265,228$ 794,505$ -$ 10,131,027$

Sewer Utility:Non-Depreciable Capital Assets

Land 20,475$ -$ -$ 20,475$ Total Non-Depreciable Capital Assets 20,475 - - 20,475

Capital Assets Being Depreciated:Vehicles and Equipment 2,291,105 161,113 - 2,452,218 Infrastructure 5,557,624 684,407 14,718 6,227,313

Total Capital Assets Being Depreciated 7,848,729 845,520 14,718 8,679,531

Total Capital Assets 7,869,204 845,520 14,718 8,700,006

Accumulated DepreciationVehicles and Equipment 2,169,143 110,320 - 2,279,463 Infrastructure 694,017 67,900 14,718 747,199



Storm Water Utility:Capital Assets Being Depreciated:

Vehicles and Equipment 460,024$ -$ -$ 460,024$ Infrastructure 3,100,498 718,537 - 3,819,035

Total Capital Assets Being Depreciated 3,560,522 718,537 - 4,279,059

Total Capital Assets 3,560,522 718,537 - 4,279,059

Accumulated DepreciationVehicles and Equipment 186,015 40,664 - 226,679 Infrastructure 949,361 190,952 - 1,140,313

Less Accumulated Depreciation 1,135,376 231,616 - 1,366,992




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NOTE 4 CAPITAL ASSETS (CONTINUED) Depreciation was charged to business-type activities as follows: Water 332,408$ Sewer 178,220Storm Water 231,616

Total Depreciation - Business-Type Activities 742,244$

NOTE 5 LONG-TERM OBLIGATIONS

All general obligation notes and bonds payable are backed by the full faith and credit of the municipality. Governmental activities debt will be retired by future property tax levies accumulated by the debt service fund. Proprietary fund debt is payable by revenues from user fees of those funds, or if the revenues are not sufficient, by future tax levies. The following is a summary of long-term debt transactions of the City governmental activities for the year ended December 31, 2020:

AmountsBalance Balance Due Within1/1/20 Issued Retired 12/31/20 One Year

Governmental ActivitiesGeneral Obligation Notes 14,843,000$ 2,430,000$ 2,427,000$ 14,846,000$ 2,154,000$ State Trust Fund Revenue Obligation - Direct Borrowings and Direct Placements 6,972,545 - 579,713 6,392,832 606,659 Developer Incentives 135,000 - - 135,000 - Landfill Post-Closure Liability 32,040 - - 32,040 - Compensated Absences 555,535 83,462 - 638,997 180,337 Unamortized Debt Premium 164,012 68,146 33,184 198,974 -

Sub-Total Governmental Activities 22,702,132 2,581,608 3,039,897 22,243,843 2,940,996

Business-Type ActivitiesGeneral Obligation Notes 2,933,000 - 382,000 2,551,000 451,000 Mortgage Revenue Bonds - Direct Borrowings and Direct Placements 475,603 - 39,662 435,941 40,687 Unamortized Debt Premium 22,405 - 3,145 19,260 -

Sub-Total Business-Type Activities 3,431,008 - 424,807 3,006,201 491,687

Total 26,133,140$ 2,581,608$ 3,464,704$ 25,250,044$ 3,432,683$ Compensated absences have historically been paid by the general fund. Security and Default. The outstanding long-term debt obligations of the City contain the following provisions: General Obligation Bonds: The notes are general obligations of the City, and all the taxable property in the City is subject to the levy of a tax to pay the principal and interest on the notes as they become due. The levy, under current tax law, may be levied without limitation to rate or amount. Principal and interest paid for the current year and tax levy were $3,200,339 and $802,888, respectively. $2,653,722 was transferred from TIDs to make principal and interest payments.



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NOTE 5 LONG-TERM OBLIGATIONS (CONTINUED) Security and Default (Continued). State Trust Fund Loans: The City’s outstanding notes from direct borrowings related to governmental activities of $6,392,832 are subject to a statutory provision that an event of late or non-payment, a one percent per month penalty will be charged and the payment will be collected through a reduction in payments from the State of Wisconsin. The notes are payable only from and secured by a pledge of the income and revenues to be derived from TID #3. Principal and interest paid for the current year were $894,337 and $1,024,575, respectively. Water System Revenue Bonds: The bonds are payable from a pledge of revenues of the water utility system. Principal and interest paid for the current year and total customer net revenues were $29,797 and $689,306, respectively. Storm Water System Revenue Bonds: The bonds are payable from a pledge of revenues of the storm water utility system. Principal and interest paid for the current year and total customer net revenues were $21,575 and $195,794, respectively. Safe Drinking Water and Clean Water Fund Loan Programs: The City’s outstanding notes from direct borrowings related to business type activities of $435,941 contain the following provisions in the event of a default: 1) Wisconsin Department of Administration can deduct amounts due from any state payments due to the City or add the amounts due as a special charge to the property taxes apportioned; 2) may appoint a receiver for the Program’s benefit; 3) may declare the principal amount immediately due and payable; 4) may enforce any right or obligation under the financing agreement including the right to seek specific performance or mandamus; and 5) may increase the interest rate set forth in the financing agreement to the market interest rate. Total General Obligation Debt as of December 31, 2020 consists of:

Year

Original Issue of Interest Debt Due Within Amount Date Maturity Rate Outstanding One Year

General Obligation Bonds:GO Notes 2012 2,845,000$ August 2012 2022 0.4 - 1.8% 760,000$ 385,000$ GO Notes 2014 B 4,625,000 October 2014 2024 2.0 - 2.5% 3,085,000 735,000 GO Notes 2015 A 3,260,000 October 2015 2025 2.0 - 2.125% 1,625,000 360,000 GO Notes 2016 A 7,000,000 September 2016 2026 1.75 - 2.15% 4,655,000 620,000 GO Notes 2018A 2,030,000 January 2018 2027 3.00% 1,580,000 100,000 GO Notes 2019A 1,200,000 January 2019 2028 2.29% 1,013,000 33,000 GO Notes 2019B 2,332,000 April 2019 2029 2.60% 2,249,000 132,000 GO Notes 2020A 2,430,000 November 2020 2027 2.00% 2,430,000 240,000

Total 17,397,000$ 2,605,000$



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NOTE 5 LONG-TERM OBLIGATIONS (CONTINUED) Summary of Debt Service Requirements The annual principal and interest requirements to amortize all governmental debt and proprietary general obligation debt outstanding as of December 31, 2020 are as follows:

Year Principal Interest Principal Interest Principal Interest Principal Interest

2021 2,154,000$ 314,893$ 606,659$ 287,677$ 451,000$ 62,489$ 2,605,000$ 377,382$ 2022 2,089,000 270,403 633,959 260,378 449,000 51,872 2,538,000 322,275 2023 1,968,000 225,335 662,487 231,850 442,000 41,246 2,410,000 266,581 2024 2,204,000 173,463 691,745 202,591 405,000 28,853 2,609,000 202,316 2025 1,489,000 132,534 723,427 170,909 256,000 20,051 1,745,000 152,585

2026-2029 4,942,000 208,039 3,074,555 343,309 548,000 29,718 5,490,000 237,757 14,846,000$ 1,324,667$ 6,392,832$ 1,496,714$ 2,551,000$ 234,229$ 17,397,000$ 1,558,896$

State Trust Fund RevenueObligation - Direct Borrowings

and Direct PlacementsGeneral Obligation Notes

Proprietary TotalGovernmental

In accordance with Section 67.03 (1) of the Wisconsin Statutes, total general obligation indebtedness of the City may not exceed 5% of the equalized value of taxable property within the City’s jurisdiction. The state trust fund revenue obligations do not count towards the general obligation debt limit. The following computation compares the total debt allowable for the City of Altoona with the actual outstanding indebtedness at December 31, 2020:

Equalized valuation 806,015,500$ Legal debt capacity (5% of equalized value 40,300,775$ General obligation debt 17,397,000$ Unused borrowing capacity 22,903,775$ Percent of debt capacity remaining 56.8%

Mortgage Revenue Bonds Outstanding mortgage revenue bonds for the water and storm water utility totaled $435,951 on December 31, 2020. The City’s full faith and credit do not back mortgage revenue bonds which are instead backed only by the assets and revenue of the water and storm water utilities (proprietary funds). Individual debt issues outstanding at December 31, 2020 are:

YearOriginal Issue of Interest Debt Due Within

Mortgage Revenue Bonds: Amount Date Maturity Rate Outstanding One YearWater 458,481$ December 2010 2030 2.20% 267,192$ 24,179$ Storm Water 355,225 December 2009 2029 3.15% 168,759 16,507 Total Mortgage Revenue Bonds 435,951$ 40,686$



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NOTE 5 LONG-TERM OBLIGATIONS (CONTINUED) Mortgage Revenue Bonds (Continued) Scheduled annual requirements for retirement of the mortgage revenue bond obligations debt outstanding at December 31, 2020 are summarized as follows:

Year Principal Interest Principal Interest Principal Interest

2021 24,179$ 5,612$ 16,507$ 5,060$ 40,686$ 10,672$ 2022 24,711 5,074 17,028 4,532 41,739 9,606 2023 25,255 4,525 17,565 3,986 42,820 8,511 2024 25,811 3,963 18,119 3,424 43,930 7,387 2025 26,378 3,389 18,690 2,844 45,068 6,233

2026-2030 140,868 7,883 80,840 5,198 221,708 13,081 267,202$ 30,446$ 168,749$ 25,044$ 435,951$ 55,490$

Mortgage Revenue BondsWater Storm Water Total

NOTE 6 INTER-FUND ACTIVITY As of December 31, 2020, the composition of interfund balances was as follows:

Receivable Fund Payable Fund Amount Purpose

Sewer Fund Water Fund 336$ Finance Operating Expenses


General Fund River Prairie TIF #3 1,597,066$ Cashflow BorrowingGeneral Fund Business Park TIF #2 419,885 Cashflow Borrowing

2,016,951$

The schedule of inter-fund transfer activity is as follows:

Fund Transferred To Fund Transferred From Amount PurposeDebt Service Fund River Prairie TIF #3 2,259,753$ TIF Debt PaymentDebt Service Fund River Prairie TIF #4 163,840 TIF Debt PaymentDebt Service Fund River Prairie TIF #3 230,129 TIF Debt PaymentRiver Prairie TIF #3 Business Park TIF #2 18,446 Donor TIF District AllocationCapital Project Fund General Fund 1,828,660 Land AcqusitionGeneral Fund Water Utility 214,062 Property Tax Equivalent

4,714,890$



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NOTE 7 WISCONSIN RETIREMENT SYSTEM

General Information about the Pension Plan

Plan Description. The WRS is a cost-sharing multiple-employer defined benefit pension plan. WRS benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. Benefit terms may only be modified by the legislature. The retirement system is administered by the Wisconsin Department of Employee Trust Funds (ETF). The system provides coverage to all eligible State of Wisconsin, local government and other public employees. All employees, initially employed by a participating WRS employer on or after July 1, 2011, expected to work at least 1,200 hours a year (880 hours for teachers and school district educational support employees) and expected to be employed for at least one year from employee’s date of hire are eligible to participate in the WRS. ETF issued a standalone WRS Financial Report, which can be found at https://etf.wi.gov/about-etf/reports-and-studies/financial-reports-and-statements Vesting. For employees beginning participation on or after January 1, 1990, and no longer actively employed on or after April 24, 1998, creditable service in each of five years is required for eligibility for a retirement annuity. Participants employed prior to 1990 and on or after April 24, 1998, and prior to July 1, 2011, are immediately vested. Participants who initially became WRS eligible on or after July 1, 2011, must have five years of creditable service to be vested. Benefits provided. Employees who retire at or after age 65 (54 for protective occupations and 62 for elected officials and executive service retirement plan participants, if hired on or before 12/31/2016) are entitled to a retirement benefit based on a formula factor, their final average earnings, and creditable service. Final average earnings is the average of the participant's three highest annual earnings periods. Creditable service includes current service and prior service for which a participant received earnings and made contributions as required. Creditable service also includes creditable military service. The retirement benefit will be calculated as a money purchase benefit based on the employee’s contributions plus matching employer's contributions, with interest, if that benefit is higher than the formula benefit. Vested participants may retire at or after age 55 (50 for protective occupations) and receive an actuarially-reduced benefit. Participants terminating covered employment prior to eligibility for an annuity may either receive employee-required contributions plus interest as a separation benefit or leave contributions on deposit and defer application until eligible to receive a retirement benefit. The WRS also provides death and disability benefits for employees.



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NOTE 7 WISCONSIN RETIREMENT SYSTEM (CONTINUED)

General Information about the Pension Plan (Continued)

Contributions. Required contributions are determined by an annual actuarial valuation in accordance with Chapter 40 of the Wisconsin Statutes. The employee required contribution is one-half of the actuarially determined contribution rate for General category employees, including Teachers, Executives and Elected Officials. Starting on January 1, 2016, the Executives and Elected Officials category was merged into the General Employee Category. Required contributions for protective employees are the same rate as general employees. Employers are required to contribute the remainder of the actuarially determined contribution rate. The employer may not pay the employee required contribution unless provided for by an existing collective bargaining agreement. During the fiscal reporting period January 1, 2020 through December 31, 2020, the WRS recognized $231,136 in contributions from the employer.

Contribution rates for 2020 are:

Employee Employer

General (including Teachers) 6.75% 6.75%Protective with Social Security 6.75% 10.65%Protective without Social Security 6.75% 16.25%

Post-Retirement Adjustments. The Employee Trust Funds Board may periodically adjust annuity payments from the retirement system based on annual investment performance in accordance with s. 40.27, Wis. Stat. An increase (or decrease) in annuity payments may result when investment gains (losses), together with other actuarial experience factors, create a surplus (shortfall) in the reserves, as determined by the system’s consulting actuary. Annuity increases are not based on cost of living or other similar factors. For Core annuities, decreases may be applied only to previously granted increases. By law, Core annuities cannot be reduced to an amount below the original, guaranteed amount (the “floor”) set at retirement. The Core and Variable annuity adjustments granted during recent years are as follows:

Core Fund Variable Fund

Year Adjustment Adjustment

2010 (1.3)% 22.0%2011 (1.2) 11.0 2012 (7.0) (7.0) 2013 (9.6) 9.0 2014 4.7 25.0 2015 2.9 2.0 2016 0.1 (5.0) 2017 2.0 4.0 2018 2.4 17.0 2019 - (10.0)



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Pension Assets, Liabilities, Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions

At December 31, 2020, the City reported an asset of $644,937 for its proportionate share of the net pension asset. The total pension liability used to calculate the net pension asset was determined by an actuarial valuation as of December 31, 2018 rolled forward to December 31, 2019. No material changes in assumptions or benefit terms occurred between the actuarial valuation date and the measurement date. The City’s proportion of the net pension asset was based on a projection of the City’s long-term share of contributions to the pension plan relative to the projected contributions of all participating employers. At December 31, 2019, the City’s proportion was 0.02000141 percent, which was an increase of 0.00089613 percent from its proportion measured as of December 31, 2018. For the year ended December 31, 2020, the City recognized pension expense of $236,433. At December 31, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources

DescriptionDeferred Outflows

of ResourcesDeferred Inflows of

ResourcesDifferences Between Expected and Actual Experience 1,224,236$ 612,648$ Changes of Assumptions 50,257 - Net Difference Between Projected and Actual Earnings on Pension Plan Investments - 1,318,477 Changes in Proportion and Differences Between City Contributions and Proportionate Share of Contributions 387 7,141 City Contributions Subsequent to the Measurement Date 231,136 - Total 1,506,016$ 1,938,266$



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Pension Assets, Liability, Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions (Continued)

$231,136 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as an addition to the net pension asset in the year ended December 31, 2021. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

Year Ended December 31:

Pension Expense Amount

2021 (198,915)$ 2022 (147,036) 2023 21,636 2024 (339,071) 2025 -

Thereafter -

Actuarial Assumptions

The total pension liability in the actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:

Actuarial Valuation Date: December 31, 2018Measurement Date of Net Pension Liability (Asset): December 31, 2019Actuarial Cost Method: Entry Age NormalAsset Valuation Method: Fair ValueLong-Term Expected Rate of Return: 7.0%Discount Rate: 7.0%Inflation: 3.00%Salary Increases: 0.1% to 5.6% including inflation

Mortality: Wisconsin 2018 Mortality Table

Post-retirement Adjustments* 1.9%*No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return, actuarial experience and other factors. 1.9% is the assumed annual adjustment based on the investment return assumption and the post-retirement discount rate.



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Actuarial Assumptions (Continued)

Actuarial assumptions are based upon an experience study conducted in 2018 that covered a three-year period from January 1, 2015 to December 31, 2017. The Total Pension Liability for December 31, 2019 is based upon a roll-forward of the liability calculated from the December 31, 2018 actuarial valuation.

The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the table on the following table:

Asset Class Target

Allocation

Long-Term Expected Real Rate of Return Asset Class

Target Allocation

Long-Term Expected Real Rate of Return

Global Equities 49.0% 5.1% Domestic Equity 70.0% 4.6%Fixed Income 24.5% 2.1% International Equity 30.0% 5.3%Inflation Sensitive Assets 15.5% 1.2% Fixed Income N/A N/AReal Estate 9.0% 3.5% Inflation Sensitive Assets N/A N/APrivate Equity/Debt 8.0% 7.6% Real Estate N/A N/AMulti-Asset 4.0% 4.0% Private Equity/Debt N/A N/ACash 0.0% 0.0% Multi-Asset N/A N/ATotals 110.0% 4.6% Cash N/A N/A

Totals 100.0% 4.9%

Core Asset Allocation Variable Asset Allocation

Discount rate

A single discount rate of 7.00% was used to measure the total pension liability. This single discount rate was based on the expected rate of return on pension plan investments of 7.00% and a municipal bond rate of 2.75% (Source: Fixed income municipal bonds as reported in Fidelity Index’s “20-year Municipal GO AA Index” as of December 31, 2019. In population of over 10,000 tax-exempt securities). Because of the unique structure of WRS, the 7.00% expected rate of return implies that a dividend of approximately 1.9% will always be paid. For purposes of the single discount rate, it was assumed that the dividend would always be paid. The projection of cash flows used to determine this single discount rate assumed that plan member contributions will be made at the current contribution rate and that employer contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on these assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments (including expected dividends) of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.



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Discount rate (Continued)

Sensitivity of the City’s proportionate share of the net pension liability (asset) to changes in the discount rate. The following presents the City’s proportionate share of the net pension liability (asset) calculated using the discount rate of 7.0 percent, as well as what the City’s proportionate share of the net pension liability (asset) would be if it were calculated using a discount rate that is 1-percentage-point lower (6.0 percent) or 1-percentage-point higher (8.0 percent) than the current rate:

1% Decrease (6.00%)

Current Discount Rate

(7.00%)1% Increase

(8.00%) City's Proportionate Share of the Net Pension Liability (Asset) 1,660,827$ (644,937)$ (2,368,760)$

Pension plan fiduciary net position. Detailed information about the pension plan’s fiduciary net position is available in separately issued financial statements available at https://etf.wi.gov/about-etf/reports-and-studies/financial-reports-and-statements.

NOTE 8 OTHER POSTEMPLOYMENT BENEFITS – MULTIPLE EMPLOYER PLAN

Plan Description. The LRLIF is a multiple-employer defined benefit OPEB plan. LRLIF benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. The Wisconsin Department of Employee Trust Funds (ETF) and the Group Insurance Board have statutory authority for program administration and oversight. The plan provides post-employment life insurance benefits for all eligible employees.

Benefits Provided. The LRLIF plan provides fully paid up life insurance benefits for post-age 64 retired employees and pre-65 retirees who pay for their coverage. Contributions. The Group Insurance Board approves contribution rates annually, based on recommendations from the insurance carrier. Recommended rates are based on an annual valuation, taking into consideration an estimate of the present value of future benefits and the present value of future contributions. A portion of employer contributions made during a member’s working lifetime funds a post-retirement benefit. Employers are required to pay the following contributions based on employee contributions for active members to provide them with Basic Coverage after age 65. There are no employer contributions required for pre-age 65 annuitant coverage. If a member retires prior to age 65, they must continue paying the employee premiums until age 65 in order to be eligible for the benefit after age 65. Contribution rates as of December 31, 2020 are:

Coverage Type Employer Contribution50% Post Retirement Coverage 40% of employee contribution25% Post Retirement Coverage 20% of employee contribution



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NOTE 8 OTHER POSTEMPLOYMENT BENEFITS – MULTIPLE EMPLOYER PLAN (CONTINUED)

Contributions (Continued). Employee contributions are based upon nine age bands through age 69 and an additional eight age bands for those age 70 and over. Participating employees must pay monthly contribution rates per $1,000 of coverage until the age of 65 (age 70 if active). The employee contribution rates in effect for the year ended December 31, 2019 are:

Attained Age Basic

Under 30 $0.0530-34 0.06 35-39 0.07 40-44 0.08 45-49 0.12 50-54 0.22 55-59 0.39 60-64 0.49 65-69 0.57

During the City’s fiscal year the LRLIF recognized $794 in contributions from the City. OPEB Liabilities/Assets, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEBs

At December 31, 2020, the City reported a liability of $197,312 for its proportionate share of the net OPEB liability. The net OPEB liability was measured as of December 31, 2019, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of December 31, 2018 and rolled forward to December 31, 2019. No material changes in assumptions or benefit terms occurred between the actuarial valuation date and the measurement date. The City's proportion of the net OPEB liability was based on the City's share of contributions to the OPEB plan relative to the contributions of all participating employers. At December 31, 2019, the City's proportion was 0.0463370 percent, which was a decrease of 0.002953 percent from its proportion measured as of December 31, 2018. For the year ended June 30, 2020, the City recognized OPEB expense of $24,328. At December 31, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to OPEBs from the following sources:


of ResourcesDeferred Inflows

of ResourcesDifferences Between Expected and Actual Experience -$ 8,839$ Changes of Assumptions or Other Input 72,789 21,703 Net Difference Between Projected and Actual Earnings on OPEB Investments 3,722 - Change in proportion and differences between employer contributions and proportionate share of contributions 19,297 - District Contributions Subsequent to the Measurement Date 794 -

Total 96,602$ 30,542$



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OPEB Liabilities/Assets, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEBs (Continued)

$794 reported as deferred outflows of resources related to OPEB resulting from City contributions subsequent to the measurement date will be recognized as a reduction to the net OPEB liability in the year ended December 31, 2021. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEBs will be recognized in OPEB expense as follows:

Year Ended June 30:OPEB Expense

Amount2021 11,293$ 2022 11,293 2023 10,892 2024 10,479 2025 8,855 2026 12,252 2027 202

Actuarial assumptions. The total OPEB liability in the January 1, 2019 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:

Valuation Date January 1, 2019Measurement Date of Net OPEB Liability (Asset) December 31, 2019Actuarial Cost Method Entry Age Normal20 Year Tax-Exempt Municipal Bond Yield 2.74%Long-Term Expected Rate of Return 4.25%Discount Rate 2.87%Salary Increases:

Inflation 2.20%Seniority/Merit 0.20%-5.60%

Mortality Wisconsin 2018 Mortality Table

The discount rate was based on the Bond Buyer Go 20-year AA municipal bond rate Index published by the Federal Reserve. The actuarial assumptions used were based on an experience study conducted in 2018 using Wisconsin Retirement System (WRS) experience from 2015-2017.



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Long-term expected Return on Plan Assets. The long-term expected rate of return is determined by adding expected inflation to expected long-term real returns and reflecting expected volatility and correlation. Investments for the LRLIF are held with Securian, the insurance carrier. Interest is calculated and credited to the LRLIF based on the rate of return for a segment of the insurance carriers’ general fund, specifically 10-year A- Bonds (as a proxy, and not tied to any specific investments). The overall aggregate interest rate is calculated using a tiered approach based on the year the funds were originally invested and the rate of return for that year. Investment interest is credited based on the aggregate rate of return and assets are not adjusted to fair market value. Furthermore, the insurance carrier guarantees the principal amounts of the reserves, including all interest previously credited thereto.

Asset Class IndexTarget

Allocation

Long-Term Expected

Geometric Real Rate of Return

U.S. Credit Bonds Barclays Credit 45% 2.12%U.S. Long Credit Bonds Barclays Long Credit 5% 2.90%U.S. Mortgages Barclays MBS 50% 1.53%

Inflation 2.20%

Long-Term Expected Rate of Return 4.25%

Single Discount rate. A single discount rate of 2.87% was used to measure the total OPEB liability. The Plan’s fiduciary net position was projected to be insufficient to make all projected future benefit payments of current active and inactive employees. Therefore, the discount rate for calculating the Total OPEB Liability is equal to the single equivalent rate that results in the same actuarial present value as the long-term expected rate of return applied to benefit payments, to the extent that the plan’s fiduciary net position is projected to be sufficient to make projected benefit payments, and the municipal bond rate applied to benefit payment to the extent that the plan’s fiduciary net position is projected to be insufficient.



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Sensitivity of the City’s proportionate share of the net OPEB liability (asset) to changes in the discount rate. The following presents the City’s proportionate share of the net OPEB liability (asset) calculated using the discount rate of 2.87 percent, as well as what the City’s proportionate share of the net OPEB liability (asset) would be if it were calculated using a discount rate that is 1-percentage-point lower (1.87 percent) or 1-percentage-point higher (3.87 percent) than the current rate:

1% Decrease (1.87%)


(2.87%)1% Increase

(3.87%)

Proportionate share of the Net OPEB Liability (asset) 12/31/20 272,455$ 197,312$ 140,143$

NOTE 9 OTHER POSTEMPLOYMENT BENEFITS – SINGLE EMPLOYER PLAN

Description of the Plan Retired employees have access to the group medical and dental coverage through the City. The plan is outlined in the City’s labor agreements and plan summary documents. A summary of the plan benefits is listed below: Public Works, Clerical and Police Union Employees Police Union employees are eligible to retire at the earlier of age 50 with reduced pension, age 53 with 25 years or age 54. Retirees are responsible for the portion of the premium rates not covered by the City’s explicit subsidy. The City’s explicit subsidy is 50% of the single or family premium until the employee is Medicare eligible.

The City has no explicit subsidy for retired employees other than Police union employees.

Participants Employees participating in the OPEB benefit consisted of the following at December 31, 2019, the date of the latest actuarial valuation.

Inactive plan members or beneficiaries currently receiving benefit payments 4

Inactive plan members entitled to but not yet receiving benefit payments 0

Total eligible active plan members 40

44



DECEMBER 31, 2020

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NOTE 9 OTHER POSTEMPLOYMENT BENEFITS – SINGLE EMPLOYER PLAN (CONTINUED)

Total OPEB Liability The City does not accumulated assets in a trust for payment of OPEB benefits. Accordingly, the City must report its total OPEB liability. At December 31, 2020, the City reported a total OPEB liability of $1,700,231. Changes in the City’s total OPEB liability were as follows:

Total OPEB

Liability(a)

Balance at 12/31/2019 1,427,380$

Changes for the year:Service Cost 160,217 Interest 50,494 Differences Between Expected and Actual Experience (181,620) Changes of Assumptions or Other Input 321,779 Benefit Payments (78,019)

Net Changes 272,851

Balance at December 31, 2020 1,700,231$

Actuarial Assumptions The total OPEB liability in the actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:

Valuation Date: January 1, 2020Measurement Date: December 31, 2020Actuary Cost Method: Entry Age NormalAmortization Method: Level Percent of SalaryDiscount Rate: 2.12%Inflation: 2.5%Average of Expected Remaining Service Lives 10 YearsHealth Care Trends: 8.00% year one, 7.5% year two, decreasing 0.5% per year down to

4.5% in 2028, and level thereafter.Payroll growth Payroll growth including general wage inflation of 3.00% plus

merit/longevity increases based on the Wisconsin Retirement System actuarial valuation as of December 31, 2019.

Mortality: RPH-2020 Total Dataset Mortality Table fully generational using Scale MP-2020

* Mortality table has been updated to scale MP-2020, resulting in an increase in liabilities. The termination rate, retirement rate, and salary scale assumptions were updated as of 12/31/2019, resulting in an increase in liabilities. Health care trend rates updated to an initial rate of 8.00%, decreasing by 0.50% annually to an ultimate rate of 4.50%, resulting in an increase in liabilities. The discount rate decreased from 3.26% to 2.12%, resulting in an increase in liabilities.



DECEMBER 31, 2020

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NOTE 9 OTHER POSTEMPLOYMENT BENEFITS – SINGLE EMPLOYER PLAN (CONTINUED) Sensitivity of the net OPEB liability to changes in the discount rate The following presents the net OPEB liability of the City, as well as what the City's net OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower or 1-percentage-point higher than the current discount rate:

1% Decrease (1.12%)


(2.12%)1% Increase

(3.12%) Net OPEB Liability (Asset) 12/31/20 1,849,047$ 1,700,231$ 1,563,404$

Sensitivity of the net OPEB liability to changes in the healthcare cost trend rates The following presents the net OPEB liability of the City, as well as what the City’s net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower or 1-percentage-point higher than the current healthcare cost trend rates:

1% Decrease (7.00% in the first year, decreasing

to 3.50%)

Healthcare Cost Trend Rates

(8.00% in the first year, decreasing

to 4.50%)

1% Increase (9.00% in the first year, decreasing

to 5.50%) Net OPEB Liability (Asset) 12/31/20 1,494,576$ 1,700,231$ 1,945,818$

For the year ended December 31, 2020, the City recognized OPEB expense of $126,263. At December 31, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to single employer other postemployment benefits from the following sources:



of ResourcesDifferences Between Expected and Actual Experience 62,361$ 200,602$ Changes of Assumptions or Other Input 353,283 88,779

Total 415,644$ 289,381$

Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

Year Ended June 30:

OPEB Expense Amount

2021 15,183$ 2022 15,183 2023 15,183 2024 15,183 2025 15,183

Thereafter 50,348



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NOTE 10 FUND BALANCE

The following is a detailed schedule of ending fund balances as reported in the fund financial statements by category:

Total Nonspendable Restricted Committed Assigned UnassignedMajor Funds:

General Fund:Delinquent Taxes 16,066$ 16,066$ -$ -$ -$ -$ Interfund Advances 2,016,951 2,016,951 - - - - Park Operations 225 - - - 225 - Land Acquisition 1,823,544 - - 1,823,544 - - Redevelopment 2,104,541 - - 2,104,541 - - Unassigned 4,040,497 - - - - 4,040,497

Subtotal General Fund 10,001,824 2,033,017 - 3,928,085 225 4,040,497 Debt Service 743,412 - - - 743,412 - Capital Projects 1,619,478 - 1,619,478 - - - River Prairie Tax Incremental District #3 (1,402,486) - - - - (1,402,486)

Nonmajor Funds:Public Library 187,756 - 187,756 - - - CDBG Residential Revolving Loan Program 225,627 75,085 150,542 - - - Business Park Tax Incremental District #2 (426,815) - - - - (426,815) Tax Incremental District #4 813,133 - 813,133 - - -

Total Fund Balance 11,761,929$ 2,108,102$ 2,770,909$ 3,928,085$ 743,637$ 2,211,196$

NOTE 11 PRIOR PERIOD ADJUSTMENT

In previous years governmental fund land for resale was recorded as a government-wide adjustment to governmental activities. In the current year land for resale has been recorded as an asset in the general fund.

GeneralFund

Net Position, December 31, 2019, as Previously Reported 10,563,974$ Prior Period Adjustment to Correct Land for Resale 349,554 Net Position, December 31, as Restated 10,913,528$

NOTE 12 TAX INCREMENTAL FINANCING DISTRICTS

The City of Altoona has three active tax incremental financing districts. Tax Incremental District #2 was created in July 2000. The primary purpose of this tax increment district is to encourage development in the City’s business park. The City also passed a resolution and project plan amendment allowing the allocation of increment from TIF #2 to TIF #3. Tax Incremental District #3 was approved in September 2001. The primary purpose of the tax increment district is to provide needed infrastructure for development in the area of the State of Wisconsin’s Highway 53 bypass. The City created TIF #4 in 2008.



DECEMBER 31, 2020

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NOTE 12 TAX INCREMENTAL FINANCING DISTRICTS (CONTINUED) Accumulated project costs and revenues from inception through December 31, 2020 are shown as follows:

TID #2 TID #3 TID #4Accumulated Project Costs:

Project Expenditures 2,107,993$ 40,756,424$ 1,306,944$ Administration 109,231 - 219,006 Debt Expenditures:

Interest and Fiscal Charges 149,269 4,825,370 282,857 Transfers Out 2,388,838 230,129 -

Total Project Costs 4,755,331 45,811,923 1,808,807

Accumulated Project Revenues:Tax Increments 3,857,986 25,059,489 2,151,669 Intergovernmental Grants and Aids 211,778 1,383,751 399,894 Rent Income - - - Special Assessments 136,949 168,208 42,816 Interest on Investments - 43,630 23,548 Sale of Property - 1,568,145 - Miscellaneous Revenue 121,803 554,044 4,013 Transfers In - 2,388,837 -

Total Project Revenues 4,328,516 31,166,104 2,621,940

Future Project Revenues Necessary to Recover Project Costs to Date 426,815$ 14,645,819$ (813,133)$

The above summary of transactions is reconcilable to the fund balances of the TID funds at December 31, 2020 as follows:

TID #2 TID #3 TID #4Outstanding Long-Term Debt Payable from

TID Funds at December 31, 2020 -$ 13,243,333$ -$ Less Unrecovered Costs Above (426,815) (14,645,819) 813,133 Fund Balance at December 31, 2020 (426,815)$ (1,402,486)$ 813,133$



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NOTE 13 LANDFILL POST-CLOSURE LIABILITY The City of Altoona and Town of Washington have independently or jointly operated a landfill in the City of Altoona. The landfill was licensed as a sanitary landfill in 1969. The landfill was capped at closure in 1982. An active landfill gas extraction system has operated at the site since 1995. State and federal laws and regulations require certain maintenance and monitoring functions at the landfill site. The City and Town filed a remedial action options report related to ongoing post-closure maintenance of the landfill. In addition, annual post-closure monitoring costs of $17,000-$30,000 are anticipated for 20 years. The Town is responsible for a portion of this annual cost and reimburses the City. The reported post-closure liability represents the estimated cumulative cost to perform all post-closure case. Actual costs may differ due to inflation or deflation, changes in technology, or changes to applicable laws or regulations. The City’s estimated portion of the post-closure liability as of December 31, 2020 is $32,040 of the total liability. This liability is recorded in the Statement of Net Position. The liability is reduced by annual ongoing post-closure monitoring costs.

NOTE 14 LAND HELD FOR RESALE

The City recorded land held for resale of $1,891,600 in 2012. As parcels are sold the basis in the land is reduced. The City recorded $511,310 in gain on land sales during 2020. The balance of land held for resale is $1,570,524 as of December 31, 2020.

NOTE 15 RISK MANAGEMENT

The City is exposed to various risks of loss related to torts; theft of, damage to, or destruction of assets; errors and omissions; workers compensation; and health care of its employees. All risks are covered through the purchase of commercial insurance, with minimal deductibles. Settled claims have not exceeded the commercial coverage in any of the past three years.

NOTE 16 SUBSEQUENT EVENT

On January 28, 2021 the City approved the issuance of a $5,860,000 tax increment revenue refunding bond for TID #3.


SCHEDULE 1 CITY OF ALTOONA, WISCONSIN

BUDGETARY COMPARISON SCHEDULE GENERAL FUND


See accompanying Notes To Required Supplementary Information (66)

Actual Variance with

Original Final Amounts Final BudgetREVENUESProperty Taxes 2,107,820$ 2,107,820$ 2,107,820$ -$ Other Taxes 502,386 502,386 444,813 (57,573) Special Assessment Revenue 116,000 116,000 202,061 86,061 Intergovernmental 1,921,020 1,921,020 2,103,386 182,366 License and Permits 225,070 225,070 402,236 177,166 Fines, Forfeits, and Penalties 34,000 34,000 37,677 3,677 Public Charges for Services 368,129 368,129 259,593 (108,536) Interest Income 195,200 195,200 184,614 (10,586) Sale of Land for Resale - - 511,310 511,310 Miscellaneous Income 118,255 118,255 120,709 2,454 Total Revenues 5,587,880 5,587,880 6,374,219 786,339

EXPENDITURESGeneral Government 828,575 828,575 845,637 (17,062) Public Safety 2,859,026 2,859,026 2,835,595 23,431 Public Works 1,092,138 1,092,138 922,272 169,866 Health and Human Services 6,000 6,000 1,750 4,250 Culture, Recreation, and Education 979,603 979,603 802,194 177,409 Conservation and Development 404,231 670,089 269,622 400,467 Total Expenditures 6,169,573 6,435,431 5,677,070 758,361

EXCESS (DEFICIENCY) OF REVENUESOVER EXPENDITURES (581,693) (847,551) 697,149 1,544,700

OTHER FINANCING SOURCES (USES)Transfers In 581,693 704,945 214,062 (490,883) Transfers Out - - (1,828,660) (1,828,660) Sale of Capital Assets - 142,606 5,745 (136,861)

Total Other Financing Sources (Uses) 581,693 847,551 (1,608,853) (2,456,404) NET CHANGE IN FUND BALANCE -$ -$ (911,704) (911,704)$

Fund Balance - Beginning of Year 10,563,974

Prior Period Adjustment 349,554 FUND BALANCE - END OF YEAR 10,001,824$

Budgeted Amounts



SCHEDULE OF PROPORTIONATE SHARE OF WISCONSIN RETIREMENT SYSTEM NET PENSION PLAN (ASSET) LIABILITY

LAST TEN MEASUREMENT PERIODS (SCHEDULE IS PRESENTED PROSPECTIVELY FROM IMPLEMENTATION)


ProportionateShare of the Net Plan Fiduciary

Proportionate Pension Liability Net Position as aProportion of Share of the (Asset) as a Percentage of the

the Net Pension Net Pension Covered Percentage of Total PensionYear Ending Liability (Asset) Liability (Asset) Payroll Covered Payroll Liability

12/31/2019 0.02000141% (644,936)$ 2,565,579$ -25.14% 102.96%12/31/2018 0.01910528% 679,706 2,470,180 27.52% 96.45%12/31/2017 0.01789514% (531,328) 2,372,501 -22.40% 102.93%12/31/2016 0.01684799% 138,868 2,122,738 6.54% 99.12%12/31/2015 0.01637083% 266,023 2,025,494 13.13% 98.20%12/31/2014 0.01600202% (392,945) 1,986,523 -19.78% 102.74%



SCHEDULE OF CONTRIBUTIONS TO WISCONSIN RETIREMENT SYSTEM PENSION PLAN

LAST TEN FISCAL YEARS (SCHEDULE IS PRESENTED PROSPECTIVELY FROM IMPLEMENTATION)


Contributions inRelation to the Contributions

Contractually Contractually Contribution as a PercentageRequired Required Deficiency Covered of Covered

Year Contributions Contributions (Excess) Payroll Payroll

12/31/2020 231,136$ (231,136)$ - 2,802,006$ 8.25%12/31/2019 211,018 (211,018) - 2,565,579 8.22%12/31/2018 206,541 (206,541) - 2,470,180 8.36%12/31/2017 224,908 (224,908) - 2,372,501 9.48%12/31/2016 171,778 (171,778) - 2,122,738 8.09%12/31/2015 159,915 (159,915) - 2,025,494 7.90%

Changes of Benefit Terms. There were no changes of benefit terms for any participating employer in WRS. Changes of Assumptions. No significant change in assumptions were noted from the prior year.



SCHEDULE OF CITY’S PROPORTIONATE SHARE OF THE NET OPEB LIABILITY WISCONSIN LOCAL RETIREE LIFE INSURANCE FUND MULTI-EMPLOYER OPEB PLAN



OPEB Fiscal Year End Date (Measurement

Date)

City's Proportion of the Net OPEB Liability (Asset)

City's Proportionate

Share of the Net OPEB Liability

(Asset)City's Covered

Payroll


Share of the Net OPEB Liability (Asset) as a

Percentage of Covered Payroll

Plan Fiduciary Net Position as a Percentage of the Total OPEB Liability (Asset)

12/31/2019 0.04633700% 197,312$ 2,305,000$ 8.56% 37.58%12/31/2018 0.04929000% 105,611 2,308,000 4.58% 48.69%12/31/2017 0.39953000% 120,202 1,680,138 7.15% 44.81%



SCHEDULE OF CITY’S CONTRIBUTIONS TO WISCONSIN LOCAL RETIREE LIFE INSURANCE FUND MULTI-EMPLOYER OPEB PLAN

LAST TEN FISCAL YEARS (SCHEDULE IS PRESENTED PROSPECTIVELY FROM IMPLEMENTATION)


City's Fiscal Year End Date

Contractually Required

Contribution

Contributions in Relation to the Contractually

Required Contributions

Contribution Deficiency (Excess)

City's Covered Payroll

Contributions as a Percentage of Covered Payroll

12/31/2020 794$ (794)$ -$ 2,305,000$ 0.03%12/31/2019 788 (788) - 2,308,000 0.03%12/31/2018 791 (791) - 1,680,138 0.05%



SCHEDULE OF CHANGES IN THE CITY’S OPEB LIABILITY, RELATED RATIOS AND ACTUARIAL ASSUMPTIONS



2018 2019 2020

Total OPEB LiabilityService Cost 120,267$ 143,626$ 160,217$ Interest 44,524 56,497 50,494 Differences Between Expected and Actual Experience 93,540 (50,352) (181,620) Changes of Assumptions or Other Input (133,167) 86,473 321,779 Benefit Payments (57,802) (78,918) (78,019) Net Change in Total OPEB Liability 67,362 157,326 272,851 Total OPEB Liability - Beginning 1,202,692 1,270,054 1,427,380 Total OPEB Liability - Ending (a) 1,270,054$ 1,427,380$ 1,700,231$

Covered Payroll 2,400,968$ 2,477,799$ 3,050,681$

District's Net OPEB Liability (Asset) as a Percentage of Covered-Employee Payroll 52.90% 57.61% 55.73%


CITY OF ALTOONA, WISCONSIN NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

DECEMBER 31, 2020

(72)

BUDGETARY INFORMATION

GASB Statement No. 34 requires the presentation of budgetary comparison schedules for the general fund and for each major special revenue fund. Budgetary information is derived from the City’s annual operating budget. The City's budget is adopted in accordance with Chapter 65 of the Wisconsin Statutes and on a basis consistent with generally accepted accounting principles. Changes to appropriations authorized in the adopted budget generally require a vote of two-thirds of the entire membership of the governing body. The City’s legal budget is adopted at the major function level in the general fund (i.e., general government) and at the fund level in all other funds. Budget amounts in the financial statements include both the original adopted budget and the final budget. Changes to the budget during the year, if any, generally include amendments authorized by the governing body, additions of approved carryover amounts and appropriations of revenues and other sources for specified expenditures/uses. Appropriated budget amounts lapse at the end of the year unless specifically carried over for financing subsequent year expenditures.

EXCESS OF EXPENDITURES OVER BUDGET Comparisons of actual revenues and expenditures to budgeted amounts for the City’s general fund and each major special revenue fund are presented as required supplementary information following the basic financial statements. Expenditures in excess of budgeted amounts at the legally adopted levels for each of these funds are shown in those schedules. SINGLE EMPLOYER OPEB No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB 75.


SCHEDULE A-1 CITY OF ALTOONA, WISCONSIN

NONMAJOR GOVERNMENTAL FUNDS COMBINING BALANCE SHEET

DECEMBER 31, 2020

(73)

TotalNonmajor

Public CDBG/Residential Business Park GovernmentalLibrary Loan Fund TIF #2 TIF #4 Funds

ASSETSCash and Cash Equivalents 20,389$ 150,542$ -$ 722,920$ 893,851$ Taxes Receivable 225,139 - 261,639 266,664 753,442 Loans Receivable - 75,085 - - 75,085 Land Held for Resale - - - 90,213 90,213 Restricted Cash and Investments 184,178 - - - 184,178

Total Assets 429,706$ 225,627$ 261,639$ 1,079,797$ 1,996,769$

LIABILITIES, DEFERRED INFLOWS OFRESOURCES AND FUND BALANCES

Liabilities:Accounts Payable 14,015$ -$ 6,930$ -$ 20,945$ Accrued Liabilities 2,785 - - - 2,785 Advance from Other Funds - - 419,885 - 419,885 Due Other Governmental Units 11 - - - 11

Total Liabilities 16,811 - 426,815 - 443,626

Deferred Inflows of Resources:Succeeding Year's Property Taxes 225,139 - 261,639 266,664 753,442

Fund Balances:Nonspendable - 75,085 - - 75,085 Restricted 187,756 150,542 - 813,133 1,151,431 Unassigned - - (426,815) - (426,815)

Total Fund Balances 187,756 225,627 (426,815) 813,133 799,701

Total Liabilities, Deferred Inflows ofResources and Fund Balances 429,706$ 225,627$ 261,639$ 1,079,797$ 1,996,769$

Special Revenue Funds Capital Projects Funds


SCHEDULE A-2 CITY OF ALTOONA, WISCONSIN

NONMAJOR GOVERNMENTAL FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

FOR THE YEAR ENDED DECEMBER 31, 2020

(74)

TotalNonmajor


REVENUESTaxes 351,092$ -$ 249,104$ 255,146$ 855,342$ Intergovernmental 216,203 - 14,891 29,349 260,443 Public Charges for Services 2,501 - - - 2,501 Interest Income 1,802 383 - 3,884 6,069 Miscellaneous 30,307 - - - 30,307

Total Revenues 601,905 383 263,995 288,379 1,154,662

EXPENDITURESGeneral Government - - 1,990 19,065 21,055 Public Works - - 22,825 550 23,375 Culture, Recreation, and Education 578,270 - - - 578,270 Conservation and Development - 8,032 - - 8,032

Total Expenditures 578,270 8,032 24,815 19,615 630,732

EXCESS (DEFICIENCY) OF REVENUESOVER EXPENDITURES 23,635 (7,649) 239,180 268,764 523,930

OTHER FINANCING SOURCES (USES)Transfers Out - - (18,446) (163,840) (182,286)

Total Other Financing Sources (Uses) - - (18,446) (163,840) (182,286)

NET CHANGE IN FUND BALANCES 23,635 (7,649) 220,734 104,924 341,644

Fund Balance - Beginning of Year 164,121 233,276 (647,549) 708,209 458,057

FUND BALANCE - END OF YEAR 187,756$ 225,627$ (426,815)$ 813,133$ 799,701$



The City Council and Management City of Altoona Altoona, Wisconsin

In planning and performing our audit of the financial statements of the governmental activities, the business‐type activities, each major fund, and the aggregate remaining fund information of the City of Altoona as of and for the year ended December 31, 2020, in accordance with auditing standards generally accepted in the United States of America, we considered the City of Altoona’s internal control over financial reporting (internal control) as a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Organization’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Organization’s internal control.

Our consideration of internal control was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control that might be significant deficiencies or material weaknesses and, therefore, there can be no assurance that all such deficiencies have been identified. In addition, because of inherent limitations in internal control, including the possibility of management override of controls, misstatements due to error or fraud may occur and not be detected by such controls. However, as discussed below, we identified certain deficiencies in internal control that we consider to be material weaknesses.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. We consider the following deficiencies in the City’s internal control to be material weaknesses:

Material weaknesses

The following material weaknesses were identified and communicated in a prior period; remedial action has not yet been taken:

Limited Segregation of Duties

An essential part of internal control is that procedures be properly segregated and the results of their performance be adequately reviewed. This is normally accomplished by assigning duties so that 1) no one person handles a transaction from beginning to end, and 2) incompatible duties between functions are not handled by the same person. In addition, a review of these completed duties should be performed by an individual independent of those functions. The available office staff of the City precludes such a proper separation of functions. As a result, the City does not have effective controls to safeguard assets, and prevent or detect misstatements. This condition increases the possibility that errors or irregularities may occur and not be detected on a timely basis. This is not unusual in municipalities of your size, but City officials should continue to be aware of this condition and realize that the concentration of duties and responsibilities in a limited number of individuals is not desirable from a control point of view. Under these conditions, the most effective controls lie in City officials' knowledge and monitoring of matters relating to the City's operations.


The City Council and Management

City of Altoona

Page 2

Material Audit Adjustments

During the performance of our audit engagement procedures, we noted management had not adjusted all account balances to reflect appropriate year‐end balances. We understand that the City expects us to assist in the drafting of certain adjusting entries however, since the City’s control policies and procedures did not prevent or detect a material misstatement of the financial statements, we concluded there is a significant control deficiency in the City’s control policies and procedures required to be reported under professional standards. The absence of a complete control procedure or process in this area increases the possibility that material misstatement of the financial statements could occur and not be prevented or detected on a timely basis.

Internal Control over the Financial Reporting Process

Management is responsible for establishing and maintaining internal controls, including monitoring, and for the fair presentation of the financial statements. While it is acceptable to outsource various accounting functions, the responsibility for internal control cannot be outsourced. The City of Altoona engages CLA to assist in preparing its financial statements and accompanying disclosures. However, as independent auditors, CLA cannot be considered part of the entity’s internal control system. This condition increases the possibility that misstatements in the financial statements may occur and not be identified and corrected on a timely basis. Such accounting functions and service providers should be governed by the control policies and procedures of the City of Altoona. Management is as responsible for outsourced functions performed by a service provider as it is for its own personnel. Management is also responsible for management decisions and functions; for designating an individual with suitable skill, knowledge, or experience to oversee any outsourced services; and for evaluating the adequacy and results of those services and accepting responsibility for them. Management reviewed, approved, and accepted responsibility for the financial statements prior to their issuance.

We understand this material weakness is already known to management and represents a conscious decision by management and the City Council to accept that degree of risk because of cost or other considerations. We acknowledge the fact that management is responsible for making decisions concerning costs and the related benefits. We are responsible to communicate significant deficiencies and material weaknesses in accordance with professional standards regardless of management’s decisions to ensure that the City Council is aware of this situation.


The City Council and Management

City of Altoona

Page 3

This communication is intended solely for the information and use of management, City Council, and others within the entity, and is not intended to be, and should not be, used by anyone other than these specified parties.




The City Council City of Altoona Altoona, Wisconsin

Members:

We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Altoona for the year ended December 31, 2020, and have issued our report thereon dated July 29, 2021. We have previously communicated to you information about our responsibilities under auditing standards generally accepted in the United States of America, as well as certain information related to the planned scope and timing of our audit. Professional standards also require that we communicate to you the following information related to our audit.

Significant audit findings

Qualitative aspects of accounting practices

Accounting Policies Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City of Altoona are described in Note 1 to the financial statements.

We noted no transactions entered into by the City during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Accounting estimates

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the financial statements were:

Management’s estimated useful lives and related depreciation of capital assets is based on authoritative guidance and historical trend analysis.

Management’s estimate of actuarial assumptions are used by the actuary are outlined in notes to the basic financial statements for pension and other postemployment benefit items.

We evaluated the key factors and assumptions used to develop the estimates above in determining that they are reasonable in relation to the financial statements taken as a whole.


City Council City of Altoona

Financial statement disclosures

Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. There were no particularly sensitive financial statement disclosures.

The financial statement disclosures are neutral, consistent, and clear.

Difficulties encountered in performing the audit

We encountered no significant difficulties in dealing with management in performing and completing our audit.

Uncorrected misstatements

Professional standards require us to accumulate all misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. Management did not identify and we did not notify them of any uncorrected financial statement misstatements, except as follows:

Governmental Activities: Understatement of beginning net position by $35,287 due to the full compensated absences liability being recorded to governmental activities instead of partially allocated to business-type activities in the prior year. There is also an overstatement of OPEB liability by $153,200, understatement of beginning net position by $109,908 and overstatement of expenditures by $43,292 due to the full OPEB liability being recorded to governmental activities instead of partially allocated to business-type activities.

Business-Type Activities: Overstatement of regulated liability by $42,949 and understatement of beginning net position by $57,266 associated with booking this liability which is not proper GAAP. In addition, there is an offsetting understatement of OPEB liability by $153,200, overstatement of beginning net position by $109,908 and understatement of expenses by $43,292 due to the full OPEB liability being recorded to governmental activities instead of partially allocated to business-type activities. There is also an overstatement of beginning net position by $35,287 due to the full compensated absences liability being recorded to governmental activities instead of partially allocated to business-type activities in the prior year.

Water Fund: Overstatement of regulated liability by $42,949, understatement of beginning net position by $57,266 and understatement of expenses by $14,317 associated with booking this liability which is not proper GAAP. In addition, there is an offsetting understatement of OPEB liability by $103,460, overstatement of beginning net position by $74,224 and understatement of expenses by $29,236 due to the full OPEB liability being recorded to governmental activities instead of partially allocated to business-type activities. There is also an overstatement of beginning net position by $28,855 due to the full compensated absences liability being recorded to governmental activities instead of partially allocated to business-type activities in the prior year.

Sewer Fund: Understatement of OPEB liability by $39,792 and overstatement of beginning net position by $28,548 and understatement of expenses by $11,244 due to the full OPEB liability being recorded to governmental activities instead of partially allocated to business-type activities.



Storm Water Fund: Understatement of OPEB liability by $9,948 and overstatement of beginning net position by $7,137 due to full OPEB liability being recorded to governmental activities instead of partially allocated to business-type activities.

Corrected misstatements

The following material and immaterial misstatements detected as a result of audit procedures that were corrected by management:

- Adjust long-term debt transactions, adjust accounts payable, adjust grant receivable, record amortization and depreciation, adjust capital assets, record joint meter allocation, adjust pension and OPEB accounts, adjust accrued compensated absences, record contributed capital, record transfers, and adjust net position.

There was prior period adjustment made to record land for resale on the governmental fund statements. See footnote 11.

Disagreements with management

For purposes of this letter, professional standards define a disagreement with management as a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditors’ report. We are pleased to report that no such disagreements arose during the course of our audit.

Management representations

We have requested certain representations from management that are included in the management representation letter dated July 29, 2021.

Management consultations with other independent accountants

In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the City’s financial statements or a determination of the type of auditors’ opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants.

Significant issues discussed with management prior to engagement We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to engagement as the entity’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our engagement.

Significant findings or issues that were discussed, or the subject of correspondence, with management

We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year. The following summarizes the significant findings or issues arising from the audit that were discussed, or the subject of correspondence, with management:

CliftonLarsonAllen LLP prepared financial statements, lack of segregation of duties, and material audit adjustments



Other audit findings or issues

We have provided a separate letter to you dated July 29, 2021, communicating internal control related matters identified during the audit.

Other information in documents containing audited financial statements

With respect to the required supplementary information (RSI) accompanying the financial statements, we made certain inquiries of management about the methods of preparing the RSI, including whether the RSI has been measured and presented in accordance with prescribed guidelines, whether the methods of measurement and preparation have been changed from the prior period and the reasons for any such changes, and whether there were any significant assumptions or interpretations underlying the measurement or presentation of the RSI. We compared the RSI for consistency with management’s responses to the foregoing inquiries, the basic financial statements, and other knowledge obtained during the audit of the basic financial statements. Because these limited procedures do not provide sufficient evidence, we did not express an opinion or provide any assurance on the RSI.

With respect to the combining and individual fund statements (collectively, the supplementary information) accompanying the financial statements, on which we were engaged to report in relation to the financial statements as a whole, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period or the reasons for such changes, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves. We have issued our report thereon dated July 29, 2021.

Our auditors’ opinion, the audited financial statements, and the notes to financial statements should only be used in their entirety. Inclusion of the audited financial statements in a document you prepare, such as an annual report, should be done only with our prior approval and review of the document.

This report is intended solely for the use of the City Council and management of the City of Altoona and is not intended to be and should not be used by anyone other than these specified parties.





MEMORANDUM








(IX) NEW BUSINESS

ITEM 2 - Discuss/consider approval of Resolution 8D-21 Authorizing the Issuance and Sale of

$6,680,000 General Obligation Promissory Notes, Series 2021B.

This resolution accepts the best bid for the G.O. Promissory Notes, Series 2021B and secures the

proposed term for a closing on the notes. The Notes are being issued to provide financing for 2021

General Fund and Water, Sewer and Stormwater Utilities 2021 Capital Projects and refund certain

obligations of the City that will allow the City to save on interest cost. Sean Lentz, from Ehlers will be

present and go over the Sale Day Report. The resolution is being prepared by our Bond Council Quarles

and Brady LLP. and will be forthcoming. Also forthcoming will be the Preliminary Official Statement.

This document is used for the purpose of disclosing information regarding the Notes to prospective

underwriters in the interest of receiving competitive proposals.

Suggested motion: I move to approve/not approve Resolution 8D-21, a resolution providing for the

approval of the $6,680,000 General Obligation Promissory Notes, Series 2021B.


Return to Agenda >>


QB\69620126.1

RESOLUTION NO. 8D-21_____

RESOLUTION AUTHORIZING THE ISSUANCE AND SALE

OF $6,680,000 GENERAL OBLIGATION PROMISSORY

NOTES, SERIES 2021B

WHEREAS the Common Council of the City of Altoona, Eau Claire County, Wisconsin

(the "City") hereby determines that it is necessary, desirable and in the best interests of the City

to raise funds for public purposes, including paying the cost of 2021 capital projects such as

street improvements, police equipment, park projects, forestry projects, public works

projects/equipment, water system improvements/equipment and sewer system

improvements/equipment (collectively, the "Project") and refunding the General Obligation

Promissory Note, Series 2019A, dated January 30, 2019 (the "2019A Notes") and the General

Obligation Promissory Note, Series 2019B, dated April 1, 2019 (the "2019B Notes" and,

collectively, with the 2019A Notes, the "Refunded Obligations") (the "Refunding");

WHEREAS, the Common Council deems it to be necessary, desirable and in the best

interest of the City to refund the Refunded Obligations for the purpose of achieving debt service

savings;

WHEREAS, the City is authorized by the provisions of Section 67.12(12), Wisconsin

Statutes, to borrow money and issue general obligation promissory notes for such public

purposes and to refinance its outstanding obligations;

WHEREAS, the City has directed Ehlers & Associates, Inc. ("Ehlers") to take the steps

necessary to sell a general obligation promissory note (the "Notes) to pay the cost of the Project

and the Refunding;

WHEREAS, Ehlers, in consultation with the officials of the City, prepared a Notice of

Sale (a copy of which is attached hereto as Exhibit A and incorporated herein by this reference)

setting forth the details of and the bid requirements for the Notes and indicating that the Notes

would be offered for public sale on August 26, 2021;

WHEREAS, the City Clerk (in consultation with Ehlers) caused a form of notice of the

sale to be published and/or announced and caused the Notice of Sale to be distributed to potential

bidders offering the Notes for public sale on August 26, 2021;

WHEREAS, the City has duly received bids for the Notes as described on the Bid

Tabulation attached hereto as Exhibit B and incorporated herein by this reference (the "Bid

Tabulation"); and

WHEREAS, it has been determined that the bid proposal (the "Proposal") submitted by

the financial institution listed first on the Bid Tabulation fully complies with the bid

requirements set forth in the Notice of Sale and is deemed to be the most advantageous to the

City. Ehlers has recommended that the City accept the Proposal. A copy of said Proposal

submitted by such institution (the "Purchaser") is attached hereto as Exhibit C and incorporated

herein by this reference.


QB\69620126.1

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NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City that:

Section 1. Ratification of the Notice of Sale and Offering Materials. The Common

Council hereby ratifies and approves the details of the Notes set forth in Exhibit A attached

hereto as and for the details of the Notes. The Notice of Sale and any other offering materials

prepared and circulated by Ehlers are hereby ratified and approved in all respects. All actions

taken by officers of the City and Ehlers in connection with the preparation and distribution of the

Notice of Sale, and any other offering materials are hereby ratified and approved in all respects.

Section 1A. Authorization and Award of the Notes. For the purpose of paying the cost

of the Project and the Refunding, there shall be borrowed pursuant to Section 67.12(12),

Wisconsin Statutes, the principal sum of SIX MILLION SIX HUNDRED EIGHTY

THOUSAND DOLLARS ($6,680,000) from the Purchaser in accordance with the terms and

conditions of the Proposal. The Proposal of the Purchaser offering to purchase the Notes for the

sum set forth on the Proposal, plus accrued interest to the date of delivery, resulting in a true

interest cost as set forth on the Proposal, is hereby accepted. The Mayor and City Clerk or other

appropriate officers of the City are authorized and directed to execute an acceptance of the

Proposal on behalf of the City. The good faith deposit of the Purchaser shall be applied in

accordance with the Notice of Sale, and any good faith deposits submitted by unsuccessful

bidders shall be promptly returned. The Notes shall bear interest at the rates set forth on the

Proposal.

Section 2. Terms of the Notes. The Notes shall be designated "General Obligation

Promissory Notes, Series 2021B"; shall be issued in the aggregate principal amount of

$6,680,000; shall be dated September 15, 2021; shall be in the denomination of $5,000 or any

integral multiple thereof; shall be numbered R-1 and upward; and shall bear interest at the rates

per annum and mature on the dates and in the years and principal amounts as set forth on the

Pricing Summary attached hereto as Exhibit D-1 and incorporated herein by this reference.

Interest shall be payable semi-annually on April 1 and October 1 of each year commencing on

April 1, 2022. Interest shall be computed upon the basis of a 360-day year of twelve 30-day

months and will be rounded pursuant to the rules of the Municipal Securities Rulemaking Board.

The schedule of principal and interest payments due on the Notes is set forth on the Debt Service

Schedule attached hereto as Exhibit D-2 and incorporated herein by this reference (the

"Schedule").

Section 3. Redemption Provisions. The Notes maturing on October 1, 2028 and

thereafter are subject to redemption prior to maturity, at the option of the City, on October 1,

2027 or on any date thereafter. Said Notes are redeemable as a whole or in part, and if in part,

from maturities selected by the City, and within each maturity by lot, at the principal amount

thereof, plus accrued interest to the date of redemption.

[If the Proposal specifies that any of the Notes are subject to mandatory redemption, the

terms of such mandatory redemption shall be set forth on an attachment hereto as Exhibit MRP

and incorporated herein by this reference. Upon the optional redemption of any of the Notes

subject to mandatory redemption, the principal amount of such Notes so redeemed shall be


QB\69620126.1

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credited against the mandatory redemption payments established in Exhibit MRP for such Notes

in such manner as the City shall direct.]

Section 4. Form of the Notes. The Notes shall be issued in registered form and shall be

executed and delivered in substantially the form attached hereto as Exhibit E and incorporated

herein by this reference.

Section 5. Tax Provisions.

(A) Direct Annual Irrepealable Tax Levy. For the purpose of paying the

principal of and interest on the Notes as the same becomes due, the full faith, credit and

resources of the City are hereby irrevocably pledged, and there is hereby levied upon all of the

taxable property of the City a direct annual irrepealable tax in the years 2021 through 2030 for

the payments due in the years 2022 through 2031 in the amounts set forth on the Schedule.

(B) Tax Collection. So long as any part of the principal of or interest on the

Notes remains unpaid, the City shall be and continue without power to repeal such levy or

obstruct the collection of said tax until all such payments have been made or provided for. After

the issuance of the Notes, said tax shall be, from year to year, carried onto the tax roll of the City

and collected in addition to all other taxes and in the same manner and at the same time as other

taxes of the City for said years are collected, except that the amount of tax carried onto the tax

roll may be reduced in any year by the amount of any surplus money in the Debt Service Fund

Account created below.

(C) Additional Funds. If at any time there shall be on hand insufficient funds

from the aforesaid tax levy to meet principal and/or interest payments on said Notes when due,

the requisite amounts shall be paid from other funds of the City then available, which sums shall

be replaced upon the collection of the taxes herein levied.

Section 6. Segregated Debt Service Fund Account.

(A) Creation and Deposits. There be and there hereby is established in the

treasury of the City, if one has not already been created, a debt service fund, separate and distinct

from every other fund, which shall be maintained in accordance with generally accepted

accounting principles. Debt service or sinking funds established for obligations previously

issued by the City may be considered as separate and distinct accounts within the debt service

fund.

Within the debt service fund, there hereby is established a separate and distinct account

designated as the "Debt Service Fund Account for General Obligation Promissory Notes, Series

2021B" (the "Debt Service Fund Account") and such account shall be maintained until the

indebtedness evidenced by the Notes is fully paid or otherwise extinguished. There shall be

deposited into the Debt Service Fund Account (i) all accrued interest received by the City at the

time of delivery of and payment for the Notes; (ii) any premium not used for the Refunding

which may be received by the City above the par value of the Notes and accrued interest thereon;

(iii) all money raised by the taxes herein levied and any amounts appropriated for the specific

purpose of meeting principal of and interest on the Notes when due; (iv) such other sums as may


QB\69620126.1

-4-

be necessary at any time to pay principal of and interest on the Notes when due; (v) surplus

monies in the Borrowed Money Fund as specified below; and (vi) such further deposits as may

be required by Section 67.11, Wisconsin Statutes.

(B) Use and Investment. No money shall be withdrawn from the Debt Service

Fund Account and appropriated for any purpose other than the payment of principal of and

interest on the Notes until all such principal and interest has been paid in full and the Notes

canceled; provided (i) the funds to provide for each payment of principal of and interest on the

Notes prior to the scheduled receipt of taxes from the next succeeding tax collection may be

invested in direct obligations of the United States of America maturing in time to make such

payments when they are due or in other investments permitted by law; and (ii) any funds over

and above the amount of such principal and interest payments on the Notes may be used to

reduce the next succeeding tax levy, or may, at the option of the City, be invested by purchasing

the Notes as permitted by and subject to Section 67.11(2)(a), Wisconsin Statutes, or in permitted

municipal investments under the pertinent provisions of the Wisconsin Statutes ("Permitted

Investments"), which investments shall continue to be a part of the Debt Service Fund Account.

Any investment of the Debt Service Fund Account shall at all times conform with the provisions

of the Internal Revenue Code of 1986, as amended (the "Code") and any applicable Treasury

Regulations (the "Regulations").

(C) Remaining Monies. When all of the Notes have been paid in full and

canceled, and all Permitted Investments disposed of, any money remaining in the Debt Service

Fund Account shall be transferred and deposited in the general fund of the City, unless the

Common Council directs otherwise.

Section 7. Proceeds of the Notes; Segregated Borrowed Money Fund. The proceeds of

the Notes (the "Note Proceeds") (other than any premium not used for the Refunding and accrued

interest which must be paid at the time of the delivery of the Notes into the Debt Service Fund

Account created above) shall be deposited into a special fund (the "Borrowed Money Fund")

separate and distinct from all other funds of the City and disbursed solely for the purpose or

purposes for which borrowed. Monies in the Borrowed Money Fund may be temporarily

invested in Permitted Investments. Any monies, including any income from Permitted

Investments, remaining in the Borrowed Money Fund after the purpose or purposes for which the

Notes have been issued have been accomplished, and, at any time, any monies as are not needed

and which obviously thereafter cannot be needed for such purpose(s) shall be deposited in the

Debt Service Fund Account.

Section 8. No Arbitrage. All investments made pursuant to this Resolution shall be

Permitted Investments, but no such investment shall be made in such a manner as would cause

the Notes to be "arbitrage bonds" within the meaning of Section 148 of the Code or the

Regulations and an officer of the City, charged with the responsibility for issuing the Notes, shall

certify as to facts, estimates, circumstances and reasonable expectations in existence on the date

of delivery of the Notes to the Purchaser which will permit the conclusion that the Notes are not

"arbitrage bonds," within the meaning of the Code or Regulations.

Section 9. Compliance with Federal Tax Laws. (a) The City represents and covenants

that the projects financed by the Notes and by the Refunded Obligations and the ownership,


QB\69620126.1

-5-

management and use of the projects will not cause the Notes and the Refunded Obligations to be

"private activity bonds" within the meaning of Section 141 of the Code. The City further

covenants that it shall comply with the provisions of the Code to the extent necessary to maintain

the tax-exempt status of the interest on the Notes including, if applicable, the rebate requirements

of Section 148(f) of the Code. The City further covenants that it will not take any action, omit to

take any action or permit the taking or omission of any action within its control (including,

without limitation, making or permitting any use of the proceeds of the Notes) if taking,

permitting or omitting to take such action would cause any of the Notes to be an arbitrage bond

or a private activity bond within the meaning of the Code or would otherwise cause interest on

the Notes to be included in the gross income of the recipients thereof for federal income tax

purposes. The City Clerk or other officer of the City charged with the responsibility of issuing

the Notes shall provide an appropriate certificate of the City certifying that the City can and

covenanting that it will comply with the provisions of the Code and Regulations.

(b) The City also covenants to use its best efforts to meet the requirements and

restrictions of any different or additional federal legislation which may be made applicable to the

Notes provided that in meeting such requirements the City will do so only to the extent

consistent with the proceedings authorizing the Notes and the laws of the State of Wisconsin and

to the extent that there is a reasonable period of time in which to comply.

Section 10. Qualified Tax-Exempt Obligations. $3,089,731.00 of the Notes are deemed

designated as "qualified tax-exempt obligations" pursuant to the provisions of Section

265(b)(3)(D)(ii) of the Code and the balance of the Notes are designated "qualified tax-exempt

obligations" pursuant to Section 265(b)(3) of the Code and in support of such designation, an

officer of the City charged with the responsibility for issuing the Notes, shall provide an

appropriate certificate of the City, all as of the Closing.

Section 11. Execution of the Notes; Closing; Professional Services. The Notes shall be

issued in printed form, executed on behalf of the City by the manual or facsimile signatures of

the Mayor and City Clerk, authenticated, if required, by the Fiscal Agent (defined below), sealed

with its official or corporate seal, if any, or a facsimile thereof, and delivered to the Purchaser

upon payment to the City of the purchase price thereof, plus accrued interest to the date of

delivery (the "Closing"). The facsimile signature of either of the officers executing the Notes

may be imprinted on the Notes in lieu of the manual signature of the officer but, unless the City

has contracted with a fiscal agent to authenticate the Notes, at least one of the signatures

appearing on each Note shall be a manual signature. In the event that either of the officers

whose signatures appear on the Notes shall cease to be such officers before the Closing, such

signatures shall, nevertheless, be valid and sufficient for all purposes to the same extent as if they

had remained in office until the Closing. The aforesaid officers are hereby authorized and

directed to do all acts and execute and deliver the Notes and all such documents, certificates and

acknowledgements as may be necessary and convenient to effectuate the Closing. The City

hereby authorizes the officers and agents of the City to enter into, on its behalf, agreements and

contracts in conjunction with the Notes, including but not limited to agreements and contracts for

legal, trust, fiscal agency, disclosure and continuing disclosure, and rebate calculation services.

Any such contract heretofore entered into in conjunction with the issuance of the Notes is hereby

ratified and approved in all respects.


QB\69620126.1

-6-

Section 12. Payment of the Notes; Fiscal Agent. The principal of and interest on the

Notes shall be paid by Bond Trust Services Corporation, Roseville, Minnesota, which is hereby

appointed as the City's registrar and fiscal agent pursuant to the provisions of Section 67.10(2),

Wisconsin Statutes (the "Fiscal Agent"). The City hereby authorizes the Mayor and City Clerk

or other appropriate officers of the City to enter a Fiscal Agency Agreement between the City

and the Fiscal Agent. Such contract may provide, among other things, for the performance by

the Fiscal Agent of the functions listed in Wis. Stats. Sec. 67.10(2)(a) to (j), where applicable,

with respect to the Notes.

Section 13. Persons Treated as Owners; Transfer of Notes. The City shall cause books

for the registration and for the transfer of the Notes to be kept by the Fiscal Agent. The person in

whose name any Note shall be registered shall be deemed and regarded as the absolute owner

thereof for all purposes and payment of either principal or interest on any Note shall be made

only to the registered owner thereof. All such payments shall be valid and effectual to satisfy

and discharge the liability upon such Note to the extent of the sum or sums so paid.

Any Note may be transferred by the registered owner thereof by surrender of the Note at

the office of the Fiscal Agent, duly endorsed for the transfer or accompanied by an assignment

duly executed by the registered owner or his attorney duly authorized in writing. Upon such

transfer, the Mayor and City Clerk shall execute and deliver in the name of the transferee or

transferees a new Note or Notes of a like aggregate principal amount, series and maturity and the

Fiscal Agent shall record the name of each transferee in the registration book. No registration

shall be made to bearer. The Fiscal Agent shall cancel any Note surrendered for transfer.

The City shall cooperate in any such transfer, and the Mayor and City Clerk are

authorized to execute any new Note or Notes necessary to effect any such transfer.

Section 14. Record Date. The 15th day of the calendar month next preceding each

interest payment date shall be the record date for the Notes (the "Record Date"). Payment of

interest on the Notes on any interest payment date shall be made to the registered owners of the

Notes as they appear on the registration book of the City at the close of business on the Record

Date.

Section 15. Utilization of The Depository Trust Company Book-Entry-Only System. In

order to make the Notes eligible for the services provided by The Depository Trust Company,

New York, New York ("DTC"), the City agrees to the applicable provisions set forth in the

Blanket Issuer Letter of Representations, which the City Clerk or other authorized representative

of the City is authorized and directed to execute and deliver to DTC on behalf of the City to the

extent an effective Blanket Issuer Letter of Representations is not presently on file in the City

Clerk's office.

Section 16. Payment of Issuance Expenses. The City authorizes the Purchaser to

forward the amount of the proceeds of the Notes allocable to the payment of issuance expenses

to a financial institution to be selected by Ehlers at Closing for further distribution as directed by

Ehlers.


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Section 17. Official Statement. The Common Council hereby approves the Preliminary

Official Statement with respect to the Notes and deems the Preliminary Official Statement as

"final" as of its date for purposes of SEC Rule 15c2-12 promulgated by the Securities and

Exchange Commission pursuant to the Securities and Exchange Act of 1934 (the "Rule"). All

actions taken by officers of the City in connection with the preparation of such Preliminary

Official Statement and any addenda to it or final Official Statement are hereby ratified and

approved. In connection with the Closing, the appropriate City official shall certify the

Preliminary Official Statement and any addenda or final Official Statement. The City Clerk shall

cause copies of the Preliminary Official Statement and any addenda or final Official Statement to

be distributed to the Purchaser.

Section 18. Undertaking to Provide Continuing Disclosure. The City hereby covenants

and agrees, for the benefit of the owners of the Notes, to enter into a written undertaking (the

"Undertaking") if required by the Rule to provide continuing disclosure of certain financial

information and operating data and timely notices of the occurrence of certain events in

accordance with the Rule. The Undertaking shall be enforceable by the owners of the Notes or

by the Purchaser on behalf of such owners (provided that the rights of the owners and the

Purchaser to enforce the Undertaking shall be limited to a right to obtain specific performance of

the obligations thereunder and any failure by the City to comply with the provisions of the

Undertaking shall not be an event of default with respect to the Notes).

To the extent required under the Rule, the Mayor and City Clerk, or other officer of the

City charged with the responsibility for issuing the Notes, shall provide a Continuing Disclosure

Certificate for inclusion in the transcript of proceedings, setting forth the details and terms of the

City's Undertaking.

Section 19. Redemption of the Refunded Obligations. The Refunded Obligations are

hereby called for prior payment and redemption on September 16, 2021, or as soon as

administratively possible thereafter, at a price of par plus accrued interest to the date of

redemption.

The City hereby directs the City Clerk to take all actions necessary for the redemption of

the Refunded Obligations on their redemption date. Any and all actions heretofore taken by the

officers and agents of the City to effectuate the redemption of the Refunded Obligations are

hereby ratified and approved.

Section 20. Record Book. The City Clerk shall provide and keep the transcript of

proceedings as a separate record book (the "Record Book") and shall record a full and correct

statement of every step or proceeding had or taken in the course of authorizing and issuing the

Notes in the Record Book.

Section 21. Bond Insurance. If the Purchaser determines to obtain municipal bond

insurance with respect to the Notes, the officers of the City are authorized to take all actions

necessary to obtain such municipal bond insurance. The Mayor and City Clerk are authorized to

agree to such additional provisions as the bond insurer may reasonably request and which are

acceptable to the Mayor and City Clerk including provisions regarding restrictions on investment


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of Note proceeds, the payment procedure under the municipal bond insurance policy, the rights

of the bond insurer in the event of default and payment of the Notes by the bond insurer and

notices to be given to the bond insurer. In addition, any reference required by the bond insurer to

the municipal bond insurance policy shall be made in the form of Note provided herein.

Section 22. Conflicting Resolutions; Severability; Effective Date. All prior resolutions,

rules or other actions of the Common Council or any parts thereof in conflict with the provisions

hereof shall be, and the same are, hereby rescinded insofar as the same may so conflict. In the

event that any one or more provisions hereof shall for any reason be held to be illegal or invalid,

such illegality or invalidity shall not affect any other provisions hereof. The foregoing shall take

effect immediately upon adoption and approval in the manner provided by law.

Adopted, approved and recorded August 26, 2021.

_____________________________

Brendan Pratt

Mayor

ATTEST:

____________________________

Cynthia M. Bauer

City Clerk

(SEAL)


QB\69620126.1

EXHIBIT A

Notice of Sale

To be provided by Ehlers & Associates, Inc. and incorporated into the Resolution.

(See Attached)


QB\69620126.1

EXHIBIT B

Bid Tabulation


(See Attached)


QB\69620126.1

EXHIBIT C

Winning Bid


(See Attached)


QB\69620126.1

EXHIBIT D-1

Pricing Summary


(See Attached)


QB\69620126.1

EXHIBIT D-2

Debt Service Schedule and Irrepealable Tax Levies


(See Attached)


QB\69620126.1

[EXHIBIT MRP

Mandatory Redemption Provision

The Notes due on ________, ____, ____ and ____ (the "Term Bonds") are subject to

mandatory redemption prior to maturity by lot (as selected by the Depository) at a redemption

price equal to One Hundred Percent (100%) of the principal amount to be redeemed plus accrued

interest to the date of redemption, from debt service fund deposits which are required to be made

in amounts sufficient to redeem on the dates set forth below the respective amount of Term

Bonds specified below:

For the Term Bonds Maturing on

Redemption

Date Amount

____ $______

____ ______

____ ______ (maturity)


Redemption

Date Amount

____ $______

____ ______

____ ______ (maturity)


Redemption

Date Amount

____ $______

____ ______

____ ______ (maturity)


Redemption

Date Amount

____ $______

____ ______

____ ______ (maturity)]


QB\69620126.1

EXHIBIT E

(Form of Note)

UNITED STATES OF AMERICA

REGISTERED STATE OF WISCONSIN DOLLARS

EAU CLAIRE COUNTY

NO. R-___ CITY OF ALTOONA $_______

GENERAL OBLIGATION PROMISSORY NOTE, SERIES 2021B

MATURITY DATE: ORIGINAL DATE OF ISSUE: INTEREST RATE: CUSIP:

________, _____ September 15, 2021 ____% ______

DEPOSITORY OR ITS NOMINEE NAME: CEDE & CO.

PRINCIPAL AMOUNT: _______________________ THOUSAND DOLLARS

($__________)

FOR VALUE RECEIVED, the City of Altoona, Eau Claire County, Wisconsin (the

"City"), hereby acknowledges itself to owe and promises to pay to the Depository or its Nominee

Name (the "Depository") identified above (or to registered assigns), on the maturity date

identified above, the principal amount identified above, and to pay interest thereon at the rate of

interest per annum identified above, all subject to the provisions set forth herein regarding

redemption prior to maturity. Interest shall be payable semi-annually on April 1 and October 1

of each year commencing on April 1, 2022 until the aforesaid principal amount is paid in full.

Both the principal of and interest on this Note are payable to the registered owner in lawful

money of the United States. Interest payable on any interest payment date shall be paid by wire

transfer to the Depository in whose name this Note is registered on the Bond Register maintained

by Bond Trust Services Corporation, Roseville, Minnesota (the "Fiscal Agent") or any successor

thereto at the close of business on the 15th day of the calendar month next preceding each

interest payment date (the "Record Date"). This Note is payable as to principal upon

presentation and surrender hereof at the office of the Fiscal Agent.

For the prompt payment of this Note together with interest hereon as aforesaid and for the

levy of taxes sufficient for that purpose, the full faith, credit and resources of the City are hereby

irrevocably pledged.

This Note is one of an issue of Notes aggregating the principal amount of $___________,

all of which are of like tenor, except as to denomination, interest rate, maturity date and

redemption provision, issued by the City pursuant to the provisions of Section 67.12(12),

Wisconsin Statutes, for public purposes including paying the cost of 2021 capital projects

including street improvements, police equipment, park projects, forestry projects, public works

projects/equipment, water system improvements/equipment and sewer system


QB\69620126.1

2

improvements/equipment and refunding certain obligations of the City, as authorized by a

resolution adopted on August 26, 2021. Said resolution is recorded in the official minutes of the

Common Council for said date.

The Notes maturing on October 1, 2028 and thereafter are subject to redemption prior to

maturity, at the option of the City, on October 1, 2027 or on any date thereafter. Said Notes are

redeemable as a whole or in part, and if in part, from maturities selected by the City, and within

each maturity by lot (as selected by the Depository), at the principal amount thereof, plus

accrued interest to the date of redemption.

[The Notes maturing in the years ________ are subject to mandatory redemption by lot

as provided in the resolution referred to above, at the redemption price of par plus accrued

interest to the date of redemption and without premium.]

In the event the Notes are redeemed prior to maturity, as long as the Notes are in

book-entry-only form, official notice of the redemption will be given by mailing a notice by

registered or certified mail, overnight express delivery, facsimile transmission, electronic

transmission or in any other manner required by the Depository, to the Depository not less than

thirty (30) days nor more than sixty (60) days prior to the redemption date. If less than all of the

Notes of a maturity are to be called for redemption, the Notes of such maturity to be redeemed

will be selected by lot. Such notice will include but not be limited to the following: the

designation, date and maturities of the Notes called for redemption, CUSIP numbers, and the

date of redemption. Any notice provided as described herein shall be conclusively presumed to

have been duly given, whether or not the registered owner receives the notice. The Notes shall

cease to bear interest on the specified redemption date provided that federal or other immediately

available funds sufficient for such redemption are on deposit at the office of the Depository at

that time. Upon such deposit of funds for redemption the Notes shall no longer be deemed to be

outstanding.

It is hereby certified and recited that all conditions, things and acts required by law to

exist or to be done prior to and in connection with the issuance of this Note have been done, have

existed and have been performed in due form and time; that the aggregate indebtedness of the

City, including this Note and others issued simultaneously herewith, does not exceed any

limitation imposed by law or the Constitution of the State of Wisconsin; and that a direct annual

irrepealable tax has been levied sufficient to pay this Note, together with the interest thereon,

when and as payable.

This Note is a "qualified tax-exempt obligation" pursuant to the provisions of Section

265(b)(3) of the Internal Revenue Code of 1986, as amended.

This Note is transferable only upon the books of the City kept for that purpose at the

office of the Fiscal Agent, only in the event that the Depository does not continue to act as

depository for the Notes, and the City appoints another depository, upon surrender of the Note to

the Fiscal Agent, by the registered owner in person or his duly authorized attorney, together with


QB\69620126.1

3

a written instrument of transfer (which may be endorsed hereon) satisfactory to the Fiscal Agent

duly executed by the registered owner or his duly authorized attorney. Thereupon a new fully

registered Note in the same aggregate principal amount shall be issued to the new depository in

exchange therefor and upon the payment of a charge sufficient to reimburse the City for any tax,

fee or other governmental charge required to be paid with respect to such registration. The

Fiscal Agent shall not be obliged to make any transfer of the Notes (i) after the Record Date, (ii)

during the fifteen (15) calendar days preceding the date of any publication of notice of any

proposed redemption of the Notes, or (iii) with respect to any particular Note, after such Note has

been called for redemption. The Fiscal Agent and City may treat and consider the Depository in

whose name this Note is registered as the absolute owner hereof for the purpose of receiving

payment of, or on account of, the principal or redemption price hereof and interest due hereon

and for all other purposes whatsoever. The Notes are issuable solely as negotiable, fully-

registered Notes without coupons in the denomination of $5,000 or any integral multiple thereof.

This Note shall not be valid or obligatory for any purpose until the Certificate of

Authentication hereon shall have been signed by the Fiscal Agent.

No delay or omission on the part of the owner hereof to exercise any right hereunder shall

impair such right or be considered as a waiver thereof or as a waiver of or acquiescence in any

default hereunder.

IN WITNESS WHEREOF, the City of Altoona, Eau Claire County, Wisconsin, by its

governing body, has caused this Note to be executed for it and in its name by the manual or

facsimile signatures of its duly qualified Mayor and City Clerk; and to be sealed with its official

or corporate seal, if any, all as of the original date of issue specified above.

CITY OF ALTOONA

EAU CLAIRE COUNTY, WISCONSIN

By: ______________________________

Brendan Pratt

Mayor

(SEAL)

By: ______________________________

Cynthia M. Bauer

City Clerk


QB\69620126.1

4

Date of Authentication: _______________, ______

CERTIFICATE OF AUTHENTICATION

This Note is one of the Notes of the issue authorized by the within-mentioned resolution

of the City of Altoona, Eau Claire County, Wisconsin.

BOND TRUST SERVICES CORPORATION

ROSEVILLE, MINNESOTA

By____________________________

Authorized Signatory


QB\69620126.1

5

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto

____________________________________________________________________________

(Name and Address of Assignee)

____________________________________________________________________________

(Social Security or other Identifying Number of Assignee)

the within Note and all rights thereunder and hereby irrevocably constitutes and appoints

______________________________________, Legal Representative, to transfer said Note on

the books kept for registration thereof, with full power of substitution in the premises.

Dated: _____________________

Signature Guaranteed:

_____________________________ ________________________________

(e.g. Bank, Trust Company (Depository or Nominee Name)

or Securities Firm)

NOTICE: This signature must correspond with the

name of the Depository or Nominee Name as it

appears upon the face of the within Note in every

particular, without alteration or enlargement or any

change whatever.

____________________________

(Authorized Officer)


ADDENDUM DATED AUGUST 23, 2021TO PRELIMINARY OFFICIAL STATEMENT DATED AUGUST 20, 2021

New Issue Rating Application Made: S&P Global Ratings

CITY OF ALTOONA, WISCONSIN(Eau Claire County)

$6,680,000* GENERAL OBLIGATION PROMISSORY NOTES, SERIES 2021B

BID OPENING: August 26, 2021, 10:00 A.M., C.T.CONSIDERATION: August 26, 2021, 6:00 P.M., C.T.

A max bid has been added to the Notes. Following is the revised Preliminary Official Statement.


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In the opinion of Quarles & Brady LLP, Bond Counsel, assuming continued compliance with the requirements of the Internal Revenue Code of 1986, as amended, underexisting law interest on the Notes is excludable from gross income and is not an item of tax preference for federal income tax purposes. See "TAX EXEMPTION" hereinfor a more detailed discussion of some of the federal income tax consequences of owning the Notes. The interest on the Notes is not exempt from present Wisconsin incomeor franchise taxes.

The Notes are "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended, relating to the ability of financialinstitutions to deduct from income for federal income tax purposes, interest expense that is allocable to carrying and acquiring tax-exempt obligations.

New Issue Rating Application Made: S&P Global Ratings

CITY OF ALTOONA, WISCONSIN(Eau Claire County)

$6,680,000* GENERAL OBLIGATION PROMISSORY NOTES, SERIES 2021B

BID OPENING: August 26, 2021, 10:00 A.M., C.T. CONSIDERATION: August 26, 2021, 6:00 P.M., C.T.

PURPOSE/AUTHORITY/SECURITY: The $6,680,000* General Obligation Promissory Notes, Series 2021B (the "Notes")of the City of Altoona, Wisconsin (the "City") are being issued pursuant to Section 67.12(12), Wisconsin Statutes, for publicpurposes including financing the City’s 2021 capital improvement and equipment projects and current refunding certainoutstanding general obligations of the City as more fully described herein. The Notes are general obligations of the City, andall the taxable property in the City is subject to the levy of a tax to pay the principal of and interest on the Notes as they becomedue which tax may, under current law, be levied without limitation as to rate or amount. Delivery is subject to receipt of anapproving legal opinion of Quarles & Brady LLP, Milwaukee, Wisconsin.

DATE OF NOTES: September 15, 2021MATURITY: As follows:

Maturity Amount* Maturity Amount* Maturity Amount*10/01/2022 $535,000 10/01/2026 $880,000 10/01/2030 $550,00010/01/2023 625,000 10/01/2027 890,000 04/01/2031 910,00010/01/2024 255,000 10/01/2028 890,00010/01/2025 255,000 10/01/2029 890,000

*MATURITYADJUSTMENTS:

The City reserves the right to increase or decrease the principal amount of the Notes on the dayof sale, in increments of $5,000 each. Increases or decreases may be made in any maturity. Ifany principal amounts are adjusted, the purchase price proposed will be adjusted to maintain thesame gross spread per $1,000.

TERM BONDS: See "Term Bond Option" herein.INTEREST: April 1, 2022 and semiannually thereafter.OPTIONALREDEMPTION:

Notes maturing on October 1, 2028 and thereafter are subject to call for prior optionalredemption on October 1, 2027 or any date thereafter, at a price of par plus accrued interest.

MINIMUM BID: $6,599,840.MAXIMUM BID: $6,813,600.GOOD FAITH DEPOSIT: A good faith deposit in the amount of $133,600 shall be made by the winning bidder by wire

transfer of funds.PAYING AGENT: Bond Trust Services Corporation.BOND COUNSEL & DISCLOSURE COUNSEL: Quarles & Brady LLP.MUNICIPAL ADVISOR: Ehlers and Associates, Inc.BOOK-ENTRY-ONLY: See "Book-Entry-Only System" herein (unless otherwise specified by the purchaser).


REPRESENTATIONS

No dealer, broker, salesperson or other person has been authorized by the City to give any information or to make any representation other thanthose contained in this Preliminary Official Statement and, if given or made, such other information or representations must not be relied uponas having been authorized by the City. This Preliminary Official Statement does not constitute an offer to sell or a solicitation of an offerto buy any of the Notes in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction.

This Preliminary Official Statement is not to be construed as a contract with the Syndicate Manager or Syndicate Members. Statementscontained herein which involve estimates or matters of opinion are intended solely as such and are not to be construed as representations offact. Ehlers and Associates, Inc. prepared this Preliminary Official Statement and any addenda thereto relying on information of the City andother sources for which there is reasonable basis for believing the information is accurate and complete.

Quarles & Brady LLP will serve as Disclosure Counsel to the City with respect to the Notes. Compensation of Ehlers and Associates, Inc.,payable entirely by the City, is contingent upon the delivery of the Notes.

COMPLIANCE WITH S.E.C. RULE 15c2-12

Certain municipal obligations (issued in an aggregate amount over $1,000,000) are subject to Rule 15c2-12 promulgated by the Securities andExchange Commission pursuant to the Securities Exchange Act of 1934, as amended (the "Rule").

Preliminary Official Statement: This Preliminary Official Statement was prepared for the City for dissemination to potential investors. Its primary purpose is to disclose information regarding the Notes to prospective underwriters in the interest of receiving competitive proposalsin accordance with the sale notice contained herein. Unless an addendum is posted prior to the sale, this Preliminary Official Statement shallbe deemed nearly final for purposes of the Rule subject to completion, revision and amendment in a Final Official Statement as defined below.

Review Period: This Preliminary Official Statement has been distributed to prospective bidders for review. Comments or requests for thecorrection of omissions or inaccuracies must be submitted to Ehlers and Associates, Inc. at least two business days prior to the sale. Requestsfor additional information or corrections in the Preliminary Official Statement received on or before this date will not be considered aqualification of a proposal received from an underwriter. If there are any changes, corrections or additions to the Preliminary OfficialStatement, interested bidders will be informed by an addendum prior to the sale.

Final Official Statement: Copies of the Final Official Statement will be delivered to the underwriter (Syndicate Manager) within sevenbusiness days following the proposal acceptance.

Continuing Disclosure: Subject to certain exemptions, issues in an aggregate amount over $1,000,000 may be required to comply withprovisions of the Rule which require that underwriters obtain from the issuers of municipal securities (or other obligated party) an agreementfor the benefit of the owners of the securities to provide continuing disclosure with respect to those securities. This Preliminary OfficialStatement describes the conditions under which the City is required to comply with the Rule.

CLOSING CERTIFICATES

Upon delivery of the Notes, the underwriter (Syndicate Manager) will be furnished with the following items: (1) a certificate of the appropriateofficials to the effect that at the time of the sale of the Notes and all times subsequent thereto up to and including the time of the delivery ofthe Notes, this Preliminary Official Statement did not and does not contain any untrue statement of a material fact or omit to state a materialfact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; (2) a receipt signedby the appropriate officer evidencing payment for the Notes; (3) a certificate evidencing the due execution of the Notes, including statementsthat (a) no litigation of any nature is pending, or to the knowledge of signers, threatened, restraining or enjoining the issuance and delivery ofthe Notes, (b) neither the corporate existence or boundaries of the City nor the title of the signers to their respective offices is being contested,and (c) no authority or proceedings for the issuance of the Notes have been repealed, revoked or rescinded; and (4) a certificate setting forthfacts and expectations of the City which indicates that the City does not expect to use the proceeds of the Notes in a manner that would causethem to be arbitrage bonds within the meaning of Section 148 of the Internal Revenue Code of 1986, as amended, or within the meaning ofapplicable Treasury Regulations.

ii


TABLE OF CONTENTS

INTRODUCTORY STATEMENT . . . . . . . . . . . . . . . . . . . . . . . 1

THE NOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1GENERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1OPTIONAL REDEMPTION . . . . . . . . . . . . . . . . . . . . . . . . 2AUTHORITY; PURPOSE . . . . . . . . . . . . . . . . . . . . . . . . . . 2ESTIMATED SOURCES AND USES . . . . . . . . . . . . . . . . 3SECURITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3RATING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4CONTINUING DISCLOSURE . . . . . . . . . . . . . . . . . . . . . . 4LEGAL MATTERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5TAX EXEMPTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5ORIGINAL ISSUE DISCOUNT . . . . . . . . . . . . . . . . . . . . . 6BOND PREMIUM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7QUALIFIED TAX-EXEMPT OBLIGATIONS . . . . . . . . . . 7MUNICIPAL ADVISOR . . . . . . . . . . . . . . . . . . . . . . . . . . . 7MUNICIPAL ADVISOR AFFILIATED COMPANIES . . . 7INDEPENDENT AUDITORS . . . . . . . . . . . . . . . . . . . . . . . 8RISK FACTORS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

VALUATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11WISCONSIN PROPERTY VALUATIONS;

PROPERTY TAXES . . . . . . . . . . . . . . . . . . . . . . . . 11CURRENT PROPERTY VALUATIONS . . . . . . . . . . . . . 122021 EQUALIZED VALUE BY CLASSIFICATION . . . . 12TREND OF VALUATIONS . . . . . . . . . . . . . . . . . . . . . . . 12LARGER TAXPAYERS . . . . . . . . . . . . . . . . . . . . . . . . . . 13

DEBT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14DIRECT DEBT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14SCHEDULE OF GENERAL OBLIGATION DEBT . . . . . 15SCHEDULE OF STORMWATER SYSTEM

REVENUE DEBT . . . . . . . . . . . . . . . . . . . . . . . . . . 17SCHEDULE OF TAX INCREMENT REVENUE DEBT . 18SCHEDULE OF WATER REVENUE DEBT . . . . . . . . . . 19DEBT LIMIT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20OVERLAPPING DEBT . . . . . . . . . . . . . . . . . . . . . . . . . . . 20DEBT RATIOS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21DEBT PAYMENT HISTORY . . . . . . . . . . . . . . . . . . . . . . 21FUTURE FINANCING . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

TAX LEVIES AND COLLECTIONS . . . . . . . . . . . . . . . . . . . . 22TAX LEVIES AND COLLECTIONS . . . . . . . . . . . . . . . . 22PROPERTY TAX RATES . . . . . . . . . . . . . . . . . . . . . . . . . 23LEVY LIMITS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

THE ISSUER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26CITY GOVERNMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . 26EMPLOYEES; PENSIONS . . . . . . . . . . . . . . . . . . . . . . . . 26OTHER POST EMPLOYMENT BENEFITS . . . . . . . . . . 28LITIGATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29MUNICIPAL BANKRUPTCY . . . . . . . . . . . . . . . . . . . . . 29FUNDS ON HAND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30ENTERPRISE FUNDS . . . . . . . . . . . . . . . . . . . . . . . . . . . 31SUMMARY GENERAL FUND INFORMATION . . . . . . 32

GENERAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33LOCATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33LARGER EMPLOYERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33BUILDING PERMITS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34U.S. CENSUS DATA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35EMPLOYMENT/UNEMPLOYMENT DATA . . . . . . . . . . . 35

FINANCIAL STATEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . A-1

FORM OF LEGAL OPINION . . . . . . . . . . . . . . . . . . . . . . . . . . . B-1

BOOK-ENTRY-ONLY SYSTEM . . . . . . . . . . . . . . . . . . . . . . . . C-1

FORM OF CONTINUING DISCLOSURE CERTIFICATE . . . . D-1

NOTICE OF SALE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E-1

BID FORM

iii


CITY OF ALTOONACOMMON COUNCIL

Term ExpiresBrendan Pratt Mayor April 2022Matthew Biren Council Member April 2023Maria Guzman Council Member April 2022Timothy Lima Council Member April 2022Susan Rowe Council Member April 2023Tim Sexton Council Member April 2023Dale Stuber Council Member April 2022

ADMINISTRATION

Mike Golat, City AdministratorTina Nelson, Finance Director/Treasurer

Cynthia Bauer, City Clerk

PROFESSIONAL SERVICES

Weld Riley, S.C., City Attorney, Eau Claire, Wisconsin

Quarles & Brady LLP, Bond Counsel and Disclosure Counsel, Milwaukee, Wisconsin

Ehlers and Associates, Inc., Municipal Advisors, Roseville, Minnesota(Other offices located in Waukesha, Wisconsin and Denver, Colorado)

iv


INTRODUCTORY STATEMENT

This Preliminary Official Statement contains certain information regarding the City of Altoona, Wisconsin (the"City") and the issuance of its $6,680,000* General Obligation Promissory Notes, Series 2021B (the "Notes"). Anydescriptions or summaries of the Notes, statutes, or documents included herein are not intended to be complete andare qualified in their entirety by reference to such statutes and documents and the form of the Notes to be includedin the resolution authorizing the issuance and sale of the Notes ("Authorizing Resolution") to be adopted by theCommon Council on August 26, 2021.

Inquiries may be directed to Ehlers and Associates, Inc. ("Ehlers" or the "Municipal Advisor"), Roseville, Minnesota,(651) 697-8500, the City's municipal advisor. A copy of this Preliminary Official Statement may be downloaded fromEhlers’ web site at www.ehlers-inc.com by connecting to the Bond Sales link and following the directions at the topof the site.

THE NOTES

GENERAL

The Notes will be issued in fully registered form as to both principal and interest in denominations of $5,000 eachor any integral multiple thereof, and will be dated, as originally issued, as of September 15, 2021. The Notes willmature on the dates and in the amount set forth on the cover of this Preliminary Official Statement. Interest will bepayable on April 1 and October 1 of each year, commencing April 1, 2022, to the registered owners of the Notesappearing of record in the bond register as of the close of business on the 15th day (whether or not a business day)of the immediately preceding month. Interest will be computed upon the basis of a 360-day year of twelve 30-daymonths and will be rounded pursuant to rules of the Municipal Securities Rulemaking Board ("MSRB"). All Notesof the same maturity must bear interest from the date of issue until paid at a single, uniform rate. Each rate must beexpressed in an integral multiple of 5/100 or 1/8 of 1%.

Unless otherwise specified by the purchaser, the Notes will be registered in the name of Cede & Co., as nominee forThe Depository Trust Company, New York, New York ("DTC"). (See "Book-Entry-Only System" herein.) As longas the Notes are held under the book-entry system, beneficial ownership interests in the Notes may be acquired inbook-entry form only, and all payments of principal of, premium, if any, and interest on the Notes shall be madethrough the facilities of DTC and its participants. If the book-entry system is terminated, principal of, premium, ifany, and interest on the Notes shall be payable as provided in the Authorizing Resolution.

The City has selected Bond Trust Services Corporation, Roseville, Minnesota, (“BTSC”) to act as paying agent (the"Paying Agent"). BTSC and Ehlers are affiliate companies. The City will pay the charges for Paying Agent services. The City reserves the right to remove the Paying Agent and to appoint a successor.

*Preliminary, subject to change.

1


OPTIONAL REDEMPTION

At the option of the City, the Notes maturing on or after October 1, 2028 shall be subject to optional redemption priorto maturity on October 1, 2027 or any date thereafter, at a price of par plus accrued interest.

Redemption may be in whole or in part of the Notes subject to prepayment. If redemption is in part, the selection ofthe amounts and maturities of the Notes to be redeemed shall be at the discretion of the City. If only part of the Noteshaving a common maturity date are called for redemption, then the City or Paying Agent, if any, will notify DTC ofthe particular amount of such maturity to be redeemed. DTC will determine by lot the amount of each participant'sinterest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interestin such maturity to be redeemed.

Notice of such call shall be given by sending a notice by registered or certified mail, facsimile or electronictransmission, overnight delivery service or in any other manner required by DTC, not less than 30 days nor more than60 days prior to the date fixed for redemption to the registered owner of each Note to be redeemed at the addressshown on the registration books.

AUTHORITY; PURPOSE

The Notes of the City are being issued pursuant to Section 67.12(12), Wisconsin Statutes, for public purposesincluding financing the City’s 2021 capital improvement and equipment projects and current refunding the City’sGeneral Obligation Promissory Note, Series 2019A, dated January 30, 2019 (the "Series 2019A Note") and GeneralObligation Promissory Note, Series 2019B, dated April 1, 2019 (the "Series 2019B Note" and collectively, the “PriorIssues”) as follows:

Issue Being Refunded

Date ofRefunded

IssueCallDate

CallPrice

MaturitiesBeing

RefundedInterestRates

Principal to be

Refunded

Series 2019A Note 1/30/19 9/16/21 Par 2021 2.29% $33,0002022 2.29% 53,0002023 2.29% 83,0002024 2.29% 35,0002025 2.29% 120,0002026 2.29% 139,0002027 2.29% 196,0002028 2.29% 354,000

Total Series 2019A Note Being Refunded $1,013,000

A portion of the proceeds of the Notes will be used to call and prepay the maturities described above.

2


Issue Being Refunded

Date ofRefunded

IssueCallDate

CallPrice

MaturitiesBeing

RefundedInterestRates

Principal to be

Refunded

Series 2019B Note 4/1/19 9/16/21 Par 2021 2.60% $132,0002022 2.60% 90,0002023 2.60% 142,0002024 2.60% 89,0002025 2.60% 205,0002026 2.60% 268,0002027 2.60% 346,0002028 2.60% 449,0002029 2.60% 528,000

Total Series 2019B Note Being Refunded $2,249,000

A portion of the proceeds of the Notes will be used to call and prepay the maturities described above.

ESTIMATED SOURCES AND USES*

Sources

Par Amount of Notes $6,680,000Transfers from Prior Issues Debt Service Funds 217,435Total Sources $6,897,435

Uses

Estimated Underwriter's Discount (1.200%) $80,160Costs of Issuance 81,400Deposit to Project Construction Fund 3,427,707Deposit to Current Refunding Fund 3,307,165Rounding Amount 1,003Total Uses $6,897,435


SECURITY

For the prompt payment of the Notes with interest thereon and for the levy of taxes sufficient for this purpose, the fullfaith, credit and resources of the City will be irrevocably pledged. The City will levy a direct, annual, irrepealable taxon all taxable property in the City sufficient to pay the interest on the Notes when it becomes due and also to pay anddischarge the principal on the Notes at maturity, in compliance with Article XI, Section 3 of the WisconsinConstitution. Such tax may, under current law, be levied without limitation as to rate or amount.

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RATING

General obligation debt of the City is currently rated "AA-/Stable" by S&P Global Ratings ("S&P").

The City has requested a rating on the Notes from S&P, and bidders will be notified as to the assigned rating priorto the sale. Such rating reflects only the views of such organization and explanations of the significance of such ratingmay be obtained from S&P. Generally, a rating agency bases its rating on the information and materials furnishedto it and on investigations, studies and assumptions of its own. There is no assurance that such rating will continuefor any given period of time or that it will not be revised downward or withdrawn entirely by such rating agency, ifin the judgment of such rating agency circumstances so warrant. Any such downward revision or withdrawal of suchrating may have an adverse effect on the market price of the Notes.

Such rating is not to be construed as a recommendation of the rating agency to buy, sell or hold the Notes, and therating assigned by the rating agency should be evaluated independently. Except as may be required by the DisclosureUndertaking described under the heading "CONTINUING DISCLOSURE" neither the City nor the underwriterundertake responsibility to bring to the attention of the owner of the Notes any proposed changes in or withdrawalof such rating or to oppose any such revision or withdrawal.

CONTINUING DISCLOSURE

In order to assist brokers, dealers, and municipal securities dealers, in connection with their participation in theoffering of the Notes, to comply with Rule 15c2-12 promulgated by the Securities and Exchange Commission,pursuant to the Securities and Exchange Act of 1934, as amended (the "Rule"), the City shall agree to provide certaininformation to the Municipal Securities Rulemaking Board ("MSRB") through its Electronic Municipal Market Access("EMMA") system, or any system that may be prescribed in the future. The Rule was last amended, effectiveFebruary 27, 2019, to include an expanded list of material events. The Disclosure Undertaking includes the two newmaterial events effective February 27, 2019 under the Rule.

On the date of issue and delivery, the City shall execute and deliver a Continuing Disclosure Certificate, under whichthe City will covenant for the benefit of holders including beneficial holders, to provide electronically, or in a mannerotherwise prescribed, certain financial information annually and to provide notices of the occurrence of certain eventsenumerated in the Rule (the "Disclosure Undertaking"). The details and terms of the Disclosure Undertaking for theCity are set forth in Appendix D. Such Disclosure Undertaking will be in substantially the form attached hereto.

A failure by the City to comply with the Disclosure Undertaking will not constitute an event of default on the Notes. However, such a failure may adversely affect the transferability and liquidity of the Notes and their market price.

In the previous five years, the City believes it has not failed to comply in all material respects with its priorundertakings under the Rule. The City has reviewed its continuing disclosure responsibilities, including the two newmaterial events, to help ensure compliance in the future. Ehlers is currently engaged as dissemination agent for theCity.

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LEGAL MATTERS

An opinion as to the validity of the Notes and the exemption from federal taxation of the interest thereon will befurnished by Quarles & Brady LLP, Bond Counsel to the City, and will be available at the time of delivery of theNotes. The legal opinion will be issued on the basis of existing law and will state that the Notes are valid and bindinggeneral obligations of the City; provided that the rights of the owners of the Notes and the enforceability of the Notesmay be limited by bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting creditors'rights and by equitable principles (which may be applied in either a legal or equitable proceeding). (See ?FORM OFLEGAL OPINION" found in Appendix B).

Quarles & Brady LLP has also been retained by the City to serve as Disclosure Counsel to the City with respect tothe Notes. Although, as Disclosure Counsel to the City, Quarles & Brady LLP has assisted the City with certaindisclosure matters, Quarles & Brady LLP has not undertaken to independently verify the accuracy, completeness orsufficiency of this Official Statement or other offering material relating to the Notes and assumes no responsibilitywhatsoever nor shall have any liability to any other party for the statements or information contained or incorporatedby reference in this Official Statement. Further, Quarles & Brady LLP makes no representation as to the suitabilityof the Notes for any investor.

TAX EXEMPTION

Quarles & Brady LLP, Milwaukee, Wisconsin, Bond Counsel, will deliver a legal opinion with respect to the federalincome tax exemption applicable to the interest on the Notes under existing law substantially in the following form:

"The interest on the Notes is excludable for federal income tax purposes from the gross income of the ownersof the Notes. The interest on the Notes is not an item of tax preference for purposes of the federal alternativeminimum tax imposed by Section 55 of the Internal Revenue Code of 1986, as amended (the "Code") onindividuals. The Code contains requirements that must be satisfied subsequent to the issuance of the Notesin order for interest on the Notes to be or continue to be excludable from gross income for federal income taxpurposes. Failure to comply with certain of those requirements could cause the interest on the Notes to beincluded in gross income retroactively to the date of issuance of the Notes. The City has agreed to complywith all of those requirements. The opinion set forth in the first sentence of this paragraph is subject to thecondition that the City comply with those requirements. We express no opinion regarding other federal taxconsequences arising with respect to the Notes."

The interest on the Notes is not exempt from present Wisconsin income or franchise taxes.

Prospective purchasers of the Notes should be aware that ownership of the Notes may result in collateral federalincome tax consequences to certain taxpayers. Bond Counsel will not express any opinion as to such collateral taxconsequences. Prospective purchasers of the Notes should consult their tax advisors as to collateral federal incometax consequences.

From time to time legislation is proposed, and there are or may be legislative proposals pending in the Congress ofthe United States that, if enacted, could alter or amend the federal tax matters referred to above or adversely affectthe market value of the Notes. It cannot be predicted whether, or in what form, any proposal that could alter one ormore of the federal tax matters referred to above or adversely affect the market value of the Notes may beenacted. Prospective purchasers of the Notes should consult their own tax advisors regarding any pending or proposedfederal tax legislation. Bond Counsel expresses no opinion regarding any pending or proposed federal tax legislation.

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ORIGINAL ISSUE DISCOUNT

To the extent that the initial public offering price of certain of the Notes is less than the principal amount payable atmaturity, such Notes ("Discounted Notes") will be considered to be issued with original issue discount. The originalissue discount is the excess of the stated redemption price at maturity of a Discounted Note over the initial offeringprice to the public, excluding underwriters or other intermediaries, at which price a substantial amount of suchDiscounted Notes were sold (issue price). With respect to a taxpayer who purchases a Discounted Note in the initialpublic offering at the issue price and who holds such Discounted Note to maturity, the full amount of original issuediscount will constitute interest that is not includible in the gross income of the owner of such Discounted Note forfederal income tax purposes and such owner will not, subject to the caveats and provisions herein described, realizetaxable capital gain upon payment of such Discounted Note upon maturity.

Original issue discount is treated as compounding semiannually, at a rate determined by reference to the yield tomaturity of each individual Discounted Note, on days that are determined by reference to the maturity date of suchDiscounted Note. The amount treated as original issue discount on a Discounted Note for a particular semiannualaccrual period is generally equal to (a) the product of (i) the yield to maturity for such Discounted Note (determinedby compounding at the close of each accrual period) and (ii) the amount that would have been the tax basis of suchDiscounted Note at the beginning of the particular accrual period if held by the original purchaser; and less (b) theamount of any interest payable for such Discounted Note during the accrual period. The tax basis is determined byadding to the initial public offering price on such Discounted Note the sum of the amounts that have been treated asoriginal issue discount for such purposes during all prior periods. If a Discounted Note is sold or exchanged betweensemiannual compounding dates, original issue discount that would have been accrued for that semiannualcompounding period for federal income tax purposes is to be apportioned in equal amounts among the days in suchcompounding period. For federal income tax purposes, the amount of original issue discount that is treated as having accrued with respectto such Discounted Note is added to the cost basis of the owner in determining gain or loss upon disposition of aDiscounted Note (including its sale, exchange, redemption, or payment at maturity). Amounts received upondisposition of a Discounted Note that are attributable to accrued original issue discount will be treated as tax-exemptinterest, rather than as taxable gain.

The accrual or receipt of original issue discount on the Discounted Notes may result in certain collateral federalincome tax consequences for the owners of such Discounted Notes. The extent of these collateral tax consequenceswill depend upon the owner's particular tax status and other items of income or deduction.

The Code contains additional provisions relating to the accrual of original issue discount. Owners who purchaseDiscounted Notes at a price other than the issue price or who purchase such Discounted Notes in the secondary marketshould consult their own tax advisors with respect to the tax consequences of owning the Discounted Notes. Underthe applicable provisions governing the determination of state and local taxes, accrued interest on the DiscountedNotes may be deemed to be received in the year of accrual even though there will not be a corresponding cashpayment until a later year. Owners of Discounted Notes should consult their own tax advisors with respect to the stateand local tax consequences of owning the Discounted Notes.

6


BOND PREMIUM

To the extent that the initial offering price of certain of the Notes is more than the principal amount payable atmaturity, such Notes ("Premium Notes") will be considered to have bond premium.

Any Premium Note purchased in the initial offering at the issue price will have "amortizable bond premium" withinthe meaning of Section 171 of the Code. The amortizable bond premium of each Premium Note is calculated on adaily basis from the issue date of such Premium Note until its stated maturity date (or call date, if any) on the basisof a constant interest rate compounded at each accrual period (with straight line interpolation between thecompounding dates). An owner of a Premium Note that has amortizable bond premium is not allowed any deductionfor the amortizable bond premium; rather the amortizable bond premium attributable to a taxable year is appliedagainst (and operates to reduce) the amount of tax-exempt interest payments on the Premium Notes. During eachtaxable year, such an owner must reduce his or her tax basis in such Premium Note by the amount of the amortizablebond premium that is allocable to the portion of such taxable year during which the holder held such Premium Note. The adjusted tax basis in a Premium Note will be used to determine taxable gain or loss upon a disposition (includingthe sale, exchange, redemption, or payment at maturity) of such Premium Note.

Owners of Premium Notes who did not purchase such Premium Notes in the initial offering at the issue price shouldconsult their own tax advisors with respect to the tax consequences of owning such Premium Notes. Owners ofPremium Notes should consult their own tax advisors with respect to the state and local tax consequences of owningthe Premium Notes.

QUALIFIED TAX-EXEMPT OBLIGATIONS

The Notes are "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the Code relating to the abilityof financial institutions to deduct from income for federal income tax purposes, interest expense that is allocable tocarrying and acquiring tax-exempt obligations.

MUNICIPAL ADVISOR

Ehlers has served as municipal advisor to the City in connection with the issuance of the Notes. The MunicipalAdvisor cannot participate in the underwriting of the Notes. The financial information included in this OfficialStatement has been compiled by the Municipal Advisor. Such information does not purport to be a review, audit orcertified forecast of future events and may not conform with accounting principles applicable to compilations offinancial information. Ehlers is not a firm of certified public accountants. Ehlers is registered with the Securities andExchange Commission and the MSRB as a municipal advisor.

MUNICIPAL ADVISOR AFFILIATED COMPANIES

BTSC and Ehlers Investment Partners, LLC ("EIP") are affiliate companies of Ehlers. BTSC is chartered by the Stateof Minnesota and authorized in Minnesota, Wisconsin, Colorado, and Illinois to transact the business of a limitedpurpose trust company. BTSC provides paying agent services to debt issuers. EIP is a Registered Investment Advisorwith the Securities and Exchange Commission. EIP assists issuers with the investment of bond proceeds or investingother issuer funds. This includes escrow bidding agent services. Issuers, such as the City, have retained or may retainBTSC and/or EIP to provide these services. If hired, BTSC and/or EIP would be retained by the City under anagreement separate from Ehlers.

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INDEPENDENT AUDITORS

The basic financial statements of the City for the fiscal year ended December 31, 2020 have been audited byCliftonLarsonAllen LLP, Eau Claire, Wisconsin, independent auditors (the "Auditor"). The report of the Auditor,together with the basic financial statements, component units financial statements, and notes to the financialstatements are attached hereto as "APPENDIX A – FINANCIAL STATEMENTS". The Auditor has not beenengaged to perform and has not performed, since the date of its report included herein, any procedures on the financialstatements addressed in that report. The Auditor also has not performed any procedures relating to this OfficialStatement.

RISK FACTORS

Following is a description of possible risks to holders of the Notes without weighting as to probability. Thisdescription of risks is not intended to be all-inclusive, and there may be other risks not now perceived or listed here.Potential investors should review this Official Statement, including the appendices, in its entirety.

Taxes: The Notes are general obligations of the City, the ultimate payment of which rests in the City's ability to levyand collect sufficient taxes to pay debt service. In the event of delayed billing, collection or distribution of propertytaxes, sufficient funds may not be available to the City in time to pay debt service when due.

State Actions: Many elements of local government finance, including the issuance of debt and the levy of propertytaxes, are controlled by state government. Future actions of the state may affect the overall financial condition of theCity, the taxable value of property within the City, and the ability of the City to levy and collect property taxes.

Future Changes in Law: Various State and federal laws, regulations and constitutional provisions apply to the Cityand to the Notes. The City can give no assurance that there will not be a change in or interpretation of any suchapplicable laws, regulations and provisions which would have a material effect on the City or the taxing authority ofthe City.

Ratings; Interest Rates: In the future, the City's credit rating may be reduced or withdrawn, or interest rates for thistype of obligation may rise generally, either possibility resulting in a reduction in the value of the Notes for resaleprior to maturity.

Tax Exemption: If the federal government taxes all or a portion of the interest on municipal bonds or notes or if theState government increases its tax on interest on bonds and notes, directly or indirectly, or if there is a change infederal or state tax policy, then the value of these Notes may fall for purposes of resale. Noncompliance by the Citywith the covenants in the Authorizing Resolution relating to certain continuing requirements of the Code may resultin inclusion of interest to be paid on the Notes in gross income of the recipient for United States income tax purposes,retroactive to the date of issuance.

Continuing Disclosure: A failure by the City to comply with the Disclosure Undertaking for continuing disclosure(see "CONTINUING DISCLOSURE") will not constitute an event of default on the Notes. Any such failure mustbe reported in accordance with the Rule and must be considered by any broker, dealer, or municipal securities dealerbefore recommending the purchase or sale of the Notes in the secondary market. Such a failure may adversely affectthe transferability and liquidity of the Notes and their market price.

Book-Entry-Only System: The timely credit of payments for principal and interest on the Notes to the accounts ofthe Beneficial Owners of the Notes may be delayed due to the customary practices, standing instructions or for otherunknown reasons by DTC participants or indirect participants. Since the notice of redemption or other notices toholders of these obligations will be delivered by the City to DTC only, there may be a delay or failure by DTC, DTCparticipants or indirect participants to notify the Beneficial Owners of the Notes.

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Depository Risk: Wisconsin Statutes direct the local treasurer to immediately deposit upon receipt thereof, the fundsof the municipality in a public depository designated by the governing body. A public depository means a federalor state credit union, federal or state savings and loan association, state bank, savings and trust company, mutualsavings bank or national bank in Wisconsin or the local government pooled investment fund operated by the StateInvestment Board. It is not uncommon for a municipality to have deposits exceeding limits of federal and stateinsurance programs. Failure of a depository could result in loss of public funds or a delay in obtaining them. Sucha loss or delay could interrupt a timely payment of municipal debt.

Economy: A combination of economic, climatic, political or civil disruptions or terrorist actions outside of thecontrol of the City, including loss of major taxpayers or major employers, could affect the local economy and resultin reduced tax collections and/or increased demands upon local government. Real or perceived threats to the financialstability of the City may have an adverse effect on the value of the Notes in the secondary market.

Secondary Market for the Notes: No assurance can be given that a secondary market will develop for the purchaseand sale of the Notes or, if a secondary market exists, that such Notes can be sold for any particular price. Theunderwriters are not obligated to engage in secondary market trading or to repurchase any of the Notes at the requestof the owners thereof. Prices of the Notes as traded in the secondary market are subject to adjustment upward anddownward in response to changes in the credit markets and other prevailing circumstances. No guarantee exists asto the future market value of the Notes. Such market value could be substantially different from the original purchaseprice.

Bankruptcy: The rights and remedies of the holders may be limited by and are subject to the provisions of federalbankruptcy laws, to other laws, or equitable principles that may affect the enforcement of creditors’ rights, to theexercise of judicial discretion in appropriate cases and to limitations on legal remedies against local governments. The opinion of Bond Counsel to be delivered with respect to the Notes will be similarly qualified. See "MUNICIPALBANKRUPTCY" herein.

Cybersecurity: The City is dependent on electronic information technology systems to deliver services. Thesesystems may contain sensitive information or support critical operational functions which may have value forunauthorized purposes. As a result, the electronic systems and networks may be targets of cyberattack. There canbe no assurance that the City will not experience an information technology breach or attack with financialconsequences that could have a material adverse impact.

Impact of the Spread of COVID-19: In late 2019, a novel strain of coronavirus (COVID-19) emerged in Wuhan,Hubei Province, China. COVID-19 has spread throughout the world, including to the United States, resulting in theWorld Health Organization proclaiming COVID-19 to be a pandemic and former President Trump declaring a nationalemergency. In response to the spread of COVID-19, the United States government, state governments, localgovernments and private industries have taken measures to limit social interactions in an effort to limit the spread ofCOVID-19. The effects of the spread of COVID-19 and the government and private responses to the spread continueto evolve. COVID-19 has caused significant disruptions to the global, national and State economy. The extent towhich the coronavirus continues to impact the City and its financial condition will depend on future developments,which are uncertain and cannot be predicted by the City, including the duration of the outbreak and future measurestaken to address the outbreak. On March 12, 2020, Wisconsin Governor Tony Evers declared a public health emergency in the State in response tothe growing threat of COVID-19. That declaration included direction to the state Department of Health Services touse any and all required resources to respond to and contain the outbreak. Governor Evers followed that up with a"safer at home" order (the "Order") on March 24, 2020, closing nonessential businesses, banning gatherings of anysize and imposing strict travel restrictions through April 24, 2020. On April 16, 2020, the Order was extended fromApril 24, 2020 through May 26, 2020. Schools remained closed for the duration of the 2019-2020 school year, butcertain non-essential businesses were allowed to open operations on a limited basis during this time, includingcurbside pickup, delivery, mailings and minimum basic operations.

9


Also on April 16, 2020, former President Trump outlined "Guidelines for Opening Up America Again," a three-phased approach to restarting the economy based on public health experts’ advice. On April 20, 2020, Governor Eversannounced Wisconsin’s three-phased approach to reopening the State’s economy, based on former President Trump’sguidelines. On April 21, 2020, Republican legislators in the State filed a lawsuit challenging the legality of the Order.On May 13, 2020, the Wisconsin Supreme Court ruled that the State's Order is unlawful, invalid and unenforceablebecause the emergency rulemaking procedures under Section 227.24 of the Wisconsin Statutes and proceduresestablished by the Wisconsin Legislature for rulemaking if criminal penalties were to follow were not followed inconnection with the Order. The Supreme Court's decision does not invalidate any local health officials' orders orprevent future local health officials' orders related to the COVID-19 pandemic.

The Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") provides for federal payments from theCoronavirus Relief Fund to the State for the discrete purpose of covering expenses directly incurred as a result ofCOVID-19 between March 1 and December 30, 2020. On May 27, 2020, Governor Tony Evers announced a programtitled, "Routes to Recovery: Local Government Aid Grants," which will distribute $190 million of the State'sCoronavirus Relief Fund monies to all counties, cities, villages and towns across Wisconsin for unbudgeted eligibleexpenditures incurred due to COVID-19 between March 1 and November 17, 2020. The State allocated funds basedon population with a guaranteed minimum allocation of $5,000. The City's allocation was $126,760. These funds weredisbursed up to the amount of the allocation after eligible expenditures were reported through the State's cost trackerapplication. On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021, which provides localgovernments an additional $130.2 billion through the Coronavirus Local Fiscal Recovery Fund. These funds can beused to mitigate increased expenditures, lost revenue and economic hardship related to the COVID-19 pandemic, withhalf received in 2021 and half to be received in 2022. The City’s allocation is $823,742.

On July 30, 2020, Governor Evers issued Executive Order #82, declaring a public health emergency in Wisconsinto combat the spread of COVID-19. In conjunction with Executive Order #82, Governor Evers issued EmergencyOrder #1, requiring most people to wear face coverings when indoors, with certain exemptions in accordance withCDC guidelines. The public health emergency and mask orders have been extended multiple times, with the mostrecent extension on January 19, 2021 through March 20, 2021. On February 4, 2021, the Wisconsin Assembly votedto repeal the Governor’s order requiring face coverings. Later the same day, Governor Evers issued a new EmergencyOrder #1 requiring the use of face coverings through April 5, 2021. On March 31, 2021, the Wisconsin Supreme Courtstruck down Emergency Order #1, finding that legislative approval was required to continue the order beyond itsoriginal 60-day period. The ruling does not impact the validity of local mandates.

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VALUATIONS

WISCONSIN PROPERTY VALUATIONS; PROPERTY TAXES

Equalized Value

Section 70.57, Wisconsin Statutes, requires the Department of Revenue to annually determine the equalized value(also referred to as full equalized value or aggregate full value) of all taxable property in each county and taxationdistrict. The equalized value is an independent estimate of value used to equate individual local assessment policiesso that property taxes are uniform throughout the various subdivisions in the State. Equalized value is calculatedbased on the history of comparable sales and information about value changes or taxing status provided by the localassessor. A comparison of the State-determined equalized value and the local assessed value, expressed as apercentage, is known as the assessment ratio or level of assessment. The Department of Revenue notifies each countyand taxing jurisdiction of its equalized value on August 15; school districts are notified on October 1. The equalizedvalue of each county is the sum of the valuations of all cities, villages, and towns within its boundaries. Taxingjurisdictions lying in more than one municipality, such as counties, school districts, or special taxing districts, use theequalized value of the underlying units in calculating and levying their respective levies. Equalized values are alsoused to apportion state aids and calculate municipal general obligation debt limits.

Assessed Value

The "assessed value" of taxable property in a municipality is determined by the local assessor, except formanufacturing properties which are valued by the State. Each city, village or town retains its own local assessor, whomust be certified by the State Department of Revenue. Assessed value is used by these municipalities to determinetax levy mill rates and to apportion levies among individual property owners. Each taxing district must assessproperty at full value at least once in every five-year period. The State requires that the assessed values must bewithin 10% of State equalized values at least once every four years. The local assessor values property as of January1 each year and submits those values to each municipality by the second Monday in June. The assessor also reportsany value changes taking place since the previous year, to the Department of Revenue, by the second Monday in June.

The economic impact of COVID-19 may impact assessed and equalized valuations of property in the State, includingin the City. The City cannot predict the extent of any such changes, but a material decrease in the equalized valuationsof property in the City may materially adversely affect the financial condition of the City (see "RISK FACTORS -Impact of the Spread of COVID-19" herein).

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CURRENT PROPERTY VALUATIONS

2021 Equalized Value $902,693,200

2021 Equalized Value Reduced by Tax Increment Valuation $614,605,000

2020 Assessed Value $779,705,000

2021 EQUALIZED VALUE BY CLASSIFICATION

2021 Equalized Value1

Percent of TotalEqualized Value

Residential $510,591,800 56.563%

Commercial 351,728,800 38.964%

Manufacturing 23,319,400 2.583%

Agricultural 26,500 0.003%

Undeveloped 10,000 0.001%

Ag Forest 139,400 0.015%

Personal Property 16,877,300 1.870%

Total $902,693,200 100.000%

TREND OF VALUATIONS

YearAssessed

ValueEqualized

Value1

PercentIncrease/Decreasein Equalized Value

2017 $610,048,400 $655,395,200 10.06%

2018 615,291,100 682,442,800 4.13%

2019 751,786,700 741,668,900 8.68%

2020 779,705,000 806,015,500 8.68%

2021 N/A 902,693,200 11.99%

Source: Wisconsin Department of Revenue, Bureau of Equalization and Local Government Services Bureau.

1 Includes tax increment valuation.

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LARGER TAXPAYERS

Taxpayer Type of Business/Property

2020Equalized

Value1

Percent of City's Total

Equalized Value

MPT of Altoona, LLC Hospital $ 34,938,734 4.33%

Woodman’s Food Market, Inc. Grocery store 20,716,687 2.57%

The Classic At Hillcrest Greens Senior living community 20,512,248 2.54%

Altoona Lodging, LLC Hotel/lodging 14,489,114 1.80%

Tambornino, LLC Manufacturing 12,430,728 1.54%

The Clubhouse Apartments 11,820,169 1.47%

Haselwander Bros, Inc. Healthcare 8,948,624 1.11%

Altoona Med, LLC Medical facility 7,744,774 0.96%

Prairie Place Altoona, LLC Apartments 6,938,972 0.86%

NBI, Inc. Continued education 6,861,017 0.85%

Total $145,401,067 18.04%

City's Total 2020 Equalized Value2 $806,015,500

Source: The City.

1 Calculated by dividing the 2020 Assessed Values by the 2020 Aggregate Ratio of assessment for the City. 2021data is not yet available.


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DEBT

DIRECT DEBT1

General Obligation Debt (see schedules following)

Total General Obligation Debt (includes the Notes)* $ 20,815,000

Revenue Debt (see schedules following)

Total revenue debt secured by stormwater system revenues $ 152,242

Total revenue debt secured by tax increment revenues $5,860,000

Total revenue debt secured by water revenues $ 243,012


1 Outstanding debt is as of the dated date of the Notes and excludes the obligations to be refunded.

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City of Altoona, Wisconsin

Schedule of Bonded Indebtedness

General Obligation Debt Secured by Taxes

(As of 09/15/2021)

38583 38583 327403 327874 328117 329401 329021 331094 331309 334166Dated

Amount

Maturity

Calendar

Year Ending Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest

2021 385,000 6,551 735,000 36,725 360,000 16,353 620,000 43,218 100,000 23,7002022 375,000 3,375 750,000 58,750 360,000 25,506 635,000 75,585 100,000 44,4002023 785,000 40,000 360,000 18,306 785,000 64,473 100,000 41,4002024 815,000 10,188 380,000 11,106 850,000 50,735 340,000 38,4002025 165,000 1,753 835,000 35,860 320,000 28,2002026 930,000 9,998 300,000 18,6002027 320,000 9,6002028

2029

2030

2031

760,000 9,926 3,085,000 145,663 1,625,000 73,025 4,655,000 279,868 1,580,000 204,300

‐‐Continued on next page

Promissory Notes

Series 2018A

02/15/2018$2,030,000

12/01

Promissory Notes

Series 2016A

09/15/2016$7,000,000

Final Maturity 06/0112/01

Promissory Notes

Series 2015A

10/01/2015$3,260,000


Promissory Notes

Series 2014B

10/08/2014$4,625,000


Promissory Notes

Series 2012A

08/15/2012$2,845,000


15



Schedule of Bonded Indebtedness continued

General Obligation Debt Secured by Taxes

(As of 09/15/2021)

339192 348538 340085 351326Dated

Amount

Maturity

Calendar

Year Ending Principal Interest Principal

Estimated

Interest Total Principal Total Interest Total P & I

Principal

Outstanding % Paid

Calendar

Year Ending

2021 240,000 32,717 0 0 2,440,000 159,264 2,599,264 18,375,000 11.72% 2021

2022 175,000 30,150 535,000 69,137 2,930,000 306,903 3,236,903 15,445,000 25.80% 2022

2023 155,000 26,650 625,000 63,788 2,810,000 254,616 3,064,616 12,635,000 39.30% 2023

2024 100,000 23,550 255,000 60,663 2,740,000 194,641 2,934,641 9,895,000 52.46% 2024

2025 100,000 21,550 255,000 59,260 1,675,000 146,623 1,821,623 8,220,000 60.51% 2025

2026 295,000 19,550 880,000 57,475 2,405,000 105,623 2,510,623 5,815,000 72.06% 2026

2027 315,000 13,650 890,000 50,435 1,525,000 73,685 1,598,685 4,290,000 79.39% 2027

2028 320,000 10,500 890,000 41,980 1,210,000 52,480 1,262,480 3,080,000 85.20% 2028

2029 325,000 7,300 890,000 31,745 1,215,000 39,045 1,254,045 1,865,000 91.04% 2029

2030 405,000 4,050 550,000 20,620 955,000 24,670 979,670 910,000 95.63% 2030

2031 910,000 6,598 910,000 6,598 916,598 0 100.00% 2031

2,430,000 189,667 6,680,000 461,700 20,815,000 1,364,148 22,179,148

1) A portion of this issue will refund the 2021 through 2028 maturities of the City's General Obligation Promissory Note, Series 2019A, dated January 30, 2019. A portion of this will refund the 2021 through 2029 maturities of the

City's General Obliga on Promissory Note, Series 2019B, dated April 1, 2019.

Promissory Notes 1)

Series 2021B

09/15/2021$6,680,000*


Promissory Notes

Series 2020A

11/24/2020$2,430,000

11/01

16




Revenue Debt Secured by Stormwater System Revenues

(As of 09/15/2021)

335413 341969Dated

Amount

Maturity

Calendar

Year Ending Principal Interest Total Principal Total Interest Total P & I

Principal

Outstanding % Paid

Calendar

Year Ending

2021 0 2,400 0 2,400 2,400 152,242 .00% 2021

2022 17,028 4,532 17,028 4,532 21,560 135,214 11.18% 2022

2023 17,565 3,986 17,565 3,986 21,551 117,649 22.72% 2023

2024 18,119 3,424 18,119 3,424 21,542 99,531 34.62% 2024

2025 18,690 2,844 18,690 2,844 21,533 80,841 46.90% 2025

2026 19,279 2,245 19,279 2,245 21,524 61,562 59.56% 2026

2027 19,887 1,628 19,887 1,628 21,514 41,675 72.63% 2027

2028 20,514 991 20,514 991 21,505 21,161 86.10% 2028

2029 21,161 334 21,161 334 21,494 0 100.00% 2029

152,242 22,382 152,242 22,382 174,624

Storm Water System Revenue Bonds

Series 2009

12/23/2009$297,487

05/01

17




Revenue Debt Secured by Tax Increment Revenues

(As of 09/15/2021)

339586 349243Dated

Amount

Maturity

Calendar


Principal

Outstanding % Paid

Calendar

Year Ending

2022 620,000 126,092 620,000 126,092 746,092 5,240,000 10.58% 2022

2023 673,000 72,081 673,000 72,081 745,081 4,567,000 22.06% 2023

2024 684,000 62,108 684,000 62,108 746,108 3,883,000 33.74% 2024

2025 3,883,000 28,540 3,883,000 28,540 3,911,540 0 100.00% 2025

5,860,000 288,821 5,860,000 288,821 6,148,821

Tax Increment Revenue

Bond (TID No. 3)

Series 2021A

02/25/2021$5,860,000

03/01

18




Revenue Debt Secured by Water Revenues

(As of 09/15/2021)

335414 341970Dated

Amount

Maturity

Calendar


Principal

Outstanding % Paid

Calendar

Year Ending

2021 0 2,673 0 2,673 2,673 243,012 .00% 2021

2022 24,711 5,074 24,711 5,074 29,786 218,301 10.17% 2022

2023 25,255 4,525 25,255 4,525 29,780 193,046 20.56% 2023

2024 25,811 3,963 25,811 3,963 29,774 167,235 31.18% 2024

2025 26,378 3,389 26,378 3,389 29,768 140,857 42.04% 2025

2026 26,959 2,802 26,959 2,802 29,761 113,898 53.13% 2026

2027 27,552 2,203 27,552 2,203 29,755 86,346 64.47% 2027

2028 28,158 1,590 28,158 1,590 29,748 58,188 76.06% 2028

2029 28,778 964 28,778 964 29,741 29,411 87.90% 2029

2030 29,411 324 29,411 324 29,734 0 100.00% 2030

243,012 27,507 243,012 27,507 270,519

Water System Revenue

Bonds (SDWFL)

Series 2010

12/08/2010$458,481

05/01

19


DEBT LIMIT

The constitutional and statutory general obligation debt limit for Wisconsin municipalities, including towns, cities,villages, and counties (Article XI, Section 3 of the Wisconsin Constitution and Section 67.03, Wisconsin Statutes)is 5% of the current equalized value.

Equalized Value $902,693,200

Multiply by 5% 0.05

Statutory Debt Limit $ 45,134,660

Less: General Obligation Debt* (20,815,000)

Unused Debt Limit* $ 24,319,660


OVERLAPPING DEBT1

Taxing District

2021Equalized

Value2% In City

TotalG.O. Debt3

City'sProportionate Share

Eau Claire County $10,591,905,1001

8.5225% $106,305,000 $ 9,059,844

Altoona School District4 984,588,550 79.0718% 20,482,000 16,195,486

Eau Claire School District4 8,246,844,019 0.3318% 45,585,000 151,251

Fall Creek School District4 383,501,754 0.0313% 12,790,000 4,003

Chippewa Valley Technical College District4 29,206,225,452 2.7597% 79,230,000 2,186,510

City's Share of Total Overlapping Debt $27,597,094

1 Overlapping debt is as of the dated date of the Notes. Only those taxing jurisdictions with general obligation debtoutstanding are included in this section.


3 Outstanding debt based on information obtained on EMMA and the Municipal Advisor's records.

4 2020 equalized value. 2021 values will be available in October 2021.

20


DEBT RATIOS

G.O. Debt

Debt/EqualizedValue

$902,693,200

Debt/PerCapita8,6511

Total General Obligation Debt* $20,815,000 2.31% $2,406.08

City's Share of Total Overlapping Debt 27,597,094 3.06% 3,190.05

Total* $48,412,094 5.37% $5,596.13


DEBT PAYMENT HISTORY

The City has no record of default in the payment of principal and interest on its debt.

FUTURE FINANCING

The City typically borrows annually for its capital improvement plans, and the City expects to issue approximately$2,000,000 general obligation debt in 2022 for such purposes. Aside from the preceding, the City has no current plansfor additional financing in the next 12 months.

1 Preliminary estimated 2021 population.

21


TAX LEVIES AND COLLECTIONS

TAX LEVIES AND COLLECTIONS

Tax YearLevy for City

Purposes Only % Collected

Levy/Equalized Value Reduced by Tax

Increment Valuation in Dollars per $1,000

2016/17 $2,525,472 100% $6.17

2017/18 2,706,850 100% 6.16

2018/19 2,819,703 100% 6.16

2019/20 3,160,448 100% 6.15

2020/21 3,224,059 In Process 6.09

Property tax statements are distributed to taxpayers by the town, village, and city treasurers in December of the levyyear. Current state law requires counties to pay 100% of the real property taxes levied to cities, villages, towns,school districts and other taxing entities on or about August 20 of the collection year.

Personal property taxes, special assessments, special charges and special taxes must be paid to the town, city or villagetreasurer in full by January 31, unless the municipality, by ordinance, permits special assessments to be paid ininstallments. Real property taxes must be paid in full by January 31 or in two equal installments by January 31 andJuly 31. Alternatively, municipalities may adopt a payment plan which permits real property taxes to be paid in threeor more equal installments, provided that the first installment is paid by January 31, one-half of the taxes are paid byApril 30 and the remainder is paid by July 31. Amounts paid on or before January 31 are paid to the town, city orvillage treasurer. Amounts paid after January 31, are paid to the county treasurer unless the municipality hasauthorized payment in three or more installments in which case payment is made to the town, city or village treasurer. On or before January 15 and February 20 the town, city or village treasurer settles with other taxing jurisdictions forall collections through December and January, respectively. In municipalities which have authorized the paymentof real property taxes in three or more installments, the town, city or village treasurer settles with the other taxingjurisdictions on January 15, February 20 and on the fifteenth day of each month following the month in which aninstallment payment is required. On or before August 20, the county treasurer must settle in full with the underlyingtaxing districts for all real property taxes and special taxes. Any county board may authorize its county treasurer toalso settle in full with the underlying taxing districts for all special assessments and special charges. The county maythen recover any tax delinquencies by enforcing the lien on the property and retain any penalties or interest on thedelinquencies for which it has settled. Uncollected personal property taxes owed by an entity that has ceasedoperations or filed a petition for bankruptcy, or are due on personal property that has been removed from the nextassessment roll are collected from each taxing entity in the year following the levy year.

The spread of COVID-19 and responses taken by the United States government, state governments, local governmentsand private industries have caused significant disruptions to the national and State economy. See "RISK FACTORS -Impact of the Spread of COVID-19" herein. On April 15, 2020, Governor Tony Evers signed into law 2019 WisconsinAct 185, which provided that for property taxes payable in 2020, a taxation district could, after making a general orcase-by-case finding of hardship, choose to waive interest or penalties on property tax installment payments paid afterApril 1, 2020 but on or before October 1, 2020. In order to take such action, the county board of supervisors wasrequired to first adopt a resolution authorizing such waiver and determining criteria for determining hardship and thenthe taxation district was required to subsequently adopt a similar resolution. In the case of a county adopting such aresolution, the county proportionally settled with the taxation districts any taxes, interest and penalties collected on

22


or before July 31, 2020 on August 20, 2020, and settled the remaining unpaid taxes, interest, and penalties onSeptember 20, 2020. Eau Claire County and the City did not adopt such resolutions. The City cannot predict whetherany similar legislation may be adopted in the future or whether and how much payment of property taxes will beimpacted by COVID-19 in future years. Any delays or reduction in the receipt of property taxes may materiallyadversely impact the City's finances and payment of debt obligations, including the Notes.

PROPERTY TAX RATES

Full value rates for property taxes expressed in dollars per $1,000 of equalized value (excluding tax incrementvaluation) that have been collected in recent years have been as follows:

Year Levied/Year Collected Schools1 County Local Other2 Total

2016/17 $12.15 $4.23 $6.17 $0.37 $22.92

2017/18 11.42 4.21 6.16 0.12 21.92

2018/19 10.87 4.19 6.16 0.12 21.34

2019/20 10.51 4.17 6.15 0.11 20.94

2020/21 10.32 4.06 6.09 0.11 20.58

Source: Property Tax Rates were extracted from Statement of Taxes prepared by the Wisconsin Department ofRevenue, Division of State and Local Finance.

1 The Schools tax rate reflects the composite rate of all local school districts and technical college district.

2 Includes the state reforestation tax which is apportioned to each county on the basis of its full value. Counties,in turn, apportion the tax to the tax districts within their borders on the basis of full value. It also includes taxeslevied for special purpose districts such as metropolitan sewerage districts, sanitary districts, and public inlandlake protection districts. Tax increment values are not included. State property taxes were eliminated in theState's 2017 - 2019 budget act.

23


LEVY LIMITS

Section 66.0602 of the Wisconsin Statutes, imposes a limit on property tax levies by cities, villages, towns andcounties. No city, village, town or county is permitted to increase its tax levy by a percentage that exceeds itsvaluation factor (which is defined as a percentage equal to the greater of either the percentage change in the politicalsubdivision's January 1 equalized value due to new construction less improvements removed between the previousyear and the current or zero percent). The base amount in any year to which the levy limit applies is the actual levyfor the immediately preceding year. In 2018, and in each year thereafter, the base amount is the actual levy for theimmediately preceding year plus the amount of the payment from the State under Section 79.096 of the WisconsinStatutes (an amount equal to the property taxes formerly levied on certain items of personal property), and the levylimit is the base amount multiplied by the valuation factor, minus the amount of the payment from the State underSection 79.096 of the Wisconsin Statutes. This levy limitation is an overall limit, applying to levies for operationsas well as for other purposes.

A political subdivision that did not levy its full allowable levy in the prior year can carry forward the differencebetween the allowable levy and the actual levy, up to a maximum of 1.5% of the prior year's actual levy. The use ofthe carry forward levy adjustment needs to be approved by a majority vote of the political subdivision's governingbody (except in the case of towns) if the amount of carry forward levy adjustment is less than or equal to 0.5% andby a super majority vote of the political subdivision's governing body (three-quarters vote if the governing body iscomprised of five or more members, two-thirds vote if the governing body is comprised of fewer than five members)(except in the case of towns) if the amount of the carry forward levy adjustment is greater than 0.5% up to themaximum increase of 1.5%. For towns, the use of the carry forward levy adjustment needs to be approved by amajority vote of the annual town meeting or special town meeting after the town board has adopted a resolution infavor of the adjustment by a majority vote if the amount of carry forward levy adjustment is less than or equal to 0.5%or by two-thirds vote or more if the amount of carry forward levy adjustment is greater than 0.5% up to the maximumof 1.5%.

Beginning with levies imposed in 2015, if a political subdivision does not make an adjustment in its levy as describedin the above paragraph in the current year, the political subdivision may increase its levy by the aggregate amountof the differences between the political subdivision’s valuation factor in the previous year and the actual percentincrease in a political subdivision’s levy attributable to the political subdivision’s valuation factor in the previous year,for the five years before the current year, less any amount of such aggregate amount already claimed as an adjustmentin any of the previous five years. The calculation of the aggregate amount available for such adjustment may notinclude any year before 2014, and the maximum adjustment allowed may not exceed 5%. The use of the adjustmentdescribed in this paragraph requires approval by a two-thirds vote of the political subdivision’s governing body, andthe adjustment may only be used if the political subdivision’s level of outstanding general obligation debt in thecurrent year is less than or equal to the political subdivision’s level of outstanding general obligation debt in theprevious year.

Special provisions are made with respect to property taxes levied to pay general obligation debt service. Those aredescribed below. In addition, the statute provides for certain other adjustments to and exclusions from the tax levylimit. Among the exclusions, Section 66.0602(3)(e)5. of the Wisconsin Statutes provides that the levy limit does notapply to "the amount that a political subdivision levies in that year to make up any revenue shortfall for the debtservice on a revenue bond issued under Section 66.0621 by that political subdivision." Recent positions taken byWisconsin Department of Revenue ("DOR") staff call into question the availability of this exception, including bylimiting its availability depending on the circumstances surrounding the pertinent revenue shortfall. To date, suchDOR positions have not been expressed formally in a declaratory ruling under Section 227.41(5)(a) of the WisconsinStatutes, nor have they been the subject of any court challenge or resulting court ruling.

24


With respect to general obligation debt service, the following provisions are made:

(a) If a political subdivision's levy for the payment of general obligation debt service, including debt service on debtissued or reissued to fund or refund outstanding obligations of the political subdivision and interest on outstandingobligations of the political subdivision, on debt originally issued before July 1, 2005, is less in the current year thanin the previous year, the political subdivision is required to reduce its levy limit in the current year by the amount ofthe difference between the previous year's levy and the current year's levy.

(b) For obligations authorized before July 1, 2005, if the amount of debt service in the preceding year is less than theamount of debt service needed in the current year, the levy limit is increased by the difference between the twoamounts. This adjustment is based on scheduled debt service rather than the amount actually levied for debt service(after taking into account offsetting revenues such as sales tax revenues, special assessments, utility revenues, taxincrement revenues or surplus funds). Therefore, the levy limit could negatively impact political subdivisions thatexperience a reduction in offsetting revenues.

(c) The levy limits do not apply to property taxes levied to pay debt service on general obligation debt authorizedon or after July 1, 2005.

The Notes were authorized after July 1, 2005 and therefore the levy limits do not apply to taxes levied to pay debtservice on the Notes.

25


THE ISSUER

CITY GOVERNMENT

The City was incorporated in 1887 and is governed by a Mayor and a six-member Common Council. The Mayor doesnot vote except in the case of a tie. All Council Members are elected to two-year terms. The appointed CityAdministrator, Finance Director/Treasurer and City Clerk are responsible for administrative details and financialrecords.

EMPLOYEES; PENSIONS

The City employs a staff of 44 full-time, 15 part-time, and 30 seasonal employees. All eligible employees in the Cityare covered under the Wisconsin Retirement System ("WRS") established under Chapter 40 of the Wisconsin Statutes("Chapter 40"). The WRS is a cost-sharing multiple-employer defined benefit pension plan. The Department ofEmployee Trust Funds ("ETF") administers the WRS. Required contributions to the WRS are determined by the ETFBoard pursuant to an annual actuarial valuation in accordance with Chapter 40 and the ETF's funding policies. TheETF Board has stated that its funding policy is to (i) ensure funds are adequate to pay benefits; (ii) maintain stableand predictable contribution rates for employers and employees; and (iii) maintain inter-generational equity to ensurethe cost of the benefits is paid for by the generation that receives the benefits.

City employees are generally required to contribute half of the actuarially determined contributions, and the Citygenerally may not pay the employees' required contribution. During the fiscal year ended December 31, 2018 ("FiscalYear 2018"), the fiscal year ended December 31, 2019 ("Fiscal Year 2019") and the fiscal year ended December 31,2020 ("Fiscal Year 2020"), the City’s portion of contributions to WRS (not including any employee contributions)totaled $206,541, $211,018 and $231,136, respectively.

The City implemented Governmental Accounting Standards Board Statement No. 68 ("GASB 68") for the fiscal yearended December 31, 2015.

GASB 68 requires calculation of a net pension liability for the pension plan. The net pension liability is calculatedas the difference between the pension plan's total pension liability and the pension plan's fiduciary net position. Thepension plan's total pension liability is the present value of the amounts needed to pay pension benefits earned by eachparticipant in the pension plan based on the service provided as of the date of the actuarial valuation. In other words,it is a measure of the present value of benefits owed as of a particular date based on what has been earned only up tothat date, without taking into account any benefits earned after that date. The pension plan's fiduciary net positionis the market value of plan assets formally set aside in a trust and restricted to paying pension plan benefits. If thepension plan's total pension liability exceeds the pension plan's fiduciary net position, then a net pension liabilityresults. If the pension plan's fiduciary net position exceeds the pension plan's total pension liability, then a net pensionasset results.

As of December 31, 2019, the total pension liability of the WRS was calculated as $108.87 billion and the fiduciarynet position of the WRS was calculated as $112.09 billion, resulting in a net pension asset of $3.22 billion. The spreadof COVID-19 has significantly impacted investment markets, which may impact the funded status of the WRS andfuture contribution requirements as a result (see "RISK FACTORS - Impact of the Spread of COVID-19" herein).

26


Under GASB 68, each participating employer in a cost-sharing pension plan must report the employer's proportionateshare of the net pension liability or net pension asset of the pension plan. Accordingly, for Fiscal Year 2020, the Cityreported an asset of $644,936 for its proportionate share of the net pension asset of the WRS. The net pension assetwas measured as of December 31, 2019 based on the City’s share of contributions to the pension plan relative to thecontributions of all participating employers. The City’s proportion was 0.02000141% of the aggregate WRS netpension asset as of December 31, 2019.

The calculation of the total pension asset and fiduciary net position are subject to a number of actuarial assumptions,which may change in future actuarial valuations. Such changes may have a significant impact on the calculation ofnet pension asset of the WRS, which may also cause the ETF Board to change the contribution requirements foremployers and employees. For more detailed information regarding the WRS and such actuarial assumptions, seeNote 7 in "APPENDIX A - FINANCIAL STATEMENTS" attached hereto.

Recognized and Certified Bargaining Units

All eligible City personnel are covered by the Municipal Employment Relations Act ("MERA") of the WisconsinStatutes. Pursuant to that law, employees have rights to organize and collectively bargain with municipal employers. MERA was amended by 2011 Wisconsin Act 10 (the "Act") and by 2011 Wisconsin Act 32, which altered thecollective bargaining rights of public employees in Wisconsin.

As a result of the 2011 amendments to MERA, the City is prohibited from bargaining collectively with municipalemployees, other than public safety and transit employees, with respect to any factor or condition of employmentexcept total base wages. Even then, the City is limited to increasing total base wages beyond any increase in theconsumer price index since 180 days before the expiration of the previous collective bargaining agreement (unlessCity were to seek approval for a higher increase through a referendum). Ultimately, the City can unilaterallyimplement the wages for a collective bargaining unit.

Under the changes to MERA, impasse resolution procedures were removed from the law for municipal employeesof the type employed by the City, including binding interest arbitration. Strikes by any municipal employee or labororganization are expressly prohibited. As a practical matter, it is anticipated that strikes will be rare. Furthermore,if strikes do occur, they may be enjoined by the courts. Additionally, because the only legal subject of bargainingis the base wage rates, all bargaining over items such as just cause, benefits, and terms of conditions of employmentare prohibited and cannot be included in a collective bargaining agreement. Impasse resolution for public safetyemployees and transit employees is subject to final and binding arbitration procedures, which do not include a rightto strike. Interest arbitration is available for transit employees if certain conditions are met.

The following bargaining units represent employees of the City:

Bargaining UnitExpiration Date of Current Contract

Altoona Professional Police Association December 31, 2023

Teamsters General Local Union 662 December 31, 2021

27


OTHER POST EMPLOYMENT BENEFITS

The City provides "other post-employment benefits" ("OPEB") (i.e., post-employment benefits, other than pensionbenefits, owed to its employees and former employees) to employees who have terminated their employment withthe City and have satisfied specified eligibility standards through a single-employer plan. The plan allows eligibleretirees to remain on the City's health care plan until age 65. Under certain conditions, the City also directly pays 50%of the retirees’ health care premiums until age 65. Membership of the plan consisted of four retirees receiving benefitsand 117 active plan members as of December 31, 2020.

OPEB calculations are required to be updated every three years and prepared in accordance with Statement No. 75of the Governmental Accounting Standards Board ("GASB 75") regarding retiree health and life insurance benefits, and related standards. An actuarial study for the City was completed by Nyhart Actuary & Employee Benefits inFebruary 2021 for the fiscal year ended December 31, 2020.

For Fiscal Year 2020, the benefit payments for the plan totaled $78,019. The City's current funding practice is to paythe amount of benefits due in a given year on a "pay-as-you-go" basis.

Under GASB 75, a net OPEB liability (or asset) is calculated as the difference between the plan's total OPEB liabilityand the plan's fiduciary net position, which terms have similar meanings as under GASB 68 for pension plans.

As of December 31, 2020, the plan's total OPEB liability was $1,448,154 and the plan fiduciary net position was $0,resulting in a net OPEB liability of $1,448,154.

The calculation of the total OPEB liability and fiduciary net position are subject to a number of actuarial assumptions,which may change in future actuarial valuations. For more detailed information regarding such actuarial assumptions,see Note 9 in "APPENDIX A - FINANCIAL STATEMENTS" attached hereto.

The City also participates in the Local Retiree Life Insurance Fund ("LRLIF"), which is a cost-sharingmultiple-employer defined benefit plan established by Chapter 40. The ETF and the Group Insurance Board havestatutory authority for program administration and oversight, including establishing contribution requirements foremployers.

For Fiscal Year 2020, the City’s portion of contributions to the LRLIF totaled $794. For Fiscal Year 2020, the City’s reported a liability of $197,312 for its proportionate share of the net OPEB liability of the LRLIF. The net OPEBliability was measured as of December 31, 2019 based on the City's share of contributions to the LRLIF relative tothe contributions of all participating employers. The City's proportion was 0.0463370% of the aggregate LRLIF netOPEB liability as of December 31, 2019.

The calculation of the total OPEB liability and fiduciary net position are subject to a number of actuarial assumptions,which may change in future actuarial valuations. Such changes may have a significant impact on the calculation ofthe net OPEB liability of the LRLIF, which may also cause ETF to change the contribution requirements foremployers and employees. For more information, see Note 8 in “APPENDIX A - FINANCIAL STATEMENTS.”

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LITIGATION

There is no litigation threatened or pending questioning the organization or boundaries of the City or the right of anyof its officers to their respective offices or in any manner questioning their rights and power to execute and deliverthe Notes or otherwise questioning the validity of the Notes.

MUNICIPAL BANKRUPTCY

Municipalities are prohibited from filing for bankruptcy under Chapter 11 (reorganization) or Chapter 7 (liquidation)of the U.S. Bankruptcy Code (11 U.S.C. §§ 101-1532) (the "Bankruptcy Code"). Instead, the Bankruptcy Codepermits municipalities to file a petition under Chapter 9 of the Bankruptcy Code, but only if certain requirements aremet. These requirements include that the municipality must be "specifically authorized" under State law to file forrelief under Chapter 9. For these purposes, "State law" may include, without limitation, statutes of generalapplicability enacted by the State legislature, special legislation applicable to a particular municipality, and/orexecutive orders issued by an appropriate officer of the State’s executive branch.

As of the date hereof, Wisconsin law contains no express authority for municipalities to file for bankruptcy reliefunder Chapter 9 of the Bankruptcy Code.

Nevertheless, there can be no assurance (a) that State law will not change in the future, while the Notes areoutstanding, in a way that would allow the City to file for bankruptcy relief under Chapter 9 of the Bankruptcy Code;or (b) even absent such a change in State law, that an executive order or other executive action could not effectivelyauthorize the City to file for relief under Chapter 9. If, in the future, the City were to file a bankruptcy case underChapter 9, the relevant bankruptcy court would need to consider whether the City could properly do so, which wouldinvolve questions regarding State law authority as well as other questions such as whether the City is a municipalityfor bankruptcy purposes. If the relevant bankruptcy court concluded that the City could properly file a bankruptcycase, and that determination was not reversed, vacated, or otherwise substantially altered on appeal, then the rightsof holders of the Notes could be modified in bankruptcy proceedings. Such modifications could be adverse to holdersof the Notes, and there could ultimately be no assurance that holders of the Notes would be paid in full or in part onthe Notes. Further, under such circumstances, there could be no assurance that the Notes would not be treated asgeneral, unsecured debt by a bankruptcy court, meaning that claims of holders of the Notes could be viewed as havingno priority (a) over claims of other creditors of the City; (b) to any particular assets of the City, or (c) to revenuesotherwise designated for payment to holders of the Notes. Moreover, if the City were determined not to be a "municipality" for the purposes of the Bankruptcy Code, norepresentations can be made regarding whether it would still be eligible for voluntary or involuntary relief underChapters of the Bankruptcy Code other than Chapter 9 or under similar federal or state law or equitable proceedingregarding insolvency or providing for protection from creditors. In any such case, there can be no assurance that theconsequences described above for the holders of the Notes would not occur.

29


FUNDS ON HAND (as of June 30, 2021)

FundTotal Cash

and Investments

Debt Service Fund - Bremer $ 505,031

General Fund - Bremer 231,793

Sewer Equipment Fund - Bremer 383,811

Sewer Fund - Bremer 202,058

Water Savings - CCF 202,950

Sewer Savings - CCF 168,954

Stormwater Savings - CCF 620,037

Sewer Savings - Merchants 547,782

Debt Service Fund - CCF 75,162

K9, Office Exchange, Scholarships, Police - CCF 8,561

General Fund - LGIP 9,906

General Fund - Park Fees - LGIP 32,081

CDBG - LGIP 35,823

CDBG - BMO 104,720

General Savings - RCU 507

Combined Pooled Cash 7,503,632

Library Saving - CCF 214,242

General Fund - Land Acquisition Fund Balance - CCF 601,152

General Fund - Land Acquisition Fund Balance - Ehlers Investment 1,560,076

General Fund - Tax Stabilization Fund - CCF 974,603

General Fund - Tax Stabilization Fund - Ehlers Investment 4,440,258

General Fund - Redevelopment Fund Balance - CCF 307,770

General Fund - Redevelopment Fund Balance - Ehlers Investment 2,022,557

Total Funds on Hand $20,753,466

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ENTERPRISE FUNDS

Revenues available for debt service for the City's enterprise funds have been as follows as of December 31 each year:

2018 2019 2020

Water

Total Operating Revenues $ 1,329,059 $ 1,305,306 $ 1,418,351

Less: Operating Expenses (722,792) (776,341) (958,327)

Operating Income $ 606,267 $ 528,965 $ 460,024

Plus: Depreciation 267,275 307,442 332,408

Interest Income 78,284 26,747 21,011

Revenues Available for Debt Service $ 951,826 $ 863,154 $ 813,443

Sewer

Total Operating Revenues $ 1,541,907 $ 1,486,722 $ 1,507,188

Less: Operating Expenses (1,343,257) (1,404,521) (1,453,265)

Operating Income $ 198,650 $ 82,201 $ 53,923


Interest Income 17,961 26,762 23,195


Storm Water

Total Operating Revenues $ 379,646 $ 348,664 $ 351,729

Less: Operating Expenses (315,016) (389,023) (387,551)

Operating Income $ 64,630 $ (40,359) $ (35,822)


Interest Income 20,241 26,268 13,178


31


COMBINED STATEMENT

2017 Audited

2018 Audited

2019Audited

2020Audited

2021AdoptedBudget

RevenuesProperty taxes $1,688,599 $1,788,420 $1,873,607 $2,107,820 $2,171,730Other taxes 416,945 464,954 557,271 444,813 615,021Special assessments revenue 86,838 146,476 157,747 202,061 120,000Intergovernmental 1,659,261 1,733,806 1,841,813 2,103,386 2,254,551License and permits 205,031 242,764 283,704 402,236 232,800Fines and forfeitures 33,203 35,112 41,829 37,677 34,000Public charges for services 234,293 391,200 439,324 259,593 359,629Interest income 65,961 196,113 379,602 184,614 142,600Sale of land for resale 0 0 0 511,310 0Miscellaneous income 140,414 169,601 165,534 120,709 166,250

Total Revenues $4,530,545 $5,168,446 $5,740,431 $6,374,219 $6,096,581

Expenditures

General government $569,134 $764,105 $768,457 $845,637 $866,126Public safety 2,303,430 2,506,699 2,573,026 2,835,595 3,073,775Public works 940,088 960,386 1,055,305 922,272 1,214,277Health and human services 5,873 3,647 1,398 1,750 0Culture, recreation and education 579,796 771,377 864,490 802,194 1,264,115Conservation and development 318,785 317,767 314,036 269,622 133,151

Total Expenditures $4,717,106 $5,323,981 $5,576,712 $5,677,070 $6,551,444

Excess of revenues over (under) expenditures ($186,561) ($155,535) $163,719 $697,149 ($454,863)

Other Financing Sources (Uses)Proceeds from sale of capital assets $1,332,343 $1,738,878 $457,774 $5,745 $0Operating transfers in 200,322 203,589 431,942 214,062 454,863Operating transfers out (1,471,480) 0 0 (1,828,660) 0

Total Other Financing Sources (Uses) $61,185 $1,942,467 $889,716 ($1,608,853) $454,863

($125,376) $1,786,932 $1,053,435 ($911,704)(2) $0

General Fund Balance January 1 $7,848,983 $7,723,607 $9,510,539 $10,563,974Prior Period Adjustment 0 0 0 349,554Residual Equity Transfer in (out) 0 0 0 0

General Fund Balance December 31 $7,723,607 $9,510,539 $10,563,974 $10,001,824

DETAILS OF DECEMBER 31 FUND BALANCENonspendable $12,083 $771,090 $2,876,428 $2,033,017Restricted 89,850 30,721 0 0Committed 3,473,632 4,393,800 4,737,436 3,928,085Assigned 0 0 21,140 225Unassigned 4,148,042 4,314,928 2,928,970 4,040,497Total $7,723,607 $9,510,539 $10,563,974 $10,001,824

1) The 2021 budget was adopted on December 3, 2020.

2) Use of fund balance due to one-time expenditures for land purchases.

Net changes in Fund Balances

SUMMARY GENERAL FUND INFORMATION

Current:

Following are summaries of the revenues and expenditures and fund balances for the City's General Fund. These summaries are not purported to bethe complete audited financial statements of the City, and potential purchasers should read the included financial statements in their entirety formore complete information concerning the City. Copies of the complete statements are available upon request. Appendix A includes the City’s2020 audited financial statements.

FISCAL YEAR ENDING DECEMBER 31

32


GENERAL INFORMATION

LOCATION

The City, with a 2010 U.S. Census population of 6,706 and a current preliminary estimated population of 8,651comprises an area of 4.94 square miles and is located adjacent to the City of Eau Claire in west central Wisconsin,and is approximately 85 miles east of the Minneapolis-St. Paul metropolitan area.

LARGER EMPLOYERS1

Larger employers in the City include the following:

Firm Type of Business/ProductEstimated No.of Employees

Curt Manufacturing, Inc. (CMI) Manufacturer and distributer of towing products 500

Oakleaf Surgical Hospital Hospital 300

School District of Altoona Elementary and secondary education 244

Group Health Co-Op of Eau Claire Group health insurance 130

Oakwood Villa Nursing home 120

Forward Health & Wellness Health services 100

National Business Institute Publishing 93 2

Eau Claire Golf & Country Club Golf course and country club 90

The City Municipal government and services 89

OCI Lecture & Seminar Bureau 85

Source: Data Axle Reference Solutions, written and telephone survey (July 2021), Wisconsin ManufacturersRegister, and the Wisconsin Department of Workforce Development.

1 This does not purport to be a comprehensive list and is based on available data obtained through a survey ofindividual employers, as well as the sources identified above. Some employers do not respond to inquiries foremployment data. Estimates provided are accurate as of the date noted and may not reflect changes in the numberof employees resulting from the current COVID-19 pandemic. (See "RISK FACTORS - Impact of the Spreadof COVID-19").

2 17 employees work remotely either out of state or out of the City.

33


BUILDING PERMITS

2017 2018 2019 2020 20211

New Single Family Homes

No. of building permits 36 25 24 36 24

Valuation $7,386,377 $5,480,918 $4,675,023 $8,670,509 $6,850,565

New Multiple Family Buildings


Valuation $3,791,204 $250,000 $13,700,051 $32,223,634 $16,709,400

New Commercial/Industrial


Valuation $6,404,630 $14,162,246 $5,621,562 $9,285,533 $3,268,922

All Building Permits(including additions and remodelings)


Valuation $17,582,211 $23,434,368 $23,996,636 $63,460,095 $40,519,007

Source: The City.

1 As of July 29, 2021.

2 Includes all, building permits, including remodeling and additions permits not shown in prior years due tolimitations in the historic records.

34


U.S. CENSUS DATA

Population Trend: The City

2000 U.S. Census 6,6982010 U.S. Census 6,7062021 Preliminary Estimated Population 8,651Percent of Change 2000 - 2010 0.12%

Income and Age Statistics

The CityEau Claire

CountyState of

WisconsinUnitedStates

2019 per capita income $31,960 $30,983 $33,375 $34,103

2019 median household income $55,571 $59,476 $61,747 $62,8432019 median family income $75,605 $79,077 $78,679 $77,2632019 median gross rent $778 $823 $856 $1,0622019 median value owner occupied units $157,600 $169,400 $180,600 $217,5002019 median age 35.7 yrs. 34.5 yrs. 39.5 yrs. 38.1 yrs.

State of Wisconsin United States

City % of 2019 per capita income 95.76% 93.72%City % of 2019 median family income 96.09% 97.85%

Housing Statistics

The City

2010 2019 Percent of Change

All Housing Units 3,288 3,409 3.68%

Source: 2000 and 2010 Census of Population and Housing, and 2019 American Community Survey (Based on afive-year estimate), U.S. Census Bureau (https://data.census.gov/cedsci).

EMPLOYMENT/UNEMPLOYMENT DATA

Rates are not compiled for individual communities with populations under 25,000.

Average Employment Average Unemployment

Year Eau Claire County Eau Claire County State of Wisconsin

2017 57,401 2.9% 3.3%2018 57,286 2.6% 3.0%2019 56,839 3.0% 3.3%2020 55,064 5.5% 6.3%1

2021, June1 58,100 4.0% 4.5%Source: Wisconsin Department of Workforce Development.

1 Preliminary.

35


APPENDIX A

FINANCIAL STATEMENTS

Potential purchasers should read the included financial statements in their entirety for more complete informationconcerning the City’s financial position. Such financial statements have been audited by the Auditor, to the extentand for the periods indicated thereon. The City has not requested or engaged the Auditor to perform, and the Auditorhas not performed, any additional examination, assessments, procedures or evaluation with respect to such financialstatements since the date thereof or with respect to this Official Statement, nor has the City requested that the Auditorconsent to the use of such financial statements in this Official Statement. Although the inclusion of the financialstatements in this Official Statement is not intended to demonstrate the fiscal condition of the City since the date ofthe financial statements, in connection with the issuance of the Notes, the City represents that there have been nomaterial adverse change in the financial position or results of operations of the City, nor has the City incurred anymaterial liabilities, which would make such financial statements misleading.

Copies of the complete audited financial statements for the past three years and the current budget are available uponrequest from Ehlers.

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FINANCIAL STATEMENTS AND



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TABLE OF CONTENTS


INDEPENDENT AUDITORS’ REPORT 1

MANAGEMENT’S DISCUSSION AND ANALYSIS 4

BASIC FINANCIAL STATEMENTS

STATEMENT OF NET POSITION 15

STATEMENT OF ACTIVITIES 16

BALANCE SHEET – GOVERNMENTAL FUNDS 17

RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES 18

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS 19

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES 20

STATEMENT OF NET POSTION – PROPRIETARY FUNDS 21

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION – PROPRIETARY FUNDS 23

STATEMENT OF CASH FLOWS – PROPRIETARY FUNDS 24

STATEMENT OF NET POSITION - FIDUCIARY FUNDS 26

STATEMENT OF CHANGES IN NET POSITION - FIDUCIARY FUNDS 27

NOTES TO BASIC FINANCIAL STATEMENTS 28


1 – BUDGETARY COMPARISON SCHEDULE – GENERAL FUND 66

2 – SCHEDULE OF PROPORTIONATE SHARE OF WISCONSIN RETIREMENT SYSTEM NET PENSION PLAN (ASSET) LIABILITY – LAST TEN MEASUREMENT PERIODS 67

3 – SCHEDULE OF CONTRIBUTIONS TO WISCONSIN RETIREMENT SYSTEM PENSION PLAN – LAST TEN FISCAL YEARS 68

4 – SCHEDULE OF CITY’S PROPORTIONATE SHARE OF THE NET OPEB LIABILITY WISCONSIN LOCAL RETIREE LIFE INSURANCE FUND MULTI-EMPLOYER OPEB PLAN – LAST TEN MEASUREMENT PERIODS 69

5 – SCHEDULE OF CITY’S CONTRIBUTIONS TO WISCONSIN LOCAL RETIREE LIFE INSURANCE FUND MULTI-EMPLOYER OPEB PLAN – LAST TEN FISCAL YEARS 70

6 - SCHEDULE OF CHANGES IN THE CITY’S OPEB LIABILITY, RELATED RATIOS AND ACTUARIAL ASSUMPTIONS – LAST TEN MEASUREMENT PERIODS 71

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION 72


COMBINING BALANCE SHEET – NONMAJOR GOVERNMENTAL FUNDS 73

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – NONMAJOR GOVERNMENTAL FUNDS 74

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INDEPENDENT AUDITORS' REPORT

To the City Council City of Altoona Altoona, Wisconsin

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Altoona, Wisconsin (City) as of and for the year ended December 31, 2020, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

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We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Altoona, Wisconsin as of December 31, 2020, and the respective changes in the financial position and, where applicable, cash flows, thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Emphasis-of-Matter Regarding a Correction of an Error

As described in Note 11 to the financial statements, the City is making a prior year adjustment to record Land Held for Resale on the governmental fund statements. Our opinion is not modified with respect to that matter.

Other Matters

Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison information, pension and other postemployment benefit schedules as referenced in the table of contents, be presented to supplement the basic financial statements. Such information, although not part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

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Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The individual fund statements are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the basic financial statements as a whole.



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As management of the City of Altoona, Wisconsin (City), we offer the readers of the City's financial statements this narrative overview and analysis of financial activities of the City for the fiscal year ending December 31, 2020. Please consider this information in conjunction with the City’s financial statements, which begin on page 15 following this narrative. FINANCIAL HIGHLIGHTS

Key financial highlights for the year ended December 31, 2020 include the following:

The assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows at the close of the most recent fiscal year by $52,647,765 (net position). Of this amount, $35,460,164 represented the City’s net investment in capital assets, $3,490,931 was held for restricted purposes, and $13,696,670 was unrestricted. The unrestricted net position may be used to meet the City’s ongoing obligations to citizens and creditors.

During the fiscal year, the City’s total net position increased by $5,970,977 or approximately

12.8 percent. Net position related to the business-type activities of the City increased $3,109,899 while net position related to governmental activities increased $2,861,078.

At the close of the fiscal year, the City’s governmental funds reported combined ending fund balance of $11,761,929, an increase of $1,803,808 from the previous year.

At the end of 2020, the unassigned general fund balance totaled $4,040,497, or 53.8 percent of

the general fund expenditures.

The City’s total long-term general obligation notes decreased by $379,000 during the current fiscal year.

OVERVIEW OF THE FINANCIAL STATEMENTS

This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements. The City’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. Government-Wide Financial Statements The two government-wide financial statements are designed to provide readers with a broad overview of the City’s finances, in a manner similar to a private-sector business. The Statement of Net Position presents information on all of the City’s assets, liabilities and deferred inflows/outflows, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating.



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The Statement of Activities presents information showing how the City’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of the related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods (e.g., uncollected taxes). Both of the government-wide financial statements distinguish those functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and service charges (business-type activities). The governmental activities of the City include general government, public safety, public works, health and human services, culture, recreation and education, and conservation and development. The business-type activities of the City include a water, sewer and storm water utilities. The government-wide financial statements can be found beginning on page 15 of this report. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other governmental entities, uses fund accounting to ensure and demonstrate compliance with various finance-related legal requirements. All of the funds of the City can be divided into three categories: governmental funds, proprietary funds and fiduciary funds. Governmental funds – Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and changes in fund balances for the general fund, debt service fund, capital projects fund and the River Prairie Tax Incremental District #3 fund, which are considered to be major funds. Data from the other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements in the supplementary information section. The governmental fund financial statements can be found beginning on page 17 of this report.

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Proprietary Funds – The City maintains one type of proprietary funds - enterprise funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its water, sewer and storm sewer utilities. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for each of the enterprise funds, each of which is considered to be major funds of the City. The basic proprietary fund financial statements can be found beginning on page 21 of this report. Fiduciary Funds – Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statement because the resources of those funds are not available to support the City’s own programs. The accounting used for fiduciary funds is similar to that used for proprietary funds. The basic fiduciary fund financial statements can be found on page 26 of this report. Notes to Financial Statements The notes to basic financial statements provide additional detail that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the basic financial statements can be found beginning on page 28 of this report. Supplementary Information In addition to the basic financial statement and accompanying notes, this report presents certain required supplementary information on the City’s operating budget and the pension and other postemployment benefit plans. Required supplementary information can be found beginning on page 66 of this report. Following the basic government-wide and fund financial statements, accompanying notes, and required supplementary information, additional supplementary information has been provided as part of this report. The supplementary information includes combining statements for the nonmajor governmental funds. This supplementary information section of the report begins on page 73.



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FINANCIAL ANALYSIS OF THE CITY AS A WHOLE

As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. The City’s assets and deferred outflows exceeded liabilities and deferred inflows by $52,647,765 at the close of 2020. The largest portion of net position (67.4%) reflect the City’s investment in capital assets, including land, land improvements, buildings, machinery and equipment, and plant in service, net of related outstanding debt used to acquire the assets. These capital assets are used to provide services to citizens and are not available for future spending. Although the City’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. The following is a summary of the City’s statement of net position:

Condensed Statement of Net Position December 31, 2020 and 2019

2020 2019 2020 2019 2020 2019

Current and Other Assets 20,454,910$ 18,342,513$ 7,356,806$ 6,763,340$ 27,811,716$ 25,105,853$ Capital Assets 41,187,733 40,638,226 18,716,438 16,696,418 59,904,171 57,334,644 Other Noncurrent Assets 2,228,894 839,669 445,581 301,433 2,674,475 1,141,102

Total Assets 63,871,537 59,820,408 26,518,825 23,761,191 90,390,362 83,581,599

Deferred Outflows of Resources 1,902,299 1,900,955 115,963 116,401 2,018,262 2,017,356

Current Liabilities 984,452 1,150,389 306,752 266,916 1,291,204 1,417,305 Long-Term Liabilities 24,141,386 24,872,007 3,006,201 3,473,830 27,147,587 28,345,837

Total Liabilities 25,125,838 26,022,396 3,312,953 3,740,746 28,438,791 29,763,142

Deferred Inflows of Resources 11,129,874 9,041,921 192,194 117,104 11,322,068 9,159,025

Net Position:Net Investment in

Capital Assets 19,749,927 18,537,264 15,710,237 13,265,410 35,460,164 31,802,674 Restricted 3,441,270 1,406,685 49,661 - 3,490,931 1,406,685 Unrestricted 6,326,927 6,713,097 7,369,743 6,754,332 13,696,670 13,467,429

Total Net Position 29,518,124$ 26,657,046$ 23,129,641$ 20,019,742$ 52,647,765$ 46,676,788$


An additional portion of the City’s net position (6.6%) represents resources that are subject to other restrictions as to how they may be used. The remaining $13,467,429 of total net position (26.0%) may be used to meet the City’s ongoing obligations to its citizens and creditors. It is important to note that $7,369,743 of unrestricted net position is related to the City’s business-type activities. Consequently, it generally may not be used to fund governmental activities. The condensed statement of changes in net position shown on the following page shows that total net position of the City increased $5,970,977 or approximately 12.8 percent. The change consisted of an increase in net position related to governmental activities in the amount of $2,861,078 and an increase in net position related to business-type activities in the amount of $3,109,899.

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The following is a summary of the changes in the City’s net position for the years ended December 31, 2020 and 2019:

Condensed Statement of Changes in Net Position Years Ended December 31, 2020 and 2019

2020 2019 2020 2019 2020 2019REVENUESProgram Revenues

Charges for Services 675,266$ 772,609$ 3,277,268$ 3,140,692$ 3,952,534$ 3,913,301$ Operating Grants and Contributions 1,501,531 1,573,111 - - 1,501,531 1,573,111 Capital Grants and Contributions - 231,559 - - - 231,559

General RevenuesProperty Taxes 8,072,258 7,738,144 - - 8,072,258 7,738,144 Other Taxes 263,281 267,988 - - 263,281 267,988 Grants and Contributions not

Restricted for a Particular Purpose 181,530 289,284 - - 181,530 289,284 Other 2,002,100 1,935,430 148,019 225,576 2,150,119 2,161,006

Total Revenues 12,695,966 12,808,125 3,425,287 3,366,268 16,121,253 16,174,393

EXPENSESGeneral Government 599,184 1,109,879 - - 599,184 1,109,879 Public Safety 3,127,061 2,827,383 - - 3,127,061 2,827,383 Public Works 280,731 3,260,024 - - 280,731 3,260,024 Health and Human Services 1,750 1,398 - - 1,750 1,398 Culture and Recreation 2,547,697 1,813,303 - - 2,547,697 1,813,303 Conservation and Development 287,120 334,823 - - 287,120 334,823 Interest and Fiscal Charges 439,089 242,194 - - 439,089 242,194 Water - - 990,196 819,256 990,196 819,256 Sewer - - 1,468,723 1,431,126 1,468,723 1,431,126 Storm Water - - 408,725 414,565 408,725 414,565

Total Expenses 7,282,632 9,589,004 2,867,644 2,664,947 10,150,276 12,253,951

TRANSFERS (2,552,256) (408,781) 2,552,256 408,781 - -

CHANGE IN NET POSITION 2,861,078 2,810,340 3,109,899 1,110,102 5,970,977 3,920,442 Net Position - Beginning of Year 26,657,046 23,846,706 20,019,742 18,909,640 46,676,788 42,756,346 NET POSITION - END OF YEAR 29,518,124$ 26,657,046$ 23,129,641$ 20,019,742$ 52,647,765$ 46,676,788$


A review of statement of activities can provide a concise picture of how the various functions/programs of the City are funded. The following charts draw data from the statement of activities. For governmental services the City is primarily dependent on property taxes (63.7%), general revenues (23.1% which include land sales) and state and federal operating grants (13.2%).



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Fees, Charges, and Other5.3%

Operating Grants and Contributions

11.8%Capital Grants and

Contributions0.0%

Grants and Contributions not Restricted for a Particular Purpose

1.4%

Property Taxes63.7%

Other Taxes2.1%

Other General Revenue15.7%

Governmental Activities Revenues by Source

General Government8.1%

Public Safety42.9%

Public Works3.9%Health and Human

Services0.0%

Culture, Recreation, and Education

35.0%

Conservation and Development

3.9%

Interest and Fiscal Charges

6.1%

Governmental Activities Expenditures by Function

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In the case of business-type activities charges for services (95.7%) is the primary revenue source.

$-

$250,000

$500,000

$750,000

$1,000,000

$1,250,000

$1,500,000

$1,750,000

$2,000,000

Water Sewer Storm Water

Expenses and Program Revenues - Business-Type Activities

Expenses

Program Revenues

Charges for Services95.7%

Other4.3%

Revenue by Source - Business-Type Activities

`



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FINANCIAL ANALYSIS OF THE CITY’S MAJOR FUNDS

As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds The focus of the City’s governmental funds is to provide information regarding near-term inflows, outflows and balances of spendable resources. Such information can be useful in assessing the City’s financing requirements. In particular, the level of unassigned fund balances may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. As of December 31, 2020, the City’s governmental funds reported combined ending fund balances of $11,761,929, an increase of $2,153,362 from the previous year. The governmental funds comprising this balance are shown below:

Current YearNonspendable Restricted Committed Assigned Unassigned Total Change

Major Funds:General Fund 2,033,017$ -$ 3,928,085$ 225$ 4,040,497$ 10,001,824$ (562,150)$ Debt Service - - - 743,412 - 743,412 161,537 Capital Projects - 1,619,478 - - - 1,619,478 1,318,399 River Prairie Tax Incremental District #3 - - - - (1,402,486) (1,402,486) 893,932

Nonmajor Funds:Public Library - 187,756 - - - 187,756 23,635 CDBG Residential Revolving Loan Program 75,085 150,542 - - - 225,627 (7,649) Business Park Tax Incremental District #2 - - - - (426,815) (426,815) 220,734 Tax Incremental District #4 - 813,133 - - - 813,133 104,924

2,108,102$ 2,770,909$ 3,928,085$ 743,637$ 2,211,196$ 11,761,929$ 2,153,362$

Fund Balances at December 31, 2020

Restrictions of fund balances represent amounts that are not subject to appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change. The balance of the unassigned fund balance is not for any specific purposes. The general fund is the primary operating fund used to account for the governmental operations of the City. As a measure of the general fund’s liquidity, it may be useful to compare both total fund balance and unassigned fund balance to measures of operating volume such as fund expenditures or fund revenues. The total year-end general fund balance represented 133.3 percent of total general fund expenditures reported on the statement of revenues, expenditures and changes in fund balances while the unassigned balance represented 53.8 percent of the same amount. The general fund’s total fund balance decreased $911,704 during the year. The debt service fund had a total fund balance of $743,412, all of which was assigned for the payment of debt service. This balance has accumulated over time for the payment of future, scheduled long-term indebtedness. The balance in this fund decreased $161,537 during 2020. The balance in the capital projects fund, increased $1,318,399 during the year and had a balance of $1,619,478 at year-end.

A-10




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The balance in River Prairie Tax Incremental District #3 fund, a capital projects fund, increased $893,932 during the year. The fund had a deficit balance of $1,402,486 at year-end. The aggregated other governmental funds column includes two special revenue funds used to account for the proceeds of specific revenue sources that are restricted to expenditures for specific purposes and two tax incremental financing capital projects funds. The accumulated fund balances of these funds increased $341,644 during 2020. Transactions of these funds are individually detailed in the supplementary information section of this report. Proprietary Funds The City’s proprietary funds provide the same type of information found in the government-wide financial statements, but in greater detail. The net position of the enterprise-type proprietary funds at the end of 2020 totaled $23,129,641, up $3,109,899 from the previous year as shown below.

Condensed Statement of Changes in Net Position for Enterprise Funds Years Ended December 31, 2020 and 2019

2020 2019 2020 2019 2020 2019 2020 2019

Operating Revenues 1,418,351$ 1,305,306$ 1,507,188$ 1,486,722$ 351,729$ 348,664$ 3,277,268$ 3,140,692$ Operating Expenses

Depreciation 332,408 307,442 178,220 161,798 231,616 197,102 742,244 666,342 Other 625,919 468,899 1,275,045 1,242,723 155,935 191,921 2,056,899 1,903,543

Operating Income (Loss) 460,024 528,965 53,923 82,201 (35,822) (40,359) 478,125 570,807 Nonoperating Income and

Nonoperating Expenses 3,458 (1,853) 76,211 95,044 (151) 37,323 79,518 130,514 Net Income (Loss) before

Contributions & Transfers 463,482 527,112 130,134 177,245 (35,973) (3,036) 557,643 701,321 Capital Contributions

Developers/Customers 660,566 - - - 327,919 - 988,485 - Capital Transferred from City 462,152 238,646 974,118 105,359 341,563 266,589 1,777,833 610,594

Transfers (214,062) (201,813) - - - - (214,062) (201,813) Change in Net Position 1,372,138$ 563,945$ 1,104,252$ 282,604$ 633,509$ 263,553$ 3,109,899$ 1,110,102$

TotalsWater Utility Sewer Utility Storm Water Utility



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GENERAL FUND BUDGETARY HIGHLIGHTS

As shown in the Budgetary Comparison Schedule for the general fund (in required supplementary information), the City ended the year with a net negative budget variance of $911,704. Revenues and other financing sources were $158,595 more than the budgeted amounts and expenditures and other financing uses were $1,070,299 more than amounts budgeted. CAPITAL ASSET AND DEBT ADMINISTRATION

Capital Assets The City’s investment in capital assets for its governmental and business-type activities as of December 31, 2020 and 2019, net of accumulated depreciation, is shown below:

Capital Assets, Net of Accumulated Depreciation December 31, 2020 and 2019

2020 2019 2020 2019 2020 2019Not Subject to Depreciation:

Land and Land Rights 1,266,326$ 1,266,326$ 126,676$ 126,676$ 1,393,002$ 1,393,002$ Construction Work in Progress 663,352 1,936,460 84,569 13,275 747,921 1,949,735

Subject to Depreciation:Buildings and Improvements 10,432,026 10,381,298 - - 10,432,026 10,381,298 Improvements other than Building 2,109,722 1,637,349 - - 2,109,722 1,637,349 Equipment 2,666,924 2,649,717 - - 2,666,924 2,649,717 Vehicles 2,777,289 2,526,273 - - 2,777,289 2,526,273 Infrastructure 47,778,200 44,424,997 - - 47,778,200 44,424,997 Water System Plant - - 14,222,181 13,173,188 14,222,181 13,173,188 Wastewater System Plant - - 8,679,531 7,848,729 8,679,531 7,848,729 Storm Water System Plant - - 4,279,059 3,560,522 4,279,059 3,560,522

Subtotal 67,693,839 64,822,420 27,392,016 24,722,390 95,085,855 89,544,810 Accumulated Depreciation 26,506,106 24,184,194 8,675,578 8,025,972 35,181,684 32,210,166

Total 41,187,733$ 40,638,226$ 18,716,438$ 16,696,418$ 59,904,171$ 57,334,644$


Additional information related to the City’s capital assets is reported in Note 4 following the financial statements.

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Long-Term Obligations At December 31, 2020, the City had outstanding $25,250,044 of long-term debt and other long-term obligations. A summary detail of this amount, together with the net change from the previous year, is shown below:

Outstanding Long-Term Obligations December 31, 2020 and 2019

%

LONG-TERM OBLIGATIONS 2020 2019 2020 2019 2020 2019 ChangeLong-Term Debt

General Obligation Notes 14,846,000$ 14,843,000$ 2,551,000$ 2,933,000$ 17,397,000$ 17,776,000$ -2.1%State Trust Fund Loans 6,392,832 6,972,545 - - 6,392,832 6,972,545 -8.3%

Other Long-Term ObligationsMortgage Revenue Bonds - - 435,941 475,603 435,941 475,603 -8.3%Developer Incentives 135,000 135,000 - - 135,000 135,000 0.0%Landfill Post-Closure Liability 32,040 32,040 - - 32,040 32,040 0.0%Compensated Absences 638,997 555,535 - - 638,997 555,535 15.0%Net Unamortized Debt Premium 198,974 164,012 19,260 22,405 218,234 186,417 17.1%

Total 22,243,843$ 22,702,132$ 3,006,201$ 3,431,008$ 25,250,044$ 26,133,140$ -3.4%


Under Wisconsin State Statutes, the outstanding general obligation long-term debt of a municipality may not exceed 5 percent of the equalized property value of all taxable property within the jurisdiction. The applicable debt of the City outstanding at December 31, 2020 totaled $17,397,000, approximate 43.2 percent of the maximum legal limit of $40,300,775. Additional information related to the City’s long-term debt is reported in Note 5 following the financial statements. CURRENTLY KNOWN FACTS

The State of Wisconsin has imposed limits on the City’s property tax levy beginning with the 2006 budget year levy. Essentially, the legislation restricts the growth in the City’s property taxes (except for debt service and tax increments) to the percentage increase in the City’s equalized value due to new construction. The City approved a levy of $3,360,650 for its 2021 balanced budget, an increase of $98,850 (or 3.03%) from the 2020 budget levy of $3,261,800. REQUESTS FOR INFORMATION

This financial report is designed to provide a general overview of the City of Altoona’s finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the office of the City Administrator, 1303 Lynn Avenue, Altoona, Wisconsin 54720. The City can be contacted by phone at (715) 839-6092.

A-12



STATEMENT OF NET POSITION

DECEMBER 31, 2020

See accompanying Notes to Basic Financial Statements.

Governmental Business-TypeActivities Activities Totals

ASSETS

Current Assets:Cash and Investments 10,186,394$ 6,338,420$ 16,524,814$ Taxes Receivable 9,104,140 - 9,104,140 Other Receivables 384,922 949,117 1,334,039 Inventories - 19,608 19,608 Restricted Assets:

Cash and Investments 184,178 - 184,178 Net Wisconsin Retirement System Pension Asset 595,276 49,661 644,937

Total Current Assets 20,454,910 7,356,806 27,811,716

Noncurrent Assets:Solar Investment, Net 58,012 165,751 223,763 Special Assessments Receivable 525,273 279,830 805,103 Loan Receivable 75,085 - 75,085 Land Held for Resale 1,570,524 - 1,570,524 Capital Assets:

Capital Assets Not Being Depreciated 1,929,678 126,676 2,056,354 Capital Assets Being Depreciated 65,764,161 27,265,340 93,029,501Less: Accumulated Depreciation (26,506,106) (8,675,578) (35,181,684)

Total Noncurrent Assets 43,416,627 19,162,019 62,578,646

Total Assets 63,871,537 26,518,825 90,390,362

DEFERRED OUTFLOWS OF RESOURCES

Wisconsin Retirement System Pension Related 1,390,053 115,963 1,506,016 Single-Employer Other Post-Employment Benefits Related 415,644 - 415,644 Multiple-Employer Life Insurance Other Post-Employment Benefits Related 96,602 - 96,602

Total Deferred Outflows of Resources 1,902,299 115,963 2,018,262

LIABILITIES

Current Liabilities:Accounts Payable 635,075 240,523 875,598 Accrued Interest Payable 262,068 10,577 272,645 Other Accrued Expenses 87,309 55,652 142,961

Total Current Liabilities 984,452 306,752 1,291,204

Noncurrent Liabilities:Amounts Due Within One Year 2,940,996 491,687 3,432,683 Amounts Due in More than One Year 19,302,847 2,514,514 21,817,361 Single-Employer Other Post-Employment Benefits

Amounts Due Within One Year 78,019 - 78,019 Amounts Due in More than One Year 1,622,212 - 1,622,212

Multiple-Employer Life Insurance Other Post-Employment Benefits Liability 197,312 - 197,312 Total Noncurrent liabilities 24,141,386 3,006,201 27,147,587

Total Liabilities 25,125,838 3,312,953 28,438,791

DEFERRED INFLOWS OF RESOURCES

Subsequent Years Taxes 9,020,930 - 9,020,930 Wisconsin Retirement System Pension Related 1,789,021 149,245 1,938,266 Single-Employer Other Post-Employment Benefit Related 289,381 - 289,381 Multiple-Employer Life Insurance Other Post-Employment Benefits Related 30,542 - 30,542 PSC Regulatory Credit - 42,949 42,949

Total Deferred Inflows of Resources 11,129,874 192,194 11,322,068

NET POSITION

Net Investment in Capital Assets 19,749,927 15,710,237 35,460,164 Restricted for:

Capital Projects 2,432,611 - 2,432,611 Library Operations 187,756 - 187,756 Loan Programs 225,627 - 225,627 Net Wisconsin Retirement System Pension Asset 595,276 49,661 644,937

Unrestricted 6,326,927 7,369,743 13,696,670Total Net Position 29,518,124$ 23,129,641$ 52,647,765$

A-13



RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES

TO NET POSITION OF GOVERNMENTAL ACTIVITIES

DECEMBER 31, 2020


TOTAL FUND BALANCES FOR GOVERNMENTAL FUNDS 11,761,929$

Capital assets and other non-current assets used in governmental activities are not financial resources and therefore are not reported in the funds. These assets consist of:

Land 1,266,326$ Construction Work in Progress 663,352 Buildings and Improvements 10,432,026 Improvements other than Buildings 2,109,722 Equipment 2,666,924 Vehicles 2,777,289 Infrastructure 47,778,200 Solar Investment 58,012 Accumulated Depreciation (26,506,106) 41,245,745

Some receivables, including special assessments, are reported as deferredinflows of resources in the fund financial statements but are recognized asrevenue when earned in the government-wide statements.

Special Assessments 525,273

Other post-employment benefits (OPEB) and pension plan assets, liabilities and related deferred outflows and inflows are recorded only on the Statement of NetPosition. Balances at year-end are:

Wisconsin Retirement Systems Multi-employer pension:Net Pension Plan Asset 595,276 Deferred Outflows of Resources 1,390,053 Deferred Inflows of Resources (1,789,021) 196,308

Local Retiree Life Insurance Multi-employer OPEB:Deferred Outflows of Resources 96,602 Net OPEB Plan Liability (197,312) Deferred Inflows of Resources (30,542) (131,252)

City Single-employer OPEB:Deferred Outflows of Resources 415,644 Net OPEB Liability (1,700,231) Deferred Inflows of Resources (289,381) (1,573,968)

Some liabilities are not due and payable in the current period and therefore are not reported in the funds. These liabilities consist of:

General Obligation Notes (14,846,000) State Trust Fund Revenue Obligation (6,392,832) Accrued Interest Payable (262,068) Developer Incentives (135,000) Landfill Post-Closure Liability (32,040) Compensated Absences (638,997) Unamortized Debt Premium (198,974) (22,505,911)

TOTAL NET POSITION OF GOVERNMENTAL ACTIVITIES 29,518,124$

Total net position reported for governmental activities in the statement of netposition is different because:

A-16



STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCE

GOVERNMENTAL FUNDS




Fund Service Projects TIF #3 Funds FundsREVENUES

Property Taxes 2,107,820$ 802,888$ -$ 4,306,208$ 855,342$ 8,072,258$ Other Taxes 444,813 - - - - 444,813 Special Assessment Revenue 202,061 - - - - 202,061 Intergovernmental 2,103,386 - - 210,934 260,443 2,574,763 License and Permits 402,236 - - - - 402,236 Fines, Forfeits, and Penalties 37,677 - - - 2,501 40,178 Public Charges for Services 259,593 - - - - 259,593 Interest Income 184,614 3,282 347 - 6,069 194,312 Sale of Land for Resale 511,310 - - - - 511,310 Miscellaneous Income 120,709 - - - 30,307 151,016

Total Revenues 6,374,219 806,170 347 4,517,142 1,154,662 12,852,540

EXPENDITURES

General Government 845,637 - 34,060 45,455 21,055 946,207 Public Safety 2,835,595 - 155,987 - - 2,991,582 Public Works 922,272 - 1,526,981 1,106,319 23,375 3,578,947 Health and Human Services 1,750 - - - - 1,750 Culture, Recreation, and Education 802,194 - 910,085 - 578,270 2,290,549 Conservation and Development 269,622 - - - 8,032 277,654 Debt Service:

Principal Payment - 3,006,713 - - - 3,006,713 Interest Expense - 648,452 56,824 - - 705,276

Total Expenditures 5,677,070 3,655,165 2,683,937 1,151,774 630,732 13,798,678

EXCESS (DEFICIENCY) OF REVENUES

OVER EXPENDITURES 697,149 (2,848,995) (2,683,590) 3,365,368 523,930 (946,138)

OTHER FINANCING SOURCES (USES)

Long-Term Debt Issued - 345,000 2,085,000 - - 2,430,000 Premium on Debt Issued - 11,810 56,336 - - 68,146 Transfers In 214,062 2,653,722 1,828,660 18,446 - 4,714,890 Transfers Out (1,828,660) - - (2,489,882) (182,286) (4,500,828) Sale of Capital Assets 5,745 - 31,993 - - 37,738 Other Sources - - - - - - Principal Payments on Refinanced Debt - - - - -

Total Other Financing Sources (Uses) (1,608,853) 3,010,532 4,001,989 (2,471,436) (182,286) 2,749,946

NET CHANGE IN FUND BALANCES (911,704) 161,537 1,318,399 893,932 341,644 1,803,808

Fund Balances - Beginning of Year 10,563,974 581,875 301,079 (2,296,418) 458,057 9,608,567

Prior Period Adjustment 349,554 - - - - 349,554

FUND BALANCES - END OF YEAR 10,001,824$ 743,412$ 1,619,478$ (1,402,486)$ 799,701$ 11,761,929$

Major Funds

A-17



RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF ACTIVITIES



NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS 1,803,808$

Amounts reported for governmental activities in the statement of activities aredifferent because:

Capital outlays are reported as expenditures in governmental funds. However,in the statement of activities, the cost of capital assets is allocated over theirestimated useful lives as depreciation expense. In the current period, theseamounts are:

Capital Outlays Reported in Governmental Fund Statements 3,064,942$ Depreciation and Amortization Expense Reported in the Statement of Activities (2,519,201) 545,741

In the statement of activities, only the gain or loss on the disposal of capital assets is reported whereas in the governmental funds, the proceeds from sales increase, financial resources and trade-ins are not reflected in capital outlays.

Disposal of governmental activities capital assets (101)

Receivables not currently available are reported as deferred inflows of resourcesin the fund financial statements, but are recognized as revenue when earned in the government-wide statements. 188,071

Other post-employment benefit and pension expenditures in the governmental funds are measured by current year employee contributions. Pension expenses on the statement of activities are measured by the change in net pension asset and related deferred outflows and inflows of resources:

Wisconsin Retirement Systems Multi-employer pension (8,060) Local Retiree Life Insurance Multi-employer OPEB (17,486) City Single-employer OPEB (147,875) (173,421)

Long-term debt incurred in governmental funds is reported as an other financing source, but is reported as an increase in outstanding long-term debt in the statement of net position and does not affect the statement of activities. Long-term debt incurred in the current year is:

General Obligation Notes (2,430,000) (2,430,000)

Repayment of long-term debt is reported as an expenditure in governmental funds, but the repayment reduces long-term liabilities in the statement of net position. In the current year, these amounts consist of:

General Obligation Notes 2,427,000 State Trust Fund Revenue Obligation 579,713 3,006,713

Debt discounts, premiums and charges on refunding are reported asexpenditures/other financing sources/uses in governmental fund but are deferredin the government wide statements and amortized over the life of the related debt. (68,146)

Some items reported in the statement of activities do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds. These activities consist of:

Net Change in Accrued Interest Payable 38,691 Amortization of Debt Premium 33,184 Net Change in Compensated Absences Payable (83,462) (11,587)

CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES 2,861,078$

A-18




PROPRIETARY FUNDS

DECEMBER 31, 2020



ASSETS

Current Assets:

Cash and Cash Equivalents 1,803,316$ 2,847,968$ 1,687,136$ 6,338,420$ Accounts Receivable 282,953 467,959 104,973 855,885 Other Accounts Receivable 93,232 - - 93,232 Due from Other Funds - 336 - 336 Inventories 19,608 - - 19,608

Total Current Assets 2,199,109 3,316,263 1,792,109 7,307,481

Noncurrent Assets:

Solar Investment 154,538 11,213 - 165,751 Special Assessment Receivable 147,270 132,560 - 279,830 Net Wisconsin Retirement System Pension Asset 33,537 12,899 3,225 49,661 Capital Assets:

Land and Improvements 106,201 20,475 - 126,676 Other Capital Assets 14,306,750 8,679,531 4,279,059 27,265,340 Less: Accumulated Depreciation (4,281,924) (3,026,662) (1,366,992) (8,675,578)

Total Capital Assets 10,131,027 5,673,344 2,912,067 18,716,438 Total Noncurrent Assets 10,466,372 5,830,016 2,915,292 19,211,680

Total Assets 12,665,481 9,146,279 4,707,401 26,519,161

DEFERRED OUTFLOWS OF RESOURCES

Wisconsin Retirement System Pension Related 78,312 30,121 7,530 115,963


A-19



STATEMENT OF NET POSITION (CONTINUED)

PROPRIETARY FUNDS

DECEMBER 31, 2020



LIABILITIES

Current Liabilities:

Accounts Payable 25,968$ 214,410$ 145$ 240,523$ Accrued Expenses 37,611 14,580 3,461 55,652 Accrued Interest Payable 4,333 3,571 2,673 10,577 Due to Other Funds 336 - - 336 Current Portion of Long-Term Debt:Notes Payable 208,000 116,000 127,000 451,000 Mortgage Revenue Bonds 24,180 - 16,507 40,687

Total Current Liabilities 300,428 348,561 149,786 798,775

Noncurrent Liabilities

Notes Payable 927,856 682,509 508,895 2,119,260 Mortgage Revenue Bonds 243,012 - 152,242 395,254

Total Long-Term Liabilities 1,170,868 682,509 661,137 2,514,514

Total Liabilities 1,471,296 1,031,070 810,923 3,313,289


Wisconsin Retirement System Pension Related 100,789 38,765 9,691 149,245 Regulatory Credit 42,949 - - 42,949

Total Deferred Inflows 143,738 38,765 9,691 192,194

NET POSITION

Net Investment in Capital Assets 8,727,979 4,874,835 2,107,423 15,710,237 Restricted for Net Wisconsin Retirement System Pension Asset 33,537 12,899 3,225 49,661 Unrestricted 2,367,243 3,218,831 1,783,669 7,369,743

Total Net Position 11,128,759$ 8,106,565$ 3,894,317$ 23,129,641$


A-20



STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION

PROPRIETARY FUNDS




OPERATING REVENUES

Charges for Services 1,315,225$ 1,498,675$ 351,729$ 3,165,629$ Other Operating Revenues 103,126 8,513 - 111,639

Total Operating Revenues 1,418,351 1,507,188 351,729 3,277,268

OPERATING EXPENSES

Operation and Maintenance 625,919 1,267,126 155,935 2,048,980 Depreciation 332,408 178,220 231,616 742,244 Taxes - 7,919 - 7,919

Total Operating Expenses 958,327 1,453,265 387,551 2,799,143

OPERATING INCOME (LOSS) 460,024 53,923 (35,822) 478,125

NON-OPERATING REVENUES (EXPENSES)

Interest and Investment Revenue 21,011 23,195 13,178 57,384 Miscellaneous Non-Operating Revenue 14,316 68,474 7,845 90,635 Interest Expense (31,869) (15,458) (21,174) (68,501)

Total Nonoperating Revenue (Expenses) 3,458 76,211 (151) 79,518

INCOME (LOSS) BEFORE CONTRIBUTIONS AND TRANSFERS 463,482 130,134 (35,973) 557,643

CAPITAL CONTRIBUTIONS AND TRANSFERS:

Capital Contributions 660,566 - 327,919 988,485 Capital Contribution from City 462,152 974,118 341,563 1,777,833 Transfers Out (214,062) - - (214,062)

Total Contributions and Transfers 908,656 974,118 669,482 2,552,256

CHANGE IN NET POSITION 1,372,138 1,104,252 633,509 3,109,899

Net Position - Beginning of Year 9,756,621 7,002,313 3,260,808 20,019,742

NET POSITION - END OF YEAR 11,128,759$ 8,106,565$ 3,894,317$ 23,129,641$


A-21



STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS




CASH FLOWS FROM OPERATING ACTIVITIES

Receipts From Customers 1,437,824$ 1,583,158$ 322,112$ 3,343,094$ Payments to Suppliers (469,999) (1,160,609) (82,524) (1,713,132) Payments to Employees (128,474) (99,950) (71,738) (300,162) Taxes Paid (Including In Lieu of Taxes) (219,779) (7,919) - (227,698)

Net Cash Provided by (Used for) Operating Activities 619,572 314,680 167,850 1,102,102

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES

Acquisition and Construction of Plant Assets (75,489) 128,598 (49,055) 4,054 Principal Payments on Long-Term Debt (204,268) (88,900) (131,639) (424,807) Interest Paid (36,152) (21,919) (23,235) (81,306) Special Assessments (85,261) (69,936) - (155,197)

Net Cash Provided by (Used for) Capital and Related Financing Activities (401,170) (52,157) (203,929) (657,256)

CASH FLOWS FROM INVESTING ACTIVITIES

Interest on Investments 21,011 23,195 13,178 57,384 Net Cash Provided by (Used for) Investing Activities 21,011 23,195 13,178 57,384

NET INCREASE (DECREASE) IN CASH

AND CASH EQUIVALENTS 239,413 285,718 (22,901) 502,230

Cash and Cash Equivalents - Beginning of Year 1,563,903 2,562,250 1,710,037 5,836,190

CASH AND CASH EQUIVALENTS - END OF YEAR 1,803,316$ 2,847,968$ 1,687,136$ 6,338,420$


A-22



STATEMENT OF CASH FLOWS (CONTINUED)

PROPRIETARY FUNDS



Water Sewer StormUtility Utility Water Totals

RECONCILIATION OF OPERATING INCOME (LOSS) TO

NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES

Operating Income (Loss) 460,024$ 53,923$ (35,822)$ 478,125$ Adjustments to Reconcile Operating Income (Loss) to

Net Cash Provided by (Used for) Operating Activities:Other Revenue 14,316 68,474 7,845 90,635 Depreciation 332,408 178,220 231,616 742,244 Tax Equivalent (214,062) - - (214,062) Changes in Assets and Liabilities:

Wisconsin Retirement System Pension AssetAsset (33,537) (12,899) (3,225) (49,661) Liability (35,345) (5,438) (2,039) (42,822) Deferred Inflows of Resources 51,399 31,166 6,842 89,407 Deferred Outflows of Resources 17,765 (15,340) (1,987) 438

Taxes Receivable (3,162) - - (3,162) Customer Accounts Receivable - 6,712 (37,462) (30,750) Inventory (5,717) (5,717) Other Receivables (1,983) 37 - (1,946) Solar Investment 10,302 747 - 11,049 Accounts Payable 7,445 (4,823) (813) 1,809 Accrued Liabilities 34,036 13,901 2,895 50,832 Regulatory Credit (14,317) - - (14,317)

Net Cash Provided by (Used for) Operating Activities 619,572$ 314,680$ 167,850$ 1,102,102$

NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES:

Capital Transferred from City 462,152$ 974,118$ 341,563$ 1,777,833$


A-23




FIDUCIARY FUNDS

AS OF DECEMBER 31, 2020


Custodial Fund

ASSETS

Cash and Cash Equivalents 2,519,030$ Taxes Receivable 5,181,903 Total Assets 7,700,933$


Taxes Levied for the Subsequent Year 7,700,933

NET POSITION

Restricted -$

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STATEMENT OF CHANGES IN NET POSITION

FIDUCIARY FUNDS



Custodial Fund

ADDITIONS

Tax Collections for Other Governments 7,629,610$

DEDUCTIONS

Payments of Taxes to Other Governments 7,629,610

CHANGE IN NET POSTION -

Net Position, January 1 -

NET POSITION, DECEMBER 31 -$

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NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements of the City of Altoona (the City) have been prepared in conformity with U.S. generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The significant accounting principles and policies utilized by the City are described below: A. Reporting Entity

This report includes all of the fund of the City of Altoona. The reporting entity for the City consists of the primary government, organizations for which the primary government is financially accountable and other organizations for which the nature and significance of their relationship with the primary government are such that their exclusion would cause the reporting entity’s financial statements to be misleading or incomplete. Component units are legally separate organizations for which the elected officials of the primary government are financially accountable. The primary government is financially accountable if it appoints a voting majority of the organization’s governing body and it is able to impose its will on that organization or there is potential for the organization to provide specific financial benefits to or burdens on the primary government. The primary government maybe financially accountable if an organization is fiscally dependent on the primary government. The following component unit was considered: The Housing Authority of the City of Altoona

Management of the City has determined that the Housing Authority is excluded as a component unit. The Authority is a legally separate organization and appointments to the Housing Authority Board of Commissioners are approved by the City Council. However, since the City cannot impose its will on the Authority and there is no material financial benefit to, or burden on, the City, the Housing Authority does not meet the criteria for inclusion in the reporting entity. Complete financial statements of the Housing Authority can be obtained from: Altoona Housing Authority 2404 Spooner Avenue Altoona, WI 54720


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B. Government-Wide and Fund Financial Statements


The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable to a specific function or segment. Program revenues include (a) charges to customers or applicants who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment; and (b) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Fund Financial Statements

Financial statements of the reporting entity are organized into funds, each of which is considered to be a separate accounting entity. Each fund is accounted for by providing a separate set of self-balancing accounts, which constitute its assets, deferred outflows of resources, liabilities, deferred inflows of resources, net position, fund equity, revenues, and expenditures/expenses. Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. The City reports the following major governmental funds:

General Fund – The General Fund is the operating fund of the City. It is used to account for all financial resources of the City, except those required to be accounted for in another fund. Debt Service Fund – The Debt Service Fund accounts for the accumulation of resources for, and the payment of, general long-term debt principal, interest and related costs. Capital Projects Fund – The Capital Projects Fund accounts for financial resources to be used for the acquisition or construction of major capital facilities other than those financed from proprietary funds.

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NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) B. Government-Wide and Fund Financial Statements (Continued)

Fund Financial Statements (Continued)

Tax Incremental Financing District #3 (TID No. 3 River Prairie) - Transactions of the City’s tax incremental districts are accounted for in capital projects funds along with capital outlay projects for which the City borrowed money.

The City reports the following major proprietary funds: Water Utility – This fund accounts for the operations of the water system. Utility operations are subject to regulation by the Wisconsin Public Service Commission. Sewer Utility – This fund accounts for the operations of the sewage collection system and treatment facilities. Storm Water - This fund accounts for the operations of the storm water system.

In addition, the City reports the following fund types: Fiduciary Funds

Custodial Fund – This fund is used to account for assets held by the municipality in a trustee capacity or as an agent for individuals, private organizations and/or other governmental units. The custodial fund is used to account for the collection of property taxes for other governmental entities.

C. Measurement Focus and Basis of Accounting

The government-wide, proprietary fund and fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues, expenses, gains, losses, assets, deferred outflows of resources, liabilities, and deferred inflows of resources resulting from exchange and exchange-like transactions are recognized when the exchange takes place. Nonexchange transactions, in which the City gives or receives value without directly receiving or giving equal value in exchange, include property taxes, grants, entitlements and donations. Property taxes are recognized as revenues in the year for which they are levied. Taxes receivable for the following year are recorded as receivables and deferred inflows of resources. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider are met. Special assessments are recorded as revenue when earned. Unbilled receivables, if any, are recorded as revenues when services are provided. As a general rule the effect of interfund activity has been eliminated from the government-wide financial statements. Exceptions to this general rule are charges between the government’s utility functions and various other functions of the government. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned.


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Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. The City considers all revenues to be available if they are collected within 60 days after the end of the current period. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, compensated absences, and claims and judgments, which are recognized as expenditures to the extent that they have matured. Proceeds of general long-term debt are reported as an other financing source.

Property taxes are recorded in the year levied as receivables and deferred inflows of resources. They are recognized in revenues in the succeeding year when services are financed by the levy are being provided. Intergovernmental aids and grants are recognized as revenues in the period the City is entitled to the resources and the amounts are available. Amounts owed to the City, which are not available, are recorded as receivables and deferred inflows of resources. Amounts received prior to the entitlement period are also recorded as deferred inflows of resources. Special assessments are recognized as revenues when they become measurable and available as current assets. Annual installments due in future years are reflected as receivables and deferred inflows of resources. Delinquent special assessments being held for collection by the county are reported as receivables and nonspendable fund balance in the general fund. Revenues susceptible to accrual include property taxes, miscellaneous taxes, public charges for services, special assessments and interest. Other general revenues such as fines and forfeitures, inspection fees, recreation fees, and miscellaneous revenues are recognized when received in cash or when measurable and available under the criteria described above. The City reports deferred inflows of resources on its governmental funds balance sheet. Deferred inflows arise from taxes levied in the current year, which are for subsequent year’s operations. For governmental fund financial statements, deferred inflows arise when potential revenue does not meet both the “measurable” and “available” criteria for recognition in the current period. Deferred inflows of resources also arise when resources are received before the City has a legal claim to them, as when grant monies are received prior to the incurrence of qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the City has a legal claim to the resources, the deferred inflows is removed from the balance sheet and revenue is recognized.

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The proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with proprietary funds’ principal ongoing operations. The principal operating revenues of the water and sewer utilities are charges to customers for sales and services. Operating expenses for proprietary funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. The financial statements of the City have been prepared in conformity with generally accepted accounting principles as applied to local government units, The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates.

D. Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position or Equity

1. Cash and Equivalents

The City's has pooled the cash resources of its funds in order to maximize investment opportunities. Each fund’s portion of total cash and investments is reported as cash and cash equivalents/investments by the City’s individual major funds, and in the aggregate for non-major and custodial funds. All deposits of the City are made in Council designated official depositories and are required to be secured by State Statute. The City may designate, as an official depository, any bank or savings association. Also, the City may establish time deposit accounts. Investments with remaining maturities at the time of purchase of one year or less are stated at amortized cost which approximates fair value. Investments with a maturity of more than one year at acquisition and non-money market investments are carried at fair value as determined by quoted market prices. For purposes of the proprietary fund Statement of Cash Flows, the City considers all highly liquid investments with a maturity of less than three months, when purchased, to be cash equivalents. This consists of current cash and investments.


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Equity (Continued)

2. Taxes Receivable Property taxes are levied prior to the end of the calendar year and are due and collectible in the following year. Property taxes attach an enforceable lien as of January 1. The City’s portion of taxes is recorded as a receivable in the general fund. The County acts as the collecting custodian for all City taxes. Since City property taxes are not considered available until January 1 of the year following the levy, they are recorded as deferred inflows of resources in the funds budgeted therefore. Taxes are levied in December on the assessed value as of the prior January 1. Property tax calendar – 2020 tax roll Lien date and levy date December, 2020 Tax Bills mailed December, 2020 Payment in full, or January 31, 2021 First installment due January 31, 2021 Second installment due July 31, 2021 Personal property taxes in full January 31, 2021 Tax sale – 2020 delinquent real estate taxes October 2023

3. Allowance for Uncollectible Accounts

No provision for uncollectible accounts receivable has been made for delinquent water and sewer billings because the utilities have the right by law to place delinquent bills on tax roll. Delinquent real estate taxes as of July 31 are paid in full by the County, which assumes the collection thereof.

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Equity (Continued)

4. Special Assessments

Assessments against property owners for public improvements are generally not subject to full settlement in the year levied. Deferred special assessments are place on tax rolls on an installment basis. Revenue from special assessments recorded in governmental funds is recognized as collections are made or as current installments are placed on tax rolls. Special assessments of proprietary funds are recorded as capital contributions at the time of assessment, if subject to collection. Special assessments not subject to collection are not recorded until such time as they are subject to collection. Uncollected installments placed on prior year tax rolls are held for collection by the County and are remitted to the City upon collection by the County. These delinquent installments are financed by the general fund.

5. Inventories

Inventories of proprietary funds are valued at cost using the first-in/first-out method and are charged as expenses or capitalized when used. Governmental fund inventory items are charged to expenditure accounts when purchased. Year-end inventory was not material for governmental funds.

6. Restricted Cash Restricted cash in the governmental funds consisted of the following: Library Building Restricted Cash 184,178$

7. Capital Assets


Capital assets are defined by the government as assets with an initial cost of more than $10,000 for general capital assets and $5,000 for proprietary capital assets including infrastructure assets, and an estimated historical cost if actual amounts are unavailable. Donated capital assets are valued at their estimated acquisition value at the date of donation. The City has retroactively reported infrastructure acquired prior to January 1, 2004 by its governmental fund types.


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Equity (Continued)

7. Capital Assets (Continued) General Capital Assets

Capital assets acquired or constructed for general governmental services are recorded as expenditures in the fund which the disbursements are made. Generally accepted accounting principles require that these capital assets be capitalized at cost in the government-wide financial statements. Interest incurred during construction is not capitalized.

Depreciation on governmental capital assets is calculated based on the estimated useful life of assets on a straight line basis. The estimated useful life of assets is determined by industry standards. Useful lives vary by asset type. Equipment and vehicles are depreciated over 5-20 years. Land improvements and building improvements are depreciated over 10-25 years. Streets are depreciated over 25 years. Buildings are depreciated over 50 years. Proprietary Fund Capital Assets

Assets in the proprietary fund are capitalized at cost or acquisition value at date of contribution or acquisition. Normal repairs and maintenance that do not add to the value of the asset or materially extend asset lives are not capitalized. Improvements are capitalized and depreciated over the remaining lives of the related assets. Net interest costs incurred for long-term debt issued for construction purposes is expensed when incurred. Depreciation is charged over the estimated service life of the assets using the straight-line method. Annual depreciation charges are determined using the average utility plant in service and rates ranging from 1.1% to 10.5% for the water utility, from 1.0% to 15.0% for the sewer utility and from 5.0% to 10.0% for the storm water utility, depending on the various classes of property, in the respective utilities.

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D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position or Equity (Continued) 8. Deferred Inflows and Outflows of Resources, Debt Issuance Costs, and Debt

Premiums, Discounts and Loss Deferred Inflows

Deferred inflows of resources represent an acquisition of net position that applies to a future period and so will not be recognized as an inflow of resources (revenue) until that time.

Deferred Outflows

Deferred outflows of resources represent a consumption of net position that applies to a future period and so will not be recognized as an outflow of resources expense/expenditure until then. Debt Issuance Costs

Debt issuance costs are recognized as expenditures in the current period for both the fund financial statements and the government-wide financial statements. Debt premiums received on debt issuance are reported as other financing sources while discounts on debt issuance are reported as other financing uses. Premiums and discounts are amortized over the term of the debt issue on the government-wide and proprietary fund statements.

9. Compensated Absences Under terms of employment, employees are granted sick leave and vacations in varying amounts. Only benefits considered to be vested are disclosed in these statements. The entire accumulation of compensated absences benefits is recorded in the Statement of Net Position. The liabilities are shown as governmental activities. Payments for vacation and sick leave will be made at rates in effect when the benefits are used. Accumulated vacation and sick leave liabilities at year-end are determined to on the basis of current salary rates.

10. Pensions For purposes of measuring the net pension liability (asset), deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Wisconsin Retirement System (WRS) and additions to/deductions from WRS’ fiduciary net position have been determined on the same basis as they are reported by WRS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.


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11. Long-Term Obligations

All long-term obligations to be repaid from governmental and business-type resources are reported as liabilities in the government-wide statements. The long-term obligations consist primarily of notes and bond payable, and accrued compensated absences.

All short-term and long-term obligations expected to be financed from proprietary fund type operations are accounted for as those fund’s liabilities. Proceeds of long-term debt issues not recorded as fund liabilities are reflected as “Other Financing Sources” in the operating statement of the recipient fund. Retirement of these issues is reported as an expenditure of the debt service fund in the year in which the debt matures or is repaid, whichever is earlier. Conduit debt obligations, such as industrial revenue bonds (IRBS), approved for business enterprises, do not constitute debt of the City. Accordingly, the bonds are not recorded in the City’s financial statements.

12. Other Post-Employment Obligations Multiple-Employer Other Postemployment Benefits

Retiree Life Insurance: The fiduciary net position of the Local Retiree Life Insurance Fund (LRLIF) has been determined using the flow of economic resources measurement focus and the accrual basis of accounting. This includes for purposes of measuring the net OPEB liability, deferred outflows and inflows of resources related to other post-employment benefits, OPEB expense, and information about the fiduciary net position of the LRLIF and additions to/deductions from LRLIF’s fiduciary net position have been determined on the same basis as they are reported by LRLIF. For this purpose, benefit payments are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.

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13. Claims and Judgments

Claims and judgments are recorded as liabilities if all the conditions of Governmental Accounting Standards Board pronouncements are met. Claims and judgments that would normally be liquidated with expendable available financial resources are recorded during the year as expenditures in the governmental funds. If they are not to be liquidated with expendable financial resources, no liability is recognized in the governmental fund statements. The related expenditure is recognized when the liability is liquidated. Claims and judgments are recorded in the government-wide statements and proprietary funds as expenses when the related liabilities are incurred. There were no significant claims or judgments at year-end requiring accrual.

14. Equity and Net Position Classifications Government-Wide Statements

Equity is classified as net position and displayed in three components:

a. Net Investment in Capital Assets – Consists of capital assets including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes, or other borrowings that are attributable to the acquisition, construction or improvement of those assets.

b. Restricted Net Position – Consists of net position with constraints placed on their use either by 1) external groups such as creditors, grantors, contributors or laws or regulations of other governments or, 2) law through constitutional provisions or enabling legislation.

c. Unrestricted Net Position – All other net position that does not meet the definition of “restricted” or “net investment in capital assets”.

When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted resources first, then unrestricted resources as they are needed.

Fund Financial Statements – Governmental Funds – Fund Balance

In the fund financial statements, governmental fund balance is presented in five possible categories: Non-spendable – Resources which cannot be spent because they are either a) not in spendable form or; b) legally or contractually required to be maintained intact. Restricted – Resources with constraints placed on the use of resources are either a) externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments; or b) imposed by law through constitutional provisions or enabling legislation.


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Equity (Continued)

14. Equity and Net Position Classifications (Continued)

Fund Financial Statements – Governmental Funds – Fund Balance (Continued)

Committed – Resources which are subject to limitation the government imposes upon itself at its highest level of decision making, and that remain binding unless removed in the same manner. Assigned – Resources neither restricted nor committed for which a government has a stated intended use as established by the Council or a body or official of which the Council has designated the authority to assign amounts for specific purposes. Unassigned – Resources which cannot be properly classified in one of the other four categories. The General Fund is the only fund that reports a positive unassigned fund balance amount. Unassigned balances also include negative balances in the governmental funds reporting resources restricted for specific programs. When restricted and other fund balances are available for use, it is the City’s policy to use restricted resources first, followed by committed, assigned, and unassigned amounts, respectively.

E. Revenue Recognition – Proprietary Funds

The City’s Sewer and Storm Water Utility user charges are established by the City Council and are not regulated. The Water Utility operates under service rules, which are established by the Public Service Commission of Wisconsin. Water rate charges are regulated by the Public Service Commission. Billings are made to customers on a quarterly basis for service.

F. Income Taxes

The City of Altoona water, sewer, and storm water utilities are municipal utilities. Municipal utilities are exempt from income taxes and therefore no income tax liability is recorded.

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G. Stewardship, Compliance, and Accountability

Budgetary Information

The City’s budget is adopted in accordance with Chapter 65 of the Wisconsin Statutes. Changes to appropriations authorized in the adopted budget generally require a vote of two-thirds of the entire membership of the governing body. Budgetary expenditure control is exercised at the individual account level. Budget amounts include appropriations authorized in the original budget, any City Council approved amendments, appropriations of restricted resources received for funding specific expenditures and designated portions of the beginning balance of the general fund’s equity expected to finance expenditures of the current fiscal year. Unused appropriations lapse at year-end unless specifically carried over for financing subsequent year expenditures. Operating budgets are adopted each year for the general fund.

H. Capital Contributions – Proprietary Funds

Contributions in aid of construction represent amounts received from customers for construction and the value of property (plant) contributed to the utilities.

I. Inter-fund Transactions

Quasi-external transactions are accounted for as revenues, expenditures or expenses. Such transactions include the following: The water utility is charged a tax equivalent due to the general fund. Charges for the tax equivalent and equipment use are recorded as operating transfers in the general fund and water utility fund financial statements. The tax equivalent is recorded as a transfer in the government-wide statements as well. In addition, the water and sewer utilities provide basic services to the general fund. Charges for fire protection, sanitation and basic services are recorded as expenditures in the general fund.


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I. Inter-fund Transactions (Continued)

The sewer utility pays an annual meter use charge to the water utility in accordance with requirements of the Public Service Commission. The annual charge is recorded as an operating expense of the sewer utility and as a reduction of various operating expenses and as operating revenue of the water utility based on the components of the charge. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund are recorded as expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fund that is reimbursed. The City pools its cash. Its inter-fund receivables/payables represent cash loaned to other funds on an interim basis. The city also uses inter-fund receivables/payables to record its tax levy for the subsequent year. All other inter-fund operations are reported as operating transfers.

J. Advances to Other Funds

Non-current portions of long-term inter-fund loan receivables are reported as advances and are classified as non-spendable fund balance which indicates that they do not constitute expendable available financial resources and therefore are not available for appropriation.

K. PSC Regulatory Credit

In 2004 the Public Service Commission of Wisconsin required regulated utilities to create a regulatory credit account. The amount of the credit was equal to the estimated accumulated depreciation on contributed utility plant as of December 31, 2003. The credit has the effect of reducing the rate base used by the Commission in approving user rates charged by the utilities. The credit is reported as a deferred inflow on the statement of net position. The credit is being amortized to non-operating income over a period of 20 years. As of December 31, 2020, the balance was $42,949.

L. Limitations on the City Tax Levy

As part of Wisconsin’s Act 25 (2005), legislation was passed that limits the City’s future tax levies. Generally, the City is limited to its prior tax levy dollar amount, increased by the percentage change in the City’s equalized value due to new construction. Changes in debt service from one year to the next are generally exempt from this limit.

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M. Tax Incremental Financing Districts

The City has three Tax Incremental Districts (TIDs). TID’s are authorized by Section 66.1105 of the Wisconsin Statutes. It is a method by which the City can recover its project costs in designated districts of the City. Those costs are recovered through tax increments, which are placed on the tax roll.

NOTE 2 CASH AND EQUIVALENTS

Cash for all City funds is pooled for investment purposes. At December 31, 2020, the cash and equivalents consist of the following:

Governmental Funds 10,370,572$ Proprietary Funds 6,338,420 Fiduciary Funds 2,519,030

Total 19,228,022$

The above cash and investments balances consisted of the following:

Deposits at Financial Institutions 19,139,689$ Investments in Local Governmental Investment Pool 87,833 Petty Cash 500

Total 19,228,022$

Investments Authorized by Wisconsin Statutes

Investment of City funds is restricted by State statutes. Available investments are limited to:

1) Deposits in any credit union, bank, savings bank, trust company or savings and loan association which is authorized to transact business in this State;

2) Bonds or securities issued or guaranteed as to principal and interest by the federal government, or by a commission, board or other instrumentality of the federal government;

3) Bonds or securities of any county, drainage district, VTAE district, village, city, town, district or school district of this State;

4) Any security which matures or which may be tendered for purchase at the option of the holder within not more than seven years of the date on which it is acquired, if that security has a rating which is the highest or second highest rating category assigned by Standard & Poor’s Corporation, Moody’s investor services or other similar nationally recognized rating agency or if that security is senior to, or on a parity with, a security of the same issuer which has such a rating;

5) Bonds or securities issued under the authority of the municipality; 6) The local government pooled-investment fund as established under Section

25.50 of the Wisconsin Statutes;


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NOTE 2 CASH AND EQUIVALENTS (CONTINUED) Investments Authorized by Wisconsin Statutes (Continued)

7) Agreements in which a public depository agrees to repay funds advanced to it by the City, plus interest, if the agreement is secured by bonds or securities issued or guaranteed as to principal and interest by the federal government;

8) Securities of an open-end management investment company or investment trust, subject to various conditions and investment options;

9) Repurchase agreements with public depositories, with certain conditions; 10) Bonds issued by the University of Wisconsin Hospital and Clinics Authority, and

the Wisconsin Aerospace Authority. Interest Rate Risk

Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. The City does not have a formal investment policy that limits investment maturities as a means of managing its exposure of fair value loss arising from increasing interest rates. Custodial Credit Risk

The City's balances at individual financial institutions were subject to coverage under federal depository insurance and amounts appropriated by Sections 20.144(1)(a) and 34.08 of the Wisconsin Statutes (State Guarantee Fund). Federal depository insurance provides for coverage for governmental entities of up to $250,000 for time and savings deposits and an additional $250,000 for demand deposits. In addition, funds held for others (such as trust funds) are subject to coverage under the name of the party for whom the funds are held. Coverage under the State Guarantee Fund may not exceed $400,000 above the amount of coverage under federal depository insurance at any institution and is limited by the availability of the appropriations authorized therein. (Due to the relatively small size of the State Guarantee Fund in relation to the total coverage, total recovery of losses may not be available.) Also, Section 34.07 of the Wisconsin Statutes authorizes the City to collateralize its deposits that exceed the amount of coverage provided by federal depository insurance and the State Guarantee Fund. Custodial credit risk for deposits is the risk that in the event of bank failure, the City’s deposits may not be returned. At December 31, 2020, the City’s deposits at financial institutions were fully covered by federal and state depository coverage as well as collateral agreements with financial institutions.

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NOTE 2 CASH AND EQUIVALENTS (CONTINUED)

Custodial Credit Risk (Continued)

The State of Wisconsin offers a Local Government Investment Pool (LGIP) to local government units to enable them to voluntarily invest idle funds in State Investment Fund. Local funds are pooled with state funds and invested by the State Investment Board. There is no minimum or maximum amount that can be invested by a local governmental unit. Interest is earned on a daily basis and withdrawals are generally available on day of request. Deposits in the LGIP are not covered by federal depository insurance but are subject to coverage under the State Guarantee Fund. Also, the State of Wisconsin Investment Board has obtained a surety bond to protect deposits in the LGIP against defaults in principal payments on the LGIP’s investments (subject to certain limitations). The average monthly weighted average maturity of the State Investment Fund’s investments for 2020 was 30 days.

Credit Risk

Generally, credit risk for investments is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. State law limits investments in commercial paper, corporate bonds, and mutual bond funds to the top two ratings issued by nationally recognized statistical rating organizations. The City has no investment policy that would further limit its investment choices. As of December 31, 2020, the City’s investment in the Wisconsin Local Government Investment Pool was not rated.

NOTE 3 RECEIVABLES

The City’s special assessments receivables of $805,103 are set up for installment and anticipated to be collected over 10 years. The CDBG loan receivables of $75,085 is not expected to be collected in the next year. All other receivables are anticipated to be collected within one year.


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NOTE 4 CAPITAL ASSETS

Capital asset activity in the governmental activities for the year ended December 31, 2020 is as follows:

Governmental Activities

Beginning Ending Balance Increases Decreases Balance

Non-Depreciable Capital AssetsLand 1,266,326$ -$ -$ 1,266,326$ Construction Work in Progress 1,936,460 663,352 1,936,460 663,352

Total Capital Assets Not Being Depreciated 3,202,786 663,352 1,936,460 1,929,678

Capital Assets Being DepreciatedBuildings and Improvements 10,381,298 50,728 - 10,432,026 Improvements other than Buildings 1,637,349 472,373 - 2,109,722 Equipment 2,649,717 57,407 40,200 2,666,924 Vehicles 2,526,273 404,339 153,323 2,777,289 Infrastructure 44,424,997 3,353,203 - 47,778,200


Total Capital Assets 64,822,420 5,001,402 2,129,983 67,693,839

Accumulated Depreciation:Buildings and Improvements 3,274,250 246,195 - 3,520,445 Improvements other than Buildings 469,025 76,938 - 545,963 Equipment 1,395,311 191,529 40,099 1,546,741 Vehicles 1,558,283 219,990 153,323 1,624,950 Infrastructure 17,487,325 1,780,682 - 19,268,007

Total Accumulated Depreciation 24,184,194 2,515,334 193,422 26,506,106

Capital Assets Net of Depreciation 40,638,226$ 2,486,068$ 1,936,561$ 41,187,733$

Depreciation was charged to governmental functions as follows:

General Government 51,517$ Public Safety 196,396 Public Works 1,914,884 Culture, Recreation and Education 352,537 Total Depreciation - Governmental Activities 2,515,334$

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NOTE 4 CAPITAL ASSETS (CONTINUED)

Capital asset activity in the business-type activities for the year ended December 31, 2020 was as follows:

Business-Type Activities

Beginning EndingBusiness-Type Activities Balance Increases Decreases BalanceWater Utility:

Non-Depreciable Capital AssetsLand 106,201$ -$ -$ 106,201$ Construction Work in Progress 13,275 71,294 - 84,569

Total Non-Depreciable Capital Assets 119,476 71,294 - 190,770

Capital Assets Being Depreciated:Buildings and Improvements 1,097,305 - - 1,097,305 Vehicles and Equipment 2,078,780 151,420 31,000 2,199,200 Infrastructure 9,997,103 975,493 46,920 10,925,676


Total Capital Assets 13,292,664 1,126,913 77,920 14,412,951

Accumulated DepreciationBuildings and Improvements 426,141 34,895 - 461,036 Vehicles and Equipment 1,182,024 109,568 31,000 1,260,592 Infrastructure 2,419,271 187,945 46,920 2,560,296



Sewer Utility:Non-Depreciable Capital Assets

Land 20,475$ -$ -$ 20,475$ Total Non-Depreciable Capital Assets 20,475 - - 20,475

Capital Assets Being Depreciated:Vehicles and Equipment 2,291,105 161,113 - 2,452,218 Infrastructure 5,557,624 684,407 14,718 6,227,313

Total Capital Assets Being Depreciated 7,848,729 845,520 14,718 8,679,531

Total Capital Assets 7,869,204 845,520 14,718 8,700,006

Accumulated DepreciationVehicles and Equipment 2,169,143 110,320 - 2,279,463 Infrastructure 694,017 67,900 14,718 747,199



Storm Water Utility:Capital Assets Being Depreciated:

Vehicles and Equipment 460,024$ -$ -$ 460,024$ Infrastructure 3,100,498 718,537 - 3,819,035

Total Capital Assets Being Depreciated 3,560,522 718,537 - 4,279,059

Total Capital Assets 3,560,522 718,537 - 4,279,059

Accumulated DepreciationVehicles and Equipment 186,015 40,664 - 226,679 Infrastructure 949,361 190,952 - 1,140,313

Less Accumulated Depreciation 1,135,376 231,616 - 1,366,992



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NOTE 4 CAPITAL ASSETS (CONTINUED) Depreciation was charged to business-type activities as follows: Water 332,408$ Sewer 178,220Storm Water 231,616

Total Depreciation - Business-Type Activities 742,244$

NOTE 5 LONG-TERM OBLIGATIONS

All general obligation notes and bonds payable are backed by the full faith and credit of the municipality. Governmental activities debt will be retired by future property tax levies accumulated by the debt service fund. Proprietary fund debt is payable by revenues from user fees of those funds, or if the revenues are not sufficient, by future tax levies. The following is a summary of long-term debt transactions of the City governmental activities for the year ended December 31, 2020:

AmountsBalance Balance Due Within1/1/20 Issued Retired 12/31/20 One Year

Governmental ActivitiesGeneral Obligation Notes 14,843,000$ 2,430,000$ 2,427,000$ 14,846,000$ 2,154,000$ State Trust Fund Revenue Obligation - Direct Borrowings and Direct Placements 6,972,545 - 579,713 6,392,832 606,659 Developer Incentives 135,000 - - 135,000 - Landfill Post-Closure Liability 32,040 - - 32,040 - Compensated Absences 555,535 83,462 - 638,997 180,337 Unamortized Debt Premium 164,012 68,146 33,184 198,974 -

Sub-Total Governmental Activities 22,702,132 2,581,608 3,039,897 22,243,843 2,940,996

Business-Type ActivitiesGeneral Obligation Notes 2,933,000 - 382,000 2,551,000 451,000 Mortgage Revenue Bonds - Direct Borrowings and Direct Placements 475,603 - 39,662 435,941 40,687 Unamortized Debt Premium 22,405 - 3,145 19,260 -

Sub-Total Business-Type Activities 3,431,008 - 424,807 3,006,201 491,687

Total 26,133,140$ 2,581,608$ 3,464,704$ 25,250,044$ 3,432,683$ Compensated absences have historically been paid by the general fund. Security and Default. The outstanding long-term debt obligations of the City contain the following provisions: General Obligation Bonds: The notes are general obligations of the City, and all the taxable property in the City is subject to the levy of a tax to pay the principal and interest on the notes as they become due. The levy, under current tax law, may be levied without limitation to rate or amount. Principal and interest paid for the current year and tax levy were $3,200,339 and $802,888, respectively. $2,653,722 was transferred from TIDs to make principal and interest payments.

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NOTE 5 LONG-TERM OBLIGATIONS (CONTINUED) Security and Default (Continued). State Trust Fund Loans: The City’s outstanding notes from direct borrowings related to governmental activities of $6,392,832 are subject to a statutory provision that an event of late or non-payment, a one percent per month penalty will be charged and the payment will be collected through a reduction in payments from the State of Wisconsin. The notes are payable only from and secured by a pledge of the income and revenues to be derived from TID #3. Principal and interest paid for the current year were $894,337 and $1,024,575, respectively. Water System Revenue Bonds: The bonds are payable from a pledge of revenues of the water utility system. Principal and interest paid for the current year and total customer net revenues were $29,797 and $689,306, respectively. Storm Water System Revenue Bonds: The bonds are payable from a pledge of revenues of the storm water utility system. Principal and interest paid for the current year and total customer net revenues were $21,575 and $195,794, respectively. Safe Drinking Water and Clean Water Fund Loan Programs: The City’s outstanding notes from direct borrowings related to business type activities of $435,941 contain the following provisions in the event of a default: 1) Wisconsin Department of Administration can deduct amounts due from any state payments due to the City or add the amounts due as a special charge to the property taxes apportioned; 2) may appoint a receiver for the Program’s benefit; 3) may declare the principal amount immediately due and payable; 4) may enforce any right or obligation under the financing agreement including the right to seek specific performance or mandamus; and 5) may increase the interest rate set forth in the financing agreement to the market interest rate. Total General Obligation Debt as of December 31, 2020 consists of:

Year

Original Issue of Interest Debt Due Within Amount Date Maturity Rate Outstanding One Year

General Obligation Bonds:GO Notes 2012 2,845,000$ August 2012 2022 0.4 - 1.8% 760,000$ 385,000$ GO Notes 2014 B 4,625,000 October 2014 2024 2.0 - 2.5% 3,085,000 735,000 GO Notes 2015 A 3,260,000 October 2015 2025 2.0 - 2.125% 1,625,000 360,000 GO Notes 2016 A 7,000,000 September 2016 2026 1.75 - 2.15% 4,655,000 620,000 GO Notes 2018A 2,030,000 January 2018 2027 3.00% 1,580,000 100,000 GO Notes 2019A 1,200,000 January 2019 2028 2.29% 1,013,000 33,000 GO Notes 2019B 2,332,000 April 2019 2029 2.60% 2,249,000 132,000 GO Notes 2020A 2,430,000 November 2020 2027 2.00% 2,430,000 240,000

Total 17,397,000$ 2,605,000$


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NOTE 5 LONG-TERM OBLIGATIONS (CONTINUED) Summary of Debt Service Requirements The annual principal and interest requirements to amortize all governmental debt and proprietary general obligation debt outstanding as of December 31, 2020 are as follows:

Year Principal Interest Principal Interest Principal Interest Principal Interest

2021 2,154,000$ 314,893$ 606,659$ 287,677$ 451,000$ 62,489$ 2,605,000$ 377,382$ 2022 2,089,000 270,403 633,959 260,378 449,000 51,872 2,538,000 322,275 2023 1,968,000 225,335 662,487 231,850 442,000 41,246 2,410,000 266,581 2024 2,204,000 173,463 691,745 202,591 405,000 28,853 2,609,000 202,316 2025 1,489,000 132,534 723,427 170,909 256,000 20,051 1,745,000 152,585

2026-2029 4,942,000 208,039 3,074,555 343,309 548,000 29,718 5,490,000 237,757 14,846,000$ 1,324,667$ 6,392,832$ 1,496,714$ 2,551,000$ 234,229$ 17,397,000$ 1,558,896$

State Trust Fund RevenueObligation - Direct Borrowings

and Direct PlacementsGeneral Obligation Notes

Proprietary TotalGovernmental

In accordance with Section 67.03 (1) of the Wisconsin Statutes, total general obligation indebtedness of the City may not exceed 5% of the equalized value of taxable property within the City’s jurisdiction. The state trust fund revenue obligations do not count towards the general obligation debt limit. The following computation compares the total debt allowable for the City of Altoona with the actual outstanding indebtedness at December 31, 2020:

Equalized valuation 806,015,500$ Legal debt capacity (5% of equalized value 40,300,775$ General obligation debt 17,397,000$ Unused borrowing capacity 22,903,775$ Percent of debt capacity remaining 56.8%

Mortgage Revenue Bonds Outstanding mortgage revenue bonds for the water and storm water utility totaled $435,951 on December 31, 2020. The City’s full faith and credit do not back mortgage revenue bonds which are instead backed only by the assets and revenue of the water and storm water utilities (proprietary funds). Individual debt issues outstanding at December 31, 2020 are:

YearOriginal Issue of Interest Debt Due Within

Mortgage Revenue Bonds: Amount Date Maturity Rate Outstanding One YearWater 458,481$ December 2010 2030 2.20% 267,192$ 24,179$ Storm Water 355,225 December 2009 2029 3.15% 168,759 16,507 Total Mortgage Revenue Bonds 435,951$ 40,686$

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NOTE 5 LONG-TERM OBLIGATIONS (CONTINUED) Mortgage Revenue Bonds (Continued) Scheduled annual requirements for retirement of the mortgage revenue bond obligations debt outstanding at December 31, 2020 are summarized as follows:

Year Principal Interest Principal Interest Principal Interest

2021 24,179$ 5,612$ 16,507$ 5,060$ 40,686$ 10,672$ 2022 24,711 5,074 17,028 4,532 41,739 9,606 2023 25,255 4,525 17,565 3,986 42,820 8,511 2024 25,811 3,963 18,119 3,424 43,930 7,387 2025 26,378 3,389 18,690 2,844 45,068 6,233

2026-2030 140,868 7,883 80,840 5,198 221,708 13,081 267,202$ 30,446$ 168,749$ 25,044$ 435,951$ 55,490$

Mortgage Revenue BondsWater Storm Water Total

NOTE 6 INTER-FUND ACTIVITY As of December 31, 2020, the composition of interfund balances was as follows:


Sewer Fund Water Fund 336$ Finance Operating Expenses


General Fund River Prairie TIF #3 1,597,066$ Cashflow BorrowingGeneral Fund Business Park TIF #2 419,885 Cashflow Borrowing

2,016,951$

The schedule of inter-fund transfer activity is as follows:

Fund Transferred To Fund Transferred From Amount PurposeDebt Service Fund River Prairie TIF #3 2,259,753$ TIF Debt PaymentDebt Service Fund River Prairie TIF #4 163,840 TIF Debt PaymentDebt Service Fund River Prairie TIF #3 230,129 TIF Debt PaymentRiver Prairie TIF #3 Business Park TIF #2 18,446 Donor TIF District AllocationCapital Project Fund General Fund 1,828,660 Land AcqusitionGeneral Fund Water Utility 214,062 Property Tax Equivalent

4,714,890$


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NOTE 7 WISCONSIN RETIREMENT SYSTEM

General Information about the Pension Plan

Plan Description. The WRS is a cost-sharing multiple-employer defined benefit pension plan. WRS benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. Benefit terms may only be modified by the legislature. The retirement system is administered by the Wisconsin Department of Employee Trust Funds (ETF). The system provides coverage to all eligible State of Wisconsin, local government and other public employees. All employees, initially employed by a participating WRS employer on or after July 1, 2011, expected to work at least 1,200 hours a year (880 hours for teachers and school district educational support employees) and expected to be employed for at least one year from employee’s date of hire are eligible to participate in the WRS. ETF issued a standalone WRS Financial Report, which can be found at https://etf.wi.gov/about-etf/reports-and-studies/financial-reports-and-statements Vesting. For employees beginning participation on or after January 1, 1990, and no longer actively employed on or after April 24, 1998, creditable service in each of five years is required for eligibility for a retirement annuity. Participants employed prior to 1990 and on or after April 24, 1998, and prior to July 1, 2011, are immediately vested. Participants who initially became WRS eligible on or after July 1, 2011, must have five years of creditable service to be vested. Benefits provided. Employees who retire at or after age 65 (54 for protective occupations and 62 for elected officials and executive service retirement plan participants, if hired on or before 12/31/2016) are entitled to a retirement benefit based on a formula factor, their final average earnings, and creditable service. Final average earnings is the average of the participant's three highest annual earnings periods. Creditable service includes current service and prior service for which a participant received earnings and made contributions as required. Creditable service also includes creditable military service. The retirement benefit will be calculated as a money purchase benefit based on the employee’s contributions plus matching employer's contributions, with interest, if that benefit is higher than the formula benefit. Vested participants may retire at or after age 55 (50 for protective occupations) and receive an actuarially-reduced benefit. Participants terminating covered employment prior to eligibility for an annuity may either receive employee-required contributions plus interest as a separation benefit or leave contributions on deposit and defer application until eligible to receive a retirement benefit. The WRS also provides death and disability benefits for employees.

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General Information about the Pension Plan (Continued)

Contributions. Required contributions are determined by an annual actuarial valuation in accordance with Chapter 40 of the Wisconsin Statutes. The employee required contribution is one-half of the actuarially determined contribution rate for General category employees, including Teachers, Executives and Elected Officials. Starting on January 1, 2016, the Executives and Elected Officials category was merged into the General Employee Category. Required contributions for protective employees are the same rate as general employees. Employers are required to contribute the remainder of the actuarially determined contribution rate. The employer may not pay the employee required contribution unless provided for by an existing collective bargaining agreement. During the fiscal reporting period January 1, 2020 through December 31, 2020, the WRS recognized $231,136 in contributions from the employer.

Contribution rates for 2020 are:

Employee Employer

General (including Teachers) 6.75% 6.75%Protective with Social Security 6.75% 10.65%Protective without Social Security 6.75% 16.25%

Post-Retirement Adjustments. The Employee Trust Funds Board may periodically adjust annuity payments from the retirement system based on annual investment performance in accordance with s. 40.27, Wis. Stat. An increase (or decrease) in annuity payments may result when investment gains (losses), together with other actuarial experience factors, create a surplus (shortfall) in the reserves, as determined by the system’s consulting actuary. Annuity increases are not based on cost of living or other similar factors. For Core annuities, decreases may be applied only to previously granted increases. By law, Core annuities cannot be reduced to an amount below the original, guaranteed amount (the “floor”) set at retirement. The Core and Variable annuity adjustments granted during recent years are as follows:

Core Fund Variable Fund

Year Adjustment Adjustment

2010 (1.3)% 22.0%2011 (1.2) 11.0 2012 (7.0) (7.0) 2013 (9.6) 9.0 2014 4.7 25.0 2015 2.9 2.0 2016 0.1 (5.0) 2017 2.0 4.0 2018 2.4 17.0 2019 - (10.0)


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Pension Assets, Liabilities, Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions

At December 31, 2020, the City reported an asset of $644,937 for its proportionate share of the net pension asset. The total pension liability used to calculate the net pension asset was determined by an actuarial valuation as of December 31, 2018 rolled forward to December 31, 2019. No material changes in assumptions or benefit terms occurred between the actuarial valuation date and the measurement date. The City’s proportion of the net pension asset was based on a projection of the City’s long-term share of contributions to the pension plan relative to the projected contributions of all participating employers. At December 31, 2019, the City’s proportion was 0.02000141 percent, which was an increase of 0.00089613 percent from its proportion measured as of December 31, 2018. For the year ended December 31, 2020, the City recognized pension expense of $236,433. At December 31, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources


of ResourcesDeferred Inflows of

ResourcesDifferences Between Expected and Actual Experience 1,224,236$ 612,648$ Changes of Assumptions 50,257 - Net Difference Between Projected and Actual Earnings on Pension Plan Investments - 1,318,477 Changes in Proportion and Differences Between City Contributions and Proportionate Share of Contributions 387 7,141 City Contributions Subsequent to the Measurement Date 231,136 - Total 1,506,016$ 1,938,266$

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Pension Assets, Liability, Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions (Continued)

$231,136 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as an addition to the net pension asset in the year ended December 31, 2021. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

Year Ended December 31:

Pension Expense Amount

2021 (198,915)$ 2022 (147,036) 2023 21,636 2024 (339,071) 2025 -

Thereafter -

Actuarial Assumptions

The total pension liability in the actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:

Actuarial Valuation Date: December 31, 2018Measurement Date of Net Pension Liability (Asset): December 31, 2019Actuarial Cost Method: Entry Age NormalAsset Valuation Method: Fair ValueLong-Term Expected Rate of Return: 7.0%Discount Rate: 7.0%Inflation: 3.00%Salary Increases: 0.1% to 5.6% including inflation

Mortality: Wisconsin 2018 Mortality Table

Post-retirement Adjustments* 1.9%*No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return, actuarial experience and other factors. 1.9% is the assumed annual adjustment based on the investment return assumption and the post-retirement discount rate.


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Actuarial Assumptions (Continued)

Actuarial assumptions are based upon an experience study conducted in 2018 that covered a three-year period from January 1, 2015 to December 31, 2017. The Total Pension Liability for December 31, 2019 is based upon a roll-forward of the liability calculated from the December 31, 2018 actuarial valuation.

The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the table on the following table:

Asset Class Target

Allocation

Long-Term Expected Real Rate of Return Asset Class

Target Allocation

Long-Term Expected Real Rate of Return

Global Equities 49.0% 5.1% Domestic Equity 70.0% 4.6%Fixed Income 24.5% 2.1% International Equity 30.0% 5.3%Inflation Sensitive Assets 15.5% 1.2% Fixed Income N/A N/AReal Estate 9.0% 3.5% Inflation Sensitive Assets N/A N/APrivate Equity/Debt 8.0% 7.6% Real Estate N/A N/AMulti-Asset 4.0% 4.0% Private Equity/Debt N/A N/ACash 0.0% 0.0% Multi-Asset N/A N/ATotals 110.0% 4.6% Cash N/A N/A

Totals 100.0% 4.9%

Core Asset Allocation Variable Asset Allocation

Discount rate

A single discount rate of 7.00% was used to measure the total pension liability. This single discount rate was based on the expected rate of return on pension plan investments of 7.00% and a municipal bond rate of 2.75% (Source: Fixed income municipal bonds as reported in Fidelity Index’s “20-year Municipal GO AA Index” as of December 31, 2019. In population of over 10,000 tax-exempt securities). Because of the unique structure of WRS, the 7.00% expected rate of return implies that a dividend of approximately 1.9% will always be paid. For purposes of the single discount rate, it was assumed that the dividend would always be paid. The projection of cash flows used to determine this single discount rate assumed that plan member contributions will be made at the current contribution rate and that employer contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on these assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments (including expected dividends) of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

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Discount rate (Continued)

Sensitivity of the City’s proportionate share of the net pension liability (asset) to changes in the discount rate. The following presents the City’s proportionate share of the net pension liability (asset) calculated using the discount rate of 7.0 percent, as well as what the City’s proportionate share of the net pension liability (asset) would be if it were calculated using a discount rate that is 1-percentage-point lower (6.0 percent) or 1-percentage-point higher (8.0 percent) than the current rate:

1% Decrease (6.00%)


(7.00%)1% Increase

(8.00%) City's Proportionate Share of the Net Pension Liability (Asset) 1,660,827$ (644,937)$ (2,368,760)$

Pension plan fiduciary net position. Detailed information about the pension plan’s fiduciary net position is available in separately issued financial statements available at https://etf.wi.gov/about-etf/reports-and-studies/financial-reports-and-statements.

NOTE 8 OTHER POSTEMPLOYMENT BENEFITS – MULTIPLE EMPLOYER PLAN

Plan Description. The LRLIF is a multiple-employer defined benefit OPEB plan. LRLIF benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. The Wisconsin Department of Employee Trust Funds (ETF) and the Group Insurance Board have statutory authority for program administration and oversight. The plan provides post-employment life insurance benefits for all eligible employees.

Benefits Provided. The LRLIF plan provides fully paid up life insurance benefits for post-age 64 retired employees and pre-65 retirees who pay for their coverage. Contributions. The Group Insurance Board approves contribution rates annually, based on recommendations from the insurance carrier. Recommended rates are based on an annual valuation, taking into consideration an estimate of the present value of future benefits and the present value of future contributions. A portion of employer contributions made during a member’s working lifetime funds a post-retirement benefit. Employers are required to pay the following contributions based on employee contributions for active members to provide them with Basic Coverage after age 65. There are no employer contributions required for pre-age 65 annuitant coverage. If a member retires prior to age 65, they must continue paying the employee premiums until age 65 in order to be eligible for the benefit after age 65. Contribution rates as of December 31, 2020 are:

Coverage Type Employer Contribution50% Post Retirement Coverage 40% of employee contribution25% Post Retirement Coverage 20% of employee contribution


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Contributions (Continued). Employee contributions are based upon nine age bands through age 69 and an additional eight age bands for those age 70 and over. Participating employees must pay monthly contribution rates per $1,000 of coverage until the age of 65 (age 70 if active). The employee contribution rates in effect for the year ended December 31, 2019 are:

Attained Age Basic

Under 30 $0.0530-34 0.06 35-39 0.07 40-44 0.08 45-49 0.12 50-54 0.22 55-59 0.39 60-64 0.49 65-69 0.57

During the City’s fiscal year the LRLIF recognized $794 in contributions from the City. OPEB Liabilities/Assets, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEBs

At December 31, 2020, the City reported a liability of $197,312 for its proportionate share of the net OPEB liability. The net OPEB liability was measured as of December 31, 2019, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of December 31, 2018 and rolled forward to December 31, 2019. No material changes in assumptions or benefit terms occurred between the actuarial valuation date and the measurement date. The City's proportion of the net OPEB liability was based on the City's share of contributions to the OPEB plan relative to the contributions of all participating employers. At December 31, 2019, the City's proportion was 0.0463370 percent, which was a decrease of 0.002953 percent from its proportion measured as of December 31, 2018. For the year ended June 30, 2020, the City recognized OPEB expense of $24,328. At December 31, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to OPEBs from the following sources:



of ResourcesDifferences Between Expected and Actual Experience -$ 8,839$ Changes of Assumptions or Other Input 72,789 21,703 Net Difference Between Projected and Actual Earnings on OPEB Investments 3,722 - Change in proportion and differences between employer contributions and proportionate share of contributions 19,297 - District Contributions Subsequent to the Measurement Date 794 -

Total 96,602$ 30,542$

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$794 reported as deferred outflows of resources related to OPEB resulting from City contributions subsequent to the measurement date will be recognized as a reduction to the net OPEB liability in the year ended December 31, 2021. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEBs will be recognized in OPEB expense as follows:

Year Ended June 30:OPEB Expense

Amount2021 11,293$ 2022 11,293 2023 10,892 2024 10,479 2025 8,855 2026 12,252 2027 202

Actuarial assumptions. The total OPEB liability in the January 1, 2019 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:

Valuation Date January 1, 2019Measurement Date of Net OPEB Liability (Asset) December 31, 2019Actuarial Cost Method Entry Age Normal20 Year Tax-Exempt Municipal Bond Yield 2.74%Long-Term Expected Rate of Return 4.25%Discount Rate 2.87%Salary Increases:

Inflation 2.20%Seniority/Merit 0.20%-5.60%

Mortality Wisconsin 2018 Mortality Table

The discount rate was based on the Bond Buyer Go 20-year AA municipal bond rate Index published by the Federal Reserve. The actuarial assumptions used were based on an experience study conducted in 2018 using Wisconsin Retirement System (WRS) experience from 2015-2017.


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Long-term expected Return on Plan Assets. The long-term expected rate of return is determined by adding expected inflation to expected long-term real returns and reflecting expected volatility and correlation. Investments for the LRLIF are held with Securian, the insurance carrier. Interest is calculated and credited to the LRLIF based on the rate of return for a segment of the insurance carriers’ general fund, specifically 10-year A- Bonds (as a proxy, and not tied to any specific investments). The overall aggregate interest rate is calculated using a tiered approach based on the year the funds were originally invested and the rate of return for that year. Investment interest is credited based on the aggregate rate of return and assets are not adjusted to fair market value. Furthermore, the insurance carrier guarantees the principal amounts of the reserves, including all interest previously credited thereto.

Asset Class IndexTarget

Allocation

Long-Term Expected

Geometric Real Rate of Return

U.S. Credit Bonds Barclays Credit 45% 2.12%U.S. Long Credit Bonds Barclays Long Credit 5% 2.90%U.S. Mortgages Barclays MBS 50% 1.53%

Inflation 2.20%

Long-Term Expected Rate of Return 4.25%

Single Discount rate. A single discount rate of 2.87% was used to measure the total OPEB liability. The Plan’s fiduciary net position was projected to be insufficient to make all projected future benefit payments of current active and inactive employees. Therefore, the discount rate for calculating the Total OPEB Liability is equal to the single equivalent rate that results in the same actuarial present value as the long-term expected rate of return applied to benefit payments, to the extent that the plan’s fiduciary net position is projected to be sufficient to make projected benefit payments, and the municipal bond rate applied to benefit payment to the extent that the plan’s fiduciary net position is projected to be insufficient.

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Sensitivity of the City’s proportionate share of the net OPEB liability (asset) to changes in the discount rate. The following presents the City’s proportionate share of the net OPEB liability (asset) calculated using the discount rate of 2.87 percent, as well as what the City’s proportionate share of the net OPEB liability (asset) would be if it were calculated using a discount rate that is 1-percentage-point lower (1.87 percent) or 1-percentage-point higher (3.87 percent) than the current rate:

1% Decrease (1.87%)


(2.87%)1% Increase

(3.87%)

Proportionate share of the Net OPEB Liability (asset) 12/31/20 272,455$ 197,312$ 140,143$

NOTE 9 OTHER POSTEMPLOYMENT BENEFITS – SINGLE EMPLOYER PLAN

Description of the Plan Retired employees have access to the group medical and dental coverage through the City. The plan is outlined in the City’s labor agreements and plan summary documents. A summary of the plan benefits is listed below: Public Works, Clerical and Police Union Employees Police Union employees are eligible to retire at the earlier of age 50 with reduced pension, age 53 with 25 years or age 54. Retirees are responsible for the portion of the premium rates not covered by the City’s explicit subsidy. The City’s explicit subsidy is 50% of the single or family premium until the employee is Medicare eligible.

The City has no explicit subsidy for retired employees other than Police union employees.

Participants Employees participating in the OPEB benefit consisted of the following at December 31, 2019, the date of the latest actuarial valuation.

Inactive plan members or beneficiaries currently receiving benefit payments 4

Inactive plan members entitled to but not yet receiving benefit payments 0

Total eligible active plan members 40

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NOTE 9 OTHER POSTEMPLOYMENT BENEFITS – SINGLE EMPLOYER PLAN (CONTINUED)

Total OPEB Liability The City does not accumulated assets in a trust for payment of OPEB benefits. Accordingly, the City must report its total OPEB liability. At December 31, 2020, the City reported a total OPEB liability of $1,700,231. Changes in the City’s total OPEB liability were as follows:

Total OPEB

Liability(a)

Balance at 12/31/2019 1,427,380$

Changes for the year:Service Cost 160,217 Interest 50,494 Differences Between Expected and Actual Experience (181,620) Changes of Assumptions or Other Input 321,779 Benefit Payments (78,019)

Net Changes 272,851

Balance at December 31, 2020 1,700,231$

Actuarial Assumptions The total OPEB liability in the actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:

Valuation Date: January 1, 2020Measurement Date: December 31, 2020Actuary Cost Method: Entry Age NormalAmortization Method: Level Percent of SalaryDiscount Rate: 2.12%Inflation: 2.5%Average of Expected Remaining Service Lives 10 YearsHealth Care Trends: 8.00% year one, 7.5% year two, decreasing 0.5% per year down to

4.5% in 2028, and level thereafter.Payroll growth Payroll growth including general wage inflation of 3.00% plus

merit/longevity increases based on the Wisconsin Retirement System actuarial valuation as of December 31, 2019.

Mortality: RPH-2020 Total Dataset Mortality Table fully generational using Scale MP-2020

* Mortality table has been updated to scale MP-2020, resulting in an increase in liabilities. The termination rate, retirement rate, and salary scale assumptions were updated as of 12/31/2019, resulting in an increase in liabilities. Health care trend rates updated to an initial rate of 8.00%, decreasing by 0.50% annually to an ultimate rate of 4.50%, resulting in an increase in liabilities. The discount rate decreased from 3.26% to 2.12%, resulting in an increase in liabilities.

A-42



DECEMBER 31, 2020

(62)

NOTE 9 OTHER POSTEMPLOYMENT BENEFITS – SINGLE EMPLOYER PLAN (CONTINUED) Sensitivity of the net OPEB liability to changes in the discount rate The following presents the net OPEB liability of the City, as well as what the City's net OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower or 1-percentage-point higher than the current discount rate:

1% Decrease (1.12%)


(2.12%)1% Increase

(3.12%) Net OPEB Liability (Asset) 12/31/20 1,849,047$ 1,700,231$ 1,563,404$

Sensitivity of the net OPEB liability to changes in the healthcare cost trend rates The following presents the net OPEB liability of the City, as well as what the City’s net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower or 1-percentage-point higher than the current healthcare cost trend rates:

1% Decrease (7.00% in the first year, decreasing

to 3.50%)

Healthcare Cost Trend Rates

(8.00% in the first year, decreasing

to 4.50%)

1% Increase (9.00% in the first year, decreasing

to 5.50%) Net OPEB Liability (Asset) 12/31/20 1,494,576$ 1,700,231$ 1,945,818$

For the year ended December 31, 2020, the City recognized OPEB expense of $126,263. At December 31, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to single employer other postemployment benefits from the following sources:



of ResourcesDifferences Between Expected and Actual Experience 62,361$ 200,602$ Changes of Assumptions or Other Input 353,283 88,779

Total 415,644$ 289,381$

Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

Year Ended June 30:

OPEB Expense Amount

2021 15,183$ 2022 15,183 2023 15,183 2024 15,183 2025 15,183

Thereafter 50,348


DECEMBER 31, 2020

(63)

NOTE 10 FUND BALANCE

The following is a detailed schedule of ending fund balances as reported in the fund financial statements by category:

Total Nonspendable Restricted Committed Assigned UnassignedMajor Funds:

General Fund:Delinquent Taxes 16,066$ 16,066$ -$ -$ -$ -$ Interfund Advances 2,016,951 2,016,951 - - - - Park Operations 225 - - - 225 - Land Acquisition 1,823,544 - - 1,823,544 - - Redevelopment 2,104,541 - - 2,104,541 - - Unassigned 4,040,497 - - - - 4,040,497

Subtotal General Fund 10,001,824 2,033,017 - 3,928,085 225 4,040,497 Debt Service 743,412 - - - 743,412 - Capital Projects 1,619,478 - 1,619,478 - - - River Prairie Tax Incremental District #3 (1,402,486) - - - - (1,402,486)

Nonmajor Funds:Public Library 187,756 - 187,756 - - - CDBG Residential Revolving Loan Program 225,627 75,085 150,542 - - - Business Park Tax Incremental District #2 (426,815) - - - - (426,815) Tax Incremental District #4 813,133 - 813,133 - - -

Total Fund Balance 11,761,929$ 2,108,102$ 2,770,909$ 3,928,085$ 743,637$ 2,211,196$

NOTE 11 PRIOR PERIOD ADJUSTMENT

In previous years governmental fund land for resale was recorded as a government-wide adjustment to governmental activities. In the current year land for resale has been recorded as an asset in the general fund.

GeneralFund

Net Position, December 31, 2019, as Previously Reported 10,563,974$ Prior Period Adjustment to Correct Land for Resale 349,554 Net Position, December 31, as Restated 10,913,528$

NOTE 12 TAX INCREMENTAL FINANCING DISTRICTS

The City of Altoona has three active tax incremental financing districts. Tax Incremental District #2 was created in July 2000. The primary purpose of this tax increment district is to encourage development in the City’s business park. The City also passed a resolution and project plan amendment allowing the allocation of increment from TIF #2 to TIF #3. Tax Incremental District #3 was approved in September 2001. The primary purpose of the tax increment district is to provide needed infrastructure for development in the area of the State of Wisconsin’s Highway 53 bypass. The City created TIF #4 in 2008.

A-43



DECEMBER 31, 2020

(64)

NOTE 12 TAX INCREMENTAL FINANCING DISTRICTS (CONTINUED) Accumulated project costs and revenues from inception through December 31, 2020 are shown as follows:

TID #2 TID #3 TID #4Accumulated Project Costs:

Project Expenditures 2,107,993$ 40,756,424$ 1,306,944$ Administration 109,231 - 219,006 Debt Expenditures:

Interest and Fiscal Charges 149,269 4,825,370 282,857 Transfers Out 2,388,838 230,129 -

Total Project Costs 4,755,331 45,811,923 1,808,807

Accumulated Project Revenues:Tax Increments 3,857,986 25,059,489 2,151,669 Intergovernmental Grants and Aids 211,778 1,383,751 399,894 Rent Income - - - Special Assessments 136,949 168,208 42,816 Interest on Investments - 43,630 23,548 Sale of Property - 1,568,145 - Miscellaneous Revenue 121,803 554,044 4,013 Transfers In - 2,388,837 -

Total Project Revenues 4,328,516 31,166,104 2,621,940

Future Project Revenues Necessary to Recover Project Costs to Date 426,815$ 14,645,819$ (813,133)$

The above summary of transactions is reconcilable to the fund balances of the TID funds at December 31, 2020 as follows:

TID #2 TID #3 TID #4Outstanding Long-Term Debt Payable from

TID Funds at December 31, 2020 -$ 13,243,333$ -$ Less Unrecovered Costs Above (426,815) (14,645,819) 813,133 Fund Balance at December 31, 2020 (426,815)$ (1,402,486)$ 813,133$


DECEMBER 31, 2020

(65)

NOTE 13 LANDFILL POST-CLOSURE LIABILITY The City of Altoona and Town of Washington have independently or jointly operated a landfill in the City of Altoona. The landfill was licensed as a sanitary landfill in 1969. The landfill was capped at closure in 1982. An active landfill gas extraction system has operated at the site since 1995. State and federal laws and regulations require certain maintenance and monitoring functions at the landfill site. The City and Town filed a remedial action options report related to ongoing post-closure maintenance of the landfill. In addition, annual post-closure monitoring costs of $17,000-$30,000 are anticipated for 20 years. The Town is responsible for a portion of this annual cost and reimburses the City. The reported post-closure liability represents the estimated cumulative cost to perform all post-closure case. Actual costs may differ due to inflation or deflation, changes in technology, or changes to applicable laws or regulations. The City’s estimated portion of the post-closure liability as of December 31, 2020 is $32,040 of the total liability. This liability is recorded in the Statement of Net Position. The liability is reduced by annual ongoing post-closure monitoring costs.

NOTE 14 LAND HELD FOR RESALE

The City recorded land held for resale of $1,891,600 in 2012. As parcels are sold the basis in the land is reduced. The City recorded $511,310 in gain on land sales during 2020. The balance of land held for resale is $1,570,524 as of December 31, 2020.

NOTE 15 RISK MANAGEMENT

The City is exposed to various risks of loss related to torts; theft of, damage to, or destruction of assets; errors and omissions; workers compensation; and health care of its employees. All risks are covered through the purchase of commercial insurance, with minimal deductibles. Settled claims have not exceeded the commercial coverage in any of the past three years.

NOTE 16 SUBSEQUENT EVENT

On January 28, 2021 the City approved the issuance of a $5,860,000 tax increment revenue refunding bond for TID #3.

A-44




BUDGETARY COMPARISON SCHEDULE GENERAL FUND



Actual Variance with

Original Final Amounts Final BudgetREVENUESProperty Taxes 2,107,820$ 2,107,820$ 2,107,820$ -$ Other Taxes 502,386 502,386 444,813 (57,573) Special Assessment Revenue 116,000 116,000 202,061 86,061 Intergovernmental 1,921,020 1,921,020 2,103,386 182,366 License and Permits 225,070 225,070 402,236 177,166 Fines, Forfeits, and Penalties 34,000 34,000 37,677 3,677 Public Charges for Services 368,129 368,129 259,593 (108,536) Interest Income 195,200 195,200 184,614 (10,586) Sale of Land for Resale - - 511,310 511,310 Miscellaneous Income 118,255 118,255 120,709 2,454 Total Revenues 5,587,880 5,587,880 6,374,219 786,339

EXPENDITURESGeneral Government 828,575 828,575 845,637 (17,062) Public Safety 2,859,026 2,859,026 2,835,595 23,431 Public Works 1,092,138 1,092,138 922,272 169,866 Health and Human Services 6,000 6,000 1,750 4,250 Culture, Recreation, and Education 979,603 979,603 802,194 177,409 Conservation and Development 404,231 670,089 269,622 400,467 Total Expenditures 6,169,573 6,435,431 5,677,070 758,361

EXCESS (DEFICIENCY) OF REVENUESOVER EXPENDITURES (581,693) (847,551) 697,149 1,544,700

OTHER FINANCING SOURCES (USES)Transfers In 581,693 704,945 214,062 (490,883) Transfers Out - - (1,828,660) (1,828,660) Sale of Capital Assets - 142,606 5,745 (136,861)

Total Other Financing Sources (Uses) 581,693 847,551 (1,608,853) (2,456,404) NET CHANGE IN FUND BALANCE -$ -$ (911,704) (911,704)$

Fund Balance - Beginning of Year 10,563,974

Prior Period Adjustment 349,554 FUND BALANCE - END OF YEAR 10,001,824$

Budgeted Amounts

A-45


SCHEDULE 2


SCHEDULE OF PROPORTIONATE SHARE OF

WISCONSIN RETIREMENT SYSTEM NET PENSION PLAN (ASSET) LIABILITY

LAST TEN MEASUREMENT PERIODS

(SCHEDULE IS PRESENTED PROSPECTIVELY FROM IMPLEMENTATION)


ProportionateShare of the Net Plan Fiduciary

Proportionate Pension Liability Net Position as aProportion of Share of the (Asset) as a Percentage of the

the Net Pension Net Pension Covered Percentage of Total PensionYear Ending Liability (Asset) Liability (Asset) Payroll Covered Payroll Liability

12/31/2019 0.02000141% (644,936)$ 2,565,579$ -25.14% 102.96%12/31/2018 0.01910528% 679,706 2,470,180 27.52% 96.45%12/31/2017 0.01789514% (531,328) 2,372,501 -22.40% 102.93%12/31/2016 0.01684799% 138,868 2,122,738 6.54% 99.12%12/31/2015 0.01637083% 266,023 2,025,494 13.13% 98.20%12/31/2014 0.01600202% (392,945) 1,986,523 -19.78% 102.74%

A-46


SCHEDULE 3


SCHEDULE OF CONTRIBUTIONS TO

WISCONSIN RETIREMENT SYSTEM PENSION PLAN

LAST TEN FISCAL YEARS



Contributions inRelation to the Contributions

Contractually Contractually Contribution as a PercentageRequired Required Deficiency Covered of Covered

Year Contributions Contributions (Excess) Payroll Payroll

12/31/2020 231,136$ (231,136)$ - 2,802,006$ 8.25%12/31/2019 211,018 (211,018) - 2,565,579 8.22%12/31/2018 206,541 (206,541) - 2,470,180 8.36%12/31/2017 224,908 (224,908) - 2,372,501 9.48%12/31/2016 171,778 (171,778) - 2,122,738 8.09%12/31/2015 159,915 (159,915) - 2,025,494 7.90%

Changes of Benefit Terms. There were no changes of benefit terms for any participating employer in WRS. Changes of Assumptions. No significant change in assumptions were noted from the prior year.

A-47


SCHEDULE 4


SCHEDULE OF CITY’S PROPORTIONATE SHARE OF THE NET OPEB LIABILITY

WISCONSIN LOCAL RETIREE LIFE INSURANCE FUND MULTI-EMPLOYER OPEB PLAN




OPEB Fiscal Year End Date (Measurement

Date)

City's Proportion of the Net OPEB Liability (Asset)


Share of the Net OPEB Liability

(Asset)City's Covered

Payroll


Share of the Net OPEB Liability (Asset) as a

Percentage of Covered Payroll

Plan Fiduciary Net Position as a Percentage of the Total OPEB Liability (Asset)

12/31/2019 0.04633700% 197,312$ 2,305,000$ 8.56% 37.58%12/31/2018 0.04929000% 105,611 2,308,000 4.58% 48.69%12/31/2017 0.39953000% 120,202 1,680,138 7.15% 44.81%

A-48


SCHEDULE 5


SCHEDULE OF CITY’S CONTRIBUTIONS TO

WISCONSIN LOCAL RETIREE LIFE INSURANCE FUND MULTI-EMPLOYER OPEB PLAN

LAST TEN FISCAL YEARS



City's Fiscal Year End Date

Contractually Required

Contribution

Contributions in Relation to the Contractually

Required Contributions

Contribution Deficiency (Excess)

City's Covered Payroll

Contributions as a Percentage of Covered Payroll

12/31/2020 794$ (794)$ -$ 2,305,000$ 0.03%12/31/2019 788 (788) - 2,308,000 0.03%12/31/2018 791 (791) - 1,680,138 0.05%

A-49


SCHEDULE 6


SCHEDULE OF CHANGES IN THE CITY’S OPEB LIABILITY, RELATED RATIOS

AND ACTUARIAL ASSUMPTIONS




2018 2019 2020

Total OPEB Liability

Service Cost 120,267$ 143,626$ 160,217$ Interest 44,524 56,497 50,494 Differences Between Expected and Actual Experience 93,540 (50,352) (181,620) Changes of Assumptions or Other Input (133,167) 86,473 321,779 Benefit Payments (57,802) (78,918) (78,019) Net Change in Total OPEB Liability 67,362 157,326 272,851 Total OPEB Liability - Beginning 1,202,692 1,270,054 1,427,380 Total OPEB Liability - Ending (a) 1,270,054$ 1,427,380$ 1,700,231$

Covered Payroll 2,400,968$ 2,477,799$ 3,050,681$

District's Net OPEB Liability (Asset) as a Percentage

of Covered-Employee Payroll 52.90% 57.61% 55.73%

A-50


CITY OF ALTOONA, WISCONSIN NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

DECEMBER 31, 2020

(72)

BUDGETARY INFORMATION

GASB Statement No. 34 requires the presentation of budgetary comparison schedules for the general fund and for each major special revenue fund. Budgetary information is derived from the City’s annual operating budget. The City's budget is adopted in accordance with Chapter 65 of the Wisconsin Statutes and on a basis consistent with generally accepted accounting principles. Changes to appropriations authorized in the adopted budget generally require a vote of two-thirds of the entire membership of the governing body. The City’s legal budget is adopted at the major function level in the general fund (i.e., general government) and at the fund level in all other funds. Budget amounts in the financial statements include both the original adopted budget and the final budget. Changes to the budget during the year, if any, generally include amendments authorized by the governing body, additions of approved carryover amounts and appropriations of revenues and other sources for specified expenditures/uses. Appropriated budget amounts lapse at the end of the year unless specifically carried over for financing subsequent year expenditures.

EXCESS OF EXPENDITURES OVER BUDGET Comparisons of actual revenues and expenditures to budgeted amounts for the City’s general fund and each major special revenue fund are presented as required supplementary information following the basic financial statements. Expenditures in excess of budgeted amounts at the legally adopted levels for each of these funds are shown in those schedules. SINGLE EMPLOYER OPEB No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB 75.


A-51


SCHEDULE A-1


NONMAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEET

DECEMBER 31, 2020

(73)

TotalNonmajor


ASSETS

Cash and Cash Equivalents 20,389$ 150,542$ -$ 722,920$ 893,851$ Taxes Receivable 225,139 - 261,639 266,664 753,442 Loans Receivable - 75,085 - - 75,085 Land Held for Resale - - - 90,213 90,213 Restricted Cash and Investments 184,178 - - - 184,178

Total Assets 429,706$ 225,627$ 261,639$ 1,079,797$ 1,996,769$

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES

Liabilities:

Accounts Payable 14,015$ -$ 6,930$ -$ 20,945$ Accrued Liabilities 2,785 - - - 2,785 Advance from Other Funds - - 419,885 - 419,885 Due Other Governmental Units 11 - - - 11

Total Liabilities 16,811 - 426,815 - 443,626

Deferred Inflows of Resources:

Succeeding Year's Property Taxes 225,139 - 261,639 266,664 753,442

Fund Balances:

Nonspendable - 75,085 - - 75,085 Restricted 187,756 150,542 - 813,133 1,151,431 Unassigned - - (426,815) - (426,815)

Total Fund Balances 187,756 225,627 (426,815) 813,133 799,701

Total Liabilities, Deferred Inflows ofResources and Fund Balances 429,706$ 225,627$ 261,639$ 1,079,797$ 1,996,769$


A-52


SCHEDULE A-2


NONMAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

FOR THE YEAR ENDED DECEMBER 31, 2020

(74)

TotalNonmajor


REVENUES

Taxes 351,092$ -$ 249,104$ 255,146$ 855,342$ Intergovernmental 216,203 - 14,891 29,349 260,443 Public Charges for Services 2,501 - - - 2,501 Interest Income 1,802 383 - 3,884 6,069 Miscellaneous 30,307 - - - 30,307

Total Revenues 601,905 383 263,995 288,379 1,154,662

EXPENDITURES

General Government - - 1,990 19,065 21,055 Public Works - - 22,825 550 23,375 Culture, Recreation, and Education 578,270 - - - 578,270 Conservation and Development - 8,032 - - 8,032

Total Expenditures 578,270 8,032 24,815 19,615 630,732

EXCESS (DEFICIENCY) OF REVENUES

OVER EXPENDITURES 23,635 (7,649) 239,180 268,764 523,930

OTHER FINANCING SOURCES (USES)

Transfers Out - - (18,446) (163,840) (182,286) Total Other Financing Sources (Uses) - - (18,446) (163,840) (182,286)

NET CHANGE IN FUND BALANCES 23,635 (7,649) 220,734 104,924 341,644

Fund Balance - Beginning of Year 164,121 233,276 (647,549) 708,209 458,057

FUND BALANCE - END OF YEAR 187,756$ 225,627$ (426,815)$ 813,133$ 799,701$


A-53


APPENDIX B

FORM OF LEGAL OPINION

(See following pages)

B-1


QB\69619419.1

Quarles & Brady LLP 411 East Wisconsin Avenue

Milwaukee, WI 53202

September 15, 2021

Re: City of Altoona, Wisconsin ("Issuer") $6,680,000* General Obligation Promissory Notes, Series 2021B, dated September 15, 2021 ("Notes")

We have acted as bond counsel to the Issuer in connection with the issuance of the Notes. In such capacity, we have examined such law and such certified proceedings, certifications, and other documents as we have deemed necessary to render this opinion.

Regarding questions of fact material to our opinion, we have relied on the certified proceedings and other certifications of public officials and others furnished to us without undertaking to verify the same by independent investigation.

The Notes are numbered from R-1 and upward; bear interest at the rates set forth below; and mature on the dates and in the years and principal amounts as follows:

Date Principal Amount Interest Rate

October 1, 2022 $535,000 ___% October 1, 2023 625,000 ___ October 1, 2024 255,000 ___ October 1, 2025 255,000 ___ October 1, 2026 880,000 ___ October 1, 2027 890,000 ___ October 1, 2028 890,000 ___ October 1, 2029 890,000 ___ October 1, 2030 550,000 ___

April 1, 2031 910,000 ___

Interest is payable semi-annually on April 1 and October 1 of each year commencing on April 1, 2022.

The Notes maturing on October 1, 2028 and thereafter are subject to redemption prior to maturity, at the option of the Issuer, on October 1, 2027 or on any date thereafter. Said Notes are redeemable as a whole or in part, and if in part, from maturities selected by the Issuer, and within each maturity by lot, at the principal amount thereof, plus accrued interest to the date of redemption.

[The Notes maturing in the years _______________ are subject to mandatory redemptionby lot as provided in the Notes, at the redemption price of par plus accrued interest to the date of redemption and without premium.]

B-2


QB\69619419.1

We further certify that we have examined a sample of the Notes and find the same to be in proper form.

Based upon and subject to the foregoing, it is our opinion under existing law that: 1. The Notes have been duly authorized and executed by the Issuer and are valid and

binding general obligations of the Issuer.

2. All the taxable property in the territory of the Issuer is subject to the levy of ad valorem taxes to pay principal of, and interest on, the Notes, without limitation as to rate or amount. The Issuer is required by law to include in its annual tax levy the principal and interest coming due on the Notes except to the extent that necessary funds have been irrevocably deposited into the debt service fund account established for the payment of the principal of and interest on the Notes.

3. The interest on the Notes is excludable for federal income tax purposes from the gross income of the owners of the Notes. The interest on the Notes is not an item of tax preference for purposes of the federal alternative minimum tax imposed by Section 55 of the Internal Revenue Code of 1986, as amended (the "Code") on individuals. The Code contains requirements that must be satisfied subsequent to the issuance of the Notes in order for interest on the Notes to be or continue to be excludable from gross income for federal income tax purposes. Failure to comply with certain of those requirements could cause the interest on the Notes to be included in gross income retroactively to the date of issuance of the Notes. The Issuer has agreed to comply with all of those requirements. The opinion set forth in the first sentence of this paragraph is subject to the condition that the Issuer comply with those requirements. We express no opinion regarding other federal tax consequences arising with respect to the Notes.

We express no opinion regarding the accuracy, adequacy, or completeness of the Official Statement or any other offering material relating to the Notes. Further, we express no opinion regarding tax consequences arising with respect to the Notes other than as expressly set forth herein.

The rights of the owners of the Notes and the enforceability thereof may be subject to bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and may be subject to the exercise of judicial discretion in accordance with general principles of equity, whether considered at law or in equity.

This opinion is given as of the date hereof, and we assume no obligation to revise or

supplement this opinion to reflect any facts or circumstances that may hereafter come to our attention, or any changes in law that may hereafter occur.

QUARLES & BRADY LLP

B-3


APPENDIX C

BOOK-ENTRY-ONLY SYSTEM

1. The Depository Trust Company ("DTC"), New York, New York, will act as securities depository for the securities(the "Securities"). The Securities will be issued as fully-registered securities registered in the name of Cede & Co.(DTC's partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully-registered Security certificate will be issued for [each issue of] the Securities, [each] in the aggregateprincipal amount of such issue, and will be deposited with DTC. [If, however, the aggregate principal amount of[any] issue exceeds $500 million, one certificate will be issued with respect to each $500 million of principalamount, and an additional certificate will be issued with respect to any remaining principal amount of such issue.]

2. DTC, the world's largest securities depository, is a limited-purpose trust company organized under the New York

Banking Law, a "banking organization" within the meaning of the New York Banking Law, a member of theFederal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code,and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues,corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC'sparticipants ("Direct Participants") deposit with DTC. DTC also facilitates the post-trade settlement among DirectParticipants of sales and other securities transactions in deposited securities, through electronic computerizedbook-entry transfers and pledges between Direct Participants' accounts. This eliminates the need for physicalmovement of securities certificates. Direct Participants include both U.S. and non-U.S. securities brokers anddealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-ownedsubsidiary of The Depository Trust & Clearing Corporation ("DTCC"). DTCC is the holding company for DTC,National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registeredclearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is alsoavailable to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, andclearing corporations that clear through or maintain a custodial relationship with a Direct Participant, eitherdirectly or indirectly ("Indirect Participants"). DTC has a Standard & Poor's rating of AA+. The DTC Rulesapplicable to its Participants are on file with the Securities and Exchange Commission. More information aboutDTC can be found at www.dtcc.com.

3. Purchases of Securities under the DTC system must be made by or through Direct Participants, which will receive

a credit for the Securities on DTC's records. The ownership interest of each actual purchaser of each Security("Beneficial Owner") is in turn to be recorded on the Direct and Indirect Participants' records. Beneficial Ownerswill not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected toreceive written confirmations providing details of the transaction, as well as periodic statements of their holdings,from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfersof ownership interests in the Securities are to be accomplished by entries made on the books of Direct and IndirectParticipants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representingtheir ownership interests in Securities, except in the event that use of the book-entry system for the Securities isdiscontinued.

4. To facilitate subsequent transfers, all Securities deposited by Direct Participants with DTC are registered in the

name of DTC's partnership nominee, Cede & Co., or such other name as may be requested by an authorizedrepresentative of DTC. The deposit of Securities with DTC and their registration in the name of Cede & Co. orsuch other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actualBeneficial Owners of the Securities; DTC's records reflect only the identity of the Direct Participants to whoseaccounts such Securities are credited, which may or may not be the Beneficial Owners. The Direct and IndirectParticipants will remain responsible for keeping account of their holdings on behalf of their customers.

C-1


5. Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to IndirectParticipants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed byarrangements among them, subject to any statutory or regulatory requirements as may be in effect from time totime. [Beneficial Owners of Securities may wish to take certain steps to augment the transmission to them ofnotices of significant events with respect to the Securities, such as redemptions, tenders, defaults, and proposedamendments to the Security documents. For example, Beneficial Owners of Securities may wish to ascertain thatthe nominee holding the Securities for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the registrar and requestthat copies of notices be provided directly to them.]

6. Redemption notices shall be sent to DTC. If less than all of the Securities within an issue are being redeemed,

DTC's practice is to determine by lot the amount of the interest of each Direct Participant in such issue to beredeemed.

7. Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to Securities unless

authorized by a Direct Participant in accordance with DTC's MMI Procedures. Under its usual procedures, DTCmails an Omnibus Proxy to City as soon as possible after the record date. The Omnibus Proxy assigns Cede &Co.'s consenting or voting rights to those Direct Participants to whose accounts Securities are credited on therecord date (identified in a listing attached to the Omnibus Proxy).

8. Redemption proceeds, distributions, and dividend payments on the Securities will be made to Cede & Co., or such

other nominee as may be requested by an authorized representative of DTC. DTC's practice is to credit DirectParticipants' accounts upon DTC's receipt of funds and corresponding detail information from the City or Agent,on payable date in accordance with their respective holdings shown on DTC's records. Payments by Participantsto Beneficial Owners will be governed by standing instructions and customary practices, as is the case withsecurities held for the accounts of customers in bearer form or registered in "street name," and will be theresponsibility of such Participant and not of DTC, Agent, or the City, subject to any statutory or regulatoryrequirements as may be in effect from time to time. Payment of redemption proceeds, distributions, and dividendpayments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) isthe responsibility of the City or Agent, disbursement of such payments to Direct Participants will be theresponsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility ofDirect and Indirect Participants.

9. A Beneficial Owner shall give notice to elect to have its Securities purchased or tendered, through its Participant,

to [Tender/Remarketing] Agent, and shall effect delivery of such Securities by causing the Direct Participant totransfer the Participant's interest in the Securities, on DTC's records, to [Tender/Remarketing] Agent. Therequirement for physical delivery of Securities in connection with an optional tender or a mandatory purchase willbe deemed satisfied when the ownership rights in the Securities are transferred by Direct Participants on DTC'srecords and followed by a book-entry credit of tendered Securities to [Tender/Remarketing] Agent's DTC account.

10. DTC may discontinue providing its services as depository with respect to the Securities at any time by giving

reasonable notice to the City or Agent. Under such circumstances, in the event that a successor depository is notobtained, Security certificates are required to be printed and delivered.

11. The City may decide to discontinue use of the system of book-entry-only transfers through DTC (or a successor

securities depository). In that event, Security certificates will be printed and delivered to DTC. 12. The information in this section concerning DTC and DTC's book-entry system has been obtained from sources

that the City believes to be reliable, but the City takes no responsibility for the accuracy thereof.

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APPENDIX D

FORM OF CONTINUING DISCLOSURE CERTIFICATE

(See following pages)

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CONTINUING DISCLOSURE CERTIFICATE This Continuing Disclosure Certificate (the "Disclosure Certificate") is executed and

delivered by the City of Altoona, Eau Claire County, Wisconsin (the "Issuer") in connection with the issuance of $6,680,000* General Obligation Promissory Notes, Series 2021B, dated September 15, 2021 (the "Securities"). The Securities are being issued pursuant to a resolution adopted on August 26, 2021 (the "Resolution") and delivered to _____________________________ (the "Purchaser") on the date hereof. Pursuant to the Resolution, the Issuer has covenanted and agreed to provide continuing disclosure of certain financial information and operating data and timely notices of the occurrence of certain events. In addition, the Issuer hereby specifically covenants and agrees as follows:

Section 1(a). Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the Issuer for the benefit of the holders of the Securities in order to assist the Participating Underwriters within the meaning of the Rule (defined herein) in complying with SEC Rule 15c2-12(b)(5). References in this Disclosure Certificate to holders of the Securities shall include the beneficial owners of the Securities. This Disclosure Certificate constitutes the written Undertaking required by the Rule.

Section 1(b). Filing Requirements. Any filing under this Disclosure Certificate must be

made solely by transmitting such filing to the MSRB (defined herein) through the Electronic Municipal Market Access ("EMMA") System at www.emma.msrb.org in the format prescribed by the MSRB. All documents provided to the MSRB shall be accompanied by the identifying information prescribed by the MSRB.

Section 2. Definitions. In addition to the defined terms set forth in the Resolution, which

apply to any capitalized term used in this Disclosure Certificate unless otherwise defined in this Section, the following capitalized terms shall have the following meanings:

"Annual Report" means any annual report provided by the Issuer pursuant to, and as described in, Sections 3 and 4 of this Disclosure Certificate.

"Audited Financial Statements" means the Issuer's annual financial statements, which are

currently prepared in accordance with generally accepted accounting principles (GAAP) for governmental units as prescribed by the Governmental Accounting Standards Board (GASB) and which the Issuer intends to continue to prepare in substantially the same form.

"Final Official Statement" means the Final Official Statement dated August 27, 2021 delivered in connection with the Securities, which is available from the MSRB. "Financial Obligation" means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term Financial Obligation shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule.

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"Fiscal Year" means the fiscal year of the Issuer.

"Governing Body" means the Common Council of the Issuer or such other body as may hereafter be the chief legislative body of the Issuer.

"Issuer" means the City of Altoona, Eau Claire County, Wisconsin, which is the obligated

person with respect to the Securities. "Issuer Contact" means the City Treasurer of the Issuer who can be contacted at 1303 Lynn

Avenue, Altoona, Wisconsin 54720, phone (715) 839-6092, fax (715) 839-1800. "Listed Event" means any of the events listed in Section 5(a) of this Disclosure Certificate. "MSRB" means the Municipal Securities Rulemaking Board. "Participating Underwriter" means any of the original underwriter(s) of the Securities

(including the Purchaser) required to comply with the Rule in connection with the offering of the Securities.

"Rule" means SEC Rule 15c2-12(b)(5) promulgated by the SEC under the Securities

Exchange Act of 1934, as the same may be amended from time to time, and official interpretations thereof.

"SEC" means the Securities and Exchange Commission.

Section 3. Provision of Annual Report and Audited Financial Statements. (a) The Issuer shall, not later than 365 days after the end of the Fiscal Year,

commencing with the year ending December 31, 2021, provide the MSRB with an Annual Report filed in accordance with Section 1(b) of this Disclosure Certificate and which is consistent with the requirements of Section 4 of this Disclosure Certificate. The Annual Report may be submitted as a single document or as separate documents comprising a package, and may cross-reference other information as provided in Section 4 of this Disclosure Certificate; provided that the Audited Financial Statements of the Issuer may be submitted separately from the balance of the Annual Report and that, if Audited Financial Statements are not available within 365 days after the end of the Fiscal Year, unaudited financial information will be provided, and Audited Financial Statements will be submitted to the MSRB when and if available.

(b) If the Issuer is unable or fails to provide to the MSRB an Annual Report by the date

required in subsection (a), the Issuer shall send in a timely manner a notice of that fact to the MSRB in the format prescribed by the MSRB, as described in Section 1(b) of this Disclosure Certificate.

Section 4. Content of Annual Report. The Issuer's Annual Report shall contain or

incorporate by reference the Audited Financial Statements and updates of the following sections of the Final Official Statement to the extent such financial information and operating data are not included in the Audited Financial Statements:

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1. DEBT - Direct Debt 2. DEBT - Debt Limit 3. VALUATIONS - Current Property Valuations 4. TAX LEVIES AND COLLECTIONS - Tax Levies and Collections Any or all of the items listed above may be incorporated by reference from other

documents, including official statements of debt issues of the Issuer or related public entities, which are available to the public on the MSRB’s Internet website or filed with the SEC. The Issuer shall clearly identify each such other document so incorporated by reference.

Section 5. Reporting of Listed Events. (a) This Section 5 shall govern the giving of notices of the occurrence of any of the

following events with respect to the Securities: 1. Principal and interest payment delinquencies; 2. Non-payment related defaults, if material; 3. Unscheduled draws on debt service reserves reflecting financial difficulties; 4. Unscheduled draws on credit enhancements reflecting financial difficulties; 5. Substitution of credit or liquidity providers, or their failure to perform; 6. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or

final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the Securities, or other material events affecting the tax status of the Securities;

7. Modification to rights of holders of the Securities, if material; 8. Securities calls, if material, and tender offers; 9. Defeasances; 10. Release, substitution or sale of property securing repayment of the Securities, if

material; 11. Rating changes; 12. Bankruptcy, insolvency, receivership or similar event of the Issuer;

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13. The consummation of a merger, consolidation, or acquisition involving the Issuer or the sale of all or substantially all of the assets of the Issuer, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material;

14. Appointment of a successor or additional trustee or the change of name of a trustee,

if material; 15. Incurrence of a Financial Obligation of the Issuer, if material, or agreement to

covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the Issuer, any of which affect holders of the Securities, if material; and

16. Default, event of acceleration, termination event, modification of terms, or other

similar events under the terms of a Financial Obligation of the Issuer, any of which reflect financial difficulties.

For the purposes of the event identified in subsection (a)12. above, the event is considered

to occur when any of the following occur: the appointment of a receiver, fiscal agent or similar officer for the Issuer in a proceeding under the U.S. Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the Issuer, or if such jurisdiction has been assumed by leaving the existing governing body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the Issuer.

(b) When a Listed Event occurs, the Issuer shall, in a timely manner not in excess of

ten business days after the occurrence of the Listed Event, file a notice of such occurrence with the MSRB. Notwithstanding the foregoing, notice of Listed Events described in subsections (a) (8) and (9) need not be given under this subsection any earlier than the notice (if any) of the underlying event is given to holders of affected Securities pursuant to the Resolution.

(c) Unless otherwise required by law, the Issuer shall submit the information in the

format prescribed by the MSRB, as described in Section 1(b) of this Disclosure Certificate.

Section 6. Termination of Reporting Obligation. The Issuer's obligations under the Resolution and this Disclosure Certificate shall terminate upon the legal defeasance, prior redemption or payment in full of all the Securities.

Section 7. Issuer Contact; Agent. Information may be obtained from the Issuer Contact.

Additionally, the Issuer may, from time to time, appoint or engage a dissemination agent to assist it in carrying out its obligations under the Resolution and this Disclosure Certificate, and may discharge any such agent, with or without appointing a successor dissemination agent.

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Section 8. Amendment; Waiver. Notwithstanding any other provision of the Resolution or this Disclosure Certificate, the Issuer may amend this Disclosure Certificate, and any provision of this Disclosure Certificate may be waived, if the following conditions are met:

(a)(i) The amendment or waiver is made in connection with a change in circumstances

that arises from a change in legal requirements, change in law, or change in the identity, nature, or status of the Issuer, or the type of business conducted; or

(ii) This Disclosure Certificate, as amended or waived, would have complied with the

requirements of the Rule at the time of the primary offering, after taking into account any amendments or interpretations of the Rule, as well as any change in circumstances; and

(b) The amendment or waiver does not materially impair the interests of beneficial

owners of the Securities, as determined and certified to the Issuer by an underwriter, financial advisor, bond counsel or trustee.

In the event this Disclosure Certificate is amended for any reason other than to cure any

ambiguities, inconsistencies, or typographical errors that may be contained herein, the Issuer agrees the next Annual Report it submits after such amendment shall include an explanation of the reasons for the amendment and the impact of the change, if any, on the type of financial statements or operating data being provided.

If the amendment concerns the accounting principles to be followed in preparing financial

statements, then the Issuer agrees that it will give an event notice and that the next Annual Report it submits after such amendment will include a comparison between financial statements or information prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles.

Section 9. Additional Information. Nothing in this Disclosure Certificate shall be deemed

to prevent the Issuer from disseminating any other information, using the means of dissemination set forth in this Disclosure Certificate or any other means of communication, or including any other information in any Annual Report or notice of occurrence of a Listed Event, in addition to that which is required by this Disclosure Certificate. If the Issuer chooses to include any information in any Annual Report or notice of occurrence of a Listed Event in addition to that which is specifically required by this Disclosure Certificate, the Issuer shall have no obligation under this Disclosure Certificate to update such information or include it in any future Annual Report or notice of occurrence of a Listed Event.

Section 10. Default. (a) Except as described in the Final Official Statement, in the

previous five years, the Issuer has not failed to comply in all material respects with any previous undertakings under the Rule to provide annual reports or notices of events.

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(b) In the event of a failure of the Issuer to comply with any provision of this DisclosureCertificate any holder of the Securities may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the Issuer to comply with its obligations under the Resolution and this Disclosure Certificate. A default under this Disclosure Certificate shall not be deemed an event of default with respect to the Securities and the sole remedy under this Disclosure Certificate in the event of any failure of the Issuer to comply with this Disclosure Certificate shall be an action to compel performance.

Section 11. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the Issuer, the Participating Underwriters and holders from time to time of the Securities, and shall create no rights in any other person or entity.

IN WITNESS WHEREOF, we have executed this Certificate in our official capacities effective the 15th day of September, 2021.

_____________________________ Brendan Pratt Mayor

(SEAL) _____________________________ Cynthia M. Bauer City Clerk

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APPENDIX E

NOTICE OF SALE

$6,680,000* GENERAL OBLIGATION PROMISSORY NOTES, SERIES 2021BCITY OF ALTOONA, WISCONSIN

Bids for the purchase of $6,680,000* General Obligation Promissory Notes, Series 2021B (the "Notes") of the Cityof Altoona, Wisconsin (the "City") will be received at the offices of Ehlers and Associates, Inc. ("Ehlers"), 3060Centre Pointe Drive, Roseville, Minnesota 55113-1105, municipal advisors to the City, until 10:00 A.M., CentralTime, and ELECTRONIC PROPOSALS will be received via PARITY, in the manner described below, until 10:00A.M. Central Time, on August 26, 2021, at which time they will be opened, read and tabulated. The bids will bepresented to the Common Council for consideration for award by resolution at a meeting to be held at 6:00 P.M.,Central Time, on the same date. The bid offering to purchase the Notes upon the terms specified herein and mostfavorable to the City will be accepted unless all bids are rejected.

PURPOSE

The Notes of the City are being issued pursuant to Section 67.12(12), Wisconsin Statutes, for public purposes includingfinancing the City’s 2021 capital improvement and equipment projects and current refunding certain outstanding generalobligations of the City. The Notes are general obligations of the City, and all the taxable property in the City is subjectto the levy of a tax to pay the principal of and interest on the Notes as they become due which tax may, under currentlaw, be levied without limitation as to rate or amount.

DATES AND MATURITIES

The Notes will be dated September 15, 2021, will be issued as fully registered Notes in the denomination of $5,000each, or any integral multiple thereof, and will mature on the dates as follows:

Year Amount* Year Amount* Year Amount*10/01/2022 $535,000 10/01/2026 $880,000 10/01/2030 $550,00010/01/2023 625,000 10/01/2027 890,000 04/01/2031 910,00010/01/2024 255,000 10/01/2028 890,00010/01/2025 255,000 10/01/2029 890,000

ADJUSTMENT OPTION

* The City reserves the right to increase or decrease the principal amount of the Notes on the day of sale, inincrements of $5,000 each. Increases or decreases may be made in any maturity. If any principal amounts areadjusted, the purchase price proposed will be adjusted to maintain the same gross spread per $1,000.

TERM BOND OPTION

Bids for the Notes may contain a maturity schedule providing for any combination of serial bonds and term bonds,subject to mandatory redemption, so long as the amount of principal maturing or subject to mandatory redemptionin each year conforms to the maturity schedule set forth above. All dates are inclusive.

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INTEREST PAYMENT DATES AND RATES

Interest will be payable on April 1 and October 1 of each year, commencing April 1, 2022, to the registered ownersof the Notes appearing of record in the bond register as of the close of business on the 15th day (whether or not abusiness day) of the immediately preceding month. Interest will be computed upon the basis of a 360-day year oftwelve 30-day months and will be rounded pursuant to rules of the Municipal Securities Rulemaking Board. All Notesof the same maturity must bear interest from date of issue until paid at a single, uniform rate. Each rate must beexpressed in an integral multiple of 5/100 or 1/8 of 1%.

BOOK-ENTRY-ONLY FORMAT

Unless otherwise specified by the purchaser, the Notes will be designated in the name of Cede & Co., as nominee forThe Depository Trust Company, New York, New York ("DTC"). DTC will act as securities depository for the Notes,and will be responsible for maintaining a book-entry system for recording the interests of its participants and thetransfers of interests between its participants. The participants will be responsible for maintaining records regardingthe beneficial interests of the individual purchasers of the Notes. So long as Cede & Co. is the registered owner ofthe Notes, all payments of principal and interest will be made to the depository which, in turn, will be obligated toremit such payments to its participants for subsequent disbursement to the beneficial owners of the Notes.

PAYING AGENT

The City has selected Bond Trust Services Corporation, Roseville, Minnesota, (“BTSC”) to act as paying agent (the"Paying Agent"). BTSC and Ehlers are affiliate companies. The City will pay the charges for Paying Agent services. The City reserves the right to remove the Paying Agent and to appoint a successor.

OPTIONAL REDEMPTION

At the option of the City, the Notes maturing on or after October 1, 2028 shall be subject to optional redemption priorto maturity on October 1, 2027 or any date thereafter, at a price of par plus accrued interest.

Redemption may be in whole or in part of the Notes subject to prepayment. If redemption is in part, the selection ofthe amounts and maturities of the Notes to be redeemed shall be at the discretion of the City. If only part of the Noteshaving a common maturity date are called for redemption, then the City or Paying Agent, if any, will notify DTC ofthe particular amount of such maturity to be redeemed. DTC will determine by lot the amount of each participant'sinterest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interestin such maturity to be redeemed.

Notice of such call shall be given by sending a notice by registered or certified mail, facsimile or electronictransmission, overnight delivery service or in any other manner required by DTC, not less than 30 days nor more than60 days prior to the date fixed for redemption to the registered owner of each Note to be redeemed at the addressshown on the registration books.

DELIVERY

On or about September 15, 2021, the Notes will be delivered without cost to the winning bidder at DTC. On the dayof closing, the City will furnish to the winning bidder the opinion of bond counsel hereinafter described, an arbitragecertification, and certificates verifying that no litigation in any manner questioning the validity of the Notes is thenpending or, to the best knowledge of officers of the City, threatened. Payment for the Notes must be received by theCity at its designated depository on the date of closing in immediately available funds.

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LEGAL MATTERS

An opinion as to the validity of the Notes and the exemption from federal taxation of the interest thereon will befurnished by Quarles & Brady LLP, Bond Counsel to the City, and will be available at the time of delivery of theNotes. The legal opinion will be issued on the basis of existing law and will state that the Notes are valid and bindinggeneral obligations of the City; provided that the rights of the owners of the Notes and the enforceability of the Notesmay be limited by bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting creditors'rights and by equitable principles (which may be applied in either a legal or equitable proceeding). (See ?FORM OFLEGAL OPINION" found in Appendix B of the Preliminary Official Statement).

Quarles & Brady LLP has also been retained by the City to serve as Disclosure Counsel to the City with respect tothe Notes. Although, as Disclosure Counsel to the City, Quarles & Brady LLP has assisted the City with certaindisclosure matters, Quarles & Brady LLP has not undertaken to independently verify the accuracy, completeness orsufficiency of this Official Statement or other offering material relating to the Notes and assumes no responsibilitywhatsoever nor shall have any liability to any other party for the statements or information contained or incorporatedby reference in this Official Statement. Further, Quarles & Brady LLP makes no representation as to the suitabilityof the Notes for any investor.

SUBMISSION OF BIDS

Bids must not be for less than $6,599,840 plus accrued interest on the principal sum of $6,680,000 from date oforiginal issue of the Notes to date of delivery. The maximum bid allowed will be $6,813,600. Prior to the timeestablished above for the opening of bids, interested parties may submit a bid as follows:

1) Electronically to [email protected]; or

2) Electronically via PARITY in accordance with this Notice of Sale until 10:00 A.M. Central Time, but no bidwill be received after the time for receiving bids specified above. To the extent any instructions or directionsset forth in PARITY conflict with this Notice of Sale, the terms of this Notice of Sale shall control. Forfurther information about PARITY, potential bidders may contact Ehlers or i-Deal LLC at 1359 Broadway,2nd Floor, New York, New York 10018, Telephone (212) 849-5021.

Bids must be submitted to Ehlers via one of the methods described above and must be received prior to the timeestablished above for the opening of bids. Each bid must be unconditional except as to legality. Neither the City norEhlers shall be responsible for any failure to receive a facsimile submission.

A good faith deposit ("Deposit") in the amount of $133,600 shall be made by the winning bidder by wiretransfer of funds. Such Deposit shall be received by Ehlers no later than two hours after the bid opening time. Wire transfer instructions will be provided to the winning bidder by Ehlers after the tabulation of bids. TheCity reserves the right to award the Notes to a winning bidder whose wire transfer is initiated but not received by suchtime provided that such winning bidder’s federal wire reference number has been received by such time. In the eventthe Deposit is not received as provided above, the City may award the Notes to the bidder submitting the next bestbid provided such bidder agrees to such award. The Deposit will be retained by the City as liquidated damages if thebid is accepted and the Purchaser fails to comply therewith.

The City and the winning bidder who chooses to so wire the Deposit hereby agree irrevocably that Ehlers shall bethe escrow holder of the Deposit wired to such account subject only to these conditions and duties: 1) All incomeearned thereon shall be retained by the escrow holder as payment for its expenses; 2) If the bid is not accepted, Ehlersshall, at its expense, promptly return the Deposit amount to the winning bidder; 3) If the bid is accepted, the Depositshall be returned to the winning bidder at the closing; 4) Ehlers shall bear all costs of maintaining the escrow accountand returning the funds to the winning bidder; 5) Ehlers shall not be an insurer of the Deposit amount and shall have

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no liability hereunder except if it willfully fails to perform or recklessly disregards, its duties specified herein; and6) FDIC insurance on deposits within the escrow account shall be limited to $250,000 per bidder.

No bid can be withdrawn after the time set for receiving bids unless the meeting of the City scheduled for award ofthe Notes is adjourned, recessed, or continued to another date without award of the Notes having been made.

AWARD

The Notes will be awarded to the bidder offering the lowest interest rate to be determined on a True Interest Cost(TIC) basis. The City’s computation of the interest rate of each bid, in accordance with customary practice, will becontrolling. In the event of a tie, the sale of the Notes will be awarded by lot. The City reserves the right to rejectany and all bids and to waive any informality in any bid.

BOND INSURANCE

If the Notes are qualified for any bond insurance policy, the purchase of such policy shall be at the sole option andexpense of the winning bidder. Any cost for such insurance policy is to be paid by the winning bidder, except that,if the City requested and received a rating on the Notes from a rating agency, the City will pay that rating fee. Anyrating agency fees not requested by the City are the responsibility of the winning bidder.

Failure of the municipal bond insurer to issue the policy after the Notes are awarded to the winning bidder shall notconstitute cause for failure or refusal by the winning bidder to accept delivery of the Notes.

CUSIP NUMBERS

The City will assume no obligation for the assignment or printing of CUSIP numbers on the Notes or for thecorrectness of any numbers printed thereon, but will permit such numbers to be printed at the expense of the winningbidder, if the winning bidder waives any delay in delivery occasioned thereby.

QUALIFIED TAX-EXEMPT OBLIGATIONS

The Notes are qualified tax-exempt obligations for purposes of Section 265(b)(3) of the Internal Revenue Code of1986, as amended.

CONTINUING DISCLOSURE

In order to assist the Underwriters in complying with the provisions of Rule 15c2-12 promulgated by the Securitiesand Exchange Commission under the Securities Exchange Act of 1934 the City will enter into an undertaking for thebenefit of the holders of the Notes. A description of the details and terms of the undertaking is set forth in AppendixD of the Official Statement.

NEW ISSUE PRICING

The winning bidder will be required to provide, in a timely manner, certain information necessary to compute theyield on the Notes pursuant to the provisions of the Internal Revenue Code of 1986, as amended, and to provide acertificate which will be provided by Bond Counsel upon request.

(a) The winning bidder shall assist the City in establishing the issue price of the Notes and shall execute anddeliver to the City at closing an "issue price" or similar certificate satisfactory to Bond Counsel setting forth thereasonably expected initial offering price to the public or the sales price or prices of the Notes, together with thesupporting pricing wires or equivalent communications. All actions to be taken by the City under this Notice of Sale

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to establish the issue price of the Notes may be taken on behalf of the City by the City’s municipal advisor identifiedherein and any notice or report to be provided to the City may be provided to the City’s municipal advisor.

(b) The City intends that the provisions of Treasury Regulation Section 1.148-1(f)(3)(i) (defining "competitivesale" for purposes of establishing the issue price of the Notes) will apply to the initial sale of the Notes (the"competitive sale requirements") because:

(1) The City shall disseminate this Notice of Sale to potential underwriters in a manner that is reasonablydesigned to reach potential investors;

(2) all bidders shall have an equal opportunity to bid;

(3) the City may receive bids from at least three underwriters of municipal bonds who have establishedindustry reputations for underwriting new issuances of municipal bonds; and

(4) the City anticipates awarding the sale of the Notes to the bidder who submits a firm offer to purchasethe Notes at the highest price (or lowest interest cost), as set forth in this Notice of Sale.

Any bid submitted pursuant to this Notice of Sale shall be considered a firm offer for the purchase of the Notes, asspecified in this bid.

(c) If all of the requirements of a "competitive sale" are not satisfied, the City shall advise the winning bidderof such fact prior to the time of award of the sale of the Notes to the winning bidder. In such event, any bid submittedwill not be subject to cancellation or withdrawal and the City agrees to use the rule selected by the winning bidderon its bid form to determine the issue price for the Notes. On its bid form, each bidder must select one of thefollowing two rules for determining the issue price of the Notes: (1) the first price at which 10% of a maturity of theNotes (the "10% test") is sold to the public as the issue price of that maturity or (2) the initial offering price to thepublic as of the sale date as the issue price of each maturity of the Notes (the "hold-the-offering-price rule").

(d) If all of the requirements of a "competitive sale" are not satisfied and the winning bidder selects the hold-the-offering-price rule, the winning bidder shall (i) confirm that the underwriters have offered or will offer the Notes tothe public on or before the date of award at the offering price or prices (the "initial offering price"), or at thecorresponding yield or yields, set forth in the bid submitted by the winning bidder and (ii) agree, on behalf of theunderwriters participating in the purchase of the Notes, that the underwriters will neither offer nor sell unsold Notesof any maturity to which the hold-the-offering-price rule shall apply to any person at a price that is higher than theinitial offering price to the public during the period starting on the sale date and ending on the earlier of the following:

(1) the close of the fifth (5th) business day after the sale date; or

(2) the date on which the underwriters have sold at least 10% of that maturity of the Notes to the public ata price that is no higher than the initial offering price to the public.

The winning bidder will advise the City promptly after the close of the fifth (5th) business day after the sale whetherit has sold 10% of that maturity of the Notes to the public at a price that is no higher than the initial offering price tothe public.

The City acknowledges that in making the representation set forth above, the winning bidder will rely on:

(i) the agreement of each underwriter to comply with requirements for establishing issue price of the Notes,including, but not limited to, its agreement to comply with the hold-the-price rule, if applicable to the Notes, as setforth in an agreement among underwriters and the related pricing wires,

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(ii) in the event a selling group has been created in connection with the initial sale of the Notes to the public,the agreement of each dealer who is a member of the selling group to comply with the requirements for establishingissue price of the Notes, including, but not limited to, its agreement to comply with the hold-the-offering-price rule,if applicable to the Notes, as set forth in a selling group agreement and the related pricing wires, and

(iii) in the event that an underwriter or dealer who is a member of the selling group is a party to a third-partydistribution agreement that was employed in connection with the initial sale of the Notes to the public, the agreementof each broker-dealer that is party to such agreement to comply with the requirements for establishing issue price ofthe Notes, including, but not limited to, its agreement to comply with the hold-the-offering-price rule, if applicableto the Notes, as set forth in the third-party distribution agreement and the related pricing wires. The City furtheracknowledges that each underwriter shall be solely liable for its failure to comply with its agreement regarding therequirements for establishing issue price rule of the Notes, including, but not limited to, its agreement to comply withthe hold-the-offering-price rule, if applicable to the Notes, and that no underwriter shall be liable for the failure of anyother underwriter, or of any dealer who is a member of a selling group, or of any broker-dealer that is a party to athird-party distribution agreement to comply with its corresponding agreement to comply with the requirements forestablishing issue price of the Notes, including, but not limited to, its agreement to comply with the hold-the-offering-price rule as applicable to the Notes.

(e) If all of the requirements of a "competitive sale" are not satisfied and the winning bidder selects the 10% test,the winning bidder agrees to promptly report to the City, Bond Counsel and Ehlers the prices at which the Notes havebeen sold to the public. That reporting obligation shall continue, whether or not the closing date has occurred, untileither (i) all Notes of that maturity have been sold or (ii) the 10% test has been satisfied as to each maturity of theNotes, provided that, the winning bidder’s reporting obligation after the Closing Date may be at reasonable periodicintervals or otherwise upon request of the City or bond counsel.

(f) By submitting a bid, each bidder confirms that:

(i) any agreement among underwriters, any selling group agreement and each third-party distributionagreement (to which the bidder is a party) relating to the initial sale of the Notes to the public, together with the relatedpricing wires, contains or will contain language obligating each underwriter, each dealer who is a member of theselling group, and each broker-dealer that is party to such third-party distribution agreement, as applicable, to:

(A) report the prices at which it sells to the public the unsold Notes of each maturity allocated to it, whetheror not the Closing Date has occurred until either all securities of that maturity allocated to it have been sold or it isnotified by the winning bidder that either the 10% test has been satisfied as to the Notes of that maturity, providedthat, the reporting obligation after the Closing Date may be at reasonable periodic intervals or otherwise upon requestof the City or bond counsel.

(B) comply with the hold-the-offering-price rule, if applicable, in each case if and for so long as directed bythe winning bidder and as set forth in the related pricing wires, and

(ii) any agreement among underwriters or selling group agreement relating to the initial sale of the Notes tothe public, together with the related pricing wires, contains or will contain language obligating each underwriter, eachdealer who is a member of the selling group and each broker dealer that is a party to a third-party distributionagreement to be employed in connection with the initial sale of the Notes to the public to require each broker-dealerthat is a party to such third-party distribution agreement to:

(A) to promptly notify the winning bidder of any sales of Notes that, to its knowledge, are made to a purchaserwho is a related party to an underwriter participating in the initial sale of the Notes to the public (each such term beingused as defined below), and

E-6


(B) to acknowledge that, unless otherwise advised by the underwriter, dealer or broker-dealer, the winningbidder shall assume that each order submitted by the underwriter, dealer or broker-dealer is a sale to the public.

(g) Sales of any Notes to any person that is a related party to an underwriter participating in the initial sale of theNotes to the public (each term being used as defined below) shall not constitute sales to the public for purposes of thisNotice of Sale. Further, for purposes of this Notice of Sale:

(i) "public" means any person other than an underwriter or a related party,

(ii) "underwriter" means (A) any person that agrees pursuant to a written contract with the City (or withthe lead underwriter to form an underwriting syndicate) to participate in the initial sale of the Notesto the public and (B) any person that agrees pursuant to a written contract directly or indirectly witha person described in clause (A) to participate in the initial sale of the Notes to the public (includinga member of a selling group or a party to a third-party distribution agreement participating in theinitial sale of the Notes to the public),

(iii) a purchaser of any of the Notes is a "related party" to an underwriter if the underwriter and thepurchaser are subject, directly or indirectly, to (A) more than 50% common ownership of the votingpower or the total value of their stock, if both entities are corporations (including direct ownershipby one corporation of another), (B) more than 50% common ownership of their capital interests orprofits interests, if both entities are partnerships (including direct ownership by one partnership ofanother), or (C) more than 50% common ownership of the value of the outstanding stock of thecorporation or the capital interests or profit interests of the partnership, as applicable, if one entityis a corporation and the other entity is a partnership (including direct ownership of the applicablestock or interests by one entity of the other), and

(iv) "sale date" means the date that the Notes are awarded by the City to the winning bidder.

PRELIMINARY OFFICIAL STATEMENT

Bidders may obtain a copy of the Preliminary Official Statement relating to the Notes prior to the bid opening byrequest from Ehlers at www.ehlers-inc.com by connecting to the Bond Sales link. The Syndicate Manager will beprovided with an electronic copy of the Final Official Statement within seven business days of the bid acceptance. Up to 10 printed copies of the Final Official Statement will be provided upon request. Additional copies of the FinalOfficial Statement will be available at a cost of $10.00 per copy.

Information for bidders and bid forms may be obtained from Ehlers at 3060 Centre Pointe Drive, Roseville, Minnesota55113-1105, Telephone (651) 697-8500.

By Order of the Common Council


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BID FORM

The Common Council August 26, 2021City of Altoona, Wisconsin (the “City”)

RE: $6,680,000* General Obligation Promissory Notes, Series 2021B (the "Notes")DATED: September 15, 2021

For all or none of the above Notes, in accordance with the Notice of Sale and terms of the Global Book-Entry System (unless otherwise specifiedby the Purchaser) as stated in this Official Statement, we will pay you $__________________ (not more than $6,813,600, or not less than$6,599,840) plus accrued interest to date of delivery for fully registered Notes bearing interest rates and maturing as follows:

% due 10/01/2022 % due 10/01/2026 % due 10/01/2030

% due 10/01/2023 % due 10/01/2027 % due 04/01/2031

% due 10/01/2024 % due 10/01/2028

% due 10/01/2025 % due 10/01/2029

* The City reserves the right to increase or decrease the principal amount of the Notes on the day of sale, in increments of $5,000 each. Increasesor decreases may be made in any maturity. If any principal amounts are adjusted, the purchase price proposed will be adjusted to maintain the samegross spread per $1,000.

All Notes of the same maturity must bear interest from date of issue until paid at a single, uniform rate. Each rate must be expressed in an integralmultiple of 5/100 or 1/8 of 1%.

A good faith deposit ("Deposit") in the amount of $133,600 shall be made by the winning bidder by wire transfer of funds. Such Depositshall be received by Ehlers no later than two hours after the bid opening time. Wire transfer instructions will be provided to the winningbidder by Ehlers after the tabulation of bids. The City reserves the right to award the Notes to a winning bidder whose wire transfer is initiatedbut not received by such time provided that such winning bidder’s federal wire reference number has been received by such time. In the event theDeposit is not received as provided above, the City may award the Notes to the bidder submitting the next best bid provided such bidder agreesto such award. The Deposit will be retained by the City as liquidated damages if the bid is accepted and the Purchaser fails to comply therewith. We agree to the conditions and duties of Ehlers and Associates, Inc., as escrow holder of the Deposit, pursuant to the Notice of Sale. This bid isfor prompt acceptance and is conditional upon delivery of said Notes to The Depository Trust Company, New York, New York, in accordance withthe Notice of Sale. Delivery is anticipated to be on or about September 15, 2021.

This bid is subject to the City’s agreement to enter into a written undertaking to provide continuing disclosure under Rule 15c2-12 promulgatedby the Securities and Exchange Commission under the Securities Exchange Act of 1934 as described in the Preliminary Official Statement for theNotes.

We have received and reviewed the Official Statement, and any addenda thereto, and have submitted our requests for additional information orcorrections to the Final Official Statement. As Syndicate Manager, we agree to provide the City with the reoffering price of the Notes within 24hours of the bid acceptance.

This bid is a firm offer for the purchase of the Notes identified in the Notice of Sale, on the terms set forth in this bid form and the Notice of Sale,and is not subject to any conditions, except as permitted by the Notice of Sale.

By submitting this bid, we confirm that we are an underwriter and have an established industry reputation for underwriting new issuances ofmunicipal bonds. YES: ____ NO: ____.

If the competitive sale requirements are not met, we elect to use either the: _____10% test, or the _____hold-the-offering-price rule to determinethe issue price of the Notes.

Account Manager: By:Account Members:

Award will be on a true interest cost basis. According to our computations (the correct computation being controlling in the award), the totaldollar interest cost (including any discount or less any premium) computed from September 15, 2021 of the above bid is $_______________andthe true interest cost (TIC) is __________%.

The foregoing offer is hereby accepted by and on behalf of the Common Council of the City of Altoona, Wisconsin, on August 26, 2021.

By: By:

Title: Title:



MEMORANDUM








(IX) NEW BUSINESS

ITEM 3 - Public Hearing at 6:00 or as soon thereafter as possible regarding a proposed Certified

Survey Map to divide parcel 201100209060 located between Woodman Drive and River Prairie

Drive (Discussed at the August 17 Plan Commission).

See Enclosed:

- Proposed CSM

The proposed Certified Survey Map subdivides the 2.101-acre parcel into a 1.12-acre and 0.981-acre parcel.

The easterly parcel, 1.12-acres, is subject to a proposed Specific Implementation Plan to be considered later

on the agenda.

Suggested motion: I move to close the public hearing.

ITEM 4 - Discuss/consider approval of a Certified Survey Map to subdivide parcel 201100209060.

See ITEM 3 for summary and materials. The Plan Commission recommended approval on August 17th.

Suggested Motion: I move to approve the Certified Survey Map.

City Council | August 26, 2021New Business | Item 3 and 4 | Page 1 of 4

Return to Agenda >>

City Council | August 26, 2021 New Business | Item 3 and 4 | Page 2 of 4

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FOUND 3/4" IRON BAR WITH CAPFOUND 1" OUTSIDE DIAMETER IRON PIPE

RECORD INFORMATION( )FOUND MAGNAIL

LEGENDFOUND SQUARE LIMESTONE MONUMENT

FOUND MAGNAILSET 1" OUTSIDE DIAMETER BY 18" IRON PIPE, 1.13 POUNDS / LINEAR F00T

CERTIFIED SURVEY MAP NO._____________VOLUME _____________ PAGE _____________

SHEET 1 OF 2 SHEETS

BEARINGS AREREFERENCED TO THESOUTH LINE OF THESOUTHWEST 1/4 OFSECTION 15, WHICH ISASSUMED TO BEARN89°08'56"W.

Lot 4 of Certified Survey Map Number 3002 recorded in Volume 17, Page 8as Document Number 1104217, located in the Southwest Quarter of theSoutheast Quarter, Section 15, Township 27 North, Range 9 West, in theCity of Altoona, Eau Claire County, Wisconsin.

Owner: Jelivann Waukesha LLC C/O Raven Property Group Inc

PO BOX 217 Waunakee, WI 53597-0217

PH: (715) 831-0654 EMAIL: [email protected]

1818 BRACKETT AVENUE EAU CLAIRE, WI 54701

EVERA SURVEIN ENINEERIN

PRELIMINARY

1"=60'


AutoCAD SHX Text

C1

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C2

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(S73°33'49"E 231.12')

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(S10°01'10"E 179.44')

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WOODMAN DRIVE

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"PRIVATE ROAD"

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BLAZING STAR BOULEVARD

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69'

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32'

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WIDTH VARIES

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OUTLOT 1 CERTIFIED SURVEY MAP 3003 VOLUME 17 PAGE 13-16

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LOT 1

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15'

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10'

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LOT 1 48,829 SQUARE FEET 1.12 ACRES

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LOT 2 42,677 SQUARE FEET 0.98 ACRES

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EXISTING UTILITY EASEMENT DOCUMENT NUMBER 1116767

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EXISTING CITY OF ALTOONA EASEMENT

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60

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30

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0

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SOUTH 1/4 15-27-09

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SOUTHEAST CORNER 15-27-09

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DETAIL NOT TO SCALE

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UNITED STATES HIGHWAY 53 ON-RAMP

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NOTES: SEE PAGE 2 FOR CURVE TABLE. FIELDWORK WAS COMPLETED ON X-XX-XX.

CURVE TABLECURVE

C1

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46.50'

1476.39'

CHORD BEARING

N36°59'55"E

S83°02'32"E

CHORD

51.67'

8.95'

ARC

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SHEET 2 OF 2 SHEETS

CERTIFIED SURVEY MAP NO._____________VOLUME _____________ PAGE _____________

SURVEYOR'S CERTIFICATE:I, Jeffrey C. Stockburger, Professional Land Surveyor in the State of Wisconsin, do hereby certify that by the order ofAdam Stein, I have surveyed Lot 4 of Certified Survey Map Number 3002 recorded in Volume 17, Page 8 asDocument Number 1104217, located in the Southwest Quarter of the Southeast Quarter, Section 15, Township 27North, Range 9 West, in the City of Altoona, Eau Claire County, Wisconsin. The parcel is more particularly describedas follows:

Lot 4 of Certified Survey Map Number 3002 recorded in Volume 17, Page 8 as Document Number 1104217, locatedin the Southwest Quarter of the Southeast Quarter, Section 15, Township 27 North, Range 9 West, in the City ofAltoona, Eau Claire County, Wisconsin.

Said parcel contains 91,506 square feet or 2.10 total acres, more or less.

I also certify that I have complied with the provisions of Chapter 236.34 of the Wisconsin Statutes, WisconsinAdministrative Code Chapter AE-7, and the City of Altoona subdivision Ordinance. I further certify to the best of myknowledge and belief that the accompanying map is a true and correct representation of the exterior boundaries of theland surveyed and the division thereof made.

Dated this_______________day of____________________________, 2021.

_____________________________________________________Jeffrey C. Stockburger, Wisconsin Professional Land Surveyor, S-2708Project Number: 21061

Lot 4 of Certified Survey Map Number 3002 recorded in Volume 17,Page 8 as Document Number 1104217, located in the SouthwestQuarter of the Southeast Quarter, Section 15, Township 27 North,Range 9 West, in the City of Altoona, Eau Claire County, Wisconsin.




PRELIMINARY

CERTIFICATE OF THE CITY PLAN COMMISSION

THE CITY OF ALTOONA HEREBY CERTIFIES THIS CERTIFIED SURVEY MAP COMPLIES WITH THE CITY OF ALTOONA'SMUNICIPAL CODE SUBDIVISION ORDINANCE AND IS APPROVED BY THE ALTOONA PLAN COMMISSION PURSUANT TOTHE SUBDIVISION ORDINANCE.

Approved this day of , by the Altoona Common Council

Brendan J Pratt Title



MEMORANDUM








(IX) NEW BUSINESS

ITEM 5 - Discuss/consider approval of a Specific Implementation Plan for a multi-tenant building

occupying the eastern half of parcel number 201100209060 located between Woodman Drive and

River Prairie Drive in the River Prairie Mixed Use District. (Discussed at the 8/17/2021 Plan

Commission meeting).

See Enclosed:

- Staff Report 21-08B

- Proposed Specific Implementation Plan

The proposed Specific Implementation Plan (SIP) for a 6,200 ft2 commercial multi-tenant building

architecture and site design elements for property located between Woodman Drive and River Prairie

Drive, east of Bluestem Boulevard. This site is part of the Woodman’s Crossing General

Implementation Plan in the River Prairie Mixed Use District zoning. The property is a prepared “pad

ready” site.

The 2.101-acre site is proposed to be subdivided via CSM to create two parcels. This proposed SIP

applies to the easterly 1.12 acres. The vehicle ingress/egress is taken from Woodman Drive, a private

road.

See the enclosed Staff Report and proposed Specific Implementation Plan for further analysis and

detail.

Staff recommends approval of the Specific Implementation Plan as being in substantial compliance

with the River Prairie Design Guidelines and Standards with the following modifications:


Return to Agenda >>


A. Access, Circulation & Parking (RPDG IX. 1)

1. Walkways shall be a minimum of six feet in width [IX. 1. (C)(5)].

B. Building and Architectural Standards [RPDG IX 7]

1. The Council recognizes that the proposed site arrangement does not meet the design

guidelines insofar as allowing automobile circulation and parking between the building and the

primary street [RPDG IX 7.3 (B)(2)], and greater setback than otherwise permitted, due to the

proposed uses that include vehicle drive-through facilities [RPDG IX 7.3 (B)].

2. Any/all mechanical equipment, including roof-mounted units, shall be appropriately

screened by building-compatible materials or landscaping [RPDG, IX 7 H].

3. Sign permits will be required for all building and ground signs and meet design

requirements outlined in the River Prairie Design Guidelines, IX 5.

4. All exterior lighting on the site shall be of full cut-off design and be shielded to prevent

spillover of direct light onto adjacent properties [Altoona Municipal Code 19.59.030 (H)].

C. Utilities

1. If the building features a sprinkler system, the Fire Department Connection (FDC) shall be

4” STORTZ with final placement reviewed and approved by Altoona Fire Department.

2. Submittal and successful review of final storm water plan and civil site plan by City

Engineer as described in the Altoona Municipal Code Chapter 14.

The SIP was recommended for approval, with the above modifications, by the Plan Commission on August

17th.

Suggested motion: I move to approve/not approve the proposed Specific Implementation Plan as being in

substantial compliance with the River Prairie Design Guidelines & Standards with staff-recommended

modifications.


PLANNING DEPARTMENT STAFF REPORT 21-08B

SPECIFIC IMPLEMENTATION PLAN – Woodman’s Crossing Multi-Tenant 2021 August 13

City of Altoona | V 715-839-6092 | F 715-839-1800 21-08B Page 1 1303 Lynn Avenue | Altoona | WI | 54720 Specific Implementation Plan – River Prairie – Woodman’s Crossing Multi-Tenant www.ci.altoona.wi.us | [email protected] 2021 August 13

Address TBD

Parcel ID 201100209060 (part)

Application Specific Implementation Plan

Prepared By Joshua Clements, AICP, City Planner

Applicant Logic Design & Architecture

Owner Jelivann Waukesha LLC PO BOX 217 Waukesha, WI 53597 Parcel Description PRT OF SW-SE; LOT 4 CSM 3002 (V17 P8 #1104217)

Requested Action Approval of Specific Implementation Plan for the 1.12-acre site, 6,200 ft2 commercial multi-tenant building with drive-through and associated Site Plan.

Proposal Summary The proposed Specific Implementation Plan (SIP) for a 6,200 ft2 commercial multi-tenant building architecture and site design elements for property located between Woodman Drive and River Prairie Drive, east of Bluestem Boulevard. This site is part of the Woodman’s Crossing General Implementation Plan in the River Prairie Mixed Use District zoning. The property is a prepared “pad ready” site.

The 2.101-acre site is proposed to be subdivided via CSM to create two parcels. This proposed SIP applies to the easterly 1.12 acres. The vehicle ingress/egress is taken from Woodman Drive, a private road.

Vehicle circulation is provided around the entire building, with a drive-up service window associated with the westerly business suite for a drive-up food establishment. Customer entrances are on the south side of the building facing Woodman Drive with vehicle parking to the south and west. The site features a 270 ft2 patio seating area and fair pedestrian facilities. 54 vehicle parking spaces are reflected in the proposal. Note: the proposal has been revised to remove the vehicle connection to the west property that has been removed, adding two parking spaces.

The exterior materials are proposed to be predominately fiber cement panels, brick veneer base and accents, and metal storefront, windows, awnings, and fixtures.

Stormwater at this site will be collected via two bioretention basins and connecting to the regional stormwater system. The regional pond is located in the northwestern area of the quadrant adjacent to Prevea Health and WNB Financial.

Submittals Site drawings and renderings submitted by Logic Design & Architecture, Pinnacle Engineering Group, and Everyday Surveying & Engineering are substantially complete as required in Section VIII 2. of the River Prairie Design Standards and Standards. Submission package includes Narrative Summary, Site Plan (numbered C1 – C8), landscaping plan and detail (LSP1.1 – 1.2), architecture (5 pages), photometric plan (PSP1.1), and ALTA Survey.

SUMMARY




Enclosed in 2021 August 17 Plan Commission Packet:

(a) General Location Map: C1 (b) A Site Inventory and Analysis: Alta Survey (Everyday Surveying & Engineering). (c) A Site Plan that includes the following:

a. Location of proposed structures and existing structures that will remain, with height and gross floor area included: Provided.

b. Location of street and pedestrian lighting, including lap intensity, design and height: Photometric Plan, PSP1.1.

c. Location of proposed open space: PSP1.1, PSP 1.2. d. The circulation system indicating pedestrian, bicycle and motor vehicle

movement systems: C3 e. Location of all trees, shrubs, and ground cover (proposed or existing) to

remain on site: PSP1.1, PSP 1.2. (d) A Stormwater Management Plan: Grading C5, Utility C7. Require City Engineer

review of detailed plan prior to issuance of building permit. (e) Detailed Elevations of Buildings: Provided. (f) Utilities Plan: C7. (g) A Written Report: Provided (h) Phasing Plans Where Applicable: Building Addition illustrated throughout plans (i) Any other information deemed necessary by the Plan Commission or Common

Council: Grading Plan, C5; Erosion Control Plan, C6

Applicable Standards City of Altoona Comprehensive Plan (2009) River Prairie Design Guidelines and Standards (2007)

Review Required By Plan Commission (2021 August 17) recommendation to City Council (August 26).

Reviewed By Planning Department; Public Works; Fire Department

Staff Recommendation Approve Specific Implementation Plan subject to modifications and findings (15).

Zoning & Land Use The current land use of the parcel is Vacant.

River Prairie NW Quadrant Zoning Land Use

Subject Site River Prairie Mixed-Use Vacant

West River Prairie Mixed-Use Vacant

North N/A River Prairie Drive

East N/A Highway 53

South River Prairie Mixed Use Woodman’s Market

Background Information




Above: Proposed site of Woodman’s Crossing Multi-Tenant (2020 Eau Claire County aerial image)

Proposed Land Use Commercial – Retail/Office Multi-Tenant w/Drive Through.

The 2009 City of Altoona Comprehensive Plan identifies the area as the River Prairie Mixed-Use District generally, and this site is illustrated as convenience retail in the Woodman’s Crossing General Implementation Plan. Specific Implementation Plan is consistent with the GIP and Comprehensive Plan.

Parcel is zoned River Prairie Mixed Use, and the Specific Implementation Plan entails

review of proposed use, site and structure. Proposed use, building design and circulation elements are generally consistent with use guidelines outlined in the approved Woodman’s Crossing General Implementation Plan.

Criteria for Approval River Prairie Design Standards & Guidelines Section VIII 2 – see Submittals on page 2.

Planning Department has reviewed and confirmed submittals generally satisfy the River Prairie Design Standards and Guidelines regarding architectural design and site plan. Recommended of conditions of approval detailed below.

Project Description, Analysis & Conclusion

Conformance with Zoning

Conformance with Comprehensive Plan




Parking

A total of 54 automobile parking spaces, including 3 ADA, are proposed. There are no minimum automobile parking requirements in the River Prairie Mixed Used District. The spaces include drive-up waiting spaces and “mobile ordering waiting spaces” for customers to receive ordered products.

The proposed building footprint is 6,200 ft2. The maximum parking allowed varies by square use. The known use of Suite A, Fast Food is 15/1,000 ft2. The other uses are assumed based upon unconfirmed tenants. This results in a maximum of 64 spaces for the proposed building, fewer than are proposed. Staff is satisfied that the parking provided is not likely to exceed the maximum if the unconfirmed uses differ from those projected.

Area Use Max Spaces Computation

Suite A 2,228 ft2 Fast Food 15 / 1000 ft2 33

Suite B 1,240 ft2 General Retail 4 /1000 ft2 5

Suite C 2,610 ft2 Standard Restaurant 10 / 1000 ft2 26

64

The parking arrangement and sizes are within the guidelines provided.

Six bicycle parking spaces are provided (3 fixtures) toward the southeast corner of the building, satisfying minimum requirements.

Criteria: Met.

Access & Circulation

The site includes existing sidewalks along Woodman Drive, and proposed new vehicle access point. The site includes a pedestrian walkway connection to the building, crossing the entrance driveway and interior drive isle. A walkway is also provided to connect to the future adjacent site to the west for between-site circulation.

The interior connecting walkways are drawn at five feet in width. Each walkway shall be a minimum of six feet in width [IX. 1. (C)(5)].

Criteria: Walkways shall be six feet in width.

Landscape

The preliminary landscape plan submitted with the Plan includes foundation plantings and landscaping areas throughout the site. Canopy and small trees are located around the perimeter of the site and interior areas, sized appropriately to the site context.

Criteria: Met.

Building

The building façade meets the River Prairie Design Guidelines and Standards regarding materials, variation in massing, character and image. The proposed materials include fiber cement panels, brick veneer base and accents, and metal storefront, windows, awnings, and fixtures. The proposed location of the refuse enclosure is the southeast corner of the vehicle area. The refuse enclosure illustration reflects gates and building compatible materials.




The River Prairie Design Guidelines indicate that build-to lines be established to form visually continuous, pedestrian-oriented streetfronts with no vehicle use area between building faces and the street [RPDG IX 7.3 (B)]. These guidelines provide that building setbacks be not greater than 15 feet. The building setback Woodman Drive does not meet this provision due to the drive-through arrangement of the use.

The photometric plan reflects installation of LED lights, which does cast illumination off-site. All exterior lighting on the site shall be of full cut-off design and be shielded to prevent spillover of direct light onto adjacent properties [Altoona Municipal Code 19.59.030 (H)].

Criteria: Full cut-off and shielded lighting.

Utilities

All utilities are underground and subbed into the property.

Criteria: Met.

Staff Recommendation Planning Department recommends the Plan Commission approve the Specific Implementation Plan as being in substantial conformance with the River Prairie Design Guidelines and Standards with specified modifications and conditions (15):

A. Letter designates general review category 1. Number heading denotes proposed condition

a. Small numeral subheading denotes subordinate or referred condition i. (i) indicates staff comment or ordinance reference.

Any changes to civil plan, landscape plan, architecture, or circulation from the SIP submittals shall be reviewed by City of Altoona staff, per River Prairie Design Guidelines & Standards [RPDG] amendment process [VIII]. Major changes will require review by the Plan Commission and Council. Appropriate building permits shall not be issued until City staff successfully reviews and approves of final plans to ensure conformance with River Prairie Design Guidelines & Standards and consistency with the SIP approval conditions herein; and consistent with Altoona Municipal Code Chapter 14 “Stormwater”.

A. Access, Circulation & Parking (RPDG IX. 1) 1. Walkways shall be a minimum of six feet in width [IX. 1. (C)(5)].

B. Building and Architectural Standards [RPDG IX 7] 1. The Council recognizes that the proposed site arrangement does not meet the design guidelines

insofar as allowing automobile circulation and parking between the building and the primary street [RPDG IX 7.3 (B)(2)], and greater setback than otherwise permitted, due to the proposed uses that include vehicle drive-through facilities [RPDG IX 7.3 (B)].

2. Any/all mechanical equipment, including roof-mounted units, shall be appropriately screened by building-compatible materials or landscaping [RPDG, IX 7 H].

3. Sign permits will be required for all building and ground signs and meet design requirements outlined in the River Prairie Design Guidelines, IX 5.

4. All exterior lighting on the site shall be of full cut-off design and be shielded to prevent spillover of direct light onto adjacent properties [Altoona Municipal Code 19.59.030 (H)].




C. Utilities 1. If the building features a sprinkler system, the Fire Department Connection (FDC) shall be 4” STORTZ

with final placement reviewed and approved by Altoona Fire Department.

2. Submittal and successful review of final storm water plan and civil site plan by City Engineer as described in the Altoona Municipal Code Chapter 14.

Additional Voluntary Recommendations:

The following recommendations are suggestions for improving the project that are not directly tied to existing municipal codes or ordinances. In particular, in addition to environmental and likely financial benefits, the following measures might further distinguish this project to investors and/or tenants.

1. Include bicycle racks (wall or hanging) within employee areas of the building to facilitate bicycle

commuting.

2. Explore installing solar photovoltaic system, or consider “solar ready” construction measures to enable future deployment of solar. See City of Eau Claire “Solar Ready Guidelines”: www.eauclairewi.gov/government/our-divisions/renewable-energy-action-plan

3. Consider high-efficiency / high-performance construction techniques, equipment and certification programs, such as EnergyStar, to reduce long-term operational costs.



http://www.eauclairewi.gov/government/our-divisions/renewable-energy-action-plan

Logic Design & Architecture, Inc. | www.LogicDA.com | 414.909.0080

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City of Altoona

Joshua Clements - City Planner

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Le.er of Intent - Proposed Mul1-Tenant Building

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Altoona, WI �-"��

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The proposed mul1-tenant building will be located in the NE quadrant of the intersec1on of Woodman Drive and Bluestem Blvd in

the City of Altoona. The total project area is .�� acres. The site is bordered by River Prairie Dr to the north, Bluestem Blvd to the

west, Woodman Dr to the south, and US Highway �� on-ramp to the east.

The building will be situated with the main entrance facing the south parking area, an outdoor sea1ng area to the west, and drive

thru circula1ng around the building with a substan1al queue capacity. The trash enclosure will be located on the east end of the site

and will incorporate a masonry enclosure with wood gates (to match building façade) and landscape screening. Parking for the site is

provided by a new parking lot (-� general stalls & � ADA stalls). This parking lot has driveway access from Woodman Dr and a future

connec1on to the adjacent lot.

Landscaping will be done in accordance to the City of Altoona standards with a combina1on of trees, shrubs, and grasses planted

along the building founda1on and around the perimeter of the site. Pole mounted area ligh1ng will be placed around the site.

Recessed canopy ligh1ng, wall mounted down ligh1ng, and wall pack ligh1ng will be placed on the proposed building.

Stormwater runoff from the roof drains will be directed to the exis1ng storm sewer system. The parking lot and drives will sheet flow

away from the building and into bio-reten1on basins located at the east and west sides of the site. Runoff leaving this site will meet

and/or exceed the standards of both the City of Altoona and WIDNR for water quality and infiltra1on.

There is a City sanitary sewer line (�”) and water main (�”) that enters the site to the south along Woodman Dr. The proposed

building will 1e into these u1li1es with a �” water service and �” sanitary service. All u1li1es have been designed to accommodate

mul1ple tenants at this development. In addi1on, there is gas, electric, and cable adjacent to the site.

This submi.al is for building shell only, Starbucks and other future tenants will submit interior buildout drawings, occupancy

applica1ons, signage approvals, etc. under separate covers.

RespecDully submi.ed,

Adam J. Stein

Principal, Architect, NCARB


Proposed Building @ Hwy 53 & River Prairie RdCity of Altoona, WI | July 2021

NW Corner NE Corner

SW CornerSE Corner

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COPYRIGHT 2021 | LOGIC DESIGN & ARCHITECTURE, INC.


design & architecture, inc.


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; 2,228 SF

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PROPOSED

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TENANT A

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101

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; 1,247 SF

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PROPOSED

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TENANT B

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102

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; 2,610 SF

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PROPOSED

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TENANT C

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103

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; 68 SF

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LL ROOM

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-

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1

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A3.1

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FILE NAME: C:\USERS\TYOKES\DESKTOP\DROPBOX\_ACTIVE PROJECTS\21-012_ALTOONA WI OUTLOT\SHEETS\SHEETS_21-012_ALTOONA OUTLOT.DWGC:\USERS\TYOKES\DESKTOP\DROPBOX\_ACTIVE PROJECTS\21-012_ALTOONA WI OUTLOT\SHEETS\SHEETS_21-012_ALTOONA OUTLOT.DWG

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PLOT DATE: 7/16/20217/16/2021

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A1.2

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FLOOR PLAN

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Woodman's Crossing Highway 53 & River Prairie Rd Altoona, WI 54720

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Dates/Revisions

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COPYRIGHT LOGIC DESIGN & ARCHITECTURE, INC. (LDA), 2021 ALL RIGHTS RESERVED - THIS DRAWING IS NOT TO BE REPRODUCED, CHANGED, COPIED OR ASSIGNED TO ANY THIRD PARTY IN ANY FORM OR MANNER WITHOUT FIRST OBTAINING THE EXPRESSED WRITTEN PERMISSION OF LDA. THE CLIENT AGREES TO INDEMNIFY AND HOLD THE DESIGNERS/ARCHITECTS/CORP. HARMLESS FROM ANY DAMAGES, LIABILITY, OR COST, INCLUDING ATTORNEY'S FEES AND COSTS OF DEFENSE ARISING FROM ANY CHANGES OR ALTERATIONS MADE BY ANYONE OTHER THAN THE LDA, OR FROM ANY REUSE OF THE DRAWINGS OR DATA WITHOUT THE PRIOR WRITTEN CONSENT OF LDA.

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- PRELIMINARY - NOT FOR CONSTRUCTION

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Additional Info

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Project Manager: WBM Job Number: 21-012

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LogicDA.com | 414.909.0080

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07.16.21 PLAN COMMISSION SUBMITTAL

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Proposed Outlot

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PROPOSED FLOOR PLAN

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3/16" = 1'-0"

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ST

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T/O SILL

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102'-8" ;

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100'-0"

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120'-8" ;

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122'-0" ;

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T/O AWNING

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111'-0" ;

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T/O WINODW

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110'-0" ;

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T/O COPING

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123'-4" ;

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CJ

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B

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T/O AWNING

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111'-0" ;

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110'-0" ;

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100'-0"

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120'-8" ;

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122'-0" ;

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123'-4" ;

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B

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H

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R

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T/O SILL

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120'-8" ;

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111'-0" ;

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101'-4" ;

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CJ

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CJ

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T

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T

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T

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W

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W

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C

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T

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J

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T

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T

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T

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T

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T

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ALL NICHIHA TO BE INSTALLED PER MFG. RECOMMENDATIONS W/ NICHIHA PROVIDED COLOR MATCHED J-CHANNELS AND TRIM. ARCHITECTURAL BLOCK & TUFFBLOCK PANELS TO HAVE MATCHING FIBER CEMENT OUTSIDE CORNERS, VINTAGEWOOD TO HAVE PREFINISHED COLOR MATCHING METAL CORNERS. SIGNAGE SHOWN FOR REFERENCE PURPOSES ONLY - FINAL LOCATIONS, TYPE, AND AHJ APPROVALS BY TENANT, TYPICAL. GLAZING: S= SPANDREL T= TEMPERED --- CJ= CONTROL JOINT LOCATION, SEALANT TO MATCH MATERIAL

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NORTH ELEVATION

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3/16" = 1'-0"

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1

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PLOT DATE: 7/16/20217/16/2021

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A2.1

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LogicDA.com | 414.909.0080

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Proposed Outlot

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SOUTH ELEVATION

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3/16" = 1'-0"

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2



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FINISHED FLOOR

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100'-0"

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T/O COPING

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120'-8" ;

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122'-0" ;

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FINISHED FLOOR

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100'-0"

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T/O COPING

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120'-8" ;

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T/O COPING

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122'-0" ;

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Y

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Y

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Q

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F

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G

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D

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B

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D

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A

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C

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W

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W

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B

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W

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T/O AWNING

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111'-0" ;

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T/O WINODW

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110'-0" ;

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CJ

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CJ

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CJ

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K

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K

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T

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T

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T

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T

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T/O SILL

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102'-8" ;

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T/O SILL

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102'-8" ;

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TENANT

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BEYOND, TYP.

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BEYOND, TYP.

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W

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ALIGN w/ NICHIHA

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ALIGN w/ NICHIHA

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CJ

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CJ

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F

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F

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FINISHED FLOOR

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100'-0"

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T/O COPING

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J

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H

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T/O SILL

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FINISHED FLOOR

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120'-8" ;

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T/O AWNING

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111'-0" ;

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T/O WINODW

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110'-0" ;

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T/O SILL

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102'-8" ;

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BEYOND, TYP.

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BEYOND, TYP.

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W

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D

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ALL NICHIHA TO BE INSTALLED PER MFG. RECOMMENDATIONS W/ NICHIHA PROVIDED COLOR MATCHED J-CHANNELS AND TRIM. ARCHITECTURAL BLOCK & TUFFBLOCK PANELS TO HAVE MATCHING FIBER CEMENT OUTSIDE CORNERS, VINTAGEWOOD TO HAVE PREFINISHED COLOR MATCHING METAL CORNERS. SIGNAGE SHOWN FOR REFERENCE PURPOSES ONLY - FINAL LOCATIONS, TYPE, AND AHJ APPROVALS BY TENANT, TYPICAL. GLAZING: S= SPANDREL T= TEMPERED --- CJ= CONTROL JOINT LOCATION, SEALANT TO MATCH MATERIAL

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EAST ELEVATION

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1

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PLOT DATE: 7/16/20217/16/2021

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A2.2

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PROPOSED ELEVATIONS

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LogicDA.com | 414.909.0080

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Proposed Outlot

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WEST ELEVATION

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2

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SCHEDULE

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3

A

B



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4B

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4B

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A4.1

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4B

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A4.1

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STEEL FABRICATOR TO PROVIDE SHOP DRAWINGS FOR ARCHITECTS REVIEW AND APPROVAL, TYP.

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TRASH ENCLOSURE - PLAN

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6

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TRASH ENCLOSURE - ELEVATIONS

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1/4" = 1'-0"

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4

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MONUMENT SIGN

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10

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FRONT / BACK

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# # # #

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STREET SIDE

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PARKING SIDE

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ADDRESS NUMBERS CUT INTO BLACK SIGN BOX CABINET SIDE, WHITE ACRYLIC UNDERLAY/INSERT IN BOX, NUMBERS TO ILLUMINATE THROUGH ACRYLIC UNDERLAY/INSERT

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SIGNAGE VENDOR MUST SUBMIT SHOP DRAWINGS TO ARCHITECT FOR REVIEW AND APPROVAL, TYP. - R/T SHEET 3/A2.2 FOR MATERIALS

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PARKING SIDE

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D

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D

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D

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D

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C

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D

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C

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C

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A

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A

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A

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TENANT

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Q

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Q

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STREET SIDE

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NOT USED

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12

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ALL GATES MUST HAVE SELF CLOSING HINGES & LATCHES, TYP.

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(2) 24" x " RODS DRILL HOLES IN 38" RODS DRILL HOLES IN CONC. w/ PIPE SLEEVES TO LOCK GATES IN OPEN & CLOSED POSITIONS

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8" CONC. FILLED STEEL POST, TYP.

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R/T CIVIL FOR CONC. APRON DETAILS, TYP.

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5" MIN. CONC. SLAB w/ THICKENED EDGES - R/T CIVIL & STRUCTURAL DWGS FOR SLAB, FOUNDATION, AND GEOTECH REPORT SUBGRADE RECOMMS., TYP.

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GC/OWNER TO CONFIRM DUMPSTER SIZES AND CONFIGURATION WITH LOCAL SERVICE PROVIDER, TYP.

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SIM

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SIM

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STAINED/ SEALED BROWN COLOR (TO MATCH NICHIHA TOBACCO) CEDAR WOOD PLANK FENCING - ATTACHED TO PREFABRICATED METAL FRAME (METAL FRAME ATTACHED DIRECTLY TO STEEL POSTS), EPOXY COAT ALL STEEL MATTE BLACK OVER ZINC-RICH PRIMER, TYP.

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STEEL FABRICATOR TO COORD. w/ GC TO ENSURE RIGIDITY OF DOORS, TYP.

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8" CONCRETE FILLED STEEL POST (EPOXY COAT MATTE BLACK OVER ZINC-RICH PRIMER) - ROUND AND SEAL TOP, TYP.

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(2) 24" x " RODS DRILL HOLES IN CONC. 38" RODS DRILL HOLES IN CONC. w/ PIPE SLEEVES TO LOCK GATES IN OPEN & CLOSED POSITIONS, TYP.

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8" SMOOTH FACED CMU WALL, RUNNING BOND PATTERN. PROVIDE HORIZONTAL JOINT REINF. @ 16" O.C. HORIZ. & VERT., R/T STRUCT. FOR CORE REINF. SEAL/PAINT BOTH SIDES OF CMU w/ BREATHABLE EXTERIOR MASONRY COATING, COLOR: SW 7069 IRON ORE.

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BREAK METAL COPING (PAC-CLAD MATTE BLACK) OVER PT WOOD BLOCKING. TOP OF PARAPET COPING TO SLOPE TO INSIDE OF TRASH ENCLOSURE, TYP.

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NOT USED

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1

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TENANT

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TENANT

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PLOT DATE: 7/16/20217/16/2021

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A4.1

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PROPOSED TRASH ENCLOSURE AND SIGN

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LogicDA.com | 414.909.0080

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Proposed Outlot

3.0

2.9

3.7

4.4

5.2

5.8

5.7

4.9

4.3

3.8

3.4

3.7

4.2

4.9

5.8

6.6

6.5

5.9

5.1

4.7

4.6

4.7

5.1

5.7

6.0

5.8

4.9

4.0

3.3

2.8

2.5

2.5

2.8

3.3

4.0

4.6

4.5

3.9

4.1

4.6

5.2

5.9

6.2

6.1

5.8

5.4

5.1

5.0

5.2

5.5

5.9

6.4

6.2

5.4

4.5

4.1

3.8

3.6

3.5

3.6

3.9

4.6

5.5

5.4

4.5

3.5

2.8

2.4

2.0

1.7

1.4

1.0

0.8

4.3

4.6

4.9

5.4

5.8

6.1

6.2

5.9

5.5

5.4

5.3

5.4

5.8

6.1

6.2

5.9

5.2

4.6

4.3

4.1

4.1

4.1

4.2

4.5

4.9

5.2

5.0

4.4

3.6

3.1

2.6

2.3

2.0

1.7

1.4

1.1

4.6

4.8

5.1

5.3

5.5

5.7

5.7

5.5

5.4

5.3

5.4

5.5

5.5

5.6

5.7

5.5

5.2

4.7

4.4

4.2

4.2

4.3

4.4

4.7

5.1

5.3

5.2

4.7

4.0

3.4

2.9

2.5

2.1

1.8

1.5

4.6

4.7

4.9

5.0

5.0

5.0

5.2

5.2

5.1

5.0

5.1

5.1

5.1

5.1

5.2

5.1

5.0

4.6

4.4

4.2

4.2

4.2

4.3

4.6

4.9

5.0

4.9

4.5

4.1

3.6

3.2

2.7

2.3

1.9

1.5

1.3

4.8

4.8

4.8

4.7

4.6

4.6

4.6

4.6

4.6

4.6

4.5

4.5

4.5

4.5

4.5

4.6

4.6

4.4

4.2

4.0

4.0

4.0

4.0

4.3

4.5

4.6

4.6

4.4

4.1

3.6

3.2

2.7

2.3

1.9

1.6

1.7

1.9

2.4

3.3

4.4

5.2

5.1

5.1

5.1

4.9

4.7

4.6

4.4

4.2

4.1

4.1

4.1

4.1

4.1

4.0

3.9

3.9

3.9

4.0

4.1

4.1

4.0

3.8

3.8

3.8

3.8

3.8

4.1

4.4

4.4

4.3

4.2

3.9

3.5

3.1

2.7

2.3

1.9

2.3

2.8

3.1

4.0

5.6

6.3

6.0

5.8

5.4

5.0

4.6

4.3

4.0

3.7

3.6

3.6

3.6

3.6

3.6

3.5

3.4

3.3

3.4

3.5

3.6

3.7

3.6

3.5

3.5

3.5

3.6

3.6

4.0

4.5

4.4

4.3

4.2

3.9

3.5

3.1

2.6

2.3

1.9

3.3

4.0

4.4

6.2

7.1

8.3

7.4

6.7

5.9

4.9

4.5

4.1

3.7

3.5

3.2

3.2

3.1

3.1

3.0

2.9

2.8

2.8

2.8

2.9

3.1

3.2

3.3

3.2

3.2

3.2

3.3

3.4

3.8

4.4

4.4

4.3

4.2

3.9

3.5

3.1

2.6

2.2

1.9

3.6

4.6

5.7

7.4

10.0

9.8

8.6

7.5

6.6

5.6

5.0

4.4

3.8

3.3

3.0

2.8

2.7

2.6

2.5

2.5

2.4

2.4

2.4

2.5

2.6

2.8

2.9

2.9

2.9

3.0

3.1

3.3

3.8

4.3

4.2

4.2

4.2

3.8

3.4

3.0

2.6

2.2

1.9

3.8

4.4

5.4

7.0

9.1

9.0

8.3

7.3

6.5

5.6

5.1

4.5

3.8

3.4

3.0

2.7

2.5

2.4

2.2

2.2

2.1

2.0

2.1

2.1

2.2

2.4

2.6

2.6

2.7

2.8

3.0

3.5

4.3

4.6

4.5

4.4

4.2

3.9

3.4

3.0

2.6

2.2

3.8

4.2

5.5

6.9

8.0

8.0

7.5

6.9

6.3

5.5

4.9

4.3

3.7

3.2

2.8

2.5

2.3

2.1

2.0

2.0

1.9

1.9

1.9

1.9

1.9

2.2

2.4

2.5

2.7

2.8

3.0

3.8

4.7

5.2

4.8

4.6

4.3

3.9

3.4

3.0

2.6

2.1

3.4

3.7

4.3

5.0

6.1

6.9

7.0

6.8

6.5

6.0

5.4

4.8

4.2

3.5

3.0

2.6

2.3

2.1

2.0

2.0

2.0

2.0

1.9

1.9

2.0

2.1

2.3

2.4

2.5

3.1

3.3

3.5

4.1

5.1

6.0

5.4

5.1

4.6

4.0

3.5

3.0

2.5

2.0

3.2

3.6

4.1

4.5

5.3

6.0

6.2

6.3

6.0

5.6

5.0

4.5

4.0

3.4

2.9

2.5

2.2

2.0

2.0

2.2

2.6

2.6

2.5

2.4

2.4

2.5

2.8

3.1

3.3

3.8

4.3

4.5

5.6

6.8

7.4

6.5

5.8

5.0

4.1

3.4

2.9

2.3

3.1

3.4

3.7

4.0

4.8

5.4

5.5

5.6

5.5

5.1

4.6

4.2

3.7

3.2

2.8

2.4

2.1

1.9

2.1

3.0

5.5

6.3

4.6

3.4

3.1

3.0

3.1

3.4

3.8

4.5

5.1

5.7

7.8

9.9

9.7

8.2

6.9

5.7

4.6

3.9

3.2

2.6

3.1

3.4

3.5

3.8

4.5

5.0

5.1

5.2

5.0

4.7

4.2

3.8

3.4

3.0

2.7

2.3

2.8

2.4

1.9

4.4

13.6

17.2

9.9

6.7

5.8

4.1

3.5

3.5

4.1

5.1

5.6

6.3

8.0

9.9

9.4

8.3

7.0

6.0

5.0

4.3

3.6

2.9

3.1

3.3

3.4

3.7

4.2

4.6

4.7

4.8

4.7

4.4

4.0

3.6

3.2

2.8

2.5

2.3

20.6

12.7

1.4

0.7

12.0

35.7

33.5

7.2

3.9

3.9

6.6

17.0

15.3

7.5

7.9

9.0

8.5

7.7

6.7

5.9

4.9

4.3

3.6

2.9

3.1

3.4

3.4

3.7

4.1

4.4

4.5

4.5

4.5

4.2

3.8

3.3

3.0

2.7

2.6

8.7

4.1

15.4

37.9

22.7

9.5

8.4

8.5

8.0

7.3

6.5

5.7

4.9

4.2

3.5

3.2

3.5

3.7

3.9

4.2

4.4

4.5

4.5

4.4

4.1

3.6

3.2

2.9

2.6

3.1

38.1

11.9

9.7

9.1

7.9

7.0

6.1

5.4

4.6

4.0

3.3

3.2

3.5

3.8

4.0

4.3

4.5

4.5

4.4

4.2

3.9

3.5

3.1

2.8

2.7

4.7

57.2

13.3

13.3

11.2

8.3

6.6

5.7

4.8

4.1

3.6

3.1

3.3

3.7

4.2

4.4

4.6

4.7

4.6

4.4

4.1

3.7

3.3

2.9

2.7

2.9

5.6

13.0

15.6

18.5

13.9

8.7

6.2

5.0

4.2

3.6

3.2

2.7

3.3

3.9

4.4

4.9

5.4

5.3

5.0

4.5

4.0

3.6

3.2

2.8

2.5

2.7

5.1

10.8

16.5

19.5

14.0

8.2

5.6

4.4

3.7

3.2

2.7

3.3

3.9

4.7

5.5

6.0

5.8

5.1

4.4

3.9

3.4

3.1

2.7

2.4

2.3

2.7

3.3

11.2

13.6

10.5

6.6

4.7

3.8

3.2

2.7

2.4

3.6

4.2

5.0

5.8

6.1

6.1

5.3

4.4

3.8

3.3

2.9

2.5

2.2

1.9

1.8

1.6

5.9

7.5

6.6

4.8

3.7

3.1

2.7

2.3

2.0

4.1

5.2

6.4

7.8

7.3

7.4

6.1

4.9

4.0

3.1

2.9

2.6

2.2

1.9

1.7

1.4

0.1

2.2

3.2

4.1

4.0

3.4

2.8

2.5

2.2

2.0

4.1

5.3

6.8

8.6

6.9

8.7

7.0

5.6

4.6

3.9

3.5

3.0

2.5

2.1

1.8

1.5

0.2

1.5

2.0

2.5

2.6

2.4

2.1

2.0

1.8

1.6

3.6

4.3

5.2

6.4

5.9

6.4

5.5

4.6

3.7

3.2

3.0

2.7

2.4

2.2

2.3

0.5

1.4

1.8

2.0

1.9

1.8

1.7

1.6

1.5

1.4

3.3

4.0

4.9

5.5

5.9

5.5

4.7

3.9

3.4

2.8

2.5

2.2

2.1

2.6

5.0

1.5

1.9

2.1

2.0

1.7

1.5

1.4

1.3

1.2

1.1

3.3

3.8

4.4

5.1

5.4

5.0

4.3

3.7

3.2

2.8

2.4

2.2

2.1

3.0

9.0

1.8

3.1

3.9

3.3

2.4

1.7

1.4

1.2

1.1

1.0

2.7

3.1

3.6

4.1

4.3

4.5

4.4

4.1

3.6

3.2

2.7

2.3

2.1

2.0

2.6

12.8

4.0

7.2

7.9

5.4

3.1

1.9

1.3

1.1

0.9

0.8

2.5

2.9

3.2

3.4

3.4

3.5

3.6

3.6

3.3

3.0

2.6

2.2

2.0

1.9

2.0

22.2

7.3

13.7

13.3

7.9

3.8

2.1

1.3

1.0

0.8

0.7

2.4

2.7

2.9

3.0

3.0

3.2

3.3

3.3

3.1

2.9

2.6

2.3

2.0

1.8

1.8

48.2

8.6

17.0

15.5

8.6

4.0

2.1

1.3

1.0

0.8

2.2

2.4

2.5

2.6

2.6

2.8

3.0

3.0

3.0

2.8

2.6

2.4

2.2

1.7

1.8

58.4

6.3

11.8

11.4

7.0

3.6

2.0

1.3

0.9

0.8

2.0

2.1

2.1

2.2

2.3

2.5

2.7

2.7

2.8

2.7

2.6

2.4

2.2

2.1

1.7

10.2

3.2

6.1

6.5

4.7

2.8

1.8

1.3

0.9

0.7

2.0

2.0

2.0

2.1

2.1

2.4

2.6

2.7

2.7

2.7

2.6

2.4

2.3

2.1

2.2

33.0

2.5

3.3

3.6

3.0

2.2

1.6

1.2

0.9

0.7

1.9

2.0

2.0

2.0

2.2

2.5

2.7

2.8

2.8

2.8

2.7

2.6

2.4

2.2

2.1

2.3

5.3

51.0

3.1

16.3

35.9

18.6

21.3

36.5

14.4

3.3

2.1

2.3

2.4

2.2

1.8

1.5

1.2

0.9

2.0

2.1

2.1

2.1

2.4

2.8

3.0

3.0

3.0

3.0

2.9

2.7

2.5

2.3

2.2

2.1

2.3

2.2

2.5

2.7

6.0

13.7

7.4

13.3

15.3

5.8

3.4

2.6

2.0

2.2

2.2

2.1

2.0

1.7

1.4

1.2

1.0

2.1

2.2

2.3

2.3

2.7

3.2

3.4

3.4

3.4

3.3

3.1

2.8

2.6

2.4

2.3

2.2

2.2

2.2

2.5

2.8

3.6

4.4

3.4

3.7

3.8

3.3

3.5

2.9

2.3

2.4

2.3

2.1

2.0

1.8

1.5

1.2

1.0

2.2

2.5

2.6

2.7

3.2

3.8

3.9

3.9

3.9

3.6

3.3

3.0

2.8

2.5

2.4

2.3

2.3

2.3

2.5

2.8

2.9

3.2

3.4

3.5

3.5

3.3

3.9

3.0

2.7

2.7

2.6

2.4

2.2

1.9

1.6

1.3

1.0

2.4

2.7

3.0

3.1

3.7

4.4

4.4

4.5

4.3

4.0

3.6

3.2

2.9

2.7

2.5

2.4

2.3

2.4

2.6

2.9

3.1

3.2

3.4

3.5

3.6

3.9

4.5

3.7

3.3

3.1

3.0

2.7

2.4

2.1

1.7

1.4

2.7

3.0

3.4

3.8

4.3

5.0

5.0

5.0

4.9

4.4

3.9

3.5

3.2

2.8

2.6

2.4

2.4

2.4

2.6

2.9

3.2

3.5

3.8

3.9

4.1

4.6

5.6

4.5

3.8

3.6

3.4

3.0

2.7

2.3

1.8

1.4

3.0

3.3

3.8

4.5

5.4

5.9

5.9

5.8

5.4

4.9

4.3

3.8

3.4

3.0

2.6

2.4

2.3

2.3

2.5

2.9

3.3

3.6

4.3

4.6

4.9

5.7

7.0

5.5

4.7

4.3

3.9

3.3

2.8

2.3

1.8

1.3

3.0

3.5

4.2

5.1

6.5

6.9

6.6

6.2

5.8

5.2

4.6

4.0

3.5

3.0

2.6

2.3

2.2

2.3

2.4

2.9

3.3

3.7

4.6

5.4

5.8

6.9

8.8

6.6

5.5

5.0

4.3

3.3

2.8

2.3

1.7

3.0

3.6

4.3

5.4

7.3

8.0

7.3

6.8

6.0

5.3

4.6

4.0

3.4

2.9

2.5

2.3

2.2

2.2

2.4

2.8

3.3

3.7

4.7

5.6

5.8

5.8

8.8

6.3

5.6

5.3

4.3

3.3

2.8

2.3

1.7

3.0

3.7

4.5

6.1

8.8

9.3

8.0

7.1

6.1

5.2

4.5

3.9

3.3

2.8

2.5

2.2

2.2

2.2

2.4

2.9

3.2

3.7

4.4

5.1

5.5

6.8

8.5

6.3

5.4

5.0

4.2

3.3

2.8

2.2

1.7

2.5

3.2

3.7

5.0

8.6

9.1

7.8

6.9

5.9

4.9

4.3

3.7

3.2

2.7

2.3

2.1

2.1

2.1

2.4

2.8

3.1

3.5

4.0

4.3

4.6

5.6

6.6

5.2

4.6

4.2

3.9

3.2

2.7

2.2

1.7

1.1

1.7

2.2

2.6

3.4

4.9

6.4

5.8

5.5

4.9

3.9

3.5

3.1

2.6

2.2

2.0

1.8

1.9

2.0

2.2

2.6

2.8

3.2

3.4

3.6

3.8

4.6

5.2

4.2

3.7

3.6

3.4

0.9

1.1

1.4

1.9

2.7

4.0

4.8

4.6

4.5

4.1

3.5

3.0

2.5

2.2

2.0

1.8

1.7

1.7

1.8

2.0

2.3

2.5

2.7

2.9

3.0

3.2

0.7

0.9

1.1

1.5

2.5

3.9

3.9

3.7

3.6

3.5

3.1

2.8

2.4

2.1

1.8

1.6

1.6

1.6

1.7

1.8

0.6

0.7

0.9

1.3

1.9

3.0

3.2

3.2

3.2

3.0

2.7

2.5

2.2

2.0

1.7

0.5

0.6

0.8

1.0

1.3

2.3

2.5

2.6

2.7

0.5

0.6

0.7

0.0

58.6

PROPOSEDBUILDING

A

A

BB

B

A

C

D(2)

D G

E

E

E

E

D(2) D(2)F(3)F(6)

C

G



AutoCAD SHX Text

AREA LIGHT POLE

AutoCAD SHX Text

N.T.S.

AutoCAD SHX Text

3

AutoCAD SHX Text

25'-0"

AutoCAD SHX Text

25'-0"

AutoCAD SHX Text

25'-0"

AutoCAD SHX Text

25'-0"

AutoCAD SHX Text

25'-0"

AutoCAD SHX Text

25'-0"

AutoCAD SHX Text

LITHONIA SSS 25 FOOT BLACK POLE WITH ARM FOR LIGHT OR EQUAL. SEE SCHEDULE FOR FIXTURE.

AutoCAD SHX Text

2'-0"

AutoCAD SHX Text

2'-0"

AutoCAD SHX Text

2'-0"

AutoCAD SHX Text

2'-0"

AutoCAD SHX Text

2'-0"

AutoCAD SHX Text

2'-0"

AutoCAD SHX Text

LIGHT POLE FOUNDATION

AutoCAD SHX Text

1/2"=1'-0"

AutoCAD SHX Text

2

AutoCAD SHX Text

LIGHT POLE

AutoCAD SHX Text

ALL SURFACES OF EXTERIOR CONCRETE PIER TO BE SMOOTH

AutoCAD SHX Text

1" CHAMFER, TYP.

AutoCAD SHX Text

(4) 3/4"x30" GALVANIZED ANCHOR BOLTS

AutoCAD SHX Text

1" PVC CONDUIT FOR LIGHTING. RUN CONDUIT TO ELECTRICAL SOURCE IN BUILDING.

AutoCAD SHX Text

ROUND CONCRETE PIER

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(4) #5 VERT. BAR

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(6) #3 HORIZONTAL TIES

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PLOT DATE: 7/16/20217/16/2021

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NORTH

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PROPOSED PHOTOMETRIC SITE PLAN

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NTS

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1

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PSP1.1

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PHOTOMETRIC SITE PLAN

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QTY

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LUMINAIRE SCHEDULE

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LABEL

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3

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B

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MANUFACTURER/MODEL

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LAMP

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DESCRIPTION

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STATISTICS

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+

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SITE CALCULATION

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SYMBOL

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DESCRIPTION

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4.3 fc

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AVG

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58.6 fc

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MAX

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0.0 fc

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MIN

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3

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A

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LITHONIA DSX1 LED P5 40K T4M MVOLT DBLXD

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(30) LED 138W 4000K

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POLE MOUNTED ON CONCRETE BASE MOUNTED APPROX. 25' AFF

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QTY

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LABEL

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8

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MANUFACTURER/MODEL

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LITHONIA WF4 LED 30K40K50K 90CRI MB

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DESCRIPTION

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4

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(60) LED 276W 4000K

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RECESSED DOWNLIGHT MOUNTED APPROX. 10' AFF

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LED 10.5W 4000K

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CONTECH CY91 40K MVD W X NCLR-B-RDB

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WALL MOUNTED DOWNLIGHT MOUNTED APPROX. 15' AFF

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LED 36W 4000K

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F

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9

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LUMIERE LANTERRA 9002 W1 RW LED4080 W BK L1 UNIV WRR

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LED 10W 4000K

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Dates/Revisions

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Drawing Title

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Project Name

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LogicDA.com | 414.909.0080

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Proposed Outlot

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2

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(60) LED 276W 4000K

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C

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D

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E

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2

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LITHONIA ARC2 LED P5 40K MVOLT E4WH DBLXD

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LED 51W 4000K

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G

LOCATION MAP

ABBREVIATIONS

C & G

EP

FG

FF

FL

FP

FW

HWL

NWL

ROW

TB

TC

TF

TP

TS

TW

CURB AND GUTTER

EDGE OF PAVEMENT

FINISHED GRADE

FINISHED FLOOR

FLOW LINE

FLOODPLAIN

FLOODWAY

HIGH WATER LEVEL

NORMAL WATER LEVEL

RIGHT-OF-WAY

TOP OF BANK

TOP OF CURB

TOP OF FOUNDATION

TOP OF PIPE

TOP OF SIDEWALK

TOP OF WALK

BL

CL

FR

INV

PC

PT

PVI

R

T

ST

MH

CB

WM

SAN

BASE LINE

CENTERLINE

FRAME

INVERT

POINT OF CURVATURE

POINT OF TANGENCY

POINT OF VERTICAL INTERSECTION

LONG CHORD OF CURVE

DEGREE OF CURVE

LENGTH OF CURVE

RADIUS

TANGENCY OF CURVE

INTERSECTION ANGLE

STORM SEWER

MANHOLE

CATCH BASIN

WATER MAIN

SANITARY SEWER

CIVIL ENGINEER:

MARK T. SEIDL, P.E.

PINNACLE ENGINEERING GROUP

20725 WATERTOWN ROAD, SUITE 100

BROOKFIELD, WI 53186

MAIN: (262) 754-8888

E-MAIL: [email protected]

APPLICANT/OWNER:

ADAM J. STEIN

LOGIC DESIGN & ARCHITECTURE, INC.

802 N 109TH STREET

MILWAUKEE, WI 53713

(414) 909-0080


INDEX OF SHEETS

SCALE: N.T.S

PROJECT AREA

PROJECT TEAM CONTACTS

PINNACLE ENGINEERING GROUP, LLC

ENGINEER'S LIMITATION

PINNACLE ENGINEERING GROUP, LLC AND THEIR CONSULTANTS DO NOT WARRANT OR GUARANTEE THE ACCURACY AND COMPLETENESS OF

THE DELIVERABLES HEREIN BEYOND A REASONABLE DILIGENCE. IF ANY MISTAKES, OMISSIONS, OR DISCREPANCIES ARE FOUND TO EXIST

WITHIN THE DELIVERABLES, THE ENGINEER SHALL BE PROMPTLY NOTIFIED PRIOR TO BID SO THAT HE MAY HAVE THE OPPORTUNITY TO

TAKE WHATEVER STEPS NECESSARY TO RESOLVE THEM. FAILURE TO PROMPTLY NOTIFY THE ENGINEER OF SUCH CONDITIONS SHALL

ABSOLVE THE ENGINEER FROM ANY RESPONSIBILITY FOR THE CONSEQUENCES OF SUCH FAILURE. ACTIONS TAKEN WITHOUT THE

KNOWLEDGE AND CONSENT OF THE ENGINEER, OR IN CONTRADICTION TO THE ENGINEER'S DELIVERABLES OR RECOMMENDATIONS, SHALL

BECOME THE RESPONSIBILITY NOT OF THE ENGINEER BUT OF THE PARTIES RESPONSIBLE FOR TAKING SUCH ACTION.

FURTHERMORE, PINNACLE ENGINEERING GROUP, LLC IS NOT RESPONSIBLE FOR CONSTRUCTION SAFETY OR THE MEANS AND METHODS OF

CONSTRUCTION.

NTS

NOT TO SCALE

ONSITE CIVIL ENGINEERING INFRASTRUCTURE PLANS

FOR

PLANS PREPARED

FOR

LOGIC DESIGN & ARCHITECTURE, INC.

PROPOSED OUTLOT

1. THE INTENTION OF THE PLANS AND SPECIFICATIONS IS TO SET FORTH PERFORMANCE AND

CONSTRUCTION MATERIAL STANDARDS FOR THE PROPER EXECUTION OF WORK. ALL WORKS CONTAINED

WITHIN THE PLANS AND SPECIFICATIONS SHALL BE COMPLETED IN ACCORDANCE WITH ALL

REQUIREMENTS FROM LOCAL, STATE, FEDERAL OR OTHER GOVERNING AGENCY'S LAWS, REGULATIONS,

JURISDICTIONAL ORDINANCES/CODES/RULES/ETC., AND THE OWNER'S DIRECTION.

2. A GEOTECHNICAL REPORT DATED JULY 13, 2021 HAS BEEN PREPARED BY UNITED ENGINEERING

CONSULTANTS, INC, FOR THE PROJECT SITE. THE DATA ON SUB-SURFACE SOIL CONDITIONS IS NOT

INTENDED AS A REPRESENTATION OR WARRANTY OF THE CONTINUITY OF SUCH CONDITIONS BETWEEN

BORINGS OR INDICATED SAMPLING LOCATIONS. IT SHALL BE EXPRESSLY UNDERSTOOD THAT OWNER WILL

NOT BE RESPONSIBLE FOR ANY INTERPRETATIONS OR CONCLUSIONS DRAWN THERE FROM BY THE

CONTRACTOR. DATA IS MADE AVAILABLE FOR THE CONVENIENCE OF THE CONTRACTOR. THE

CONTRACTOR IS RESPONSIBLE FOR PERFORMING ANY ADDITIONAL SOILS INVESTIGATIONS THEY FEEL IS

NECESSARY FOR THE PROPER EVALUATION OF THE SITE FOR PURPOSES OF PLANNING, BIDDING, OR

CONSTRUCTING THE PROJECT AT NO ADDITIONAL COST TO THE OWNER.

3. THE CONTRACTOR IS RESPONSIBLE TO REVIEW AND UNDERSTAND ALL COMPONENTS OF THE PLANS AND

SPECIFICATIONS, INCLUDING FIELD VERIFYING SOIL CONDITIONS, PRIOR TO SUBMISSION OF A BID

PROPOSAL.

4. THE CONTRACTOR SHALL PROMPTLY REPORT ANY ERRORS OR AMBIGUITIES LEARNED AS PART OF THEIR

REVIEW OF PLANS, SPECIFICATIONS, REPORTS AND FIELD INVESTIGATIONS.

5. THE CONTRACTOR IS SOLELY RESPONSIBLE FOR THE COMPUTATION OF QUANTITIES AND WORK

REQUIRED TO COMPLETE THIS PROJECT. THE CONTRACTOR'S BID SHALL BE BASED ON ITS OWN

COMPUTATIONS AND IN NO SUCH INSTANCE RELY ON THE ENGINEER'S ESTIMATE.

6. QUESTIONS/CLARIFICATIONS WILL BE INTERPRETED BY ENGINEER/OWNER PRIOR TO THE AWARD OF

CONTRACT. ENGINEER/OWNER WILL SUBMIT OFFICIAL RESPONSES IN WRITING. INTERPRETATIONS

PRESENTED IN OFFICIAL RESPONSES SHALL BE BINDING ON ALL PARTIES ASSOCIATED WITH THE

CONTRACT. IN NO WAY SHALL WORD-OF-MOUTH DIALOG CONSTITUTE AN OFFICIAL RESPONSE.

7. PRIOR TO START OF WORK, CONTRACTOR SHALL BE COMPLETELY FAMILIAR WITH ALL CONDITIONS OF

THE SITE, AND SHALL ACCOUNT FOR CONDITIONS THAT AFFECT, OR MAY AFFECT CONSTRUCTION

INCLUDING, BUT NOT LIMITED TO, LIMITATIONS OF WORK ACCESS, SPACE LIMITATIONS, OVERHEAD

OBSTRUCTIONS, TRAFFIC PATTERNS, LOCAL REQUIREMENTS, ADJACENT ACTIVITIES, ETC. FAILURE TO

CONSIDER SITE CONDITIONS SHALL NOT BE CAUSE FOR CLAIM OF JOB EXTRAS.

8. COMMENCEMENT OF CONSTRUCTION SHALL EXPLICITLY CONFIRM THAT THE CONTRACTOR HAS

REVIEWED THE PLANS AND SPECIFICATIONS IN ENTIRETY AND CERTIFIES THAT THEIR SUBMITTED BID

PROPOSAL CONTAINS PROVISIONS TO COMPLETE THE PROJECT, WITH THE EXCEPTION OF UNFORESEEN

FIELD CONDITIONS; ALL APPLICABLE PERMITS HAVE BEEN OBTAINED; AND CONTRACTOR UNDERSTANDS

ALL OF THE REQUIREMENTS OF THE PROJECT.

9. SHOULD ANY DISCREPANCIES OR CONFLICTS IN THE PLANS OR SPECIFICATIONS BE DISCOVERED AFTER

THE AWARD OF CONTRACT, ENGINEER SHALL BE NOTIFIED IN WRITING IMMEDIATELY AND CONSTRUCTION

OF ITEMS AFFECTED BY THE DISCREPANCIES/CONFLICTS SHALL NOT COMMENCE, OR CONTINUE, UNTIL A

WRITTEN RESPONSE FROM ENGINEER/OWNER IS DISTRIBUTED. IN THE EVENT OF A CONFLICT BETWEEN

REFERENCED CODES, STANDARDS, SPECIFICATIONS AND PLANS, THE ONE ESTABLISHING THE MOST

STRINGENT REQUIREMENTS SHALL BE FOLLOWED.

10. THE CONTRACTOR SHALL, AT ITS OWN EXPENSE, OBTAIN ALL NECESSARY PERMITS AND LICENSES TO

COMPLETE THE PROJECT. OBTAINING PERMITS, OR DELAYS, IS NOT CAUSE FOR DELAY OF THE CONTRACT

OR SCHEDULE. CONTRACTOR SHALL COMPLY WITH ALL PERMIT REQUIREMENTS.

11. THE CONTRACTOR SHALL NOTIFY ALL INTERESTED GOVERNING AGENCIES, UTILITY COMPANIES AFFECTED

BY THIS CONSTRUCTION PROJECT, AND DIGGER'S HOTLINE IN ADVANCE OF CONSTRUCTION TO COMPLY

WITH ALL JURISDICTIONAL ORDINANCES/CODES/RULES/ETC., PERMIT STIPULATIONS, AND OTHER

APPLICABLE STANDARDS.

12. SAFETY IS THE SOLE RESPONSIBILITY OF THE CONTRACTOR. THE CONTRACTOR SHALL BE RESPONSIBLE

TO INITIATE, INSTITUTE, ENFORCE, MAINTAIN, AND SUPERVISE ALL SAFETY PRECAUTIONS AND JOB SITE

SAFETY PROGRAMS IN CONNECTION WITH THE WORK.

13. CONTRACTOR SHALL KEEP THE JOBSITE CLEAN AND ORDERLY AT ALL TIMES. ALL LOCATIONS OF THE SITE

SHALL BE KEPT IN A WORKING MANNER SUCH THAT DEBRIS IS REMOVED CONTINUOUSLY AND ALL

RESPECTIVE CONTRACTORS OPERATE UNDER GENERAL “GOOD HOUSEKEEPING.”

14. THE CONTRACTOR SHALL INDEMNIFY THE OWNER, ENGINEER, AND THEIR AGENTS FROM ALL LIABILITY

INVOLVED WITH THE CONSTRUCTION, INSTALLATION, AND TESTING OF THE WORK ON THIS PROJECT.

GENERAL NOTES

HIGHWAY 53 & RIVER PRAIRIE ROAD, ALTOONA, WI 54720

NORTH

C-1 COVER SHEET

C-2 GENERAL NOTES

C-3 EXISTING CONDITIONS & DEMOLITION PLAN

C-4 SITE DIMENSIONAL & PAVING PLAN

C-5 GRADING PLAN

C-6 EROSION CONTROL PLAN

C-7 UTILITY PLAN

C-8 CONSTRUCTION DETAILS

C-9 CONSTRUCTION DETAILS

EXPIRATION DATE:

PINNACLE ENGINEERING GROUP, LLC

ENGINEER'S LIMITATION

PINNACLE ENGINEERING GROUP, LLC AND THEIR CONSULTANTS DO NOT WARRANT OR GUARANTEE THE ACCURACY AND COMPLETENESS OF

THE DELIVERABLES HEREIN BEYOND A REASONABLE DILIGENCE. IF ANY MISTAKES, OMISSIONS, OR DISCREPANCIES ARE FOUND TO EXIST

WITHIN THE DELIVERABLES, THE ENGINEER SHALL BE PROMPTLY NOTIFIED PRIOR TO BID SO THAT HE MAY HAVE THE OPPORTUNITY TO

TAKE WHATEVER STEPS NECESSARY TO RESOLVE THEM. FAILURE TO PROMPTLY NOTIFY THE ENGINEER OF SUCH CONDITIONS SHALL

ABSOLVE THE ENGINEER FROM ANY RESPONSIBILITY FOR THE CONSEQUENCES OF SUCH FAILURE. ACTIONS TAKEN WITHOUT THE

KNOWLEDGE AND CONSENT OF THE ENGINEER, OR IN CONTRADICTION TO THE ENGINEER'S DELIVERABLES OR RECOMMENDATIONS, SHALL

BECOME THE RESPONSIBILITY NOT OF THE ENGINEER BUT OF THE PARTIES RESPONSIBLE FOR TAKING SUCH ACTION.

FURTHERMORE, PINNACLE ENGINEERING GROUP, LLC IS NOT RESPONSIBLE FOR CONSTRUCTION SAFETY OR THE MEANS AND METHODS OF

CONSTRUCTION.

R

I

V

E

R

P

R

A

I

R

I

E

D

R



ENGINEERING I NATURAL RESOURCES I SURVEYING

WISCONSIN OFFICE:20725 WATERTOWN RDBROOKFIELD, WI 53186

(262) 754-8888

PLAN I DESIGN I DELIVER

CHICAGO I MILWAUKEE : NATIONWIDE

SURVEYOR:

EVERYDAY SURVEYING & ENGINEERING

1818 BRACKETT AVENUE

EAU CLAIR, WI 54701

MAIN: (715) 831-0654


LEGEND

EASEMENT LINE

SOIL BORING

TOPSOIL PROBE

REVERSE PITCH CURB & GUTTER

DEPRESSED CURB

NORMAL WATER LEVEL (NWL)

HIGH WATER LEVEL (HWL)

CLEANOUT

FLOODPLAIN

FLOODWAY

WETLANDS

FIRE HYDRANT

LIGHTING

SANITARY SEWER

STORM SEWER

WATER MAIN

GRANULAR TRENCH BACKFILL

FORCE MAIN

ELECTRICAL TRANSFORMER

CONTOUR

SPOT ELEVATION

DIRECTION OF SURFACE FLOW

OVERFLOW RELIEF ROUTING

TREE WITH TRUNK SIZE

POWER POLE

STREET SIGN

DITCH OR SWALE

GAS MAIN

TELEPHONE LINE

FENCE LINE, WIRE

CONCRETE SIDEWALK

CURB AND GUTTER

VALVE BOX

ELECTRICAL CABLE

OR PEDESTAL

SANITARY SEWER MANHOLE

STORM SEWER MANHOLE

STORM SEWER CATCH BASIN (ROUND CASTING)

STORM SEWER CATCH BASIN (RECTANGULAR CASTING)

PRECAST FLARED END SECTION

CONCRETE HEADWALL

EXISTING PROPOSED

FENCE LINE, CHAIN LINK OR IRON

FENCE LINE, WOOD OR PLASTIC

POWER POLE WITH LIGHT

GUY WIRE

UTILITY CROSSING

W

FENCE LINE, TEMPORARY SILT

DIVERSION SWALE

W W

DRAIN TILE

FIRE PROTECTION

PRIMARY ENVIRONMENTAL CORRIDOR

OVERHEAD WIRES

CAUTION EXISTING UTILITIES NEARBY

CAUTION

GRASS PAVEMENT

US

H

IG

HW

AY

5

3


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www.DiggersHotline.com

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Hearing Impaired TDD (800) 542-2289

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Milwaukee Area (414) 259-1181

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Toll Free (800) 242-8511

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www.DiggersHotline.com

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Hearing Impaired TDD (800) 542-2289

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Milwaukee Area (414) 259-1181

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Toll Free (800) 242-8511

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FILE NAME: Z:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\COVER SHEET.DWGZ:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\COVER SHEET.DWG

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PLOT DATE: 7/16/20217/16/2021

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07/16/2021 PLAN COMMISION SUBMITTAL - - - - - - - -

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Project Manager: WBM Job Number: 21-01221-012

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PROPOSED OUTLOT

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C-1

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COVER SHEET

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N.T.S

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COVER SHEET

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TF

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D

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6"

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(750.00)

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749

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750.00

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6"

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B-

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1

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B-

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0

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T-

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1

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749

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S





(262) 754-8888



GENERAL SPECIFICATIONS FOR CONSTRUCTION ACTIVITIES

1. THE PROPOSED IMPROVEMENTS SHALL BE CONSTRUCTED ACCORDING TO THE WISCONSIN D.O.T. STANDARD SPECIFICATIONS FOR HIGHWAY AND STRUCTURE CONSTRUCTION, LATEST EDITION,

THE STANDARD SPECIFICATIONS FOR SEWER & WATER IN WISCONSIN, AND WISCONSIN ADMINISTRATIVE CODE, SPS 360, 382-383, AND THE LOCAL ORDINANCES AND SPECIFICATIONS.

2. THE CONTRACTOR SHALL OBTAIN ALL PERMITS REQUIRED FOR EXECUTION OF THE WORK. THE CONTRACTOR SHALL CONDUCT HIS WORK ACCORDING TO THE REQUIREMENTS OF THE PERMITS.

3. THE CONTRACTOR SHALL NOTIFY THE OWNER AND THE MUNICIPALITY FORTY- EIGHT (48) HOURS PRIOR TO THE START OF CONSTRUCTION.

4. THE MUNICIPALITY SHALL HAVE THE RIGHT TO INSPECT, APPROVE, AND REJECT THE CONSTRUCTION OF THE PUBLIC PORTIONS OF THE WORK. THE OWNER SHALL HAVE THE RIGHT TO INSPECT,

APPROVE, AND REJECT THE CONSTRUCTION OF ALL PRIVATE PORTIONS OF THE WORK.

5. THE CONTRACTOR SHALL INDEMNIFY THE OWNER, THE ENGINEER, AND THE MUNICIPALITY, THEIR AGENTS, ETC, FROM ALL LIABILITY INVOLVED WITH THE CONSTRUCTION, INSTALLATION, AND

TESTING OF THE WORK ON THIS PROJECT.

6. SITE SAFETY SHALL BE THE SOLE RESPONSIBILITY OF THE CONTRACTOR.

7. THE CONTRACTOR IS RESPONSIBLE FOR FIELD VERIFYING ALL UTILITY INFORMATION SHOWN ON THE PLANS PRIOR TO THE START OF CONSTRUCTION. THE CONTRACTOR SHALL CALL DIGGER'S

HOTLINE AT 1-800-242-8511 TO NOTIFY THE UTILITIES OF HIS INTENTIONS, AND TO REQUEST FIELD STAKING OF EXISTING UTILITIES.

8. SILT FENCE AND OTHER EROSION CONTROL FACILITIES MUST BE INSTALLED PRIOR TO CONSTRUCTION OR ANY OTHER LAND DISTURBING ACTIVITY. FOLLOW THE SEQUENCE OF CONSTRUCTION

ON THE GRADING & EROSION CONTROL PLAN FOR MORE DETAILS. INSPECTIONS SHALL BE MADE WEEKLY OR AFTER EVERY RAINFALL OF 0.5" OR MORE. REPAIRS SHALL BE MADE IMMEDIATELY.

THE CONTRACTOR SHALL BE RESPONSIBLE FOR REMOVING ALL EROSION CONTROL FACILITIES ONCE THE THREAT OF EROSION HAS PASSED WITH THE APPROVAL OF THE GOVERNING AGENCY.

9. ANY ADJACENT PROPERTIES OR ROAD RIGHT-OF-WAYS WHICH ARE DAMAGED DURING CONSTRUCTION MUST BE RESTORED BY THE CONTRACTOR.

10. TRASH AND DEBRIS SHALL BE NOT BE ALLOWED TO ACCUMULATE ON THIS SITE AND THE SITE SHALL BE CLEAN UPON COMPLETION OF WORK.

11. THE OWNER SHALL HAVE THE RIGHT TO HAVE ALL MATERIALS USED IN CONSTRUCTION TESTED FOR COMPLIANCE WITH THESE SPECIFICATIONS.

12. SPOT ELEVATIONS REPRESENT THE GRADE ON PAVEMENT SURFACE OR FLOW LINE UNLESS OTHERWISE NOTED.

13. THE CONTRACTOR SHALL IMMEDIATELY NOTIFY ENGINEER/OWNER IF GROUNDWATER IS ENCOUNTERED DURING EXCAVATION.

14. WORK WITHIN ANY ROADWAY RIGHT-OF-WAY SHALL BE COORDINATED WITH THE APPROPRIATE MUNICIPAL OFFICIAL PRIOR TO COMMENCEMENT OF ANY CONSTRUCTION ACTIVITIES. CONTRACTOR

SHALL BE RESPONSIBLE FOR OBTAINING ALL NECESSARY PERMITS AND FEES. GRADING WITHIN RIGHT-OF-WAY IS SUBJECT TO APPROVAL BY SAID OFFICIALS. RESTORATION OF RIGHT-OF-WAY IS

CONSIDERED INCIDENTAL AND SHALL BE INCLUDED IN THE COST OF GRADING. RESTORATION SHALL INCLUDE ALL ITEMS NECESSARY TO RESTORE RIGHT-OF-WAY IN-KIND INCLUDING

LANDSCAPING.

15. CONTRACTOR SHALL COMPLY WITH ALL CITY OF ALTOONA CONSTRUCTION STANDARDS/ORDINANCES.

16. LANDSCAPE AND TURF AREAS SHALL HAVE A MINIMUM OF 4-INCH TOPSOIL REPLACEMENT.

SPECIFICATIONS FOR GRADING & EROSION CONTROL

1. THE CONTRACTOR SHALL ASSUME SOLE RESPONSIBILITY FOR THE COMPUTATIONS OF ALL GRADING AND FOR ACTUAL LAND BALANCE, INCLUDING UTILITY TRENCH SPOIL. THE CONTRACTOR

SHALL IMPORT OR EXPORT MATERIAL AS NECESSARY TO COMPLETE THE PROJECT. CONTRACTOR SHALL NOTIFY OWNER OF THE NEED TO IMPORT OR HAUL OFF SOIL. ON-SITE LOCATIONS

SUITABLE FOR BORROW OR FILL MAY BE PRESENT. COORDINATE WITH OWNER.

2. THE CONTRACTOR IS RESPONSIBLE FOR VERIFYING SOIL CONDITIONS PRIOR TO COMMENCEMENT OF CONSTRUCTION. A GEOTECHNICAL REPORT MAY BE AVAILABLE FROM THE OWNER.

3. SITE SHALL BE CLEARED TO THE LIMITS SHOWN ON THE PLANS. REMOVE VEGETATION FROM THE SITE. BURNING IS NOT PERMITTED. PROTECT TREES AND OTHER FEATURES FROM DAMAGE WITH

FENCING. STOCKPILES SHALL NOT BE LOCATED CLOSER THAN 25' TO A DRAINAGE STRUCTURE OR FEATURE AND SHALL BE SURROUNDED WITH SILT FENCE.

4. THE GEOTECHNICAL ENGINEER IS RESPONSIBLE FOR VERIFYING COMPACTION AND FILL PLACEMENT IN THE FIELD. THE GEOTECHNICAL ENGINEER MAY SUPERCEDE THESE SPECIFICATIONS IF

THERE IS GOOD CAUSE TO DO SO. AN EXPLANATION MUST BE SUBMITTED TO THE ENGINEER IN WITTING BEFORE ANY DEVIATIONS ARE MADE.

5. IF NO GEOTECHNICAL RECOMMENDATION IS AVAILABLE, THEN THE FOLLOWING SPECIFICATIONS SHALL APPLY. ALL FILL SHALL BE CONSIDERED STRUCTURAL FILL AND SHALL BE PLACED IN

ACCORDANCE WITH THE FOLLOWING: THE COMPACTED FILL SUBGRADE SHALL CONSIST OF AND SHALL BE UNDERLAIN BY SUITABLE BEARING MATERIALS, FREE OF ALL ORGANIC, FROZEN OR

OTHER DELETERIOUS MATERIAL AND INSPECTED AND APPROVED BY THE RESIDENT GEOTECHNICAL ENGINEER. PREPARATION OF THE SUBGRADE, AFTER STRIPPING, SHALL CONSIST OF

PROOF-ROLLING TO DETECT UNSTABLE AREAS THAT MIGHT BE UNDERCUT, AND COMPACTING THE SCARIFIED SURFACE TO THE SAME MINIMUM DENSITY INDICATED BELOW. THE COMPACTED FILL

MATERIALS SHALL BE FREE OF ANY DELETERIOUS, ORGANIC OR FROZEN MATTER AND SHALL HAVE A MAXIMUM LIQUID LIMIT (ASTM-D-423) AND PLASTICITY INDEX (ASTM D-424) IF 30 AND 10

RESPECTFULLY, UNLESS SPECIFICALLY TESTED AND FOUND TO HAVE LOW EXPANSIVE PROPERTIES AND APPROVED BY AN EXPERIENCED SOILS ENGINEER. THE TOP TWELVE (12") INCHES OF

COMPACTED FILL SHOULD HAVE A MAXIMUM THREE (3") INCH PARTICLE DIAMETER AND ALL UNDERLYING COMPACTED FILL A MAXIMUM SIX (6") INCH PARTICLE DIAMETER UNLESS SPECIFICALLY

APPROVED BY AN EXPERIENCED SOILS ENGINEER. ALL FILL MATERIAL MUST BE TESTED AND APPROVED UNDER THE DIRECTION AND SUPERVISION OF AN EXPERIENCED SOILS ENGINEER PRIOR TO

PLACEMENT, IF THE FILL IS TO PROVIDE NON-FROST SUSCEPTIBLE CHARACTERISTICS, IT MUST BE CLASSIFIED AS A CLEAN GW, GP, SW, OR SP PER UNITED SOIL CLASSIFICATION SYSTEM (ASTM

D-2487). FOR STRUCTURAL FILL THE DENSITY OF THE STRUCTURAL COMPACTED FILL AND SCARIFIED SUBGRADE AND GRADES SHALL NOT BE LESS THAN 95 PERCENT OF THE MAXIMUM DRY

DENSITY AS DETERMINED BY THE STANDARD PROCTOR (ASTM D-698) WITH THE EXCEPTION TO THE TOP 12 INCHES OF PAVEMENT SUBGRADE WHICH SHALL A MINIMUM IN-SITU DENSITY OF 100

PERCENT OF THE MAXIMUM DRY DENSITY, OR 5 PERCENT HIGHER THAN UNDERLYING FILL MATERIALS. THE MOISTURE CONTENT OF COHESIVE SOIL SHALL NOT VARY BY MORE THAN -1 TO +3

PERCENT AND GRANULAR SOIL ±3 PERCENT OF OPTIMUM WHEN PLACED AND COMPACTED OR RECOMPACTED, UNLESS SPECIFICALLY APPROVED BY THE SOILS ENGINEER TAKING INTO

CONSIDERATION THE TYPE OF MATERIALS AND COMPACTION EQUIPMENT BEING USED. THE COMPACTION EQUIPMENT SHOULD CONSIST OF SUITABLE MECHANICAL EQUIPMENT SPECIFICALLY

DESIGNED FOR SOIL COMPACTION. BULLDOZERS OR SIMILAR TRACKED VEHICLES ARE TYPICALLY NOT SUITABLE FOR COMPACTION. MATERIAL THAT IS TOO WET TO PERMIT PROPER COMPACTION

MAY BE SPREAD ON THE FILL AND PERMITTED TO DRY. DISCING, HARROWING OR PULVERIZING MAY BE NECESSARY TO REDUCE THE MOISTURE CONTENT TO A SATISFACTORY VALUE, AFTER WHICH

IT SHALL BE COMPACTED. THE FINISHED SUBGRADE AREAS OF THE SITE SHALL BE COMPACTED TO 100 PERCENT OF THE STANDARD PROCTOR (ASTM D-398) MAXIMUM DENSITY.

6. NO FILL SHALL BE PLACED ON A WET OR SOFT SUBGRADE. THE SUBGRADE SHALL BE PROOF-ROLLED AND INSPECTED BY THE GEOTECHNICAL ENGINEER BEFORE ANY MATERIAL IS PLACED.

7. SUBGRADE TOLERANCES ARE +/-1" FOR LANDSCAPE AREAS AND +/-

1

2

" FOR ALL PAVEMENT AND BUILDING AREAS.

8. TOPSOIL SHALL BE FREE OF DELETERIOUS MATERIALS, ROOTS, OLD VEGETATION, ROCKS OVER 2” DIAMETER AND SHALL NOT BE EXCESSIVELY CLAYEY IN NATURE. NO CLUMPS LARGER THAN 4”

ARE ACCEPTABLE. TOPSOIL MAY BE AMENDED AS NEEDED WITH SAND OR COMPOST TO BE LOOSE WHEN SPREAD.

9. THE CONTRACTOR SHALL MAINTAIN SITE DRAINAGE THROUGHOUT CONSTRUCTION. THIS MAY INCLUDE THE EXCAVATION OF TEMPORARY DITCHES OR PUMPING TO ALLEVIATE WATER PONDING.

ANY DEWATERING SHALL NOT GO DIRECTLY TO STREAMS, CREEKS, WETLANDS OR OTHER ENVIRONMENTALLY SENSITIVE AREAS WITHOUT BEING TREATED FIRST. A DIRT BAG OR OTHER

DEWATERING TREATMENT DEVICE MAY BE USED TO CAPTURE SEDIMENT FROM THE PUMPED WATER.

10. CONTRACTOR IS ADVISED THAT ALL MUD AND DEBRIS MUST NOT BE DEPOSITED ONTO THE ADJACENT ROADWAYS PER THE REQUIREMENT OF THE MUNICIPALITY OR OTHER APPROPRIATE

GOVERNMENT AGENCIES. IN THE EVENT THIS OCCURS, THE ROADWAYS SHALL BE POWER SWEPT IMMEDIATELY AND ALL SEDIMENT REMOVED FROM DOWNSTREAM FACILITIES.

SPECIFICATIONS FOR PRIVATE UTILITIES

1. BEFORE PROCEEDING WITH ANY UTILITY CONSTRUCTION, THE CONTRACTOR SHALL EXCAVATE EACH EXISTING LATERAL OR POINT OF CONNECTION AND VERIFY THE LOCATION AND ELEVATION OF

ALL UTILITIES. IF ANY EXISTING UTILITIES ARE NOT AS SHOWN ON THE DRAWINGS, THE CONTRACTOR SHALL NOTIFY THE ENGINEER IMMEDIATELY FOR POSSIBLE REDESIGN.

2. ALL CONNECTIONS TO EXISTING PIPES AND MANHOLES SHALL BE CORED CONNECTIONS. CONNECTIONS TO WATERMAIN SHALL BE WET TAPED WITH A STAINLESS STEEP TAPPING SLEEVE.

3. PROPOSED SANITARY SEWER AND INTERNALLY CONNECTED STORM SEWER SHOWN ON THIS PLAN SHALL TERMINATE AT A POINT FIVE (5) FEET FROM THE EXTERIOR BUILDING WALL. THE EXACT

LOCATION OF ALL DOWN SPOUTS CONNECTIONS SHALL BE PER THE ARCHITECTURAL PLANS.

4. CONTRACTOR SHALL NOT SHUT OFF WATER OR PLUG SANITARY SEWER IN MUNICIPAL LINES WITHOUT PRIOR APPROVAL.

5. MATERIALS FOR STORM SEWER SHALL BE AS FOLLOWS: STORM SEWER PIPE 48" OR LESS SHALL BE HIGH DENSITY POLYETHYLENE (HDPE) CORRUGATED PIPE WITH AN INTEGRALLY FORMED

SMOOTH WATERWAY SUCH AS ADS N-12. FOR PIPE 10" OR LESS IN DIAMETER, PVC, ASTM D-3034, SDR-26, MAY ALSO BE USED. WHERE SPECIFICALLY REQUIRED, REINFORCED CONCRETE PIPE (RCP),

ASTM C-76, CLASS III OR HIGHER, MAY BE USED. TRENCH SECTION SHALL BE CLASS "B" FOR PVC AND HDPE AND CLASS "C" FOR CONCRETE (PER STANDARD SPECIFICATIONS). MANHOLES, INLETS

AND CATCH BASINS SHALL BE PRE CAST REINFORCED CONCRETE, ASTM C-478. CASTINGS SHALL BE HEAVY DUTY CAST IRON. AREA DRAINS SHALL BE PER DETAIL ON PLAN OR EQUIVALENT AND

SHALL BE A MINIMUM OF 24" IN DIAMETER. CONNECTIONS TO EXISTING PIPES SHALL BE MADE WITH INSERTA WYE OR EQUIVALENT. LAST (3) THREE JOINTS SHALL BE RESTRAINED WITH RODS.

6. MATERIALS FOR SANITARY SEWER SHALL BE AS FOLLOWS: SANITARY SEWER SHALL BE PVC, ASTM D-3034, SDR-35 WITH RUBBER GASKETED JOINTS, CONFORMING TO ASTM D-3212. TRENCH

SECTIONS SHALL BE CLASS "B" BEDDING (PER STANDARD SPECIFICATIONS). CRUSHED STONE CHIPS SHALL BE USED FOR BEDDING MATERIAL. CONNECTIONS SHALL BE MAD WITH A INSERTA WYE

OR EQUIVALENT. A MINIMUM OF 6' OF COVER IS REQUIRED FOR ALL SANITARY SEWER.

7. MATERIALS FOR WATER SERVICES AND PRIVATE HYDRANTS SHALL BE AS FOLLOWS: WATER SERVICES SHALL BE PVC, HDPE, OR DI AS ALLOWED BY MUNICIPAL CODE, PVC SHALL BE AWWA C-900. DI

SHALL BE AWWA C151, CLASS 52 (OR AS REQUIRED BY LOCAL CODE). TRENCH SECTIONS SHALL BE CLASS "B" BEDDING (PER STANDARD SPECIFICATIONS). CRUSHED STONE CHIPS SHALL BE USED

FOR BEDDING MATERIAL. CONNECTION SHALL BE MADE WITH A WET TAP, CORPORATE STOP AND VALVE BOX PER MUNICIPAL STANDARDS. A MINIMUM OF 6' COVER IS REQUIRED FOR ALL

WATERMAIN. VALVES SHALL BE NONRISING STEM, RESILIENT SEATED GATE VALVES COMPLYING WITH AWWA C509 WITH A THREE PIECE CAST IRON VALVE BOX. INSTALL THRUST BLOCKS AT ALL

BENDS AND TEES. DISINFECT ALL NEW LINES AND OBTAIN SAFE WATER SAMPLE PRIOR TO USE.

8. EXTREME CAUTION MUST BE FOLLOWED REGARDING THE COMPACTION OF ALL UTILITY TRENCHES. MECHANICALLY COMPACTED GRANULAR BACKFILL IS REQUIRED UNDER & WITHIN 5 FEET OF ALL

PAVEMENT INCLUDING SIDEWALKS. FLOODING OF BACKFILL MATERIAL IS NOT ALLOWED.

9. TRACER WIRE (NO. 10 SINGLE STRAND COPPER) AND WARNING TAPE SHALL BE INSTALLED ON ALL UTILITIES IN ACCORDANCE WITH THE LOCAL AND STATE CODES. TRACER WIRE SHALL TERMINATE

IN A VALVECO TERMINAL BOX AT EACH END.

10. MANDREL TESTING ON SANITARY LINES AND PRESSURE TESTING ON WATERMAIN MAY BE REQUIRED BY THE OWNER OR MUNICIPALITY.

11. UPON COMPLETION OF FINAL PAVING OPERATIONS, THE UTILITY CONTRACTOR SHALL ADJUST ALL MANHOLE AND INLET RIMS AND VALVE BOXES TO FINISHED GRADE.

12. 45° BENDS SHALL BE USED IN PLACE OF 90° BENDS WHEREVER POSSIBLE

SPECIFICATIONS FOR PAVING

1. ALL DIMENSIONS ARE TO FACE OF CURB OR FACE OF BUILDING UNLESS NOTED OTHERWISE. ALL UTILITY DIMENSIONS ARE TO OUTSIDE OF PIPE OR CENTER OF STRUCTURE UNLESS OTHERWISE

NOTED. ALL PAVING DIMENSIONS ARE TO FACE OF CURB OR TO EDGE OF PAVEMENT; EXCEPT FOR THE SETBACK FROM PARKING LOTS, MANEUVERING LANES AND FIRE ACCESS LANES, WHERE THE

SETBACK IS MEASURED FROM THE BACK OF CURB TO THE PROPERTY LINE.

2. AGGREGATES USED IN THE CRUSHED STONE BASE SHALL CONFORM TO THE GRADATION REQUIREMENTS SECTIONS 301.2 AND 305.2.2 OF THE STANDARD SPECIFICATIONS. THICKNESS SHALL BE

PER THE DETAIL ON THE PLANS. BASE SHALL BE 1

1

4

INCH DIAMETER LIMESTONE UNLESS NOTED OTHERWISE. RECYCLED MATERIALS MAY BE ALLOWED WITH APPROVAL FROM THE OWNER.

3. SUBGRADE SHALL BE PROOFROLLED AND APPROVED BY A GEOTECHNICAL ENGINEER PRIOR TO PLACEMENT OF STONE BASE. EXCAVATE UNSUITABLE AREAS AND REPLACE WITH BREAKER RUN

STONE AND RECOMPACT. REFER TO THE GEOTECHNICAL REPORT FOR ADDITIONAL SPECIFICATIONS.

4. EXISTING PAVEMENT SHALL BE SAWCUT IN NEAT STRAIGHT LINES TO FULL DEPTH AT ANY POINT WHERE EXISTING PAVEMENT IS REMOVED. CURB AND WALK SHALL BE REMOVED TO THE NEAREST

JOINT. REMOVED PAVEMENT SHALL BE REPLACED WITH THE SAME SECTION AS EXISTING. MUNICIPAL STANDARDS MAY REQUIRE ADDITIONAL WORK.

5. ASPHALT FOR PARKING AREAS AND THE PRIVATE ROAD SHALL BE PER THE DETAILS. MATERIALS AND PLACEMENT SHALL CONFORM TO THE DOT STANDARD SPECIFICATIONS, SECTION 450 AND 460

TYPE LT IS REQUIRED UNLESS NOTED OTHERWISE. A COMMERCIAL GRADE MIX MAY BE SUBSTITUTED ONLY WITH APPROVAL FROM THE OWNER.

6. CONCRETE FOR CURB, DRIVEWAY, WALKS AND NON-FLOOR SLABS SHALL CONFORM TO THE SECTION 415 OF THE STANDARD SPECIFICATIONS, GRADE A, ASTM C-94, 6 BAG MIX, WITH A MINIMUM 28

DAY COMPRESSIVE STRENGTH OF 3,500 PSI. JOINTING SHALL BE PER SECTION 415.3.7 OF THE STANDARD SPECIFICATION WITH CONSTRUCTION JOINTS HAVING A MAXIMUM SPACING OF 10'.

EXPANSION JOINTS SHALL BE PROVIDED EVERY 50'. CONCRETE SHALL BE FINISHED PER SECTION 415.3.8 WITH A MEDIUM BROOM TEXTURE. A CURING MEMBRANE IN CONFORMANCE WITH SECTION

415.3.12 IS REQUIRED.

7. PROVIDE CONTRACTOR GRADE ACRYLIC, STRIPING PAINT FOR NEW ASPHALT OR COATED ASPHALT. APPLY MARKING PAINT AT A RATE OF ONE (1) GALLON PER THREE TO FOUR HUNDRED (300-400)

LINEAL FEET OF FOUR (4) INCH WIDE STRIPES OR TO MANUFACTURER'S SPECIFICATION, WHICHEVER IS GREATER.

8. THOROUGHLY CLEAN SURFACES FREE OF DIRT, SAND, GRAVEL, OIL AND OTHER FOREIGN MATTER. CONTRACTOR RESPONSIBLE TO INSPECT EXISTING PAVEMENT SURFACES FOR CONDITIONS AND

DEFECTS THAT WILL ADVERSELY AFFECT QUALITY OF WORK, AND WHICH CANNOT BE PUT INTO AN ACCEPTABLE CONDITION THROUGH NORMAL PREPARATORY WORK AS SPECIFIED.

GENERAL EROSION AND SEDIMENT CONTROL NOTES

1. ALL CONSTRUCTION SHALL ADHERE TO THE REQUIREMENTS SET FORTH IN EPA'S NATIONAL POLLUTANT DISCHARGE

ELIMINATION SYSTEM (NPDES) STORMWATER GENERAL PERMIT FOR CONSTRUCTION SITE LAND DISTURBANCE

ACTIVITIES. ALL EROSION AND SEDIMENT CONTROL MEASURES ARE TO BE CONSTRUCTED AND MAINTAINED IN

ACCORDANCE WITH LOCAL, STATE AND FEDERAL TECHNICAL STANDARDS AND PROVISIONS IN EFFECT AT THE TIME

OF CONSTRUCTION. THESE PROCEDURES AND STANDARDS SHALL BE REFERRED TO AS BEST MANAGEMENT

PRACTICES (BMP'S). IT IS THE RESPONSIBILITY OF ALL CONTRACTORS ASSOCIATED WITH THE PROJECT TO OBTAIN A

COPY OF, AND UNDERSTAND, THE BMP'S PRIOR TO THE START OF CONSTRUCTION ACTIVITIES.

2. THE EROSION CONTROL MEASURES INDICATED ON THE PLANS ARE THE MINIMUM REQUIREMENTS. ADDITIONAL

CONTROL MEASURES AS DIRECTED BY OWNER/ENGINEER OR GOVERNING AGENCIES SHALL BE INSTALLED WITHIN 24

HOURS OF REQUEST.

3. MODIFICATIONS TO THE APPROVED SWPPP IN ORDER TO MEET UNFORESEEN FIELD CONDITIONS ARE ALLOWED IF

MODIFICATIONS CONFORM TO BMP'S. ALL MODIFICATIONS MUST BE APPROVED BY OWNER/ENGINEER/GOVERNING

AGENCY PRIOR TO DEVIATION OF THE APPROVED PLAN.

4. INSTALL PERIMETER EROSION CONTROL MEASURES (SUCH AS CONSTRUCTION ENTRANCES, SILT FENCE AND

EXISTING INLET PROTECTION) PRIOR TO ANY SITE WORK, INCLUDING GRADING OR DISTURBANCE OF EXISTING

SURFACE COVER, AS SHOWN ON PLAN IN ORDER TO PROTECT ADJACENT PROPERTIES/STORM SEWER SYSTEMS

FROM SEDIMENT TRANSPORT.

5. CONSTRUCTION ENTRANCES SHALL BE INSTALLED AT ALL LOCATIONS OF VEHICLE INGRESS/EGRESS POINTS.

CONTRACTOR IS RESPONSIBLE TO COORDINATE LOCATION(S) WITH THE PROPER AUTHORITIES, PROVIDE

NECESSARY FEES AND OBTAIN ALL REQUIRED APPROVALS OR PERMITS. ADDITIONAL CONSTRUCTION ENTRANCES

OTHER THAN AS SHOWN ON THE PLANS MUST BE APPROVED BY THE APPLICABLE GOVERNING AGENCIES PRIOR TO

INSTALLATION.

6. PAVED SURFACES ADJACENT TO CONSTRUCTION ENTRANCES SHALL BE SWEPT AND/OR SCRAPED TO REMOVE

ACCUMULATED SOIL, DIRT AND/OR DUST IMMEDIATELY AND AS REQUESTED BY THE GOVERNING AGENCIES.

7. ALL EXISTING STORM SEWER FACILITIES THAT WILL COLLECT RUNOFF FROM DISTURBED AREAS SHALL BE

PROTECTED TO TO PREVENT SEDIMENT DEPOSITION WITHIN STORM SEWER SYSTEMS. INLET PROTECTION SHALL BE

IMMEDIATELY FITTED AT THE INLET OF ALL INSTALLED STORM SEWER AND SILT FENCE SHALL BE IMMEDIATELY

FITTED AT ALL INSTALLED CULVERT INLETS . ALL INLETS, STRUCTURES, PIPES, AND SWALES SHALL BE KEPT CLEAN

AND FREE OF SEDIMENTATION AND DEBRIS.

8. EROSION CONTROL FOR UTILITY CONSTRUCTION (STORM SEWER, WATER MAIN, ETC.) OUTSIDE OF THE PERIMETER

CONTROLS SHALL INCORPORATE THE FOLLOWING:

PLACE EXCAVATED TRENCH MATERIAL ON THE HIGH SIDE OF THE TRENCH.

BACKFILL, COMPACT AND STABILIZE THE TRENCH IMMEDIATELY AFTER PIPE CONSTRUCTION.

DISCHARGE TRENCH WATER INTO A SEDIMENTATION BASIN OR FILTERING TANK IN ACCORDANCE WITH

BMP'S PRIOR TO RELEASE INTO STORM SEWER OR DITCHES.

9. AT A MINIMUM, SEDIMENT BASINS AND NECESSARY TEMPORARY DRAINAGE PROVISIONS SHALL BE CONSTRUCTED

AND OPERATIONAL BEFORE BEGINNING OF SIGNIFICANT MASS GRADING OPERATIONS TO PREVENT OFFSITE

DISCHARGE OF UNTREATED RUNOFF.

10. IF APPLICABLE, ALL WATERCOURSES AND WETLANDS SHALL BE PROTECTED WITH DOUBLE ROW OF SILT FENCE TO

PREVENT ANY DIRECT DISCHARGE FROM DISTURBED SOILS.

11. ALL TEMPORARY AND PERMANENT EROSION CONTROL MEASURES MUST BE MAINTAINED AND REPAIRED AS NEEDED.

THE GENERAL CONTRACTOR WILL BE RESPONSIBLE FOR INSPECTION AND REPAIR DURING CONSTRUCTION. THE

OWNER WILL BE RESPONSIBLE IF EROSION CONTROL IS REQUIRED AFTER THE CONTRACTOR HAS COMPLETED THE

PROJECT.

12. TOPSOIL STOCKPILES SHALL HAVE A BERM OR TRENCH AROUND THE CIRCUMFERENCE AND PERIMETER SILT FENCE

TO CONTROL SILT. IF TOPSOIL STOCKPILE REMAINS UNDISTURBED FOR MORE THAN SEVEN (7) DAYS, TEMPORARY

SEEDING AND STABILIZATION IS REQUIRED.

13. EROSION CONTROL MEASURES TEMPORARILY REMOVED FOR UNAVOIDABLE CONSTRUCTION ACTIVITIES SHALL BE IN

WORKING ORDER IMMEDIATELY FOLLOWING COMPLETION OF SUCH ACTIVITIES OR PRIOR TO THE COMPLETION OF

EACH WORK DAY, WHICH EVER OCCURS FIRST.

14. MAINTAIN SOIL EROSION CONTROL DEVICES THROUGH THE DURATION OF THIS PROJECT. ALL TEMPORARY EROSION

AND SEDIMENT CONTROL MEASURES SHALL BE REMOVED WITHIN THIRTY (30) DAYS AFTER FINAL SITE STABILIZATION

IS ACHIEVED OR AFTER THE TEMPORARY MEASURES ARE NO LONGER NEEDED. DISTURBANCES ASSOCIATED WITH

EROSION CONTROL REMOVAL SHALL BE IMMEDIATELY STABILIZED.

15. PUMPS MAY BE USED AS BYPASS DEVICES. IN NO CASE SHALL PUMPED WATER BE DIVERTED OUTSIDE THE PROJECT

LIMITS. PUMP DISCHARGE SHALL BE DIRECTED INTO AN APPROVED FILTER BAG OR APPROVED SETTLING DEVICE.

16. GRADING EFFORTS SHALL BE CONDUCTED IN SUCH A MANNER AS TO MINIMIZE EROSION. EROSION AND SEDIMENT

CONTROL MEASURES SHALL CONSIDER THE TIME OF YEAR, SITE CONDITIONS, AND THE USE OF TEMPORARY OR

PERMANENT MEASURES. ALL DISTURBED AREAS THAT WILL NOT BE WORKED FOR A PERIOD OF FOURTEEN (14) DAYS

REQUIRE TEMPORARY SEEDING FOR EROSION CONTROL. SEEDING FOR EROSION CONTROL SHALL BE IN

ACCORDANCE WITH TECHNICAL STANDARDS.

17. ALL DISTURBED SLOPES EXCEEDING 4:1, SHALL BE STABILIZED WITH NORTH AMERICAN GREEN S75BN EROSION

MATTING (OR APPROVED EQUAL) AND ALL CHANNELS SHALL BE STABILIZED WITH NORTH AMERICAN GREEN C125BN

(OR APPROVED EQUAL) OR APPLICATION OF AN APPROVED POLYMER SOIL STABILIZATION TREATMENT OR A

COMBINATION THEREOF, AS REQUIRED. EROSION MATTING AND/OR NETTING USED ONSITE SHALL BE INSTALLED IN

ACCORDANCE WITH MANUFACTURER'S GUIDELINES.

18. DURING PERIODS OF EXTENDED DRY WEATHER, THE CONTRACTOR SHALL KEEP A WATER TRUCK ON SITE FOR THE

PURPOSE OF WATERING DOWN SOILS WHICH MAY OTHERWISE BECOME AIRBORNE.THE CONTRACTOR IS

RESPONSIBLE FOR CONTROLLING WIND EROSION (DUST) DURING CONSTRUCTION AT HIS/HER EXPENSE.

19. DISTURBED AREAS AND AREAS USED FOR STORAGE OF MATERIALS THAT ARE EXPOSED TO PRECIPITATION SHALL BE

VISUALLY INSPECTED FOR EVIDENCE OF, OR THE POTENTIAL FOR, POLLUTANTS ENTERING THE DRAINAGE SYSTEM

ON A DAILY BASIS.

20. QUALIFIED PERSONNEL (PROVIDED BY THE GENERAL/PRIME CONTRACTOR) SHALL INSPECT DISTURBED AREAS OF

THE CONSTRUCTION SITE THAT HAVE NOT BEEN FINALLY STABILIZED AND EROSION AND SEDIMENT CONTROLS

WITHIN 24 HOURS OF ALL 0.5-INCH, OR MORE, PRECIPITATION EVENTS WITH A MINIMUM INSPECTION INTERVAL OF

ONCE EVERY SEVEN (7) CALENDAR DAYS IN THE ABSENCE OF A QUALIFYING RAIN OR SNOWFALL EVENT. REPORTING

SHALL BE IN ACCORDANCE WITH OF THE GENERAL PERMIT. CONTRACTOR SHALL IMMEDIATELY ARRANGE TO HAVE

ANY DEFICIENT ITEMS REVEALED DURING INSPECTIONS REPAIRED/REPLACED.

21. SEE ADDITIONAL DETAILS AND NOTES ON SITE STABILIZATION AND CONSTRUCTION DETAILS.

DEMOLITION NOTES

1. PERIMETER SILT FENCING AND CONSTRUCTION ENTRANCES SHALL BE INSTALLED

PRIOR TO ANY DEMOLITION. PLEASE REFER TO GRADING AND EROSION AND

SEDIMENT CONTROL PLAN SHEETS FOR FURTHER DETAILS.

2. EXISTING FEATURES ARE SHOWN FOR INFORMATIONAL PURPOSES ONLY AND ARE

NOT GUARANTEED TO BE ACCURATE OR ALL INCLUSIVE. CONTRACTOR SHALL BE

RESPONSIBLE FOR VERIFYING THE TYPE, LOCATION, SIZE AND ELEVATION OF

UNDERGROUND UTILITIES AS THEY DEEM NECESSARY TO AVOID DAMAGE

THERETO. CONTRACTOR/OWNER SHALL CALL "MISS DIG" PRIOR TO ANY

DEMOLITION.

3. CONTRACTOR SHALL PERFORM ALL DEMOLITION WORK IN ACCORDANCE WITH ALL

APPLICABLE FEDERAL, STATE, AND LOCAL REQUIREMENTS.

4. COORDINATE WITH ALL APPLICABLE UTILITY COMPANIES AND THE MUNICIPALITY

TO PROTECT EXISTING FUNCTIONING UTILITIES, BULKHEAD/REMOVE

CONNECTIONS AS NECESSARY, AND TO ENSURE ALL UTILITIES ARE INACTIVE

PRIOR TO ANY DEMOLITION ACTIVITIES. CONTRACTOR SHALL TAKE ADEQUATE

PRECAUTIONS TO ENSURE PROTECTION OF EXISTING UTILITIES THAT ARE NOT TO

BE IMPACTED. THE CONTRACTOR IS RESPONSIBLE FOR REPAIR OF ANY EXISTING

UTILITIES DAMAGED AS A RESULT OF THE DEMOLITION.

5. VOIDS LEFT BY REMOVAL OF FEATURES SHALL BE MODIFIED/FILLED TO PREVENT

PONDING OF WATER.

6. DEMOLISH AND DISPOSE EXISTING PIPING, CABLE/WIRES, STRUCTURES, OR

OTHER SURFACE FEATURES INDICATED ON THE PLANS TO BE REMOVED.

7. CLEARING AND GRUBBING DESIGNATIONS SHALL INCLUDE CLEARING, GRUBBING,

REMOVING, AND DISPOSING OF ALL VEGETATION AND DEBRIS WITHIN THE LIMITS

OF CONSTRUCTION, AS DESIGNATED ON THE PLANS. CONTRACTOR SHALL

REMOVE ONLY THOSE TREES ABSOLUTELY NECESSARY TO ALLOW FOR

CONSTRUCTION.

8. CONTRACTOR SHALL REMOVE EXISTING FENCING IN A MANNER TO ALLOW REUSE.

ANY FENCING MATERIAL TO BE REUSED IN THE CONSTRUCTION OF RELOCATED

FENCE LINES SHALL BE PRESENTED TO ENGINEER FOR INSPECTION AND

PROPOSED CONTRACT DEDUCT ASSOCIATED WITH REUSE OF THE SALVAGED

MATERIAL. ENGINEER OR OWNER WILL PROVIDE WRITTEN ACCEPTANCE OF THE

PROPOSED SALVAGED MATERIAL.

9. CONTRACTOR SHALL COORDINATE WITH THE MUNICIPALITY FOR TERMINATION OF

PUBLIC UTILITY CONNECTIONS TO SITE.

10. CONTRACTOR SHALL COORDINATE STOCKPILE LIMITS AND LOCATIONS WITH

ENGINEER/OWNER PRIOR TO DEMOLITION.


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PROPOSED OUTLOT

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C-2

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GENERAL NOTES

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N.T.S

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GENERAL NOTES

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EXISTING HYDRANT ASSEMBLY

TO REMAIN. ASSEMBLY TO BE

RAISED TO PROPOSED GRADE.

(SEE UTILITY SHEET)

REMOVE CURB AND GUTTER

TO NEAREST JOINT

EXISTING SIGN TO BE

REMOVED

EXISTING SIDEWALK TO BE

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EXISTING SANITARY STUB

TO REMAIN

EXISTING STORM STUB TO

REMAIN

EXISTING WATER STUB TO

REMAIN





(262) 754-8888



1" = 20'0 40'

GRAPHICAL SCALE (FEET)

NORTH

THE INFORMATION SHOWN ON THIS DRAWING CONCERNING TYPE AND LOCATION OF

UNDERGROUND UTILITIES IS NOT GUARANTEED TO BE ACCURATE OR ALL INCLUSIVE. THE

CONTRACTOR IS RESPONSIBLE FOR MAKING HIS OWN DETERMINATIONS AS TO THE TYPE AND

LOCATION OF UNDERGROUND UTILITIES AS MAY BE NECESSARY TO AVOID DAMAGE THERETO. IF

ADDITIONAL UTILITIES ARE KNOWN TO EXIST IN THE PROPERTY, THE OWNER WILL PROVIDE

EXISTING PLANS OF OTHER UTILITIES SERVING THE SITE AND THE BUILDING THAT OTHERWISE

CANNOT BE LOCATED BY A VISUAL OBSERVATION OF THE PROPERTY OR OF WHICH THE SURVEYOR

WOULD HAVE NO KNOWLEDGE.

EXISTING CONDITIONS SURVEY PROVIDED BY PINNACLE ENGINEERING GROUP. ALTHOUGH PEG

HAS NO REASON TO BELIEVE THE SURVEY IS INACCURATE, PEG MAKES NO WARRANTS THAT

EXISTING INFORMATION CONTAINED WITHIN THESE PLANS IS ALL-INCLUSIVE OR ACCURATE.

CONTRACTOR SHALL UNDERTAKE NECESSARY EFFORTS TO VERIFY THE EXISTING CONDITIONS

PRIOR TO THE START OF MATERIAL PROCUREMENT AND CONSTRUCTION EFFORTS/ACTIVITIES.

EXISTING CONDITIONS SURVEY:

LEGEND

EASEMENT LINE

CLEANOUT

FIRE HYDRANT

LIGHTING

SANITARY SEWER

STORM SEWER

WATER MAIN

BUFFALO BOX

FORCE MAIN

ELECTRICAL TRANSFORMER

CONTOUR

TREE WITH TRUNK SIZE

POWER POLE

STREET SIGN

GAS MAIN

TELEPHONE LINE

CONCRETE SIDEWALK

VALVE BOX

ELECTRICAL CABLE

OR PEDESTAL

SANITARY MANHOLE

STORM MANHOLE

CATCH BASIN

INLET


VALVE VAULT

CONCRETE HEADWALL

POWER POLE WITH LIGHT

GUY WIRE

W

CONTRACTOR RESPONSIBILITY: SEE ADDITIONAL

CONSTRUCTION NOTES LOCATED ON SHEET C-2

CONTRACTOR RESPONSIBILITY:

THE INFORMATION SHOWN ON THIS DRAWING CONCERNING TYPE AND LOCATION OF

UNDERGROUND UTILITIES IS NOT GUARANTEED TO BE ACCURATE OR ALL INCLUSIVE. THE

CONTRACTOR IS RESPONSIBLE FOR MAKING HIS OWN DETERMINATIONS AS TO THE TYPE AND

LOCATION OF UNDERGROUND UTILITIES AS MAY BE NECESSARY TO AVOID DAMAGE THERETO. IF

ADDITIONAL UTILITIES ARE KNOWN TO EXIST IN THE PROPERTY, THE OWNER WILL PROVIDE

EXISTING PLANS OF OTHER UTILITIES SERVING THE SITE AND THE BUILDING THAT OTHERWISE

CANNOT BE LOCATED BY A VISUAL OBSERVATION OF THE PROPERTY OR OF WHICH THE SURVEYOR

WOULD HAVE NO KNOWLEDGE.




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EXISTING INLET BOX RIM/TC:844.32 INV-IN-N:837.82 18"RCP INV-OUT-S:837.07 24"RCP

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EXISTING ELECTRIC MANHOLE (TYP)

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EXISTING CABLE PULLBOX (TYP)

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EXISTING CHAIN LINK FENCE (TYP)

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EXISTING UNDERGROUND GAS (TYP)

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EXISTING SIDEWALK

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EXISTING WATERMAIN (TYP)

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EXISTING HYDRANT (TYP)

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EXISTING CURB (TYP)

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EXISTING GATEVALVE (TYP)

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FOUND REBAR WITH DOT CAP(TYP)

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EXISTING FOR SALE SIGN

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END OF ON-SITE LOCATE

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EASEMENT TO BE DETERMINED WITH UPCOMING ALTA.

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EXISTING SANITARY MANHOLE RIM: 845.57 INV-IN-SE:836.55 8"PVC INV-OUT-W:836.52 8"PVC

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EXISTING CHAIN LINK FENCE (TYP)

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ESTIMATED WATERMAIN LOCATION BASED ON DESIGN

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PROPOSED OUTLOT

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C-3

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EXISTING CONDITIONS & DEMOLITION PLAN

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1" = 20'

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EXISTING CONDITIONS & DEMOLITION PLAN

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6"

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6"

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PIC

KU

P

PROPOSED

BUILDING

6,200± SF

FFE = 847.00

ROOF OVERHANG

(TYP.)

MOBILE ORDER

PICK UP SIGNAGE

DRIVE THRU SIGNAGE AND

MENU/ORDER BOARDS

PROPOSED LIGHT

POLE (TYP.)

PROPOSED TENANT

SIGNAGE

PROPOSED RETAINING WALL.

SEE LANDSCAPE AND TENANT

PLANS FOR DETAILS

R3.0'

R20.0' R100.0'

R20.0'

R28.0'

R3.0'

R3.0'

R3.0'

R3.0'

R3.0'

R3.0'

R12.0'

3-INCH CURBHEAD

TO BE INSTALLED

EAST

BIO-RETENTION

BASIN

WEST

BIO-RETENTION

BASIN

TURNAROUND AREA

PROPOSED SHARED

MONUMENT/PYLON SIGN

PROPOSED

PROPERTY LINE

PATIO

±270 SF

CONCRETE

FLUME (TYP.)

CONCRETE

FLUME

R3.0'

R3.0'

R9.0'

R3.0'

R3.0'

R12.0'

R3.0'

R3.0'

R3.0'

R12.0'

R3.0'

R10.0'

R8.0'

R100.0'

1

2

.0

'

1

1

.5

'

18.0'

18.0'

9.0' (TYP.)

24.0'

1

1

.5

'

12.0'

12.0'

6.0'

6.5'

5.7'

5.0'

12.0'

24.0'

5.0'

5.0'

18.0'

18.0'

24.0'

9.0' (TY

P.)

5.0'

24.0'

2

6

.9

'

1

2

.0

'

PROPOSED SHARED TRASH

ENCLOSURE (2) 12' X 24'

GC TO REFER TO TENANT

BUILDOUT FOR TEXT

STRIPING DETAILS AND

DIRECTION (TYP)

BIKE PARKING,

3 - 2'x6' STALLS.

6 STALLS TOTAL.

SEE DETAIL.

R12.0'

R12.0'

3.5'

5.0'

12.0'

5

.0

'

5.0'

5.0'

10.0'

R

2

8

.

0

'

5

.0

'

9.0' (TYP.)

1

8

.

3

'

(

T

Y

P

.

)

13.2'

R9.0'

R9.0'





(262) 754-8888



1" = 20'0 40'


NORTH

LEGEND

4" DIAGONAL AT 45° SPACED 2' O.C.

18" CURB & GUTTER (SEE DETAIL)

ADA PARKING STALL SIGNAGE WITH BOLLARD (SEE

DETAIL)

SITE DATA

SITE AREA: 1.12 AC

DISTURBANCE LIMITS: 1.12 AC

BUILDING AREA: 6,200 SF

PROPOSED CAR PARKING SPACES: 54 SPACES (3 A.D.A.)

GRASS AREA: 0.25 AC

TOTAL IMPERVIOUS AREA: 0.87 AC

GREEN SPACE (%) 22%

ADA STALL INSIGNIA

4" SOLID WHITE STRIPE

INTEGRAL CURB AND GUTTER (SEE DETAIL)

LIGHT DUTY ASPHALT PAVEMENT

- 8" - 1

1

4

" CRUSHED AGGREGATE TB

- 3" HMA PAVEMENT (2 LIFTS)

2" BINDER COARSE - 3 LT 58-28 S

1" SURFACE COARSE - 5 LT 58-28 S

CONCRETE PAVEMENT

- 6" CONCRETE SLAB WITH 6 x 6 - W2.9 x W2.9 W.W.M.

- 4" MIN. - 1

1

4


CONCRETE SIDEWALK

- 5" CONCRETE SIDEWALK

- 4" - 1

1

4


HEAVY DUTY ASPHALT PAVEMENT

- 11" - 1

1

4


- 4" HMA PAVEMENT (2 LIFTS)

2

1

2

" BINDER COARSE - 3 LT 58-28 S

1

1

2

" SURFACE COARSE - 5 LT 58-28 S



18" REVERSE PITCH CURB & GUTTER (SEE DETAIL)

BOLLARD

WHEEL STOP

PARKING COUNT (FOR INFORMATION ONLY, NOT TO BE PAINTED)

LANDLORD GENERAL CONTRACTOR TO PROVIDE

POLES AND TENANT GENERAL CONTRACTOR TO

PROVIDE SIGNAGE FOR ALL SIGNS

LANDLORD GENERAL CONTRACTOR TO

COORDINATE WITH TENANT PERMIT DRAWINGS

FOR FINAL LOCATIONS AND DETAILS OF ALL

DRIVE-THRU EQUIPMENT AND WAYFINDING

ADA COMPLIANT RAMP. TAPER CURB HEAD AND INSTALL

TRUNCATED DOMES

REVISED


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S74°33'49"E231.12'

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S10°01'10"E179.44'

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FILE NAME: Z:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\SITE DIMENTIONAL & PAVING PLAN.DWGZ:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\SITE DIMENTIONAL & PAVING PLAN.DWG

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PLOT DATE: 8/10/20218/10/2021

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C-4

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SITE DIMENSIONAL & PAVING PLAN

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1" = 20'

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SITE DIMENSIONAL & PAVING PLAN

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E

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846

847

848

849

850

845

846

847

848

849

8

4

5

8

4

5

8

4

5

8

4

6

8

4

6

8

4

6

8

4

5

8

4

5

8

4

9

8

4

6

8

4

6

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BILE

OR

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P

MO

BILE

OR

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P

MO

BILE

OR

DE

R

PIC

KU

P

MO

BILE

OR

DE

R

PIC

KU

P

PROPOSED

BUILDING

6,200± SF

FFE = 847.00

RID

GE

L

IN

E

RID

GE

LIN

E

RID

GE

LIN

E

R

ID

G

E

L

IN

E

RID

GE

LINE

RIDGE LINE

RID

GE

LIN

E

848

3-INCH CURBHEAD

TO BE INSTALLED

8

4

5

847

84

5

846

8

4

6

8

4

6

8

4

6

8

4

6

846

8

4

6

8

4

5

8

4

6

846

844.86

844.94 EX

844.81 EX

844.76

845.05

845.12 EX

845.05 EX

844.98

846.36

846.30

846.25

846.10

845.36

845.62

845.90

845.90

845.90

845.90

845.75

844.60

845.25

845.40

845.47

845.07

844.62

844.52

844.45EX

844.54

845.25

845.35

845.56

845.86

846.00

845.75

845.63

844.88

844.52

844.42

844.25EX

844.60

844.70

844.74

844.91

844.86

844.77

844.73

844.73

845.80

845.80

845.80

845.63

844.60

845.72

846.29

845.98

845.97

846.00

845.90

845.77

845.69

845.65

845.60

845.67

845.76

845.76

845.98

846.25

846.40

845.85

845.35

845.21

845.12

845.90

845.73

845.70845.85

845.75

845.85846.90 TC

846.10

845.65

845.22

845.70

845.95

846.50

846.50

846.90EP

846.90 TC

846.38

846.22

846.10

846.28

846.40

846.13

845.65

845.22

845.70

845.95

846.50

846.50

846.14

846.33

846.46

846.64 EP

846.36

846.20

846.02

845.85

845.78

845.70

845.66

846.40 EP

846.90 EP

846.90 TC

845.94

845.87

846.17

846.23 846.89 TC

845

EAST

BIO-RETENTION

BASIN

WEST

BIO-RETENTION

BASIN

845

844

8

4

6

846

845

844

843

8

4

5

844.54





(262) 754-8888



1" = 20'0 40'


NORTH

LEGEND


STORM SEWER MANHOLE

STORM STORM CATCH BASIN (ROUND CASTING)



VALVE BOX

FIRE HYDRANT

CLEANOUT

PROPOSED CONTOUR

PROPOSED SPOT ELEVATION

WETLANDS

749

750.0

FLOODPLAIN



DITCH OR SWALE

DIVERSION SWALE


GRASS PAVEMENT

1. INSTALL PERIMETER SILT FENCE, INLET PROTECTION, TEMPORARY

CONSTRUCTION ENTRANCE AND ANY OTHER EROSION CONTROL MEASURES

2. DEMOLITION AND REMOVALS OF BUILDINGS, & PAVEMENTS.

3. CONDUCT ROUGH GRADING EFFORTS AND INSTALL CHECK DAMS AND

SEDIMENT TRAPS/BASINS AS NEEDED.

4. CONSTRUCTION OF FOUNDATIONS AND BUILDING.

5. INSTALL UTILITY PIPING AND STRUCTURES, IMMEDIATELY INSTALL INLET

PROTECTION.

6. COMPLETE FINAL GRADING, INSTALLATION OF GRAVEL BASE COURSES,

PLACEMENT OF CURBS, PAVEMENTS, WALKS, ETC.

7. INSTALL TOPSOIL AND LANDSCAPING. IMMEDIATELY STABILIZE DISTURBED

AREAS WITH EROSION CONTROLS.

8. EROSION CONTROL MEASURES SHALL BE REMOVED ONLY AFTER SITE

CONSTRUCTION IS COMPLETE WITH ALL SOIL SURFACES HAVING AN

ESTABLISHED VEGETATIVE COVER.

CONTRACTOR MAY MODIFY SEQUENCING AFTER ITEM 1 AS NEEDED TO

COMPLETE CONSTRUCTION IF EROSION CONTROLS ARE MAINTAINED IN

ACCORDANCE WITH THE CONSTRUCTION SITE EROSION CONTROL

REQUIREMENTS.

CONSTRUCTION SITE SEQENCING

CONTRACTOR TO CONFIRM ALL STARBUCKS SITE

ITEMS WITH STARBUCKS CONSTRUCTION

DOCUMENTS



NOTE :

REMAINING DISTURBED AREAS OF

SLOPES 5:1 OR FLATTER TO BE

HYDROSEEDED


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S74°33'49"E231.12'

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S10°01'10"E179.44'

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7

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13

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FILE NAME: Z:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\GRADING PLAN.DWGZ:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\GRADING PLAN.DWG

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PLOT DATE: 7/16/20217/16/2021

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Dates/Revisions

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Drawing Title

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Project Name

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Additional Info

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PROPOSED OUTLOT

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C-5

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GRADING PLAN

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1" = 20'

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GRADING PLAN

WO

OD

MA

N D

RIV

E

RIV

ER

PR

AIR

IE D

RIV

E

846

847

848

849

850

845

846

847

848

849

8

4

5

8

4

5

8

4

5

8

4

6

8

4

6

8

4

6

8

4

5

8

4

5

8

4

9

8

4

6

8

4

6

MO

BILE

OR

DE

R

PIC

KU

P

MO

BILE

OR

DE

R

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KU

P

MO

BILE

OR

DE

R

PIC

KU

P

MO

BILE

OR

DE

R

PIC

KU

P

PROPOSED

BUILDING

6,200± SF

FFE = 847.00

RID

GE

L

IN

E

RID

GE

LIN

E

RID

GE

LIN

E

R

ID

G

E

L

IN

E

RID

GE

LINE

RIDGE LINE

RID

GE

LIN

E

848

CONSTRUCTION

ENTRANCE (TYP)

SILT FENCE (TYP)

8

4

5

847

84

5

846

8

4

6

8

4

6

8

4

6

8

4

6

846

8

4

6

8

4

5

8

4

6

846

845

RIP RAP (TYP.)

EAST

BIO-RETENTION

BASIN

WEST

BIO-RETENTION

BASIN

845

844

8

4

6

846

845

844

843

8

4

5





(262) 754-8888



1" = 20'0 40'


NORTH

LEGEND


STORM SEWER MANHOLE

STORM STORM CATCH BASIN (ROUND CASTING)



VALVE BOX

FIRE HYDRANT

CLEANOUT

PROPOSED CONTOUR

PROPOSED SPOT ELEVATION

WETLANDS

749

750.0

FLOODPLAIN



DITCH OR SWALE

DIVERSION SWALE

SILT FENCE

TYPE D INLET PROTECTION

CONSTRUCTION ENTRANCE


GRASS PAVEMENT

EROSION CONTROL BLANKET

(NORTH AMERICAN GREEN S75 OR EQUAL)

1. INSTALL PERIMETER SILT FENCE, INLET PROTECTION, TEMPORARY

CONSTRUCTION ENTRANCE AND ANY OTHER EROSION CONTROL MEASURES

2. DEMOLITION AND REMOVALS OF BUILDINGS, & PAVEMENTS.

3. CONDUCT ROUGH GRADING EFFORTS AND INSTALL CHECK DAMS AND

SEDIMENT TRAPS/BASINS AS NEEDED.

4. CONSTRUCTION OF FOUNDATIONS AND BUILDING.

5. INSTALL UTILITY PIPING AND STRUCTURES, IMMEDIATELY INSTALL INLET

PROTECTION.

6. COMPLETE FINAL GRADING, INSTALLATION OF GRAVEL BASE COURSES,

PLACEMENT OF CURBS, PAVEMENTS, WALKS, ETC.

7. INSTALL TOPSOIL AND LANDSCAPING. IMMEDIATELY STABILIZE DISTURBED

AREAS WITH EROSION CONTROLS.

8. EROSION CONTROL MEASURES SHALL BE REMOVED ONLY AFTER SITE

CONSTRUCTION IS COMPLETE WITH ALL SOIL SURFACES HAVING AN

ESTABLISHED VEGETATIVE COVER.

CONTRACTOR MAY MODIFY SEQUENCING AFTER ITEM 1 AS NEEDED TO

COMPLETE CONSTRUCTION IF EROSION CONTROLS ARE MAINTAINED IN

ACCORDANCE WITH THE CONSTRUCTION SITE EROSION CONTROL

REQUIREMENTS.

CONSTRUCTION SITE SEQENCING

CONTRACTOR TO CONFIRM ALL STARBUCKS SITE

ITEMS WITH STARBUCKS CONSTRUCTION

DOCUMENTS



NOTE :

REMAINING DISTURBED AREAS OF

SLOPES 5:1 OR FLATTER TO BE

HYDROSEEDED


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7

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13

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7

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8

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FILE NAME: Z:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\EROSION CONTROL PLAN.DWGZ:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\EROSION CONTROL PLAN.DWG

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Dates/Revisions

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Project Name

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PROPOSED OUTLOT

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C-6

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EROSION CONTROL PLAN

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1" = 20'

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EROSION CONTROL PLAN

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OR

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P

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BILE

OR

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R

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OR

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P

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BILE

OR

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PROPOSED

BUILDING

6,200± SF

FFE = 847.00

W

W

W

W

W

45° BEND

243.4 L.F. OF 6" C-900

WATER SERVICE

@ S= 1.73%

WATER BC 1

INV=840.80

CONNECTION TO BE MADE TO EXISTING 8"

WATER STUB WITH 6"x8" REDUCER.

INV = 836.60±

CONTRACTOR TO FIELD VERIFY SIZE,

LOCATION & INVERT AT STUB. NOTIFY

ENGINEER OF ANY DISCREPANCIES.

EAST BASIN OUTLET

STRUCTURE

RIM = 844.50

INV = 841.00 (8" SW)

WEST BASIN OUTLET

STRUCTURE

RIM = 843.50

INV = 840.00 (10" NE )

INV = 840.00 (12" SE)

45° BEND

45° BEND

SANITARY BC 1

INV=839.00

SANITARY GREASE LINE

INV= 839.00

PROPOSED

GREASE

INTERCEPTOR.

TO BE DESIGNED

AND PERMITTED

BY OTHERS

SANITARY

CLEANOUT

40.3 LF OF 6" SDR 35

@ S=1.14%

34.9 LF OF 6" SDR 35

@ S=1.04%

112.5 LF OF 6" SDR 35

@ S=1.04%

CONNECTION TO BE MADE TO

EXISTING 6" SANITARY STUB.

INV = 837.47±




WYE 1

INV=838.54

45° BEND

CB 3

48" DIA

RIM= 845.36

INV=840.02 (8" NE)

INV=839.00 (15" W)

INV=838.32 (18" S)

85.3 L.F. 8" HDPE

@ S=1.15%

5.3 L.F. 18" HDPE

@ S=1.00%

CB 1

48" DIA

RIM= 844.60

INV=841.52 (10" SW)

126.6 L.F. 10" HDPE

@ S=1.20%

CB 2

48" DIA

RIM= 844.60

INV=839.32 (12" NW)

INV=839.32 (15" E)

136.8 L.F. 12" HDPE

@ S=0.50%

35.7 L.F. 15" HDPE

@ S=0.40%

5.4 L.F. 6" SCH 40 PVC

@ S=2.30%

9.5 L.F. 6" SCH 40 PVC

@ S=2.30%

40.4 L.F. 6" SCH 40 PVC

@ S=2.30%

13.6 L.F. 6" SCH 40 PVC

@ S=2.30%

32.3 L.F. 6" SCH 40 PVC

@ S=2.30%

3.0 L.F. 6" SCH 40 PVC

@ S=8.00%

3.4 L.F. 6" SCH 40 PVC

@ S=8.00%

3.0 L.F. 6" SCH 40 PVC

@ S=2.50%

3.0 L.F. 6" SCH 40 PVC

@ S=2.50%

22.7 L.F. 6" SCH 40 PVC

@ S=2.50%

4.5 L.F. 8" HDPE

@ S=7.50%

39.9 L.F. 8" HDPE

@ S=7.50%

34.9 L.F. 15" HDPE

@ S=0.50%

3.0 L.F. 6" SCH 40 PVC

@ S=8.00%

CONNECTION TO BE MADE TO EXISTING

18" STORM SEWER STUB.

INV = 838.27±




TEE 2

INV=842.17 (6" W)

INV=842.17 (8" N)

INV=842.17 (8" S)

20.5 L.F. 8" HDPE

@ S=7.50%

BC 3

INV=844.43

BC 1

INV=844.05

BC 2

INV=844.46

TEE 3

INV=843.71 (6" W)

INV=843.71 (6" E)

INV=843.71 (8" N)

INV=843.71 (8" S)

BC 4

INV=844.50

TEE 1

INV=839.18 (8" N)

INV=839.18 (15" W)

INV=839.18 (15" E)

45° BEND

EAST

BIO-RETENTION

BASIN

WEST

BIO-RETENTION

BASIN





(262) 754-8888



1" = 20'0 40'


NORTH

LEGEND


W

STORM SEWER MANHOLE

STORM SEWER CATCH BASIN (ROUND CASTING)

PRECAST CONCRETE FLARED END SECTION


VALVE BOX

FIRE HYDRANT

CLEANOUT

SANITARY SEWER

FORCE MAIN

DRAIN TILE

STORM SEWER

WATER MAIN

FIRE PROTECTION

UTILITY CROSSING

LIGHTING

ELECTRICAL CABLE

ELECTRICAL TRANSFORMER OR PEDESTAL

POWER POLE

STREET SIGN

POWER POLE WITH LIGHTS

GAS MAIN

TELEPHONE LINE

UTILITY TO BE REMOVED

OVERHEAD WIRES




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EXISTING ELECTRIC MANHOLE (TYP)

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EXISTING WATERMAIN (TYP)

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EXISTING STORM SEWER PIPE (TYP)

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EXISTING GATEVALVE (TYP)

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END OF ON-SITE LOCATE

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EXISTING SANITARY MANHOLE RIM: 845.57 INV-IN-SE:836.55 8"PVC INV-OUT-W:836.52 8"PVC

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ESTIMATED WATERMAIN LOCATION BASED ON DESIGN

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S74°33'49"E231.12'

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S10°01'10"E179.44'

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7

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13

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7

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10

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8

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2

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DO NOT ENTER

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5

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FILE NAME: Z:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\UTILITY PLAN.DWGZ:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\UTILITY PLAN.DWG

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PLOT DATE: 7/16/20217/16/2021

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Dates/Revisions

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Drawing Title

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Project Name

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Additional Info

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PROPOSED OUTLOT

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C-7

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UTILITY PLAN

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1" = 20'

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UTILITY PLAN

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T





(262) 754-8888



CATCH BASIN

#302 10-04-12

NOTES:

1. EASY STICK, RUBBER GASKET OR APPROVED EQUIVALENT SHALL BE PLACED AT ALL JOINTS

BETWEEN ADJUSTING RINGS FOR STORM CATCH BASINS.

2. THE FLAT TOP MAY BE USED IN LIEU OF THE TAPERED TOP WHEN FIELD CONDITIONS PROHIBIT USE

OF A TAPERED TOP.

3. STRUCTURE TO BE 4.0' DIA. OR AS INDICATED ON THE PLANS.

CEMENT MORTAR

6" PRECAST, REINF'D

CONC. TOP

INSTALL STEPS @ 16'' O.C. WHEN

STRUCTURE IS OVER 5 FEET

DEEP. (ALIGN WITH OPENING)

SEE PLAN FOR SEWER

SIZE AND INVERT ELEV.

GRADE

ADD ADJUSTING RINGS

IF NEEDED

5" PRECAST

CONC. WALLS

REINF'D CONCRETE FOUNDATION

W/ #5 RE-BAR @ 12'' EA. WAY.

8" M

IN

.

2.0'

4.0'

1.50' M

IN

SU

MP

NEENAH FOUNDRY R-2502, TYPE D

GRATE, UNLESS OTHERWISE NOTED

ON THE PLANS

CATCH BASIN - CURB

#305 10-10-12

GRADE/TOP

OF CURB

C

L

2.0'

4.0'

1.50' M

IN

SU

MP

8" M

IN

.

NEENAH FOUNDRY R-3015 FRAME

WITH TYPE R GRATE FOR

STRUCTURES IN VERTICAL CURB.

NEENAH R-3339 FRAME AND GRATE

FOR STRUCTURES IN DEPRESSED

CURB UNLESS OTHERWISE NOTED

ON PLANS

TAPER CURB & GUTTER 5' EACH SIDE

OF STRUCTURE TO MATCH WIDTH OF

FRAME AT CATCH BASIN

CEMENT MORTAR

ADD ADJUSTMENT RINGS AS

NEEDED PER STD SPECS

6" PRECAST, REINF'D CONC. TOP

INSTALL STEPS @ 16" O.C. WHEN

STRUCTURE IS OVER 5 FEET DEEP.

(ALIGN WITH OPENING)

SEE PLAN FOR SEWER SIZE AND

INVERT ELEVATION

REINF'D CONCRETE FOUNDATION W/

#5 REBAR @ 12" EA. WAY

5" PRECAST

CONC. WALLS

NOTES:

1. EASY STICK, RUBBER GASKET OR APPROVED EQUIVALENT SHALL BE PLACED AT ALL JOINTS

BETWEEN ADJUSTING RINGS FOR STORM CATCH BASINS.

2. THE FLAT TOP MAY BE USED IN LIEU OF THE TAPERED TOP WHEN FIELD CONDITIONS PROHIBIT USE

OF A TAPERED TOP.

3. STRUCTURES TO BE 4' DIA. OR AS INDICATED ON THE PLANS.

18"

6"

6"

1/2"

6"

12"

18" VERTICAL FACE CURB

#602-WI 10-27-17

1.0'

6"

18"

6"

6"

1/2"

12

1

2

"

1.0'

MINIMUM 5" COMPACTED

BASE AGGREGATE UNDER CURB

MINIMUM 5" COMPACTED

BASE AGGREGATE UNDER CURB

CONCRETE CURB

PAVING SURFACE (TYP)

SEE PLANS

2" R.

2" R.

REGULAR STYLE

REVERSE STYLE

NOTES:

1. LATERAL CONTRACTION JOINTS SHALL BE PLACED AT INTERVALS OF NOT MORE

THAN 15 FEET NOR LESS THAN 6 FEET. THE JOINTS SHALL BE A MINIMUM OF 3

INCHES IN DEPTH.

2. EXPANSION JOINTS SHALL BE PLACED TRANSVERSELY AT RADIUS POINTS ON

CURVES OF RADIUS 200 FEET OR LESS, AND AT ANGLE POINTS, OR AS DIRECTED BY

THE ENGINEER OF RECORD. THE EXPANSION JOINTS FILLER SHALL BE A ONE PIECE

FIBERBOARD OR THE APPROVED EQUIVALENT MATERIAL HAVING THE SAME

DIMENSIONS AS CURB & GUTTER AT THAT STATION AND BE 0.5 INCH THICK.

3. IN ALL CASES, CONCRETE CURB & GUTTER SHALL BE PLACED ON THOROUGHLY

COMPACTED CRUSHED STONE.

4. REVERSE STYLE CURB LOCATIONS ARE NOTED ON THE PLANS.

CONCRETE CURB

PAVING SURFACE (TYP)

SEE PLANS

12"

12"

INTEGRAL CURB AND SIDEWALK

#617 12-28-12

SLOPE

12"

18"

6"

SURFACE COURSE

BINDER COURSE

ROUND NOSE

(1" R MAX.)

VA

RIE

S

EXTEND GRAVEL

BASE 6" PAST

CONCRETE

COMPACTED GRANULAR BACKFILL

CONCRETE

SIDEWALK

6x6- #10/#10

WELDED WIRE FABRIC

5"

6.0"

2.5"

INLET PROTECTION

#105 06-20-14

INSTALLATION NOTES:

1. DO NOT INSTALL INLET PROTECTION TYPE "D" IN INLETS SHALLOWER THAN 30 INCHES, MEASURED FROM THE BOTTOM OF THE INLET

TO THE TOP OF THE GRATE.

2. TRIM EXCESS FABRIC IN THE FLOW LINE TO WITHIN 3 INCHES OF THE GRATE.

3. THE INSTALLED BAG SHALL HAVE A MINIMUM SIDE CLEARANCE, BETWEEN THE INLET WALLS AND THE BAG, MEASURED AT THE BOTTOM

OF THE OVERFLOW HOLES, OF 3 INCHES. WHERE NECESSARY THE CONTRACTOR SHALL CINCH THE BAG, USING PLASTIC ZIP TIES, TO

ACHIEVE THE 3 INCHES CLEARANCE. THE TIES SHALL BE PLACED AT A MAXIMUM OF 4 INCHES FROM THE BOTTOM OF THE BAG.

NOTES:

1. INLET PROTECTION DEVICES SHALL BE MAINTAINED

OR REPLACED AT THE DIRECTION OF THE ENGINEER.

2. MANUFACTURED ALTERNATIVES APPROVED AND

LISTED ON THE WisDOT EROSION CONTROL PRODUCT

ACCEPTABILITY LIST MAY BE SUBSTITUTED.

3. WHEN REMOVING OR MAINTAINING INLET

PROTECTION, CARE SHALL BE TAKEN SO THAT THE

SEDIMENT TRAPPED ON THE GEOTEXTILE FABRIC

DOES NOT FALL INTO THE INLET. ANY MATERIAL

FALLING INTO THE INLET SHALL BE REMOVED

IMMEDIATELY.

1 FINISHED SIZE, INCLUDING FLAP POCKETS WHERE

REQUIRED, SHALL EXTEND A MINIMUM OF 10 INCHES

AROUND THE PERIMETER TO FACILITATE

MAINTENANCE OR REMOVAL.

2 FLAP POCKETS SHALL BE LARGE ENOUGH TO

ACCEPT WOOD 2 INCH X 4 INCH.

INLET SPECIFICATIONS

AS PER PLAN,

DIMENSION LENGTH

AND WIDTH TO MATCH

GEOTEXTILE FABRIC,

TYPE "FF"

2.0'

FLAP POCKET

USE REBAR OR STEEL ROD FOR REMOVAL

OR

FOR INLETS WITH CAST CURB BOX USE WOOD

2"x4", EXTEND 10" BEYOND GRATE WIDTH ON

BOTH SIDES, LENGTH VARIES. SECURE TO

GRATE WITH WIRE OR PLASTIC TIES.

FRONT, BACK, AND

BOTTOM TO BE MADE

FROM SINGLE PIECE

OF FABRIC.

MINIMUM DOUBLE

STITCHED SEAMS

ALL AROUND SIDE

PIECES AND ON FLAP

POCKETS.

1

.

0

0

'

2

1

2

4" x 6" OVAL HOLE

SHALL BE HEAT

CUT INTO ALL FOUR

SIDE PANELS

1.17' M

IN

FLOW

TRENCH DETAIL

2

NOTE: ADDITIONAL POST DEPTH OR TIE

BACKS MAY BE REQUIRED IN UNSTABLE

SOILS

2.33' M

AX

F

L

O

W

D

I

R

E

C

T

I

O

N

NOTES:

1. ALL SILT FENCE MATERIALS AND INSTALLATION SHALL BE IN CONFORMANCE WITH WI DNR TECHNICAL STANDARD 1056.

2. GEOTEXTILE FABRIC SHALL MEET THE REQUIREMENTS OF MATERIAL SPECIFICATION 592 GEOTEXTILE TABLE 1 OR 2, CLASS

I WITH EQUIVALENT OPENING SIZE OF AT LEAST 30 FOR NONWOVEN AND 50 FOR WOVEN.

3. SILT FENCE SHALL BE ANCHORED BY SPREADING AT LEAST 8-INCHES OF FABRIC IN A

4-INCH WIDE AND 6-INCH DEEP TRENCH OR 6-INCH DEEP V-TRENCH ON THE UPSLOPE SIDE OF THE FENCE. TRENCHES

SHALL NOT BE EXCAVATED WIDER OR DEEPER THAN NECESSARY FOR PROPER INSTALLATION.

4. FOLD MATERIAL TO FIT TRENCH AND BACKFILL AND COMPACT TRENCH WITH EXCAVATED SOIL.

5. WOOD POSTS SHALL BE A MINIMUM SIZE OF 1.125-INCHES x 1.125-INCHES OF DRIED OAK OR HICKORY.

6. SILT FENCE TO EXTEND ABOVE THE TOP OF PIPE, WHERE APPLICABLE.

7. POST SPACING SHALL BE SELECTED BASED ON GEOTEXTILE FABRIC (8-FEET FOR WOVEN AND 3-FEET FOR NON-WOVEN).

WOOD POSTS

LENGTH 3' - 4'

20" MIN. DEPTH IN

GROUND

BACKFILL AND

COMPACT TRENCH

WITH EXCAVATED SOIL

GEOTEXTILE

FABRIC ONLY

SILT FENCE SHALL BE STAPLED, USING AT

LEAST 0.5-INCH STAPLES, TO THE UPSLOPE SIDE OF THE

POSTS IN AT LEAST 3 PLACES

NYLON

CORD

SEAM

FO

LD

3"

MA

X.

1

2

GEOTEXTILE

FABRIC

FLOW

DIRECTION

EXPRESS

FABRIC

8

.

0

'

M

A

X

S

E

E

N

O

T

E

6

8

.

0

'

M

A

X

S

E

E

N

O

T

E

6

SILT FENCE

1

#100-C 07-31-14

#107-WI 10-02-12

CONSTRUCTION ENTRANCE

1

4

.

0

'

M

I

N

.

1.0' MIN.

5

0

.

0

'

M

I

N

.

L

E

N

G

T

H

NOTES:

1. ALL TRACKING PAD MATERIALS AND INSTALLATION SHALL BE IN CONFORMANCE WITH WI DNR TECHNICAL STANDARD 1057.

2. TRACKING PADS SHALL BE INSTALLED PRIOR TO ANY TRAFFIC LEAVING THE SITE. CONTRACTOR SHALL VERIFY LOCATION

WITH OWNER.

3. THE AGGREGATE FOR TRACKING PADS SHALL BE 3 TO 6 INCH CLEAR OR WASHED STONE. ALL MATERIALS TO BE RETAINED ON

A 3-INCH SIEVE

4. THE AGGREGATE SHALL BE PLACED IN A LAYER AT LEAST 12-INCHES THICK. ON SITES WHERE SATURATED CONDITIONS ARE

EXPECTED DURING THE LIFE OF THE PAD, THE PAD SHALL BE UNDERLAIN WITH GEOTEXTILE FABRIC WHICH MEETS MATERIAL

SPECIFICATION 592 GEOTEXTILE, TABLE 1 OR 2, CLASS I, II OR IV, TO PREVENT MIGRATION OF UNDERLYING SOILS INTO THE

STONE LAYER.

5. THE TRACKING PAD SHALL BE THE FULL WIDTH OF THE EGRESS POINT. MINIMUM WIDTH IS 14 FEET FOR ONE-WAY TRAFFIC

AND 20 FEET FOR TWO-WAY TRAFFIC, WITH AN ADDITIONAL INCREASE OF 4 FEET FOR TRAILER TRAFFIC. THE TRACKING PAD

SHALL BE A MINIMUM 50-FEET LONG.

6. ANY SEDIMENT TRACKED ONTO A PUBLIC OR PRIVATE ROAD SHOULD BE REMOVED BY STREET CLEANING, NOT FLUSHING, AT

THE END OF EACH WORKING DAY.

7. TRACKING PADS SHALL, AT A MINIMUM, BE INSPECTED WEEKLY AND WITHIN 24-HOURS AFTER EVERY PRECIPITATION EVENT

THAT PRODUCES 0.5-INCHES OF RAIN OR MORE DURING A 24-HOUR PERIOD.

8. THE TRACKING PAD PERFORMANCE SHALL BE MAINTAINED BY SCRAPING OR TOP-DRESSING WITH ADDITIONAL AGGREGATE.

AGGREGATE OVER

GEOTEXTILE FABRIC

E

X

I

S

T

I

N

G

R

O

A

D

20.0' 10.0' 20.0'

0.50'

EXISTING PAVEMENTPROFILE VIEW

SLOPE

SLOPE

3'' TO 6'' WASHED

OR CLEAR STONE

TAPER CURB HEAD

#623 10-11-12

1"

4'

NOTES:

1. CONTRACTION JOINTS SHALL BE PLACED EVERY 10 FEET

2. EXPANSION JOINTS (3/4" EXPANSION FIBER MATERIAL) SHALL BE PLACED

EVERY 300 FEET AND AT EVERY PC/PT AND 3 FEET FROM STRUCTURES

CONTRACTION JOINT

1" ROUNDED EDGE

ADA SIGN

#707 10-11-12

VAN

ACCESSIBLE

RESERVED

PARKING

VEHICLES WITH VET OR

DISABLED PLATES OR

STATE DISABLED CARD

THIS SPACE

PROVIDE VAN-ACCESSIBLE SIGN

AT VAN-ACCESS LOCATIONS

2" DIAMETER GALVANIZED

STEEL POST

8" DIAMETER BY 3'-6" DEEP

CONCRETE BASE

GRADE

1.0'

1.50'

5.0'

HANDICAP PARKING SIGN SHALL

CONFORM TO STATE SPECIFICATIONS

BOLLARD

CONCRETE WHEEL STOP

#800 01/24/13

6" 6"

6.0'

5 1/2"

11"

1" DIA. HOLE FOR

3

4

" x 30" LG.

STEEL ANCHOR - 2 PER BUMPER

3" 4"

3.0'

2"

10" 8"

4" 3"

7 1/2"

2 1/2"

2 1/2"

6"

11"

ELEVATION SECTION

4"

10"

MIN. REINF.

2 -#5 x 5' - 6"

PLAN

DETECTABLE WARNING TRUNCATED DOMES

#705 4/30/13

T

R

U

N

C

A

T

E

D

D

O

M

E

S

D

E

T

E

C

T

A

B

L

E

W

A

R

N

I

N

G

F

I

E

L

D

(

S

E

E

D

E

T

A

I

L

)

EXTEND DETECTABLE WARNINGS

ACROSS LIMITS OF WALK FLUSH WITH

PARKING AREA (SEE PLANS)

B

D

A

5.0'

DETECTABLE WARNING FIELD

(TYPICAL)**

PLAN VIEW

MAX.MIN.

A

B

C

D

* THE C DIMENSION IS 50%

TO 65% OF THE D DIMENSION

1.6'' 2.4''

0.65'' 1.5''

* *

0.9'' 1.4''

ELEVATION VIEW

PLAN VIEW

TRUNCATED DOMES

DETECTABLE WARNING

PATTERN DETAIL

RAMP

℄

0.08'

TY

P

2.0'

0.08'

TYP

A

B

C

0.02'

NOTES:

1. DETECTABLE WARNING FIELDS TO BE NEENAH FOUNDRY

DETECTABLE WARNING FIELDS (OR APPROVED EQUAL), UNPAINTED

NATURAL COLOR AND FIELD WEATHERED PRIOR TO INSTALLATION

(VERIFY COLOR WITH OWNER PRIOR TO INSTALLATION.

CONCRETE FLUME

#628 10/27/14

NOTES:

1. PITCH CONCRETE AT 2% FROM FLOW LINE OF GUTTER SECTION TO C/L OF FLUME.

2.0' 2.0'

4.0'

2.0'

VA

RIE

S

RIP RAP

BLEND CURB INTO

FLOW LINE (TYP)

SANITARY SEWER CLEANOUT IN PAVEMENT

#406 10-15-12

FLOW

5.0' M

IN

9" MINIMUM AROUND

MIN 4" THICK

CONCRETE PAD

NEENAH R-5900A DROP IN FRAME &

SOLID COVER. COVER SHALL BE SET A

MINIMUM OF

1

2

" BELOW FINISHED GRADE

WATER TIGHT REMOVABLE CAP.

TOP OF CAP TO BE SET 4" MAXIMUM

BELOW FINISH GRADE

12" PVC

FROST SLEEVE

6" PVC RISER PIPE

6" PVC 45° ELBOW FITTING

8"x6" PVC WYE FITTING

NOTES:

1. CLEANOUT PIPING AND FITTINGS SHALL MATCH SANITARY SEWER

LATERAL MATERIAL.


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FILE NAME: Z:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\CONSTRUCTION DETAILS.DWGZ:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\CONSTRUCTION DETAILS.DWG

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PLOT DATE: 7/16/20217/16/2021

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Dates/Revisions

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Drawing Title

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Project Name

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Additional Info

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PROPOSED OUTLOT

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C-8

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CONSTRUCTION DETAILS

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N.T.S.

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C





(262) 754-8888



24" ENGINEERED SOIL CONSISTING OF:

70% SAND

30% COMPOST

(PER DNR STANDARD S100)

3" HARDWOOD

MULCH

6" TOPSOIL & NATIVE GRASS SEED

INSTALL STRAW EROSION

CONTROL MATTING

PROVIDE RIP RAP ALONG

SIDES OF BASIN AT FLUME

LOCATION

NATIVE PLANTINGS.

SEE LANDSCAPE PLAN

TOP OF BERM

SPECIFICATIONS:

1. BASIN MAY BE USED AS SEDIMENT CONTROL DEVICE DURING CONSTRUCTION.

2. DO NOT USE HEAVY EQUIPMENT IN THE BASIN.

3. DO NOT PLACE TOPSIL, MEDIA, MULCH, OR PLANTS UNTIL AFTER THE PAVING OPERATIONS ARE COMPLETE AND THE

SITE IS STABILIZED.

4. PRIOR TO COMPLETING THE GARDEN, REMOVE ANY SEDIMENT THAT HAS ACCUMULATED AND REMOVE FINAL FOOT AND

LOOSEN BOTTOM SOIL PRIOR TO PLACEMENT OF ANY FINISH MATERIALS.

5. ONCE THE ENGINEERED SOIL OR TOPSOIL IS PLACED, THE SURFACE SHALL BE COVERED WITH A VARIOUS AREAS OF

PLANTINGS AND/OR SEEDING AS SPECIFIED ON THE LANDSCAPE PLAN. HARDWOOD MULCH MAY NOT BE USED WITHIN

30' OF THE OUTLET TO AVOID WASHOUTS. DECORATIVE 6" STONE SHALL BE USED INSTEAD.

6. EROSION CONTROL MATTING SHALL BE ANCHORED, OVERLAPPED, STAKED AND ENTRENCHED PER THE

MANUFACTURER'S RECOMMENDATIONS.

7. CONTRACTOR TO PROVIDE A COPY OF ALL GEOTECHNICAL REPORTS AND DATA PERTAINING TO THE PONDS TO THE

ENGINEER FOR APPROVAL. ENGINEER SHALL SUBMIT COPIES TO THE CITY FOR APPROVAL ALONG WITH THE RECORD

DRAWINGS.

4:1 MAX

4:1 MAX

EAST BIO-RETENTION BASIN DETAIL

TOP OF MULCH=844.00

BOTTOM OF MEDIA=842.00

TOP OF MEDIA=843.75

PROVIDE TURF REINFORCED

MATTING ALONG SIDE

SLOPES OF BASIN. (N.A.G.

C-350 OR EQUIVALENT)

COVER MULCH

W/ EROSION CONTROL BLANKET

(WISDOT URBAN CLASS 1 TYPE A)

2-YEAR HWL EL. 844.54

100- YEAR HWL EL. 844.60

PROVIDE RIP RAP AT END

SECTIONS OF CULVERT PIPE (TYP.)

NATIVE SOIL

INTERFACE

36" OUTLET CONTROL STRUCTURE W/

HAALA BEEHIVE GRATE

RIM = 844.50

INV. = 841.00

CULVERT PIPE

24" ENGINEERED SOIL CONSISTING OF:

70% SAND

30% COMPOST

(PER DNR STANDARD S100)

3" HARDWOOD

MULCH

6" TOPSOIL & NATIVE GRASS SEED

INSTALL STRAW EROSION

CONTROL MATTING

PROVIDE RIP RAP ALONG

SIDES OF BASIN AT FLUME

LOCATION

NATIVE PLANTINGS.

SEE LANDSCAPE PLAN

TOP OF BERM

SPECIFICATIONS:

1. BASIN MAY BE USED AS SEDIMENT CONTROL DEVICE DURING CONSTRUCTION.

2. DO NOT USE HEAVY EQUIPMENT IN THE BASIN.

3. DO NOT PLACE TOPSIL, MEDIA, MULCH, OR PLANTS UNTIL AFTER THE PAVING OPERATIONS ARE COMPLETE AND THE

SITE IS STABILIZED.

4. PRIOR TO COMPLETING THE GARDEN, REMOVE ANY SEDIMENT THAT HAS ACCUMULATED AND REMOVE FINAL FOOT AND

LOOSEN BOTTOM SOIL PRIOR TO PLACEMENT OF ANY FINISH MATERIALS.

5. ONCE THE ENGINEERED SOIL OR TOPSOIL IS PLACED, THE SURFACE SHALL BE COVERED WITH A VARIOUS AREAS OF

PLANTINGS AND/OR SEEDING AS SPECIFIED ON THE LANDSCAPE PLAN. HARDWOOD MULCH MAY NOT BE USED WITHIN

30' OF THE OUTLET TO AVOID WASHOUTS. DECORATIVE 6" STONE SHALL BE USED INSTEAD.

6. EROSION CONTROL MATTING SHALL BE ANCHORED, OVERLAPPED, STAKED AND ENTRENCHED PER THE

MANUFACTURER'S RECOMMENDATIONS.

7. CONTRACTOR TO PROVIDE A COPY OF ALL GEOTECHNICAL REPORTS AND DATA PERTAINING TO THE PONDS TO THE

ENGINEER FOR APPROVAL. ENGINEER SHALL SUBMIT COPIES TO THE CITY FOR APPROVAL ALONG WITH THE RECORD

DRAWINGS.

4:1 MAX

4:1 MAX

WEST BIO-RETENTION BASIN DETAIL

TOP OF MULCH=843.00

BOTTOM OF MEDIA=841.00

TOP OF MEDIA=842.75

PROVIDE TURF REINFORCED

MATTING ALONG SIDE

SLOPES OF BASIN. (N.A.G.

C-350 OR EQUIVALENT)

COVER MULCH

W/ EROSION CONTROL BLANKET

(WISDOT URBAN CLASS 1 TYPE A)

2-YEAR HWL EL. 843.59

100- YEAR HWL EL. 843.66

PROVIDE RIP RAP AT END

SECTIONS OF CULVERT PIPE (TYP.)

NATIVE SOIL

INTERFACE

36" OUTLET CONTROL STRUCTURE W/

HAALA BEEHIVE GRATE

RIM = 843.50

INV. = 840.00

CULVERT PIPE


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FILE NAME: Z:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\CONSTRUCTION DETAILS.DWGZ:\PROJECTS\2021\2507.00-WI\CAD\SHEETS\CONSTRUCTION DETAILS.DWG

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PLOT DATE: 7/16/20217/16/2021

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Dates/Revisions

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Drawing Title

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Project Name

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Additional Info

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PROPOSED OUTLOT

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C-8

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N.T.S.

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X X X X XX

X

X

X

X

X

X

X

X

X

X

X

XX

XX

X

X

XX

X

X

P

P

CURVE TABLECURVE

C1

C2

RADIUS

46.50'

1476.39'

CHORD BEARING

N36°59'55"E

S83°02'32"E

CHORD

51.67'

8.95'

ARC

54.78'

8.95'

11

14

14

BENCHMARKTOP NUT OFHYDRANTEL = 848.50

3 3

3

3

3

33

FOUND 3/4" IRON BAR WITH CAPFOUND 1" OUTSIDE DIAMETER IRON PIPESET 1" OUTSIDE DIAMETER BY 18" IRON PIPE, 1.13 POUNDS / LINEAR F00T

RECORD INFORMATION( )SET MAGNAIL

P

VALVEHYDRANT

UTILITY PEDESTALLIGHT POLE


CATCH BASIN

ELECTRIC PULL BOX

STORM SEWER MANHOLE

UNDERGROUND WATER MAINUNDERGROUND SANITARY SEWERUNDERGROUND STORM SEWER

UNDERGROUND ELECTRICUNDERGROUND GAS

FENCE

COMMUNICATIONS VAULTUNDERGROUND CABLE

CONCRETE SURFACE

ASPHALT SURFACE



SURVEYOR'S CERTIFICATE:

ALTA / NSPS LAND TITLE SURVEYLOT 4 OF CERTIFIED SURVEY MAP NO. 3002 RECORDED IN THE OFFICE OF THE REGISTER OF DEEDS FOR EAU CLAIRE COUNTY,WISCONSIN AS RECORDED AUGUST 27, 2014, IN VOLUME 17, PAGE 8 AS DOCUMENT NO. 1104217, BEING A REDIVISION OF LOT 4 OFCERTIFIED SURVEY MAP NO. 2583 IN VOLUME 14 OF CSM, PAGE 185, IN THE NORTHEAST 1/4 AND SOUTHEAST 1/4 OF THESOUTHWEST 1/4, THE SOUTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 15 AND THE NORTHWEST 1/4 OF THE NORTHEAST 1/4 OFSECTION 22, ALL BEING IN TOWNSHIP 27 NORTH, RANGE 9 WEST, IN THE CITY OF ALTOONA, EAU CLAIRE COUNTY, WISCONSIN.

LEGAL DESCRIPTIONS PER TITLE COMMITMENT:

LOT 4 OF CERTIFIED SURVEY MAP NO. 3002 RECORDED IN THE OFFICE OF THE REGISTER OFDEEDS FOR EAU CLAIRE COUNTY, WISCONSIN AS RECORDED AUGUST 27, 2014, IN VOLUME 17,PAGE 8 AS DOCUMENT NO. 1104217, BEING A REDIVISION OF LOT 4 OF CERTIFIED SURVEY MAPNO. 2583 IN VOLUME 14 OF CSM, PAGE 185, IN THE NORTHEAST 1/4 AND SOUTHEAST 1/4 OF THESOUTHWEST 1/4, THE SOUTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 15 AND THENORTHWEST 1/4 OF THE NORTHEAST 1/4 OF SECTION 22, ALL BEING IN TOWNSHIP 27 NORTH,RANGE 9 WEST, IN THE CITY OF ALTOONA, EAU CLAIRE COUNTY, WISCONSIN.

LEGEND

BEARINGS ARE REFERENCED TOTHE SOUTH LINE OF LOT 4ASSUMED TO BEAR N86°45'12"W.

VICINITY MAP

The following items were listed as exceptions on First American Title Insurance Company Title Commitment File NumberNCS-1059624-MAD dated April 01, 2021 at 7:30 a.m. Schedule B - Section 2 of the Title Commitment was used as the solesource of record encumbrances and Everyday Surveying & Engineering, LLC assumes no liability for errors or omissionstherein. Those portions of the circled items listed below are shown hereon:

1.) Not addressed by survey.2.) Not addressed by survey.3.) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the title including discrepancies, conflict in boundary lines, shortages in area, or any other facts that would be disclosed by an accurate and complete land survey of the land, and that are not shown in the Public Records. (Undergound electric, gas, lines do not have an easement specified. The underground tv line lies outside of the easement provided. Portion of sidewalk in northwest corner of surveyed parcel encroaches as shown)4.) Not addressed by survey.5.) Not addressed by survey.6.) Not addressed by survey.7.) Not addressed by survey.8.) Not addressed by survey.9.) Not addressed by survey.10.) Restrictions contained in Quit Claim Deed dated October 14, 2002 and recorded October 15, 2002 in Volume 1506 of Records, Page 836 as Document No. 848800. (Does not affect parcel)11.) Easement as noted on Certified Survey Map No. 2583:

-Forty (40) foot Utility Easement reserved by the City of Altoona (Affects parcel)-Permanent Limited Easement WDOT R/W Project 1190-00-22 (Does not affect parcel)

12.) Consent to Improvements recorded June 11, 2015, as Document No. 1115905. (Does not affect parcel)13.) Not addressed by survey.14.) Utility Easement granted to Wisconsin Bell, Inc., d/b/a AT & T Wisconsin and Charter Communications recorded June 26, 2015, as Document no. 1116767. (Affects parcel)15.) Not addressed by survey.16.) Not addressed by survey.17.) None discovered by survey.18.) Not addressed by survey.

EXCEPTIONS

NOT TO SCALE

To River Valley One, LLC, a Wisconsin limited liability company, Jelivann Waukesha LLC, and First AmericanTitle Insurance Company:

This is to certify that this map or plat and the survey on which it is based were made in accordance with the 2021Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys, jointly established and adopted byALTA and NSPS, and includes items 1, 3, 4, 5, 8, 11(a), and 11(b) of the Table A thereof. Field work wascompleted on June 18th, 2021.

Dated this ______ day of ______________________, 2021.

___________________________________________________Jeffrey C. Stockburger, Wisconsin Land Surveyor, S-2708Project Number: 21061

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SITE


1"=30'

1.) Said parcel contains 91,457 square feet or 2.10 total acres, more or less.2.) Contours were generated by a ground survey, with a contour interval of 1 foot. Site Benchmark is the top nut of a hydrant at the southeast corner of the site. NAVD 88 elevation 848.50 feet.3.) Utilities shown were based on a Diggers Hotline locate and plans obtained by Everyday Surveying & Engineering. All utilities should be field verified.

FLOOD PLAIN INFORMATIONTHIS AREA IS SHOWN AS ZONE X - AREAS DETERMINED TOBE OUTSIDE THE 0.2% ANNUAL CHANCE FLOOD PLAINPER F.E.M.A. FLOOD INSURANCE RATE MAP, MAP NUMBER55035C, PANEL 0054E,EFFECTIVE DATE: FEBRUARY 18, 2009

NOTES:


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C1

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C2

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(S73°33'49"E 231.12')

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(S10°01'10"E 179.44')

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WOODMAN DRIVE

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"PRIVATE ROAD"

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BLAZING STAR BOULEVARD

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69'

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32'

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RIVER PRAIRIE DRIVE

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WIDTH VARIES

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UNITED STATES HIGHWAY 53 ON-RAMP

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OUTLOT 1 CERTIFIED SURVEY MAP 3003 VOLUME 17 PAGE 13-16

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LOT 1

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15

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30

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0

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D

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Y

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H

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WV

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S

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E

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C

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18th

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Revision date: 6-28-21 7-01-21


MEMORANDUM








(IX) NEW BUSINESS

ITEM 6 - Discuss/consider approval of a Development Agreement for Prairie View Ridge II.

See Enclosed:

- Proposed Development Agreement

The proposed Development Agreement for Prairie View Ridge provides for the terms and conditions for

the private development of public facilities and related conditions of land subdivision. Much of the

agreement is standard development agreement terms.

Section 3, “Special Conditions” includes particular provisions unique to this development, including the

location and sizing of specific utility elements. The Agreement also includes a provision to preserve the

proposed woodland preservation “no cut” easement area throughout the development process and measures

to communicate the presence of the easement to future owners.

The Agreement includes the required parkland dedication fee which is modified from the Development

Agreement for Prairie View Ridge due to a change in the number of lots, and the planned acquisition of

two lots by the City for a future well location.

The City Attorney is working on a restrictive covenant to record with the plat to include management and

enforcement provisions of the “no cut” easement. A draft of this document will be provided as far in

advance of the meeting as possible. Final revisions may be required prior to recording.

Suggested motion: I move to approve/not approve the proposed Development Agreement and authorize

the Mayor to sign upon completion of the restrictive covenant regarding the woodland preservation,

provision of the performance guarantee, and approval of the Civil Plan.


Return to Agenda >>

Development Agreement – Prairie View Ridge II C. of Altoona & CE Lighthouse Properties, LLC

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Development Agreement for Prairie View Ridge II

By City of Altoona and CE Lighthouse Properties, LLC

THIS AGREEMENT is entered into this 26th day of August, 2021, between the City of Altoona, Wisconsin, a Wisconsin municipal corporation (“City”) and CE Lighthouse Properties, LLC (“Developer”) for the development of Prairie View Ridge II (“Project”).

WHEREAS, Developer is improving real estate within the City of Altoona for the purpose of private development; and

WHEREAS, City and Developer desire to memorialize certain agreements and permits made between the

City and Developer with respect to the Project by entering into this Agreement; and

NOW, THEREFORE, IN CONSIDERATION of the following mutual agreements and covenants, the parties hereby agree as follows:

1. Definitions. The following definitions shall be used in interpreting and applying the terms and conditions of this Agreement:

“Causes over which the Developer has no control” shall be limited to Acts of God, including floods, drought, wind, rain, snow and other natural disasters, as well as to strikes by organized laborers. “Contractor” shall mean the general/prime contractor and its subcontractors hired or retained by Developer to construct improvements under this Agreement. “DPW/CE” shall, at the sole option of the City, include either or both of the City’s Director of Public Works or Consulting Engineer. “Final Project Acceptance” shall mean the written approval by the City of a required improvement as being in substantial compliance with the requirements of this Agreement and applicable provisions of the City’s regulations pertaining thereto. Depending upon the timing of individual aspects of the Developer’s performance, there may be one or more final project acceptances under this Agreement.

“Lot Buildout” shall mean such time as when the certificate of occupancy is issued for buildings located within the Project Boundary.



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“Prairie View Ridge” shall mean the lands described in the Plat of Prairie View Ridge approved by the City of Altoona Common Council on April 21, 2020 and recorded with Eau Claire County. “Prairie View Ridge II” shall mean the lands described in the Plat of Prairie View Ridge II approved by the City of Altoona Common Council on August 26th, 2021 and recorded with Eau Claire County. “Project Boundary” shall mean the exterior bounds of the Plat of Prairie View Ridge II, and any improvements required outside of those bounds as specifically illustrated in the Civil Plan or by this Agreement. “Required Improvement” shall mean each of the required public improvements, construction of which is to be performed by the Developer under this Agreement.

2. The Developer shall, at its own expense, construct water systems, storm drainage facilities,

sanitary sewers, and street improvements including curb, sidewalks, trails, street lighting, signage, paving, landscaping, tree planting, and other improvements as specified herein. The aforementioned improvements shall be performed in strict conformity with the Altoona Municipal Code, approved Site Plan and associated conditions, applicable City of Altoona Standard Specifications, and, more specifically, requirements outlined in the Special Conditions for Subdivision Development. (Attachment A).

3. No work shall commence on the required improvements until written approval of the plans and

specifications has been obtained by the Developer from City and this Agreement has been fully executed, including the required insurance and Performance Guarantee. No work shall commence on the required improvements until the Developer, Developer’s Engineer, and DPW/Public Works Director and necessary City staff meet on the site for a pre-construction meeting.

4. The Developer shall furnish the City, prior to starting any construction work, with a certified

check or irrevocable letter of credit in a form approved by the City Attorney in the amount of One Hundred Twenty Five Percent (125%) of the estimated cost of the required improvements, as a guarantee of the performance by the Developer (the “Performance Guarantee”). The required sum of the Performance Guarantee is set forth in Attachment A to this Agreement. It is understood that the Performance Guarantee shall guarantee all costs of the required improvement specified herein together with engineering, legal, contingency, and inspection expenses. The City shall be named beneficiary of the certified check or irrevocable letter of credit, which shall be held by the City for the duration of the project in its name.

Reduction in the Performance Guarantee may be granted upon written request by the Developer

as described in Attachment A. 5. The Developer shall provide the City with plans and specifications for each of the required

improvements prepared by a Registered Professional Engineer licensed in the State of Wisconsin. The plans and specifications shall be prepared in accordance with this Agreement and will be subject to review and written approval by the DPW/Public Works Director or designee. Upon written approval, said plans and specifications shall be incorporated and made a part of this Agreement as Attachment B. No deviation from the approved plans and specifications shall be permitted unless approved in writing by the DPW/Public Works Director or designee.



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6. Prior to commencing development on the required improvements, the Developer shall submit,

for City approval, a written progress schedule indicating the proposed order of completion of the required improvements covered by this Agreement. Upon approval, said schedule and completion dates are hereby made a part of this Agreement, as Attachment C. The Developer shall periodically provide, as well as upon request, progress updates regarding the development schedule and completion dates. Upon receipt of written notice from the Developer of the existence of causes over which the Developer has no control, the City, at its discretion, may extend the completion date, and the Performance Guarantee shall be continued to cover the work performed to construct the required improvements during the extension of time. No construction (including grading) shall start until the schedule is approved.

7. The Developer shall furnish, at its own expense, all engineering services for the project, including

but not limited to:

(a) Preparation of complete plans and specifications for the required improvements by a registered Professional engineer licensed to practice in the State of Wisconsin.

(b) Submittal for approval of sewer and water extensions by the Wisconsin Department of Natural Resources and Notice of Intent (NOI), as required by Wisconsin Administrative Code.

(c) Submittal for approval of storm water facilities by the Wisconsin Department of Natural

Resources, as required by Wisconsin Administrative Code. 8. In addition, the Developer shall furnish or perform the following at its own expense, except as

otherwise specified herein:

(a) Reimbursement to the City for all costs incurred by the City or its agents to complete plan review to assure compliance with the approved plans and specifications.

(b) Full-time resident inspection by the Developers’ Engineer during all construction

activities conducted within the public right-of-way on Public Improvements. No work shall be performed within the public right-of-way unless the Developer’s inspector is present on the site. The Developer’s inspector shall keep daily inspection records, a copy of which shall be submitted to the DPW/Public Works Director upon reasonable request. The Developer’s inspector shall be a Wisconsin Professional Engineer obtained by Developer or working under the supervision of a Wisconsin Professional Engineer obtained by Developer.

(c) Upon completion of the required improvements, provision to the City of a full set of as-

built record drawings, plans and files in electronic format as well as a summary of all project costs. Said as-built record drawings, plans and files shall be submitted within 60 days of final project acceptance. The Performance Guarantee will not be released until the as-builts are received.

(d) Upon completion of the required improvements, the Developer shall provide the City

with applicable testing results showing all applicable standards have been met prior to acceptance of the required improvements by the City.



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9. The City shall not exercise direct supervision and inspection of the improvements during the

construction operations. The DPW/Public Works Director, or designated representative, may make periodic visits to the site of the required improvements and may require that certain tests be made to assure compliance with City standards and the approved plans and specifications. The City shall work with the Developer’s Engineer as the official representative of the Developer concerning engineering and construction matters.

10. The Developer agrees that the required improvements shall be completed to the highest quality

and performed in a workmanlike manner and that all materials and labor shall be in strict conformity with the approved plans and specifications and improvement standards of the City. All materials, labor and workmanship shall be subject to the inspection and approval of the City or a duly authorized representative of the City. Any material or labor rejected by the City as defective or unsuitable shall be removed and replaced with approved materials and workmanship to the satisfaction and approval of the City. Said removals and replacements shall be at the sole expense of the Developer.

11. Upon completion of all the required improvements, the DPW/Public Works Director and the

Developer’s Engineer shall make a final inspection of the improvements. Before release of the Performance Guarantee is made, the DPW/Public Works Director shall be satisfied that all work has been completed in accordance with the approved plans and specifications. The Developer’s Engineer shall submit a written statement attesting to the same prior to final project acceptance by the DPW/Public Works Director. The Developer shall be responsible for scheduling the final inspection and for receiving a written final acceptance of all the required improvements from the DPW/Public Works Director.

12. The Developer shall warrant and guarantee its own and its Contractor(s) performance as well as

all materials supplied by its Contractor(s) and all of the work furnished under this Agreement against any defect in workmanship of material for a period of one (1) year, except that all concrete work shall be warranted and guaranteed for (3) three years, following the date of final project acceptance of the required improvements by the City. Under this warranty and guarantee the Developer agrees to make repair and/or replace, as the case may be, without delay, at his own expense, any failure of any such work due to faulty materials, construction or installation or to the failure of any such equipment to successfully perform all the work put upon it within the limits of the specifications and further shall repair and/or replace, as the case may be, any damage to any part of the work caused by such failure.

13. Insurance Requirements.

(a) Developer shall assure its Contractor procures and maintains for the duration of the construction insurance against claims for injuries to persons or damages to property which may arise from or in connection with performance of the work hereunder by the Contractor, his agents, representative, employees or subcontractors.

(b) Minimum Scope of Insurance. Coverage shall be at least as broad as: Insurance Services Office commercial general

liability coverage, “occurrence” form CG 0001. Insurance Service Office form number CA 0001 covering automobile liability, code 1 “any auto” and endorsement CA 0025.



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Workers’ compensation insurance, as required in Wisconsin State Statutes, and employer’s liability insurance.

(c) Minimum Limits of Insurance. Developer shall assure its Prime Contractor maintains limits no less than general liability:

$1,000,000 combined single limit per occurrence for bodily injury, personal injury and property damage. A combination of primary and excess to meet this limit is acceptable. Automobile liability: $1,000,000 combined single limit per accident for bodily injury and property damage. Workers’ compensation and employers' liability: Workers’ compensation limits as required by Wisconsin State Statutes and employer’s liability limits of $500,000 per accident.

(d) Verification of Coverage. The Developer shall furnish the City with certificates of insurance as evidence of the

required coverages which shall name the City as an additional insured. All such insurance shall be at Developer's expense and provide for non-cancellation without thirty (30) day written notice to City and Developer. The certificates must be received and approved by the City before work commences. The City reserves the right to require, and the Developer shall furnish, complete and certified copies of all required insurance policies, as requested from the City from time to time. The City’s failure to notice or notify the Developer of any coverage deficiencies that may be apparent in the documents submitted to the City shall not relieve the Developer of responsibility to provide coverages required in this Agreement.

14. Indemnification. The Developer agrees that it shall indemnify, save and hold harmless the City, its agents and

employees of and from any and all claims, demands, actions, causes of action of whatsoever nature or character arising out of or by reason of the Developer or its Contractor’s development of the Real Estate, construction of the required improvements and performance under this Agreement. It is hereby understood and agreed that any and all employees of the Developer and its Contractor and all other persons employed by the Developer and its Contractor in the performance of services under this Agreement, shall not be considered employees of the City and that any and all claims that may or might arise under the Worker’s Compensation Act of the State of Wisconsin on behalf of said employees while so engaged shall be the sole responsibility of the Developer and its Contractor, as the case may be. Any and all claims made by any third parties as a consequence of any act or omission on the part of Developer’s or Contractor’s employees while so engaged in the performance of these services to be rendered herein by the Developer and its Contractor, shall in no way be the obligation or responsibility of the City.

15. It is understood by the Developer that all of the required improvements shall, upon final project

acceptance, become City improvements for use by and accommodation of the general public. Developer further agrees to abide by all applicable state laws related to construction of public infrastructure.

16. Attachment A, attached hereto, is incorporated into and made a part of this Agreement by

reference. (SPECIAL CONDITIONS FOR PROJECT DEVELOPMENT)



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17. Attachment B, attached hereto and incorporated herein by reference, are the approved Construction Plans and Specification documents along with any conditions of approval.

18. Attachment C, attached hereto and incorporated herein by reference, is a construction schedule

submitted by the Developer and approved by the City.

19. Miscellaneous Terms and Conditions. (a) Variances between Code and Agreement.

Should there be any discrepancies or variances between the requirements of the Altoona Municipal Code and this Agreement, this Agreement shall control to the extent of those variances.

(b) Laws of Wisconsin to Control.

This Agreement shall be governed under, and construed pursuant to, the laws of the State of Wisconsin. To the extent of any inconsistency between the language of this Agreement and that of the aforesaid applicable Wisconsin law, the language contained in this Agreement shall control and/or prevail, to the fullest extent permitted by Wisconsin law. If a court of competent jurisdiction adjudicates any provision of this Agreement to be invalid or unenforceable, the remaining provisions of this Agreement shall nevertheless continue in full force and effect. Venue for dispute resolution shall be in the Circuit Court for Eau Claire County.

(c) Integration.

Notwithstanding prior written agreements or understandings between the parties hereto pertaining to the subject matter hereof, this Agreement shall constitute the complete understanding and agreement of the parties hereto.

(d) Notices.

Notices required or deemed to be advisable under the terms of this Agreement shall be personally delivered or mailed by first class mail to the following representatives of the parties hereto:

To City: Mike Golat City Administrator 1303 Lynn Avenue Altoona, WI 54720 (715) 839-6092

To Developer: Craig Wurzer CE Lighthouse Properties, LLC 1750 Hallie Road, Suite 1 Chippewa Falls, WI 54729-6725 (715) 271-4828

(e) Assignment. Developer shall have no right, expressed or implied, to assign its rights and interest under

this Agreement, without written consent of the City, which consent may be withheld.



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(f) Binding Effect. All the covenants, conditions and obligations herein contained shall be binding upon and

inure to the benefit of the respective successors and assigns of the parties hereto to the same extent as if each successor and assign were in each case named as a party to this Agreement. This Agreement may not be changed, modified or discharged except by writing signed by both City and Developer.

(g) Waiver.

No waiver of any default by Developer hereunder shall be implied from any omission by City to take any action on account of such default if such default persists or is repeated and no express waiver shall affect any default other than the default specified in the express waiver, and then only for the time and the extent therein stated. One or more waivers of any covenant, term or condition of this Agreement by City shall not be construed as a waiver of a subsequent breach of the same covenant, term or condition.

(h) Separability.

Each and every covenant and agreement contained in this Agreement shall for all purposes be construed to be a separate and independent covenant and agreement. The breach of any covenant or agreement contained herein by either party shall in no way or manner discharge or relieve the other party from its obligation to perform each and every covenant and agreement herein.

IN WITNESS WHEREOF, the parties hereto have set their hands and seals as of the day and date first written above.

FOR: CE Lighthouse Properties, LLC

By: Craig Wurzer, Partner

FOR: City of Altoona

By: ______________________________ Brendan Pratt, Mayor



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ACKNOWLEDGMENT: Everyday Surveying and Engineering (Developer’s Engineer)

By: __________________________________

Print Name: __________________________ Title: _________________________________

Attachments: Attachment A: Special Conditions for Project Development Attachment B: Approved Construction Plans and Specifications Attachment C: Approved Construction Schedule This instrument is authored by Joshua Clements, City of Altoona.



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Attachment A: SPECIAL CONDITIONS FOR PROJECT DEVELOPMENT (1) PROJECT INFORMATION PROJECT: Prairie View Ridge II

DEVELOPER (Name): CE Lighthouse Properties, LLC (Address): 1750 Hallie Road, Suite 1 Chippewa Falls, WI 54729-6725

(Telephone): 715-271-4828 (Contact Person): Craig Wurzer ENGINEER (Name): Everyday Surveying and Engineering LLC (Address): 1818 Brackett Avenue Eau Claire, WI 54701

(Telephone): 715-831-0654 (Contact Person): Mark Erickson, P.E. CONTRACTOR (Name): Haas Sons, Inc (Address): 203 East Birch Street Thorp, WI 54771 (Telephone): 715-669-5469 (Contact Person): Steve Haas PERFORMANCE GUARANTEE Type: Letter of Credit Amount: $ 506,010 FINANCIAL INSTITUTION (Name): WNB Financial

(Address): 1160 Blazing Star Bldv Altoona, WI 54720 (Telephone): 715-598-7740 (Contact Person): Tom Seaholm



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(2) SCOPE OF WORK Items to be completed by Developer, at Developer’s expense under the terms of this Agreement and covered by the Performance Guarantee. (a) The Developer shall provide all site grading, sidewalk construction, erosion and sediment control,

potable water systems, storm drainage facilities, sanitary sewers, street improvements, trails, trees and landscaping, and other miscellaneous work in conformance with City standards and approved plans and specifications as necessary.

(b) The Developer shall pay to the City the actual cost incurred by the City for civil plan review and approval. (c) The Developer shall provide, describe, and dedicate all required easements and rights-of-way to the City

for public use including: All roadway(s), pedestrian facilities, future roadways, drainage and/or utility easements, and public outlots/parkland, should any exist. The aforementioned easements shall be shown on the final plat.

(d) The Developer shall assure that iron monuments are placed at all lot and block corners, and at all angle

points on the boundary lines. Iron monuments shall be in place after all street and landscape grading has been completed in order to preserve the lot markers for future property owners.

(e) The Developer shall be responsible for all street maintenance until streets are accepted by the City. Warning signs consistent with applicable standards shall be placed when hazards develop in streets or sidewalks / pathways to prevent travel by the public. If and when streets become impassable, such streets shall be barricaded and closed upon providing notice to the City and getting approval for such closures. The Developer shall be responsible for keeping streets within and outside the subdivision swept clean of dirt and debris that may spill or wash onto the streets from the construction operations. The Developer may request, in writing, that the City keep the streets open during winter months by plowing snow prior to final acceptance of said streets. The City may plow the streets at their sole discretion. The City shall not be responsible for repairing any damage caused by snowplow operations. Snow plowing services do not constitute final acceptance of the streets.

(f) The Developer shall be responsible for assuring sediment and erosion control best management practices are implemented during all construction activities including construction of homes. Developer shall also be responsible for the cleaning of the storm drainage facilities, storm sewers, ditches, ponds, etc., necessitated by erosion from the subdivision. The Developer’s Performance Guarantee shall cover all required maintenance costs. The Developer shall be responsible to maintain erosion control measures until all work identified in this Agreement, including the construction of homes has been completed. The Developer shall remove all sediments attributed to this development that accumulate in downstream drainage facilities prior to the final release of the Performance Guarantee. Sediments attributed to this development shall include sediment generated from building sites within and adjacent to the development that the Developer releases for clearing and construction prior to the completion of the work identified in this Agreement.

(g) The Developer and/or its Prime Contractor at their sole expense, as the case may be, shall televise all sanitary & storm sewers upon completion of construction and supply the City with the video. It is suggested that the televising be done prior to placing the final lift of asphaltic surfacing in case sections needing corrective action are discovered.



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(h) Sidewalks and Trails

Sidewalks, trails and other walkways shall be constructed in accordance with the civil plan for Prairie View Ridge to City of Altoona standard specifications, and as otherwise provided for in this agreement.

(i) The Developer shall be responsible for requests for underground utility locates for work covered under this Agreement until the City receives the as-built record drawings, plans and files for the completed work. The Developer shall notify local private utilities and direct them to contact the Developer for utility locates within the actual work limits of this Agreement. The City will continue to be responsible for locating City utilities that were accepted by the City prior to the date of this Agreement and were not modified by this Agreement. The local private utilities include cable television, electric, gas, telephone, and other local communications companies.

(j) Rock excavation, if any, shall comply with the City engineer’s standard specifications.

(k) Developer shall be responsible for and pay all costs associated with the installation of temporary traffic control signage. The City shall purchase and install the permanent street names and traffic control signs, and the Developer agrees to reimburse the City for those costs. Sign type and placement shall be determined by the City.

(l) All of the required improvements must be completed within one (1) year from the date of this Agreement.

(m) The Performance Guarantee shall remain in force until the outlined project scope detailed within this Agreement is complete in every respect.

(n) Reductions in the Performance Guarantee may be authorized and approved based on the following conditions:

1. As work progresses on installation of required improvements constructed as part of this

Agreement, the Director of Public Works, upon written request from the Developer from time to time, is authorized to recommend a reduction in the amount of Performance Guarantee as hereinafter provided. When portions of construction of the required improvements (water, sanitary sewer, street, sidewalk, greenway or other improvements) are completed by the Developer and determined acceptable by the Director of Public Works, the City Administrator for City is authorized, upon submission of lien waivers by the Developer’s Contractors, to reduce the amount of the Performance Guarantee. The amount of the Performance Guarantee may be reduced at the time all underground utilities are installed, tested, and accepted by the City.

2. The amount of the Performance Guaranty remaining shall be equal to one hundred twenty-five percent (125%) of the estimate of the Director of Public Works of costs of required improvements remaining to be completed and accepted and to insure performance against defects in workmanship and materials on work accepted. When the construction on the major components of required improvements have been substantially completed, except for work which cannot be completed because of weather conditions or other reasons which, in the judgment of the Director of Public Works are valid for non-completion, the City Administrator of City is authorized to accept a reduction in the amount of the Performance Guarantee to an amount which, in the estimate of the Director of Public Works, is sufficient to cover the work remaining to be completed for the required improvements, including performance of the one (1) year warranty and guarantee period against defects in workmanship and materials. As a further guarantee that all obligations under this Agreement for the required improvements are satisfied, the Director of Public Works shall approve, prior to the commencement of construction of the required improvements, the Contractor and subcontractors who are to be



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engaged in the construction of utilities or street improvements on the street right-of-way to be dedicated. The Common Council of City, at its option, may extend the Performance Guarantee period for additional periods not to exceed one (1) year each if deemed warranted.

(o) The Developer shall furnish the City of Altoona DPW/Public Works Director a copy of the fully signed final plat, as-built record drawings, plans and files, summary of final project costs, and stamped/signed final plans, specifications, and copies of all required agency approvals including, but not limited to, WDNR, COE, Eau Claire County, etc., prior to the first reduction of the Performance Guarantee.

Upon completion of construction of necessary streets and utilities within a newly developed subdivision, the Developer shall provide the City with the following information regarding the construction:

1. Street Construction:

(a) Total length of street constructed, in feet, listed individually by street name.

(b) Total cost of street constructed, listed individually by street name. Cost should include mobilization, traffic control, excavation, crushed aggregate, pavement, sidewalks, street markings, signing, restoration and incidentals

(c) Total length of concrete curb and gutter installed, in feet, listed individually by street name

(d) Total cost of curb and gutter installed, listed individually by street name. 2. Storm Sewer Systems:

(a) Total cost of storm sewer constructed in each individual street constructed, including catch basins.

(b) Total cost of any storm water detention structure(s) constructed

3. Water and Sanitary Sewer: (a) Total footage, size and cost of all water main constructed, listed by street name on which

installed. Also include type of water main material used.

(b) Total number, size and cost of all fire hydrants constructed

(c) Total number, size and cost of all water laterals installed. Include cost of curb stops and curb boxes. Also include type of material used for laterals.

(d) Total footage, size and cost of all sanitary sewer main constructed, listed by street name

on which installed. Also include type of sewer main material used.

(e) Total number, size and cost of all sanitary sewer services installed. Also include type of material used for services.

All of the above costs should include the Developer’s applicable engineering costs.

This information is necessary as the City is required under GASB 34 to include the cost of all infrastructure in its financial reports, including that infrastructure that was contributed by Developer.



13

(3) SPECIAL CONDITIONS Items to be completed by Developer, at Developer’s expense under the terms of this Agreement (unless specifically noted), and covered by the Performance Guarantee.

(a) The sanitary sewer from the intersection of Baumbach Way, to the first manhole south on Kyler Street,

shall be constructed of AWWA C900 pipe. The City of Altoona shall be responsible for the incremental cost above a standard PVC pipe.

(b) An 8 inch water main shall be extended from Kyler Street easterly to the right-of-way line at the common lot line between lots 51 and 52. This shall be for the purposes of connecting a future well and wellhouse to the City's distribution system.

(c) All public roadways, pedestrian facilities, utilities, and customary appurtenances shall be completed to the Project Boundary, connecting to the corresponding existing or planned facility, or terminated in a fashion approved by the City Engineer. Roadways shall be signed appropriately. Any portions of public roadways and associated public improvements as described herein not completed to the Project Boundary, the full and complete cost of design, construction and restoration, shall be the financial responsibility of the Developer, its successors and assigns, to be completed at such time that facility is continued into adjacent lands or otherwise completed at the sole discretion of the City.

The City shall hold that portion of the Performance Guarantee until such time as the public facilities are completed to the project boundary. The Developer may provide a substitute performance guarantee sufficient for remaining estimated cost of completion subject to City approval.

(d) The Developer shall construct that portion of Baumbach Way, and associated multi-use trail, sidewalk,

trees, landscape restoration and customary appurtenances, consistent with the approved Civil Plan, within parcel 201-1033-04-000 (or successor parcel with right-of-way length of approximately 32 feet incorporated into the Plat for Prairie View Ridge II). The City agrees that it is financially responsible, subject to the warranty consistent with construction of public improvements herein, for one-half of the costs for these improvements. The Developer shall provide actual construction costs with per unit figures for review and approval by the Director of Public Works prior to reimbursement by the City.

(e) All sidewalks and trails within dedicated public right-of-way, or located within easements upon private property, shall be maintained by the adjoining property owner in accordance with Altoona Municipal Code. Portions of sidewalks and trails located within lots or outlots owned by the City shall be the responsibility the City to maintain at its sole discretion.

(f) Woodland Preservation Easement:

1. Consistent with the conditions of approval of the Preliminary Plat of Prairie View Ridge II, May 13,

2021, the portions of the Project Area within former parcel 201-1033-04-000 south of Baumbach Way shall be designated a woodland preservation “no cut easement” and a Class II Woodland as defined by the City’s Woodland Preservation Ordinance, §19.15.080. Removal or damage of trees and other native vegetation in this area is prohibited. The no cut zone shall be protected consistent with the City’s Ordinance, with special note of protection procedures illustrated in §19.15.080 D. The no cut zone and the critical root zone shall be protected by securely staked temporary fencing with a minimum height of 36 inches throughout the development and construction process. Grading, compaction, and other root disturbance activities are prohibited



14

in this area. No storage or placement of any soil or construction materials, including construction wastes, shall occur within the fenced area.

2. The Developer recognizes that the City Council has directed staff to prepare an Ordinance controlling the identification and protection of exclusive preservation “no cut” areas, and that these requirements are intended to apply to the woodland preservation zone within the Project Boundary. The Developer hereby agrees to accept recording of this “no cut” easement document.

3. The Developer shall place permanent markers or posts of not less than eighteen inches in height

at all points of intersection of lot lines and the woodland preservation easement. The purpose of these markers is to indicate the presence and boundary of the easement to future property owners.

4. The Performance Guarantee shall include $2,000 per effected lot (16) to ensure performance of

this Condition. Failure to preserve the no cut easement, in whole or in part, shall result in liquidation of the guarantee associated with the lot to complete restoration. The Performance Guarantee shall be held by the City until the occupancy permit is issued for improvements upon the lot.

5. All existing wooded areas outside of the no cut easement shall be preserved to the maximum

extent practicable. Other provisions of the Woodland Preservation Easement and Performance Guarantee shall not apply to these areas.

6. Placement of survey markers shall be exempt from this provision to preserve existing trees,

provided that the minimum disturbance shall be enforced. Installation of fences consistent with Altoona Municipal Code are permitted with associated construction permit, provided tree removal or disturbance is prohibited.

(4) PARKLAND DEDICATION

(a) Pursuant to Altoona Municipal Code Chapter 18.08, the Developer shall dedicate parkland or remit fee in lieu of parkland consistent with the standards and procedures set forth in that Title, and as otherwise specifically identified and agreed to herein.

(b) The Preliminary Plat for Prairie View Ridge included 16 lots zoned R1 for single family detached dwellings within the Project Boundary. The Development Agreement associated with Prairie View Ridge included the parkland dedication calculation upon that number of dwelling units for the area defined by the Preliminary Plat. The Plat for Prairie View Ridge II replaces 16 single-family lots with 28 lots for 14 twin homes.

(c) The City and Developer have entered a separate agreement for the City to purchase two lots in the

Project area. Parkland dedication computation removes two lots from the 28, for a net total of 26 lots.

(d) The parkland dedication requirement computation memorialized in the Development Agreement for Prairie View Ridge reflected $7,214.88 dedication for the 16 lots, $450.93 per lot, per Resolution 1B-20 as prescribed in Altoona Municipal Code 18.08.025. The 2021 dedication requirement is $467.54 for each one-dwelling structure, and for each unit of a two-dwelling structure per Resolution 12C-20. This results in a dedication of $12,156.04 for 26 lots.



15

Parkland Dedication Fees – Prairie View Ridge II Unit Type Units/Bldg Number Subtotal Fee Fee Subtotal Note Single Family Detached 1 16 16 - $450.93 - $7,214.88 Fee is based upon Res. 1B-20

Twin Home (Single Attached) 2 12 26 $ 467.54 $12,156.04 Fee is based upon Res. 12C-20

$4,941.16

(e) The Developer and City agree that the fee in lieu of parkland for Prairie View Ridge II shall be $4,941.16 based upon the formula prescribed in Altoona Municipal Code 18.08.025 and confirmed with Resolution 12C-20. Payment shall be received by the City of Altoona within 90 days of the execution of this Agreement. The fee shall be deposited in the City’s segregated parkland account and utilized for acquisition or improvement of parkland consistent with Wisconsin State Statues and Altoona Municipal Code.

(5) MINIMUM ASSESSED VALUATION Left intentionally blank.

(6) PERFORMANCE GUARANTEE REQUIRED:

(A) Accepted Cost Estimate ................................................................... $ 379,208

(B) Cost Estimate x 125% ....................................................................... $ 474,010

(C) Woodland Preservation (16 lots x $2,000) ......................................... $ 32,000

(D) Total (B + C) ...................................................................................... $ 506,010

(7) SUGGESTED MOTION

I move approval of the development agreement between the City of Altoona and CE Lighthouse Properties, LLC for Prairie View Ridge II, and authorize the Mayor to sign subject to provision of the performance guarantee and final approval of the civil plan.


MEMORANDUM








(IX) NEW BUSINESS

ITEM 7 - Discuss/consider approval of the Final Plat for Prairie View Ridge II. (Discussed at the

8/17/2021 Plan Commission Meeting).

See Enclosed:

- Final Plat, Prairie View Ridge II

The Preliminary Plat for Prairie View Ridge II was conditionally approved by the City Council on May 13,

2021. As you may recall, a portion of the subject area was also rezoned from R1 to TH during that same

meeting.

The proposed Final Plat is substantially consistent with the approved preliminary plat. The Final Plat was

recommended for approval by the Plan Commission on August 17th.

Suggested motion: I move to approve/not approve the Final Plat for Prairie View Ridge II.


Return to Agenda >>

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OUTLOT 1

50' HIGHWAYSETBACK

POB

10'

PRAIRIE VIEW RIDGE II

NW-SE

SW-SE

NE-SW

SE-SW

FOUND HARRISON MONUMENT (UNLESS NOTED)FOUND 1" OUTSIDE DIAMETER IRON PIPE

SET 1" OUTSIDE DIAMETER BY 18" IRON PIPE,1.13 POUNDS / LINEAR FOOT AT ALL OTHER LOTAND OUTLOT CORNERS

SET 1 1/4" X 18" IRON BAR, 4.30 POUNDS / LINEAR FOOT

LEGEND

FOUND 2 1/2" OUTSIDE DIAMETER IRON PIPE

EXISTING 10 FOOT UTILITY EASEMENT

10'

POINT OF BEGINNINGPOB

FOUND 1 1/4" IRON BAR

EXISTING 2 FOOT PEDESTRIAN EASEMENT2'

4.5'4.5 FOOT PEDESTRIAN EASEMENT

EXISTING STORM WATER DRAINAGE & UTILITY EASEMENT

ACCESS RESTRICTION

SQUARE FEETSQ FT

10 FOOT STORM WATER DRAINAGE & UTILITY EASEMENT

10'


1818 BRACKETT AVENUEEAU CLAIRE, WI 54701

BEARINGS ARE REFERENCED TO THEEAST-WEST 1/4 LINE OF SECTION 25ASSUMED TO BEAR S89°56'43"E.

NE 1/4 OF THE SW 1/4 AND THE NW 1/4 OF THE SE1/4,SECTION 25, TOWNSHIP 27 NORTH RANGE 9 WEST

NOT TO SCALE

PRAIRIE VIEW RIDGE IIPart of the Northeast Quarter of the Southwest Quarter and all ofOutlot 3 and Outlot 4, Prairie View Ridge recorded in Volume 13of Plats on Page 93A as Document Number 1192647, located inpart of the Northwest Quarter of the Southeast Quarter, and partof the Northeast Quarter of the Southwest Quarter, Section 25,Township 27 North, Range 9 West, City of Altoona, Eau ClaireCounty, Wisconsin.

SHEET 1 OF 2

Owner:CE Lighthouse Properties, LLC1750 Hallie RoadChippewa Falls, WI 54729


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CERTIFIED SURVEY MAP 3407 VOLUME 19 PAGE 126-128

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Notes: All lands shown within this plat are subject to Eau Claire Electric Coopertative easement recorded in Volume 495 of Records Page 298 as Document #467676. The East 33 feet of the Northeast Quarter of the Southwest Quarter is subject to Eau Claire Electric Cooperative easement recorded as Document #467795. The East 1 acre of the Northeast Quarter of the Southwest Quarter is subject to Eau Claire Electric Cooperative easement recorded as Document #565995. Please refer to the covenants regarding the terms and conditions of the "No Cut Easement." 233.105(1) - NOISE NOTE The lots of this land division may experience noise at levels exceeding the levels in s.Trans 405.04, Table I. These levels are based on federal standards. The department of transportation is not responsible for abating noise from existing state trunk highways or connecting highways, in the absence of any increase by the department to the highway's through-lane capacity. 233.105(3) - DRAINAGE The owner of land that directly or indirectly discharges stormwater upon a state trunk highway or connecting highway shall submit to the department a drainage analysis and drainage plan that assures to a reasonable degree, appropriate to the circumstances, that the anticipated discharge of stormwater upon a state trunk highway or connecting highway following the development of the land is less than or equal to the discharge preceding the development and that the anticipated discharge will not endanger or harm the traveling public, downstream properties or transportation facilities. Various methods of hydrologic and hydraulic analysis consistent with sound engineering judgment and experience and suitably tailored to the extent of the possible drainage problem are acceptable. Land dividers are not required by this subsection to accept legal responsibility for unforeseen acts of nature or forces beyond their control. Nothing in this subsection relieves owners or users of land from their obligations under s. 88.87 (3) (b), Stats. 233.05 - ACCESS RESTRICTION All lots and blocks are hereby restricted so that no owner, possessor, user, licensee or other person may have any right of direct vehicular ingress from or egress to any highway lying within the right-of-way of U.S.H. 12; it is expressly intended that this restriction constitute a restriction for the benefit of the public as provided in s. 236.293, Stats., and shall be enforceable by the department or its assigns. Any access shall be allowed only by special exception. Any access allowed by special exception shall be confirmed and granted only through the driveway permitting process and all permits are revocable. 233.08 - SETBACK REQUIREMENTS No improvements or structures are allowed between the right-of-way line and the highway setback line. Improvements and structures include, but are not limited to, signs, parking areas, driveways, wells, septic systems, drainage facilities, buildings and retaining walls. It is expressly intended that this restriction is for the benefit of the public as provided in section 236.293, Wisconsin Statutes, and shall be enforceable by the Wisconsin Department of Transportation or its assigns. Contact the Wisconsin Department of Transportation for more information. The phone number may be obtained by contacting the County Highway Department.

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1818 BRACKETT AVENUEEAU CLAIRE, WI 54701

PRAIRIE VIEW RIDGE IIPart of the Northeast Quarter of the Southwest Quarter and all ofOutlot 3 and Outlot 4, Prairie View Ridge recorded in Volume 13of Plats on Page 93A as Document Number 1192647, located inpart of the Northwest Quarter of the Southeast Quarter, and partof the Northeast Quarter of the Southwest Quarter, Section 25,Township 27 North, Range 9 West, City of Altoona, Eau ClaireCounty, Wisconsin.

SHEET 2 OF 2


CORPORATE OWNER'S CERTIFICATE OF DEDICATION

CE Lighthouse Properties, LLC, a corporation organized and existing under and by virtue of the laws of theState of Wisconsin, as owners do hereby certify that said company caused the land described on this plat to besurveyed, divided, mapped and dedicated as represented on the plat. CE Lighthouse Properties, LLC does furthercertify that this plat is required by S.236.10 or 236.12 to be submitted to the following for approval or objection.

------- City of Altoona------- Department of Administration------- Department of Transportation

In witness hereof, the said CE Lighthouse Properties, LLC has caused this document to be signed by CraigWurzer it's member.

On this day of , 2021.

.Craig Wurzer, MemberCE Lighthouse Properties, LLC

State of Wisconsin

County of SS

Personally came before me, this day of , 2021. The above named Craig Wurzer. Tome known to be the persons who executed the foregoing instrument and acknowledged the same.

.Notary Public

My commission expires .

SURVEYOR'S CERTIFICATE

I, Jeffrey C. Stockburger, Professional Land Surveyor, do hereby certify that I have surveyed, divided, andmapped the plat of Prairie View Ridge II including part of the Northeast Quarter of the Southwest Quarter and allof Outlot 3 and Outlot 4, Prairie View Ridge recorded in Volume 13 of Plats on Page 93A as Document Number1192647, located in part of the Northwest Quarter of the Southeast Quarter, and part of the Northeast Quarter of theSouthwest Quarter, Section 25, Township 27 North, Range 9 West, City of Altoona, Eau Claire County, Wisconsin.Bounded by a line described as follows.

Commencing at the West Quarter Corner of said Section 25;Thence S89°56'43"E, 2636.39 feet along the East-West Quarter line of said section 25;Thence S00°08'04"W, 99.23 feet to the southerly right-of-way line of United States Highway 12 and the point ofbeginning;Thence S00°08'04"W, 420.74 feet to the northwest corner of said Outlot 4 and the North right-of-way line ofBaumbach Way;Thence N89°57'29"E, 120.00 feet to the northeast corner of said Outlot 4;Thence N89°57'29"E, 60.00 feet to the northwest corner of said Outlot 3;Thence N89°57'29"E, 120.00 feet to the northeast corner of said Outlot 3;Thence S00°08'05"W, 621.38 feet to the southeast corner of said Outlot 3;Thence N89°56'41"W, 120.00 feet the southwest corner of said Outlot 3;Thence N00°08'05"E, 621.17 feet the northwest corner of said Outlot 3;Thence S89°57'29"W, 60.00 feet to the northeast corner of said Outlot 4;Thence S00°08'05"W, 801.07 feet the southeast corner of said Outlot 4;Thence N89°56'32"W, 120.00 feet the southwest corner of said Outlot 4;Thence N89°57'04"W, 32.74 feet;Thence N00°08'04"E, 1217.41 feet to the southerly right-of-way line of United States Highway 12;Thence N82°46'07"E, 33.02 feet along said right-of-way line to the point of beginning.

Said parcel contains 210,602 square feet or 4.83 total acres, more or less.

That I have made such survey, land division and plat by the direction of CE Lighthouse Properties, LLC, ownerof said lands.

That such plat is a correct representation of all the exterior boundaries of the land surveyed and the subdivisionthereof made.That I have fully complied with the provisions of Chapter 236 of the Wisconsin Statutes and the City of AltoonaSubdivision Ordinance, in surveying, dividing and mapping the same.

On this day of , 2021.

Jeffrey C. Stockburger S-2708

COUNTY TREASURERS CERTIFICATE

State of Wisconsin

County of SS

I, Glenda Lyons, being the duly elected, qualified, and acting treasurer of the County of Eau Claire, do herebycertify that the records in my office show no unredeemed tax sales and no unpaid taxes or special assessments onany of the land included in this plat of Prairie View Ridge II.

Dated this day of , 2021.

.Glenda Lyons, County Treasurer

CITY TREASURERS CERTIFICATE

State of Wisconsin

County of SS

I, Tina Nelson, City Treasurer, being the duly qualified and acting city treasurer of the City of Altoona, dohereby certify that the records in my office show no unredeemed tax sales and no unpaid taxes or specialassessments on any of the land included in this plat of Prairie View Ridge II.

Dated this day of , 2021.

.Tina Nelson, City Treasurer

COMMON COUNCIL RESOLUTION

Resolved that the plat of Prairie View Ridge II, located in the City of Altoona is hereby approved by the City ofAltoona.

Approved this day of , 2021.

.Brendan Pratt, Mayor

I hereby certify that the foregoing is a copy of a resolution adopted by the City of Altoona.

.Cindy Bauer, City Clerk

, a corporation duly organized and existing under and by virtue of the laws of the State of ,mortgagee of the above described land, does hereby consent to the surveying, dividing, mapping and dedication of the landdescribed on this plat, and does hereby consent to the above certificate of Craig Wurzer, owner.

IN WITNESS WHEREOF, the said , has caused these presents to be signed by

, its ,

and countersigned by , its

, at , and its corporate seal to be

hereunto affixed this day of , 2021.

State of Wisconsin

County of SS

Personally came before me, this day of , 2021. The above named corporation to me known to be the

persons who executed the foregoing instrument and acknowledged the same.

.Notary Public

My commission expires .

CONSENT OF MORTGAGEE



MEMORANDUM








(IX) NEW BUSINESS

ITEM 8 - Discuss/consider approval of Ordinance 8B-21, an Ordinance amending Chapter 10.20 of

the Altoona Municipal Code “Stopping, Standing and Parking” to add a parking prohibited section

along the west side of North 10th Street West north of Spooner Avenue.

Eau Claire Transit contacted City Staff with a request to add a parking prohibition along the west side of

North 10th Street West, north of Spooner Avenue. Transit drivers have experienced difficulties in loading

and unloading passengers at the bus stop due to parked cars adjacent to Golden Acres I. The proposed

parking prohibition would extend northerly from Spooner Avenue a distance of 150 feet as can be seen in

the attached drawing.

Suggested motion: I move to approve/not approve Ordinance 8B-21, an Ordinance amending Chapter

10.20 of the Altoona Municipal Code adding parking restrictions on North 10th Street West.


Return to Agenda >>

ORDINANCE NO. 8B-21

An ordinance of the Altoona Common Council amending Chapter 10.20 of the Altoona Municipal

Code “Stopping, Standing and Parking”, more specifically Section 10.20.010 X. to add parking

restrictions on North 10th Street West.

THE COMMON COUNCIL OF THE CITY OF ALTOONA DOES HEREBY ORDAIN AS

FOLLOWS:

Section One: That Section 10.20.010 of the Altoona Municipal Code is hereby amended.

Chapter 10.20

STOPPING, STANDING AND PARKING

10.20.010 Parking prohibited where.

No vehicle shall be parked or left standing on the following streets or avenues, either day or

night:

***

X. North 10th Street West, the west side, from Spooner Avenue to a point 150 feet north

of Spooner Avenue.

Section Two: This Ordinance shall take effect and be in force from and after its passage and publication.

Dated this 26th day of August , 2021.

Brendan Pratt, Mayor

Cindy Bauer, City Clerk

Approved:

Published:

Adopted:


Eau Claire County, WI

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Ortho 6 Inch 2020 (Color)

60ft40200DISCLAIMER: This map is not guaranteed to be

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user.

Author:

Date Printed:

08/19/21 12:18 PM

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Policy 2021-08-01

Permission to Hunt Waterfowl on City-owned Parcel Near the Intersection of County Highway SS and US Highway 12 (formerly Volkman parcel)

It is the policy of the City of Altoona to allow hunting of waterfowl on the noted parcel subject to following provisions:

1. Each and every person seeking permission to hunt on the subject parcel shall be required to fill

out an application form provided by the City that includes a waiver of liability/indemnification in favor of the City of Altoona.

2. The application form will include a place to indicate up to 5 dates per season that the hunter wishes to hunt the property along with a space to document all the hunters that they anticipate will be in their hunting party on the specified date. Only one person per party may apply for a specific date. Any and all hunters anticipated to hunt on the property will need to fill out an application form.

3. Only one applicant/hunting party will be allowed to hunt the property on any specific day. If more than one hunter selects the same date to hunt on applications turned in prior to two days before the starting date of the season, hunting dates will be assigned randomly by a system determined by City staff. After the date two days before the starting date of the season, applicants will be able to select dates that have not yet been claimed on a first-come, first-served basis.

4. The form will include an acknowledgement that the applicant agrees to a background check. The City may deny an application for any reason in its sole and absolute discretion based on the background check.

5. All applicants will be required to pay a $25 application fee to cover the cost of processing the application and conducting a background check.

6. Applicants will be required to provide proof of hunting license along with their application and will be required to agree to abide by all applicable laws.

7. If a permit is issued, it must be carried at all times while applicant is hunting on the City-owned property and hunter shall produce the permit if requested by any city official or law enforcement officer.

8. Issuance of the permit does not alleviate applicant from any civil of criminal proceedings that may be filed against applicant in a court of law.

9. Applicant will be required to attest that all the information provided on the form is true and correct to the best of applicant’s knowledge.

10. The City of Altoona may revoke any permit issued at any time, for any reason, in its sole and absolute discretion.

11. If a permit is approved, it is not transferable.

City of Altoona WI

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