1
00:00:00,000 --> 00:00:02,000
You

2
00:00:30,000 --> 00:00:32,000
You

3
00:01:00,000 --> 00:01:02,000
You

4
00:01:30,000 --> 00:01:32,000
You

5
00:02:00,000 --> 00:02:02,000
You

6
00:02:30,000 --> 00:02:32,000
You

7
00:03:00,000 --> 00:03:02,000
You

8
00:03:30,000 --> 00:03:32,000
You

9
00:04:00,000 --> 00:04:02,000
You

10
00:04:30,000 --> 00:04:32,000
You

11
00:05:00,000 --> 00:05:02,000
You

12
00:05:30,000 --> 00:05:32,000
You

13
00:06:00,000 --> 00:06:02,000
You

14
00:06:30,000 --> 00:06:32,000
You

15
00:07:00,000 --> 00:07:02,000
You

16
00:07:30,000 --> 00:07:32,000
You

17
00:08:00,000 --> 00:08:02,000
You

18
00:08:30,000 --> 00:08:32,000
You

19
00:09:00,000 --> 00:09:02,000
You

20
00:09:30,000 --> 00:09:32,000
You

21
00:10:00,000 --> 00:10:02,000
You

22
00:10:30,000 --> 00:10:32,000
You

23
00:11:00,000 --> 00:11:02,000
You

24
00:11:30,000 --> 00:11:32,000
You

25
00:11:32,000 --> 00:11:34,000
You

26
00:11:34,000 --> 00:11:36,000
You

27
00:11:36,000 --> 00:11:38,000
You

28
00:11:38,000 --> 00:11:40,000
You

29
00:11:40,000 --> 00:11:42,000
You

30
00:11:42,000 --> 00:11:44,000
You

31
00:11:44,000 --> 00:11:46,000
The board meeting

32
00:11:46,000 --> 00:11:48,000
September 28th, 2026

33
00:11:48,000 --> 00:11:52,000
602 p.m.

34
00:11:52,000 --> 00:11:54,000
First item is roll call.

35
00:11:54,000 --> 00:11:56,000
He's here.

36
00:11:56,000 --> 00:11:58,000
Trustee Gage.

37
00:11:58,000 --> 00:11:59,000
Batea.

38
00:11:59,000 --> 00:12:00,000
Ventrine.

39
00:12:00,000 --> 00:12:02,000
Anastacio.

40
00:12:02,000 --> 00:12:03,000
Here.

41
00:12:03,000 --> 00:12:04,000
Pollack.

42
00:12:04,000 --> 00:12:05,000
Here.

43
00:12:05,000 --> 00:12:06,000
Caris.

44
00:12:06,000 --> 00:12:07,000
DeGroote.

45
00:12:07,000 --> 00:12:08,000
He's here.

46
00:12:08,000 --> 00:12:09,000
Trustee Yashburn is excused.

47
00:12:09,000 --> 00:12:10,000
Next item will be Pledge of Allegiance.

48
00:12:10,000 --> 00:12:11,000
Would you please join us?

49
00:12:11,000 --> 00:12:18,000
Congratulations to the flag of the United States of America.

50
00:12:18,000 --> 00:12:26,000
And to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all.

51
00:12:26,000 --> 00:12:51,000
So this evening we have a presentation by yours truly on tax increment district number five incentive designation and allocation agreement and associated budget implications.

52
00:12:51,000 --> 00:12:58,000
So it's my pleasure today to share some big news about Microsoft's investments in Mount Pleasant.

53
00:12:58,000 --> 00:13:13,000
More than three years ago, in this same room and in this very same chair, I announced that Microsoft was coming to Mount Pleasant.

54
00:13:13,000 --> 00:13:18,000
At the time, I said the benefits to the community would not be could not be overstated.

55
00:13:18,000 --> 00:13:21,000
And that's certainly proven true.

56
00:13:21,000 --> 00:13:25,000
But I could not have predicted the historic announcement that we're making today.

57
00:13:25,000 --> 00:13:30,000
Microsoft's projects have already done a lot for Racine County.

58
00:13:30,000 --> 00:13:39,000
The company has invested billions of dollars here supporting Wisconsin manufacturers, builders, hotels and restaurants.

59
00:13:39,000 --> 00:13:49,000
Its first data center has already created 550 permanent jobs and hundreds more are on the way as additional buildings are completed.

60
00:13:49,000 --> 00:13:57,000
Microsoft has invested in education and workforce development to prepare residents for careers.

61
00:13:57,000 --> 00:14:03,000
It has restored land parrot Creek in Mount Pleasant back to a beautiful area for wildlife.

62
00:14:03,000 --> 00:14:06,000
And that brings us today's big news.

63
00:14:06,000 --> 00:14:17,000
Microsoft will return its development incentives totaling $5 million a year back to the community of Mount Pleasant.

64
00:14:17,000 --> 00:14:24,000
Of that, $4.9 million a year will come back to the village of Mount Pleasant itself.

65
00:14:24,000 --> 00:14:29,000
We in the village government have heard the call for property tax relief.

66
00:14:29,000 --> 00:14:41,000
That's why the village will dedicate every dollar of this funding to reduce Mount Pleasant's portion of the property tax burden on our residents starting immediately.

67
00:14:41,000 --> 00:14:52,000
When you look to the bottom line of your tax bill in December, remember that that number would have been higher if not for this funding from Microsoft.

68
00:14:53,000 --> 00:14:59,000
That benefit will continue for years to come in the villages share of local property taxes.

69
00:14:59,000 --> 00:15:09,000
Our goal is to use this annual funding from Microsoft to keep the villages property tax rate stable or potentially lower it over time.

70
00:15:09,000 --> 00:15:21,000
In addition to this tremendous resource for the village of Mount Pleasant, Microsoft is directing $100,000 of the incentives to the Racine County Economic Development Corporation.

71
00:15:21,000 --> 00:15:29,000
RCEEDC will use that funding to support economic growth throughout Racine County.

72
00:15:29,000 --> 00:15:41,000
These payments to the village and RCEEDC will continue for as long as tax increment district number five where Microsoft's data centers are located remains in place.

73
00:15:41,000 --> 00:15:52,000
It is another way for Microsoft's projects to help residents right now even before the tax incremental district closes and creates additional property tax benefits.

74
00:15:52,000 --> 00:16:02,000
So let me close by saying thank you on behalf of all of our residents to Microsoft for returning this incentive money to the community.

75
00:16:03,000 --> 00:16:07,000
Thoughts?

76
00:16:07,000 --> 00:16:08,000
Yay.

77
00:16:08,000 --> 00:16:10,000
Wonderful news.

78
00:16:10,000 --> 00:16:28,000
Very generous of Microsoft and a great thing that we can tell the residents that even though they got the incentive, they are giving it back to us in order to keep our taxes as low as possible.

79
00:16:29,000 --> 00:16:45,000
When we talk to the residents and that's one of the top questions, what are we getting from all the all the investment in the Microsoft and this is the first of many many to come every year as Mr. President you said and this is even before we close the tip.

80
00:16:46,000 --> 00:16:47,000
That take close.

81
00:16:47,000 --> 00:16:51,000
That number I can't even imagine right now.

82
00:16:51,000 --> 00:17:11,000
So my point is thank you Microsoft again for returning for it's like a dividend to the investors of the community and many more to come and I think I like to give this for Microsoft.

83
00:17:12,000 --> 00:17:18,000
Okay.

84
00:17:18,000 --> 00:17:22,000
Mr. President, I would just echo everything that Denise and Ram just mentioned.

85
00:17:22,000 --> 00:17:30,000
You know, when we talked to we knew when we found out Microsoft was interested in coming to the area and everything was presented to us.

86
00:17:30,000 --> 00:17:33,000
We never imagined what we see today as we drive out there.

87
00:17:34,000 --> 00:17:44,000
So thank you very much to Microsoft and hopefully the citizens of Mount Pleasant also appreciate what they're doing and how this will affect their tax base.

88
00:17:44,000 --> 00:17:47,000
I'm very appreciative of this as well.

89
00:17:47,000 --> 00:18:01,000
I am hearing a lot of questions about when we'll get tax relief and so I'm hoping that Sean Ryan you're going to be preparing a press release and this message will get out so that since there's only a handful of people here in the room.

90
00:18:01,000 --> 00:18:05,000
And a lot of people may not be pulling up the recording of this meeting.

91
00:18:05,000 --> 00:18:13,000
We should try to make sure we get that good news out to all the residents so that people start understanding the whole.

92
00:18:13,000 --> 00:18:15,000
We have come full circle.

93
00:18:15,000 --> 00:18:16,000
So I think it's important.

94
00:18:16,000 --> 00:18:17,000
Thank you, Dave.

95
00:18:17,000 --> 00:18:20,000
There's a press release as we speak.

96
00:18:20,000 --> 00:18:29,000
Yeah, just to see that the ability to bring back and give back to the communities is awesome.

97
00:18:29,000 --> 00:18:33,000
I mean, all of the data center buzz that has been going on.

98
00:18:33,000 --> 00:18:43,000
It's nice to see that here's something where they're going to be in the big showing that there is a very positive impact from a data center, which I think is going to go a long way.

99
00:18:43,000 --> 00:18:45,000
Well, I have a couple thoughts on that.

100
00:18:45,000 --> 00:18:46,000
Yeah.

101
00:18:46,000 --> 00:18:52,000
And one of the questions to ask is, well, why did we give the incentive in the first place?

102
00:18:52,000 --> 00:18:57,000
And the answer to that is in order to get something, you have to give something.

103
00:18:57,000 --> 00:19:08,000
And what we were interested in getting from Microsoft was an assurance that they would build to a certain level of taxable real estate.

104
00:19:08,000 --> 00:19:21,000
We wanted to guarantee that they would build enough real estate that it would protect the taxpayers because of the additional infrastructure and whatnot that we may have had to put in.

105
00:19:21,000 --> 00:19:24,000
We wanted to be sure that the taxpayer would be protected.

106
00:19:24,000 --> 00:19:29,000
That's always our first and foremost concern.

107
00:19:29,000 --> 00:19:43,000
And then the other question and something that David just touched on is it's been popular in certain circles to bash data centers.

108
00:19:43,000 --> 00:19:49,000
And I can't speak to what goes on in other communities before or against.

109
00:19:49,000 --> 00:19:52,000
But I do know our history with Microsoft.

110
00:19:52,000 --> 00:19:59,000
And Microsoft, every step of the way, has just been a genuine corporate citizen.

111
00:19:59,000 --> 00:20:02,000
They say what they're going to do.

112
00:20:02,000 --> 00:20:06,000
They do what they say they did.

113
00:20:06,000 --> 00:20:10,000
They have this habit of under promising.

114
00:20:10,000 --> 00:20:17,000
And they have a similar habit of absolutely over producing and knocking it out of the park.

115
00:20:17,000 --> 00:20:28,000
And because of that, we couldn't be blessed with a better corporate partner.

116
00:20:28,000 --> 00:20:44,000
And for that reason, we were just doubly blessed today that Microsoft once again is over producing by giving their incentive back.

117
00:20:44,000 --> 00:20:46,000
And Dave, they were responsive.

118
00:20:46,000 --> 00:20:50,000
When there were issues of humming and noise and light, they responded.

119
00:20:50,000 --> 00:20:54,000
And so I think you should give credit on that front as well.

120
00:20:54,000 --> 00:20:58,000
They've been a great partner.

121
00:20:58,000 --> 00:21:06,000
So, where are we on the consent agenda?

122
00:21:06,000 --> 00:21:09,000
Yeah.

123
00:21:09,000 --> 00:21:11,000
Oh, public comment.

124
00:21:11,000 --> 00:21:14,000
Members of the public are welcome to provide comments.

125
00:21:14,000 --> 00:21:17,000
And any matter, please listen for the president to recognize you.

126
00:21:17,000 --> 00:21:20,000
State your name and address for the public record.

127
00:21:20,000 --> 00:21:21,000
Comments are limited to three minutes.

128
00:21:21,000 --> 00:21:24,000
Anybody in the chambers wishing to speak?

129
00:21:24,000 --> 00:21:26,000
I have nobody signed up.

130
00:21:26,000 --> 00:21:32,000
So we may close public comment and the consent agenda motion, please.

131
00:21:32,000 --> 00:21:38,000
Mr. President, I make a motion to approve the item and consent agenda as presented.

132
00:21:38,000 --> 00:21:39,000
Second.

133
00:21:39,000 --> 00:21:41,000
We have motion and a second.

134
00:21:41,000 --> 00:21:43,000
All in favor signify the same aye.

135
00:21:43,000 --> 00:21:44,000
Aye.

136
00:21:44,000 --> 00:21:45,000
Aye.

137
00:21:45,000 --> 00:21:46,000
Opposed?

138
00:21:46,000 --> 00:21:48,000
So that is approved.

139
00:21:48,000 --> 00:21:51,000
And I don't believe that we have any other business.

140
00:21:51,000 --> 00:21:53,000
One last motion.

141
00:21:53,000 --> 00:21:54,000
Motion to adjourn.

142
00:21:54,000 --> 00:21:55,000
No.

143
00:21:55,000 --> 00:21:58,000
So we have motion and a second.

144
00:21:58,000 --> 00:22:00,000
All in favor signify by saying aye.

145
00:22:00,000 --> 00:22:10,800
and we have an item seven on page two that's that's that's that's that's still

146
00:22:10,800 --> 00:22:17,160
because okay my apologies just hold I yeah okay we stand adjourned happy

147
00:22:17,160 --> 00:22:19,520
morning my

148
00:22:30,000 --> 00:22:32,060
you