PUBLIC NOTICE CITY OF TWO RIVERS ORDINANCE 25-221 Ordinance to create Chapters 2-7-16 of the Municipal Code of the City of Two Rivers, Wisconsin, Establishing a Policy for Responsible Capital Borrowing. The ordinance is intended to guide the City's long-term financial planning, maintain fiscal stability, and ensure strategic investment in public infrastructure and services. Key provisions include: • Purpose: Tie annual capital borrowing to the growth in the City's borrowing capacity, fund critical capital projects sustainably, and maintain strong financial health. • Annual Capital Borrowing Target: New debt issuance will be based on the percentage change in the City's equalized assessed property value and will guide the City Manager's budget recommendation and Council's approval. • Debt Limitations: • Total general obligation debt capped at 60% of statutory limits. • Annual debt service should not exceed 25% of the general fund operating expenditures. • At least 50% of debt principal scheduled to be retired within 10 years. • Emergency Exceptions: Limits may be exceeded by a two-thirds Council vote in case of a public emergency or time-sensitive opportunity, with a clear financial plan required. • Annual Reporting: The Director of Finance will provide a comprehensive debt analysis in the annual budget, including targets, compliance with limits, key ratios, and long-term impact forecasts. This ordinance formalizes the City's commitment to prudent financial management and sustainable capital investment. Adopted by the City Council of the City of Two Rivers, Manitowoc County, Wisconsin, on November 3, 2025. The full text of Ordinance No. 25-221 is available at City Hall, 1717 E Park Street, Two Rivers, WI 54241, or by contacting City Clerk Amanda Baryenbruch at 920-793-5526 during regular business hours. WNAXLP November 14 2025 LWIX0406308