City of Wausau Preliminary Resolution Levying Special Assessments for 2026 Street Construction Projects The following resolution was adopted by the Common Council of the City of Wausau on November 11, 2025: BE IT RESOLVED by the Common Council of the City of Wausau as follows: 1. The Common Council hereby declares its intention to exercise its police power under Section 66.0703 of the Wisconsin Statutes and Section 3.24.020 of the Wausau Municipal Code to levy special assessments upon property for special benefits conferred upon such property by improvement of the following streets under Street Construction projects to take place in 2026: Stark Street from 5th Street to 12th Street North 8th Avenue from Spruce Street to Bridge Street 2nd Street from Forest Street to Division Street Division Street from 2nd Street east to the dead end 2. The public improvement shall include the removal and replacement of bituminous concrete and/or Portland cement concrete pavement, curb and gutter, drive approaches; installation and/or replacement of sidewalk and sanitary sewer, water and storm sewer laterals where necessary. 3. The total amount assessed against the properties in the defined assessment district shall not exceed the total cost of the City's share of the improvements. The City Council determines that the improvements constitute an exercise of the police power and the assessment against each parcel shall be upon a reasonable basis. The final assessment bill will be sent to property owners upon substantial completion of the project. 4. Unless other installment plans are determined at the hereinafter stated public hearing, the assessment against any parcel shall be paid as follows: Assessments under $300: If payment is not made prior to November 1, 2027, the special assessment will be placed on the 2027 real estate tax bill and be due in full on or before January 31, 2028. There is no interest charged when paid in full. Assessments totaling less than $300 must be paid in full and do not qualify for the five-year payment schedule. Assessments totaling $300 but less than $20,000: If full payment is not made prior to November 1, 2027, assessments totaling $300 but less than $20,000 will automatically be placed on the five-year payment schedule on the 2027 real estate tax bill. Property owners may then pay their special assessment under either of two options: A. Payment in full without interest with the 2027 real estate taxes OR B. Payment of the first one-fifth of the assessment with the 2027 real estate taxes without interest. The remaining balance is paid in equal installments on the next four real estate tax bills and carries an interest charge of the borrowed fund rate plus 1% beginning February 1, 2028, on the unpaid balance. (The 2025 rate was 3.94%.) The remaining balance may be paid at any time with interest calculated through the month of payment. Assessments over $20,000: If payment is not made prior to November 1, 2027, assessments totaling $20,000 or more will automatically be placed on the ten-year payment schedule on the 2027 real estate tax bill. Property owners may then pay their special assessment under either of two options: A. Payment in full without interest with the 2027 real estate taxes OR B. Payment of the first one-tenth of the assessment with the 2027 real estate taxes without interest. The remaining balance is paid in equal installments on the next nine real estate tax bills and carries an interest charge of the borrowed fund rate plus 1% beginning February 1, 2028, on the unpaid balance. (The 2025 rate was 3.94%.) The remaining balance may be paid at any time with interest calculated through the month of payment. Real estate taxes may be paid in full or in three installments (January 31, April 30, July 31), however, the special assessments must be paid on or before January 31, 2028. No payments can be applied to real estate taxes if the special assessments are not paid. Section 74.12(11)(a), Wisconsin Statutes, specifically states if a treasurer receives a payment from a taxpayer which is not sufficient to pay all general property taxes, special assessments and special taxes due, the treasurer shall apply the payment to the amounts due, including interest and penalties, in the following order: (1) personal property taxes; (2) delinquent utility charges; (3) special charges; (4) special assessments; (5) special taxes; (6) real property taxes. 5. The Engineering Department shall prepare a report which shall consist of the preliminary plans for the proposed work, an estimate of the cost of the work, a schedule of the proposed assessments for each parcel; a copy of the report shall be filed with the City Clerk for public inspection. In accordance with Section 66.0703(7)(a), Wisconsin Statutes, notice shall be given of a public hearing on the project; the hearing shall be held by the Board of Public Works in the Council Chambers of City Hall and will be scheduled in late 2025 or early 2026. 6. The installation of said improvements shall be accomplished according to the provisions of Title 12 and Chapter 3.24 of the Wausau Municipal Code, where applicable. Approved: Doug Diny, Mayor 2026SRPHAd WNAXLP November 19 2025 LWIX0408777