Forward New Richmond Committee

Forward New Richmond Committee Meeting Agenda Wednesday, March 18, 2026 at 12:00 PM Council Chambers Page 1. CALL TO ORDER 2. ROLL CALL 3. ADOPTION OF AGENDA 4. CONSENT AGENDA a. Minutes from Date: 2-3 Minutes: Forward New Richmond Committee - 18 Feb 2026 b. Community Development Updates - FNR March 2026 4-5 Memo: Community Development Updates 5. APPROVAL OF RESOLUTION #032603 - TERMINATION OF COVENANTS a. Resolution #032603 - Termination of Covenants 6 - 64 Memo: Termination of Covenants - Business & Technical Park 6. SRF CONSULTING (ECONOMIC DEVELOPMENT) UPDATES a. Economic Development Consulting Services – SRF Consulting Group 65 - 66 Memo: Economic Development Consulting Services – SRF Consulting Group 7. GOALS AND PRIORITIES FOR 2026 a. Goals and Priorities -2026 67 Memo: Goals and Priorities for 2026 8. AGENDA TOPICS FOR FUTURE MEETINGS 9. ANNOUNCEMENTS 10. ADJOURNMENT  Forward New Richmond Committee Meeting Minutes Wednesday, February 18, 2026 at 12:00 PM Council Chambers The Forward New Richmond Committee was called to order on Wednesday, February 18, 2026, at 12:00 PM, in the Council Chambers, with the following members present: PRESENT: Ryan Shervey, Kent Elkin, Krista Paulus, Bryan Knudtson, and Mike Montello ABSENT: Aaron Sundeen, Joe Green, Liz Pizzi, and Pete Kling OTHERS Beth Thompson, Scott Soderberg, Gina Knutson PRESENT: CALL TO ORDER ROLL CALL ADOPTION OF AGENDA Mike Montello made a motion to approve the agenda as presented. Krista Paulus seconded the motion. Carried unanimously. CONSENT AGENDA Mike Montello made a motion to approve the consent agenda as presented. Ryan Shervey seconded the motion. Carried unanimously. 2026 BUSINESS RETENTION & EXPANSION PROPOSAL & RECAP OF PREVIOUS YEARS Beth Thompson provided a recap of the City’s Business Retention & Expansion (BR&E) efforts from 2023–2025, noting that outreach has reached over 75% of local businesses and established a strong baseline understanding of business needs. She then presented the proposed 2026 BR&E program, which focuses on a lighter-touch engagement approach centered on the themes Connect • Listen • Celebrate. The proposed framework includes a one-time outreach email to businesses, a short five- question pulse survey to gather feedback and track metrics, and optional business recognition opportunities such as spotlights and anniversary acknowledgments. Beth explained that this approach is intended to maintain relationships, gather measurable data, and allow businesses to choose their level of engagement. The Forward New Richmond group discussed the proposal and expressed support for the new approach, stating that the survey could be adjusted to include an anonymous option. Consensus was Forward New Richmond Committee Meeting February 18, 2026 reached for staff to proceed with the 2026 BR&E Program as proposed, with possible additions as discussed. AFFORDABLE HOUSING UPDATE AND DISCUSSION Beth Thompson provided a recap of affordable housing initiatives to date, summarizing recent efforts, progress, and ongoing priorities related to expanding housing opportunities in the community. Gina Knutson, local realtor, attended the meeting to provide an update on the "Starter Home" initiative. Gina's update included the list price, appraised value, explaination of how the process and timeline went, and deed restrictions. Considerable discussion and questions followed, and members expressed appreciation for the progress being made to advance affordable housing locally. FNR members also reflected positively on the success of the program and encouraged staff to explore opportunities for similar collaborative approaches in future affordable housing initiatives. SRF CONSULTING (ECONOMIC DEVELOPMENT) UPDATE This agenda item was moved to the end of the meeting and time did not allow for discussion. This will be brought forward to our March meeting. DOWNTOWN REVITALIZATION UPDATE AND NEXT STEPS Beth provided an update on the Regional Roundtable event held January 21 at Northwood Technical College, noting that the meeting focused on downtown revitalization efforts and how other communities are revitalizing their downtowns. Krista Paulus left the meeting at 1:20 p.m., resulting in the loss of a quorum. The remainder of the meeting proceeded as informational updates only, centered on downtown revitalization. Beth reported that downtown lighting improvements, along with other amenities, will be discussed at the City Council work session on Monday, February 23. Scott Soderberg was present and shared his perspectives from the Roundtable, highlighting items he felt were most significant. Members expressed appreciation for the updates and for the continued efforts to revitalize our downtown. AGENDA TOPICS FOR FUTURE MEETINGS For the March meeting the agenda will include updates on Economic Development - SRF Consultants and 2026 Forward New Richmond Priorities. ANNOUNCEMENTS ADJOURNMENT The meeting offically adjourned at 1:20 p.m. due to lack of a quorum. Forward New Richmond Committee Meeting February 18, 2026  MEMO Prepared for: Forward New Richmond Staff Contact: Beth Thompson Meeting: Forward New Richmond Committee - 18 Mar 2026 Subject: Community Development Updates - FNR March 2026 BACKGROUND INFORMATION: Building / Zoning Updates: January 1 - February 29, 2026 Number of Building Permits - 41 Number of New Dwelling Units - 8 Number of Inspections - 265 Residential Construction Value - $2,354,489.00 Commercial Construction Value - $936,264.00 Building Permit Fees Collected - $47,414.00 Occupancy Updates: In Feburary, the Building Inspector issued occupancy for two single-family homes. Economic Development Updates: WEDC Microgrant Program – Round 2 Judging I had the opportunity again to participate as a judge for the second round of the Microgrant Program administered through the St. Croix Valley Business Innovation Center in partnership with the Wisconsin Economic Development Corporation. This program is designed to help businesses scale their operations by providing financial assistance covering up to 90% of eligible project costs. The program is available to businesses headquartered in St. Croix, Pierce, and Polk Counties, with preference given to businesses led by underserved populations, including rural, women- owned, minority-owned, and veteran-owned enterprises. Applicants were also required to demonstrate engagement with business support resources such as SCORE, SBDC, or other entrepreneurial training programs. Round 2 introduced a new component encouraging applicants to clearly articulate their 5–10-year vision for growth, and also provided a video submission option to strengthen applications. A total of 56 applications were received and reviewed in this round, demonstrating strong entrepreneurial activity within the region. The following businesses were selected as Round 2 Microgrant recipients and could receive anywhere from $1,500 to $9,000 in grant funding.   Rising Bread, LLC  The Garage Bikes & Brews LLC  HadKins Manufacturing Solutions  3 Lakes Bookkeeping LLC  Laser Engrave It Your Way  White Pine Berry Farm  National Tactical Security, LLC  Jewelltown Roastery  Mei Mei's Cookies & Creamery LLC  Championship Culture Coach LLC  WonderWorks Theatre  Raiderstreaming This program continues to be a strong example of regional collaboration supporting small business growth and innovation within the St. Croix Valley. St. Croix EDC’s Annual Event On February 26, 2026, I attended the annual event hosted by the St. Croix Economic Development Corporation, held at Ready Randy's. This year’s event was the strongest attended to date, with 255 individuals registered. During the program, the organization recognized its 2025 award recipients for outstanding contributions to the local economy and community. Congratulations to the following honorees: Emerging Business of the Year – Rodent Barriers LLC Large Business of the Year – Krumm Exteriors, LLC Non-Profit of the Year – Operation HELP County Impact Award of the Year – Limitless Cycling, a program of River Valley Trails President’s Award – Tom Borowski These awards highlight the strength, innovation, and community commitment of businesses and organizations throughout St. Croix County. Small Business Development Grant Program St. Croix County EDC was recently awarded a $220,000 Small Business Development Grant by the WEDC. The funds will be made available to St. Croix County small businesses through four capital stack programs: Rental/Purchase Assistance Grants, Facade Improvement Grants, Capital Access Boost Grants, and the St. Croix EDC Scale Up Pitch Competition. Funds are first-come, first-served basis. City staff has sent out an email, to all small businesses within our community, with information for applying. Information can also be found here. Page 2 of 2  MEMO Prepared for: Forward New Richmond Staff Contact: Beth Thompson Meeting: Forward New Richmond Committee - 18 Mar 2026 Subject: Resolution #032603 - Termination of Covenants BACKGROUND INFORMATION: City staff is requesting consideration of a resolution to terminate the original set of covenants that apply to the Business & Technical Park. These covenants were recorded in 1988 and are now largely antiquated and outdated. Since the time these covenants were established, the City of New Richmond has significantly updated and strengthened its zoning and subdivision ordinances. Staff believes the City's current ordinances adequately address development standards, land use, and property maintenance within the Business & Technical Park, making the original covenants unnecessary. In 2019, the City initiated an effort to terminate all sets of covenants within the Business & Technical Park. During that process, two of the three covenant areas were successfully terminated. However, the City was unable to gather the required number of signatures needed to terminate the original covenant area at that time. At the October, 2025 Plan Commission meeting, members requested that City staff revisit the effort to terminate the remaining covenants. Staff subsequently contacted property owners within the affected area and was able to obtain the required approvals. The covenants require signatures representing at least 75% of the lots and not less than 60% of the collective property owners within the Business & Technical Park to authorize termination. Staff has successfully obtained the necessary approvals to meet these requirements. Per the covenant provisions, termination must be authorized through the adoption of a resolution by the City. Staff is therefore requesting that the FNR Committee recommend approval of the attached resolution to terminate the covenants. Following FNR consideration, the resolution will be forwarded to the City Council for final approval. Once approved, the termination document will be recorded with the county. For reference, the following documents are attached: • Original 1988 Covenants • Resolution to Terminate Covenants • Covenant Termination Document to be Recorded RECOMMENDATION: Staff recommends that the FNR Committee recommend approval of the resolution terminating the 1988 Business & Technical Park covenants and forward the item to the City Council for final consideration. ATTACHMENTS: RESOLUTION NO. 032603 Termination of Covenants Covenants_B&T Park Phase 1_ 1988-12-09_active 2026 Termination of Covenants BTP#1_Combined_UPDATED Page 2 of 59  RESOLUTION NO. 032603 A RESOLUTION APPROVING THE TERMINATION OF PROTECTIVE COVENANTS WHEREAS, the City of New Richmond Industrial Development Commission Protective Covenants was recorded on December 19, 1983 in the office of the St. Croix County Register of Deeds in Book 829, Page 568, as Document No. 443938; First Amendment to the Declaration of Protective Covenants recorded November 2, 1989, in Vol. 855, Page 554, as Document No. 453168; Second Amendment to Protective Covenants recorded November 2, 2006, as Document No. 837975; Third Amendment to Protective Covenants, recorded November 2, 2006, as Document No. 837976 (collectively the “Covenants”) against real property located in the City limits; and WHEREAS, the Covenants are no longer required pursuant to any regulatory requirement and the Owners and the City now desire to terminate the Covenants; and WHEREAS, Section E-2 of the Covenants provides the Covenants may be terminated upon consent of the owners of 75% of the lots and not less than 60% of the collective property owners, and upon resolution duly passed by the Industrial Commission (n/k/a Forward New Richmond) and approved by the City’s Common Council; and WHEREAS, Forward New Richmond has reviewed the request for termination of the Covenants and has determined the termination of the Covenants is appropriate and acceptable. NOW, THEREFORE, BE IT RESOLVED by Forward New Richmond that it approves the termination of the Covenants and recommends approval of the same by the Common Council. Adopted this ______day of ______________, 2026. ___________________________________ Chair of Forward New Richmond APPROVAL BY COMMON COUNCIL: The undersigned hereby certify the Common Council reviewed and approved the foregoing Resolution of Forward New Richmond at a duly held council meeting at which a quorum was present. James Zajkowski, Mayor Michelle Scanlan, City Clerk Page 3 of 59 aJMoTNY: L "-4 Page 4 of 59 Page 5 of 59 Page 6 of 59 Page 7 of 59 Page 8 of 59 Page 9 of 59 Page 10 of 59  mmu Page 11 of 59  m Page 12 of 59 Page 13 of 59 Page 14 of 59  mmu Page 15 of 59 Page 16 of 59 Page 17 of 59 Page 18 of 59 Page 19 of 59  r4 8 Page 20 of 59 Page 21 of 59 Page 22 of 59  Aww Page 23 of 59 Page 24 of 59 Page 25 of 59 Page 26 of 59 Page 27 of 59 Page 28 of 59 Page 29 of 59 Page 30 of 59 Page 31 of 59 Page 32 of 59  TERMINATION OF PROTECTIVE COVENANTS Document Number Lots 1 through 27 inclusive, New Richmond Business and Technical Park, City of New Richmond, St. Croix County, Wisconsin PIDS: Return to: Eckberg Lammers, P.C. 261-1232-10-100 430 Second Street 261-1232-20-000 Hudson, WI 54016 261-1232-30-000 261-1232-40-100 261-1232-50-000 261-1232-70-000 261-1070-46-275 261-1233-20-000 Part of 261-1233-30-100 261-1233-50-000 261-1233-55-000 261-1233-65-000 261-1233-60-000 261-1233-70-000 261-1233-80-050 261-1233-90-100 261-1233-90-501 261-1233-90-700 261-1233-90-400 261-1234-30-000 261-1234-40-300 261-1234-50-150 261-1234-40-400 261-1234-40-070 261-1234-60-050 261-1234-70-050 261-1234-80-050 Page 33 of 59  TERMINATION OF PROTECTIVE COVENANTS THIS TERMINATION OF PROTECTIVE COVENANTS (this “Termination”) is made by the property owners (“Owners”) and New Richmond Common Council (“City”) effective as of _____________________, 2026 (the “Effective Date”). RECITALS WHEREAS, the City of New Richmond Industrial Development Commission Protective Covenants was recorded on December 19, 1983 in the office of the St. Croix County Register of Deeds in Book 829, Page 568, as Document No. 443938; First Amendment to the Declaration of Protective Covenants recorded November 2, 1989, in Vol. 855, Page 554, as Document No. 453168; Second Amendment to Protective Covenants recorded November 2, 2006, as Document No. 837975; Third Amendment to Protective Covenants, recorded November 2, 2006, as Document No. 837976 (collectively the “Covenants”) against the real property legally described on the attached Exhibit A (the “Property”); and WHEREAS, the Covenants are no longer required pursuant to any regulatory requirement; and WHEREAS, the Owners and the City now desire to terminate the Covenants; and WHEREAS, Section E-2 of the Covenants provides the Covenants may be terminated upon consent of the owners of 75% of the lots and not less than 60% of the collective property owners, and upon resolution duly passed by the Industrial Commission (n/k/a Forward New Richmond) and approved by the City’s Common Council. NOW, THEREFORE, the Owners and the City, in consideration of the foregoing, do hereby declare: 1. Recitals. The above-stated recitals are true and correct and incorporated herein. 2. Resolution by Forward New Richmond and approved by City. Forward New Richmond duly passed and the City’s Common Council approved the resolution attached as Exhibit B. 3. Termination. The Covenants and all of the terms, conditions, and provisions as set forth therein are hereby terminated, released, and discharged in their entirety; shall have no further force or effect on and after the Effective Date; and no longer burden or encumber title to the Property. [Signature page follows.] Page 34 of 59  IN WITNESS WHEREOF, the undersigned, constituting the requisite percentage of the Owners, and the authorized representatives of the City, have executed this Termination effective as of the Effective Date set forth above. CITY: James Zajkowski, Mayor Michelle Scanlan, City Clerk STATE OF WISCONSIN ) ) ss. COUNTY OF ST. CROIX ) The foregoing instrument was acknowledged before me this ___ day of ________________, 2026, by James Zajkowski and Michelle Scanlan, the Mayor and City Clerk, respectively, on behalf of the City. _________________________________ Notary Public My commission expires: _____________ Page 35 of 59 Page 36 of 59 Page 37 of 59 Page 38 of 59 Page 39 of 59 Page 40 of 59 Page 41 of 59 Page 42 of 59 Page 43 of 59  OWNER: PJP Properties 524 St. Croix Avenue and 457 St. Croix Avenue 261123470050 261123365000 By: r' STATE OF WISCONSIN ) ) ss. COUNTY OF ST. CROIX ) egoing instrument me this J3 day of � , 2026, by (name), the � _ (name of entity), on behalf of said company. �/ My commission expires: ef ";1/) ./;i..{) � Y Document Drafted By: Nicholas J. Vivian Eckberg Lammers, P.C. 430 Second Street Hudson, WI 54016 Page 44 of 59 Page 45 of 59  OWNER: Northwood Technical College 261123380050 STATE OF WISCONSIN ) ) ss. COUNTY OF ST. CROIX ) The foregoing instrument was acknowledged before me this J..:3.. day of �Uf W\bfAL 2025, by -Sc::itn,) lW\L-k (name), the _pg.J.S�-==\.....,C} C....1-'--------- (title) of µOVktvX;6Q fUt\>J\CAL- CC>U.fl1�(name of f.-'-'·i-J .......,.. entity), on behalf of said company. � & c� Notary Public (:\(I.L�£.,, CARA GREENE My commission expires: '5/ 5/2,01.,C, Notary Public State of Wisconsin Document Drafted By: Nicholas J. Vivian Eckberg Lammers, P.C. 430 Second Street Hudson, WI 54016 Page 46 of 59 Page 47 of 59 Page 48 of 59 Page 49 of 59 Page 50 of 59 Page 51 of 59 Page 52 of 59 Page 53 of 59  EXHIBIT A LEGAL DESCRIPTION PID: 261-1232-10-100 Lot 1 and the East 45 feet of Lot 4, Plat of New Richmond Business and Technical Park in the City of New Richmond, St. Croix County, Wisconsin EXCEPT the following parcels: 1. That part of Lot 1 of the Plat of New Richmond Business and Technical Park, being a part of the Northeast Quarter of the Northeast Quarter (NE1/4 of the NE1/4) of Section 10, Township 30 North, Range 18 West, City of New Richmond, St. Croix County, Wisconsin more fully described as follows: Commencing at the northeast corner of said Section 10; thence S00°14’03”E along the east line of the NE1/4 of said Section 10, a distance of 1319.69 feet; then N89°47’24”W, 195.27 feet to a point on the south line of said Lot 1, also being the west right-of-way line of S.T.H. 65 and the point of beginning of this description; thence continuing Westerly along said south line, a distance of 335.54 feet more or less to the southwest corner of said Lot 1; thence Northerly along said west line of said Lot 1, a distance of 33.00 feet; thence Easterly, parallel with the southerly line of said Lot 1 to the west line of S.T.H. 65; thence Southerly, 33.00 feet to the point of beginning; 2. The South 33 feet of said Lot 1 and the South 33 feet of said Lot 4; 3. Lands previously conveyed for highway purposes in Highway Project No. 1540-03-21 in Vol. 1626 of Rec. pg. 216, as Doc. No. 643798. PID: 261-1232-20-000 Lot 2, Plat of New Richmond Business and Technical Park in the City of New Richmond, St. Croix County, Wisconsin, EXCEPT lands conveyed for highway purposes in Vol. 1568 of Rec., pg. 32, as Doc. No. 635394. PID: 261-1232-30-000 Lot 3, Plat of New Richmond Business and Technical Park in the City of New Richmond, St. Croix County, Wisconsin. PID: 261-1232-40-000 Lot 4, Plat of New Richmond Business and Technical Park in the City of New Richmond, EXCEPT the East 45 feet and EXCEPT the South 33 feet. PID: 261-1232-50-000 Lot 5 and Lot 6, Plat of New Richmond Business and Technical Park in the City of New Richmond, St. Croix County, Wisconsin. PID: 261-1232-70-000 Lot 7 and Lot 8, Plat of New Richmond Business and Technical Park in the City of New Richmond, St. Croix County, Wisconsin. Page 54 of 59 PID: 261-1070-46-275 Lot 27 of Certified Survey Map filed July 12, 2019, in Vol. 29 of C.S.M., pg. 6661, as Doc. No. 1084561 located in the NW1/4 of the NE1/4, in the SW1/4 of the NE1/4, in the SE1/4 of the NW1/4 and in the NE1/4 of the NW1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being Lot 25 of Certified Survey Map Volume 29, Page 6507, Document Number 1066014. PID: 261-1233-20-000 Lot 11, Plat of New Richmond Business and Technical Park in the City of New Richmond, St. Croix County, Wisconsin. Part of 261-1233-30-100 Lot 2 of Certified Survey Map filed November 30, 2017, in Vol. 28 of C.S.M., pg. 6423, as Doc. No. 1058014 located in the NE1/4 of the NW1/4 and the NW1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being all of Lot 1, Certified Survey Map Volume 26, Page 6070. PID: 261-1233-50-000 Lot 141 of Certified Survey Map filed November 27, 1995, in Vol. 11 of C.S.M., pg. 3009, as Doc. No. 536669 located in the NW1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being Lot 14, Plat of New Richmond Business and Technical Park. PID: 261-1233-55-000 Lot 142 of Certified Survey Map filed November 27, 1995, in Vol. 11 of C.S.M., pg. 3009, as Doc. No. 536669 located in the NW1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being Lot 14, Plat of New Richmond Business and Technical Park. PID: 261-1233-65-000 Lot 28 of Certified Survey Map filed September 21, 1994, in Vol. 10 of C.S.M., pg. 2818, as Doc. No. 521596 located in the NW1/4 of the NE1/4 and the NE1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being Lot 15, Plat of New Richmond Business and Technical Park. PID: 261-1233-60-000 Lot 29 of Certified Survey Map filed September 21, 1994, in Vol. 10 of C.S.M., pg. 2818, as Doc. No. 521596 located in the NW1/4 of the NE1/4 and the NE1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being Lot 15, Plat of New Richmond Business and Technical Park. PID: 261-1233-70-000 Lot 16, Plat of New Richmond New Richmond Business and Technical Park in the City of New Richmond, St. Croix County, Wisconsin. Page 55 of 59 PID: 261-1233-80-050 Lot 1 of Certified Survey Map filed October 31, 2022, in Vol. 32 of C.S.M., pg. 7196, as Doc. No. 1160619 located in the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being Lot 17 EXCEPT the East 35 feet and ALL of Lot 20, Plat of New Richmond New Richmond Business and Technical Park. PID: 261-1233-90-100 Lot 1 of Certified Survey Map filed March 15, 2006, in Vol. 20 of C.S.M., pg. 5174, as Doc. No. 820704 located in part of the NE1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being part of Lot 18, Plat of New Richmond New Richmond Business and Technical Park. PID: 261-1233-90-501 Lot 2 of Certified Survey Map filed March 15, 2006, in Vol. 20 of C.S.M., pg. 5174, as Doc. No. 820704 located in part of the NE1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being part of Lot 18 and part of Lot 19, Plat of New Richmond New Richmond Business and Technical Park. PID: 261-1233-90-700 Lot 3 of Certified Survey Map filed March 15, 2006, in Vol. 20 of C.S.M., pg. 5174, as Doc. No. 820704 located in part of the NE1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being part of Lot 19, Plat of New Richmond New Richmond Business and Technical Park. PID: 261-1233-90-400 Lot 4 of Certified Survey Map filed March 15, 2006, in Vol. 20 of C.S.M., pg. 5174, as Doc. No. 820704 located in part of the NE1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being Lot 19, Lot 18 and the East 35 feet of Lot 17, Plat of New Richmond New Richmond Business and Technical Park. PID: 261-1234-30-000 Lot 21 of Certified Survey Map filed September 27, 1999, in Vol. 13 of C.S.M., pg. 3728, as Doc. No. 611053 located in part of the NW1/4 of the NE1/4 and part of the NE1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being Lots 21, 22 and 23, Plat of New Richmond New Richmond Business and Technical Park. PID: 261-1234-40-300 Lot 3 of Certified Survey Map filed February 20, 2019, in Vol. 29 of C.S.M., pg. 6617, as Doc. No. 1078014 located in the NW1/4 of the NE1/4 and the NE1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being Lot 1 of Certified Survey Map Volume 26, Page 5970, Document Number 986689. PID: 261-1234-40-400 Lot 4 of Certified Survey Map filed February 20, 2019, in Vol. 29 of C.S.M., pg. 6617, as Doc. No. 1078014 located in the NW1/4 of the NE1/4 and the NE1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being Lot 1 of Certified Survey Map Volume 26, Page 5970, Document Number 986689. Page 56 of 59 PID: 261-1234-50-150 Lot 28 of Certified Survey Map filed September 22, 2003, in Vol. 17 of C.S.M., pg. 4615, as Doc. No. 740775 located in part of the NW1/4 of the NE1/4 and part of the NE1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being Lot 23 of Certified Survey Map Volume 13, Page 3728; AND Part of Lot 22, Plat of New Richmond Business and Technical Park now being Lot 22 of Certified Survey Map filed September 27, 1999, in Vol. 13, pg. 3728, as Doc. No. 611053, described as follows: Commencing at the Southwest corner of said Lot 22, thence North 43.2 feet along the west line of Lot 22, thence East 168.1 feet; thence South 21.6 feet to the South line of Lot 22; thence Westerly along the south line of Lot 22 to the point of beginning. PID: 261-1234-40-070 Lot 2 of Certified Survey Map filed September 27, 2013, in Vol. 26 of C.S.M., pg. 5970, as Doc. No. 986689 located in part of the NW1/4 of the NE1/4 and part of the NE1/4 of the NE1/4 of Section 10, T30N, R18W, City of New Richmond, St. Croix County, Wisconsin; being part of Lot 22 of Certified Survey Map Volume 13, Page 3728, and all of Lot 29 of Certified Survey Map Volume 17, Page 4615. PID: 261-1234-60-050 Lot 24 and the South 43.18 feet of Lot 25 of the Plat of New Richmond Business and Technical Park in the City of New Richmond, St. Croix County, Wisconsin; AND Lot 27 of Certified Survey Map filed on September 27, 1999, in Vol. 13, of C.S.M., pg. 3729, as Doc. No. 611054 and the South 93.18 feet of Lot 26 of said Certified Survey Map; being all of Lot 27 and part of Lot 26 of Plat of New Richmond Business and Technical Park in the City of New Richmond, St. Croix County, Wisconsin. PID: 261-1234-70-050 Lot 25 of the Plat of New Richmond Business and Technical Park EXCEPT the South 43.18 feet, City of New Richmond, St. Croix County, Wisconsin. PID: 261-1234-80-050 Lot 26 of Certified Survey Map filed September 27, 1999, in Vol. 13, of C.S.M., pg. 3729, as Doc. No. 611054 EXCEPT the South 93.18 feet thereof located in part of the NW1/4 of the NE1/4 of Section 10, T30N, R18W; being Lots 26 and 27 of the plat of New Richmond Business and Technical Park in the City of New Richmond, St. Croix County, Wisconsin. Page 57 of 59  EXHIBIT B RESOLUTION See attached. Page 58 of 59  RESOLUTION NO. _______________ A RESOLUTION APPROVING THE TERMINATION OF PROTECTIVE COVENANTS WHEREAS, the City of New Richmond Industrial Development Commission Protective Covenants was recorded on December 19, 1983 in the office of the St. Croix County Register of Deeds in Book 829, Page 568, as Document No. 443938; First Amendment to the Declaration of Protective Covenants recorded November 2, 1989, in Vol. 855, Page 554, as Document No. 453168; Second Amendment to Protective Covenants recorded November 2, 2006, as Document No. 837975; Third Amendment to Protective Covenants, recorded November 2, 2006, as Document No. 837976 (collectively the “Covenants”) against real property located in the City limits; and WHEREAS, the Covenants are no longer required pursuant to any regulatory requirement and the Owners and the City now desire to terminate the Covenants; and WHEREAS, Section E-2 of the Covenants provides the Covenants may be terminated upon consent of the owners of 75% of the lots and not less than 60% of the collective property owners, and upon resolution duly passed by the Industrial Commission (n/k/a Forward New Richmond) and approved by the City’s Common Council; and WHEREAS, Forward New Richmond has reviewed the request for termination of the Covenants and has determined the termination of the Covenants is appropriate and acceptable. NOW, THEREFORE, BE IT RESOLVED by Forward New Richmond that it approves the termination of the Covenants and recommends approval of the same by the Common Council. Adopted this ______day of ______________, 2026. ___________________________________ Chair of Forward New Richmond APPROVAL BY COMMON COUNCIL: The undersigned hereby certify the Common Council reviewed and approved the foregoing Resolution of Forward New Richmond at a duly held council meeting at which a quorum was present. James Zajkowski, Mayor Michelle Scanlan, City Clerk Page 59 of 59  MEMO Prepared for: Forward New Richmond Staff Contact: Beth Thompson Meeting: Forward New Richmond Committee - 18 Mar 2026 Subject: Economic Development Consulting Services – SRF Consulting Group BACKGROUND INFORMATION: I would like to provide the FNR committee with an update on the Consulting Services for Economic Development that were approved by City Council at the October 2025 meeting and then the work plan and budget approval at their January 2026 meeting. As a brief review in October, the City Council approved the engagement of SRF Consulting Group to provide economic development consulting services focused on industrial and economic development. Following that approval, City staff has worked closely with SRF to further refine project goals, priorities, and a longer-term partnership that reflects the City’s needs. As part of those discussions, City staff requested a broader economic development focus not just limited to industrial development. SRF has prepared a three-year, phased scope of services consisting of three phases: discovery, planning, and promotion. While the outline looks ahead three years, staff only requested approval of the services for the first year. Proposed Approach The proposed framework is organized into three phases:  Year 1 (2026) – Discover  Year 2 (2027) – Plan (future consideration)  Year 3 (2028) – Promote (future consideration) The intent of this structure is to allow the City to:  Make data-driven decisions,  Evaluate progress annually, and  Retain full discretion to modify, amend, or discontinue services at the end of each year. A proposed scope of services for future years will be considered by the City Council again in 2027 and 2028, based on City priorities and available funding. The proposed scope of services for 2026, included consists of the following: 1. Community Economic and Commodity Market Assessment o Evaluation of New Richmond’s commercial and industrial land, workforce conditions, industry trends, and regional competitiveness.  o Includes a commodity flow analysis to better understand supply chains and market opportunities. 2. Targeted Business & Stakeholder Engagement o Structured engagement with key business, transportation, education, and development stakeholders to identify assets, challenges, and opportunities. 3. Review of Local Ordinances Affecting Development o Review of zoning, subdivision, and related ordinances impacting business and industrial development, with recommendations for improvement. 4. Project Management and Monthly Progress Meetings o Ongoing coordination and communication with City staff throughout the year. SRF and City staff have started working on the three priorities above and I will give updates throughout the 2026 year. Page 2 of 2  MEMO Prepared for: Forward New Richmond Staff Contact: Beth Thompson Meeting: Forward New Richmond Committee - 16 Oct 2024 Subject: Goals and Priorities -2026 BACKGROUND INFORMATION: During the final quarter of 2024, Forward New Richmond committee members discussed goals and priorities for 2025. Following that discussion, City staff distributed a survey to committee members to help identify priority areas for the upcoming year. The survey results identified the following priorities, with #1 representing the highest priority: 1. Affordable Housing 2. New Industrial Park 3. Downtown Revitalization 4. Business Retention and Expansion 5. Entrepreneurship / Start-Up Business Support 6. Small Business Support Strategies 7. Enhance Economic Development Marketing 8. Workforce Development Strategies 9. Public Transportation Throughout 2025, the FNR Committee and City staff have made progress on several of these priorities. Efforts have primarily focused on Affordable Housing initiatives, Business Retention and Expansion, Economic Development activities with SRF consultants, and initial steps toward Downtown Revitalization efforts. As the committee looks ahead to 2026, this may be an appropriate time to revisit the previously identified priorities and discuss next steps. Options for consideration may include: • Continuing to advance existing priority initiatives • Identifying new focus areas for 2026 • Conducting a follow-up survey of committee members to reassess priorities • Developing specific action items or measurable goals for the coming year RECOMMENDATION: Staff is seeking direction from the committee on how members would like to proceed in establishing priorities and initiatives for 2026.