Mukwonago plans to borrow $2.26 million for library renovation, staff to confirm donation timing

Village finance staff told trustees the library renovation was split into two phases and borrowing will be split between 2027 and 2028, following a recommendation from the librarys advisor. The village plans to borrow $2,262,000 of an estimated $3,600,000 project and expects grants and donations to cover the remainder.

"The village has said they're gonna borrow 2,262,000 of the total project costs. Of the 3,600,000," Kelly Groff said, and she asked trustees to confirm whether donation receipts can be scheduled across the two years to reduce near-term borrowing. Board members asked staff to report back on the timing of pledged donations and any grant conditions before the board finalizes the borrowing plan.

Trustees noted the project schedule extends into early 2028 and that timing of donations and grant awards could materially change how much the village needs to borrow in 2027. Staff agreed to update the board when donation and grant timing is confirmed.