NEW ISSUES: FULL BOOK-ENTRY Standard & Poor’s “A” In the opinion of Quarles & Brady LLP, Bond Counsel, assuming continued compliance with the requirements of the Internal Revenue Code of 1986, as amended (the “Code”), under existing law interest on the Obligations is excludable from gross income and is not an item of tax preference for federal income tax purposes. The interest on the Obligations is not exempt from present Wisconsin income or franchise taxes. See “LEGAL MATTERS – Tax Exemption” and “Form of Legal Opinion” for the Obligations herein. The Obligations will be designated by the Village as “qualified tax-exempt obligations” for purposes of Section 265(b)(3) of the Code. OFFICIAL STATEMENT Village of Kohler Sheboygan County, Wisconsin $1,365,000 $3,365,000 General Obligation Promissory Notes, General Obligation Corporate Purpose Bonds, Series 2013A Series 2013B Dated: Date of Delivery Delivery: On or about August 28, 2013 The $1,365,000 General Obligation Promissory Notes, Series 2013A (the “Notes”) are being issued by the Village of Kohler, Wisconsin (the “Village”) pursuant to Wisconsin Statutes, Section 67.12(12). The Notes will be issued to provide financing for capital projects, the refunding of certain obligations of the Village, and to pay the costs of issuing the Notes. The $3,365,000 General Obligation Corporate Purpose Bonds, Series 2013B (the “Bonds”) are being issued by the Village pursuant to Chapter 67 of the Wisconsin Statutes. The Bonds will be issued to provide financing for capital projects, the refunding of certain obligations of the Village, and to pay the costs of issuing the Bonds. The Notes and the Bonds (collectively, the “Obligations”), will be issued as fully registered obligations without coupons and, when issued, will be registered in the name of CEDE & Co., as nominee of The Depository Trust Company (the “Depository” or “DTC”). The Depository will act as securities depository of the Obligations. Individual purchases may be made in book- entry form only, in the principal amount of $5,000 and integral multiples thereof. Purchasers will not receive certificates representing their interest in the Obligations purchased. (See “Book-Entry-Only System” herein.) The Obligations will be general obligations of the Village for which its full faith and credit and unlimited taxing powers are pledged. Principal, payable on June 1 as set forth on the following page, and interest on the Obligations, payable semiannually on each June 1 and December 1 commencing June 1, 2014, will be paid to the Depository, which will in turn remit such principal and interest to its participants for subsequent disbursement to the beneficial owners of the Obligations. See “Book-Entry-Only System” herein. U.S. Bank National Association, St. Paul, Minnesota will act as Paying Agent and Registrar for the Obligations. The Notes are not subject to prior optional redemption. The Bonds are subject to prior redemption at the option of the Village on June 1, 2023 and any date thereafter at a price of par plus accrued interest. SEE INSIDE COVER PAGE FOR MATURITY AND PRICING SCHEDULE, AND CUSIP NUMBERS Bank Qualified: The Obligations are designated as “qualified tax-exempt obligations.” Legal Opinion: Quarles & Brady LLP, Milwaukee, Wisconsin Financial Advisor: Public Financial Management, Inc., Milwaukee, Wisconsin The date of this Official Statement is August 12, 2013. (THIS COVER PAGE CONTAINS CERTAIN INFORMATION FOR QUICK REFERENCE ONLY. IT IS NOT A SUMMARY OF THESE ISSUES. INVESTORS MUST READ THE ENTIRE OFFICIAL STATEMENT TO OBTAIN INFORMATION ESSENTIAL TO THE MAKING OF AN INFORMED INVESTMENT DECISION.) The Notes The Bonds Bankers’ Bank Bernardi Securities, Inc. Maturity, Pricing Schedule, and CUSIP Numbers Village of Kohler Sheboygan County, Wisconsin $1,365,000 General Obligation Promissory Notes, Series 2013A June 1 Year Amount Rate Yield CUSIP 2015 $ 80,000 0.60% 0.60% 500244CM8 2016 80,000 0.80% 0.80% 500244CN6 2017 80,000 1.00% 1.00% 500244CP1 2018 80,000 1.30% 1.30% 500244CQ9 2019 85,000 1.60% 1.60% 500244CR7 2020 190,000 1.90% 1.90% 500244CS5 2021 250,000 2.20% 2.20% 500244CT3 2022 255,000 2.40% 2.40% 500244CU0 2023 265,000 2.60% 2.60% 500244CV8 $3,365,000 General Obligation Corporate Purpose Bonds, Series 2013B June 1 Year Amount Rate Yield CUSIP 2024 $ 280,000 3.50% 3.00% 500244CW6 2025 290,000 3.50% 3.10% 500244CX4 2026 300,000 3.50% 3.35% 500244CY2 2027 315,000 3.50% 3.50% 500244CZ9 2028 325,000 3.65% 3.65% 500244DA3 2029 340,000 3.80% 3.80% 500244DB1 2030 355,000 3.90% 3.90% 500244DC9 2031 370,000 4.00% 4.00% 500244DD7 2032 385,000 4.10% 4.10% 500244DE5 2033 405,000 4.20% 4.20% 500244DF2 i No dealer, broker, sales representative or other person has been authorized by the Village, the Financial Advisor or the Underwriters to give any information or to make any representations other than those contained in this Official Statement and, if given or made, such information and representations must not be relied upon as having been authorized by the Village, the Financial Advisor or the Underwriters. This Official Statement does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of the Obligations by any person in any jurisdiction in which it is unlawful for such person to make such offer, solicitation or sale. The information set forth herein has been obtained from the Village and other sources which are believed to be reliable, but it is not to be construed as a representation by the Financial Advisor or the Underwriters. The information and expressions of opinion herein are subject to change without notice, and neither the delivery of this Official Statement nor any sale made thereafter shall, under any circumstances, create any implication that there has been no change in the affairs of the Village or in any other information contained herein, since the date hereof. TABLE OF CONTENTS Page Page INTRODUCTION TO THE OFFICIAL Overlapping Debt .......................................................14 STATEMENT .................................................................1 Future Financing ........................................................14 DESCRIPTION OF THE OBLIGATIONS ....................3 FINANCIAL INFORMATION .....................................15 Authorization and Purpose ...........................................3 Financial Reports .......................................................15 Sources and Uses .........................................................3 Cash and Investments ................................................16 Security Provisions ......................................................4 PROPERTY VALUATIONS AND TAXES ................17 Redemption Provisions ................................................4 Assessed and Equalized Values .................................17 Interest Payments and Computation .............................4 Property Tax Levies and Collections .........................18 Registration, Transfer and Exchange ...........................4 Property Tax Rates .....................................................19 Book-Entry-Only System .............................................4 Principal Taxpayers ...................................................19 Continuing Disclosure .................................................6 Levy Limits ................................................................20 THE VILLAGE ...............................................................7 LEGAL MATTERS ......................................................21 General Information .....................................................7 Pending Litigation ......................................................21 Village Government .....................................................7 Approval of Legal Proceedings .................................21 Education .....................................................................7 Tax Exemption ...........................................................21 Employee Relations and Collective Qualified Tax-Exempt Obligations ............................22 Bargaining ....................................................................8 MISCELLANEOUS ......................................................22 ECONOMIC AND DEMOGRAPHIC Rating .........................................................................22 INFORMATION .............................................................9 Financial Advisor .......................................................22 Population ....................................................................9 Underwriting ..............................................................22 Labor Force and Unemployment Statistics ..................9 Certificates Concerning Official Major Employers .......................................................10 Statement ....................................................................23 Construction ...............................................................10 FINANCIAL SUMMARY ............................................11 Appendix A - Excerpts from Financial Statements INDEBTEDNESS .........................................................12 Appendix B - Forms of Legal Opinions General Obligation Long-Term Debt .........................12 Appendix C - Forms of Continuing Disclosure Payment Record .........................................................13 Certificates Debt Limit ..................................................................14 ii INTRODUCTION TO THE OFFICIAL STATEMENT The following information