2026 capital borrowing reimbursement resolution
Permits future borrowing to reimburse capital costs; utility covers part
Watch for a later 2026 council vote that actually approves the borrowing and spells out which projects are included and how repayment is split.
Typically discussed at City Council. Check back when the next agenda is published.
On Jan. 19, council voted 6-3 to keep the door open to up to $2.56 million in borrowing later in 2026, to pay back 2026 project costs. The resolution also sets aside $350,000 to be repaid by the electric utility, not the city’s main debt-payment pot.
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passed 6-3 City Council · Jan 19, 2026 26-015 Resolution Declaring Official Intent to Reimburse Expenditures from Proceeds of Borrowing 2026 Capital Projects
Motion made by B. LeClair, seconded by Bittner to waive reading and adopt the resolution.
Mark Bittner YesDoug Brandt YesShannon Derby YesBill LeClair YesDarla LeClair YesScott Stechmesser YesTim Petri NoBonnie Shimulunas NoAdam Wachowski No
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City Council adopted Resolution 26-015 declaring intent to reimburse eligible 2026 capital project and equipment costs with future tax-exempt borrowing, capped at $2,563,818.
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The reimbursement-intent resolution passed on a 6-3 vote.
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The resolution stated that $350,000 of the repayment would come from the Electric Utility rather than the Debt Service Fund.
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The stated purpose of the resolution was to preserve the city’s ability to borrow later in 2026 and reimburse costs already incurred.
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