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Denison approves $595,327.78 certificate payments to fund Waterloo pool repairs
Summary
The Tax Increment Reinvestment Zone No. 5 approved payment of $595,327.78 tied to Certificate of Obligation Series 2025A to cover bond debt for emergency structural repairs at the Waterloo City pool, a project earlier authorized for approximately $500,000.
The Tax Increment Reinvestment Zone No. 5 approved payments totaling $595,327.78 related to Certificate of Obligation Series 2025A for repairs at the Waterloo City pool.
Staff said the city identified urgent structural failures at the pool — including corroded columns, anchor bolts and wall girts — that could force closure if winds reached about 25 mph. The city previously authorized emergency repairs and debt to cover approximately $500,000 for the work; staff presented the current bond debt schedule for approval.
Staff described the payment total on the record as $595,327.78 and said the improvement falls under the TIRZ finance and project plan as a public building improvement. Member Dolce moved to approve the certificate payments; Member Thomas seconded. The motion was approved by voice vote and the transcript records that the motion carried; no roll-call tally is included in the meeting record.
Presenters and members said reopening the pool addressed a health and safety concern for the community and would allow public use; staff did not provide a specific schedule for disbursement of the bond payments in the transcript.
