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Committee approves $2.5 million Minn Kota substation cash increase and $20 million from P3 contingency into 2025 cash budget
Summary
The Metro Flood Diversion Authority Finance Committee on July 23 approved two budget change requests that together add roughly $22.5 million to the 2025 cash budget to fund a Minn Kota substation relocation and P3 developer milestone payments.
The Metro Flood Diversion Authority Finance Committee on July 23 approved two budget change requests that together increase the 2025 cash budget by about $22,500,000. Paul Barthol, presenting the requests, said the first request adds $2,500,000 to the 2025 cash budget to cover the final construction task order for Minn Kota Power’s relocation of the Oxbow substation. "This is the final…
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