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Council approves $306,740.62 pay request for Bock residential project; city cites grant and TIF support
Summary
The council approved payment request No. 2 to Metro Construction for the Bock residential housing development, with council members saying grant funds and a TIF loan will cover the sum.
The Beresford City Council approved a pay request totaling $306,740.62 to Metro Construction for work on the Bock residential housing development. City staff said the payment will be covered by an existing grant ("about $100,000" referenced in the meeting) and a tax-increment financing (TIF) loan to cover the remainder, and that the city should not have to pay out-of-pocket. Council moved and seconded the payment request and approved it by voice vote. Officials reported rain delays have slowed construction work but said crews are progressing. The council instructed staff to ensure grant and TIF financing are applied as planned. No objections or roll-call tallies were recorded in the meeting minutes; the mayor announced the motion carried.
