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Authority hears updates on water treatment and clinic projects; staff flag short-term cash-flow while bonds close
Summary
Staff told the Daggett County Municipal Building Authority that construction materials and equipment have started arriving for the water treatment project and clinic building while reimbursements from planned bonds remain pending, creating short-term cash-flow considerations.
Authority staff reported that equipment deliveries have begun for the county water treatment project but that spending from Community Impact Bond (CIB) funds cannot start until bond closings are complete. Staff said two 5,000-gallon poly tanks for backwash and neutralization have arrived and are stored inside a gated hangar area pending construction.
Trevor A. Lee, a county representative on the call, said his primary concern was the timeline for the notice to proceed. Staff replied that the authority issued a notice of intent to the contractor and that the contractor will mobilize once the official notice to proceed is received from CIB and bond closing is complete. Staff said they will follow up with CIB staff and bond counsel to identify timing.
Finance staff reviewed the Municipal Building Authority cash summary and accounts receivable as of March 7, 2025, and the authority accepted the cash summary and the accounts receivable (aging) report. The meeting record shows acceptance by voice vote.
The open invoice register dated March 7, 2025, was discussed. Staff identified a $24,850 invoice on the open register charged to the Municipal Building Authority (fund 45) for professional services billed through January 31 to Jones and DeMille Engineering; staff confirmed that amount is associated with the clinic project. The authority approved the open invoice register for a total amount of $81,007.14, with the MBA portion noted at $24,850.
Staff and consultants explained that expenses incurred after the authority’s funding meeting at CIB are generally considered reimbursable once the bond closes. Finance staff advised the authority that while reimbursement is expected for eligible costs after CIB approval, timing of reimbursements can create temporary cash-flow burdens and that the county’s reserves or partner agreements may be used to bridge expenditures until closing.
No closed-session matters were requested. The authority adjourned the meeting at 10:21 a.m.
