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Oskaloosa sets hearing for $3.105 million loan notes and agrees to share MidAmerican utility relocation cost
Summary
The council set a March 17 public hearing to authorize up to $3,105,000 in general obligation capital loan notes for the Southeast Connector Project and approved reimbursement to Mahaska County of $330,575 for the city's share of utility relocation costs required for the project.
The Oskaloosa City Council set a public hearing for March 17, 2025, to consider authorizing a loan agreement and issuing general obligation capital loan notes not to exceed $3,105,000 to fund the city’s share of the Southeast Connector Project. Council members described the connector as a long-planned route and said the primary remaining issue is funding.
Separately, the council approved a resolution to reimburse Mahaska County $330,575 for the city’s 17.5% share of MidAmerican Energy’s estimated $1,889,000 cost to relocate utilities along the proposed connector route. Mahaska County is pursuing a RISE grant expected to cover 65% of the relocation cost ($1,227,850); the remaining 35% will be split equally between county and city (17.5% each), the council record shows.
Council discussion noted that MidAmerican’s utilities were found to occupy a privately held easement rather than publicly owned right-of-way, which required adding relocation costs to the project budget. Council members described the relocation as a large cost item and said the amount would be incurred in fiscal year 2026.
Ending: The council scheduled the March 17 hearing to solicit public input on the loan authorization; staff will proceed with publishing required notices and continue coordination with Mahaska County and the Iowa Department of Transportation on grant funding.
