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Milton Sundial Utilities board hears $29 million loan update; approves minutes and financial report
Summary
At its Oct. 23, 2025 meeting, the Sundial Utilities Board of Directors heard a staff update that the state revolving loan fund was approved for a maximum of $29,000,000 for the Sundial expansion project. The board also unanimously approved the Sept. 18 minutes and the P&L financial report.
Unidentified Speaker 1 opened the Sundial Utilities Board of Directors meeting for the City of Milton on Oct. 23, 2025, and the board approved two routine items before staff gave an update on the Sundial expansion project.
Mister Spears, speaking during the board’s communications period, said the project’s pre-bid meeting drew a strong response and that the bid deadline was approaching and had been extended. He told the board, “Our state revolving loan fund has been approved for a maximum of $29,000,000. We’ll be executing that paperwork. We don’t know exactly how much of that we will need, but we’ll use as little of it as possible.”
The board unanimously approved two formal motions early in the meeting. Councilwoman Farrow moved to approve the Sept. 18 minutes; Councilman Hawthorne seconded, and the chair announced the minutes were approved by all members present. For the P&L financial report (item 2025-3680), Councilman Fretwell moved to approve and Councilman Powell seconded; the report was likewise approved unanimously by members present.
According to Spears, after bids are received staff will return to the board with the bid results and a plan showing how the project will be financed. He said paperwork for the state revolving loan fund would be finalized this week, and staff expects multiple bid submissions. Spears did not specify how much of the approved loan the project will ultimately use.
Unidentified Speaker 1 opened the meeting for public comment on Sundial business; no members of the public addressed the board. The meeting was then adjourned to allow a short break before the next meeting.
Votes at a glance - Approval of minutes from Sept. 18, 2025 — Motion: approve minutes (moved by Councilwoman Farrow; seconded by Councilman Hawthorne) — Outcome: approved unanimously by members present. (See timeline: SEG 025–SEG 035.) - P&L financial report, item 2025-3680 — Motion: approve financial report (moved by Councilman Fretwell; seconded by Councilman Powell) — Outcome: approved unanimously by members present. (See timeline: SEG 036–SEG 046.)
What happens next Staff said it will finalize loan paperwork and return to the board after bids are opened with recommendations on financing and use of the loan; no dates for that return visit were specified in the meeting.
