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Council approves transfers and invoices tied to Seminole wastewater treatment plant
Summary
Council approved a $281,856.27 transfer for interest, authorized draw of $2,555,255.89 for invoice No. 12, and approved a $26,797.38 Wall Engineering invoice for ongoing wastewater plant construction and services.
The City of Seminole approved several funding actions tied to the construction and financing of the Seminole Wastewater Treatment Plant.
Council approved Resolution SMA 2025-02 to transfer FY2024 surplus funds and appropriate $281,856.27 to the water/sewer fund to cover interest on debt service for plant construction; staff clarified this is monthly interest on an interim loan with Bank First and that interest will decline once permanent financing is in place.
Separately, council approved drawing funds to pay Cross Lend invoice No. 12 in the amount of $2,555,255.89 for completed work at the plant. Staff estimated the plant is roughly 58% complete and projected remaining work to take about 10 more months. Council also approved Wall Engineering invoice No. 21 for $26,797.38 for professional services tied to the plant.
Motion votes were recorded by roll call and each item carried.
