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Council approves SRF loan application, contingency transfers and Canal Bridge grant application

Mitchell City Council · December 16, 2025

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Summary

Council approved a State Revolving Fund application for the 13th & Wisconsin drainage project (up to $250,000 loan at 4% for 30 years), contingency transfers that included increasing an anticipated transfer to the Corn Palace to $275,000, and authorized submission of a Bridge Improvement Grant application for the Canal Bridge with an estimated project cost of $3.54 million and a 20% city match.

Mitchell’s City Council approved several finance and capital project items, including an SRF loan application for a drainage project, contingency fund transfers for fiscal year 2025, and a Bridge Improvement Grant application for the Canal Bridge.

Mr. Schrader presented a resolution authorizing application for State Revolving Fund financial assistance for the 13th and Wisconsin drainage project. The application covered up to $250,000 with a 30‑year loan term at 4%; staff said a public hearing on the loan requirement will be held Jan. 5.

Council also reviewed contingency transfers from the city’s 2025 contingency budget (originally $804,628). Staff noted two packet changes: an increased transfer to the Corn Palace (from $175,000 to $275,000) and a contingency item for a bus repair of $7,200 expected to be reimbursed by insurance. The resolution authorizing contingency transfers was approved.

Separately, Mr. Trader described a Bridge Improvement Grant application for Canal Bridge spanning Firesteel Creek. The project estimate in the application was $3,537,391.90 with the city’s commitment at 20% (about $862,878.38); staff noted some costs in the application are excluded from the 20% calculation. Council approved submission of the grant application and authorized the mayor to sign. The meeting adjourned immediately afterward.