Tipton utility: solar farm online, major equipment upgrades and 457 match increase announced
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Utility staff reported the new solar farm on Industrial Drive is operating, said about $1,000,000 was spent on electrical-equipment upgrades this year, and announced the 457 plan employer match will increase from 4% to 5% starting next month.
At the Dec. 15 Tipton Utility Service Board meeting, staff briefed the board on recent operations and personnel developments, including a new solar installation and changes to employee benefits.
Solar and equipment: Speaker 4 said the new solar farm on Industrial Drive is "operating successfully." He also reported substantial investment in the electrical department’s equipment fleet over the past year, estimating the utility spent close to or a little more than $1,000,000 on needed upgrades.
Staffing and benefits: Speaker 4 flagged upcoming retirements in several departments and noted that Connor Tilly has obtained an operator license for the water plant. Speaker 4 announced the board has increased the 457 retirement plan match from a 4% maximum to a 5% maximum, effective next month.
Context and next steps: Staff framed the investments and benefit change as steps to maintain operations and prepare for upcoming retirements; no formal vote was required for the announcements. The board will monitor staffing and operational readiness as retirements approach.
