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Midyear budget review: Hyde Park flags leaking 500,000‑gallon tank and $3.8M road grant
Summary
Finance staff reported revenues at ~62% and expenditures ~40% midyear; planning and zoning expenses are high due to engineering fees, Juniper Trails' 500,000‑gallon water tank has a leak and staff expect an expensive repair, and a roughly $3.8M grant for Wolfpack/Woolpack Way is moving toward spring bidding.
Hyde Park — Finance staff presented the city’s midyear budget review at the Jan. 28 council meeting, reporting overall revenues above expectations and several capital‑project items that will require council attention.
Donya (finance staff) said year‑to‑date revenue is about 62% at midyear while expenditures sit around 40%, which leaves the city on track overall. She called out planning and zoning expenditures running at roughly 210% of budget because of engineering fees tied to multiple subdivision reviews and noted additional stormwater work prompted by a recent state audit required contracting with Sunrise Engineering for mapping and plan writing.
A significant operational item raised in the review: a 500,000‑gallon water tank at Juniper Trails has sprung a leak. Staff said the failure is not catastrophic but will likely require a customized, expensive repair and that the contract to address the tank will be brought back to council for approval before bidding. "It's probably gonna be expensive," staff said.
Staff also reported a grant (approximately $3.8 million) allocated for the Woolpack/Wolfpack Way project; staff expect to go out to bid in spring and said property negotiations and coordination with the funding agency remain before construction begins. City staff indicated they plan to apply later this year for an additional roughly $5 million to cover remaining segments.
Water‑meter replacement remains ongoing: staff said the city acquired nearly 300 meters via a Bureau of Reclamations grant and has replaced roughly 100–110 meters in the past year; replacements continue monthly as old meters fail.
Next steps: staff will return to council with a repair plan and cost estimate for the Juniper Trails tank before authorizing bids; staff will proceed with bid preparation for the Wolfpack/Woolpack Way grant in spring and continue to monitor stormwater audit work and related engineering expenses.
