Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Albia approves $227,925 west trunk sewer contract and financing plan that includes 40% rate increase
Summary
The Albia City Council accepted a $227,925 low bid from KLC Construction for west trunk line sewer spot repairs and approved a financing plan from Piper Sandler that calls for a 40% sewer-rate increase in fiscal year 2024 and 3% increases thereafter to secure USDA loan repayment and required reserves.
The Albia City Council on Oct. 3 accepted a $227,925 low bid from KLC Construction of Corydon to perform spot repairs and replacements on the city’s west trunk sewer line and approved a financing plan to secure repayment of a USDA Rural Development loan and provide interim financing for the project.
The recommendation came from Matt Walker of Garden & Associates, who reviewed the bid tabulation and recommended the KLC Construction low bid. Scott Kelly moved to accept the bid and Merle Regenold seconded; the motion carried 4-0.
A rep…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat