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Coralville council adopts loan hearing date, several resolutions and broad consent calendar
Summary
Council set a public hearing for $1.7M in GO loan agreements, approved an amendment to the Piper Sandler financial services agreement, accepted completion of the Kempf lift-station abandonment, approved sale of stream-mitigation fill dirt, set a transit funding hearing, extended a retail lease, and passed a multi-item consent calendar.
The Coralville City Council on March 10 moved a package of finance, contract and infrastructure items forward.
Council set a public hearing for March 24 on proposed General Obligation Essential Corporate Purpose Loan Agreements not to exceed $1,700,000 to fund street, water, sewer, flood protection and related infrastructure; City staff said the loans would finance specific projects including the Forevergreen Road extension and interim improvements to Camp Cardinal Boulevard and Kennedy Parkway. Resolution No. 2026-21 was adopted to fix the public hearing date.
The council adopted Resolution No. 2026-22 approving an amendment to the City's 2012 Financial Services Agreement with Piper Sandler & Co., noting additional City projects will require their services. On project closeout, the City accepted the Kempf Lift Station abandonment as completed, approved Final Change Order #5 ($2,728.40) to Maxwell Construction, Inc., and adopted Resolution No. 2026-23 accepting the work; retainage of $11,792.75 was noted as due in 30 days.
Staff reported a bid summary for a single-lane roundabout at Heartland Drive and Commerce Drive; five bids were received and the apparent low bidder was Midwest Concrete Inc. at $1,299,719.33, with an engineer's estimate of $1,488,568.80; staff said an award recommendation will be brought on March 24. The Council approved an agreement to sell 4,000 cubic yards of fill dirt from the Clear Creek Stream Mitigation Bank at $1.00 per cubic yard to McComas Lacina and adopted Resolution No. 2026-25; staff clarified the City is selling dirt stored on leased Westcor land, not selling land.
The Council set an April 14 public hearing on the FY2027 Iowa DOT Consolidated Transit Funding Application (Resolution No. 2026-26) and approved a Fifth Amendment to the Iowa River Landing retail lease with Scratch Cupcakery, extending the lease to Jan. 31, 2028 and splitting HVAC repair costs (Resolution No. 2026-27). The Council also concurred with Mayor Goodrich's appointment of Jennifer Struthers to the Parks & Recreation Commission and approved a broad consent calendar of licenses, consultant payments, equipment purchases, construction pay estimates and other routine items.
Where staff provided bid reports, award recommendations were scheduled for future meetings rather than decided tonight.
