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Montgomery board approves well rehab, sewer work and $370,000 redevelopment loan; budget amendment follows
Summary
Trustees approved a $42,198 award for well No. 10 rehabilitation, a sanitary sewer lining/rehab project using an IGA, and a $370,000 low‑interest loan to Williams Group for 319 Pearl; the board also passed a budget amendment to add the loan to FY2027.
The Village of Montgomery board voted unanimously to approve several infrastructure and economic development actions at its June meeting.
On infrastructure, staff recommended awarding a contract to Water Well Solutions for rehabilitation of well No. 10 in the amount of $42,198, under the budgeted $85,000 and with the last rehabilitation performed in 2015; trustees approved the award by roll call. Director Wolf introduced a year‑one sanitary sewer rehabilitation project focused on Park View Estates that will use a contractor through an intergovernmental agreement with Fox Metro Water Reclamation District; staff reported an estimated project cost in the meeting packet and trustees approved moving forward.
On economic development, the Montgomery Development Fund committee recommended a low‑interest loan of $370,000 to Williams Group LLC for purchase and limited repairs at 319 Pearl (the applicant will separately pursue permits and a special use for a proposed tap room). Director Apt presented loan terms as a 20‑year agreement with a 5.0625% interest rate (75% of prime per program rules) and proposed milestones: the borrower must submit a building permit by June 30, 2027 and obtain a certificate of occupancy by June 30, 2028. The board approved the MDF recommendation, passed Ordinance 2187 (budget amendment number one) to add the $370,000 loan to the FY2027 budget, and adopted Resolution 2026‑015 authorizing the loan agreement; votes on these items were recorded as affirmative by trustees.
All listed motions were approved by roll call. Trustees asked routine questions about vendor experience, building‑system requirements (fire alarm/suppression to be determined by the fire district), and a projected optimistic opening timeline for the downtown project. The board did not record any amendments to the loan or contractors; staff said it would return with permit and buildout details for the tap room when available.
