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City of New Market council advances water system improvements, authorizes $1.2 million loan
Summary
At its July 18 meeting the City of New Market council approved a notice for bids on Booster Pump Station improvements, authorized a $1.2 million taxable water revenue note to finance water work, and approved a related $199,925.34 pay application to Crain Construction. All motions passed unanimously.
At its July 18 regular meeting, the City of New Market City Council voted unanimously to advance its water system improvements program.
The council approved Resolution 2024-29 to provide for a public notice of hearing on the proposed plans, specifications, form of contract and estimate of cost for the Water System Improvements Project (Division 2 — Booster Pump Station Improvements) and to solicit bids. The motion was moved by Larry McAlpin and seconded by Justin Savage and carried on a unanimous vote, according to the meeting minutes recorded by City Clerk Megan Wright.
The council also approved Resolution 2024-30, authorizing a loan agreement and the issuance of a $1,200,000 Taxable Water Revenue Note, Series 2024, intended to secure financing for water improvements. That resolution was moved by Mattea Fritz and seconded by Larry McAlpin and passed unanimously.
In addition, the council approved Resolution 2024-31, which authorized Pay Application #4 — Division 1 — to Crain Construction in the amount of $199,925.34. The motion to approve the pay application was moved by Justin Savage and seconded by Mattea Fritz; the minutes record all members voting in favor.
Why it matters: the resolutions together move the Water System Improvements Project forward by authorizing the formal bidding process for Division 2 (booster pump station), securing interim financing through a taxable water revenue note, and paying a contractor draw for Division 1 work. The minutes do not include engineering details, a project schedule, or dates for the public hearing and bidding timeline; those items were not specified in the recorded excerpt.
Next steps: the city will publish a notice of hearing and accept bids for the Booster Pump Station improvements as provided for in Resolution 2024-29. The minutes do not list a hearing date; City Clerk Megan Wright is recorded as the minutes author and the council scheduled its next meeting for Aug. 15, 2024.
