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Prairie City Council approves $1.2 million SRF loan application for Phase 2 and 3 water projects
Summary
At a special meeting Aug. 19, Prairie City Council unanimously approved submission of a $1.2 million State Revolving Fund loan application to finance Phase 2 and 3 of the city’s water projects after a presentation by PFM financial adviser Matt Stoffel.
The Prairie City Council approved submission of an application for a State Revolving Fund loan totaling $1.2 million to finance Phase 2 and Phase 3 of the city’s water projects at a special meeting on Aug. 19, 2025.
PFM representative Matt Stoffel presented information about the loan application before the council took a vote. Councilor Derek Ingle moved to approve the SRF loan application; Councilor Beth James seconded. On roll call the motion carried unanimously.
The approval authorized city staff to move forward with the application process; the minutes do not specify loan terms, repayment schedule or an expected closing date. The council record does not list funding sources beyond the SRF application or any additional required approvals from state agencies.
