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Eldridge utility board approves investment language, buys generator for water plant and moves into closed session on transmission project
Summary
At its Oct. 7 meeting the Eldridge Electric and Water Utility Board approved two finance resolutions, authorized buying a replacement ATS and portable generator from River City for the water treatment plant, and voted to enter a closed session to discuss participation in a regional transmission project under Iowa law.
The Eldridge Electric and Water Utility Board on Oct. 7 approved a pair of finance-related resolutions, authorized purchase of a replacement automatic transfer switch and portable generator for the city’s water treatment plant, and voted to go into closed session to discuss participation in a regional transmission project.
Board members approved Resolution 2025-9, a housekeeping update that adds LPL Financial to the list of authorized treasury bill repositories, and Resolution 2025-20, which directs that excess water funds be invested in accordance with the board’s existing investment policy and delegates transactional authority to the city clerk with administrative oversight by the utility administrative manager and city administrator. Both resolutions were moved and approved by roll call.
The board also approved awarding the replacement ATS and portable generator contract to River City after staff presented two comparable vendor bids; staff said the Tri City bid was roughly $800 higher while both vendors proposed similar equipment and lead times. The board moved to approve River City’s quote (motion by Pavich; second by Hamilton) and carried the motion by voice/roll call.
Finally, the board voted to enter a closed session at 5:29 p.m. to discuss participation in a transmission project and a joint development agreement, citing Iowa Code provisions read into the record related to confidential records and non‑disclosure obligations. The board’s motion to enter closed session was made by Pavich and seconded by Gooding (the motion carried). Because the item was placed into a closed session, the board did not disclose substantive details of the transmission discussion in open session.
Votes at a glance - Resolution 2025-9 (water repository update): motion made and approved by roll call; details in meeting record. (Referenced in meeting packet.) - Resolution 2025-20 (investment of excess funds per investment policy): motion made and approved by roll call; delegates transaction authority to the city clerk and requires reporting as investments mature. - River City contract for replacement ATS and portable generator: motion by Pavich, second by Hamilton; approved. - Motion to enter closed session to discuss transmission/joint development matters under cited Iowa Code sections: motion by Pavich, second by Gooding; approved and closed session convened at 5:29 p.m.
What this means The investment resolution formalizes an approach staff said will be used for future capital improvements and allows the clerk and senior administrators to execute routine investment transactions and report back as holdings mature. The generator contract authorizes work the water department described as necessary to maintain backup power and quick-connect capability at the water treatment plant. The transmission discussion was moved to closed session under Iowa law; the board gave no further public details at the meeting.
The board’s next regular meeting date and any follow-up reports on the investments or the generator procurement were not specified in the public portion of the transcript.
