Mulberry commission approves amendment to drinking-water planning loan to extend project timeline

The Mulberry City Commission on a voice vote approved Resolution RES 2026-11, which amends a 2023 planning loan from the Drinking Water State Revolving Fund (DW SRF) to extend the planning completion date and delay the first loan payment.

City staff explained the amendment would "extend the completion of planning activities date to August 15th, 2026. And then the first loan payment would be due February 15th, 2027," and said the loan was believed to be about $67,000. Staff also referenced a near-term payment amount discussed during the meeting.

Commissioners moved and seconded the measure and approved it on a voice vote after brief discussion about timing and repayment terms. The motion carried with commissioners responding "aye" when the mayor called for a vote; a roll-call tally was not recorded in the meeting minutes provided.

The amendment changes the loan repayment schedule and extends the deadline for planning deliverables; staff said the change required commission approval because it affects finance and repayment terms. City staff will proceed with the revised schedule and the city will follow the SRF administrative requirements for the amended planning loan.

The commission did not provide additional financial details during the meeting; staff said the precise loan amount and updated amortization will be provided as part of the project finance records and follow-up materials distributed to the commission.