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Mount Vernon council approves $2.5 million financing steps, orders Rachel Street work, and signs off on multiple project payments
Summary
At its June 2 meeting Mount Vernon City Council appointed UMB Bank as paying agent for a $2.5 million bond, approved related loan documents, ordered Rachel Street infrastructure work and set hearings and bid dates, accepted Glenn Street work, and approved pay applications and change orders for several city projects. The council also proclaimed June as Pride Month.
The Mount Vernon City Council on June 2 approved several financing and project actions, including appointing UMB Bank as the paying agent, note registrar and transfer agent for a $2,500,000 bond and approving loan agreement documentation tied to that borrowing.
Resolution #6-2-2025B named UMB Bank as paying agent and transfer agent for the $2.5 million bond; the motion to approve was made by Councilmember Tuerler and seconded by Councilmember West, with a roll call vote recorded as all yes. Council then approved Resolution #6-2-2025C, which authorized a form of loan agreement, a tax exemption certificate and a continuing disclosure certificate related to the $2,500,000 borrowing; Engel moved and Rose seconded, with unanimous roll call approval.
The council adopted Resolution #6-2-2025D to order construction of the 2025 Rachel Street Infrastructure Improvements, approve preliminary plans, and fix public hearing and bid dates: public hearing June 16, 2025; bids open June 26, 2025; bid consideration July 7, 2025. The record shows motion by Rose and second by Andresen and a unanimous roll call vote.
Council also approved Resolution #6-2-2025E accepting work on the Glenn Street Extension Project with Rathje Construction Company based on a Certificate of Completion from V&K Engineering; retainage will be released after approval of Pay Application #4 and a mandatory 30-day waiting period.
On project payments and change orders, the council approved a range of items: a Change Order #1 for the Uptown Lighting Improvements increasing base sizes at Alliant Energy’s specification for an added $15,527.10; JEO invoice #161170 for Uptown Streetscape ($26,809.00); V&K invoice #51378-8 for Rachel Street ($14,362.10); Pay Application #4 for Glenn Street retainage ($45,362.22); Pay Application #4 for 2024 Sanitary Sewer Rehabilitation ($67,049.48); Pay Application #8 for Pool Improvements ($429,927.65); and Pay Application #9 for Pool Improvements ($106,658.14). The council also approved Change Order #9 for Pool Improvements for $5,041.36 for a sump pump for the slide pump pit. All items were approved by motion and noted as carried in the minutes.
Other business included approval of a Request for Qualifications for architectural services related to a Community Development Block Grant Downtown Revitalization application prepared by Tom Gruis of ECICOG; the council agreed to sponsor an Iowa Traffic Engineering Assistance Program (TEAP) traffic study application for the Mount Vernon Community School District at no cost to the city; and approval to purchase replacement desktop computers and managed services for the joint Mt. Vernon/Lisbon Police Department at a total of $9,578.08. Mayor Thomas M. Wieseler issued a proclamation recognizing June as Pride Month. With no further business, the meeting adjourned at 7:26 p.m.
The votes on major resolutions were recorded as unanimous in the minutes; specific roll-call vote entries read "Roll call all yes."
