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Durand council approves interim $2.6 million note, accepts bond funds and clears major street and sewer payments
Summary
The Durand City Council approved interim financing to cover capital projects, accepted $2.1 million in bond proceeds for Madison Street and authorized a $511,477.91 payment to the street contractor and $103,442 in sewer-clarifier repairs on May 13, 2026.
The Durand City Council on May 13 approved interim financing and cleared several large infrastructure payments to keep the Madison Street and sewer projects moving.
Council adopted Resolution 26-05 authorizing the issuance, sale and delivery of a general obligation promissory note to provide interim financing for city capital work; the motion was offered by Council Member Nick Weisenbeck, moved by Matt Roesler and seconded by Travis Hooker, and passed on a roll-call vote of 5 ayes and 0 nays. The recorded motion approved an amount "up to $2,601,000" from Waumandee State Bank at an interest rate of 3.85%, with repayment identified in the minutes as coming from the Safe Water Drinking Loan Fund, Clean Water Loan Fund and the Local Road Improvement Program (LRIP). (The meeting minutes also included an earlier approximate figure of $2,611,000; the council action and roll-call vote record approval for up to $2,601,000.)
Administrator Tracy Carlson told the council that the city had received $2.1 million from the 2026A bond issue, funds the minutes say are earmarked for Madison Street construction.
On related work, the council approved pay request #1 from McCabe Construction Inc. for the Madison Street project in the amount of $511,477.91. The motion was made by Nick Weisenbeck, seconded by Robert Weishapple and passed on a 5–0 roll-call vote.
The council also authorized repairs to the wastewater treatment plant’s primary and secondary clarifiers, approving $103,442 of repair work to be paid from the Local Government Investment Pool (LGIP) sewer account not to exceed $110,000. That motion was moved by Matt Roesler, seconded by Travis Hooker and passed on a 5–0 roll-call vote.
All measures related to financing and the larger capital program were recorded as unanimous (5–0) votes in the minutes; the council also approved an ordinance change allowing utilities to charge Tax Increment District 3 for debt service, a separate vote recorded 5–0.
Next steps: the minutes do not record a timetable for drawing on the promissory note; routine project oversight and payments will proceed as contractors submit invoices and as state loan and LRIP reimbursements are applied.
