Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the School Street Project topic
No spam. Unsubscribe anytime.
Merrimac trustees approve School Street design work and authorize short-term loan to fund it
Summary
The Village of Merrimac selected 'Alternative B-Prime' for the School Street project, authorized design work with Strand Associates (about $41,000 plus up to $9,900 if DOT modeling is required), and approved a short-term loan of up to $41,000 to cover the design costs while applying for an LRIP grant.
The Village of Merrimac Board of Trustees selected Alternative B-Prime as the preferred option for the School Street reconstruction and authorized the village to fund design work now rather than wait for grant awards.
Trustee Margaret Budde reviewed Strand Associates' draft School Street Feasibility Study, explaining that performing the design work now could strengthen the village's application for a discretionary Local Road Improvement Program (LRIP) grant, which the Board said might cover up to 50% of eligible construction costs. Budde moved to select Alternative B-Prime; the motion passed unanimously.
The Board voted to apply for the LRIP grant and to proceed with the design of Alternative B-Prime. Trustees authorized Administrator Jennie Klecker to sign Strand's design agreement for approximately $41,000, with an additional "if-authorized" allowance of up to $9,900 for potential Department of Transportation-required modeling and analysis. The Board also authorized officers to execute short-term loan documents with the Bank of Prairie du Sac to cover the design fee; the loan amount shall not exceed $41,000 and the interest rate shall not exceed 5.25%, with proceeds to be received in November 2024 and principal and interest rolled onto the 2024 tax levy for a single payment scheduled Jan. 15, 2025.
The Board emphasized that proceeding with design is intended to improve Merrimac's chances for grant selection and to position the Village to start construction earlier if the LRIP application is unsuccessful. No vote counts beyond "all ayes" were recorded in the minutes.
