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Brandon officials move to prepare $3 million street-resurfacing bid package, seek local bank financing
Summary
The City of Brandon presented a multi-group 2026 street resurfacing plan and proposed borrowing up to $3 million, funded largely from the Infrastructure Modernization Act receipts and short-term local bank financing; the board authorized staff to develop bid documents and solicit bank bids.
Speaker 1, presiding over the City of Brandon board meeting, presented a proposed 2026 street resurfacing plan that breaks work into geographic groups to reduce contractor travel and improve efficiency. He said one long stretch in the plan exceeds two miles and that some streets included have never been paved.
"Last check that we received, in January of this year, which was $1,264,008," Speaker 1 said when explaining the city’s Infrastructure Modernization Act receipts, which arrive twice yearly. He said the city’s infrastructure account held about $1,216,000 on April 20 and that a July payment could add roughly $1.2–$1.4 million, but that those receipts alone would not reach a $3,000,000 overlay target.
To bridge the gap, Speaker 1 outlined a financing approach that combines available fund balances, the anticipated July revenue, and local short-term bank financing (he proposed advertising for $1.5 million over three years). "This is strictly for infrastructure," he added, noting statutory limits on the fund’s permitted uses.
The presentation included cost-group estimates (group 1 roughly $500,000; group 2 roughly $1.2 million) and referenced prior comparable projects, several of which required $500,000 dig-out-and-replace efforts. Speaker 1 said the city intends to do base repairs in-house before contractor overlays to save costs.
The board voted to allow staff to develop street bid documents and to advertise for local bank financing so the city can arrive at formal bids and bank offers by July. The approval was taken as part of the agenda package the board moved and approved during the meeting.
What happens next: staff will prepare bid packages for the overlay work and solicit bank proposals; the board expects to review bids and the July Infrastructure Modernization Act payment before any award or borrowing is finalized.
