Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Wastewater Funding topic
No spam. Unsubscribe anytime.
Metaline Falls council debates transfer or loan of up to $80,000 to wastewater fund
Summary
The council discussed Resolution 2026-01 to authorize either an interfund transfer or an interfund loan of up to $80,000 from the general fund to the Wastewater Fund to cover operations until revenue arrives; the transcript records a motion to discuss the loan option but no final vote.
The Metaline Falls Town Council discussed Resolution 2026-01 on Feb. 10, 2025, which would allow the town to move up to $80,000 from the general fund to the Wastewater Fund to cover operations until expected revenues come in.
Tessin Maxwell introduced the resolution and described two options: an interfund transfer that would not be repaid, or an interfund loan for the same amount. The loan option was described in the meeting as carrying terms "5 years at .06%, beginning April 2028," language the council said would mirror other town loans. Tessin Maxwell summarized the immediate purpose as "to fund operation until revenue comes in this year."
Council member Blake McAnerin moved "to approve discussion on the loan option," which was seconded by Sam McGeorge and Fran Maxwell. The transcript does not record a final vote on adoption of Resolution 2026-01; minutes show a motion to proceed with discussion but no recorded tally or formal adoption during this meeting. The council directed staff to prepare associated paperwork and to return with additional details.
Because the minutes do not record a formal vote, the resolutions ultimate adoption and any repayment terms remain unresolved pending future action by the council.
