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Council approves lift station repair, urban renewal report and TIF certification; FEMA FIS reviewed
Summary
The council approved a lift-station repair estimate, adopted the FY24 urban renewal (TIF) annual report showing an ending balance for FY24, approved FY25–26 TIF certification for the county auditor, and reviewed FEMA's preliminary flood insurance study without filing an appeal.
Council reviewed a repair estimate for the municipal lift station and moved to approve the work; members voted in favor. Staff then presented the Fiscal Year 2024 annual urban renewal report to submit to the Iowa Department of Management, describing how TIF revenues are being used to service debt and reporting an FY24 ending balance of approximately $25,008.22 as of June 30, 2024. The council approved submitting the report.
Council also reviewed and approved the FY25–26 TIF certification for submission to the county auditor, noting staff advice from Northland Securities to capture available infrastructure funding. Separately, staff reviewed the FEMA preliminary Flood Insurance Rate Map (FIRM) and flood insurance study (FIS) and recommended not filing an appeal because the draft seemed accurate; council accepted the recommendation and took no further action.
