Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Watermain Replacement topic
No spam. Unsubscribe anytime.
Lyndon Station approves geotechnical contract and interim loan for watermain replacement
Summary
The Village Board approved a Terracon geotechnical proposal for the watermain replacement project and authorized a $118,975 interim loan from the Bank of Mauston at 4.90% interest to cover engineering expenses, to be repaid in one payment on July 31, 2027.
The Village of Lyndon Station Board approved a proposal from Terracon for geotechnical engineering services related to the planned watermain replacement project. President Darnell moved the approval, Trustee Jan Miller seconded, and the motion carried unanimously among members present.
The board also adopted Resolution 2026-03R to authorize an interim loan of $118,975 from the Bank of Mauston at an interest rate of 4.90% to pay for engineering expenses associated with the watermain replacement project. The loan was described in the motion as repayable in a single payment on July 31, 2027. President Darnell made the motion and Trustee Miller seconded; the motion carried unanimously among members present, with Trustee Becky Coley recorded as absent.
Why it matters: the approved geotechnical work and interim financing allow engineering and pre-construction work to proceed on the watermain replacement project. The board recorded the repayment date and interest rate as part of the motion; no additional funding sources or repayment contingencies were recorded in the minutes.
The board gave direction by approving the contract and temporary financing in the special meeting; the next procedural steps in the record are the execution of the services contract and the loan, and repayment on the stated date.
