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Village establishes LGIP debt-service accounts and approves pump and meter purchases
Summary
Trustees approved two Local Government Investment Pool accounts for Clean Water and Safe Drinking Fund bonds, purchased a $405 digester pump from J&R, and authorized buying eight replacement water meters and a $500 monitoring device to address aging meters.
Clerk Atterbury told trustees that bond covenants require monthly set-aside accounts for the Clean Water Fund (sewer) and the Safe Drinking Fund (water). The board voted to open two Local Government Investment Pool accounts; the LGIP rate cited in the meeting was about 3.62%.
Public works staff presented equipment needs: approval to buy a replacement digester pump from J&R for $405 and authorization to purchase eight new replacement water meters at $180 each (total $1,440) plus a $500 monitoring "hockey puck" device from Core & Main to verify meter accuracy. Leitzinger said 58 meters in the village are over 20 years old and DNR rules require testing every 10 years and replacement at 20 years, prompting the board to approve a phased replacement and monitoring approach. The board also asked staff to obtain an additional hydrant meter quote from J&R before returning with a final recommendation.
All motions carried unanimously.
