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The City Council approved a $6.9 million, 12-month loan at 3.55% to finance the purchase of property at 11800 Old Bluff Road and awarded the Creekside Park Trail Connector bid for $928,456.94.
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The loan provides short-term financing for the property purchase and is intended to be refinanced with long-term bonds. The council also approved engineering services for wastewater treatment plant funding and waived competitive bidding for stream mitigation work tied to the Valmeyer Road Reconstruction Project. City staff reported that customers received a Right-to-Know notice after a PFOS result exceeded the applicable standard in the Village of Dupo's water system, which is connected to the City's system during emergencies.
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