TRUMAN– On Monday the Truman City Council went over bids for the 2022 seal coat project. Street Superintendent John Bosshart said the quotes were quite a bit higher than what was budgeted for, but they couldn’t anticipate how much the cost would increase.
Out of the four bids received, the council discussed the low bid from Pearson Bros. Inc. out of Hanover, MN, was $59,247 at $1.59 per sq.yard for 37,262 sq. yards. Street Superintendent John Bosshart said the city has used the company several times over the past few years and has been happy with its work.
Council member Jake Ebert noted that it’s 20 percent higher than what they budgeted for.
“The money has to come from somewhere,” Bosshart said.
Mayor Terry Bentele asked if there were any streets that could wait to be done. The city has been operating on a four year rotation, doing one section of town every four years. Ebert mentioned the possibility of doing a five year rotation instead.
Council member Brandon Mosloski suggested using some of the city’s ARPA funds to help pay for the project and then look at next year’s budget for the project. Bosshart said next year’s project is the largest in sq. yards.
The council approved to award the bid to Pearson Bros. Inc and use the ARPA funds to pay for the remainder of the project.
Moving to other matters, Jessica Green of Northland Securities was present to go over the city’s bond issue. The city is selling $1.45 million in general obligation water revenue bonds. The cost of issuance is $24,500. Proceeds from the bonds will be used to finance water tower and filter rehabilitation projects.
Green presented the council with a finance plan and a resolution application to the public facilities authority. She said it’s a 15 year year structure and that the bonds would mature annually in the years 2023 to 2037. Interest on the bonds will be payable on Feb 1, 2023 and semiannually thereafter.
Green shared that based on current market rates, they’re looking at an average coupon rate of 2.53 percent and a true interest cost of 2.76 percent.
“I do want to caution that we are in rising interest rate environment. We are seeing rates go up pretty steadily,” she said.
By the time the city goes to issue the bonds, it will likely see higher interest rates. However, looking back at the historical trend of interest rates, Green said they’re still in a low interest rate environment, it’s just different than it was six months ago.
Green said that the city hasn’t applied for a rating in the past, so the council can apply to the Public Authority Credit Enhancement Program, which is specifically for utility type issues like water and sewer.
“You could essentially have a non-rated and issue with this enhancement which has that triple A rating,” Green said.
The pricing date would be Monday, May 16, which is also the day of a city council meeting. Green said that would allow for a closing date the week of June 13. She also shared that the average payment on an annual basis would be roughly $83,700.
The council moved to authorize the issuance and sale of the general obligation bonds. Green said she would be back at the May 16 council meeting.
The council also heard quarterly reports from several departments. Utility Foreman, Brent Brown provided an update on the upcoming water tower work. Brown said he hopes contractors will start in mid-May.
At Monday’s meeting the council reviewed several logo designs and different shades of blue for the water tower.
Moving to talk of the campground, Brown said for design work, which will include the finished layout, utility drawings and specs and permits for the Minnesota Department of Health and Department of Labor, the work estimate is $4,000.
Ebert made a motion to proceed with the design and outline.
Finally, Brown said they’ve also been doing tree trimming along several city streets and at the cemetery.
Police Chief Justin Jobe said as the weather is getting nicer, they’re planning on hitting up some ordinance violations to make sure resident’s yards are clean. He said so far he hasn’t seen as many issues as in the past.
Jobe also said he’s going to start looking for quotes for the new 2023 squad car.
“The indication I’m getting in talking to other departments is that vehicle delivery dates are probably close to 18 months out,” Jobe said.
He said he’s also going to stat getting quotes for laptops for the squad cars.
Fire Chief Dave Bentz said their rescue truck is slated to be replaced in 2023. He said the department has formed a committee to start looking at what it might cost to replace it, as well as looking at what’s out there for used equipment.
“It’s still working but it’s showing its age. The light tower on it right now is not working… finding parts for it is getting tough,” Bentz said.
In other news, the council also heard from Pool Commissioner Kim Breamer who was present to speak to the council about swimming pool employment.
Breamer said they have about six to eight guards for the summer. She said she and the other two pool commissioners contacted the city of Winnebago as it has a new position called a “pool attendant.” Breamer said this person is not lifeguard certified but in charge of swimming lesson sign ups, sales and cleaning.
Breamer also included the council with a a job listing for a pool manager. She said their pool doesn’t have a manager, but three un-paid pool commissioners. She said if adults are interested in helping out when behavior issues come up that would be okay, too.
“I don’t know any pools in the area that don’t have someone 18 years of age or older at the pool each day,” Breamer said.
She also said they’d like to raise the cost of an annual family pass from $140 to $150 and raise lessons from $35 to $40 and daily admission from $3.50 to $4.00.
“I think we’re probably one of the cheapest for lessons,” said Mosloski.
Breamer said they average 75 to 100 kids a summer for swimming lessons. She said she didn’t anticipate getting many complaints from people about the minimal price increases.
Finally, Breamer said they’re planning on opening the pool on Saturday, June 4.
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