09-08-2020 ERMU MIN - Laserfiche WebLink

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with the water main break and include that on the next month's staff report. Moved by Commissioner Nadeau and seconded by Commissioner Stewart to receive the July 2020 Financial Report. Motion carried 5-0. 5.2 2020 Annual Business Plan: 20 Year Capital Projections, Capital Projects and Equipment Purchases. and Conservation Improvement Program The preliminary 2021 Capital Projections, Capital Projects and Equipment Purchases, and Conservation Improvement Program were presented. Ms. Karpinski noted some of the major upcoming projects for the electric, water, and technical services departments. Ms. Karpinski also pointed out an update to the presentation this year, as she had moved non -capital projects towards the bottom, so the information was available but not included in the budget numbers. Chair Dietz asked if most of the projects would be funded through revenues. Ms. Karpinski responded that one million dollars of the funding for preparation of the field services building addition would be coming from reserves. Chair Dietz had questions on how staff would be timing its bonding for the field services building addition. Ms. Slominski responded that staff was hoping to go out for bids on the project by the end of 2020 and start bonding the beginning of 2021. Chair Dietz inquired as to the type of bond staff could be pursuing. Staff responded that there was discussion about doing a 30-year bond for the project. Chair Dietz asked Mr. Fuchs for his opinion on how likely it would be that staff could complete all the projects listed in the business plan for 2021. Mr. Fuchs responded that he hopes that the weather cooperates, giving them more time to complete some of the projects this year, because it is too much work to be completed next year. Commissioner Stewart asked for clarification on the Projects line item allocating $50,000 for County Road 33. Mr. Fuchs responded that the County is looking at rerouting the road at some point to straighten it. Mr. Fuchs added that the details of the plan, and therefore the work required by ERMU, are not yet known. Chair Dietz asked if the current budgeted amount for the Highway 169 project was going to cover ERMU's costs. Mr. Fuchs estimated that there would need to be some funds for other projects redirected to that one. Chair Dietz had questions about the amount of infrastructure that would need to be moved for the project. Staff responded. 5.3 Leadership Transition — Search Committee Update Elk River Municipal Utilities Commission Meeting Minutes September 8, 2020 Page 3