City of Monticello

The City Council meeting addressed the fiscal year 2025-2026 budget amendment #2 and the amendment of the Monticello Urban Renewal Area to include the Stephen property and other adjacent lots for the purpose of creating a TIF District to support infrastructure and economic development. Resolutions were adopted regarding employee wage reporting, contracting for sealcoating projects, police vehicle procurement, hiring a part-time police officer, nuisance enforcement services, purchasing a skid loader, replacing fire hydrants, and pay requests for the wastewater treatment plant improvement project. Additionally, the Council discussed and moved to initiate planning for a City flag.

The City Council meeting covered several key business items, including the approval of a purchase of a new Brushcat attachment for parks and trail maintenance, and a request for the abatement of accrued property taxes on a city-owned parcel. The Council approved a plat of survey for Parcel 2026-35 and scheduled a public hearing for the fiscal year 2025-2026 budget amendment. Additionally, the Council discussed a nuisance enforcement contract with the East Central Iowa Council of Governments, explored the adoption of an official city flag, and moved forward with the discontinuation of the City Tree Board and corresponding amendments to the Parks and Recreation Board code of ordinances.

The council meeting covered various municipal business items, including the approval of pay requests and retainage adjustments for infrastructure projects like the Stephen Addition Trunk Sewer and Wastewater Treatment Plant improvements. The council also addressed the hiring of an on-call ambulance driver and a seasonal library employee. Additionally, discussions were held regarding the potential discontinuation of the City Tree Board, property easements for the 6th Street Ditch Restoration Project, and various cemetery maintenance proposals. The meeting also included executive sessions to discuss real estate matters and personnel performance.

The City Council meeting focused on the authorization and approval of a Loan Agreement and the private placement and issuance of $520,000 General Obligation Sewer Equipment Bonds, Series 2026A, to fund the acquisition of a sewer jet/vac truck. The Council adopted Resolution No. 2026-21, accepting the proposal from F&M Bank as the Lender. The proceedings also involved the establishment of mandatory periodic principal installments for the bond and the authorization for the levy of a direct annual tax sufficient to cover principal and interest payments. The Council affirmed its intention for the bond interest to remain excluded from gross income for federal income tax purposes and designated the bond as a "Qualified Tax Exempt Obligation."

The meeting's agenda included a Public Hearing and subsequent resolution concerning Amendment #1 to the Fiscal Year 2025-2026 Budget, which involved significant revenue and expense decreases largely due to the delay of the USDA Loan related to the wastewater treatment facility project. A resolution was passed to set the time and place for a future public hearing regarding the Consolidated General Fund Tax Levy for the Fiscal Year 2026-2027 Budget. Department reports covered various operational matters, including updates on an opioid settlement fund use, progress on public works projects, and library accreditation renewal. The session concluded with a Work Session to review current Council Goals and Implementation Plans, which included discussions on capital improvement planning, growth corridors, housing incentives, and budget training.