Aug 13, 2026BoardMeeting
BoardCity Of Stuart Iowa Utility Board Utility Board Meeting
The board discussed and addressed procedural corrections regarding previous motions for cost-of-living wage increases, ultimately rescinding and re-voting on the measures to handle specific abstentions. Key agenda items included an update on the employment sharing agreement and the approval of a wage increase for the utility superintendent. Significant time was dedicated to financial reviews, specifically concerning electric rate maintenance covenants, the substation project financing, debt service coverage ratios, and the allocation of funds between electric and water accounts.