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Item 3.10 Authorizing a Drinking Water Revolving Fund Loan Application Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Administration City Administrator/Finance Director Flaherty March 23, 2026 PRESENTER(s) REVIEWED BY: ITEM #: Consent 3.10 – PFA Application STRATEGIC VISION MEETS: THE CITY OF OTSEGO: Is a strong organization that is committed to leading the community through innovative communication. X Has proactively expanded infrastructure to responsibly provide core services. X Is committed to delivery of quality emergency service responsive to community needs and expectations in a cost-effective manner. Is a social community with diverse housing, service options, and employment opportunities. Is a distinctive, connected community known for its beauty and natural surroundings. AGENDA ITEM DETAILS RECOMMENDATION: City staff recommend that the City Council adopt a resolution. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: The City is progressing with the Water Treatment Improvements at Wellhouse 3 project, which was a key component of the Drinking Water Master Plan (the Plan) supporting long term goals and implementation phasing to deliver improved drinking water and to meet growth expectations. City staff submitted the project to the Minnesota Department of Health (MDH) for inclusion on the Project Priority List (PPL). The City’s project scored well enough on the PPL, that City staff also then requested placement of the project on the Intended Use Plan (IUP) with the Minnesota Public Facilities Authority (MPFA). The City has also secured Congressionally Directed Spending (CDS) grant funding in the amount of $1.4 million, together with the PFA loan and state emerging contaminant grants, will provide the financing mechanisms for the project. City staff is working through approvals with the Environmental Protection Agency which is the federal agency administering the grant funds, and a request for authorization to bid the project in March 2026. Pending approval of the resolution within the packet, City staff will assemble the necessary documents and application forms for submittal to PFA to begin their loan review process. The City Council would not be authorizing issuance of the loan until after the project has been bid, a contract awarded, final PFA approvals, and EPA approvals. City staff has drafted the attached resolution, upon adoption by the City Council, would authorize City staff to submit the loan application. SUPPORTING DOCUMENTS ATTACHED: • Resolution 2026-24 POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to adopt Resolution 2026-24 authorizing a Drinking Water Revolving Fund loan application to the Minnesota Public Facilities Authority. BUDGET INFORMATION FUNDING: BUDGETED: Fund 601 – Water Utility Yes 1 CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2026-24 DRINKING WATER REVOLVING FUND LOAN APPLICATION TO THE MINNESOTA PUBLIC FACILITIES AUTHORITY WHEREAS, The City is progressing with the Water Treatment Improvements at Wellhouse 3 project, which was a key component of the Drinking Water Master Plan (the Plan) supporting long term goals and implementation phasing to deliver improved drinking water and to meet growth expectations; and WHEREAS, the design phase for the Water Treatment Improvements at Wellhouse 3 project has been completed; and WHEREAS, the City of Otsego intends to move forward with the construction phase in 2026; and WHEREAS, the City of Otsego will be submitting a complete application package to the Minnesota Public Facilities Authority. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA: 1. That the City of Otsego is hereby applying to the Minnesota Public Facilities Authority for a loan from the Drinking Water Revolving Fund for improvements to its municipal drinking water system as described in the loan application. 2. That the City of Otsego estimates the loan amount to be $17,326,150, or the as-bid cost of the project. 3. That the City of Otsego has the legal authority to apply for the loan, and the financial, technical, and managerial capacity to repay the loan and ensure proper construction, operation, and maintenance of the project for its design life. 4. That the City of Otsego hereby expresses its official intent to use the proceeds of this loan to reimburse certain expenditures made prior to the issuance of its general obligation revenue note to the Public Facilities Authority. 2 ADOPTED by the Otsego City Council this 23rd day of March, 2026. MOTION BY: SECONDED BY: IN FAVOR: OPPOSED: CITY OF OTSEGO __________________________________ Jessica L. Stockamp, Mayor ATTEST: __________________________________ Audra Etzel, City Clerk