Item 3.2.B. 2026.10.06 Special City Council Minutes (ajf)Page 1 of 1
SPECIAL OTSEGO CITY COUNCIL MEETING
TUESDAY, OCTOBER 6, 2026
5:00 PM
OTSEGO PRAIRIE CENTER
Call to Order:
Mayor Stockamp called the meeting to order at 5:00 PM.
Roll Call:
Mayor Jessica Stockamp and Councilmembers: Ryan Dunlap, Tina Goede, Michelle Lund, and
Corey Tanner. City Staff: Assistant City Administrator/Human Resources Sabrina Hille.
1.General Obligation Water Revenue Bond, Series 2026A.
Jessica Green of Northland Securities reviewed the packet material regarding financing options
for the South-Central Water Treatment Facility project.
CM Tanner asked for comparison of the proposed sale to the Utility Rate Study completed in
2025, and Jessica Green mentioned the Utility Rate study accounted for an interest rate slightly
higher than the sale, and so the project is within scope of the study.
CM Dunlap motioned to adopt Resolution 2026-88 Authorizing the Issuance and Sale of
$26,000,000 General Obligation Water Revenue Bonds, Series 2026A, seconded by CM Goede.
All in favor. Motion carried 5-0.
2.Adjourn.
CM Goede motioned to adjourn at 5:13 PM, seconded by CM Lund. All in favor. Motion
carried 5-0.
Minutes prepared by Sabrina Hille, Assistant City Administrator/Human Resources.
City of Otsego:
_________________________________
Jessica Stockamp, Mayor
ATTEST: ___________________________
Audra Etzel, City Clerk
Item 3.2.B.