City Council Meeting Date: February 10, 2026
To: Mayor and City Council
City Administrator
From: David E. Bennett, Public Works Director/City Engineer
Brenda Angelstad, Finance Director
Title
Consider Resolution Awarding Bond Sale for Utility Bonds for Jefferson Parkway/Sandstone Street Utility Extension Project.
Body
Action Requested:
The Northfield City Council approves Awarding Bond Sale for Utility Bonds for Jefferson Parkway/Sandstone Street Utility Extension Project.
Summary Report:
The City is proposing to sell General Obligation Water Revenue Bonds related to the water infrastructure extensions to the future Water Treatment Plant(WTP) site. This work includes extending water lines from our Well Sites to the centralized location of the future WTP. In addition, Jefferson Parkway and Sandstone Street will be built adjacent to the future WTP site.
The City is proposing $12,335,000 in General Obligation Water Revenue Bonds for this work. This bond issue aligns with the recent water rate study that was completed.
The sale of the bonds will be February 10, 2026. The sale information will be sent out in a supplemental memo on February 10, 2026.
Alternative Options:
NA: The project is under construction.
Financial Impacts:
$12,335,000 Bond Issue.
Tentative Timelines:
ü January 6, 2026 Setting sale of Bonds
ü February 10, 2026 Award Sale of Bonds