HomeMy WebLinkAbout10.27.2025.telecommunications_minutes.docxDocusign Envelope ID: 79DDAA1E-8384-4706-A4E2-66D208720697
TELECOMMUNICATIONS UTILITY
BOARD OF TRUSTEES
City Clerk's Office
October 27, 2025 - Special Session
12:00 p.m.
1. Members present: Mr. Kurtenbach, Mr. Young, and Mr. Batemon. Members absent:
Mr. Van Fleet and Ms. Wienands
2. Moved by Young seconded by Batemon that the agenda as presented, be approved.
Voice vote -Ayes: Three. Motion carried.
3. Moved by Young seconded by Batemon that a resolution fixing date for a meeting on
the authorization of a loan agreement and the issuance of not to exceed $5,000,000
communications utility revenue capital loan notes of the City of Waterloo, State of
Iowa, and providing for publication of notice thereof, be approved. Roll call vote -
Ayes: Three. Motion carried. Resolution No. 2025-028.
Maggie Burger, Speer Financial, provided an overview of the agenda item.
4. Moved by Young seconded by Batemon that a resolution fixing date for a meeting on
the authorization of a loan agreement and the issuance of not to exceed $4,000,000
taxable communications utility revenue capital loan notes of the City of Waterloo,
State of Iowa, and providing for publication of notice thereof, be approved. Roll call
vote -Ayes: Three. Motion carried. Resolution No. 2025-029.
Maggie Burger, Speer Financial, provided an overview of the issuance.
Mr. Kurtenbach questioned if there would be an issue with requesting the full
$8,000,000?
Maggie Burger explained the benefit of utilizing a schedule of smaller increments to
avoid interest and based on monthly operational costs.
5. Moved by Batemon seconded by Young to approve the purchase of DC Plant
Equipment for Fiber Hut 3 from USTDW of Walford, Iowa, in the amount of
$34,560.00. Voice -vote -Ayes: Three. Motion carried.
Eric Lage, General Manager, provided an overview of the purchase.
The board discussed the purchase and timing of the project with the General
Manager.
6. Adjourn.
With no further business before the board, it was moved by Batemon seconded by
Young that the meeting be adjourned at 12:13 p.m. Voice vote -Ayes: Three. Motion
carried.
Docusign Envelope ID: 79DDAA1E-8384-4706-A4E2-66D208720697
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pSigned by:
Fddit
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Kelley Felchle
Board Secretary