City Council Resolution 2026-20 (Drinking Water Revolving Loan Fund)STATE OF MINNESOTA
COUNTY OF WRIGHT
CITY OF MONTICELLO
RESOLUTION 2026-20
RESOLUTION AUTHORIZING SUBMISSION OF DRINKING WATER REVOLVING LOAN FUND
APPLICATION TO THE MINNESOTA PUBLIC FACILITIES AUTHORITY
WHEREAS, the City of Monticello is constructing of a Water Treatment Plant for
centralized treatment of the city's water; and
and
WHEREAS, the design phase for the Water Treatment Plant is nearing completion; and
WHEREAS, the City of Monticello intends to commence the construction phase in 2026;
WHEREAS, the City of Monticello will be submitting a complete application package to
the Minnesota Public Facilities Authority.
BE IT RESOLVED that the City of Monticello 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.
BE IT RESOLVED that the City of Monticello estimates the loan amount to be $34,000,000 or the
total project cost less $11,000,000 awarded to the City in the 2023 State Bonding Bill.
BE IT FURTHER RESOLVED that the City of Monticello 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.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MONTICELLO: The
City Administrator is hereby authorized to execute such agreements as necessary to implement
the project on behalf of the applicant.
ADOPTED BY the Monticello City Council this 23rd day of March, 2026.
Lloyd�
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