Discussion and Consideration of Approval of State Revolving Fund (SRF) Reimbursement Request #5 – Water Treatment Facility Upgrade Project – Motion to Approve — K.5

AGENDA ITEM # K-5 AGENDA INFORMATION TIFFIN CITY COUNCIL COMMUNICATION DATE: May 29, 2026 AGENDA ITEM: Discussion and Consideration of Approval of State Revolving Fund (SRF) Reimbursement Request #5 – Water Treatment Facility Upgrade Project ACTION: Motion Background The City of Tiffin continues construction of the Water Treatment Plant Upgrades Project, which is being financed in part through the Iowa Drinking Water State Revolving Fund (SRF) Program. As project expenses are incurred and paid, the City submits reimbursement requests to the Iowa Finance Authority for eligible project costs. SRF Reimbursement Request No. 5 includes eligible project expenses incurred through May 2026 for engineering services and construction activities associated with the Water Treatment Plant Upgrades Project. The reimbursement request consists of construction costs submitted by Tricon Construction Group and engineering services provided by MSA Professional Services. SRF Reimbursement Request No. 5 totals $942,313.36, consisting of: • MSA Professional Services (Engineering): $37,912.22 • Tricon Construction Group (Construction): $904,401.14 Total reimbursement requests submitted to date equal $5,214,197.63 of the project's SRF loan authorization of $14,384,000, leaving approximately $9,169,802.37 available for future reimbursement requests. Recommendation Staff recommends approval of SRF Reimbursement Request No. 5 and authorization for submission to the Iowa Finance Authority for reimbursement of eligible project costs associated with the Water Treatment Plant Upgrades Project. ATTACHMENTS: SRF Reimbursement 1