Discussion and Consideration of Approval of State Revolving Fund (SRF) Reimbursement Request #2 – Water Treatment Facility Upgrade Project – Motion to Approve — K.7

AGENDA ITEM # K-7 AGENDA INFORMATION TIFFIN CITY COUNCIL COMMUNICATION DATE: February 26, 2026 AGENDA ITEM: Motion for Approval – SRF Reimbursement #2 ACTION: Discussion Purpose The City of Tiffin is currently undertaking the Water Treatment Facility Upgrade Project, funded in part through a $14,384,000 Drinking Water State Revolving Fund (DWSRF) Loan. As construction and engineering services progress, the City must submit periodic reimbursement requests to the Iowa Finance Authority (IFA) for eligible project costs. These reimbursements ensure timely payment to contractors, engineers, and project partners. The attached reimbursement package reflects Construction Disbursement Request #2, covering eligible engineering and construction-related expenses incurred during the project period Reimbursement Request #2 includes engineering services performed by MSA from January 4, 2026 through February 7, 2026 for the Tiffin Water Treatment Facility Upgrade project. The invoice total and corresponding reimbursement amount are itemized below. Request #2 Totals • Engineering (MSA Engineering): $31,797.65 • Construction (Tricon Construction): $557,440.64 • Total Eligible Expenses: $589,238.29 • SRF Reimbursement Amount: $589,238.29 All costs included in this request are eligible under SRF program guidelines and represent project costs not previously reimbursed. Staff Recommendation Staff recommends approval of the SRF Reimbursement Request #2 in the amount of $589,238.29 for eligible engineering and construction expenses related to the Water Treatment Facility Upgrade Project and authorize the City Administrator to submit the request to the Iowa Finance Authority. ATTACHMENTS: SRF Reimbursement #2 1