The council’s decision to adjust electric rates was driven by the need to balance revenue generation with minimizing future rate hikes. The approved plan includes rate adjustments that will decrease expected revenue for 2025 by $361,500. Alongside this, the council reviewed changes to the capital improvement plan aimed at sustaining the city’s electric infrastructure. A notable revision involves accelerating the installation of Advanced Metering Infrastructure (AMI) meters by the end of 2025, funded through increased capital bonding. This project will enhance the city’s ability to monitor electricity usage and streamline operations, ultimately benefiting residents with real-time data access and improved service reliability.

The council also adopted a resolution to declare the city’s official intent to reimburse certain expenditures from future bond proceeds. This procedural move is part of standard financial management practices to ensure compliance with IRS regulations when issuing debt. The resolution outlines the city’s plan to document and reimburse any eligible expenditures that occur prior to the issuance of bonds.

In other business, the council approved the purchase of a new 2025 Ford F-550 truck for the Public Works Department. This acquisition, part of the equipment replacement schedule, is designed to maintain service efficiency by replacing aging vehicles within the city’s fleet.

Additionally, the council authorized city assistance for the annual St. Patrick’s Day Parade, hosted by the local ambassadors. The parade, scheduled for March 17, will feature an expanded route and will receive logistical support from city staff to ensure a safe and successful event.