The Morris city council passed a resolution to designate TKAD Engineering, of St. Paul, as the engineer for the Morris Municipal airport at the city council meeting on Tuesday, Feb. 25. TKAD Engineering has been the airport engineer for four years, and the contract was up for renewal.
The city put out a request for qualifications for engineering firms, and got two clients who were interested. TKAD Engineering was the only one who submitted a proposal. They scored 100 out of 100 points for meeting the qualifications and were decided as the best choice for airport engineer.
The Finance Director and Airport Manager recommended that TKAD Engineering be designated as the airport engineer and suggested that the city council should begin negotiating project fees for upcoming airport projects with them.
The city council also passed a resolution for the sale of a $1,825,000 bond. The lowest bid came from US Bank with a 1.58 percent true interest rate. They require a $2,000 financing fee and that the city does not pay off the debt early. The next lowest bid was from Capital Bank with a 1.88 percent interest rate. There is $17,000 worth of savings with the US Bank bid. The market is very good for bond sales, which led to such low interest rates.
“I haven’t seen an interest rate lower than 2 percent since I’ve been here,” said City Councillor Kevin Wohlers.
The city council will meet again on Tuesday, March 10 for their regular session.
