Coralville City Council Meeting (May 26, 2026)

The Coralville City Council held a meeting on May 26, 2026, where several procurement and budget-related matters were discussed and approved. Key items included a fiscal year 2026 budget amendment addressing capital projects, equipment purchases, and increased operating expenses, with a total adjustment of approximately $1.3 million. The council approved a resolution for a $4.5 million water revenue loan agreement for the Well 17 project and authorized a $1.5 million general obligation bond for financing the recreation and aquatic center construction, selecting Hills Bank and Trust for the loan at a 4.2% interest rate. Additionally, the council approved participation in a new five-year recycling processing contract with Paper Recovery Company and a 28E agreement for a shared mobility coordinator position with Johnson County, not to exceed $19,651. Property acquisition for parking near Oldtown Hall was also approved. The council passed resolutions supporting workforce housing tax credit applications for developments in the Iowa River Landing District and Coralville West Village, pledging in-kind city support. These actions reflect ongoing capital improvement projects, financing strategies, and community development initiatives.