Diversion Finance Committee - 07.22.2026

The City of Fargo's Diversion Finance Committee met on July 22, 2026, to review and approve various financial and contracting matters related to the diversion authority projects. Key procurement discussions included approval of bills totaling approximately $3.1 million, with a significant payment for the Highway 2 reconstruction project. The committee reviewed and approved four contracting actions: a one-year extension of a risk management consulting contract with AON for $5,000, a utility relocation task order estimated at over $200,000, a demolition and site clearing contract awarded to Linco for $271,000, and a $34,760 contract with the US Geological Survey for gauge station relocation and maintenance. Additionally, the committee accepted the 2025 financial statement audit with a clean opinion and approved the creation of a subcommittee to oversee a crop loss reserve fund, along with authorizing the issuance of an RFQ for investment management services for that fund. Updates on the WIFIA loan drawdown of $105.6 million to cover milestone payments were also provided. Motions related to these procurement and financial actions were unanimously approved by roll call votes.