[PAGE 1] WATER BOARD OF TRUSTEES Regular Meeting March 9, 2026 3:00 PM Location: 1208 South 7th St. Agenda Consent Agenda All items under” Consent Agenda” are considered to be routine and will be entered by one motion. Unless requested by a member of the Board of Trustees or citizen, there will be no separate discussion of these items. If discussion is required regarding an item, that item will be removed from the Consent Agenda and will be considered separately. 1. Agenda 2. Regular Meeting Minutes 3. Invoices $656,815.05 4. Financial Statements for February 2026 Customer Forum Old Business New Business 1. Consideration of property and casualty renewal. Margaret Ratcliff, Ratcliff and Blake. 2. Public hearing for the environmental review of the Southwest Connector water main project. 3. Public hearing on proposed FY 2026-27 water rate increase. 4. Consideration of Resolution #2602, a resolution establishing the water rate for FY 2026-27 GM update Board of Trustees Update Adjourn [PAGE 2] AGENDA ITEMS Consent Agenda 1. Agenda 2. Regular Meeting Minutes 3. Invoices $656,815.05 4. Financial Statements for February 2026 Customer Forum Old Business New Business 1. Consideration of property and casualty renewal. Margaret Ratcliff, Ratcliff and Blake. The renewal is in your packet. The amount represents a 1.2% increase, with an overall expense of $86,021.00. We need a motion, second and Board approval 2. Public hearing for the environmental review of the Southwest Connector water main project. Iowa DNR requires the utility to conduct a public hearing to hear any comments about environmental concerns in the project area. Board chair should open the hearing, ask for any comment, then close the hearing. 3. Public hearing on proposed FY 2026-27 water rate increase. A public hearing must be held before the Board can consider a Resolution increasing the water rate for FY 2026-27. Board chair should open the meeting, ask for any comment, then close the hearing. 4. Consideration of Resolution #2602, a resolution establishing the water rate for FY 2026-27. Adoption of Resolution #2602 will be required to increase the current water rate by 3.5% for the FY 2026-27. PFM performed our annual pro-forma during budget preparation and recommended 3.5% and the Board has already approved a budget reflecting that increase. We will need a motion, second and a roll-call vote to approve. GM update I would like to report to the Board how well the leak detection equipment OMWD purchased last year is working. It has been used numerous times, most recently this week. We were able to locate a significant leak on south 11th that had not come to the surface. Wastewater staff initiated the search for a leak due to abnormally high hours on a downstream lift station. Wastewater staff helped narrow down the likely [PAGE 3] area of the leak, then the correlator was used to pinpoint the leak beneath the concrete surface. I would also like to give props to our wastewater staff for all the time and effort they have put into dealing with operational difficulties the south plant had been having with operations due to excessive loading from OFP. Staff have also done a tremendous job providing documentation to the City’s public works director for the City effort dealing with OFP operations.