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Preston City Council Report: Bonding bid for County 17 accepted


Fri, Aug 8th, 2003
Posted in Features

Another busy agenda was tackled by the city council of Preston. Confusion, occasional disorder and conflicting personalities fueled a long meeting.

Mike Bubany of David Drown & Associates presented the bids for the County 17 bonding. He noted that interest rates have gone up since a month ago, but that they are still lower than a year ago. This interest rate hike will cause utility costs to be slightly higher than projected. The lowest bid rate of 4.5936% was by United Banker's Bank out of the Twin Cities. The council accepted the bid, locking in on the bid rate.

Recreational Center

Financing Options Explored

Bubany discussed the options for the proposed Recreational Facility. The City would have to come up with about $1,500,000. According to Bubany, the traditional way of market referendum bonds would mean home owners would be taxed on the market value of their home, shifting the burden from business to residential.

A second option, he noted was the possibility of a lease-purchase situation where the EDA would rent the facility to the City. This would be risky to investors, since the City could back out, causing higher interest rates.

Thirdly, general obligation bonds would require a 20% assessment and would be hard to defend, as they need to show a like increase in property values.

Bubany said that Preston would need to increase it's total revenue intake for the next fifteen years in the amount of $150,000 or more per year. Bubany noted, "This is a large project for a city the size of Preston.

Bonita Underbakke voiced her opinion about the accumulating burden for citizens with increased utility expenses, street assessments, etc. She continued, “It may be sacrilege, but maybe Preston should learn to live without any swimming pool at all. All (this money) is coming out of the same few pockets."

It was noted that the Silver Lake Pool in Rochester is closing because of cut-backs and is not scheduled to reopen. Ben Love said that he has been a resident of Preston for 30 years and he believes the recreation facility would be an 'economic disaster.'

Bubany suggested, "If there is a disparity of opinion. . .maybe a referendum is the way to go." Mike Sveen said that there is never a good time to spend the tax payers money, but this is an inves .....
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Lanesboro lets Police Chief go

Fri, Aug 1st, 2003
Posted in Features

On Friday, August 25, in a special meeting, the Lanesboro City Council voted to release Stuart Stotts from his position as Lanesboro Chief of Police.

In a prepared statement released by City Attorney, Tom Manion’s office on Mon ..... 
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Fillmore County District Court: Board will consider a proposal to hold trial court in Chatfield

Fri, Aug 1st, 2003
Posted in Features

On Tuesday, August 5, the Fillmore County Board will consider a proposal to enter into an agreement with the city of Chatfield to hold trial court at Chatfield City Hall beginning the week of August 11. The court needs enough space for a courtroom an ..... 
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Rushford Council accepts damage settlement for tennis court

Fri, Aug 1st, 2003
Posted in Features

The Rushford City Council accepted the settlement offered by Wausau Insurance for the damage done to the Creekside Park tennis courts and basketball courts at their meeting Monday July 28th. In the settlement the city will receive $10,812 to resurfac ..... 
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Lanesboro Community Cooperative (a.k.a. the Old School) Redevelopment Plan

Fri, Aug 1st, 2003
Posted in Features

Jeff Allman, now a partner with Northcountry on the redevelopment of the old school property, set the tone for a special Lanesboro Planning and Zoning Commission meeting Wednesday, July 30, when he proclaimed, "We’re here to embrace the public intere ..... 
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Fillmore County is 150 years old

Fri, Aug 1st, 2003
Posted in Features

Fillmore County has reached a most significant milestone. It’s now 150 years old.

Fillmore County was created from Wabasha County by a Legislative act approved March 5, 1853. Its boundaries were indefinite. In general, however, ..... 
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Fillmore County’s 9th Relay for Life to be held in Rushford

Fri, Aug 1st, 2003
Posted in Features

The community of Rushford will host the county’s 9th annual Relay for Life on Friday, August 8, starting at 6:00 p.m. and concluding at 6:00 a.m. Saturday, August 9. The event will take place near the city’s fire station and the Depot Museum where a ..... 
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Hoop Dreams

Fri, Jul 25th, 2003
Posted in Features

This story has a classic movie line: a group of small town kids organize themselves into a select basketball team that goes on to win a state competition.  So, in the Hollywood tradition of the classic kids-do-well movie genr ..... 
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Heartland gets air permit

Fri, Jul 25th, 2003
Posted in Features

In a 6-2 vote on Tuesday, the Minnesota Pollution Control Agency (MPCA) Citizen’s Board approved an air permit for Heartland Energy & Recycling, LLC to operate a tire-burning plant in Preston. The board also decided that a contested case hearing, an ..... 
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