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Chatfield WWTP bond refinancing


Fri, Dec 17th, 2010
Posted in Government

Mike Bubany, David Drown and Associates, detailed the plan to refinance the Wastewater Treatment Plant General Obligation Bond at the council's December 13 meeting. The existing debt is about $7 million. Chatfield again received a favorable Standard and Poors rating of AA stable. The rating was based in part on the city's strong reserves and strong financial management.

Bubany was pleased with the healthy bidding response, resulting in nine bidders with the low bid submitted by Northland Securities. He acknowledged that rates have been rising steadily since August. The present value savings with the refinance will be $257,000, but the refinance will require $52,000 more in payments over the life of the bond. The number of years to pay off the debt was extended and the payments have been evened out.

Acting Mayor Paul Novotny remarked that the refinance is still achieving what we are after, which is to make sewer rates more manageable. City Clerk Joel Young noted that nothing is planned for a sewer rate increase in 2011, at least at this point in time. The ability to keep the rates steady is dependent on Local Government Aid (LGA) payments.

The council unanimously adopted the resolution for the $7 million competitive sale of GO Bonds and to award the sale to Northland Securities.

Final Tax Levy Certification

A resolution was unanimously adopted certifying the final property tax levy for taxes payable in 2011. The preliminary levy was set at $1,170,823 in September which would be about an 8.9 percent increase. The final levy was set $20,000 lower or slightly over a 7 percent increase.

Young noted that the budget includes three new items including: funds for an Emergency Management Coordinator, Chatfield Center of the Arts, and a WWTP debt service fund. The large subsidy pledged for the WWTP will be about $190,000 which will help smooth out sanitary sewer rates. Young suggested the amount of the subsidy is somewhat dependent on the LGA the city receives from the state.

Novotny suggested they had hoped to have a better idea of what the LGA payments would be before adopting the final budget and levy. Young said the state is looking at a $6.2 billion shortfall. He said the city is in good shape suggesting a little could be shaved off the levy.

Councilman Josh Thompson stated that his biggest concern was the hardship on the people. Novotny suggested the difference between the preliminary budget and .....
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Harmony discusses health insurance hikes and wage step policy

Fri, Dec 17th, 2010
Posted in Government

There was much discussion at the recent Harmony City Council meeting about changes to the benefits for city employees. The Personnel Committee gave their recommendations to the council for approval.

The council approved the recommendation t ..... 
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Spring Valley City Council adopts levy and budget for 2011

Fri, Dec 17th, 2010
Posted in Government

The Spring Valley City Council has adopted the budget for 2011 and it reflects some additional cuts that were made by City Administrator Deb Zimmer. She told the Council that she has been working with the department heads and reported that the stree ..... 
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Planning Commission recommends CUP approval

Fri, Dec 17th, 2010
Posted in Government

The Fillmore County Planning Commission unanimously recommended approval of a Conditional Use Permit for a 34 kW wind turbine and tower at their December 16 meeting.

David Eid, Renewable Energy SD, explained the Enertech 44 A wind turbine w ..... 
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Canton City Council 2011 tax levy approved

Fri, Dec 17th, 2010
Posted in Government

The regular meeting of the Canton City Council met on Wednesday, December 1, 2010. Mayor Donivee Johnson called the meeting to order. Council members present were Cindy Shanks, Hank Selden, Ross Duckett and Carl Ernst. Also present were Lolly Meland ..... 
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Commissioner Bakke to lead AMC

Sat, Dec 11th, 2010
Posted in Government

At the Association of Minnesota Counties (AMC) annual meeting held in St. Cloud December 6 through 8, Fillmore County District 4 commissioner Duane Bakke was elected as president of the organization which represents all 87 counties in Minnesota. Onl ..... 
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Preston approves final assessment roll for 2010 improvements

Sat, Dec 11th, 2010
Posted in Government

After a belated discussion with property owner Greg Johnson, the Preston City Council adopted the assessment roll for the 2010 street improvements at the council's December 7 meeting.

The discussion was belated because the final assessment ..... 
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City of Rushford Village discusses roads

Sat, Dec 4th, 2010
Posted in Government

Pledge of Allegiance to the Flag

The November 9, 2010, regular meeting was called to order by Mayor Gordon Johnson at 7:00 p.m. Council members present: Dennis Overland, Roger Ekern, Elizabeth Atkinson, Dale Schwanke. Also present: Zoning A ..... 
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Fillmore Central's audit receives clean bill of health

Sat, Nov 27th, 2010
Posted in Government

Steve Salveson of Smith Schafer was at the Fillmore Central School Board meeting to go over the recent audit with the board members.

Salveson went over the Average Daily Membership, which has decreased 23 percent since 2003. He then looked ..... 
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