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Deadline to apply for Physical Disaster Loans in Minnesota is October 15


Fri, Sep 21st, 2012
Posted in All Government

The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations in Minnesota that the deadline to submit disaster loan applications for damages caused by severe storms and flooding on June 14 - 21 is only weeks away. The deadline to file an SBA disaster loan application for physical damage is Oct. 15, 2012.

“I encourage anyone who has not completed their disaster loan application to do so and return it as quickly as possible,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.

Representatives from the Minnesota Small Business Development Center are available to assist anyone who needs assistance with their SBA disaster loan application. “Minnesota’s Small Business Development Centers are committed to providing help to the flood victims who are trying to recover from last June’s devastating floods,” said Elaine Hansen, Northeast Minnesota Regional Director, Small Business Development Center. To make an appointment to speak with an SBDC representative, call 218-726-7298.

The disaster declaration covers Carlton, Pine and St. Louis counties and Fond du Lac Band of Lake Superior Chippewa and the adjacent counties of Aitkin, Chisago, Isanti, Itasca, Kanabec, Koochiching and Lake in Minnesota; and the adjacent counties of Burnett and Douglas in Wisconsin.

Anyone with insured losses should not wait for an insurance settlement before applying to the SBA. “If someone does not know how much of their loss will be covered by insurance or other sources, the SBA will consider making a loan for the total loss up to its loan limits, provided they agree to use insurance proceeds to reduce or repay their SBA loan,” said Skaggs.

Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property. Businesses and non-profit organizations of any size may borrow up to

$2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

Interest rates are as low as 1.688 percent for homeowners and renters, 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years.  The SBA sets the loan amounts and terms based on each applicant’s financial co .....
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Government this week

Fri, Sep 21st, 2012
Posted in All Government

• Monday, Sept. 24, Chatfield City Council, Chatfield City Hall, 7:00 p.m. • Monday, Sept. 24, Rushford City Council, Rushford City Hall, 6:30 p.m. • Monday, Sept. 24, Spring Valley City Council, Spring Valley City Hall, 6:00 p.m. • Tuesda ..... 
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Mining ordinance drafts go to Planning Commission

Fri, Sep 21st, 2012
Posted in All Government

The ten-member Sand Committee has been meeting regularly since before the moratorium on mining was put into place late last February. About forty concerned citizens, many worried about possible negative effects of large industrial mines and others c ..... 
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Requests to vacate streets and grants variances approved

Fri, Sep 21st, 2012
Posted in Preston Government

The Preston City Council at their September 17 meeting discussed and granted two petitions for vacating portions of city streets and two requests for building variances. Councilman David Harrison was absent. Jon and Christine DeVries requested tha ..... 
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Chatfield sets preliminary levy and budget for 2013

Fri, Sep 14th, 2012
Posted in Chatfield Government

City Clerk Joel Young stated at the council’s September 10 meeting that the proposed levy increase is now at 4.8 percent, down from a few weeks ago. A total of ten thousand was removed from the preliminary budget of which $5,000 reduced the levy ..... 
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Harmony City Council approves new playground equipment

Fri, Sep 14th, 2012
Posted in Harmony Government

Brand new playground equipment will be installed at Selvig Park in Harmony by next spring. At the regular city council meeting on September 11, 2012, the council approved the purchase of the equipment, moving along a project that has been in the wor ..... 
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Rushford sets preliminary levy

By Kirsten Zoellner

Fri, Sep 14th, 2012
Posted in Rushford Government

Having no increase last year, the city council has preliminarily set the 2013 budget levy at 2.9 percent. The increase would garner $762,000 in funding for the city, which City Administrator Steve Sarvi indicated would assist in building back fund b ..... 
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Board updated on proposed St. Charles Rail Facility

Fri, Sep 14th, 2012
Posted in All Government

Geoff Griffin, G-Cubed in Chatfield and project engineer for Minnesota Proppant LLC, spoke during the citizen input portion of the September 11 county board meeting. He went on to inform the board as to the latest proposals for the rail facility in ..... 
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Lanesboro discusses storm sewer

Fri, Sep 14th, 2012
Posted in Lanesboro Government

Dillon Dombrovski of Yaggy Colby and Associates was at the Lanesboro City Council meeting on September 10 to discuss a few different issues. There was discussion about the storm sewer line that goes under the Riverside on the Root restaurant. At a p ..... 
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