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Board requests details on recovery zone bond allocations


Fri, Oct 9th, 2009
Posted in Government

Cris Gastner, Economic Development Authority (EDA), talked over with the Fillmore County Board the possibilities and limitations of the Recovery Zone Bonds allocated for Fillmore County at the board's October 6 meeting. The bonds are a possible finance ability created by the American Recovery and Reinvestment Act of 2009 or better known as federal stimulus money.

Fifty-five Minnesota counties and the cities of Minneapolis and St. Paul were allocated a portion of the Recovery Zone Bonds. Fillmore County has been allocated $861,000 for public infrastructure projects, Recovery Zone Economic Development Bonds (RZEDB) and $1,291,000 for Recovery Zone Facility Bonds (RZFB) which are to be used for private investment for economic development and job growth.

Gastner said the bonds must be issued by January 1, 2011. Counties have the jurisdiction for the bonding authority, not cities. Gastner thinks cities would have to enter into a joint powers agreement with the county to participate in the allocations. The definition of a "recovery zone" is somewhat fluid according to Gastner. He remarked that the program was put together so quickly that not all guidelines are cemented. There could be multiple "recovery zones" within the county.

Commissioner Duane Bakke insisted they need to determine what would be eligible and what would not be. One of the possible qualifications to define a recovery zone would be an area with "significant poverty, unemployment, rate of home foreclosures, or general distress." There is a time pressure here. If the county would not use any or all funds, it needs to reallocate the undesignated funds so they may be used elsewhere before January 2011.

The county may use its allocation of RZFB on qualified projects or reallocate to cities, EDA or HRA entities within the county or waive all or part of the total allocation. If the allocation is not to be used, it would be reallocated to the state. Projects in the private arena could be in commercial, tourism, manufacturing areas and more.

EDA

The board approved a revolving loan request for Jennifer Mulhern for the Touch of Nature Massage and Salon. The county EDA committee recommended approval with two conditions including the borrower's cash input of $1,000 and the provision of some collateral for the EDA note. A building to use for the home based hair salon/massage therapy business will be built on the Mulhern's home site. The EDA loan will be $9,000 a .....
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National Trout Learning Center in Preston?

Fri, Oct 9th, 2009
Posted in Government

Cathy Enerson, Preston Economic Development Authority (EDA), told the city council at their October 6 meeting that the idea of developing a Trout Learning Center in Preston is in an early discussion stage. The next step is to put together a steering ..... 
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2010 Census announcement

Fri, Oct 9th, 2009
Posted in Government

My name is Ashley Edwards and I'm working as the local government liaison for the State of Minnesota's Census 2010 Campaign. Believe it or not, Census 2010 is just six months away (Census Day is April 1, 2010). As you may know, Minnesota is one of a ..... 
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Lanesboro Community Center repairs

Fri, Oct 9th, 2009
Posted in Government

Lanesboro's City Administrator Bobbie Vickerman recently took a "Junk Tour" with city maintenance employee Andy Drake. They drove through the town to see if there were any properties that were in violation of the city's junk ordinance. They took pic ..... 
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Melander receives the Certified Municipal Clerk designation

Fri, Oct 9th, 2009
Posted in Government

Lolly Melander, city clerk/treasurer of Canton, has earned the prestigious Certified Municipal Clerk (CMC) designation from the International Institute of Municipal Clerks (IIMC) for August 2009.

The CMC designation program is designed to e ..... 
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Fillmore County to embark on a healthy voyage

Fri, Oct 9th, 2009
Posted in Government

In a nation-leading effort to reduce chronic disease, the Minnesota Department of Health (MDH) has awarded 39 grants to Minnesota communities to help lower the number of Minnesotans who use tobacco or who are obese or overweight. The Statewide Healt ..... 
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Whalan discusses trimming trees and dual heat policy

Fri, Oct 9th, 2009
Posted in Government

The Whalan City Council met on Wednesday, October 7, 2009, for its monthly meeting. Present were counsel members: Larry Johnson, Johnny Halverson, Everett Johnson, David Rahn, Margaret Chiglo and Lolly Melander; visitor present was Lanny Landsverk.< ..... 
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What is the future of Potter Auditorium?

Fri, Oct 2nd, 2009
Posted in Government

A joint powers meeting of the Chatfield City Council, Chatfield Public School Board, and the Chatfield Economic Development Authority (EDA) was held to keep all informed as to the findings and recommendations of the steering committee. The steering ..... 
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What is the future of Potter Auditorium?

Fri, Oct 2nd, 2009
Posted in Government

A joint powers meeting of the Chatfield City Council, Chatfield Public School Board, and the Chatfield Economic Development Authority (EDA) was held to keep all informed as to the findings and recommendations of the steering committee. The steering ..... 
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