"Where Fillmore County News Comes First"
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County passes opportunity for stimulus funds to municipalities


Fri, Oct 16th, 2009
Posted in Government

Mike Bubany, David Drown Associates, described the pros and cons of the Federal Recovery Zone Bonds to the county board at their October 13 meeting. Fillmore County was one of 55 Minnesota counties to receive an allocation. The county was allocated $861,000 for Recovery Zone Economic Development Bonds for public infrastructure and $1,291,000 for Recovery Zone Facility Bonds for qualified private development. The question is if these bonds would be the best fit for the county and if the county has a project that would qualify. Bubany advised not to find a project just for the sake of funding a project.

Cris Gastner, EDA, said there is some fluidity in the details. Bubany acknowledged there was differing information in terms of process. If the county were to pass them to the cities, some people interpret the language of the act to require a joint powers agreement, others see only the need for a simple allocation to other government bodies in the county.

Bubany explained the recovery bonds issued as taxable bonds would appeal to a larger pool of investors including foreign investors who can't take advantage of a tax exempt rate. The federal government would reimburse 45 percent of the interest. However, the use of these bonds would make the government unit using them subject to a Davis Bacon law requiring them to provide the prevailing wage which could add five to 10 percent more to the total project cost. Bubany expects it would cost about the same or a little more than traditional bonding.

Bubany suggested Build America Bonds where the federal government would reimburse 35 percent of the interest on a taxable bond could be of some benefit where a one-half point of interest could be saved in a straight up situation. These bonds would not be subject to Davis Bacon. He thinks this program would be more attractive. This program ends the end of 2010.

The county could use the allocation themselves, pass it to other government units or businesses within the county or turn them back to the state. Commissioner Duane Bakke said he didn't see a project for the county that would qualify as he didn't think a road project would be eligible. Therefore, they should give notice to the municipalities that the county is willing to pass the allocation on to them. Chairman Chuck Amunrud agreed the county was unlikely to use the allocation and notice should go out to the cities and EDA so they could have the opportunity. Commissioner Randy Dahl s .....
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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 fina ..... 
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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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