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Spring Valley approves TIF


Fri, Sep 17th, 2010
Posted in Government



Some major issues were approved in the regular meeting of the Spring Valley City Council on Monday night. They passed Resolution 2010-27 to approve an Interfund Loan for TIF 1-6 (Tax Increment Financing) for the TIF Districts 1-6. These loans, totaling $250,000 of bond payments (principal and interest) associated with Tax Increment Financing District No. 1-6 utilizing General Fund tax levies of the city. The original bond proceeds were used to construct North Park Drive throughout the North Park Subdivision. The need for this Interfund loan is due to developer defaults on contractual and special assessment payments within TIF District No. 1-6. This funding shall be repaid by tax increment revenues generated within the tax increment district over a term not exceeding the statutory life of the TIF District. The interest on the internal funding will accrue at a rate of 3.25 percent.

The council also approved a resolution granting a conditional use permit for Isaac Hurst and Tim Warren to operate an automobile sales lot. The used car lot will be located at 512 West Tracy Road. The Conditional Use Permit stipulates that all garbage, refuse, and scrap parts must be in a concealed container; all federal, state and local regulations are followed; and the number of cars offered for sale parked on the lot at one time will be 20 or less cars, all of which will be in running order. Also, no auto parts or partial cars will be displayed outside the building, and that the hours of operation are limited to Monday through Friday 8am-9pm and Saturday 8am-6pm.

Approval was also given to certify the 2010 preliminary tax levy collectable in 2011. $500,291 will be required for the General Operating Fund. The library will receive $109,736 and special levies will amount to $268,000. The total levy will be $878,027. City Administrator Deb Zimmer said that this preliminary levy is "very preliminary" and will be up for approval on Monday, December 13th, along with the proposed budget. Zimmer points out that the levy is $31,000 less than last year.

Payment Certificate No. 11 for Road Constructors, Inc. has been put on the back burner again due to incomplete work on the contractor's part. This is for the Hudson/Courtland/Jefferson Street improvement project.

The applications for EMT hires was approved on the condition that their background checks were acceptable and that they receive EMT certification. Those hired are Meggy Waletzki, Jennifer H .....
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Liquor license approved by Harmony council

Fri, Sep 17th, 2010
Posted in Government



During the Harmony City Council meeting on September 14, there was some discussion about the ongoing 3rd St. project. The council approved a second payment request for $42,176.44. They also approved an extension of three weeks for the substa ..... 
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Approval of CUP recommended for Mulhern expansion

Fri, Sep 17th, 2010
Posted in Government



At the September 16 meeting of the Fillmore County Planning Commission Mike Frauenkron assured members that the Mulhern Dairy's management plans were up to date and they were meeting all federal and local rules. The dairy is located in Fillm ..... 
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County board reviews 2010 progress

Mon, Sep 13th, 2010
Posted in Government

In January, when Duane Bakke became chairman of the county board, he listed seven issues that would need the board's attention during the year. The board looked at what has been accomplished to date on these issues at their September 7 meeting.
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Preston sets preliminary levy

Mon, Sep 13th, 2010
Posted in Government

The Preston City Council considered a revised budget at their September 7 meeting before approving the 2011 budget and preliminary levy. One of the changes in the budget was a reduction in the expected health insurance premium to just a two percent ..... 
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Lanesboro works toward getting approval of levy

Mon, Sep 13th, 2010
Posted in Government

At the meeting on September 7, the Lanesboro City Council approved the preliminary budget and tax levy for 2011. They approved a proposed levy of $442,720. City Administrator Bobbie Vickerman explained this number, which is a seven percent increase ..... 
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Preston sees a challenging budget year and potential bond interest savings

Fri, Aug 27th, 2010
Posted in Government

The Preston City Council discussed the 2011 budget challenges and the upside potential of significant interest savings through the refinancing of debt at their August 16 meeting. The weak economy's low interest rates have given the city an opportuni ..... 
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Lanesboro prepares for public hearing

Fri, Aug 27th, 2010
Posted in Government



Mike Bubany of David Drown Associates came to a special joint meeting with the City Council and the Public Utilities Commission. The first item he discussed with them was refinancing two electric revenue bonds. They have a bond from 2001 and ..... 
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Chatfield debates budget

Fri, Aug 27th, 2010
Posted in Government

After a record short seven minute council meeting on August 23, the Committee of the Whole spent the greatest share of two hours discussing the 2011 budget. The big unknown for any city, or the counties, adding to the confusion, is the amount of sta ..... 
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