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Lanesboro City Council Report: Financing tools – bonds and TIF district


Fri, Dec 19th, 2003
Posted in Features

The Lanesboro City Council had good news and bad news December 15th at their regular meeting. The good news: Lanesboro’s new $1.3 million electric generator has been installed and could be operational by month’s end. This generator should pay for itself in reduced demand charges from Dairyland Power (currently $11,000 per month according to Councilmember Kevin Drake). The bad news: as of Monday night the city had paid $27,000 in expenses for the generator with interest charges on the generator accruing monthly, but the council had not arranged any financing for this expense.

Apparently, the Lanesboro Public Utilities Commission has more power than similar commissions in other cities. The Commission made a decision to purchase the generator and proceeded with the purchase without any action from the council. Although the council had not signed a purchase agreement, it now was compelled to arrange bonding for the generator. Councilwoman Peggy Hanson protested that the council had not fully explored other options such as possible sale of the utility to TriCounty Electric and stated she thought nothing would “happen with the generator” until the city issued bonds to finance it. Hanson mentioned sending a letter with questions and concerns to the Commission in June and receiving no response. Councilmember Drake responded that he had never seen the letter.

Mayor Steve Rahn tersely stated, “Concerns noted,” as he moved the meeting along by calling for a vote on the matter. In the end, the council passed a resolution to issue the bonds using the services of David Drown and Associates. The bonds will have competitive bids and not be rated at the suggestion of David Drown representative Mike Bubany.

Church Hill TIF District

Created

The council focused on another financing tool as they conducted a public hearing for the development of a TIF district for Church Hill Properties. Mike Bubany of David Drown and Associates explained to the gathering that with the creation of a TIF district the property’s value is frozen at current market value for tax purposes. The city, school, and county receive taxes based on that value rather than on the new increased value. The current value of the Church Hill Property is $54,000; the increased market value after the redevelopment is projected to be $1,146,000. According to the financing plan all debt associated with the .....
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Harmony couple visit son stationed on the USS NIMITZ

Fri, Dec 12th, 2003
Posted in Features

Above all, we must realize that no arsenal, or no weapon in the arsenals of the world, is so formidable as the will and the moral courage of free men and women.   ~Ronald Reagan

When Bob and Kathy Boice ..... 
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Testimony given in county zoning suit

Fri, Dec 12th, 2003
Posted in Features

CHATFIELD - Fillmore County District Judge Robert Benson heard testimony in a suit brought by Fillmore County against Eli and Mattie Slabaugh of Canton Township on Wednesday. At the center of the dispute is the site location of a house the Slabaugh’s ..... 
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Moose trial scheduled for March in Preston

Fri, Dec 12th, 2003
Posted in Features

Floyd Moose, 40, of Chat-field appeared in Fillmore County District Court on Monday for a pre-trial hearing. Moose is charged with 11 felony counts, including attempted murder, arson and several counts of kidnapping related to an incident on March 23 ..... 
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Harmony City Council Report: Rewriting city ordinances strikes a nerve

Fri, Dec 12th, 2003
Posted in Features

The task of rewriting Harmony’s ordinances in order to bring them up to League of Minnesota Cities standards challenged city council members on Tuesday as they reviewed the first chapter of the ordinances. City Administrator Jerome Illg pointed out t ..... 
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Area grocer gives shoppers' choice

Fri, Dec 12th, 2003
Posted in Features

When Spring Valley businessman Don Lanning opened his IGA grocery store on Spring Valley's north side in 1987, customers were treated to many conveniences and amenities not found in the small community. In just a few weeks, customers will be treated ..... 
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Fillmore County District Court

Fri, Dec 12th, 2003
Posted in Features

Felony Charges

Wayne Selmer Grant, 43, of Harmony, has been charged with child neglect endangerment, malicious punishment of a child, and domestic assault related to an incident on November 3. According to the criminal complaint ..... 
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Home for the Holidays

Fri, Dec 5th, 2003
Posted in Features

"Driving around in the city, the kids seem real upbeat. They’ve got no shoes and ragged clothes but they’re still smilin’. If they can persevere, anyone can do it."   Specialist E 4 Tim Bisek,   NaJaf ..... 
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Fabian orders city of Preston to issue building permit to Mausts

Fri, Dec 5th, 2003
Posted in Features

On Wednesday, December 3, Houston County District Court Judge James Fabian ruled that the city of Preston must issue a building permit to Robert and Elaine Maust. The Mausts are the developers proposing to build the Heartland Energy & Recycling plant ..... 
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