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Harmony City Council Report: Council discusses Industrial Park TIF


Fri, Sep 17th, 2004
Posted in Features

Mike Bubany of David Drown & Associates briefed the Harmony City Council at their September 14 meeting on the upcoming Tax Increment Financing Amendment. A public hearing will be held on the matter on October 12.

The city of Harmony will finance public improvements to the industrial park ($470,114) as well as refinance outstanding bonds ($480,000), raising $950,114.

Bubany indicated that the First State Bank of Harmony has tentatively agreed to finance the bonds. This could change if the bond market suddenly changes.

At present market rates, the city stands to save approximately $23,000 by refinancing the old bonds. Bubany said that the city would have to re-evaluate the situation in the event that interest rates go up.

As the industrial park money is not needed until the spring of 2005, one strategy would have the city leaving the existing bonds in place and only choosing to finance the industrial park project.

In a related matter, the city awarded the contract for design and construction supervision of the industrial park project to Bonestroo & Associates for a price not to exceed $50,976. This is approximately $6,000 less than proposed by the company prior to a request for proposal process.

The industrial park project comes on the announcement that two lots in the park have been sold to CO2 Transport, who will build a facility to house and service tankers transporting carbon dioxide from the ethanol plant in Preston.

Electric Contract

The city council approved an agreement between the city, Tri-County Electrical Cooperative, and Dairyland Power that will allow the city to buy electricity at a preferential cost-based rate for municipalities. The agreement is through December 31, 2024.

Brian Krambeer, General Manager of Tri-County, told the council that the agreement will lock the city into a price for electricity that is below wholesale rates..

This will allow the city to get around the volatility of price increases and the cyclical nature of the market, Krambeer said.

Conservation Club

Following considerable discussion, the city council approved a 20 year lease for the Conservation Club. Bill Hanlon told the council that the club was hoping for a long-term lease so as to ensure that the ne .....
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Presidential candidate visits Preston

Fri, Sep 10th, 2004
Posted in Features

PRESTON - While Democratic presidential candidate John Kerry was busy visiting Rochester on Wednesday, another presidential candidate was making the rounds of southeastern Minnesota.

Thomas Harens is the presidential candidate f ..... 
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Decorah City Council calls for environmental review of Heartland

Fri, Sep 10th, 2004
Posted in Features

DECORAH - On Tuesday, September 7, the Decorah City Council passed a resolution calling for an environmental review of the proposed Heartland tire-burning facility in Preston. Concerned about the potential impact of air pollution from the north, the ..... 
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Commissioners Report: County enters discussion with Marzolf on county farm

Fri, Sep 10th, 2004
Posted in Features

The Fillmore County Board rejected all bids for the county farm at their Tuesday, September 7, meeting with the exception of two bids received from Preston area farmer Erlyn Marzolf.

Marzolf made two bids: one bid of $664,100 f ..... 
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Spring Valley man arrested on cocaine charges

Fri, Sep 10th, 2004
Posted in Features

Troy Mile Buchanan, 31, of Spring Valley, was charged in Fillmore County District Court on Tuesday, September 7, with three felony counts of possession of cocaine with the intent to sell. Buchanan, who was in the Fillmore County courtroom, appeared b ..... 
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Rushford City Council Report: Location, location, location

Fri, Sep 10th, 2004
Posted in Features

RUSHFORD - Usually a buzzword for real estate, location was important Wednesday night, September 8th, for a special kind of real estate. The Rushford City Council held a joint work session with the Electric Commission to look at the bids on construct ..... 
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Wherever the Road Winds

Fri, Sep 10th, 2004
Posted in Features

LANESBORO - The continental United States is nearly 3,000 miles wide from sea to shining sea. How long would that take to drive in a car? If one was to abide by the speed limits, about 44 and a half hours of straight driving. How long would that ta ..... 
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Filings set for November elections

Fri, Sep 10th, 2004
Posted in Features

The filing deadline for running for city offices in the upcoming general election closed on Tuesday, September 7. Appearing on the Tuesday, November 2 ballot will be candidates for the following offices:

Canton

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Lanesboro City Council Report: Site selected for proposed skatepark

Fri, Sep 10th, 2004
Posted in Features

David Applen returned to the Lanesboro City Council meeting on September 7, to follow up on site selection for the proposed skatepark. The council had checked with the DNR on the possibility of using the parking lot at the Bass Pond for the park. The ..... 
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