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Preston 2007 street and utility improvments go forward


Fri, Mar 23rd, 2007
Posted in Government

PRESTON - The Preston City Council voted unanimously to go ahead with the order for plans and specifications for the 2007 street and utility improvements at their March 19 meeting. Because of the tight time frame the council had no choice but to take the next step or loose another year to get needed work done.

Mayor Kurt Reicks insisted that the work "needs to be done" if we want to get streets in order and maintained. Brett Grabau with Bonestroo and Associates suggested that part of the project could be bid as an alternate in case bids came in too high. He warned that if the project size were to be reduced by not doing one of the four proposed areas that it would result in the average price of bituminous being raised for the reduced project because of smaller volume.

Financing

Mike Bubany of David Drown and Associates detailed financing options. He explained three ways of selling bonds; a) a competitive sale for large bonds where it is put out for bid usually getting the best deal, b)a negotiated sale with a bank usually best for short term small loans, and c) a pooled debt program through the Minnesota Rural Water Association. The third option is relatively new and would allow for a small unrated city (by Moody's or Standard and Poor's) like Preston to get rated with a large group of participating cities in a joint powers program allowing it to qualify for a lower interest rate. Bubany suggested that the program allows a small city to "enjoy interest savings from a rated bond without having to be rated yourself." He answered the concern about liability. A city in the program would not be responsible for a default of another participating city. Bubany noted that this was being brought up as an option and would probably not work with the time table of the 2007 project. David Joerg asked what kind of rating it could get through the program. Bubany answered that it would get AA-.

Mr. Bubany also suggested that the city call its old 1998 bond and roll it into the new bond to save some money. He encouraged the city to take the loan for the shortest term possible, probably ten years.

City Administrator Joe Hoffman explained that the project costs for part of Main Street, Center Street, the Valley Street area, and the Corn Cob Acre area will be broken up between water, sewer, storm, and street portions. Some cash will be spent down from the storm water utility fund. Dollars recently being budgeted to pay off the 1996 bon .....
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Spring Valley raises sewer rates by $2.00

Fri, Mar 16th, 2007
Posted in Government

SPRING VALLEY - Residents will be paying more for sewer service as a result of City Council action on March 12. With three members of the Council at the meeting, it was decided to increase the base rate by $2.00. This will mean that the average resi ..... 
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Debate begins on Rushford police protection

Fri, Mar 16th, 2007
Posted in Government

RUSHFORD - Police protection has been a hot topic recently with both the city of Rushford and the city of Rushford Village; on March 12 the Rushford City Council discussed the issue at their regular council meeting. Emails and letters have gone back ..... 
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Boyd reports to county board

Fri, Mar 16th, 2007
Posted in Government



PRESTON - The county board faced a light agenda at their March 13 meeting. Social Service Director Thomas Boyd updated the board on Fillmore County's position with the disbanding of the Root River Education District (RRED). An article going ..... 
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Harmony City Council Report: Council looks at police contract, new squad car

Fri, Mar 16th, 2007
Posted in Government



HARMONY - Fillmore County Sheriff Daryl Jensen attended the Harmony City Council meeting on March 13 to talk about the new police contract. The council approved the contract, with no changes being made from the previous agreemeent. Jensen pr ..... 
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Preston citizens share questions and concerns about assessments

Fri, Mar 16th, 2007
Posted in Government

PRESTON - A strong showing of Preston property owners first listened to, then questioned Joe Palen and Brett Grabau of Bonestroo and Associates about the proposed improvements and the estimated assessments at a public hearing held at Christ Lutheran ..... 
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Tourism growth noted

Fri, Mar 9th, 2007
Posted in Government

PRESTON - County board members dealt with a light agenda at their March 6 meeting. Commissioner Duane Bakke was absent.

Deb Thompson and Holly Zuck of the Preston Tourism Committee offered statewide and county statistics demonstrating the gr ..... 
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Lanesboro has "snow" problems

Fri, Mar 9th, 2007
Posted in Government

LANESBORO - The Lanesboro City Council spent much of its regular March 5 council meeting dealing with snow problems. The first snow related issue was the consideration of a snow emergency ordinance for city streets. Currently no parking is permitted ..... 
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Agreement with Family Dollar okayed

Fri, Mar 9th, 2007
Posted in Government

PRESTON - Members of the Preston City Council wrapped up their business in less than a half hour at their March 5 meeting. Mayor Pro-tem Heath Mensink chaired the meeting in the absence of Mayor Kurt Reicks.

A development agreement with Sore ..... 
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