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EDA and DEED agree on Rushford relief package


Fri, Oct 26th, 2007
Posted in Government

RUSHFORD - The Rushford EDA quickly and unanimously approved taking a second-bite at the disaster recovery apple in a special afternoon meeting.

As outlined by consultant Chuck Pettipiece, a revised community application - pre-approved by DEED - would be submitted to the city council for approval in back-to-back meetings on Monday, October 22 before being submitted to DEED for final approval on Tuesday.

Highlights of

the Revised Plan

• Flood damaged businesses - referred to as Category-1 - would be eligible for loans up to 90-percent forgivable. The 10-percent portion repaid would be returned to a City economic development fund. Repayment interest rate would be set at 1-percent-plus-servicing for an estimated rate of around 2-percent.

• Category-2 businesses, those undamaged but financially disadvantaged by the flood, would be eligible for low-interest loans only.

• No funds would be repaid to the State revolving fund.

• No businesses would be eligible for pre-flood loan refinancing.

• The initial round of loans would be capped at $750,000 per business to ensure that $17-million in funding made available for Rushford businesses would service the entire business community. Funds remaining after round-one would be available to businesses with remaining needs.

• Loans would be available for businesses to change or expand their pre-flood condition. For example, businesses would be allowed to borrow under special terms to relocate within the City, to purchase real estate and/or build new facilities in another location.

• Recovery loans would be available until June 30, 2009.

• SBA loans would not be required.

• Personal data requirements would be minimized.

For the local business community as well as all of the elected, appointed and consulting officials who've worked since the flood to estimate damages and negotiate disaster recovery terms with State and Federal bureaucrats, the revised community application signaled a hard-fought shift in policy. Previous "deals" offered by DEED featured far greater forgivable-to-repayable shares. Low-interest-rates had previously been set at 4-percent. SBA loans - and the attendant reams of paperwork filled with personal data about ownership, partnership and family - were at one time prerequisites to State funding. That's been changed. And, up until the October 17 Senate hearing in St. .....
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Rushford City Council Report: Council approves new flood relief plan

Fri, Oct 26th, 2007
Posted in Government

The Rushford City Council wasted no time in approving a new flood relief application to DEED (Department of Employment and Economic Development) that they hope represents a reversal in fortune for the ailing city at the October 22 meeting.

I ..... 
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Street improvement hearing draws crowd

Fri, Oct 26th, 2007
Posted in Government

SPRING VALLEY - There was standing room only at the Spring Valley City Council meeting Monday night, October 22. The public hearing for the proposed improvement project for Hudson/Jefferson and Courtland Streets drew approximately 50 people that had ..... 
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Commissioners Report: County Board deals with personnel changes

Fri, Oct 26th, 2007
Posted in Government

PRESTON - The County Commissioners dealt with personnel additions and replacements at their October 23 meeting. County Assessor Robert Pickett submitted his resignation effective December 28, 2007. The resignation was accepted with thanks for many y ..... 
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Fillmore County Zoning & Planning Commission: Old Spring Valley Creamery site rezoned commercial

Fri, Oct 19th, 2007
Posted in Government

PRESTON - The Fillmore County Planning & Zoning Commission, at their Thursday, October 18 meeting, unanimously approved rezoning property belonging to Terry Fetterly in Section 34 of Spring Valley Township from agricultural to commercial. Fetterly i ..... 
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Lanesboro City Council Report: Council continues discussion of Capital Improvement Projects

Fri, Oct 19th, 2007
Posted in Government

LANESBORO - The Lanesboro City Council members have plans and major decisions to make in the near future when it comes to Capital Improvement Projects. There are several projects, including street repairs and sewer and water issues that need to be d ..... 
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Preston City Council Report: Weather affects street work

Fri, Oct 19th, 2007
Posted in Government

PRESTON - The soggy weather conditions that are plaguing the area have continued to delay the 2007 street improvements. Preston City Council members approved a measure extending the contract for an open ended completion date at their October 16 meet ..... 
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Flood issues preoccupy Rushford and city council

Fri, Oct 12th, 2007
Posted in Government

RUSHFORD - The brittle rubble of a flood-wrecked Rushford home swings through midair in the steel maw of a powerful machine then drops into a Red Box container at the curb sending a wind-pushed plume of blue dust across the street into windowless ho ..... 
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Spring Valley City Council Report: Council approves contract with Waste Management

Fri, Oct 12th, 2007
Posted in Government

SPRING VALLEY - The Spring Valley City Council met Monday night, October 8 and gave final approval to the contract with Waste Management. Waste Management had included an extra day of service for an event and fuel adjustment cost to the document at ..... 
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