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Harmony City Council approves sale of Heritage Grove


Fri, Jun 14th, 2013
Posted in Harmony Government

By Jade Sexton

The Harmony City Council and the Economic Development Authority (EDA) held a special joint meeting on June 11 to discuss the purchase offer for the Heritage Grove assisted living center.

Remax Realtor Roxanne Johnson was present, as was Ron Braasch of Braasch Commercial Real Estate. Mark Dickson attended representing the Oxford managing company that has managed Heritage Grove for the last few years.

EDA President Chris Skaalen explained the purchase agreement was signed by the EDA and the buyers, but needed final approval from the city council.

The council approved the purchase agreement with Clara House, LLC for $2 million.

Mayor Steve Donney said the EDA and the city have been looking to sell the property for a long time, and there aren’t many buyers out there. Councilor Jim Bakken agreed. “I think it’s as good an offer as we’re going to get,” he said.

Roxanne Johnson agreed. “This property belongs in the private sector,” she said. “That was the goal all along.”

Mike Bubany of David Drown Associates, explained the city has outstanding debt on the property that makes selling more complicated. The bond has a call option, which means the city agreed not to pre-pay the amount for eight years, which will be up in 2016. He explained creating an escrow that would allow the repay the bonds. It costs money to create an escrow, and with the principal, the fees, and escrow costs, the amount comes to around $2.5 million. This leaves the city with a $500,000 shortfall.

Bubany mentioned that Heritage Grove will now be a taxable property, which it has never been since it was owned by the EDA. The city can expect to receive $25,000 in taxes next year. The city could use a tax abatement to cover the shortfall. They would have to have a public hearing to inform residents that the taxes on the property can cover the principal. The interest portion would have to be paid with tax levy, and would be around $14,500 a year.

Bubany also reminded the council that the city currently budgets $40,000 a year to subsidize Heritage Grove, much more than the amount that would have to be levied.

Bubany will be meeting with the Fillmore County EDA Director Chris Gastner to discuss a possibility of county participation, as the county will also benefit from the taxes.

As for the bond sales, Bubany r .....
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Board of Review at Harmony City Council meeting

Fri, May 17th, 2013
Posted in Harmony Government

The annual Board of Review was held before the regular Harmony City Council meeting on May 14. Cindy Blagsvedt from the County Assessor’s office summarized the sales study that was conducted on residential, commercial and agricultural sales in Fil ..... 
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Harmony to purchase new ambulance

Fri, Feb 15th, 2013
Posted in Harmony Government

It was approved for the Harmony Ambulance service to go ahead with plans to purchase a new ambluance. Larry Nolan spoke to the council at their meeting on February 12. According to Nolan, the current ambulance is a 2010 with 45,000 miles. Since t ..... 
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Tax abatement hearing at the Harmony City Council meeting

Fri, Jan 11th, 2013
Posted in Harmony Government

By Jade Sexton Mike Bubany of David Drown and Associates was at the Harmony City Council meeting on January 8 for the tax abatement hearing. The city is planning to refinance a USDA bond they currently have in order to get a lower interest rate an ..... 
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Harmony City Council looks at street project

Fri, Dec 14th, 2012
Posted in Harmony Government

By Jade Sexton Brett Grabau from Bonestroo was at the Harmony City Council meeting on December 11, 2012, to discuss the street repair projects on 1st Ave SW. It is a county road, and the county is planning on doing a reclaim and repave to that enti ..... 
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Harmony City Council discusses street report

Fri, Nov 16th, 2012
Posted in Harmony Government

By Jade Sexton Engineer Brett Grabau was Bonestroo was at the Harmony City Council meeting on November 13 to talk about the street engineer report that was recently done. Grabau explained that the report looked at Harmony’s immediate and long ..... 
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Harmony City Council approves new playground equipment

Fri, Sep 14th, 2012
Posted in Harmony Government

Brand new playground equipment will be installed at Selvig Park in Harmony by next spring. At the regular city council meeting on September 11, 2012, the council approved the purchase of the equipment, moving along a project that has been in the wor ..... 
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Harmony City Council moves forward with Pavement Management Plan

Mon, Jun 18th, 2012
Posted in Harmony Government

The Harmony City Council had a Capital Improvement Plan (CIP) workshop on May 29, and they suggested Stantec come up with a proposal for a pavement management plan for the city. Brett Grabau from Bonestroo, who is partnered with Stantec, explained t ..... 
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Harmony City Council discusses property values

Mon, Apr 16th, 2012
Posted in Harmony Government

Cindy Blagsvedt from the Fillmore County Assessor’s office was at the Harmony City Council meeting on April 10 to discuss property values. A Board of Review was held before the regular meeting for residents who had questions or concerns, or wanted ..... 
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