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Thursday, July 24th, 2014
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Preston approves bond sale for 2014 street projects


Fri, Jul 11th, 2014
Posted in Preston Government

At the July 7 Preston City Council meeting, Mike Bubany, David Drown and Associates, informed the council that the city’s favorable “AA/Stable” Standard and Poor’s rating had been reaffirmed. Councilman David Harrison was absent.

The city received five bids for the $4.15 million bond sale. A resolution to approve the lowest cost bond sale bid from Robert W. Baird & Co. was unanimously adopted. The bond is to be repaid over 15 years with a net interest rate of 2.76 percent. The average tax levy needed to service the bond each year will be approximately $268,000.

Nehemiah Family Services

The Planning and Zoning commission had held a public hearing on the application from Nehemiah Family Services to hold substance abuse counseling sessions. The sessions are to be held on Sunday afternoons at the Preston United Methodist Church. City Administrator Joe Hoffman explained this would be under the umbrella of a health clinic which is a permitted conditional use in R-2 districts. There was no comment from the public at the P & Z meeting.

Pastor Billy Edwards spoke about the licensed outpatient treatment program. He said the church board approved the use of the church for the support group sessions. The council approved the CUP as recommended by P & Z with no conditions.

Revolving Loan Approved

Craig Bond and Justin Jones had requested a loan from the EDA revolving loan fund to aide in their purchase of equipment and inventory at Preston Service Plus. Jones and Bond LLC are purchasing the building, land, and business from the current owners. The bank and the EDA are not participating in the land purchase.

The EDA loan ($21,250) will be in second position to F & M Bank. The revolving loan is to be paid back over five years at 2.5 percent interest. Jones has worked for Service Plus for 17 years. The EDA loan will help with the succession of an existing business in the city. The loan was approved as recommended by the EDA.

Prior to the loan approval the revolving loan limit was raised from $15,000 to $25,000. EDA Director Cathy Enerson said the $15,000 figure was a bit low for participation in equipment purchases. Hoffman said the EDA cannot lend out more than is in the fund, so the higher cap will likely mean fewer loans. The amendment to raise the cap, amending the guidelines, on the commercial incentive plus improvement revolving loan fund was appro .....
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North Preston regional pond planned

Fri, Jun 20th, 2014
Posted in Preston Government

Brett Grabau, Stantec, reviewed the feasibility report for a North Regional Pond at the Preston City Council’s June 16 meeting. Early in April when Grabau discussed the details of the feasibility study for the proposed North Industrial Park, se ..... 
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Preston to receive DEED grants

Fri, Jun 6th, 2014
Posted in Preston Government

City administrator Joe Hoffman announced at the city council’s June 2 meeting that the city had just received notification of grant awards from DEED (Minnesota Department of Employment and Economic Development). Mayor Kurt Reicks and Councilman Da ..... 
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Preston endorses Root River restoration project

Mon, May 26th, 2014
Posted in Preston Government

City Administrator Joe Hoffman explained the plans for the restoration project at the council’s May 19 meeting. Trout Unlimited requested the city’s endorsement for their plans to improve Root River access for anglers on land owned by the city o ..... 
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Preston street construction to start after Trout Days

Fri, May 9th, 2014
Posted in Preston Government

At the Preston City Council May 5 meeting, City Administrator Joe Hoffman provided updates on the Twenty-14 and Industrial Park projects. Contractors are expected to start Twenty-14 street projects on May 19. Construction for the street projects w ..... 
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Preston’s new industrial park to go forward

Fri, Apr 25th, 2014
Posted in Preston Government

Mike Bubany, David Drown and Associates, presented information related to the plan for Tax Increment Financing (TIF) District 8 at the Preston City Council’s April 21 meeting. Three public hearings were held related to the industrial park, includi ..... 
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Preston reviews industrial park feasibility study

Fri, Apr 11th, 2014
Posted in Preston Government

City Engineer Brett Grabau, Stantec, presented his feasibility report for the North Industrial Park and utility improvements at the Preston City Council’s April 7 meeting. Preston attended to an unusually long agenda involving four public hearings ..... 
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Preston calls for hearing initiating TIF process

Fri, Mar 21st, 2014
Posted in Preston Government

At the March 17 Preston City Council meeting a resolution was adopted to set a public hearing on April 21 regarding a plan to set up tax increment financing district (TIF) number 8. If an industrial park is developed at the southwest corner of th ..... 
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Fragmented support for NTC’s request to get state bonding

Fri, Mar 7th, 2014
Posted in Preston Government

A resolution was adopted at the Preston City Council’s March 3 meeting to reaffirm its support of the National Trout Center (NTC) building project. In 2012 a unanimous resolution was approved stating that the City of Preston will serve as the fi ..... 
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