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Preston to proceed with planning for 2014 street project


Fri, Feb 8th, 2013
Posted in Preston Government

City Administer Joe Hoffman reviewed at the council’s February 5 meeting estimated levy increases that would be necessary over a twenty year period to finance the Twenty-14 street project.

Hoffman explained one scenario for the street improvements which are estimated to cost $4 million. This plan would have the work being done in two parts, half in 2014 and half in 2018. Fifty percent of the cost of the work would be assessed. Each $2 million bond would be paid off over 15 years. The city’s existing bond debt payments will end in 2016 to 2019.

It was estimated for this scenario that the interest rate on the bonds would be 3.25 percent. Councilman Robert Maust suggested that it may be cost effective to take advantage of the unusually low interest rates that are available now. Maust maintained money is cheap right now. He questioned whether it would be more economical because of current low interest rates to do the work in one year rather than in two parts.

Hoffman said there are a lot of variables and a lot could change. Certain citizens could get a triple ‘whammy’ as they would have an increase in property taxes, assessments, and utility rate increases. Utility costs were not included in Hoffman’s numbers, but some improvements that would be done concurrent with the street work would likely cause an increase in utility rates.

Hoffman added that he expected they will get better life out of the streets and utilities as they intend to be more vigilant with maintenance to make them last longer.

The council unanimously approved a motion to have the staff with the help of the city engineer prioritize the streets and then prepare a proposed project and budget.

Small Cities Grant

Gerry Krage, SEMCAC Community Development Director, during a public hearing reviewed the Small Cities Development Program (SCDP) as related to the proposed project in Preston including Vesterheim apartments and 15 owner occupied rehabs. The owner occupied home owners that qualify can get a maximum of $22,000 in a deferred loan at 0 percent interest for seven years. If the owner stays in the home for the seven years, the loan becomes a grant.

Bluff Country HRA is administering the funds. The total funding from the Minnesota Department of Employment and Economic Development (DEED) is $371,250 for the owner occupied homes and $100,000 for Vesterheim. The total project in .....
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St. Paul Street improvement

Fri, Jan 25th, 2013
Posted in Preston Government

Public Works Director Jim Bakken reported at the Preston City Council’s January 22 meeting that the county is considering a mill and overlay project on CSAH 17 (St. Paul Street) from Fillmore Street to the south bridge, before the power plant. Co ..... 
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Preston Ambulance to provide education incentive

Fri, Jan 11th, 2013
Posted in Preston Government

By Karen Reisner The Preston City Council at their first meeting in 2013 approved financial incentives for EMTs and First Responders for the completion of up to twenty hours of additional education through a Transitional Course. Twenty-four hours ..... 
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Robert Maust joins Preston Council

Fri, Dec 7th, 2012
Posted in Preston Government

The Preston City Council during their December 4 meeting filled the open seat left by the resignation of Kay Spangler effective December 1. Spangler’s resignation was accepted as she and her husband were moving to Chatfield. Early in November the ..... 
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Preston utility rates remain competitive despite increase

Fri, Dec 7th, 2012
Posted in Preston Government

Preston, Minn – The commission of the Preston Public Utilities (PPU) approved a five percent increase in electric, water and sewer charges for all residential, commercial and industrial customers. The increase will take effect January 1, 2013. T ..... 
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Greenleafton established as subordinate service district

Fri, Nov 16th, 2012
Posted in Preston Government

Several Greenleafton residents addressed the county commissioners raising their concerns and questions about the Greenleafton wastewater treatment project at the November 13 board meeting. Sheila Craig, Southeast Minnesota Wastewater Initiative, and ..... 
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Preston extends Small Cities Grant application

Fri, Nov 9th, 2012
Posted in Preston Government

City Administrator Joe Hoffman explained at the city council’s November 5 meeting that the Department of Employment and Economic Development (DEED) has suggested the city extend their preliminary application to include single family homes. Counci ..... 
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Preston City Hall remodel progressing

Fri, Oct 19th, 2012
Posted in Preston Government

By Karen Reisner The Preston City Council for the first time in over a month met in their city council chambers for their October 15 meeting. The last few meetings have been held in the fire hall while city hall was being remodeled. Councilman Da ..... 
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Preston reviews street assessment report

Fri, Oct 5th, 2012
Posted in Preston Government

Brett Grabau, Stantec, reported on the street assessment completed by his firm at the Preston City Council’s October 1 meeting. Councilman David Harrison was absent. The purpose of the detailed street assessment is to help the city council and s ..... 
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