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Sunday, May 29th, 2016
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Rushford Village secures bond; discusses Grimsrud property


By Kirsten Zoellner

Mon, May 23rd, 2016
Posted in Rushford Village Government

Following nearly three years’ worth of plans aimed at trying to get City of Rushford Village paved roadways up to good condition and under a maintenance schedule; the city has approved a bond of $878,000 through Minnesota Rural Water Association. Terms of the bond are 15 years at 2.7%.

In 2013, the city had proposed at $1.3 million street improvement project, but bonding for the project was halted due to a citizen petition. At the time, the city could either move forward with the project through other financial means or wait one year before trying again. The council chose to wait the year and brought the matter back last year with a proposed project of $1.2 million.

December 9, 2015 a public hearing was held to discuss the project and review financial options for funding it. A mock cash flow worksheet indicated the city could successfully fund the project by upping the levy, reallocating some budget funds, and bonding for additional funds. December 15, the council set the final levy to include that increase. Following the work session and public hearing, the city once again waited 30 days to see if a petition would halt the project. This time, it did not.

The project was let for bids and bids came in favorably, below estimates by project engineering firm Bolton & Menk. The bid was awarded to McHugh Excavating, the low bidder, in the amount of $665,000.

Mike Bubany, of David Drown Associates, the financial consultant for the city, has recommended the city opt against a competitive bid sale for this project, instead suggesting the city utilize the Rural Water Association funding. In doing so, the city can avoid having to seek a Standard & Poor’s rating for the city, a $10,000 cost. As Bubany noted, this also keeps the city from needing annual surveillance by the rating agency, which can be “burdensome”. Using Rural Water Association, the city also avoids needing a pay agent and has more favorably pre-payment flexibility. This equates to bond issuance costs in the $16,000 range, as opposed to the $40,000-50,000 that a “full blown issuance” could cost.

Bubany stressed that the city could see some small savings by using a competitive bond sale, but only if the city received an ‘A’ rating from Standard & Poor’s, but whether or not the city could achieve that is unknown.

“I like the certainty of this deal,” said councilor Dennis Overland, before making a mot .....
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Rushford Village awards bid in road improvements

By Kirsten Zoellner

Mon, May 9th, 2016
Posted in Rushford Village Government

The Tuesday, May 3 Rushford Village council meeting, a continuation of the April 19 meeting, went without a hitch as the council tackled several road and bridge items, as well as the hire of a new city clerk. The full council was in attendance. Bo ..... 
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Bluff Tracks trail system development eyes economic impact

By Kirsten Zoellner

Mon, Apr 11th, 2016
Posted in Rushford Village The Great Outdoors

Development of a multifaceted recreational trail system, centered in the Rushford Peterson Valley, continues to gain momentum. The Bluff Tracks Recreational Trail System seeks to enhance the existing natural beauty of the area, while providing a var ..... 
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Rushford Village comes to temporary terms with parking issue

By Kirsten Zoellner

Mon, Mar 21st, 2016
Posted in Rushford Village Government

At the Tuesday, March 15 meeting, the Rushford Village council discussed an ongoing ordinance violation regarding on-street parking by Featherstone Farms. Featherstone owner/operator Jack Heddin was present at the meeting to help determine a plan of ..... 
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Rushford Council discusses options for vacant liquor store site

By Kirsten Zoellner

Mon, Feb 29th, 2016
Posted in Rushford Village Government

Following a 5:30 p.m. work session, Monday, February 22, the Rushford City Council dove into a lengthy discussion regarding review of the building at 409 S. Elm Street, the vacant and former Municipal Liquor Store, and consideration of potential pla ..... 
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Rushford Village continues meeting prior to disaster training

By Kirsten Zoellner

Mon, Feb 22nd, 2016
Posted in Rushford Village Government

With the February 2 meeting canceled due to an area storm that caused widespread highway closings, the Rushford Village council picked up the agenda items at their second meeting of the month, Tuesday, February 17. In a swift meeting, the council di ..... 
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R-P community continues to support our school leaders

Mon, Feb 1st, 2016
Posted in Rushford Village Commentary

Our community has been blessed with a forward thinking superintendent, Mr. Ehler, and a school board that has brought us so far since 2007. Shortly prior to the 2007 flood, Mr. Chuck Ehler was hired by a school board who believed he was the person ..... 
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Rushford Village preps for new year

By Kirsten Zoellner

Mon, Jan 25th, 2016
Posted in Rushford Village Government

The brief Tuesday, January 5 Rushford Village Council meeting highlighted assignments, designations, and other annual housekeeping for the city. Councilor Dennis Overland was once again nominated and approved as mayor pro tem, acting in place of M ..... 
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Rushford Village preps for new year

By Kirsten Zoellner

Mon, Jan 11th, 2016
Posted in Rushford Village Government

The brief Tuesday, January 5 Rushford Village Council meeting highlighted assignments, designations, and other annual housekeeping for the city. Councilor Dennis Overland was once again nominated and approved as mayor pro tem, acting in place of M ..... 
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