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Lanesboro approves financing for water project


Fri, Feb 7th, 2014
Posted in Lanesboro Government

Mike Bubany of David Drown Associates spoke to the Lanesboro City Council during their regular meeting on February 4. At the last meeting, the council discussed interim financing for the Water Radium project.

Funding from the Minnesota Public Facilities Authority (PFA) will come in September, but Bubany explained how they can fund the project in the meantime. The MWRA Midi-Loan program would give them up to $1.5 million to use.

Bubany explained some of the benefits of this financing. First of all, there is $10,000-$20,000 less of an issuance cost than an open market bond. There is also a quick turnaround, and the city can take what it needs each month and only pay interest on what they use.

The city cannot pay the loan off before August 1 or there will be a penalty. The council passed the resolution for the interim loan.

Chamber Annual Meeting

The Lanesboro Chamber of Commerce held their annual meeting in January. Councilor Ceil Allen said there were two new members elected. She said the Chamber is happy with the direction it took this last year and wants to continue.

On February 20 from 6-8 p.m. there will be an open house at the Commonweal Theater to recognize Julie Kiehne’s years of work for the Chamber. Kiehne has recently left her position.

Repairs needed

Todd explained the repairs needed to the fire system at the community center. He said the city has 60 days to be in compliance of state statutes. The council approved the $700 needed for the testing and repairs.

Also, the city website is in need of some updating. Todd explained some of the software is out of date and not compatible with the programs run by the city. The patch to fix this problem costs $600. The council approved this patch. The Public Utilities Commission will share the cost since some of the software is used for utility billing.

Library

Library board member Keith Ekstrom said there were more than 14,000 visitors to the public library last year, and 23,350 items checked out. This number is a 10 percent increase over the last four years.

Ekstrom added there are six new computers, and they have added a “Norwegian Author” section to the library with books that were donated.

Other business

An application for membership in the EDA (Economic Development Authority) was approved for Catherine Glynn. There is still one position open.

It was approved to have John Dahle on the HPC (Heritage Preservation Commission)

The council approved a $250 donation to SMIF (Southern Minnesota Initiative Foundation), which is the same amount that was donated last year.

Lodging licenses for 2014 were all approved.

The annual ambulance contract with Fillmore County was approved.

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