Archive - Oct 2016

To the Editor:
The fact that we had no special legislative session this summer shouldn’t surprise anyone, since it followed two years of inaction by the state Legislature. Obviously, the people now representing us are incapable of getting the job done, so it’s time for them to be replaced.
After two years of wrangling, we were left with no property tax relief, no transportation bill, and no public works or bonding bill, all of which hurt rural Minnesota much more than the metro, and why? Light rail.

As we enter into the middle of October, we have a short week because of the Education Minnesota Conference break and holding parent-teacher conferences. While there will be no school for our students on those days, there will still be lots of activity in and around our schools. Construction will continue, and progress is being made each and every day.

In what could be a record 23-minute meeting, the Glencoe City Council reviewed an option to refinance municipal bonds, issued in 2010, at its Monday, Oct. 17, meeting.
City Administrator Mark Larson and Finance Director Todd Trippel have reviewed options to refinance $1.505 million in taxable Build America Bonds (BABs).
BABs were issued by the federal government around 2010 in an effort to stimulate the economy, with the government paying a portion of the interest.
The city issued the bonds to pay a portion of the Glencoe City Center project.