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International Falls council approves up to $2.76 million in bonds for public works building repairs after public hearing
Summary
After a public hearing, the International Falls City Council adopted a resolution preliminarily approving up to $2,755,000 in general obligation capital improvement plan bonds to renovate two public works garages; council approved the measure 4-1 following questions about financing and the city's broader capital needs.
The International Falls City Council on Monday adopted a resolution giving preliminary approval for the issuance of general obligation capital improvement plan bonds not to exceed $2,755,000 to renovate two public works buildings.
The measure follows a statutorily required public hearing attended by Northland Securities representative George Eilertson and Public Works Director Ted Brokaw, who described the plan and the physical needs of the more-than-50-year-old equipment garage and the old Triangle bus garage. "This is a project that we've talked about for the last two years," Brokaw said. "We have some serious plumbing issues, health safety issues. Also, the outsides of the building are deteriorating terribly." Eilertson outlined the financing framework and said the package was being considered with…
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