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Forest Lake Council approves street reconstruction plan and authorizes presale for $5.5 million bonds for North Shore project
Summary
After a public hearing with no public comment, the council adopted a street reconstruction plan and approved a resolution authorizing the presale/issuance of up to $5,500,000 in general obligation street reconstruction bonds for the North Shore project; Ehlers will solicit bids and return to council with results in May.
The Forest Lake City Council adopted a street reconstruction plan and authorized staff to proceed with a bond presale that could provide up to $5,500,000 to fund street reconstruction that includes work on the North Shore project.
Dan Titra of Ehlers explained the statutory process for street reconstruction financing in Minnesota: publish notice, hold a public hearing, adopt a reconstruction plan, observe a…
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