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Council accepts $13.88 million MPFA offer and gets water-treatment project update
Summary
The council unanimously accepted a Minnesota Public Facilities Authority offer to purchase a $13,876,914 water-revenue note to consolidate financing for the city’s water-treatment rehabilitation, and heard an on-site update from the project team about demolition, new equipment and schedule.
The City of International Falls council unanimously adopted a resolution accepting the Minnesota Public Facilities Authority’s (MPFA) offer to purchase a $13,876,914 general obligation water revenue note of 2026 and authorized the bond purchase and project loan agreement that will consolidate long-term financing for the water-treatment plant rehabilitation.
Mayor and staff framed the financing action as the final step to wrap up…
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