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Crookston City council accepts $3.3 million EDA grant and approves short‑term bonding to fill funding gap
Summary
The Crookston City Council voted 5–3 to accept a $3.3 million U.S. Economic Development Administration grant for infrastructure at the Crookston Industrial Park and authorized staff to pursue temporary bonding to cover an estimated $3.8 million local funding gap, while raising questions about tax impacts and utility capacity.
The Crookston City Council voted 5–3 to accept a $3.3 million grant from the U.S. Economic Development Administration to help build roads, water, sewer and related infrastructure at the Crookston Industrial Park and to pursue short‑term municipal bonding to cover the remaining project costs.
Taylor Wyam, project coordinator for the city of Crookston, told the council the total project cost is about $7.1 million, leaving a funding gap of roughly $3.8 million. Wyam described the staff recommendation to use a temporary bond — an interest‑only financing with a three‑year term and the option to extend one additional three‑year term — to bridge costs until grants reimburse or industrial lots are sold.
The city’s materials show a worst‑case temporary bond payment on…
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