During a special Worthington City Council meeting on Friday, a resolution to accept a general obligation wastewater revenue note for improvements to the municipal wastewater treatment facility was approved unanimously by council members.
An application for financing improvements to the wastewater treatment was previously approved by the Minnesota Public Facilities Authority in the amount of $30,322,821. The loan has a 20-year term at 1 percent interest.
The loan will be repaid with Worthington Public Utilities municipal wastewater fund reserves and user rates. In accordance with Minnesota statutes, the Water and Light Commission delegated to the city council the authority to establish the terms of its notes in order to finance the cost of improvements to its wastewater treatment system.
Worthington Mayor Mike Kuhle inquired on Friday if the 20-year-loan would hamper the city’s long-term finances in any way, and he was offered the assurance that it wouldn’t. Kuhle also credited Worthington Public Utilities Scott Hain for pointing out the need for language changes in an earlier draft of the loan. The needed amendments have in turn been made.
Also during Friday’s meeting, council members unanimously approved a quote from Harvey Sign Service of Worthington for signage at the new JBS Field House and Recreation Center currently under construction. The sign will be a double-sided, illuminated cabinet monument that will be placed on the Second Avenue side of the project site; it will be supported by a pair of structural steel columns. Cost for the monument sign and support columns is $50,697, not including surrounding landscaping.
Additionally, the council approved with no dissent a quote from Harvey Sign Service of Worthington for proposed digital display signage at the new field house. The digital sign is a two-sided, high-definition display and will be integrated in the above-noted cabinet monument sign. The digital display will allow field house staff to advertise activities and the building’s schedule, as well as promote Chamber of Commerce and civic events. The cost of the digital display is $48,370.
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