Flash floods, power outages, stranded motorists and now the Cannon is receding
The torrential rain last night caused flash flooding, some power outages and a downed tree on Wall Street near the Golf Course. That has been cleared and roads are open. Rice County Sheriff Troy Dunn says they had many reports of rushing water on county and city roads. They stationed emergency vehicles in certain areas to assist motorists should they need it. Deputy Chief Chuck Walerius reports that approximately 10 vehicles were stranded but only 2 needed rescuing. A woman was rescued at Lincoln St. and Cannon Valley Place. The water was reportedly up to her waist. Sheriff Dunn says crews are out all over the county clearing debris and repairing washed out shoulders. Walerius said the river came up about 3 feet but is already starting to recede. Had the rain been heavier in Owatonna, it would’ve been a different story.
Taste organizers hoping to set another date
While organizers of the Taste of Northfield tried desperately to hold out hope, in the end, they had to cancel last night’s event. NDDC Board member, Dan Bergeson, said they were upset to have to postpone but plan to set another date possibly in July.
Lease Revenue bonds explained
The Northfield city council last week approved the use of Lease Revenue Bonds to fund the new Public Safety Center. These are not General Obligation bonds therefore Finance Director Kathleen McBride is recommending a negotiation process that would call for RFP’s from banks, underwriters and possibly individuals. Request For Proposals are more flexible. McBride says they would then negotiate price. She recommends approval from the council at their June 26th meeting. At that time council would establish a “not to exceed” amount. The purchase of the Cowles property will have to be completed prior to the sale of the bonds. The land will be used as the leasing mechanism through the HRA. The earliest date the bonds could be sold would be August 7th, but likely it will be later.
The HRA hears their role in Lease Revenue Bonds
The HRA met last night and heard from City Administrator Tim Madigan and Councilor Erica Zweifel about Lease Revenue bonds and the HRA’s involvement. Michelle Merxbauer says the HRA has about 10 and a half million dollars to fund projects and right now they have no other requests. HRA members will take in the information and formulate questions then get with the council for further discussion. The meeting is archived online at kymnradio.net.
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