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Water tower bids come in $400,000 over estimates

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Economic factors from around the globe are affecting Main Street Perham--and it isn't only at the gas pump.

It will cost $400,000 more than anticipated to build a new, million gallon tank water tower in the city of Perham.

Reason: Steel costs have risen 50 percent in less than two years, largely due to foreign demand--particularly in China.

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