Robert W. Baird & Co. Inc., of Milwaukee, Wis., was the lowest bidder on the General Obligation Bonds for the 2020 Industrial Park Project.
The Perham City Council heard the bid at its Monday, June 8, meeting.
Baird made the bid for a 15-year bond that was reduced by $95,000 due to the premium on the bond and, if need be, can be refinanced in 2029. The interest rate on the bond with Baird is .5% lower then the presale rate and the rate will not change over the course of the 15 years.
Because most of the Industrial Park Project is funded by grants, the general Obligation Bonds with Baird will only cover 37% of the project cost.
Other business discussed at the June 8 meeting:
Road stripping has started on the Industrial Park Project and underground construction on the sewer part of the project is planned to start in two weeks.
The semi-scale in Industrial Park will be closed due to the construction being done for the Industrial Park Project. Semi-trucks will need to arrange to use the Bongard scale until the scale in Industrial Park reopens.
A public hearing was held for Hammer’s Rental Properties proposed twin homes. The proposed twin homes fit the neighborhood that they would be built-in and no extra conditions were found necessary for the project. Finding no objection to the project proposal the city council approved a Conditional Use Permit for Hammer’s Rental Properties for the construction of the twin homes.
The city council approved St. Henry’s Catholic Church’s request for a temporary on-sale liquor license for an Aug. 16 event.
Elizabeth Fudge, Perham, came before the city council as a concerned citizen. Fudge asked what steps the city is taking in light of Black Lives Matter and systemic racism. Fudge also asked why Perham does not have a diversity board. City Manager Jonathan Smith says that not much has been done as there have not been too many issues locally. As to having a diversity board in Perham, what that would look like and how to go about forming one would need to be an ongoing conversation.
One block of West Main Street between First Avenue and Second Avenue will be blocked off for Turtle Fest, June 23-26.
The Committee of the Whole will be Wednesday, June 24, at 5:15 p.m.
Household Hazardous Waste Day will be Wednesday, July 8 at the Public ,Works Garage from 10 a.m. to 2 p.m.
The next regular City Council Meeting will be Monday, July 13, at 5:15 p.m.