Elizabeth gets state help for water treatment facility
Published Saturday, August 4, 2007
The City of Elizabeth will receive financial assistance from the state to help in the construction of a new water treatment plant. The financing package consists of a $627,450 20-year loan from the Drinking Water Revolving Fund and $500,000 from the Disadvantaged Community Supplemental Assistance Fund.
"Financial assistance programs like these are absolutely essential to the viability of small communities," said Sen. Dan Skogen, DFL - Hewitt. "By developing these statewide programs, we can ensure that even the smallest communities can afford to upgrade their essential services, and keep their citizens safe and healthy without dramatically increasing their property tax burden."
State officials estimate that the aid will save local taxpayers $487,300 in debt service costs compared to paying for the project through general obligation bonds at current market rates.
"The City of Elizabeth should be commended for finding innovative ways to address city issues and save taxpayers money," said Skogen. "This project is an excellent example of state and local governments teaming together to provide essential services in the most equitable way possible."
Comments
The Daily Journal is happy to host community conversations about news and life in Fergus Falls and the surrounding area. As hosts, we expect guests will show respect for each other. That means we don't threaten or defame each other, and we keep conversations free of personal attacks. Witty is great. Abusive is not. If you think a post violates these standards, don't escalate the situation. Instead, flag the comment to alert us. We'll take action if necessary. It's not hard. This should be a place where people want to read and contribute -- a place for spirited exchanges of opinion. So those who persist with racist, defamatory or abusive postings risk losing the privilege to post at all.Post a comment
(Requires free registration.)