City adjusts loan for KleenTec expansion project
Published 12:00 am Tuesday, August 13, 2002
The city council Monday approved changing the loan terms it has with D.J. Development Company, Kleentec. The loan, which will go toward an expansion building for their business, was changed from a seven-year loan to a 15-year loan without a seven-year balloon payment.
The loan was made under the conditions that the expansion will provide for 10 new jobs. If this condition is not met, the loan will be terminated and paid back.
In other city news Monday:
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– The council heard from Richard Seelye, who voiced concern that the city look into more frequent mosquito spraying. He also indicated some disdain that the alleys were no longer being sprayed.
Mayor Bob Haukoos replied with assurances that residents will notice a big drop in the number of mosquitoes after the next few sprayings. City Manager Paul Sparks also noted that spraying in alleys would drive up costs to the city.
In addition Sparks added that the Minnesota Department of Health has said that Albert Lea is in no immediate danger from the mosquito-borne West Nile Virus, which has infected several horses in the state and can be transmitted to humans.
– The city denied a request to add a crosswalk from the Channel View apartments to the Food and Fuel, saying that adding the cross walk would be dangerous on such a busy road. The council did approve a motion to apply for a sign which would be put up in the area indicating that a deaf child lives nearby.
– The council approved a motion for the transfering from tax-increment financing (TIF) funds to several other funds due to receipts of the county tax monies that were paid in the spring.
– The council approved a $15,000 advance from the general fund to the Farmland TIF district to cover costs incurred on the Farmland site.