PELICAN RAPIDS RECEIVES LOW-INTEREST LOAN FOR WATER TREATMENT INFRASTRUCTURE
September 30, 2008
September 30, 2008
ST. PAUL, Minn., Sept. 30 -- The Minnesota Department of Employment and Economic Development issued the following news release:
Pelican Rapids in western Minnesota received a low-interest loan of $306,500 from the Minnesota Public Facilities Authority (PFA) to help pay for improvements to the city's drinking water treatment system.
The loan, financed at 2.4 percent over 20 years, will save local taxpayers $68,000 in debt service costs compared with borrowing at . . .
Pelican Rapids in western Minnesota received a low-interest loan of $306,500 from the Minnesota Public Facilities Authority (PFA) to help pay for improvements to the city's drinking water treatment system.
The loan, financed at 2.4 percent over 20 years, will save local taxpayers $68,000 in debt service costs compared with borrowing at . . .