Winsted City Council Secures Funding for New Well and Approves Deferred Loan for Housing Development

During the recent Winsted City Council meeting, developments included the approval of a funding arrangement for a new well installation and a deferred loan agreement to support a local housing project. The council authorized a $2 million low-interest loan from the Minnesota Public Facilities Authority to finance the installation of Well Number Five, expected to commence at the end of June. Additionally, the council approved subcontracting a deferred loan to Winstead Leased Housing LLC for the Grass Lake Apartments project, contingent on the project’s completion.

08:53The council’s decision to accept the Minnesota Public Facilities Authority’s offer for a $2 million general obligation water revenue note marks a step in addressing the city’s water supply needs. The installation of Well Number Five is scheduled to begin soon and will enhance the city’s water infrastructure. The loan provides an opportunity for the city to undertake this critical project with favorable financing terms.

11:01In another major agenda item, the council approved a subcontract agreement with Winstead Leased Housing LLC, facilitating the use of grant funding from the Minnesota Housing Finance Agency for the Grass Lake Apartments project.

14:24The council also discussed enhancements at the Weinbeck Athletic Complex, awarding a $104,015 contract to Mid Minnesota Hot Mix for sport court improvements. These enhancements include the addition of basketball hoops and pickleball courts, promising to enrich recreational facilities for the community.

12:09Further, the council authorized Bolton and Mink Incorporated to proceed with seeking a federal grant for a multi-bay hangar design project at the Winsted Municipal Airport. This initiative aims to utilize FAA entitlement funds to develop hangar facilities, potentially generating rental income for the city.

18:43Lastly, the council tackled a state equipment grant agreement for the purchase of a skid steer loader for the municipal airport, adjusting to changes in funding levels from the Minnesota Department of Transportation. The council decided to proceed, agreeing to cover the shortfall with city funds.

Note: This meeting summary was generated by AI, which can occasionally misspell names, misattribute actions, and state inaccuracies. This summary is intended to be a starting point and you should review the meeting record linked above before acting on anything you read. If we got something wrong, let us know. We’re working every day to improve our process in pursuit of universal local government transparency.

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