Excitement for City Hall renovation finally arrived

Excitement was the emotion felt by board members for the renovation for City Hall which can now begin. Heather Sweeden especially shared joy finally seeing the project underway. Heidi Kuhl reviewed the City Hall financing plan. The total borrowing amount is $2,355,000 at 4.03% interest. The 16 year loan may be repaid utilizing Tax Increment Financing or Debt Service. The final payment is due in 2040. Much was discussed by board members about when it was possible to pay off early.