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State Representative Dean Urdahl
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-4344
For more information contact: House GOP Communications 651-296-5520
NEWS RELEASE
DASSEL APPROVED FOR INFRASTRUCTURE FUNDING
ST. PAUL - State Rep. Dean Urdahl, R-Grove City, has announced the Minnesota Public Facilities Authority approved a financial package of more than $440,000 for the city of Dassel to use in water-related projects.
The MPFA estimates the favorable financing conditions will save local taxpayers more than $235,000 in interest costs when compared with current market rates available for general obligation bonding.
“Congratulations to Dassel,” said Urdahl, a member of the Capital Investment Committee which authorizes funding for these types of programs. “The town’s successful application shows a commitment to creating jobs, promoting economic recovery and improving water quality.”
The financing package includes funds from the federal American Recovery and Reinvestment Act. It consists of a $352,662 Drinking Water Revolving Fund loan for 20 years at 1.283-percent interest. Another $88,165, which does not have to be repaid, is included in the package.
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Dean Urdahl represents District 18B in the Minnesota House of Representatives. The district includes most of Meeker County and a portion of Wright County. This is Urdahl’s fourth term in the Legislature after being elected in 2002, 2004, 2006 and 2008.
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