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. -30- 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.