The Newsleaders
  • Login
  • Register
No Result
View All Result
  • News
    • Sartell – St. Stephen
    • St. Joseph
    • Sports
  • Opinion
    • Column
    • Editorial
    • Letter to the Editor
  • Community
    • Calendar
    • Citizen Spotlight
    • Criers
    • People
  • Notices
    • Funerals/Visitations
    • Obituary
    • Police Blotter
    • Public Notices
    • Support Groups
  • About Us
    • Contact Us
    • News Tips
    • Submissions
  • Archives
    • Sartell-St. Stephen Archive
    • St. Joseph Archive
  • Advertise With Us
    • Print Advertising
    • Digital Advertising
The Newsleaders
No Result
View All Result

PineCone Pet Hospital MillerCarlin Serving all of central Minnesota locations!

Albany: 320-845-2035
Holdingford: 320-746-9994
St. Cloud: 320-252-7004
Upsala: 320-573-6234
Toll-free: 1-800-644-4058
Collegeville Stearns Bank
Home News

Bond approved; city gets credit-report praise

June 25, 2020
in News, Print Sartell - St. Stephen, Sartell – St. Stephen
0
Council considers new ‘shovel-ready’ industrial park on east side of city

News

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

by Dennis Dalman

news@thenewsleaders.com

The Sartell City Council approved the issue and sale of general obligation bonds for $6,445,000 at its June 22 meeting.

The interest rate on the bond will be a stunningly low 1.37 percent, thanks largely to Sartell’s sterling bond rating (see details below).

The funds will be used for the new public-safety facility (headquarters of fire and police departments), for street upcoming reconstruction improvements and for improvements to the city’s water and sanitary-sewer systems.

The bond issuance and sale was handled by Ehlers & Associates of Roseville.

A credit review of Sartell by Standard & Poor, part of the bonding process, earned – once again – some positive comments.

The strong rating, a double A, is, the report states, “testimony to the good work done by the city administration and elected officials, both past and present.”

The virus pandemic did not impact Sartell’s economy nearly as bad as in some cities, according to the report.

Standard & Poor termed the economy and money management of the city “strong” and liquidity and budgetary flexibility “very strong.”

Budgetary performance, however, was adjusted downward from “strong” to “adequate” because of future uncertainty due to the pandemic and a potential in the nation for a continuing recession.

The debt load for Sartell is high, the report notes, but aggressive payback by the city is an offsetting factor, it adds.

If the city doesn’t issue further debt in the next two years, the debt ratio will be much improved, the report notes.

Previous Post

Funeral for Leander J. Meyer, 98, St. Joseph

Next Post

Free Store helps many; donations needed

Next Post
Free Store helps many; donations needed

Free Store helps many; donations needed

Please login to join discussion

The Newsleaders Ad CMCU twi/fb Visit us on
Facebook
or on
Twitter!

Go Fund Me # 1 Thank You
Newsleader
Supporters!
Elizabeth Brunsvold
Cultural Connections
Jim Berg & Mary Kruger
Mary & John Davis
Sandy Denne
Bobbi & David Gouker
James & marry Graeve
Juliana Howard
Julia Joplin
Linda Kmitch
M. Molus
Sheila Nahan
Go Fund Me # 2 Thank You
Newsleader
Supporters!

Peggy & Michael Roske
Judy Scheuerell
Geraldine Schwab
James Stotko
James Towler
Anna Trobec
Kaye Wenker
Ellen Wahlstrom
Leona Wieland
Jeanie Wilkens
GAGEN & VASUGI RAMANATHAN
Go Fund Me # 3 Thank You
Newsleader
Supporters!
Nicole Borg
Erica Karger-Gatzow
Dane & Lori Listug-Lunde
Nadine Martin
Doris Minnerath
Merry Mund
Marilyn Peitso
Stephen Schwanke
Dianne Tuff
Dale Zacher
Private Donors

Search

No Result
View All Result

Categories

Recent Posts

  • Kluesner appointed to St. Joseph City Council
  • Wood sentenced for killing two children
  • A list of school superintendent finalists expected March 1
  • Sartell man injured in snowmobile crash
  • Sales-tax revenue for Sartell on the up and up

City Links

Sartell
St. Joseph
St. Stephen

School District Links

Sartell-St. Stephen school district
St. Cloud school district

Chamber Links

Sartell Chamber
St. Joseph Chamber

Community

Calendar

Citizen Spotlight

Criers

People

Notices

Funerals/Visitions

Obituary

Police Blotter

Public Notices

Support Groups

About Us

Contact Us

News Tips

Submissions

Advertise With Us

Print Advertising

Digital Advertising

Local Advertising Rates

National Advertising Rates

© 2021 Newleaders

No Result
View All Result
  • News
    • Sartell – St. Stephen
    • St. Joseph
    • Sports
  • Opinion
    • Column
    • Editorial
    • Letter to the Editor
  • Community
    • Calendar
    • Citizen Spotlight
    • Criers
    • People
  • Notices
    • Funerals/Visitations
    • Obituary
    • Police Blotter
    • Public Notices
    • Support Groups
  • About Us
    • Contact Us
    • News Tips
    • Submissions
  • Archives
    • Sartell-St. Stephen Archive
    • St. Joseph Archive
  • Advertise With Us
    • Print Advertising
    • Digital Advertising

© 2021 Newleaders

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In