Tag Archives: 40 year USDA loan

CONSULTANT ADMITS NO PROJECTED POPULATION GROWTH BUT CITY NEEDS $9.5M USDA LOAN FOR WATER

January 13, 2018 The City “public hearing” on the USDA loan was little more than a way to check off a box on the USDA loan list of things to do.  Four citizens were allowed to speak less than 3 … Continue reading

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BOMBSHELL: CITY OF MONTICELLO TO GET $9.5 MILLION USDA LOAN AND SET UTILITY RATES TO INSURE COVERAGE OF DEBT SERVICE

January 3, 2018 If you want to know more or have comments about this loan and corresponding debt and possible utility rate increases, attend the public hearing on Tuesday, January 9, 2018 at 5:30PM at City Hall. Last February, City … Continue reading

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CITY OF MONTICELLO NOTIFIES PUBLIC OF IMPENDING 40 YEAR LOAN

June 20, 2017 City of Monticello officials have been in talks with USDA-Rural Development since early March about a new ‘megasite’ off  Hwy 11 South at Feldspar Rd.  according to open records received from the USDA.  The most recent meeting … Continue reading

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CITY TO PURCHASE NEW MEGASITE—COST UNKNOWN TO PUBLIC—40 YEARS OF DEBT TO BUY

June 7, 2017 The Monticello News recently printed an article titled, “City to Purchase Megasite for Water, Growth”  Even though the Monticello News reported “the purchase WILL be made through USDA grants and loans,” there has NOT been a grant … Continue reading

Posted in City, Economic Development, Property taxes, Water | Tagged , , , , , , , , , , | 6 Comments