The City is drawing letters of credit for numerous Iverson developments to fix the many Minnesota Pollution Control issues along with unfinished projects. We have met with the banks involved and paraphrasing one bank official 'every dollar they have to spend is a dollar they lost on backing the developer'.
This is a situation none of the banks involved wanted to be in but they have all now complied with their agreements. The failing infrastructure will be fixed and projects like the paving of 3rd by the Soccer Fields can finally move forward.
I hope this will be the final page of a sad chapter in Isanti's history.
About Me
- George
- I have served the City of Isanti as Mayor since 2007. We have accomplished great things together and I look forward to building on our success. United, we move forward to a better future. You may contact me at 763-442-8749 or e-mail me at george@georgewimmer.com.
2 comments:
What projects, besides the paving that you mentioned, are included in the scope of these letters?
thank you!
Depending on the area of the city it includes failing holding ponds, crumbling trails and washed out areas undermining roads.
There also punch list items such as repair curbs and such....
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