July 2 Pine City Pioneer e-edition

Page 1

PINE P INE CITY

THURSDAY, JULY 2, 2015 VOL. 130 NO. 27 www.pinecitymn.com $1.00

STORY CONTEST WINNER: Read the top tale in the Pine County Short Story Contest. P7

Pine City bond rating surges BY HENRY FISCHER NEWS@PINECITYMN.COM

The City of Pine City may save as much as $25,000 on 2015 street improvement financing costs as a result of a sharply improved bond rating. Standard & Poor’s Ratings Services, a key municipal finance rating agency, gave Pine City an “A+/Stable” long term bond rating, up three notches from the previous rating of A3. Interim City Administrator Jerry Bohnsack told council members last week that the improved rating is about the best Pine City can get, considering its size and in view of an overall weak economy. The council approved moving forward with a plan to sell $720,000 in general obligation improvement bonds to finance the city’s 2015 street improvement project, which includes replacement of water, sewer, storm sewer and streets along 6th and 7th Avenues between 3rd Street SE and Cross Lake. Under the 15-year repayment schedule, Northland Securities Vice President Monte Eastvold said the city could save as much as $25,000 as a result of the improved bond rating, and envisions a low average interest rate of only 2.7488 percent. The city also is pledging special assessments against properties that would benefit from the project, along with sewer and water revenues,

So, why did the city’s bond rating jump so much? Eastvold said it all boiled down to one word: “cash.”

LANCE FURBER | THE PIONEER

Freedom Fest fans get wet and wild Young Pine City firefighters-in-training got to wield a high-powered hose in a game of “Waterball,” trying to push a hanging metal cylinder along a cable. Perfect weather brought crowds of funseekers out to the annual event. More on Page 8.

SEE BOND, PAGE 10

Summer reading thrives with community support BY KATLYN LINDBLOM NEWS@PINECITYMN.COM

The Pine City Library has officially kicked off its summer reading program this year. Branch Librarian Andrea Hermanson and the staff at the library have added new programs, as well as kept old favorites. This year, the program began with a concert at the elementary school. “We started out on June 2,” Hermanson said. “That was kind of our opening day. We had our opening program June 4. That was the Teddy Bear Band, and that was at the elementary school. Every year we do some sort of big open-

ing program and then a closing program as well. That [the closing program] will be in August.” More than 120 children attended the concert, along with their teddy bears. “All the kids could interact,” Hermanson said. “They were a part of the program. They could get up and do lots of the songs and dance, and activities. It was fun.” The children’s program will have the traditional reading worksheet, where children receive small prizes for every five books read, and they will receive a book for finishing the worksheet

Opportunity Knocked and I MOVED!!! MIKE GAINOR | THE PIONEER

SEE READING, PAGE 10

Kids get more reading experiences in Pine City when the Dragon Wagon comes for a visit in Robinson Park every Tuesday.

EXPERIENCE...THE DIFFERENCE Over 30 years of real estate counseling, marketing, and resolving real estate issues. Your home is YOUR most important asset. Buying or selling in today’s market is best with a trained professional. Your Time... MY EXPERIENCE. marykay@cbBURNET.com

CALL ME - MaryKay Brautigan - 612-616-3137 for an analysis of your needs NEWS 320-629-6771 editor@pinecitymn.com

ADVERTISING 320-629-6771 ads@pinecitymn.com

PUBLIC NOTICES 320-629-6771 publicnotices@pinecitymn.com

SUBSCRIPTIONS 320-629-6771 ads@pinecitymn.com

BREAKING NEWS, UPDATES Whenever, wherever you are! Scan me with your smartphone


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
July 2 Pine City Pioneer e-edition by Pine City Pioneer - Issuu