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SPECIAL MEETING OF THE PEQUOT LAKES CITY COUNCIL TUESDAY, MAY 1, 2018 PEQUOT LAKES CITY HALL Members Present: Mayor Adams and Council Members Loukota, Pederson (arrived at 5:44 p.m.), and Swanson (amved at 6:10 p.m.) Members Absent: Council Member Akerson Staff Present: Nancy Malecha, City Administrator; Tim Houle, Pat Conroy, and Jordan Lee, Widseth Smith Nolting 1. Call Meeting to Order Mayor Adams called the special meeting of the Pequot Lakes City Council to order at 5:30 p.m. 2. Fundinq 101 Presentation Jordan Lee and Pat Conroy from Widseth Smith Nolting presented A How- to-Guide to Funding Infrastructure Projects. They noted the following. • Funding Opportunities for Communities— Includes water and sewer projects, building projects, and other projects. � • Water& Sewer Projects— Funding sources consist of USDA Rural Development, Small Cities Development Program, and Public I Facilities Authority. ' • Demographics— Low median household income plus high low to I moderate income equals big grant opportunities and less EDUs , equals greater grant eligibility. I • Pequot Lakes Demographic Factors • USDA Rural Development— Grant and loan combination for public infrastructure. • Small Cities Development Program —Grant only program for public infrastructure, housing, and commercial rehabilitation. � • Public Facilities Authority— Loan program with some grant � combination for water, wastewater, and storm water projects. • Building Projects— Includes USDA Community Facilities Program, USDA Rural Economic Development Loans 8� Grants, Nonprofit Foundations, and Legacy Grants. • USDA Community Facilities Program —95% are loans and 5% are loan/grant mix for essential community needs. • Nonprofit Foundations— Grant only program for buildings, infrastructure, and programs.