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City Council Minutes <br /> March 6,2023 <br /> Page 5 of 7 <br /> Mr. Houle reminded the Council that they approved a study back in 2021 and <br /> then asked him to hold off until more was done in Trailside Park and with the <br /> splashpad. He said last month the project was mentioned in the overall capital <br /> improvement project discussion. He explained it is at the study stage and there <br /> are utilities that would need to be replaced. He said they would be providing base <br /> map and then will get public input with open houses. He said they will put a cost <br /> estimate together and hopefully have it ready in time of budget process. Mayor <br /> Gardner stated that it will change how the downtown looks and he is ready for <br /> the study. <br /> COUNCIL MEMBER CLEMENT MOVED TO APPROVE $11,600 FOR <br /> WIDSETH TO COMPLETE A STUDY OF MAIN AND FRONT STREET. <br /> COUNCIL MEMBER SEILS SECONDED THE MOTION. MOTION CARRIED <br /> 5-0. <br /> 9.5. Funding Assistance Opportunities <br /> Mr. Houle stated the Department of Employment and Economic Development- <br /> Small Cities Development Program is a state deadline item. He said it has been <br /> favorably approved by the state and notified the City after the Council packet <br /> went out. He listed the rough cost for the Council and the total cost is$600,000. <br /> Mr. Houle explained the components of the lift station and said they did <br /> incorporate some growth into the wastewater system which added a third pond. <br /> He said the application is a very competitive program with not match to the <br /> $600,000 grant. He said there is a proposal of$4,000 in the packet. Discussion <br /> ensued about the project being done in phases and the total estimated cost of <br /> $3.6 million. Mr. Houle said a public hearing is required by May 1, 2023 so it <br /> would need to be either a special meeting or at the April Council meeting. He is <br /> recommending holding the public hearing at 5:30 p.m. before the regular Council <br /> meeting. <br /> Tim Houle said the second funding program is through the Minnesota Public <br /> Facilities Authority,the PFA's intended use plan, or IUP and is a Clean Water <br /> Revolving Fund and is a loan program mainly but some years they provide loan <br /> forgiveness loans. He said the interest rates on their loans are currently around <br /> 1.3-1.6%. He said it is pretty competitive bit being favorable approved for the <br /> DEED loan the PFA is saying the project is on the intended us plan and the <br /> project potentially will move into the fundable range. He stated a proposal is in <br /> the packet for$3,200 to put together an application for the public facilities <br /> authority. He said they need a resolution to approve submitting this application <br /> which is attached. He said the application is due before March 31st. <br /> Mr. Houle said the third funding program is USDA—Rural Development. He said <br /> they combined the facility plan with MPCA and the RD preliminary engineering <br /> reports and tried to meet all of RD's requirements. He stated Rural development <br /> is having them go back through and answer some questions on the Minnesota <br /> Pollution Control Agency who already gave the city preliminary approval. He <br /> stated Rural development has a loan program and a grant program. Mr. Houle <br />