Park Rapids borrows $35K from state agency for lead line replacements

Park Rapids borrows $35K from state agency for lead line replacements

The Park Rapids City Council approved a lead service line replacement program master loan and grant agreement offered by the Minnesota Public Facilities Authority (PFA) on Jan. 27. The agreement includes a $34,868 loan from the PFA, described as a “taxable grant anticipation revenue note.” City Administrator Angel Weasner explained this is connected with a $950,000 grant application to the PFA to replace approximately 50 lead service lines at th…