City Council acts on wind turbine bonds
WILLMAR -- The Willmar City Council has approved the financing process for the Municipal Utilities' two wind turbines.
The council Tuesday night voted to adopt an ordinance that will allow the issuance of $8,730,000 in utility revenue bonds to finance most of the project. The bonds will be repaid with revenue from utility rates. The remaining cost of the project is being paid with nearly $3 million from the utility's generation reserve account.
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