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Granite Falls awards hydroelectric financing

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GRANITE FALLS — City Council members in Granite Falls awarded $1,890,000 in financing for projects to replace two hydroelectric turbines in the city’s dam and install a new control system.

Northland Securities Inc. offered the awarded financing package. The 15-year issue offers a true interest rate of 3.5357 percent, according to City Manager Bill Lavin.

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Tom Cherveny
Tom Cherveny is a regional and outdoor reporter with the West Central Tribune in Willmar, MN.
(320) 214-4335
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