Granite Falls awards hydroelectric financing
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.
Are you a newspaper subscriber but you don't have a Digital Access account yet? Activate your account.
You will need your subscription account number and phone number. Not sure if you have an account? Email us or call 320-214-4364 and we can help you.