The city of Monticello will use a general obligation bond to pay a $5.75 million settlement with FiberNet bondholders who filed a class action suit against the city. A final settlement hearing in the FiberNet bondholder lawsuit saga was held Friday, Sept. 12, in U.S. District Court in Minneapolis.
Monticello council members recently removed a three-month severance clause included in City Administrator Jeff O’Neill’s current contract. The surprise 3-2 vote that came after Mayor Clint Herbst offered a motion seconded by Councilmember Brian Stumpf sparked plenty of controversy Monday, Sept. 8. Herbst, Stumpf and Councilmember Lloyd Hilgart voted to remove the severance clause; Councilmembers [...]
City council members concur with a staff recommendation to spend almost $70,000 on new meter reading equipment for the Monticello Water Department. Finance Director Wayne Oberg and Water/Sewer Superintendent Matt Theisen presented the request in a memo to council Sept. 8. New bronze meters and radio reading equipment were approved as a consent item without [...]
Councilmember Lloyd Hilgart has been appointed to a team that will develop a redevelopment request for proposal (RFP) for city-owned properties downtown. Hilgart was appointed Monday, Sept. 8, via a unanimous council vote. He joins Councilmember Tom Perrault on the ad-hoc committee for Block 34 development. “The city will be putting together its vision for [...]
Monticello council members have called a Sept. 22 public hearing to explain a St. Cloud revenue bond sale called on behalf of the CentraCare Health System. St. Benedict’s Senior Community, located in Monticello and operated by CentraCare Health System, a Minnesota nonprofit, was originally financed as part of a revenue bond issued by the city [...]