City modifies loan to aid GTS project

by Emmitt B. Feldner of The Review staff

PLYMOUTH – The Glacier Transit and Storage building project on County PP and Willow Road has grown to meet customer demand, so the City Council Tuesday modified its loan to GTS to reflect that.

The city had obtained a $500,000 USDA Rural Development loan for the project earlier this year to help GTS finance the $6.3 million project.

“Basically, the project has gone over budget, primarily due to cooling equipment upsizing,” City Administrator Brian Yerges explained. “It doesn’t impact their payback provision to the city and ultimately to the USDA.”

The total cost of the project is now $7.1 million, with much of the increase due to upgrades in the cooling equipment capacity in response to customer demand for storage temperatures down to 32 degrees, according to documents provided to the council.

That prompted Community Bank, the prime lender for the project, to increase its loan amount through the Small Business Administration to GTS.

That in turn moves the city’s secondary financing position farther behind Community Bank and SBA.

In other action, the council agreed to move ahead with the hiring process to fill two job openings.

The Police and Fire Commission was given the go-ahead to fill a vacant police officer position.

The vacancy was created with the retirement at the end of October of Officer Gerald Brachmann, Yerges said.

He added that it will probably take about six months to fill the opening.

Plymouth Utilities was given the go-ahead to fill an open tree trimmer position.

The council approved an engineering contract with Kapur and Associates for a sewer, water main and reconstruction project in 2014 on Caroline Street.

Immich explained that the work will be part of the city’s continuing effort to replace existing lead water service lines in some of the older parts of the city.

He added that the request was coming to the council before the 2014 budget is approved so that Kapur can complete the work before snow begins falling.

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