DL to issue bond for Lakes Homes
Detroit Lakes will be issuing bonds for a $2.2 million Lakes Homes and Program Development, Inc., project.
The project will include new homes and headquarters for Lakes Homes in Detroit Lakes, Mahnomen and Fergus Falls. The city will issue the bonds but will have no obligation or financial resources in the deal.
Cities are given $10 million a year for this type of issuance.
Other action taken at the Detroit Lakes City Council meeting includes:
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