The Minnesota Court of Appeals has affirmed a district court’s ruling that the issuance of revenue bonds to fund construction of the Forest Lake City Center was done in a legal manner and did not require a public election.
With action taken by the Economic Development Authority Monday night, the Forest Lake City Center project is essentially bid out. Besides future change orders, that means the total cost can be estimated with confidence.
The city of Forest Lake and its Economic Development Authority followed the law in issuing bonds for construction of the Forest Lake City Center, the Minnesota Court of Appeals has ruled. The appellants, including the Lakes Area Business Association, contended that state law required an election be held before the issuance of $22.5 million in [...]
Construction on the Forest Lake City Center entered its most visually stimulating stage this week, as Kraus-Anderson Construction workers on Monday hoisted the first precast wall into place. It was the first of many that will be installed by March, providing most of the $13.3 million building’s permanent look.