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<br />101 Fourth Street East, Hastings, MN55033-1955
<br />Volume X, Issue 3www.ci.hastings.mn.usFall 2005
<br />In This Issue:
<br />Economic Development Updates. . 2
<br />•Fixed Assets, including land and building
<br />HPC Looking for Applicants. . . . . . 2
<br />Finding the right financing to meet the needs
<br />purchases
<br />HRA/Downtown Developments . . . 3
<br />of your growing business can be a challenge.
<br />•Building construction (permanent financing only)
<br />Sign Ordinance Changes Proposed 3
<br />Banks and other commercial lenders may not
<br />•Leasehold improvements and building
<br />K-9 Unit Begins Career With PD . . 4
<br />always be able to offer you the type of financing
<br />renovations
<br />Fire Prevention Week . . . . . . . . . .5
<br />that your business is looking for, without the
<br />•Machinery and equipment purchases,
<br />65th Annual Booya! . . . . . . . . . . .6
<br />participation of another lender.
<br />renovation and moving expenses
<br />Street Construction Projects. . . . . 8
<br />•Working capital (when secured by fixed
<br />Code Corner. . . . . . . . . . . . . . . .9
<br />assets-with a fixed repayment schedule)
<br />Fall; The True Planting Season . . .9
<br />Skate Park Closing . . . . . . . . . . 10
<br />The loan application approval process is fairly
<br />From your Elected officials . . . . . 11
<br />quick, taking only 2-4 weeks(from receipt of
<br />TCCCF is a newly established, nonprofit loan
<br />Scraps in Time. . . . . . . . . . . . .12
<br />loan application to approval,) depending on
<br />fund that offers customized, flexible
<br />the size of the loan. [[1963,1720,2337,1760][9][,I,][Frankfurt]](TCCCF loans are not
<br />financingsolutions that are designed to fit
<br />[[1629,1768,2368,1808][9][,I,][Frankfurt]]available for refinancing of existing debt, for
<br />most business needs.
<br />Mayor:
<br />[[1629,1817,2370,1857][9][,I,][Frankfurt]]the purchase of equity positions in business
<br />Mike Werner 437-4143
<br />[[1629,1865,2321,1905][9][,I,][Frankfurt]]enterprises, or for speculative real estate
<br />The long-term, subordinated, fixed rate loans are
<br />[[1629,1913,1933,1953][9][,I,][Frankfurt]]developments.)
<br />Ward Council Members:
<br />made in partnership with local lenders and TCCCF
<br />Ward 1 Anthony Alongi
<br />member economic development organizations.
<br />For more information about how to apply for a
<br />438-9320
<br />The goal is to put together a financing package
<br />Ward 2 Turney Hazlet
<br />TCCCF loan, please contact City Administrator
<br />that meets the needs of borrowers and all
<br />437-5298
<br />Dave Osberg at 480-2350, or contact TCCCF
<br />participating lenders.
<br />Ward 3Ed Riveness
<br />directly at (952) 546-9049 and ask to speak
<br />437-4416
<br />to a loan officer. Loan applications, including
<br />The City of Hastings is now a member of this
<br />Ward 4Danna Elling Schultz
<br />detailed financing policies and credit criteria
<br />recently established Fund, and is ready to
<br />438-3878
<br />are available at www.tcccf.org
<br />work with your business in order to help you
<br />meet your financing needs.
<br />At-Large Council Members:
<br />Paul Hicks437-8866
<br />Lynn Moratzka437-7869
<br />City Administrator:
<br />Dave Osberg480-2350
<br />An open house will be held at
<br />dosberg@ci.hastings.mn.us
<br />in the Community Room of City Hall to discuss
<br />new residential design standards for the “Heart of Hastings”
<br />City Hall:
<br />neighborhood [[1053,2761,1485,2801][9][,I,][Frankfurt]](please see map right).
<br />101 Fourth Street East
<br />Hastings, MN 55033-1955
<br />The Design Standards would establish regulations for new
<br />phone: 480-2350 fax: 437-7082
<br />residential construction and additions to ensure conformity with
<br />cityhall@ci.hastings.mn.us
<br />existing development. For further information on the Design
<br />www.ci.hastings.mn.us
<br />Standards, please go to the City Website www.ci.hastings.mn.us.
<br />or contact the Planning Department at 480-2350.
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<br />Rivertown News, Volume X, Issue 3, Fall 2005
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