River Falls: Town borrows for road projects; road committee formed
Road construction season is coming and the town of River Falls has projects it would like to tackle.
To pay for the proposed road construction and maintenance, the Town Board last week approved borrowing $100,000.
The board agreed to a two-year loan for $100,000 from the WI Trust Fund. The loan would be repaid March 15, 2013, with 3.25% interest.
While the board would prefer a one-year loan, no one took issue with the two-year term.