EDA treasurer talks about Lutsen housing

The Cook County/Grand Marais Economic Development Authority (EDA) is seeking bond funding for its Lutsen rental housing project. The EDA has been working toward the goal of workforce housing for several years and last year held a public hearing on this project.
 
According to County Administrator Jeff Cadwell, the EDA’s project is being considered at the same time as the county’s $9.8 million bonding package for a savings on professional financial fees. Ehlers, Inc., the bond firm for both entities, will be in attendance at the EDA meeting  and the later county board meeting to answer questions from the public.
 
However, each debt issuance—for the county and the EDA—is separate and has its own public process. To that end, the EDA is hosting an informational meeting on Monday, April 9 during its regular monthly meeting to explain the bond process. The EDA actually held a public hearing on the bond issue for the Lutsen project last year.  
 
The meeting starts at 4 p.m. at Grand Marais City Hall.
 
Rhonda Silence spoke to EDA Treasurer Scott Harrison to learn more about the Lutsen development.