So many seeds...a beautiful selection of vegetable and flower seeds from Seed Savers Exchange. Stop by and pick some up today, we're open 9 a.m. - 7 p.m.
Cook County Whole Foods Co-op, where everyone is welcome!
CONTACT: Cook County Whole Foods Co-op
DATE: 04/23/2014 08:42am
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Need a Special Hairdo For Prom? New Nail Polishes for Prom!
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Elaine Will Accommodate Your Schedule!! 319-560-1798 or 218-387-2110
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425 W Highway 61 - Lower Level of New Addition - Grand Marais Pharmacy Building
ELAINE SAMPLE - OWNER
CONTACT: Bob Sample
DATE: 04/23/2014 08:18am
Have a queen mattress set to give away.
One free 32 inch TV
One free 19 inch TV
One end table
all good condition
CONTACT: Tofte Mini Storage
DATE: 04/23/2014 06:34am
The resolution to set a public hearing concerning bonding for the Superior National Golf Course renovation project was put on hold at Tuesday’s Cook County Board of Commissioners meeting. The postponement, which will allow further discussion and consideration of alternative funding methods, is due in part to a letter from Commissioner Sue Hakes.
Hakes was unable to attend the meeting, but had submitted a letter to Jay Kieft, county administrator, expressing her reservations regarding the $2.2 million bonding proposal.
The proposal as now written obtains the funds through a tax abatement general obligation bond rather than through the originally stated revenue bond backed by projected golf course revenues. Hakes cites this as a significant change which entails the assumption of considerable risk by county taxpayers.
While it is acknowledged that the general obligation bond offers a lower interest rate and a considerable savings over the 20-year term of the bond, this is only possible because the county, rather than the bond holder, assumes the greater risk.
With a tax abatement general obligation bond as proposed, the debt would be secured by abated property taxes on 58 properties expected to benefit from planned improvements at the golf course. If future course revenues are not sufficient to make debt payments, the county, through the abated tax revenues, would be liable.
In her letter, Hakes proposed two alternatives for consideration – reduce the scope of the renovation project to avoid the need for bonding, or secure the bonding debt with the existing 2% lodging tax from Lutsen/Schroeder/Tofte townships.
Michael Drilling of Grand Marais pleaded guilty in federal court on April 17 to one count of securities fraud. The 47-year-old investment adviser was charged with defrauding 13 investors of nearly $6 million.
Drilling was a seasonal employee at Voyageur Canoe Outfitters the summers of 2012 and 2013 and lived at the Tip-of-the-Trail property he purchased at a county auction in June of last year.
Assistant U.S. Attorney Timothy Rank told WTIP that Drilling admitted to creating a scheme to defraud his investment advisory clients through his company, Financial Advisory Partners LLC. Drilling defrauded clients by stealing over $5.6 million of their investment funds between January 2010 and November 2013.
While the names of the defrauded investors are not public information, the plea agreement does state one such investor was from Minnesota. The rest apparently were located throughout the country.
Prior to establishing his own investment firm in May 2009, Drilling had worked in the field since 1995. The Star Tribune reports defense attorney Allan Caplan said Drilling, formerly of Prior Lake, spent the money on himself and lost it in investments and at casinos. Rank said some of Drilling's victims lost their life savings.
According to the plea agreement, Drilling agreed to forfeit all real and personal property derived from proceeds traceable to the frauds. This could include a property in Sedona, Arizona as well as the Tip-of-the-Trail property.
Sentencing will likely take place this summer after a full investigation. Drilling faces a maximum sentence of five years in prison, supervised release and up to $150,000 and restitution.