Perham City Council approves sales of 2 bonds for PACC project

At a City Council meeting on Monday, May 10, two bond sales for the project were approved.
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The Perham Area Community Center's construction has been underway. (RosaLin Alcoser/Focus)
The Perham Area Community Center project to update and add activities such as a therapy pool, has gotten underway. At a City Council meeting on Monday, May 10, two bond sales were approved to help pay for the project.
Northland Securities will issue a $4.55 million sales tax revenue bond. This bond will be paid by sales tax revenue. Piper Sandler and Co will issue a $4.085 million tax abatement bond. This bond will be paid by donations and pledges. Both of these bonds are for the PACC project.

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