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Published December 13, 2010, 10:17 PM

GF Park Board Pushes For $24 million in Bonds for Wellness Center

The Grand Forks Park Board held a special meeting Monday afternoon to discuss bond amounts and rates. The board has until Thursday to come up with final amounts and rates for two bonds for the proposed wellness center.

The Grand Forks Park Board held a special meeting Monday afternoon to discuss bond amounts and rates.

The board has until Thursday to come up with final amounts and rates for two bonds for the proposed wellness center. Right now they are looking at an interest rate of around 4 percent at an amount of 24 million dollars total.

The first bond is a Recovery Zone Economic Development Bond, worth $22.6 million. The second, a taxable bond, is for $1.3 million.

Board President Jim Bollman says there is still more fundraising to be done.

"We are just down to the point where we will determine how much money we have to work with the building, and the building will be adjusted one way or the other to meet the amount of money that we have," Bollman said.

Bollman says the park district is still taking public donations to help fund the new wellness center. The park board says that they needed two different bonds because of the private businesses that will be using the new wellness center.

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