At the April 12 meeting of the Nashwauk City Council, Mitch Brunfelt, assistant general counsel and director of public and governmental relations for Essar Steel Minnesota, reiterated the message the company shared in a recent press release.
Essar released a statement on the current state of its finances on April 11, stating that it had retained a global investment bank, Guggenheim Securities, to raise the capital necessary for completion of the pellet plant project.
The company is currently seeking an investment partner to move the project forward but meanwhile has secured a commitment from its parent company for interim financing to meet critical needs over the next few months.
In other business, the council:
• Approved the minutes of the March 22 council meeting and March 28 special council meeting.
• Listened to a report from Mike Andrews of the Small Business Development Center, who encouraged the council to support non-mining related businesses in the community.
• Authorized April Kurtock to attend municipal clerk institute training May 2–5 in Plymouth at a cost of $430, lodging, mileage, meals and wages.
• Authorized official attendance at the annual League of Minnesota Cities conference in St. Paul to take place June 14-17.
• Authorized clerk’s election training in Itasca County throughout July 2016.
• Increased the fire department practice wage from $9 to $10/hour and the fire call wage from $9 to $12/hour.
• Approved advertising for summer recreation director help and part-time laborer help.
• Authorized NK Fast Pitch to clean the entrance ditches for a donation of $250.
• Voted to not waive monetary limits on tort liability.
• Approved the 2016 Camp Host Contract with Pat and Ole Olson.
• Approved a booking agreement with Lost City for the city’s annual Fourth of July street dance in the amount of $1,500.
• Authorized opening a commercial account with Sinclair for emergency purchases of fuel for the fire and police departments.
• Authorized the purchase of five iPad Air 2 tablets at a cost of $2,149.95.
• Approved the findings of the 2015 audit.