Red Wing officials told that money from golf course sale would have to go toward bond – Post Bulletin

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Red Wing officials told that money from golf course sale would have to go toward bond – Post Bulletin.

“RED WING — Recent legal advice has created a new twist in the potential sale of Mississippi National Golf Links in Red Wing. The city’s bond lawyer says that any proceeds from the sale of the 36-hole municipal course would have to be used to pay down the remaining revenue bond rather than going into the general fund.”

“Our take is if the city pays off the bond, that is a gift to Wendell Pittenger seeing as how he’s the guarantor on the bond,” said Erik Fridell, co-founder of Save MNGL. “That’s purely a gift to the lease holder. And it hasn’t been explained. That’s a huge deal.” In essence, they claim, Pittenger would buy the course and pay off a bond he was already required to pay with the same money. Save MNGL members previously suggested that the appraisal was short a few million dollars.

Regarding the bank’s appraisal of MNGL: “Kent Laugen, a Red Wing attorney, requested that Minnesota’s Information Policy Analysis Division review the situation weeks ago. IPAD informed City Administrator Kay Kuhlmann on Monday that it would do that. The city has until June 1 to provide a legal explanation for the redactions. IPAD’s advisory opinion is expected to be posted at www.ipad.state.mn.us by the end of June.”

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1 Comment

Filed under Accountability, Government's Footprint, Minnesota, Mississippi National Golf Links, Open Meeting Law/ Data Practices, Red Wing, Red Wing City Council

One response to “Red Wing officials told that money from golf course sale would have to go toward bond – Post Bulletin

  1. sue

    I thought at the council held public meeting they stated we were not responsible for the bond as this was the debt of Wendel P. It makes no sense to sell the course only to pay off someone else’s debt. Would it be any different if I sold my home to pay off my neighbors mortgage? We really must ask the council members who they represent, the citizens or special interests? Can the council members be held liable for negligent losses to the citizens based on their decisions made?

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