Jamestown (CSi) The Jamestown City Council Tuesday approved the purchase price of $2.1 million at an average annual net interest rate of 3.1169% to Colliers.

The Council Action would authorize the city an interest rate locked at 3.1169% for seven years. Manstrom says this rate compares well with other communities.

The City of Jamestown remains in good standing in North Dakota’s Refunding Improvement Bonds of 2022, Series AF with an estimated par amount of $2.1 million.

The city of Jamestown is starting to move out of summer road construction.

Council Member Dave Steele says some projects are just now finished and others are close.

About two weeks remain on the mill hill road project.

Mayor Heinrich added that all projects were North Dakota Department of Transportation projects, and that the city didn’t have to pay for them.

The Jamestown City Council meeting was show live on CSi Cable 67 followed by replays.