Re: [Mpls] MCDA small business loans

[steven meldahl]

A good friend of mine just replaced a boiler and all feed runs in a commercial building that includes a bowling alley, restaurant, 2 businesses and 12 apartments above the commercial area for $18,000.  This building is probably 5 times larger than the small Hennepin County museum.   This just goes to show that anytime an agency or any entity with ties to the government needs something done in any "trade" area such as heating, the cost is 5 to 10 times higher than it should be! Guess who pays for it!   Steve Meldahl Jordan (work) ----- Original Message ----- From: Craig Miller To: [EMAIL PROTECTED] Sent: Saturday, December 28, 2002 9:50 AM Subject: Re: [Mpls] MCDA small business loans I just paid $3,500 for a replacement boiler.  That included.   1. New boiler 2. Removal of old boiler 3. New honeywell zone valves in the 11 apartments 4. Installation 5. Permit 6. Circulating Pump 7. All pipes and plumbing needed at boiler or zones. 8. Labor   Now I'll specutlate.  Did the MDCA suggest, provide, or in anyway help Kelly O'Brien pick her contractor?  IF they did, it might explain a little the desrepency between what mine cost VS hers.   Craig Miller Formerly Camden's 3rd largest landlord [EMAIL PROTECTED] ----- Original Message ----- From: steven meldahl To: Kelly O'Brien ; [EMAIL PROTECTED] Sent: Friday, December 27, 2002 4:33 PM Subject: Re: [Mpls] MCDA small business loans How the heck can you pay $30,000 for a new boiler???  If the building where you replaced the boiler is the one just down from the Art Institute, you got screwed.  Unless you replaced all the plumbing runs and radiators.   Steve Meldahl Jordan (work) ----- Original Message ----- From: Kelly O'Brien To: [EMAIL PROTECTED] Sent: Thursday, December 26, 2002 10:51 PM Subject: [Mpls] MCDA small business loans Thank goodness for the MCDA small business loan program! A few years ago the Hennepin History Museum needed to replace an 80+ year old boiler. With the help of the MCDA we were able to deal with this emergency by taking a loan of $30,000 to pay for the boiler--half at around 9% from Franklin Bank (our neighborhood bank) and half at 2% or so from the MCDA. This program helped us maintain our home in the Whittier neighborhood and the blended rate was something our small nonprofit budget could cope with. Thank you MCDA!   Kelly O'Brien Kingfield HHM Board President