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County authorizes up to $30.57 million in capital-improvement bonds for public works facility
Summary
Blue Earth County board held a public hearing, heard statutory and market details from staff and advisers, and approved a resolution authorizing issuance and sale of general obligation capital improvement plan bonds to fund a new public works facility.
Blue Earth County commissioners on Aug. 19 opened a public hearing and approved a resolution authorizing the issuance and sale of general obligation capital improvement plan bonds to help finance a new county public works facility. County Finance Director Candice Sonic and municipal adviser Christine Hogan of Baker Tilly presented statutory background, estimated costs and a sale timeline.
Candice Sonic, Blue Earth County finance director, told the board that Minnesota Statute section 373.4 authorizes counties to issue general obligation CIP bonds and that bonds issued under an approved capital improvement plan “are not subject to the election requirements of section…
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