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Blue Earth County board raises potential bond cap to $30 million for future projects
Summary
After discussion about long-term capital needs and levy uncertainty, commissioners approved a spending resolution increasing the not-to-exceed bond authorization from $20 million to $30 million as a placeholder for future borrowing.
Blue Earth County commissioners voted March 25 to increase a spending-resolution cap for potential future bonds from $20 million to $30 million, a non-binding "marker" to preserve reimbursement and reimbursement-period rights if borrowing is later pursued.
Lisa (county finance staff) presented the spending-resolution practice and said the county typically approves a spending resolution to enable a 60-day…
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