Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Olmsted County approves $20.21 million general-obligation bond to fund solid-waste and capital projects
Summary
The Olmsted County Board approved a resolution authorizing the sale of General Obligation Bonds, Series 2025A, to fund solid-waste projects, equipment and other capital improvements. County staff said the issue carried the county's AAA rating and a true interest cost near 3.71 percent.
The Olmsted County Board of Commissioners on Oct. 7 approved a resolution authorizing the issuance and sale of General Obligation Bonds, Series 2025A, to fund solid-waste projects, a materials-recovery facility, waste-to-energy facility renovations, Graham Park improvements and assorted county equipment.
County Chief Financial Officer Alfredo Roman Cattero and municipal advisor George Eilerson of Northland Securities presented the sale to the board. Eilerson told commissioners the county’s credit rating was affirmed at AAA and that the sale drew 15 bids, with Raymond James providing the winning bid. He said the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
