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Olmsted County board approves additional $3.75 million for 180 Degrees shelter project
Summary
The Olmsted County Board of Commissioners held a public hearing and approved a request that allows the city of Eota to issue an additional $3,750,000 in conduit bonds for 180 Degrees to complete construction of a new shelter.
The Olmsted County Board of Commissioners on an aye vote approved a request to allow the city of Eota to issue $3,750,000 in conduit bonds so 180 Degrees can finish building a new shelter.
Olmsted County Administrator Travis Grama said the county’s action gives the city of Eota the authority to use its bonding capacity with the state of Minnesota to issue the funds. Grama said the county previously authorized the city in August 2024 to issue $7,000,000 in bonds for the project; the newly approved $3,750,000 will complete financing for the current build.
Jeremy O’Hara, an associate director for 180 Degrees, told commissioners the project broke ground in December 2024 and is currently at drywall stage. “The plan is to be finished around October, November of this year and then we’re hoping to get into the building, right around the first of the year. So January 2026,” O’Hara said. He also announced a hard-hat tour scheduled for June 5 or 6.
The board opened a public hearing, heard O’Hara’s update and closed the hearing before moving to the approval. The motion to approve was made and seconded and passed by voice vote; no roll-call tally was stated on the record.
Background: Olmsted County’s approval is procedural for conduit bonding: the county’s action allows the city of Eota to issue bonds on behalf of a nonprofit borrower so the city remains the obligor of record while 180 Degrees receives the financing.
The board moved on to other business after the vote.
