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Olmsted County adopts 2025–29 capital improvement plan, authorizes $60 million in bonds
Summary
The Olmsted County Board of Commissioners voted to adopt a five‑year Capital Improvement Plan and authorized the issuance of $60 million in bonds to fund 2025 projects, with officials noting the county estimates roughly $500 million in projects across 2025–29 and a $5.2 million increase in annual debt service for 2025.
The Olmsted County Board of Commissioners voted to adopt the 2025–2029 Capital Improvement Plan (CIP) and authorized issuing $60,000,000 in capital improvement bonds to fund projects included in the 2025 portion of the plan.
The CIP lays out the county’s proposed capital investments over five years and served as the basis for capital budget requests that county staff will bring forward. “The capital improvement plan is just a best practice that describes the capital investment that Olmsted County plans to make over a multiyear period,” said Kami Iverson, controller for the Physical Development Division, during a presentation to commissioners.
Why it matters: the county estimates about $500 million in capital projects across 2025–29, with…
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