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Clay County approves $16.27 million jail refunding bonds; advisers cite $702,000 projected savings
Summary
The Clay County Board of Commissioners on Oct. 28 approved Resolution 2025‑28 to award the competitive sale of general obligation jail refunding bonds. Financial adviser Todd Hagen said the low bid produced a 2.93% reoffering yield and projected approximately $702,000 in net present savings over the 10‑year refunded life.
The Clay County Board of Commissioners voted Oct. 28 to adopt Resolution 2025‑28, authorizing the sale of $16,270,000 in general obligation jail refunding bonds after receiving a sale‑day report from Ehlers & Associates.
Todd Hagen, financial adviser with Ehlers & Associates, told the board his office ran a competitive sale that drew three bids. "Baird out of Milwaukee came in at 2.93%," Hagen said, describing a…
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