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Blue Earth County OKs up to $30.57 million in bonds to fund new public works facility
Summary
The Blue Earth County Board on Aug. 19 held a public hearing and authorized issuance of general-obligation capital improvement plan bonds, not to exceed $30,570,000, to finance a new public works facility; municipal advisor Baker Tilly outlined a Sept. 22 competitive sale, a Sept. 3 rating meeting with S&P, and a 20-year repayment structure with a 10-year call option.
Blue Earth County commissioners authorized the issuance of general-obligation capital improvement plan bonds on Aug. 19 to finance construction of a new county public works facility.
At a public hearing, Blue Earth County Finance Director Candace Sonic said the county prepared a capital improvement plan and published notice of the hearing in the Mankato Free Press on Aug. 6, 2025. She told the board the county proposes bonds in an amount not to exceed $30,570,000 and that estimated maximum annual debt service would remain within the statutory limit of 0.12% of the county's…
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