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Minnehaha County authorizes up to $25 million in certificates of participation to fund facility projects
Summary
The Minnehaha County Commission on Aug. 25 authorized Resolution MC20-59 to issue up to $25,000,000 in Certificates of Participation to finance a new highway facility, renovations to the administration and extension buildings and chiller replacement; first issuance expected near Oct. 27, 2020.
The Minnehaha County Commission voted 5-0 on Aug. 25 to authorize Resolution MC20-59, permitting the county to issue Certificates of Participation (Limited Tax General Obligation) in an aggregate principal amount not to exceed $25,000,000 to finance multiple facility projects.
Commission Administrative Officer Carol Muller told commissioners the financing would cover replacement and upgrades including the county highway facility, renovation…
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