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Commission votes not to escrow funds to pay off detention center bonds
Summary
Morton County commissioners voted April 11 not to escrow any funds to pay off bonds for the county detention center; the motion carried unanimously with five commissioners voting aye.
Morton County commissioners voted to decline escrowing county funds to pay off bonds associated with the detention center during their April 11 meeting.
Commissioner Morrell moved that the county not escrow any funds to pay off the bonds, and Commissioner Leingang seconded. The motion passed with Morrell, Leingang, Zachmeier, Buckley and Chair Boehm voting aye.
The meeting minutes record the decision but do not provide additional financial analysis, alternatives or follow-up steps in the record. County budget or bond documents would contain further detail about repayment schedules and the implications of not escrowing funds.
