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Redwood County authorizes $1.51 million bonds to finance Joint Ditch No. 5 improvements
Summary
The Board approved issuance of General Obligation Ditch Bonds Series 2026A estimated at $1,510,000 to finance Joint Ditch No. 5 improvements, authorized Baker Tilly as municipal advisor and Kutak Rock as bond counsel, and scheduled an April 7 meeting to consider proposals.
The Redwood County Board of Commissioners on March 3 adopted a resolution authorizing the issuance of General Obligation Ditch Bonds, Series 2026A, in an estimated aggregate principal amount of $1,510,000 to finance improvements to Joint Ditch No. 5.
The resolution cites Minnesota Statutes, Chapters 103E and 475, and authorizes Baker Tilly Municipal Advisors, LLC to negotiate the bond sale and the law firm Kutak Rock LLP to serve as bond counsel. The Board directed county officers and staff to cooperate on preparing an official statement and related documents. The resolution states that the bonds’ principal and interest will be paid primarily from assessments levied against properties specially benefited by the project.
The Board also set an April 7, 2026 meeting at 8:30 a.m. to consider proposals on the bonds and take any further action. No numeric vote breakdown beyond a unanimous roll-call was recorded in the minutes; the Board adopted the resolution as presented.
